4K/month for loan, hmm..... earning alot huh ?

Your friend can afford to be lansi-lah. So he's a full-time property investor? Mind sharing more details about how he build up his property portfollio? If I have 10 million in property, I also won't care what other people think of me. It's my way or the highway



RM4k in loans means you must be earning at least RM10k per month. Doc, you should belanja me massage instead

This post has been edited by Moneylust: Jun 17 2008, 11:18 PM

looqsonline,

Nice long analysis.

How about the mid range - say, RM500K - RM700K properties? Are they also doing so terribly? I am asking just to get a better picture of this particular range.

Thanks.

Right now a lot of subsale units are flooding the market. If you look hard enuff and strike up friendships with real estate agents, it's possible to get good deals. PM me if you have questions

any thoughts on platinum hill (PV8) condo in Taman Melati Utama, Setapak? Planning to buy as an investment (rental + capital gain). the price is around RM300k for a 1600sq feet unit. appreciate your comment.

no larrr ... u all crazy lar la .. ... it is only about 60% of my total commitments. remember 33% installment for loan applied ... and 75% of total commitments. i still have another 15% to go ./..

bro no reply on pm yet ><

but anyway back to asking questions again

how many RE companies in klang valley?

how bout names?

I think Ambang botanic is not bad. It has a very tight security and has AEON shopping mall just not far from it.
the bandar botanic resort club is just right at the entrance of Ambang Botanic.

the key is that it's a self-sustaining township. You don't have to pay toll unless you work in KL/PJ. Living expenses are relatively low compared to KL/PJ.

The most important part is the pricing.
780K for a semi-D (3200sqft for land 40X90)in G&G Ambang botanic. I think it's a steal considering 1mil semi-D in ecopark.

Hi,

I live in Klang. As far as I can tell, people prefer Bukit Tinggi over Bandar Botanic. I have not seen anything to indicate that Bandar Botanic is coming back alive.

Dreamer

Bandar Puteri Klang

huh.. bukit tinggi can be better than bandar botanic?

I think people who like bukit tinggi because the house they built is bigger compared to bandar botanic.
however, surrounding e.g. landscaping, lake etc, jogging track i think you cannot say bukit tinggi is better.
in fact, i cannot recall bukit tinggi has even a lake.

I went to both area. i'm talking about G&G. Therefore, only Ambang can justify it.
I really doubt those G&G in bukit tinggi can actually claim as G&G.

in bukit tinggi so called G&G area, i just conned the guard a bit, i could go straight in while i tried to go in G&G Ambang, no way.

This post has been edited by joseph123: Jun 19 2008, 11:17 AM

BROS NEED YOUR ADVICE!!!!! ARGHHH GENERAL SENTIMENTS ARE NOT LOOKING GOOD.! I BELIEVE 3RD QUARTER CONSUMER SPENDING WILL BE DOWN!!! JUST STARTED MY NEW TECHNOLOGY BUSINESS. iMPORT OF BOUTIQUE TECHNOLOGIES THAT THIS COUNTRY HAS YET TO BE SEEN!!! BUT THE ADDED EFFICIENCY INTO GENERAL OPERATIONS WILL BE TREMENDOUS ON COST SAVINGS. MY BUSINESS INVOLVES BOTH GENERAL CONSUMERS AS WELL AS CORPORATES.!!!!!!!!! EARLY MARKET PENETRATION HAS YET TO BE SEEN AND ALOT OF MONEY WILL HAVE TO BE SPENT ON EDUCATING AND LETTING KNOW THE MARKETS THAT SUCH A PRODUCT EXISTS TO PROVIDE SUCH BENEFITS!!!!

HOW? SHOULD I GO AHEAD AND IMPORT ON HIGH MOQ OR SHOULD I GO AHEAD AND LOWER MY PROFIT MARGIN AND IMPORT FROM LOCAL DISTRIBUTORS? OR SHOULD I JUST STOP EVERYTHING??? ARGHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HELPPP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! NEED ALL YOUR COMMENTSS!! PLEASEE!!!!!!!!!!!!!!!!!!!!!

I AM NOT AFRAID OF NOW, BUT ACCORDING TO MY PERSONAL FORECASTS, MARKET SHOULD BEGIN TO ACCEPT IN 2-3 MONTHS TIME AND PRODUCT CYCLE PEAK SHOULD BE IN ABOUT 1 1/2 YEARS. ARGHHH HOWW??? HELPPP!!!!

This post has been edited by looqsonline: Jun 19 2008, 03:58 PM

Have you considered your potential ROI - for the various possible decision you make? And the risks?

Anyway, seems like your head is wet already? So don't stop.

Play it slow and steady. But if and when things start moving along get ready to go all out.

All the best.

IF you have 100% confidence in your product and it does what its suppose to do, just proceed. In trying times, ppl will still buy if the $$$$$ they forked out for your product justifies their SHORT TERM and LONG TERM cost reduction.

Although I'd personally will play my cards into the SME segments 1st instead of the mass consumer segment 1st.

donno lar ........ scared la ... one of my businesses already doing like shit because of diesel prices but thank god usd went up because we deal in usd. hai ... joe let's go mamak la ... and ya my head is already wet to wet to stop .... cannot la .. to much commitment to much things to pay ... staff office etc... came in at the wrong time la ... that's why alot of times ler foresight is very very important. further more income not really coming in yet ler ...... the business is ok .. but i am dying ... paying myself only 4k salary ... my liabilities 4k already .. hai need extra money to survive .... so headache ... who want to rent my see fat?

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Added on June 19, 2008, 9:35 pmsigh we can't pull the sme card cause they are to small to afford our system. I'm working on corporates mnc and mainboard listed companies. but corporates take to long and to much effort. That's why i refocus part of the business into retail so that i can earn commision fast and then company can make money to sustain. sigh brokering was so much easier no overheads no capital needed. sigh ...

pai u doing business or working?

anyone doing business? mind sharing experiences especially in a rocky economy?

This post has been edited by looqsonline: Jun 19 2008, 09:35 PM

Mate, am a makan gaji fella.

However, until recently was working in a foreign bank, in their SME business, issuing loans for small and medium businesses. In a rocky economy, by far the most important thing that a business absolutely must have to survive is CASHFLOW.

Btw, in ur post above, u r saying SMEs r too small and cant afford your system. But individuals can? Doesnt sound right to me ;p

I don't know what exactly your new business is selling, but you're right that the current economic outlook is bad, especially with the unstable local political scene that I think will persist till November/December at least.

And from your post, you sound afraid of the new investment. As such, the wisest thing to do is to fall back and postpone it. Why risk doing something in a negative looking economy that does not guarantee success even in a positive economy.


My opinion,
minolta

just curious, how many businesses are you currently running? i think it's just generally bad in the sense of our current economics, everyone's suffering from the same problem. you don't have to go to the extent of renting your butt...

anyway, not doing any businesses, so no decent advices from me, but i sure hope you'll find some solutions and get things running again smoothly.

my advice is dont go into something so new now, since u know overheads will be high and etc, so just wait a little more, i'm sure no big players will be taking over your idea anytime soon, so it wont hurt waiting a little plus new things isn't so easily accepted now....

and like all business cashflow is so dam important so since you might have a little trouble there, why not wait a little and wait for things to get a little more stable like financially...

of course i'm not asking to forget this idea, its shud be a good one since u spend so much time researching it, but perhaps now isn't exactly the best time ><

well waht i mean is that ... the system is to expensive for SMEs ... it is made up of 3 parts ... hardware 1 ... hareware 2 and then software. hardware 1 and software is to expensive for SMES and and they won't see the benefits without the whole system. They can afford hardware 2, but the effort and time it takes involved in marketing to smes is just not worth it. So we have 2 divisions ... 1 retail and 2 corporate. retail pushes to resellers and corporate implements the whole system but is targeted at corporates and MNCs.

when you say until recently what do you mean? ur not working now? wo sme business i'd really like to more a]bout the credit processing as well as the cerdit policies heheh so that i know what the bank wants when i apply for a revolving or stock loan .. heheheh

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Added on June 20, 2008, 6:51 amwe can't ler .. unless we move forward, the business will just fail ,... sigh .. i'm like having a big pointed at my head

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Added on June 20, 2008, 7:02 ambusinesses with small shareholding .. 3 ... like really really small ... like 1 of them i even invested sgd 500 only... 1 recycling business ... a pub in sing .. but this tech company is major la .. i am working for the company as well ... just started everything last year since a big comm ... brokering is good but income is very unstable.

anyway its one of my dreams la .. to become pico the gigolo ...

so what's your job? everyone has things to share about their own industry

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Added on June 20, 2008, 7:07 amhoo dude .. u don't know how fast people are. Most of the tech i saw last year has got people doing it already. Especially the singaporeans. One of the sadest things is that from my own experience, 85% of all imported products here go through singaporeans. Alot of exclusive distributors are from singapore. that's one of the reasons why so many things are ex in Malaysia. ie hi tech products, ship building parts, heavy machinery and luxury goods.

ya timing was important it seems my timing was bad also didn't move fast enough.



This post has been edited by looqsonline: Jun 20 2008, 07:07 AM