that's nice to know, thanks.

why so concern about RUGI thing? have relationship problem very offen between you and ur bf like angry, mad? Family problem? how long the relationship? stable? if everything are good, why you so worry about? or you or ur bf are playboy or playgirl?

I thought it is MALE vs FEMALE are same LEVEL now?

Since the property are under both of your name, why not go ahead?
That property are under 3 of your bf family, your bf should receive 1/3 sale price, right?

RM220k/3 = RM70k+, mean that your bf can pay some advance which is he can pay less montly installment for few year and you can pay more than him, right?

Legal fee, everything can arrange once, your bf family can set the property selling price less, like RM220k set to RM180k or as less as possible but not less than you want to get housing loan which is 10% more than loan.

Example: if you want get a housing loan is RM160k, mean you need to set the selling price RM176k. other you pay back to your bf and ur bf family by cash.
That will save you SPA(s&p) cost.

Regarding Loan agreement, too many type offer in the market. Like ZEC, and non-ZEC.....

Another thing is you can save a lot money like 20k cheaper and some reno cost in the market price.
Just thinks about it!!!
Anyway is a good move in order you and your bf are stable and good future plan.

hope can help.....

This post has been edited by eagle.ng: Aug 29 2008, 08:54 PM

married then get the property

I suggest your bf not to accumulate more debts as i see this house as a liability more than an asset (Unless fully paid up or it is generating income monthly)

Well, first to say sorry that this might be long reply.

I'm letting my bf decide, coz i dun1 to c him just take my action for granted. If he plan all this for house and wedding ceremony is totally his job. I'm here just to support whatever he want to do. Anyway, will take ur advise. Thx ya.

Yeah, the transferring we discussed with the current property lawyer. The issue is ~RM6k per case transfer. I'm realize that, is actually same charges as i'm buying a new house. So, y i still need to take this current condo, instead myself can buy a new condo. I'm taking my off my hand and let my bf to decide and plan. Coz...i'm just merely a GIRL-FRIEND.


Alwiz there is a charges when go to the process name of transferring. I got the breakdown which i think a little overcharge too. The list still with bf.

The property loan is under the elder sis. Apparently, the plan is me & bf will buy the property by getting loan. Then, once loan approved will pay off the debts inherited my the elder sis. So there is no longer debts frm elder sis. Then the balance of money my bf have, will pay off his personal debts, and half for his lil-sis and his parent. So finally,. . . the property is fully, me & bf name.

The points to get this property is, we get a house and he settle his debts. But in order to keep the house, only my bf is not affordable, so need my help. When i'm involved, of course i need a black & white to make sure that is my property too. What if one day (*touch wood*). . .my bf dun1 me anymore ... i get nothing.


Thanks eagle.ng, your advise really appreciate. My relationship so far so good. My family is very concern for our marriage. But his family side never mention our marriage and yet more happening for divorce case, just mean his brother and sister on that case. But yet, i believed if we are strong, we will have happily ever after live ( that's actually my childish and fairy tales dreams )

To make sure once i got married, i got a house and no more debts, i need to step out and help my bf. That the sacrifices the lady need to do in order to get a better life. I know some other lady's no need to do so many things....just find a rich guy and happily ever after. But, i'm not that lucky.

The pricing will reconfirm, if my bf family agreed. But anyway, i really wanna see my guys put more effort to get this house. For my part, i just only can help on financially which i'm still afford.

This not just that easy.

As i just mention, once sold this house to me&bf, my bf will get the money and pay off his debts. This is the process that we want to get the house. I'm personally hope that this house really can sell of, whether to me & bf or others. Coz i really want my bf debts settle.

I gather from your answers that your bf can just have the house sold and the money gain would be more than enough to repay his personal debt and no strings attached.

If you and your bf 'bought' the house over, you just transferred the debt into you and your bf's name --> that's why I said you guys inherited a debt. Whether or not you guys should commit to the house for the next 20 years or so is really up to yourselves. It's not just about your relationship and marriage. It's also about being financially wise and planning for the future.

Offhand I would say it is better to utilize a housing loan to cover one's personal debt, but he must know what he is doing.

tgrrr, should i not say inherit the housing debt. . .as my bf sell the house(the money he get, half of it settle the house loan, the rest cash). . .and me and bf buy over the house (is like get a new house for us).

Have a house and get loan which i not agree for the word 'inherit debt'. Is ur personal house loan and you get ur personal property. Sorry no offense to shoot u. . . just share it out =p

And that's why, now trying to strategies, how to play this game. Should i involve or not?

Well the obvious question is does your bf have the same financial thinking and willingness to commit as you are? You'll need two to clap to be successful in this game.

And about the debt thing, I view a house that doesn't generate income as liability but it's more a matter of personal POV (point of view) and so no offense taken.

Uhmm. . . . i decided to handoff.

Since there is no planning from my bf. He just cant stay focus.

The things i can do is encourage him to sell off the house asap.

If decided to rent out the property, can the rental cover the loan? Further more since it is fully furnished, should be able to fetch a higher rental.
If yes, would suggest to keep the unit. If no... just sell off la.

rental is probably not an option as they will still have to get a loan to take over the sister's loan... and then what happens if you cant find a tenant for a few months? too risky.

If you can't find a tenant for a few months, what's the probability you'll get someone to buy your house in few months? Don't forget, the legal procedures will take months to complete before the new buyer can take over the condo. So in terms of time, both will come up to the same.

If the potential rental is more than loan payment, then can consider it as an investment.
- No downpayment required.
- Just continue to service the loan, not necessary to get a loan to take over sister's loan. (Need to negotiate with bank).

But TS has stated she'll leave it to the bf to decide/handle, we'll just wait n see.

Thx that a good solution if the house not yet sold out. Will ask the buyer to rent the house 1st before fully transfer. But no confirm buyer yet. And the condo price dropping. Because is more likely to resort condo.

So, you & ur bf hv decided to buy new house?
I wish ur bf can rend a room instead to rend a house. Because rend a house is more expensive and almost same like you buy a new house for installment. Anyway, it is depend the location too.
You may think to buy your new condo (under your name only, since you got purchase power) since your parent and your bf parent not much agree to put under both of your name. By the way, you should understand better why your bf get into too much the depts? Is it bad habit or other? Just protect yourself.

but once your done this, your bf might not happy on this....might have a better dicussion.

This post has been edited by eagle.ng: Sep 4 2008, 09:35 AM

Jz my wild guess the condo you talking about is Amadesa condo DP?

I agreed with tgrrr on house is a liability unless its generating income monthly.

Best thing is start selling now, market is weak.

You are only that guy gf la..stop dreaming.