Well im 19 years old,currently i have 2 house under my name,a shop lot and 2 cars..The new apartment that i just bought in wangsa maju have a unit for sale(just next to my door).The price i bought RM150k now the market value went up about RM230k,i went to few banks to ask if i can re-finance the house that i bought to buy the next door house.They told me i can't because the house i bought was under progress payment plan.They told me to mortage the house now and get loan to buy the next house.Monthly min 25years is about RM1100,this amount is not a problem as i will be renting the next door house and mum told me she can support if theres no ppl renting the house.

My question is..What are the pro n cons here? Can i run from the intrest? I forgot who told me if i settle the amount within 5years i can skip the intrest.At my age am i too young for this loan? My mum and dad are not working but we have lil bit going on which the bank wont know about,while my brothers are still studying just like me.The bank told us we only need asset which what we have now.We can pay cash half of the amount but then mum and dad have to declair am i right? Is there any expert that can help me on this?

19 years old and you have 2 houses?! Can you tell me your job please

nice computer spec

thanks...but compared to the other forumers here my rig is kinda average

plz pm me your job
or your bussiness i wan to learn O_o"

:s guys im trying to seek for help not to play as i need to buy the house within this week ...never work studyin in KDU now..all my parents hard earn money..in declair paper they put "Pemberian ibubapa" so no tax for me!

pemberian ibubapa still kena tax but cut into 50% !

err ...in general u r in good shape woh, assuming all the things you said in paragraph 1 is true. The only things we can help you is to question about your paragraph 1 only.

just make sure no one die if all these did not work out, for example, your properties worth 50% for the next 5-8 years and you cann't sell it, make sure no one die out of that situation, then ok lor. Coz you are young and just make sure you can rebounce back in every down turn ...

I also write some fundamental about property in my blog this morning, you may also comment if that suits you too, click here to read

mtsen: what do you do?

im concern about it also..the shop lot currently not renting cuz its at wisma rampai which is DEAD for quite sometimes and to sell it doesnt have a good value..i dont have source or income of my own if any of my parent die..*touch wood*

i just need to know if i settle it within 5years will the bank still hunt me for intrest? well as far am i concern i dont have to pay any tax..so i dont know if 50% tax goes to my parents? whats the best option i got? loan or no house?

if you have the grants of all the properties with your name on them all, there's nothing you have to worry about. If your names are on all grants, that means your parents have paid the transfer tax if that is the tax you are talking about !

u have a great life and a great future in fron tof you.. i envy u..great family and great support...u must have done a lot of good things in your past life..congrats..

i dont know about the tax but mum told me no tax as she put down pemberian ibubapa..so nobody in this field can help? guys thanks but really im not trying to show off..just i need to understand this thing better ..

thanks ..found a way deal are closed..thanks