RDPD: Collecting houses for rent, Under company. Need details.
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 Nov 27 2008, 11:46 PM
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#1
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Senior Member
5,220 posts Joined: Jan 2003 
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QUOTE(jasonhanjk @ Nov 26 2008, 08:10 PM) 8% to me is below average. I don't think u understand the logic.10% to 20% is average. 21% to 50% is good! 51% to 99% is very good! Infinite is best! Which is attainable.  how can u rent your RM500,000 double storey house at RM500,000 a year? If the tenant has so RM500,000 or infinite cash why does he need to rent the house? ;p |
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Nov 28 2008, 12:33 AM
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#2
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his answer was in response to Pai's answer to you :-
'My research? That you can quickly decide whether property rental yield is good enough by rental/house price formula. Ask some real estate agent about investment property, then ask how they calculate the rental yield. I think 8% is consider good.' '8% is good, but try to aim higher. Ultimately you want to earn more so property investment is really worth your while.' Comparing apples to apples. |
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Nov 29 2008, 02:42 PM
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#3
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QUOTE(jasonhanjk @ Nov 29 2008, 10:04 AM) The key word is value, can the price of this house gives you a good rental return. To me 25% gross is near impossible.. or maybe 1 case out of 1,000,000.My rule is to find a house where monthly rental is 1% of the purchase price. I also found someone in Melaka bought a "house" at 160k with a rental of RM3300. The only way something like this happen is :- The property was bought 10 years ago & have appreciated over time, hence the higher rental rate, somemore in Melaka  Even in BU a RM500,000 house also can't get that amount. For new properties.. you'd be lucky to get a tenant. This post has been edited by DannyOP: Nov 29 2008, 02:46 PM |
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