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 Need Advice from LYNians on Apartment Investments

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SUSjasonhanjk
post Jan 27 2009, 10:07 PM

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QUOTE(rak3sh @ Jan 27 2009, 03:46 PM)
Dear All,

Hi! I'm an Engineer getting a RM2K salary. I've been on the job close to a year now.

I'm planning to invest on real estate....preferably apartments for student/small family rentals. Basically, this is to enhance some passive income.

Since I'm a newbie....I need some solid advice on real estate and loans in Malaysia. Below is a load of questions...


Appreciate your replies!!!!
*
1) Is an apartment worthwhile investing in?
Yes, but are you a good investor?

2) Will the market value drop?
Market value rise and fall are part of the macro economy.

3) Is it better to have the apmt close to colleges to garner more students?
You may garner more student but does your investment makes sense?

4) Where's the best place to invest for an apmt in Malaysia right now? Any recommendations?
Talk to different agents. It's part of your learning if you want to be an real estate investor.

6) What will you get for an apartment which is 150K-200K?
A 150k to 200k apartment?

7) What are the kinds of loans I can apply to? What will be my commitment monthly/yearly?
I'll let others answer.

8) Is there like a middle person to look after or maintain the property?
Talk to real estate agents. wink.gif
SUSjasonhanjk
post Jan 28 2009, 05:35 PM

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QUOTE(alanyuppie @ Jan 28 2009, 05:19 PM)
Property investment needn't start in a big way. sometimes getting a low cost flat between 40k and 60k with minimal monthly payment, and rent them out is a good start for someone with 2k salary.

maybe we should guide him on ala baby steps rather than doubting his credibility/lack of options. Not many people think like TS these days.
*
Yup. TS salary will eligible him to buy a low cost flat.

I tried to apply one but got rejected due to my salary.
In the end I lost RM1000 from consent and legal fees.


Added on January 28, 2009, 5:42 pm
QUOTE(DannyOP @ Jan 28 2009, 04:48 PM)
For a RM2k salary you can only go for a 150k with 10% deposit at the most. For 200k, you need a salary of RM3k. This is taking into account a 30 yr loan.

Estimated repayment for 30 yrs

150k - RM746 per month
200k - RM995.62 per month
*
4.35%? wink.gif

I like to know. Do you loan 100%?
I am buying a 120k property for 100k. wink.gif

This post has been edited by jasonhanjk: Jan 28 2009, 05:42 PM

 

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