Feb 26 2009, 02:50 AM
QUOTE(saddient @ Feb 25 2009, 09:42 PM)
im 20 years old this year and I planned to buy a apartment at wangsa maju area. probably at metroview or plaza prima setapak.
with the income range from 2300-3500 permonth, do u all think I can get the load easily by next year?
nowadays i know many investor using one method of paying their loan by renting out the apartment and then get the rental money every month and pay their loan. is it the smart way to invest?
Loan is easy but to keep it might not.with the income range from 2300-3500 permonth, do u all think I can get the load easily by next year?
nowadays i know many investor using one method of paying their loan by renting out the apartment and then get the rental money every month and pay their loan. is it the smart way to invest?
Metroview Condo priced around RM240K - RM280K.
Metroview Condo can rent out for RM1200.
Maintenance fee for Metroview Condo is RM160.
I had calculated that if I give downpayment of RM60k and loan RM200K for 40yrs.
It was around RM830 permonth + RM160 maintenace = RM995 per month
But after deduct your car installment, and other expenses such as water/eletricity/gas/streamyx/petrol/gf..
How much you have left ? My salary is around yours, and I cannot afford it if I doesnt rent the unit out.
Aftter all my expenses i left around RM300 only, excluding entertainment and emergency.
And worse come to worst, what if nobody rent your condo for a few months ?
How you gonna pay for your car insurance and cukai tanah for the next year ?
I opted to purchase RM200K house, and estimate renovate around RM30-RM50K.
Loan installment around RM600+ permonth, I can say it was quite comfortable.
However you are still young, 20 only, you might make RM5K next year.
FYI, Im already 24.5 years old.
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