Investment Could I buy an RM 150K apartment with just RM 5K, RM 5K of downpayment - Future Plannings
|
|
 Feb 25 2009, 08:19 PM
Return to original view | Post
#1
|
 
Senior Member
1,068 posts Joined: Jan 2007  
|
TS.
What is the reason for buying an apartment? Investment or for own stay? If for own stay, looking at your salary, I would recommend you re-consider purchasing another property. You would have problem servicing the mortgage later on. If for investment, you could pay as low as 0% down payment. |
|
|
|
|
|
Feb 25 2009, 09:28 PM
Return to original view | Post
#2
|
|
Senior Member
1,068 posts Joined: Jan 2007
|
Well, one can choose to pay 0% down for their own stay. Nothing wrong or right, just a matter of choice.
 The problem with it is bad debt, debt that make you poor. I would prefer to have good debt, debt that make me rich. |
|
|
Feb 26 2009, 06:01 AM
Return to original view | Post
#3
|
|
Senior Member
1,068 posts Joined: Jan 2007
|
Basket, all so young!
  |
|
|
Feb 26 2009, 08:52 AM
Return to original view | Post
#4
|
|
Senior Member
1,068 posts Joined: Jan 2007
|
QUOTE(saddient @ Feb 26 2009, 08:29 AM) is it any prob? i din find any cuz we're still cuz only we must plan smtg like this. dont u wanna think all this when u reach 40 years old?    |
|
|
Feb 27 2009, 06:00 AM
Return to original view | Post
#5
|
|
Senior Member
1,068 posts Joined: Jan 2007
|
QUOTE(sooyeshun @ Feb 27 2009, 05:11 AM) yea i strongly agree with it. This bubble is much bigger or in the sense, much worse, because too many players (homeowners) involved. Robert Kiyosaki teach too many people to do it. Teach what?To flip or to be rich or that people have choices. |
|
|
Feb 27 2009, 09:52 AM
Return to original view | Post
#6
|
|
Senior Member
1,068 posts Joined: Jan 2007
|
Thanks for you opinion.
Robert only educates me in general financial basics but warns that I would make mistake. I had made my choice, if I make mistake, I would correct it and move on. |
|
|
|
|
|
Feb 27 2009, 10:13 PM
Return to original view | Post
#7
|
|
Senior Member
1,068 posts Joined: Jan 2007
|
QUOTE(SleeplessEyes @ Feb 27 2009, 09:29 PM) Yeah I do trust the bankers as the best position to advice based on what is my financial state and salary Be careful which banker you're taking advise from. Well got 1 here is an exception.  |
|
|
Apr 11 2009, 07:46 PM
Return to original view | Post
#8
|
|
Senior Member
1,068 posts Joined: Jan 2007
|
QUOTE(Pai @ Apr 11 2009, 07:29 PM) same here. Pai, they did. ALtho not sure if banks has really tighten their lending policy since then  I was talking with UOB and found out their lending policy for apartment just went to 80%. Luckily my banker got me 83% of the SAP price, or 100% of the seller asking price. |
|
|
Apr 11 2009, 07:51 PM
Return to original view | Post
#9
|
|
Senior Member
1,068 posts Joined: Jan 2007
|
QUOTE(Pai @ Apr 11 2009, 07:48 PM) thats bcoz you have more than 1 prop, no? First property nia.No credit card, no loan. Talk to my agent today, she said some of her client are not able to secure the loan. Loan may be cheap but now more stringent. |
| Change to: |  0.0147sec
 0.51
 6 queries
 GZIP Disabled
Time is now: 18th December 2025 - 08:33 AM |
Quote