This has interestingly swerve from the TS's question, but it actually made it more ...interesting.

5k to get 150k prop is not impossible as many sifus here have proven time and again. Nevertheless I'd strongly encourage you to read up, discuss many times and have a guiding hand if possible to go through your first property. Sifus like Pai or Phoeni can probably look at a property and almost instantly know whether it's worth investing, and if yes, if it can be done for "free" This is from experience, and sometimes you will find new ways to do things which works well for you.

When I was young (they say young man no scared wan )..I bought 4 properties in a year, and 7 in 2 years. Being naive/greedy/agressive/eager, it was a really steep learning curve, and I don't wish it upon anyone. It was not a totally bad decision though, it's just that there are better ways to have sleepless nights. (Again, being so daring when young, those nights were not that frequent also la)

Anyway, long story short, now I'm having a short list of properties that I've studied and plonk my blood and sweat cash into, and along the way get much help and help others on new ways to do things. I learned that in property investments, it just squeeze so much brainjuice out of me, and from there many ideas, silly and not so, came about. All about passion, if not how do you think Phoeni and his Mrs. can drive around on weekends hunting for bargains?

If you are serious in investments, have something like mission statements. The objectives of diff ppl can be diff, to such extend 2 competent investors can look at the same condo and disagree on whether it's a good investment or not.

Anyway, I've digresses quite a bit too. Good luck TS.

meejawa

cheap cheap wan laa

good for you. I mean think abt it, current times don't tell a bit on when and where the bottom is, so what to do?

New:
There are not many new launches, but those with reputable developers can afford to offer 0% interest during construction, and some even payment free for 12-24 months after VP. By then hopefully economy will pick up, but no one knows. This is the biggest risk. But reputable developers don't translate into good products at good locations. Eg, I'm not touching Sime's at all, but IGB, Mutiara Rini, Sunrise is ok.

Sub-sale:
This can be found in many places, but in prime location, the drop is not much except maybe in KLCC and Mont Kiara. Do you know MK10 is selling lower than developers' price now? That's why they are offering the MK11 (reputed to be the KLCC of MK) at 0% interest, and 2 years pay-nothing-scheme. Imagine the savings! This will be completed by Q4 2011. Is this a good investment? You make the call. Bangsar's prices surprisingly hold up pretty well, hard to find a killing there. KLCC aim now, accumulate bullets, and in 6 months' time, can start shooting.

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Added on April 12, 2009, 10:19 amPai,

Use some tactics. Remember loans don't show up in CCRIS/banks' database if you have not sign the loan offer letter. If maneuvered well, at the end of the day you will get much more than banks allow. (this is how I got the 7 props early on with RM4500 salary )

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Added on April 12, 2009, 10:20 amwith MRTA? I guess maybe due to freehold and limited land space, and not too much speculation in the past few years. LAunches also I think pick up only last year, unlike KLCC.

This post has been edited by meejawa: Apr 12 2009, 10:20 AM

ei? terbalik issit?

Interesting...

850? hmmm, try idaman, dua, hampshire. but i do agree at that price you can get decent return as well.

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Added on April 12, 2009, 6:25 pmBingo mate, even within same bank there're ways to do it. There are some banks (will let you do a little search) where your "other commitments" are not shown in their database, ie they only compare against what you have with them. Don't bet on good rates or features though. I'm sure all these not new to you la.

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Added on April 12, 2009, 6:27 pmThat's because you props are mahal ones i guess. The ones I got was all below RM250k, mostly below RM200k. Students market. Felt good for a while, until I saw the way my props are turned inside out crazy. Since then, no more students market.

This post has been edited by meejawa: Apr 12 2009, 06:28 PM