i plan to get a new house (apartment), my budget is 80-130k... do u see any place selling?

i also want to know.
If have also veli far from town...
far far place like sg long maybe have.

I managed to secure a bank lelong wan at 50k

RAMPAI COURT, Setapak
Type: Apartment
Bedrooms : 2
Bathrooms : 1
Built up: 650 Square Feet
Asking Price : RM92,000.00

Rental of it should be around 800-1000.
If you loan for 90000k ,interest rate 7% and loan for 20 years. the monthly loan payment should be 700+, which is mean u earn about 100-200 every month by just spending few k to buy the house.

is this new development?

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Added on March 2, 2009, 3:08 pmi prefer new developement project

This post has been edited by apatheticzzz: Mar 2 2009, 03:08 PM

hi there, i think rental of 0.8-1.0k is a bit overoptimistic. a quick go-through with the classifieds and found out generally people are asking for 650-750, some furnished.

but anyway, even with the lower rental yield, there are ways to make sure that there is positive cash flow from this property.

Actually i estimate it to rent at 1000k but normally ppl will ask for lower so i estimate 800-1000.

And this is a old project.If u r investing and need a faster return , it is better to invest in old project.

Because new project is need wait for the completion date and u may hard to get some 1 to rent.

Do you have a location in mind or anywhere in KL/PJ is okay?

Yup anywhere ok for me..will review it then

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Added on March 2, 2009, 9:55 pmold project procedure very headache, and it need more cash to deal with bank...so i prefer new project new house

This post has been edited by apatheticzzz: Mar 2 2009, 09:55 PM