QUOTE(lwb @ Mar 18 2009, 04:14 PM)
hhmmnn.. ts is a "flipper". here're 2 things that hopefully you factored into before you signed on the dotted lines..
1. does the rhb loan comes with a lock-in period? if it does, you have to take that into consideration once you're selling it.
2. what is your holding power like? are you aware that both rental and appreciation is NEVER GUARANTEED?
property is a very illiquid asset and if you don't even have the minimum down-payment upfront (in some cases, a buffer thrown in would be better), you might be a little over-leveraging there.
my assumptions:
you're at a very young age (thus your 38 years loan tenure and your lack of fundings).. 1986 is your birthyear?
you have great concern about the reliability of the developer (after you signed on the dotted lines?) a done-deal's a done deal.. if i were you, questions like these should be asked before committing, not after.
anyway, if your soon to be property is not a service-apartment, it's governed under the hba (www.hba.org.my) which offers much better protection than if you would go alone against a delinquent developer.
p/s - from an investor point of view, one's own good-feeling/preference of a property is not accurate. it is your potential customers' view(feeling/preference) that makes a location SOLID..
you may love the place alot, but if you step aside and view it from a tenant point-of-view, you may discover discrepancies in preferences. imho, developing this insight will make you a better property investor.
Haha , flipper, I nice this term. 1. does the rhb loan comes with a lock-in period? if it does, you have to take that into consideration once you're selling it.
2. what is your holding power like? are you aware that both rental and appreciation is NEVER GUARANTEED?
property is a very illiquid asset and if you don't even have the minimum down-payment upfront (in some cases, a buffer thrown in would be better), you might be a little over-leveraging there.
my assumptions:
you're at a very young age (thus your 38 years loan tenure and your lack of fundings).. 1986 is your birthyear?
you have great concern about the reliability of the developer (after you signed on the dotted lines?) a done-deal's a done deal.. if i were you, questions like these should be asked before committing, not after.
anyway, if your soon to be property is not a service-apartment, it's governed under the hba (www.hba.org.my) which offers much better protection than if you would go alone against a delinquent developer.
p/s - from an investor point of view, one's own good-feeling/preference of a property is not accurate. it is your potential customers' view(feeling/preference) that makes a location SOLID..
you may love the place alot, but if you step aside and view it from a tenant point-of-view, you may discover discrepancies in preferences. imho, developing this insight will make you a better property investor.
Too bad, my purchasing power is not enough, as for now. So I have withdrew. Updated in my previous postings.
Added on March 18, 2009, 4:21 pmI am born in 1986, still consider young, haha...
And one more importing thing, thank you.
Really appreciate your advice/view. Hope I can be successful one day.
This post has been edited by vincent_ng86: Mar 18 2009, 04:21 PM
Mar 18 2009, 04:16 PM

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