245k investment, 4 years get back capital, is it a good invesment?
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 Mar 30 2009, 01:14 PM
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#1
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Senior Member
650 posts Joined: Nov 2006  
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Don't you need some kind of permit to build a 'long house' type apartment? The 10k/house is quite low. Does it include sewage planning? Quite interesting in fact.
Isn't it hot living in a zinc & plywood house? Assuming that you are allowed to build something like this, I think it is a good biz plan. Just treat the 245k as reno cost! |
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Mar 30 2009, 02:22 PM
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#2
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Senior Member
650 posts Joined: Nov 2006
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QUOTE(ah_suknat @ Mar 30 2009, 02:12 PM) the rental is arounf 250 to 600 depends on the type of the house la. wooden house or bricks, also size. How do you kick someone out the 2nd month he doesn't pay? Since they are some sort of foreign labour, and this place seems like somewhere of no where, will it be dangerous should any argument happens?yeah my competitors also doing the same type of houses, just combination of plywoods and zincs. yeah the foreigners are like those indons, philipinos and also some from the peninsular. the land is not located within any council area. so no cukai pintu or people collecting garbage. and also regarding insurance, I dont think I will insure it, so fire is one major problems here. this is the risk that I have to bear. Added on March 30, 2009, 2:13 pm no delaying here..have to pay 1st only stay, no pay cannot stay...  if you the way to collect rent, then u can consider. otherwise, you might earn a lot on paper, but many bad debts |
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