tag:blogger.com,1999:blog-30866317.post543727916563081211..comments2023-10-26T05:32:48.260-07:00Comments on Young Investors!- Make money in Malaysia and Singapore!: Your Home- your asset??Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30866317.post-77164730079979852422011-09-07T08:28:40.533-07:002011-09-07T08:28:40.533-07:00I did exactly like what you hv wrote here, purchas...I did exactly like what you hv wrote here, purchased 2 bedrooms apartment and 1 studio unit in jb town at the age of 27 & 28 and rent them out to mostly professional tenants.These category of people are normally good pay master & never failed pay on time. It is crucial for newbie investor investigate the selection group of tenants before buying the properties.<br /><br />I followed few tips I read couple of years back from 'Guru investors' whom quote 'your first house shouldn't be your dream house'.I thought I was walking the right path till PM annouced in early 2011 that bank will only allow to release 70% loan for the 3rd , 4th .. house owner ...URgggh , This upset me the most that they fix new law on the year that I intend to buy my dream house. Where on earth am i suppose to prepare 30% out of my pocket savings immediately?.My dream house price has gone up from 300+ to 491k less than 2 years time...<br /><br />Now I have to surrender my dream house and search for cheaper landed house which can suit my 30% budget. Still I believe if I can turn back time, the thing I will change in my so long decision , is to buy my dream home as 2nd property and rent it out since I was still single back then ..The 3rd or 4th houses for investment can come later. Once married , can settle down at that 'dream house'...urgh....ms fooleyhttps://www.blogger.com/profile/02934508339106500216noreply@blogger.comtag:blogger.com,1999:blog-30866317.post-84373183894696936742009-06-15T05:06:27.433-07:002009-06-15T05:06:27.433-07:00Excuse me, let me share my experience here...
I o...Excuse me, let me share my experience here...<br /><br />I once used to believe that theory, where our house isn't actually an asset but more to liability, but now that I actually got my house sold, I really think IT IS AN ASSET!<br /><br />You see, I've been paying for my house for around 3 years, R800 a month, including 100 bucks for maintaince fee.<br /><br />Say, roughly 800x12 months=9600<br />so 9600x3 years =28800<br />say, plus minus quit rent cost me around...rm600 (yup, i did check my bill)...<br /><br />so 28800+600=29400<br />including misc eg indah water RM200<br />makes the total up to 29600...<br /><br />that's how much has become my liability..or so i tot...<br /><br />the thing is, recently I got my house sold with a profit of Rm30K!<br /><br />Isn't that just nice?<br /><br />So, all these years I stayed there for only ..free..!How about that? ;-)<br /><br />All in all, juz a different perspective from me regarding this topic, I would prefer to think as "Your home-your investment.."<br /><br />P/S: Appologize if the above has hurt anyone's feeling...I'm a newbie in property so indeed I am still learning...cheesyhttps://www.blogger.com/profile/02923217597710196898noreply@blogger.com