Assuming that you have accumulated sufficient downpayment for a property. We also assume that you have a stable job which will enable the bank to approve your mortgage loan. What would be the next step that you should take? Goal / Objective: Understand why you want to buy in the first place. There are so … Read moreSteps to start your property investment
Two more reasons given by Mr Stephen Soon, the chairman of Penang Auctioneers association and MD of MNP Auction Team as below. Property investment is about ROI. Return on Investment. Today, when you buy any property, you are faced with Real Property Gains Tax. This would severely deplete some of your gains or even make … Read moreBuying auction properties – Part 2
Today, a Penangite friend asked me, what are my thoughts on auction properties. To be honest, I have never bought any auction properties before. However, I remember some points from a talk I attended before some time back. It was by Mr. Stephen Soon, the Chairman of Penang Auctioneers Association and MD of MNP Auction … Read moreBuying auction properties – Part 1
Still remember last year, before GST many people advise that we should buy properties soonest because with the impending GST, prices will rise further. If we buy later, the GST would have been factored in and the prices even higher. Whatever advice that you hear from any consultant, famous speakers or even best selling authors, … Read moreBuy property asap or don’t buy? You decide.
A friend said, with my salary there is nothing I could buy. It is time me to look for a job in Singapore. I look at her and replied, yes, for you I also think it is best that you work in Singapore. I do not think she is someone who works very hard or … Read moreBetter career, more money in Singapore
I laughed when a close friend related her conversation with a fellow manager in her company. The manager works in a US multinational so salary not much of an issue to buy a property. The manager said, he does need to buy a property, preferring to rent because when he needs to move back to … Read moreProperty not necessary and not a necessity
A friend told me that she could not rent out her flat. She said she bought the flat long time ago and until now still not rented out. On and off she would bring potential tenants but none of them wanted to rent. I asked her a few questions and she told me this, ‘everytime … Read moreProperty buying – objectivity matters
Passive income. If you buy a good property for RM250K to RM300K today, typically you can rent out for RM1,100-RM1,300. Depending on how old you are, this is sufficient to cover your mortgage and gives you a yield which is equivalent to FD, at worst. If I can, I would like to continue buying to … Read moreProperty investment – back to basics
A close friend just complained to me about the Gen-Y in her companies. Always complaining non-stop. Always not satisfied of anything and everything. Thinking the company should follow what they think. Come to think of it, I quite agree. A lot of these Gen-Ys are really ‘unbearable’. However, today let me tell you about 3 … Read moreGen-Y and property
Subsidies are cut. Petrol prices may continue to rise contributing to higher inflation. Toll rates are going up. Electricity bills are also rising. With the huge growth for past many years, there may be too many residential properties; oversupply. Already we could see transactions for KL / Penang is down year on year. So, would … Read moreWould 2014 be a tough year?