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ABCs of Personal Finance

Just RM450 per month to own the new 1.5 litre Saga?

When my sister bought her very first car, a Proton Saga BLM (photo below), she told me. She told me she bought the blue colored one. She named it ‘small blue’ in Mandarin. The day after, I started to see Proton Saga BLM everywhere. Then I have a thought, maybe I should buy the shares since Proton was selling so many Saga BLMs? I bought a number of shares below RM2 and within less than 12 months, when they announced good set of financials, I sold off those shares at RM4. Yes, handsome profits indeed.

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ABCs of Property Investment

How an Auction Drove Home Price Above Estimates

In Malaysia, selling via the auction route is seen as selling of the desperate home owners. It is viewed as the selling of properties where the owners are already in a financial crisis. Only the banks do it as they took back those properties from the owners who could no longer pay their monthly repayments. That’s why they are put up for auction mah…

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ABCs of Personal Finance

Buy a car, lose a potential property?! How is this possible?

Let’s start by looking at the differences in downpayment and also the monthly repayment for different cars. Then, we can see why a car could mean losing a potential property too. We assume everyone below are earning similar incomes and perhaps 10 years after they have started working, they may want to buy a house. In other words, downpayment of 10 percent is needed.

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ABCs of Property Investment

JLL Malaysia Report: Malaysian Property Sector Strengthens

When it comes to the stock market, Insider information can be a legal issue. However, if we like to have some understanding about the property market in advance of any market reports, we could also ask our good friends who are in the industry too. Whatever transactions they could close would be reflected in the numbers maybe 3 months later. When market is hot, total transactions increase and our real estate negotiator friends would be the first to feel this. Somehow it seems there were more buyers. Somehow buyers were more willing to proceed with the deal faster versus thinking and waiting.

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ABCs of Property Investment

Property Investment 101: 6 Reasons for Buying Renovated Units

My first investment / property buy was a partially renovated unit. The owner wanted to sell and move to the first floor of his new shophouse. I wanted to buy versus renting a place. I was getting married and my father-in-law reminded me to OWN a unit versus renting. That was way back in the year 2002. By buying a partially renovated unit, I saved a lot of money. Of course, I must also be willing to accept all that has been done yeah.

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ABCs of Property Investment

Signs Your Tenant Might Be Growing Cannabis

Sometimes, it is very hard to determine for sure about the personality or even the behavior of the tenant. Maybe they were good and after they have started, they could turn into someone else. Luckily for me, my tenants have been good to me. However, the below condo unit owner may not have it as smooth as me. Police arrested the tenants and the charge was none other than ‘growing ganja plants.’

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