Category: Basics – Property Investment
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Better rent to me at a lower rental, or else…
For some readers, I wrote before that if my tenants are really in trouble because of COVID-19, I will provide them 50% rental discount. I meant for the good tenants. Not for all tenants. Of course, they will need to provide some proofs that they really need that discount. Now, what happens if the tenant…
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Doing nothing versus getting ready, the signs may be almost the same
Are you saving more of your salary (if you still have them) since you are at home and could not use much of it anyway? Are you liquidating some of your illiquid assets and keep them into liquid ones like cash in bank so that at any point in time, you could draw upon them…
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My ‘forced’ savings worked for me. What about for you?
In 2003 (yes, 17 years ago), my wife and I jointly purchased our my first property. It was an apartment of 730 sq ft. The name of the apartment was Villa Kejora in Relau, Penang. From the balcony, if I stretch my head out a bit and look a bit further, I could view the…
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My portfolio, my roboadvisor and my returns after 12 months.
I have started a ‘forced savings’ with Stashaway about a year ago. Forced savings means I will not look at it until after some time. Today, I suddenly remembered and I logged in to take a look. The roboadvisor has helped me to adjust how my portfolio. Take a look at the image below. Slightly…
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Too early to know if property price will be falling
If we bought a property for RM500,000 a few years ago, we are certainly not going to sell the property for lower than RM500,000 today. UNLESS if we lost our job and we are certain that we could not find a new employment before we ran out of money. In that case, we may sell…
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Just because the buyer may not know does not mean developer can do anything they want
First of all, if you are a foreigner buying Malaysian property, the protection you get is the SAME as any Malaysian purchasing a property locally. As for the protection, please read on yeah. Did you know that as a buyer, you are protected IF the developer tries something illegal? As long as what they were…
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RM800k condo. RM2,000 rental. Even recovery cannot save you.
The amount does not represent any particular condo yeah. Just an example after I was asked by an acquaintance if he should proceed with the purchase of a condo in a ‘hot’ area. He told me that the rental cannot cover the mortgage payment currently because of current negative situation. However, when the property market…
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Home Ownership Campaign (HOC) SHOULD be OTW back…
It’s been reported in the major medias. I have received a few same messages of the news. Well, just need to wait till next week to know for sure. What can Home Ownership Campaign (HOC) do IF I have no money to buy a property. Actually, we are not in a financial crisis. Many kept…
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It is in this order: salary – savings – invest. Which stage are you at today?
I read an interesting tweet by Elizabeth Tai, a personal finance writer who writes from the Malaysian perspective. Do read her articles here. Elizabeth was asking about the tendency of writers to just write about investing when everyone should start by focusing on savings too. She’s right. The fundamental for financial management is about saving…
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It’s not the price. It’s the motivation.
People continue to tell me that property prices are coming down. I pointed out to them that property prices as in the listing in property sites or property prices as in actual transaction? Many look at me blankly… Many times, we fail to distinguish between perception (when everyone is viralling some news) and the reality…
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Saving continuously and you will be rich in the future. (quite rich…)
Unfortunately for us, the Fixed Deposit (FD) rate has gone down so much that we no longer get even a 2%…unless we save for 6 months or higher. By the way, even if we save RM1,000 for 365 days, we will only get RM21. Erm… not enough for even one Starbucks latte and one slice…