Lowyat.NET: Latest topics by chooee

Wanting to get out of Booking Stage

chooee — Tue, 28 Feb 2017 23:28:39 +0800

Hi all Sifus,

I need some advice and hope to get some answers in this forum.

I surveyed a property recently and interested in a very beautiful property.

I went ahead to sign a letter of offer to purchase the property, the owner also signed. I issued a cheque amounting to 3% of property price as booking fee.

After reaching home and did further research, I felt uncomfortable with the purchase and decided to withdraw on the purchase. I instructed the bank to stop payment and called the agent that I wish to withdraw from the purchase.

However the agent did not agree to my request and insisted me to proceed with the purchase. I am required to issue another cheque to the agency company again or else, I may be charged in court.

Am I liable to proceed with a transaction I do not wish to continue?

Problematic tenants

chooee — Mon, 18 Nov 2013 21:09:13 +0800

Hi all,

If your tenant call you to delay paying rental, what would be your patience or tolerance limit? How many months would you allow tenant to delay payment? 1 month or 2 months?

Potential 2nd hand property

chooee — Sun, 17 Nov 2013 17:56:13 +0800

Hi all sifus here

I saw a property tenanted but quite reasonably priced and would like to buy for investment. The problem is the seller had rent it out rather too cheaply and signed a tenancy for another 3 Years. Would I be bound to continue with the below market rental given by the seller after ownership is transferred to me?

What would be an acceptable rental yield if you have to borrow 80% loan to buy the property?

Declaring your rental income

chooee — Sat, 16 Feb 2013 12:07:44 +0800

Hi,

This might have been discussed somewhere in the forum.

Would appreciate advise from sifus here how you declare rental income from your properties.

I am holding the properties under my name personally.

Do I declare the income on gross rental or should I net off expenses related to the properties e.g. maintenance fees, quit rent, assessments, interest expense for income tax purposes?

Thank you.

Booking Fee

chooee — Mon, 28 Jan 2013 12:29:08 +0800

Hi,

I would like to post this question to all, appreciate your answers.

I have lost once and now I may lose another time. So sad, very expensive lesson.

Investing in a serviced residential apartment

chooee — Mon, 28 Jan 2013 08:58:51 +0800

Hi all,

Need to get advice from all the sifus here. I've just make a booking for a service residential apartment yesterday (Elemen @ Genting Highlands). Selling @ RM840psf with gross rental yield of 7% p.a. Total project has about >800 units consist of 6 to 7 blocks near First World Hotel.

Is this a good investment ?

Q1. Is it easy to get out/flip for such properties after completion (service residential apartment) and in places like Genting?

Q2. Is there a cooling period for investors to get out after booking and get back their refund? Is there laws to protect buyers?

Thank you and appreciate your advise.