Lowyat.NET: Latest topics by Agent 592

DIsbursement more than 3 months, advice needed!

Agent 592 — Wed, 04 Jan 2017 07:26:57 +0800

Signed the SPA for my first house in September, in the SPA there's a clause that I shall pay the balance sum within 3 month with 1 month extension. extension comes with 10% interest p.a.

Are there any way that I can avoid paying the 10% interest since it is not my fault that the loan disbursement is taking so long (I have yet to find out why it is taking so long since it is a freehold property).

Please advice, really has got no experience dealing with such issues. Thanks a lot.

Renovate studio

Agent 592 — Mon, 15 Apr 2013 09:24:04 +0800

Isit possible to renovate a 420sqft studio into 2 rooms? Do I need to seek consent from any party?

Opening saving account

Agent 592 — Fri, 22 Feb 2013 12:15:49 +0800

Wanted to open a saving account in H Bank got reject because address in my IC is from outstation (currently working in KL), requested me to bring utility bill to prove that I stay nearby, but I can't as I am renting a room and landlord never appear (We TT rental to him monthly). So what can I do? Just wanna open a saving account, never thought it can be this complicated

Passive Income from Dividend

Agent 592 — Fri, 18 Jan 2013 16:54:47 +0800

Hi, just curious how feasible to actually accumulate passive income through stock in KLSE? Let's say 10k per month. If anyone have done it or is doing it, let's share your journey and experience. How long does it take you to get enough passive income to retire?

Property Sector Stock

Agent 592 — Tue, 08 Jan 2013 08:53:12 +0800

Hi guys, anyone has insights on analyzing property counters (fundamental analysis)? I find that PE, EPS, PB, NAV even PBT and profit margin also can't really denote the value of the stock due to the nature of their business. SO any sifus here has any suggestion or can you share some of your experience? very much appreciated

Investment newbie with interest in Property

Agent 592 — Fri, 28 Dec 2012 10:11:36 +0800

Hi all, need to gather some opinions and different perspectives on what investment strategy should I use, below are some information about me

Age: 23
Monthly salary: 2.4k
Savings: 20k
Emergency fund: 10k

No monthly commitment (does not own card nor credit card)
Insurance premium: 3k per annum

2013 goal: generate 3k/annum or 300/month through investment

Heavily interested in properties

Investment options:

1) Invest in properties below 200k and rent it out

2) Invest in REITs and property stocks

Which options do you think is more suitable for my situation? I am also open to other suggestions.

And if you don't mind, can share how you start your investment journey too, looking for mentor and inspiration.

note: Not asking to be spoon fed which property or stock should I pick, just want more advice which road is better. Will do own homework. No worries.

Property Developer

Agent 592 — Fri, 21 Dec 2012 16:14:08 +0800

Anyone work in property development firm? Hows their salary like generally? as high as banks and MNCs? or more like those chinaman corporate (low pay)?Or anyone can share your experience when you work in development firm

[addedon]December 21, 2012, 4:38 pm[/addedon]or anyone with friends or heard of some rumors/gossips/news about anything regarding working in development firm can share here too. Really keen to find out about this industry

Interested in becoming real estate negotiator

Agent 592 — Wed, 19 Dec 2012 14:13:30 +0800

1) Can I become real estate negotiator without a car?

2) I know it is not necessary to get a license, but if I want to get a license I need to study and pass 2 written exams then attach to an agency for 2 years and pass the assessment, right?

3) Can I self study the course while working in my current job while saving money to buy car (without being an agent during this period)?

Advice is much appreciated

Need clarification on positive cash flow

Agent 592 — Mon, 17 Dec 2012 08:07:50 +0800

When you say positive cash flow does it mean like: monthly installment 1000 then rental 1200, so positive cash flow= 200 per month

Or do you put in maintenance fee, utility bill, occasional repairing work (pipe burst, door lock etc)? let's say all of these cost 300 per month

If maintenance those are included then the property will generate 200-300= -100 cash flow.

So can someone enlighten me, when people say a property generate positive cash flow, do they take into account maintenance fee those, or they just take rent- instalment?

And looking at the current property market, how common is cash flow generating property?

And I kinda notice there are quite alot of middle eastern and african in MANY rental properties nowadays, is it feasible to rent to them? Can anyone with experience renting to those 'expat' share their experience?

Fresh Grad Dilemma

Agent 592 — Mon, 10 Dec 2012 09:39:20 +0800

Hello fellow forumers,

I am a fresh grad who has been stalking this forum for quite some time. Interested in investing in properties but I am facing a dilemma here, and HOPE that all sifus here can give me some advices.

I have monthly income of 2k+ (lower than 2.5k)
manage to save 1k per month
planning to invest in property
savings 20k

I wanted to invest in property but it doesnt seems possible to me at this moment or am I just being too pessimistic? because I can only get loan of maximum 250k but house prices now are like way off the chart. Are there any low entry cost strategies that I can use to get into the game?

And I do not own a car, so if i invest in property that is not near to any train stations, would it be hard for me to manage it? and manage the tenant? Or should I buy a car first?

Advice is much appreciated. Thank you in advance.