Lowyat.NET: Latest topics by Zicoras1

Stocks To Target for Next Year Rebound from Covid

Zicoras1 — Sun, 06 Dec 2020 15:08:43 +0800

So what kind of stocks will benefit from the ending of the pandemic?

I missed the glove boom and only managed to score on GHL Systems

Convert House to Student Accommodation

Zicoras1 — Fri, 24 Apr 2020 15:11:02 +0800

Hi, any one of you ever done this before. I am looking to convert my double storey house for this. Any advice or you have a contractor who has done this before. Thanks.

Student House Renovation

Zicoras1 — Fri, 24 Apr 2020 15:03:48 +0800

Hi, I would like to renovate my house to become a student accommodation please pm me if you have experience in doing this. Thank you.

What Property To Buy with 22k Down-payment

Zicoras1 — Thu, 09 Apr 2020 08:59:43 +0800

Hi due to Covid 19 I will have 22k from EPF withdrawal and rental payments (As I don't have to pay the bank loans for 6 months). So what kind of property could I buy with that?

I am also highly leverage individual with 5 current property loans, a car loan and two credit cards with outstanding balance

I run my own business but the business is only 9 months old.

Even if I do get a loan my eligibility will be 70% or less.

So is there any property out there for me?

Thanks.

Regalia vs Summer Suites vs Parkview for Airbnb

Zicoras1 — Sun, 06 Jan 2019 20:54:11 +0800

Hi,

I am thinking of venturing into doing Airbnb on my own. From the Airbnb website these 3 condos seem to very popular.

Which condo should I start of with? Any pros and cons?

I plan to eventually grow from one unit to 5 units by the middle of the year.

Thanks.

ERA VS SAVIO DUTAMAS

Zicoras1 — Thu, 11 Oct 2018 13:50:38 +0800

Hi all,

I have only went to ERA show house not SAVIO. I am 80% sure of placing a booking at ERA. Though I would to do a final check before placing booking. If anyone has done a comparison between the two mine sharing.

Thanks.

Airbnb & Homestay Business Which Condo Suitable

Zicoras1 — Sun, 02 Sep 2018 11:37:41 +0800

Hi. Which condos in KL still good to rent from owners and try out airbnb? What is the minimum lease that owners will accept to try out this concept out? Any condos that have banned Airbnb that I need to be aware off?

Thanks

T-Junction House

Zicoras1 — Wed, 24 Jan 2018 12:54:33 +0800

Hi All, for the past 2 weeks I have visited this T-junction house 3 times. Owner wants to desperately sell. Auction imminent based on the red notices in the mail box.

The main positive is clean cashback of RM150K if you markup. I checked the value with 3 bankers.

Though I am curious why the next door neighbor who is Chinese is not interested. Would not want to buy to expand his house or die die Chinese will never buy T-junction?

Cause I am also looking at reselling it 6 to 7 years down the line. The house has been on the market for the past 3 months so this place is tough to sell to prospect. So my little voice is telling me later want to sell will be tough too.

Your opinions appreciated.

Thank you.

Creative Ways for Property Lending

Zicoras1 — Fri, 24 Feb 2017 13:09:12 +0800

Hiya,

As the loan guidelines become tougher what ways have you all found out to get financing. I will just share what I have done and what I have been informed by others but never done.

Me.

1. The classic method mark up loan to get cash back. Two booking forms. One agreed price and the other mark up price

2. EPF withdrawal

3. Share with siblings to buy property but since they can get 90% loan my name not on SPA or loan agreement

4. Need a credit card with 40K limit can get those quick 1 to 3 year loans to pay 10% booking. Must be flat interest. Can range from 4.9% to 8%

5. Borrow from father with a five year payment usually have to extend tenure

Other Methods Heard But Never Done

1. If Bumi can get ASB Llan

2. Transfer properties to company then CRIS does not show on personal individual record

3. Multiple loan submissions

4. Enter into JVs with other people not family

5. Buy one of those cashback properties

Anything else?

Should I Exit a Property Now if Maintenance is Bad

Zicoras1 — Sun, 22 Jan 2017 10:56:57 +0800

Hi all just to get your opinions. 3 years ago I bought a property walking distance to an MRT. Its a new property. I am renting it out to students. I break even after minus maintenance, quit rent and loan.

Last year I became a part time real estate negotiator so during that time I saw a number of good properties near LRT that barely goes up in value after many years due to two issues bad maintenance and wrong group of tenants populating the condo i.e. Africans/ Bangladeshis and etc.

Current Issue:

1. As my apartment is near colleges 1/3 of the residents are students. Weekly there are many issues from vandalism to lack of etiquette.
2. The developer did not do a good job. Once JMB is formed it will be a messy fight with developer to ask them to fix many of the issues left behind by them.

So right now if I exit I think I can get 70K net profit. Also there is a potential the apartment can become better if JMB is strong. Also since I bought at 300k+ capital appreciation several years from now could even cross 500k. Every other condo and apartment in that area is launching at 500k and above.

Sell or Hold?

Your opinions appreciated.

Thanks.

Auction Property Bankers

Zicoras1 — Tue, 04 Oct 2016 19:40:40 +0800

Hi all, planning to bid on auction property. Any bankers familiar with the process for this. My regular bankers cause they say time frame 90 day too fast.

Tq.

Developing a Malay Reserve Land

Zicoras1 — Fri, 01 Jul 2016 15:37:40 +0800

Hiya, I have been an investor for a decade now. I have invested in residential properties, several of them Malay reserve lands and made 150% returns after 5 years which is decent since the entry cost was not that high. Location is still the key.

I have recently bought a 1.75 acre Malay reserve land in Hulu Langat on the main road.

How do I make the transition to become either a developer or sell it to the developer.

1) Do I just approach a developer that is also already developing a reserve land. I have seen many properties now being developed on Malay reserve land. A lot of Chinese developers are also doing this as long as the location is right.

2) Put an ad in the papers asking for interest.

3) Do I have to convert the land first. How do I do this?

Your inputs are appreciated.

Thank you.