Property in Malaysia for sale and rent | Buy, Rent and sell real estate and homes

thanks for the info

Hi.....

I bidded for one property which had a market value of RM80K for RM55K. That is slightly more than 30%. The rental for this property now is RM480.00 per month. If I put RM55K in the bank, I only earn about RM1,650.00 per year. Now I earned about RM5760 per year.

I do not encourage my bidder to go for very very expensive properties. The most important thing you must remember is when the economic is slow, you must make sure you are able to pay the monthly instalment.

Unless you are buying with Cash, then any properties below market value will do. Then again, you must also make sure there is a tenant, as some properties, require you to pay maintenance. No tenant, means liability.

Thank you.

Regards,
Mdm Koo

Wow, Mdm Koo, that is amazing. That's a rental yield of over 10%. Was it freehold?

Do you think you can buy properties over RM500k that give that kind of rental return. I know it's expensive but I'm a foreigner so I can't buy below RM500k.

I'd be really interested in buying something with your help if you can figure out a way of getting those rental returns for the RM500k+ market.

Surely Johor has good rental returns if you rent to Singaporeans? I'd really be keen on investing. What do you think?

Everyone has explained the benefits of buying auctioned properties i.e. cheaper.
Does anyone know the risks ? I believe there are quite a few :

1. You are buying on an as-is-where-is basis
2. Often, you will not be able to visit the property as the owner/occupant will be hostile - effectively they are being evicted !!!
3. No recourse if you are not able to transfer the property to your name.
4. No time to arrange financing as 10% is payable on the fall of the hammer and no refunds

Best if you seek some expert legal advise before proceeding into auctioned properties.

Furthermore, there is the matter of the agent's fee. I am not sure if they are able to collect from the vendor, whereby you may be expected to bear this cost.

Good luck & regards

thanks..helps

Prasad....wat do u mean by '3. No recourse if you are not able to transfer the property to your name.'?
Can u xplain abit as i m very much interested in Auct Prop.
TQ.