consider location, example, i found a new project which at a very good location, and there is not other options around that area, is workmanship important for you to consider compare to location, also the carpark has 10 level, there is no any ramp to go down directly, how you will consider this concern for investment purpose? The project I am looking is "Paragon Gateway JB"
Correct me if I'm wrong here. Isn't this kind of investment makes the housing price becoming ever more expensive & unaffordable to most of us? It seems like if one person can buy 8 houses, then how to balance the supply and demand?
Sometimes ask yourself, he bears quite a lot of risk, and all the commitment. And Tennant have the freedom to move to other cities. We like to think landlord earn a lot, he earn lah, but a lot make a meagre living, some can't even pay the installment with the rent.
@@MrBoliao98 I mean ya, he did take risk, but market move whenever a landlord get their keys. Even the landlord fail to pay or goes bankrupt force sell, market already move up and up which for us low income guy just wnt to purchase a new home for family getting harder and Harder. Don't get me wrong, rental market is good he follow it. But in the long term, God know his or our grand grand children can even afford one, they have to force to live with their parent because they can't afford to buy a house. Perfect example is like hong kong, rich guy getting greedy and bought majority of the house and force citizen live inside a cage lol
Thanks for the video! But I think the title is a bit misleading - no part did you list out all the 8 properties you bought, or even expand on HOW you were able to do so. I think the title suggests you were going to go into the financing of the 8 properties, how you can manage it despite income of X and key considerations when venturing into multiple property ownership I think sensational titles ought to be balanced w content. Else, you run the risk of wasting your viewers time and reducing credibility :)
Congrats! Bro you made it, I remembered purchasing a house last months paid in cash. While watching this video I feel very proud of who I am and what I've accomplished. I'm glad I made a wise financial choice that changed me.
Congratulations! I'm motivated, and I'm also saving up to buy a house, so this means a lot to me right now. Would you mind sharing some advice on how to increase my income?
@@peteranderson5714 Here are some tips that helped me. 1. Plan towards it 2. Be frugal and minimal on spending (don't buywhy you don't need ) 3. Save money towards retirement (Roth IRA/401k) 4. Build an emergency fund 5. Save to invest, this is the most important because it's a proven way to get richer. Very important to financial success.
Your sharing definitely open my eyes especially on how to locate the best location to buy a house. Never thought that McD is one of the criteria and I think it's pretty smart. Thanks for sharing! 😊
appreciate if you could share how you finance the 8 properties, paying the installments, the rental yields, and actual capital gain to evaluate if it is worth the investment. Have seen a lot of people doing this, but this strategy is exhausting to manage so many properties, should it rather focus on those high-value properties that have better capital return.
Thank you so much for making this video! I just bought an apartment here, bayu apartment and in the middle of renovating and waiting to rent it out once mrt starts. I now feel much much confident with my unit and goals after watching this!
Thanks for sharing! very down to earth. And it’s a different take from what “well to do” people usually advice. Thanks for the insight and information. I love watching your videos. 😀
You can ask people not to buy low cost n stuff but those T20 or mega rich are still gonna purchase it regardless what you said.. unless govt do something about it
Curious on whether you rented out these units bare or furnished. My parents live about 5mins from this place and I am also looking at buying in the area. I currently have 3 properties in my portfolio - all outside of Damansara Damai.
Hi, I'm interested in your video sharing. Would you share your thoughts on whether it's better to rent out your property to generate a fixed monthly income, or to register it as a homestay/Airbnb (similar to a hotel) since many property owners nowadays prefer to turn their property into a short-term stay rather than simply lending it out? ( Btw thank you for your sharing)
If you run an Airbnb you need to have a solid strategy to market your unit out. This is because to run a successful airbnb your location have to be strategic and strong target audience. Also not to mention the unit in strategic location won't be cheap. if your financial is stable then you can go for airbnb. It always depends onn your financial situation, if you want to have a stable cashflow, go for traditional renting. Let's say if your airbnb is strategic and you ace it, you'll make more than traditional renting. 10x-30x. for example, renting your airbnb out 250 per night, 20 nights consecutively will make you RM5k and that's enough money to cover the 35 year loan term + inflation HAHA.
Thank you so much for inspiring. Would you mind sharing how did you managed to save for the down payment and other fees to purchase the properties? I would love to invest in properties too, but saving up for these fees takes time and property prices are increasing too.
what is your exit plan for these 3 similar properties tho? if you were to sell it (without dropping much of the price), do you think there is any potential buyer? :)
Though I am no longer investing in medium cost apartments, I still believe the strategy still works in the long term. From 1998 to 2005, I had purchased 8 such medium cost apartments. It took 10-15 years for the price to increase (INFLATION) 2X - 3X. Patience is the key. There are hard working, honest people at that economic level to rent these apartments and who will pay rent on time. They helped with maintenance also 🙂ie. fixing minor issues. Over 10-15 years, I had only 2-3 bad tenants who did not pay rent and I had to vacant them. This is probably the hardest task in property investment.
My bro in law also managed to buy 7-8 of this with 2 shoplot. Last i heard banks keeps calling him for overdue payment and almost getting foreclosure on some of his props 😅
It’s Serasi Residence by Sime Darby. First phase of as sold out within an hour from launch 🥹🥹! Do check it out and maybe put ur name on waiting list so u get notified when they launch the next phase bit.ly/serasiresidences
You all stupid people say because of him you all cannot afford to buy house. Work harder and smarter la. I 1 month save RM1k, after 4 years around RM40k . Use it to pay 20% down payment for RM170k (2023) in saujana apartment. Installment RM690 maintenance RM100. Rental RM800 still got positive RM10 cash flow. Now planning to buy 2 more. Save another RM40k buy 1 and take a cash out loan for another. Damansara Damai here really good investment.
No one would buy these rundown properties unless below RM200k, so future capital appreciation is out the window. Even if you're able to rent out at 8% yield per year (very unlikely), it takes 12.5 years to break even. When you're down to 5% rental yield, there's no point to own this kind of property as investment (without appreciation in value) because you can easily get similar returns on bank deposits (zero effort & risk free). Imagine the nightmare of owning 8x units and dealing with problematic tenants, repairs & additional expenses. You can only get yourself into a miserable situation. You invest in order to have a better life, not the opposite.
Rough financial patch but has multiple housing property to be able to rent out🤔 Went back to the first property bought and talk shit about it making those living there feel bad. bought another 2 anyway. I used to follow this channel closely but....
Buy an expensive property as investment is not good at all because, they may forget there a lot people still search for basic living with affordable rental
Buy high value house or expensive house is the best investment {provided your could afford it}, this house will given you smart return on investment, very high rate two digi and in very short span of time due to location , status, security and convenient well known to oversea business groups.
Buy 8 properties that include low cost one? That’s greedy bro. I know u can earn more with income with renting out but 8 properties but u need to consider other people with families that want to buy low cost house. Majority of rakyat today struggle to buy low cost home n most of the developer doesnt give a shit about low cost home😢. We are so going to be like hong kong in the future because of people like this. We need more strict rule like Singapore. We need a new law that control properties investment especially low cost house.
Hi Walter to answer it question. It’s not low cost properties. There low cost ones around that area. These are “middle cost” propertie, that are badly maintained.
We wont be like Singapore because the demand here is so much lower. I am a PR in Singapore and own 4 units there Here I own 3. Huge differences exist in demand for rent and also sale. SG is land scarce. Moreover here there are differences between KL and a small town for e.g Bear in mind also that laws differ when it comes to Tenants and landlords. In Singapore you can break in or lock tenant out if they are late in paying rent even by 8 days. Here you cant. Laws are more in favour of landlord there
Every guru is talking about positive cash flow investment, pls someone talk about the income tax aspect too. If u have 8 positive cashflow property, then u r probably paying 26% income tax. It mean ur ROI is 26% lesser not?
What about your other 5 properties? Part 2 ? 😄 It's more human unlike some property guru claim to buy how many hundreds of houses. If would be good to include MOF of the houses and how u finance them etc. 3 house onwards MOF 70%.. but wait.. you be going overboard to property guru tuber...
Exploitation of Working People in MY. This man should be taxed on Stamp Duty for every 2nd home purchased. So Many orang cina in this Business and not renting to orang biasa dan ugama lian. Hmm. No interest relief for individuals and tax rental income higher than earned income. Blast these persons who can let loans from C Banks. Forget renting and MY needs a Rental Legislation to curb short term lets to Air B,,, and rent caps.
Oh btw, the new launched property that I mentioned is by Sime Darby Property 🏠:
Checkout the link here👉bit.ly/serasiresidences
consider location, example, i found a new project which at a very good location, and there is not other options around that area, is workmanship important for you to consider compare to location, also the carpark has 10 level, there is no any ramp to go down directly, how you will consider this concern for investment purpose?
The project I am looking is "Paragon Gateway JB"
good you are making our life more suffer by pushing property price up.
Correct me if I'm wrong here. Isn't this kind of investment makes the housing price becoming ever more expensive & unaffordable to most of us? It seems like if one person can buy 8 houses, then how to balance the supply and demand?
Not all individuals are equipped with such skills and the execution of ideas.
Yes that is why landlord is a 0 contribution but high earning profession.
Sometimes ask yourself, he bears quite a lot of risk, and all the commitment. And Tennant have the freedom to move to other cities.
We like to think landlord earn a lot, he earn lah, but a lot make a meagre living, some can't even pay the installment with the rent.
@@MrBoliao98 I mean ya, he did take risk, but market move whenever a landlord get their keys. Even the landlord fail to pay or goes bankrupt force sell, market already move up and up which for us low income guy just wnt to purchase a new home for family getting harder and Harder. Don't get me wrong, rental market is good he follow it. But in the long term, God know his or our grand grand children can even afford one, they have to force to live with their parent because they can't afford to buy a house. Perfect example is like hong kong, rich guy getting greedy and bought majority of the house and force citizen live inside a cage lol
No worries.. our supply are still much more than demand.. we need ppl like him to reduce overhang projects for a healthier real estate market
Thanks for the video! But I think the title is a bit misleading - no part did you list out all the 8 properties you bought, or even expand on HOW you were able to do so. I think the title suggests you were going to go into the financing of the 8 properties, how you can manage it despite income of X and key considerations when venturing into multiple property ownership
I think sensational titles ought to be balanced w content. Else, you run the risk of wasting your viewers time and reducing credibility :)
Congrats! Bro you made it, I remembered purchasing a house last months paid in cash. While watching this video I feel very proud of who I am and what I've accomplished. I'm glad I made a wise financial choice that changed me.
Congrats you definitely need a load of money to own a house, you did it!
Congratulations! I'm motivated, and I'm also saving up to buy a house, so this means a lot to me right now. Would you mind sharing some advice on how to increase my income?
@@andreblechynden4578 thanks
@@peteranderson5714 Here are some tips that helped me.
1. Plan towards it
2. Be frugal and minimal on spending (don't buywhy you don't need )
3. Save money towards retirement (Roth IRA/401k)
4. Build an emergency fund
5. Save to invest, this is the most important because it's a proven way to get richer. Very important to financial success.
Your sharing definitely open my eyes especially on how to locate the best location to buy a house. Never thought that McD is one of the criteria and I think it's pretty smart.
Thanks for sharing! 😊
appreciate if you could share how you finance the 8 properties, paying the installments, the rental yields, and actual capital gain to evaluate if it is worth the investment. Have seen a lot of people doing this, but this strategy is exhausting to manage so many properties, should it rather focus on those high-value properties that have better capital return.
that's the secret recipe
Lower priced housing area like flats and apartments are better for investments as they are easier to lease out and collect rental from
Thank you so much for making this video! I just bought an apartment here, bayu apartment and in the middle of renovating and waiting to rent it out once mrt starts. I now feel much much confident with my unit and goals after watching this!
Glad it was helpful!
Thanks for sharing! very down to earth. And it’s a different take from what “well to do” people usually advice. Thanks for the insight and information. I love watching your videos. 😀
Thanks for sharing these tips.. I was having these idea actually, but not sure is the good idea to go ahead.
Now i am clear...
Love that McD tip! Definitely a good hack. Would love to know about watch investing if you do that. I see you sport a Tudor Black Bay :-)
Please don't make low cost property for investment purposes, there are more people who need it more than us.
Uhm. This is not a low cost property. It’s actually a middle cost but low end walk up. Something like subang perdana good year court.
You can ask people not to buy low cost n stuff but those T20 or mega rich are still gonna purchase it regardless what you said.. unless govt do something about it
no, it's not low cost flat, an individual only able to purchase 1 low cost flat, that's the rule govern by the authority. maybe you're not familiar.
@@thats.minyoung state govt's consent is required for leasehold low medium. Cost walk up apartment subsale. For example income per month max rm5k. Etc
@@MrMoneyTV this raj think we are living in communist country.. hahaha.. this is capitalist country. we are free to buy anything legal
Curious, are your tenants good paymasters and help look after your units? Thanks for sharing btw. I agree the McD is a smart indicator.
How do you resolve the maintenance issues for each property? Do you have like a dedicated contractor you rely on?
Curious on whether you rented out these units bare or furnished. My parents live about 5mins from this place and I am also looking at buying in the area. I currently have 3 properties in my portfolio - all outside of Damansara Damai.
My dream life…
bro I wanna be like you man
how come u able to buy 3 low cost that are build for B40?
What do you think of Sunway Jernih Residence? Is it a good investment for rental?
The title and your content doesn't sync. How I bought 8 properties vs what to look out for the properties. What a click bait man.
Hi, I'm interested in your video sharing. Would you share your thoughts on whether it's better to rent out your property to generate a fixed monthly income, or to register it as a homestay/Airbnb (similar to a hotel) since many property owners nowadays prefer to turn their property into a short-term stay rather than simply lending it out? ( Btw thank you for your sharing)
If you run an Airbnb you need to have a solid strategy to market your unit out. This is because to run a successful airbnb your location have to be strategic and strong target audience. Also not to mention the unit in strategic location won't be cheap. if your financial is stable then you can go for airbnb. It always depends onn your financial situation, if you want to have a stable cashflow, go for traditional renting. Let's say if your airbnb is strategic and you ace it, you'll make more than traditional renting. 10x-30x. for example, renting your airbnb out 250 per night, 20 nights consecutively will make you RM5k and that's enough money to cover the 35 year loan term + inflation HAHA.
Before investing should set a clear goal!
Thank you for inspiring story, may i know , how u rental the home? as per room or head etc. thanks
terbaik mr money tv!
Thank you so much for inspiring. Would you mind sharing how did you managed to save for the down payment and other fees to purchase the properties? I would love to invest in properties too, but saving up for these fees takes time and property prices are increasing too.
what is your exit plan for these 3 similar properties tho? if you were to sell it (without dropping much of the price), do you think there is any potential buyer? :)
Dont think he will sell it since it generates guaranteed rental income. Will be passive income for future retirement after loan fully paid.
Though I am no longer investing in medium cost apartments, I still believe the strategy still works in the long term. From 1998 to 2005, I had purchased 8 such medium cost apartments. It took 10-15 years for the price to increase (INFLATION) 2X - 3X. Patience is the key. There are hard working, honest people at that economic level to rent these apartments and who will pay rent on time. They helped with maintenance also 🙂ie. fixing minor issues. Over 10-15 years, I had only 2-3 bad tenants who did not pay rent and I had to vacant them. This is probably the hardest task in property investment.
One big thing to consider to buy this kinda property is that it's leasehold n no invidual title. Bttr think twice before u wanna consider buying.
From the 3 that you bought? Does it cover maintenance fee and maintaining the interior of the house? And can you sell it with profit?
By promoting Quantum Metal?
Even this video is paid content what do you expect 😂😂
Maybank gold is the way to go
What kind of factors do you consider to see if you can guarantee steady rental / like you are confident that that person can pay the rental?
My bro in law also managed to buy 7-8 of this with 2 shoplot. Last i heard banks keeps calling him for overdue payment and almost getting foreclosure on some of his props 😅
Hi. Mind sharing the collapse of two banks in the US and what the implications are for the average financially aware Malaysian?
Buy taman midah - prisma perdana... Dam worth it. Got all 3 items and bonus ada hukm. Banyak docs and nurses here.
Awesome!
Great job !
I am interested to know if you have 8 properties,how do you get around the DSR and LTV of 70-75%? Bought under personal name or else? Thanks
Thanks for sharing.
nice tips!
Do u rent by room or whole house to cover the bank instalment?how about the maintenance fee?still been cashflow positive?
How to afford all the downpayments needed?? I can't imagine owning 8 houses. Is this actually a "just be rich" moment?
So super amazing ❤
Thanks 😄 ❤️❤️❤️ i learning from u
@@MrMoneyTV I’m no longer relevant bro
How much do you need to start on investments like this for houses...
Which project has this ward winning architect?
It’s Serasi Residence by Sime Darby. First phase of as sold out within an hour from launch 🥹🥹! Do check it out and maybe put ur name on waiting list so u get notified when they launch the next phase
bit.ly/serasiresidences
Waiting for part 2
i can't catch the quote how did he buy 8 properties in 8 years.
sorry.
Damai area is slum and full of foreigners indeed the demand is high. Get a good tenant is luck for budget houses like this
You all stupid people say because of him you all cannot afford to buy house. Work harder and smarter la. I 1 month save RM1k, after 4 years around RM40k . Use it to pay 20% down payment for RM170k (2023) in saujana apartment. Installment RM690 maintenance RM100. Rental RM800 still got positive RM10 cash flow. Now planning to buy 2 more. Save another RM40k buy 1 and take a cash out loan for another. Damansara Damai here really good investment.
No one would buy these rundown properties unless below RM200k, so future capital appreciation is out the window. Even if you're able to rent out at 8% yield per year (very unlikely), it takes 12.5 years to break even. When you're down to 5% rental yield, there's no point to own this kind of property as investment (without appreciation in value) because you can easily get similar returns on bank deposits (zero effort & risk free). Imagine the nightmare of owning 8x units and dealing with problematic tenants, repairs & additional expenses. You can only get yourself into a miserable situation. You invest in order to have a better life, not the opposite.
Avoid condo at all cost. Won’t increase much value
The availability of a McD nearby... I never thought that would be a good indicator related to property. 😂
funny, my familys house is literally next to mcd, shell and walking distance to lrt putra heights😂
May I know, what is the core of your most investments?
Rough financial patch but has multiple housing property to be able to rent out🤔
Went back to the first property bought and talk shit about it making those living there feel bad. bought another 2 anyway. I used to follow this channel closely but....
Buy an expensive property as investment is not good at all because, they may forget there a lot people still search for basic living with affordable rental
Buy high value house or expensive house is the best investment {provided your could afford it}, this house will given you smart return on investment, very high rate two digi and in very short span of time due to location , status, security and convenient well known to oversea business groups.
Hahahaa luckily you still survived bro
Near university is a better choice
Where are the other 5 properties?
Good tips but still need quite some money la 😅😅
Auto play showed you flapping with your hands and i thought... yes. I want to hear what he is saying ❤ HELLO 👋
Buy 8 properties that include low cost one? That’s greedy bro. I know u can earn more with income with renting out but 8 properties but u need to consider other people with families that want to buy low cost house. Majority of rakyat today struggle to buy low cost home n most of the developer doesnt give a shit about low cost home😢. We are so going to be like hong kong in the future because of people like this. We need more strict rule like Singapore. We need a new law that control properties investment especially low cost house.
Hi Walter to answer it question. It’s not low cost properties. There low cost ones around that area. These are “middle cost” propertie, that are badly maintained.
Low cost properties are 60k and there are rulings for it. These are just walk up apartments like subang Goodyear court 😅 it’s a huge difference
We wont be like Singapore because the demand here is so much lower. I am a PR in Singapore and own 4 units there
Here I own 3. Huge differences exist in demand for rent and also sale. SG is land scarce. Moreover here there are differences between KL and a small town for e.g Bear in mind also that laws differ when it comes to Tenants and landlords. In Singapore you can break in or lock tenant out if they are late in paying rent even by 8 days. Here you cant. Laws are more in favour of landlord there
Only if your tenant pays you rental la.
The world is not so Disney ......most of the time.
Every guru is talking about positive cash flow investment, pls someone talk about the income tax aspect too.
If u have 8 positive cashflow property, then u r probably paying 26% income tax.
It mean ur ROI is 26% lesser not?
I told 40 of my friends, let's take a shot everytime he says "property". I am the only one left.
rich ppl buy 3 flats not ethical lah
What about your other 5 properties? Part 2 ? 😄 It's more human unlike some property guru claim to buy how many hundreds of houses. If would be good to include MOF of the houses and how u finance them etc. 3 house onwards MOF 70%.. but wait.. you be going overboard to property guru tuber...
Exploitation of Working People in MY. This man should be taxed on Stamp Duty for every 2nd home purchased. So Many orang cina in this Business and not renting to orang biasa dan ugama lian. Hmm. No interest relief for individuals and tax rental income higher than earned income. Blast these persons who can let loans from C Banks. Forget renting and MY needs a Rental Legislation to curb short term lets to Air B,,, and rent caps.
How you purchase so much property that already hits your 90% quota ? How do you manage it ? Or you just ignore the 90%
🗒
Yr 1st property...eeeeeeeee....so horrible