ASKING SEAN
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- čas přidán 28. 08. 2024
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In this episode, we will discuss when this audience should prepare and purchase his 2nd home. That depends on several factors:
- Is the first property used for investment or own stay? That will affect the DSR calculation as rental can be declared as income.
- Is it a new property or a subsale?
I have also shared on how usually property investors maximize their DSR by renting a house, also how we should leverage on the current opportunities before the policies will be changed.
Your tax deduction point is interesting. Technically you need to be aware that your expenses will rise significantly as you age if you play the 'collect properties' game. You won't be able to deduct much tax. So 20-30 years in the future you could save way less or have more taxes to pay.
Well paying tax is never a problem when we are making money right? Anyway, thanks for sharing.
i just thinking to email u asking how to buy a second house while here its, last sunday i just sign SNP, because i was inspired and learn alot from your channel. Thanks again !!
Hahaha. Well thanks to this audience from UK then hehe.
Thanks for watching Yap;)
Question on the matter of taxes, does that mean if I rent out a property at RM1800 (technically income in the eyes of a tax people). If my mortgage instalment is RM2000, does that mean it nets off my taxable rental income in this case?
Still waiting for makeover guys to come to Penang T_T My new house will be ready in Q1 2024, I hope you guys will be here by then.
U must be buying havana or residency hahah, same
@@allen-ef6ku TreeO haha but I have considered ideal residency
I just interested where he said there are plenty of houses completed can cover instalment. I no idea how to find it, most of I get is new projects
New projects with such criteria are challenging to find. Usually it’s found within the subsale market, auction market and bulk purchase route.
New project is a must to avoid it....unless have bulk purchase price....subsale yes agree
@@tanchinkoon unfortunately if cashless, new project might be better way. I do not have contact with bulk purchase
Monthly will need to pay bank interest until the project finish...when get key,still need to pay maintenance fee before getting key.....new project have risk been stop or stuck .....for mine understand only la....not right or wrong,just risk tolerance us difference
@@tanchinkoon Yeap, depends on individuals situation, for investment purpose new project holding dsr quite long but if worth it then can go for that
Hi can do an episode to review Astrum Ampang
hi hi. may i know which bank consider 100% of rental income as an income? as most bank only recognize 80%
This is seasonal yea. It means sometimes they consider 100%, sometimes they consider 80%. It’s not something fixed yea.
Normally bank can allow DSR up to how many percent? Is it possible to reach 70-80%? Also is the DSR calculation based on take home pay (after deduct EPF, PCB etc) gross income?
There is a difference based on income..if salary above 5k some banks may offer up to 80%...dsr is calculated from nett salary after minus ...just Google dsr calculation u will get the formula...
Finally you get yourself a clip mic 👍🏻
I am 29 need a place to stay, should I rent one for stay and buy one for invest, or buy one for own stay. If for investment, is it better to buy property that is ready compare to those that needs to wait few years.
Dude did you not even watch his video?
If im making losses from my property's, do the goverment still charge me taxes?
So there are no rental income to be declared in that case.
Hi sean, how u think about chan sow lin area ?
2:04 very true! thanks
MY Govt is the biggest bugbear to residential property investing for foreigners, for what I feel. The MM2H is a testament to their poorly planned policy that severely lacks coherence.
Not to forget that one of the tenets in real estate is the confidence in the government- to which MY is lacking after a series of political dramas since 2018, intrigues and perpetual kleptocracy.
Perhaps MY residential real estate investing is best left to KL/Georgetown &/or their domestic demand.
Sean you currently already owned 25 properties? 😱
That's the goal. Trying hard to get to half of it soon hehehe;)
@@iherng how did u manage to pay all the yearly cukai pintu, maintenance fees etc for all of your 25 properties? 😮
Is your rental income enough to cover monthly maintenance fees too?😮
Hi Sean, I really hope you answer or provide some advise. I’m 35 this year, looking to buy my first property for own stay. Should go for a place where it is affordable for me yet can potentially land an increase of price later on or should I just go for a place in a location that I like and happy living in regardless of the selling point later on?
Sorry I forgot to say please 😂
This one no answer one o. That would depend on what you want in your life. You want to focus on return and give up your lifestyle or you want to focus on your lifestyle but give up on future investment. At the end of the day, what you need to keep in mind is that your own stay house is an expenses not an investment.
Hi, r u the one selling sky88 in Johor in the past ?
Nope.
Completely starstruck when I saw you yesterday 🤣
Hahaha. Thanks for saying hi!!
@@iherng You look wayyy taller in person! But as hardworking as I’d imagined. Keep up the grind bro 👍🏻
Woohoo
Hehehe;)
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