FIRDAUS BIN KHALID

My Last Post In 2011

2012-01-01T00:00:00.000+08:00

Honestly this year is the best year in my life. I would like to cherish every single moment I had with family and friends. Thanks to all readers and HAPPY NEW YEAR!!!!

Kristal View @ Seksyen 7, Shah Alam

2011-11-10T16:19:00.001+08:00

It has been a long....long.... time since my last post in this blog... Damn bz with my daily routine.. Its kinda bored and frustrating... Lately I'm do a lot of thinking of switch to other company... hahahha... Job hunting and searching for better offer. Its not that easy.... Walk away from my comfort zone... I need to survive in open market which currently very challenging than 4 years ago... Y I said 4 years?? Because this is my fist job since I'm graduated in 2007. Y I'm working in this company??? The answer is easy....I'm bonded for 3 years.... No where to run...hahahhaa...

Properties...oh properties... Since the Big G announced that for the third house I'm only eligible to apply loan 70% of market value.... "Pelangi anganku musnah"...haahhaahah... Too bad... Even tough there are few methods recommended by so called "Properties expert" to overcome this obstacle such as buy a house which way below than MV or find a JV partner which entitle for 90% loan.... My honest opinion is " Its easier said than done"

I aggreed with one of the blogger mentioned that to be a "realistic investor" I need to be paid at a handsome monthly salary.... At least RM6k to RM7k per month... With that amount of money I can save a big portion of it for deposit, downpayment, legel fees, repair works and etc.... She also quoted that most of the millionaire or billionaire made their first million bucks throughout their monthly salary.... Can i acheive that??? Easier said than done...huh.... Need to work hard and smart for it....

Back to the business, below is one of the opportunity for you guys out there to own a good properties at a good location... Easier to get tenant and good resale value.

The details as below

BANK NEGARA PRESS RELEASED: New Measures on Credit Cards to Promote Prudent Financial Management and Responsible Business Practices

2011-04-02T23:56:00.000+08:00

Bank Negara Malaysia wishes to announce new measures on credit cards in continuous efforts to inculcate sound financial and debt management among credit card users. These measures are also aimed to promote fair and responsible business practices by credit card issuers with further enhancements in the cards security infrastructure. With immediate effect, the eligibility requirements for credit cards are revised as follows:

The minimum income eligibility for new credit card holders is set at RM24,000 per annum; For cardholders earning RM36,000 per annum and less, the following would be applicable:
Cardholders can only hold credit cards from a maximum of two issuers.
Existing cardholders who currently hold credit cards from more than two issuers are given up to the end of 2011 to select their preferred issuers. Cardholders will also be given at least two years to service their outstanding credit card debt for the credit cards that have been cancelled for the purpose of meeting this requirement.
The maximum credit limit extended to a cardholder shall not exceed two times their monthly income per issuer.
For existing cardholders, whose credit card outstanding balance exceeds the maximum credit limit, a grace period of two years will be given to them to meet with the new requirement.

Card issuers will engage with the affected cardholders to assist them in restructuring their repayments to facilitate the smooth implementation of this measure. In addition, cardholders can also seek the assistance of Agensi Kaunseling dan Pengurusan Kredit (AKPK) for advice on their debt management.

Responsible Business Practices in Provision of Credit Cards

Credit card issuers are required to adopt fair, transparent and responsible approach in marketing and offering of credit cards to consumers. Issuers are not allowed to increase cardholders' credit limit without obtaining their consent. Issuers are also not allowed to offer a credit advance in the form of cheque payable to the cardholders unless the cardholders have requested for the credit advance.

To facilitate consumers in making comparison and informed decisions, card issuers are required to provide a Product Disclosure Sheet that contains key information on the card's features, fees and obligations of the cardholders. Issuers are also required to display prominently alerts to communicate to cardholders the implications of meeting only minimum and partial repayments. At the end of each year, customised information on how long it will take to fully pay off the cardholder's outstanding balance and the total interest costs if the cardholder only makes minimum repayment will be issued to each cardholder. This will be effective for annual statements issued from December 2011.

Further Enhancements to Credit Card Infrastructure Security

In the effort to further enhance credit card security and to promote public confidence in the usage of credit cards as a safe payment instrument, effective 1 January 2012, transaction alerts via Short Messaging Service (SMS) will be implemented by card issuers for their cardholders after transactions are performed. This will be followed by the implementation of the Personal Identification Number (PIN) verification for all card transactions from 1 January 2015 onwards.

For further information on the new credit card guidelines, members of the public can contact ABM Connect at 1-300-88-9980, the contact centres of their respective card issuers and Bank Negara Malaysia's Telelink at 1-300-88-5465.

Bank Negara Malaysia

18 March 2011

Belaian Bayu Market Value....Is it True???

2011-01-12T09:32:00.000+08:00

Last week there were a young couple and real state agent viewed the unit next to mine. They seem very interested to buy the house...

ME : What is your selling price?

AGENT: RM210 000

Wow!! That is a huge number. Last 2 years I bought my unit only at the price of RM151 000.

ME: Is it negotiable?

AGENT: A bit..

ME: Why the price is sky high???

AGENT: Maybe because the neighbourhood is matured and the public amenities is nearby. Esspecially the new carefour at sek23.

ME: Yes...it make sense.. How much the bank value the house.

AGENT: Around RM215 000..

ME: Wow again.......hahahah... 90% of it buyer will get a loan for RM 193500..Not inclusive MRTA and legel fees...

Thanks to Allah... Me and wife make a wise decision to buy the apartment. Hopefully the price will continue to rise and hit RM250 000.

T. Harv Eker’s JARS Money Management System

2011-01-06T12:21:00.000+08:00

There are a lot of tools or methods out there to assist me on managing my money. I am interested to implement 6 JARS of Money Management System which I found is very useful . Anyone can start using this JARS method of managing their money even though if you think you do not have a lot of money to manage. The key is to develop a habit of managing your money, but not how much money you have available for you to manage. One must get into the habit of managing their own money, and you can start with as low as $1 to begin using this system.

Below are the recipes and ingrediants to prepare my JARS.
*Financial Freedom Account (FFA) = 10%

*Long Term Savings For Spending (LTSS) = 10%

*Education (EDUC) = 10%

*Necessities (NEC) =55%

*Play = 10%

*Give = 5%

Here are how the JARS system works:

*Financial Freedom Account (10%)

Put 10% into your FFA whenever you receive money, such as your salary. You must NEVER, NEVER spend the money that you put inside your FFA account. Any money inside the FFA account can only be used to purchase or acquire passive income streams to grow your money. You may spend the interest acquired from the FFA if you choose to, although it is recommended that you do not. Keep the interest inside the FFA to grow your capital and interest faster. Think of your FFA as the golden mother goose that lays you golden eggs, if you spend the money inside the FFA, it is akin to killing your mother goose that will bring you golden eggs (your riches). Instead, keep the baby geese (FFA’s interest) that the mother goose is giving you, and you can grow more baby geese (your wealth) even faster. As you may already get it, the idea is to create a golden goose! You may prefer to think of the FFA as a legacy that you can leave behind for your future generations. If you are one who believes in the law of attraction, this FFA is actually your money magnet. Keep putting more money into your FFA and attract more $$$ into your life! Put $$$ into your FFA account everyday if you can, even if it is just a penny.

In summary, the time to spend your FFA capital is NEVER! When you stop working, you get to spend the eggs but never the goose!

*Long Term Savings For Spending (10%)

Put 10% into your LTSS whenever you receive money, such as your salary. The money inside LTSS can be used for major expenditure such as savings for your children’s education, buying a house for yourself, keeping aside contingency funds.

*Education (10%)

Put 10% into your EDUC whenever you receive money, such as your salary. You can use the EDUC funds for your self-education, for examples, books, seminars and events etc. Everyone needs to learn, especially in this changing world. Grow your comfort zone through learning and doing. If you are not growing, you are dying!

Take this quote from Ben Franklin: “If you think education is expensive, try ignorance!”

*Necessities (55%)

Put 55% into your NEC whenever you receive money, such as your salary. You should use the funds inside your Necessities account to settle all your essential bills such as phone bills, electricity, clothings, eating, driving, travelling, hair etc. If you cannot survive on 55%, simplify your lifestyle. Instead of driving a car, perhaps you can take public transport, or drive a Honda instead of a BMW. Buy Converse jeans instead of Armani. There are people who cannot live on 55% NEC when they started the JARS system but over time, these same group of people are able to simplify their lives and live on 50% or lesser!

When your usual needs for instant gratification kicks in, think this: “Wealthy people think Long term. Poor people think Short term.”

*Play (10%)

Put 10% into your Play account whenever you receive money, such as your salary. You are supposed to spend this money every month to pamper yourself. The key is to BLOW this Play money away every month so that you will feel good about having money and spending it! You should feel guilt-free when you spend this money every single month. Maybe you go for massages once every month, now you can use this money to really pamper yourself by going twice, thrice or as much as you want. Or you can try ordering champagne during dinner at a restaurant if you do not usually do. Or buy yourself a new gadget. Anything outrageous that you can do to pamper yourself and makes you feel really good. You are recommended to BLOW this money every month. However, if you need to save up for things such as short trips getaways that require a little more money, you can accumulate them up to a few months, say a quarter, before you use them.

*Give (5%)

Put 5% into your Give account whenever you receive money, such as your salary. You can use the money for donations to charities, use it to help someone in need. Giving is important. If you choose to give 10%, take the extra 5% from your NEC and change the % allocated for NEC from 55% to 50%.

P/S: For more info click this link http://secretsofachievers.com/financial-success/t-harv-ekers-jars-money-management-system/

Refinance Your House??? When Is The Best Time To Do It???

2010-12-29T14:57:00.000+08:00

This knowledge sharing was given by Milan Doshi in his best-selling book “How You Can Become a Multi-Millionaire Real Estate Investor!”, The main objective for a property investor refinance their house is to gain their downpayment that they invest earlier. That large amount of money will be beneficial for the next property downpayment and others.

From my point of view, this method is a valuable tool esspecially for small time investor (Gaji Ciput) like me. In order to sustain in property investing I need a pile of money for:

1) Downpayment (Currently LTV only covered 70% for 3rd and onwards property I wish to purchase)

2) Legal Fees (So far Rafida Razak gave the chepest rate, if interested contact me for referal)

3) Repairing works (Only purchase a house which required minor repairing works)

4) Hidden cost that I failed to anticipate ( My bad...poor forecasting)

If you are property speculator, I dont think you will adopt this method.. The reason?? Refer to my previous post -----http://firkhld.blogspot.com/2010/11/who-are-you-property-speculator-or.html. Unlike other returns like Rental Yield, Capital Appreciation, etc., it’s not possible to come up with a number or do an “apple-to-apple” comparison against other investments.

Case Study For Reference

1) Purchase Price = RM116,000 (Sub Sale = Below Market Value)
2) Market Value = RM130,000
3) Manage To get 100% loan = RM117,000 (additional RM 1k in hand)
4) MRTA '+' Legal Fees = RM4,775
5) Total Loan applied = RM 121,775
6) Interest = BLR - 1.8% = 4.5%pa (Terapung nih..bkn fixed)
7)Tenure = 40 years (Coz aku muda lagi...huhuhu)
8) Yearly Installment = RM6,569 or RM547 per month
9) Rental = RM850 per month which is enough to pay the monthly installment and service charges.
10) Hence the Cashflow = Ada la sikit utk anak bini makan....

Assumptions: Interest rate remains unchanged, no rental increase and price appreciation over 40 years

Take a look at how the loan of RM121,775 reduces over time from the Loan Amortization Table below:

There are 2 situations to derive both figures above:

1) I am as Mr. Investor:

In 20 years time, the Net Worth would increase from RM 8,225( Consider as downpayment... padahal dpt 100% loan..hehehe) to RM140,362,62. Meanwhile in 40 years time, the Net Worth is RM 411,713.51. This large amount is generated from twin benefits of property appreciation of 3% pa.

2) I am as Mr. Opportunist:

He is a person which not into properties and afraid taking loans from the bank. He chooses to diversify her RM8,225 into paper assets instead, the 20 years Net Worth grows to :

At 10% pa compound interest = RM 50,303.35

At 12% pa compound interest = RM 70,839.96

At 14% pa compound interest = RM 99,158.07

Conclusion Base on 20 Years
1) Net Worth wise, Mr Investor excellant all the way until the 20th year (Aku tak rase nk simpan rumah nih selama ini...huhuh). His Asset Value after deduct outstanding loan remaining is RM 140,362.62 . Wow!!! That is a huge amount.

2) Meanwhile Mr. Opportunist only chalk up compounded return maximum (14%) about RM 99158.07..

3) Pity to Mr. Opportunist, due to his procrastination and lack of self confident, he has missed the opportunity to become richer RM 41204.55 ( Topup sikit bole beli ZX10 mcm abg donny)

WHO ARE YOU??? Property Speculator OR Property Investor

2010-11-18T09:00:00.000+08:00

I would categorized myself as an INVESTOR. Which one are you?? SPECULATOR or INVESTOR.. Article below will enable you to differentiate who you really are or what are you going to be.

Different between speculator and investor is SPECULATOR makes money only when he/she SELLS an INVESTOR makes money when he/she BUYS.

For example, a speculator buys a RM100K property for RM100K, and hopes to sell at RM120K. An investor buys a RM100K property for RM60K, thus making a "profit" when he buys. He might sell it at RM100K, but usually he sells it at RM90K (leaving "some" profit behind) for the speculator.

In my opinion, I think a property speculator is someone willing to gamble on the unknown in the hopes of making significant gains. A property investor is someone who decides exactly what it is worth (value-wise) and makes a 'safe' property investment in an established place.

Speculators in property have a short time horizon. Most are looking to flip properties & make a fast buck in times when property prices are moving upwards. They typically want to get out within a year or even weeks if possible.

In terms of knowledge, most speculators do not really comb through the property in detail. They have no interest in looking at rental yield, mortgage cost, location, condition, etc, factors most investors are concerned with. As long as they believe a property will move up in price quickly, they will jump into it. In short, most speculators are only looking for a rapid rise in capital appreciation. An investor on the other hand has a longer time frame & spends lots of time reading & researching his/her investments .

Micro & macro economic factors such as:

1) The rental yield & how it compares with comparable units

2) The mortgage cost, whether rental can cover mortgage cost & have some left over for time when units will be vacant.

3) Specific location of the unit, development & its comparison with similar properties. If other nearby projects are slated for development & how that would affect the property in question.

4) Tax issues, use of properties to offset taxes

5) The economy, how the economy will fare in 3, 5 or longer years & how that will affect the property concerned.

6) Only 70% Loan to Value (LTV) for third house and above

In short, an investor wants to maximize all possible returns from the property from all possible angles: from capital appreciation, mortgage payment, cash flow & taxes. Whereas, most speculators are only concerned with fast capital appreciation. Speculators try to anticipate and profit from price changes while investors seek only to acquire property at a reasonable price.

Property Speculator

1. Makes short term gain (30% or more), 3 months to 1 year.

2. Normally, buy at developer price & resell, and make significant profits

Property Investor

1. Using own system, plan well when buying.

2. Looking for rental/passive income.

3. Long term goals: 5-year plan, 10-year plan etc

4. More on buy & hold property as long as it makes significant passive income.

P/S : Most of the input taken from Properties Guru, Milan Doshi

Maximum Loan To Value (LTV) only 70% for 3rd house and above.

2010-11-06T12:31:00.000+08:00

I hate to say this but our nightmare finally came out. To those who are interested to purchase their 3rd house or more.. Think twice, check your financial capability and know your limitation. For big pockets and high profile investor.. this is good news for them because less competition for them to gain houses in strategic places. My humble condolence to small time investor like me who need to work hard and save more for that 30% downpayment... It will took years to save RM 60K for downpayment of house valued RM 200K

Below are statement release by Bank Negara for further understanding:

Bank Negara Malaysia wishes to announce with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower. Financing facilities for purchase of the first and second homes are not affected and borrowers will continue to be able to obtain financing for these purchases at the present prevailing LTV level applied by individual banks based on their internal credit policies. The measure aims to support a stable and sustainable property market, and promote the continued affordability of homes for the general public.

At the national level, residential property prices have increased steadily in tandem with economic development and the rise in income levels. This aggregate growth trend remains largely manageable and has not deviated from the long term trend in residential property prices. In the more recent period, however, specific locations, particularly in and around urban centres, have experienced faster growth, both in the number of transactions and in house prices. This is further supported by an increase in financing provided for multiple unit purchases by a single borrower, suggesting increasing investment activity that is of a speculative nature.

The targeted implementation of the LTV ratio is expected to moderate the excessive investment and speculative activity in the residential property market which has resulted in higher than average price increases in such locations. This has also led to increases in house prices in surrounding locations, thus contributing to the declining overall affordability of homes for genuine house buyers. This measure therefore remains supportive of the objective of encouraging home ownership among Malaysians which continues to be an important national agenda.

Introduction of the Financial Capability Programme

As part of the continuous efforts to raise the level of financial literacy and to promote sound financial and debt management by Malaysians, Bank Negara Malaysia also wishes to announce the introduction of the Financial Capability Programme. This Programme will be offered by Agensi Kaunseling dan Pengurusan Kredit (AKPK) through its establishments nationwide and will commence from January 2011. The Programme is aimed at equipping individuals with important knowledge for responsible financial decisions by gaining practical understanding and skills in money and debt management. This in turn will contribute towards preserving the sound financial positions of households and ensure that debt accumulation is commensurate with household affordability, including their ability to absorb interest rate adjustments and potential volatility to income and expense levels. Individuals particularly new prospective borrowers and young adults are strongly encouraged to participate in this specially designed programme. The details of the implementation of the Financial Capability Programme will be announced later in December this year.

Bank Negara Malaysia

3 November 2010 , http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2159

Kadar pembiayaan rumah kekal 90% hanya untuk RUMAH PERTAMA dan RUMAH KEDUA

2010-09-22T11:01:00.000+08:00

Utusan Malaysia
22/09/10

KUALA LUMPUR 21 Sept. - Bagi memastikan golongan muda dan berpendapatan rendah mampu memiliki rumah sendiri, kerajaan membuat keputusan untuk mengekalkan pembiayaan rumah kepada 90 peratus.Perdana Menteri, Datuk Seri Najib Tun Razak berkata, kadar pembiayaan rumah itu kekal untuk pembelian bagi rumah pertama dan kedua sahaja.

Beliau berkata, kerajaan juga tidak berhasrat mengurangkan kadar pinjaman perumahan daripada 90 peratus kepada 80 peratus pada masa ini."Bagi pembeli yang sudah memiliki beberapa buah rumah dan berhasrat untuk membeli rumah lagi, kemungkinan jumlah pinjaman akan dikurangkan kepada 80 peratus sebagaimana dicadangkan," katanya kepada pemberita selepas mendengar taklimat Lembaga Pengarah Bank Negara Malaysia (BNM) di sini, hari ini.

Beliau berkata demikian bagi mengulas cadangan BNM yang mahu mengkaji semula cadangan supaya bank-bank tempatan mengurangkan pinjaman perumahan daripada 90 peratus kepada 80 peratus.Namun, cadangan itu mendapat bantahan daripada beberapa pertubuhan bukan kerajaan (NGO) yang melihat ia akan menjejaskan peluang golongan muda untuk memiliki rumah.

Malah, ada gesaan supaya BNM menangguhkan cadangan menurunkan nisbah pinjaman berbanding nilai (LVR) pajakan sesuatu hartanah kepada 80 peratus. Dalam pada itu, Perdana Menteri berkata, kerajaan mengambil sikap terbuka berkenaan cadangan untuk membenarkan ringgit diniagakan di luar pesisir, 12 tahun selepas ia dihentikan. Ringgit kini diniagakan pada paras tinggi dalam tempoh 13 tahun pada RM3.10 berbanding dolar Amerika Syarikat.

"Ringgit kita mengukuh seiring dengan asas-asas ekonomi yang menggalakkan dan ini tidak menyebabkan sebarang kesan teruk pada perdagangan dan pelaburan ke Malaysia," kata Najib. Beliau berkata, kerajaan akan mengambil beberapa langkah serta mengkaji secara mendalam sebelum rancangan ringgit diniagakan. Katanya, kerajaan sentiasa berhati-hati dengan langkah tersebut agar kesan krisis kewangan 1997 tidak berulang di samping menjejaskan nilai ringgit yang dilihat begitu kukuh ketika ini.

P/S : Mcm mana nak beli rumah ketiga, keempat dan seterusnya??? Penat nak kumpul downpayment 20% tuh......

Investment Opportunity in Cyberjaya

2010-08-23T10:14:00.000+08:00

Is it worth it to buy? You do the Math....

Wish to own properties in Cyberjaya....

50% picked property if have RM1 million

2010-08-16T16:20:00.000+08:00

Almost 50% of the 1,211 respondents picked properties as the number one item that they would buy if they had RM1 million. For this group, they are in good company. Datuk Tony Fernandes, the group CEO of Air Asia Bhd, was once asked the same question 5 years ago by a leading Malaysian business magazine. His answer? Apart from Air Asia shares, he would definitely invest in property and unit trusts.
“With property, I feel you can never go wrong as long as you buy in the right area,” he was quoted to have said.

The rest of the results were unsurprising. With lingering reservations on the economy, not many would want to venture into a new business, nor even invest in shares, bonds, REITs, life insurance or unit trusts. Fixed deposits were the least favoured by the respondents.

Interestingly, 9% or 106 respondents expressed a desire to emigrate. Again, it’s hardly surprising given that the brain drain is still ongoing since the last few years when our economy dipped. Although, it’s on a recovery trend, some may have had enough already.

Almost 200 respondents or 17% were leery of the RM1 million figure given. And why not? With many property prices straddling the RM1 million figure, the vast majority have been priced out of choice properties in prime locations. The message is clear: Property prices are running ahead of average incomes. This group awaits Malaysia’s Transformation into a High Income Economy with bated breath.

If you have RM1 million cold cash to invest, how would you spend it?

Article from : http://www.iproperty.com.my/news/2400/50-picked-property-if-have-RM1-million-

Penjamin Juga Boleh Diisytihar Bankrap

2010-08-05T08:24:00.000+08:00

mStar Online
Oleh IWAN SHU-ASWAD SHUAIB

RAKYAT Malaysia yang menjadi penjamin juga boleh diisytiharkan bankrap sekiranya terdapat perintah mahkamah terhadap peminjam utama yang gagal melunaskan hutang.Ketua Pengarah Jabatan Insolvensi Malaysia, Datuk Abdul Karim Abdul Jalil berkata, ia mungkin sukar dipercayai namun itulah hakikatnya menyebabkan banyak pihak terus mempersalahkan jabatan itu.

Menurut beliau, timbul suara tidak puas hati mengatakan Jabatan Insolvensi Malaysia bertindak zalim kerana turut memusnahkan kehidupan mereka yang tidak berhutang.“Perlu diperjelaskan bahawa kami tidak membankrapkan mereka dan sebagai penjamin, mereka sepatutnya bertanggungjawab ke atas jaminan itu.

“Jika peminjam utama gagal membayar hutang maka penjamin perlu mengambil alih tanggungjawab itu,” katanya kepada Mingguan mStar.Dari tahun 2005 sehingga Jun tahun ini, seramai 81,908 individu diisytiharkan bankrap membabitkan jumlah hutang RM71.36 bilion.

Daripada jumlah tersebut, 4.66 peratus merupakan penjamin sosial manakala penjamin korporat 5.32 peratus.

Abdul Karim berkata, isu penjamin diisytiharkan bankrap menimbulkan pelbagai reaksi dan kekecohan kerana menyifatkan tindakan itu tidak adil.Bagaimanapun katanya, kedudukan penjamin dipinda menerusi Akta Kebankrapan 1967 pada tahun 2003 telah mewujudkan perbezaan antara peminjam utama dan penjamin.

“Pindaan telah menjelaskan bahawa pemiutang tidak boleh mengenakan tindakan undang-undang terhadap penjamin secara terus kecuali boleh dibuktikan di mahkamah membabitkan hutang peminjam utama,” ujarnya.Menurut beliau, Jabatan Insolvensi Malaysia turut mempunyai budi bicara bagi membantu penjamin keluar daripada status kebankrapan dengan persetujuan pemiutang.

Tambahnya lagi, rundingan bukan saja membabitkan permohonan pelepasan kebankrapan malah jumlah bayaran hutang yang perlu dijelaskan atau dividen.Justeru, beliau menasihatkan orang ramai supaya tidak mudah menjadi penjamin dan mengambil langkah berhati-hati.

“Paling penting, kita perlu tahu kemampuan untuk menjadi penjamin, mengenali siapa yang mahu berhutang dan keupayaannya untuk membuat bayaran. “Jangan menjamin seseorang itu atas dasar kasihan kerana kesannya kelak tidak akan mengasihani kita. Buat keputusan dengan bijak,” kata Abdul Karim.

Learn How to become a Multi-Millionaire in Property Investment

2010-08-04T16:28:00.000+08:00

This is guest post by Mr.Milan Doshi, Financial Trainer and Best Selling Author of “How You Can Become a Multi-Millionaire Real Estate Investor!”.

Do You Know more than 90 percent of World’s Millionaire either Made or Parked their Money in Properties? It is a fact that Properties Investment provide an Excellent Financial Leverage!

1) Why choose Property Investing as a main Investment Vehicle when there many Exotic Investment Option out there like Stock, FOREX, Option, Gold, Land Banking etc?

Unfortunately there is no “perfect” investment that gives you the best of everything. Each investment vehicle have their plus and minus points. Hence, there are No Right or Wrong investments. You need to know what is available out there and find the right investment vehicle that suits your unique investment profile. I choose Properties to be my main investment vehicle as real estate is able to provide Great Financial Leverage. You only need to come out with a small down payment in order to own 100% of an asset because the banks are willing to lend money for the property purchases. Your chances of becoming rich via Properties is Slow, Steady and Surer compared to other Volatile Investment like Stocks, FOREX, Options, etc. One year from now, you can estimate up to 95% accuracy your Net Worth (ie Assets less Liabilities) in Property Investments. In other investments, you will be unable to do so. Your investments may be up by or down by 50% or more.

“If you think education is expensive, try ignorance” -Derek Bok

2) How to get start in Property Investment?

First, get the Knowledge by Reading Property Investment Books and Invest in Property Investment Seminars. Just by doing these two things alone, you will be far Great ahead compares to people who do it via the more costly Trial and Error method. However knowledge alone will be any Good if you do not take ACTION! It’s good to start off with Low or Medium Cost Apartment to get the experience before going for higher end properties. The first few property purchases are usually the most challenging as there is a lot of learning taking place. The good news is that things become easier and easier in property investments. Subsequent purchases become very easy and you can literally buy with your eyes closed once you have purchased more than 10 properties.

3) What Are the Investment Formula or Strategies To be Use?

There are more than Ten Investment Strategies like Buying from Developer, Buying for Rental Returns or Capital Appreciation, Property Flipping, Commercial Property Investing, Auctions, etc. Based on your Unique Investment Profile, pick maximum three Investment Strategies and specialize in those three areas.

The Key here is Focus.

4) What is Zero Down Property Investment?

It simply mean Buy with little or zero money. In another word, take out little Capital and Borrow to the maximum

5) Do Zero Down Property Investment Exist?

YES

6) How the Zero Down Property Investment is Possible and do you have any Real life Case Study?

Read my book called “How You Can Become a Multi-Millionaire Real Estate Investor!” I have entire chapter dedicated to this topic.

7) What skill are needed to be successful in Zero Down Property Investment?

•Negotiation skill

•Ability to look up for not just Good but Great deals

•Very close and in touch with the current Property Market

•The most important is Patience. Only One out of ten properties could qualify for this Zero Down Property Investment method.

8.) Is the Negotiation skill an Inborn skill?

Almost everything can be learn and nothing is inborn. In short, all Skills are learnable!

9) What is your advice to those who are Weak in the Negotiation skill ?

Read books on Sales, Neuro-linguistic programming (NLP) and Negotiation. Other Highly recommended books to read are “How to Win Friends and Influence People” by Dale Carnegie and “Personality Plus” by Florence Littauer

10) Do you encourage to buy Uncompleted properties(buying from developer)?

As an investor, your Goal is to have Minimum Risk with Maximum Return. As long as the developer is reputable, the location is good and the property fairly priced, why not? I have even encountered some occasions where the developer made a mistake in pricing in my opinion.

11) Is having a Supportive Spouse Important in Property Investment?

There is a saying that two heads are better than one. Having a Supportive Spouse or Partner is a huge plus Point as Property Investment involves Risk and Financial Capital. Besides your spouse or partner, always mix with the other like-minded investors as your Property Investment journey can be very Slow and Boring. With investment buddies, you can Challenge or Push one with another to make your Property Investment journey more fun.

12) What are sacrifices are needed in Property Investment?

Top of the list will be Delayed Gratification because you need to Save in order to get the Investment Capital for property investments. Savings can only come by spending less or earning more.

13) What is your advice on Getting Bank Loan?

Bank Loans are given based on Your Earning Ability and Good Track record. All your credit application and late payments for credit cards, car and housing loans are recorded in the Central Credit Reference Information System (CCRIS). If possible, get into professions where your Earning Potential is Unlimited like Sales/Marketing, Trading and doing your own Business. This will make it easier to borrow more money from the banks.

14) What is your advice to those who want to achieve Financial Freedom?

•Keep Investing and Improving yourself.

•Take ACTION!

•Do not be afraid to Make Mistakes

•Network with Right Minded Peoples

•Earn and Save as much as Possible

•Invest Wisely as much as you can.

P/S : This article is originated from http://www.alantanblog.com/property/learn-how-to-become-a-multi-millionaire-in-property-investment-milan-doshi.html

Banking loan growth remains strong: MIMB

2010-08-02T14:47:00.000+08:00

News

Loan growth in the Malaysian banking sector remains strong, despite an increase in the base lending rate (BLR) and average lending rate (ALR) recently, according to a research house. MIMB Investment Bank said the gross banking system’s outstanding loans were higher in April this year with loans applied and loans approved, increasing compared to previously across both business and household sectors.

"For household loans, the demand to purchase residential property rose 10.7 per cent year on year (YoY) and that for personal use increased 19.5 per cent," it said in a research note today.Bank Negara Malaysia (BNM) raised the overnight policy rate (OPR) for the second time last month by another 25 basis points to 2.5 per cent, in another move to normalise the monetary condition. The research house said the total loan in the banking system grew 10.0 per cent YoY in April this year vis-a-vis the 9.8 per cent in March.

It said the growth was in-line with its 2010 total loan growth forecast of 9.9 per cent on the back of the higher end, real gross domestic product (GDP) growth estimate of 5.9 per cent. However, MIMB did not rule out that such strong loan growth, despite the interest rate hike, could be due to an attractive loan pricing offered by banks given the underlying keen competition. "This can be seen in the narrower estimated interest spread of banks that has not improved in tandem with a higher ALR. The estimated interest spread of banks declined 17 basis points (bps) to 2.65 per cent from 2.82 per cent in Febrary 2010," it said.

On the OPR, the research house said: "It is not a surprise to see the OPR increase further as it is still at the lower-end of the historical range since end-2004." It said the average OPR was approximately at 3.0 per cent, 50 bps higher from the current level but the central bank might pause the hike due to the sovereign debt problems in Europe. MIMB said BNM is likely to maintain the OPR at the current level in the forthcoming Monetary Policy Committee (MPC) meeting in July.

Bernama

Kelebihan Malam Nisfu Sya'aban

2010-07-26T14:06:00.001+08:00

Malam Nisfu Sya'aban 1431H akan tiba pada hari Isnin (26hb.Julai 2010) malam Selasa ( sebaik saja masuk maghrib), dimana bermulanya 15 Sya'aban 1431H. Oleh itu, marilah kita sama-sama mengambil masa keemasan ini untuk menutup catatan amal ibadah kita kpd Allah dengan baik dan seterusnya berazam untuk

memperbaiki diri kita untuk catatan yang baru. Riwayat yang muktabar menyatakan Hari Nisfu Sya'aban adalah hari dimana buku catatan amalan kita selama setahun diangkat ke langit dan diganti dengan buku

catatan yang baru. Berikut adalah antara amal ibadah yang digalakkan di hari Nisfu Sya'aban:

1. Selepas solat maghrib (15 Sya'aban 1431H, Isnin malam Selasa)

Solat sunat nisfu sya'aban, 2 rakaat
Rakaat 1 : baca Al-Fatihah & surah Al-Qadar 1x
Rakaat 2 : baca Al-Fatihah & surah Al-Ikhlas 3x

2. Membaca Yasin 3x selepas solat Maghrib(15 Sya'aban 1431H, Isnin malam Selasa)
i) Selepas Yasin pertama : mohon dipanjangkan umur untuk beribadat kepada Allah
ii) Selepas Yasin kedua : mohon rezeki yang halal untuk beribadat kepada Allah
iii) Selepas Yasin ketiga : mohon ditetapkan iman dan Islam & mati di dalam iman & pohonlah segala yang baik dan munafaat.

Kemudian baca Istighfar 11x & selawat 11x. Baca doa Nisfu Sya'aban (ada didalam Yasin Majmuk)

3. Baca surah al-Ikhlas 1000x

4. Berpuasa pada siangnya)

Abul Khair Al Talaqaani r.a. mengira nama2 malam Nisfu Syaaban sebanyak 22.

Antaranya yg termasyhur adalah:

1. Malam Dimustajabkan Doa
2. Malam Pembahagian Takdir
3. Malam Rahmat
4. Malam Berkat
5. Malam Pengampunan (Taubat)
6. Malam Penebusan
7. Malam Syafaat
8. Malam Penulisan
9. Malam Keagungan dan Kemuliaan
10. Malam Rezeki
11. Malam Hari Raya Para Malaikat
12. Malam Penghidupan

Antara kelebihan bulan Sya'aban:

1. Sesiapa berpuasa sehari dalam bulan Sya'aban maka Allah haramkan tubuhnya dari api neraka dan dia akan menjadi teman kpd nabi Allah Yusof d ida lam syurga.

2. Riwayat dari Osman Bin Abi Al-As, Sabda Nabi Muhammad (saw) : pada malam nisfu sya'aban setelah berlalu 1/3 malamnya, Allah turun ke langit dunia lalu berfirman : adakah orang-orang yang meminta maka Aku perkenankan permintannya, adakah orang yang meminta ampun maka aku ampunkannya, adakah orang yang bertaubat maka aku terima taubatnya dan diampunkan semua orang mukmin lelaki & perempuan , melainkan orang yang berz ina atau orang yang berdendam marah hatinya kepada saudaranya. Sebaik-baiknya minta ampun dengan ibubapa sebelum hari nisfu sya'aban kerana amalan kita akan terhalang dari diangkat ke langit sekiranya kita derhaka/berdosa dengan ibubapa kita.

Wallahua'alam

My Latest Project....Mentari Court Apartment

2010-07-25T02:19:00.000+08:00

This is my latest project. Alhamdullilah LO already signed and proceed with SNP...
Why I decided to purchased this house???

1) Location ===> Very..very..very..strategic
2) Purchased price ===> Below market value
3) Ready with tenant ===> Unitar student.
4) Demand ===> Very..very..very..high
5) House condition ===> Grilled with fully tiles.
6) Loan ===> 100% loan with good rates BLR-1.8%
7) Deposit ===> Only RM2k no need to pay 10%

Wooow...This is a good deal that difficult for me to resist.. Below are few pics that i manage to snap during site visit...

Unit at Block B located nearest to Kurnia's building. My tenant's class located there.

KTM komuter station is nearby

Playground for kids

Badminton Court

Swimming pool for all

Covered Parking "Pay for Service"

Rows of bikes...

Later I will share estimation of ROI for this investment.

100% Housing Loan???? Believe It or Not....

2010-07-21T17:32:00.000+08:00

I plan to buy a property of rm200K++ but i dont have a lot of cash to pay the deposit. Is it possible to get 100% loan?

hm.. i think today i want to share the answer for this question. The answer depends whether it is a subsale unit or a new project.

If it is Subsale:

For subsale unit, anyhow, you need to pay the 10% deposit that is rm20K. if you dont have enough, try borrow from your father, mother, siblings, friend who trust you or even your boss. Promise them to pay them within 6 months - 9 months after your loan disbursed.

Then, you need to find a property offered below market value. let say you find a property to be sold at 180K but market value 200K. Then if the seller agree, mark up the price in the snp to be higher as long as not higher than market value.

So let say we put 200K in snp and you pay rm20K for the deposit. Then apply bank loan based on 200k price

90% loan from 200K = 180K loan

Since the real price of the property is only 180K, this means you get 100% loan for the house.

However, since you already pay 20k, the balance to be paid to the seller is only 160K

So your lawyer will refund back the extra 2oK from the loan to you, minus the legal fee and stamp duty to be paid to them maybe about 4k- 5k, depending you get discount on the stamp duty or not. But there are cases whereby buyer can kawtim with seller to pay less than 10% depends on how good your relationship with the seller or how desperate the seller to sell the property but dont have any other buyer except you.

For New Project:

It is possible since some developer offers rebates and discounts. Try get a project whereby the developer will put the price in the snp based on price before discount. Then you will get 90% loan from the undiscounted price then, after minus all the discounts and rebate, the 10% deposit will be almost covered.

At the end you will be required to only pay a small amount of deposit, depending on the package.

I have found projects which at the end you only need to pay rm2k for the deposit and that's all.

p/s : The article was taken from http://rohaniahnoor.blogspot.com

I Got Free Entry To "The Donald Trumph Way"

2010-07-19T17:02:00.001+08:00

Just got confirmation email from AZEA personal coaching on my Free entry to Property Investment Strategies "The Donald Trumph Way" This will be my first time to attend property investment talk. Looking forward to gain knowledge and info on property investment as much as possible.

For those who have received your FREE tickets please take note that that venue has changed from level 6th to level 12th. See you there...

Do You Want To Be Someone Like Donald Trump??? Grab this Opportunity.

2010-07-19T13:54:00.000+08:00

Grab your seat now...... Free for Iproperty members...

Latest Update On Taman Medan Cahaya

2010-07-17T01:55:00.001+08:00

Good news that I awaited for so longgggggg…..

Received a phone call from my lawyer and she requested all receipts related to Taman Medan Cahaya Case. Bank A requested it and I believed we are the winning team. Hopefully all the losses are well covered and everyone is happy ever after.

I remembered last week when Miss J told me if this case still not as our expectation, she will bring up this matter to CEO of Bank Negara and she will asked her freinds from newspaper to write a report on discrepency done by Bank A. Wow...that is something that i'm not thinking off...

I hope I'm not going thru all that process..." Finger Cross"

DESA MENTARI LOW COST APARTMENT..Problem continues...

2010-07-05T23:24:00.002+08:00

Problem....Masalah...Problemssss.......

Below are the chronology of headache and blunders happened until today...

1st JANUARY 2010

A letter from my lawyer to the Desa Mentari's Owner

17th FEBRUARY 2010

A letter from my lawyer to inform Bank A's lawyer that I already proceed with housing loan and request for extension.

18th MARCH 2010

A letter from my lawyer to Bank B (Loan Application) to inform they act on my behalf.

18th MARCH 2010

A letter from my lawyer to Jabatan Galian dan Tanah for "Permohonan Memasukkan Caveat"

25th MARCH 2010

A letter from my lawyer to Desa Mentari's lawyer on follow up of extension status.

31st MARCH 2010

A Request to Lembaga Peruahan & Hartanah Selangor for a name Transfer

25th MEI 2010

First auction unit that I won on 29th October 2009 still in huge mess..... I decided to drag Bank Negara as a middle man and let my lawyer and Bank A's lawyer arguing each other...

Corporate Communications Department

Bank Negara Malaysia

P.O. Box 10922

50929 Kuala Lumpur

To Whom It May Concern

I would like to file a complaint on discrepancy caused by Bank A on auction of low cost apartment in Taman Medan. I am deeply regret and disappointed with Bank A instruction to terminate Proclamation of Sale dated 29.10.2009. All the dream, hard work, time and money are wasted. I did understand I need to settle everything within 120 days after POS date. I did talk to the owner and mentioned that I'm will take over the house. They denied my rights they will never let go the house and even threaten to report to SPRM.

After almost two months the owner didn't feedback on how to moving forward, I decided to apply for housing loan. My Bank B housing loan approved and I leave the rest to my lawyer A. Due to wrongly info stated on Bank B letter of offer, my lawyer did apply for 3 weeks extension to Bank A dated 17th February 2010. Then they apply for transfer of name and put a personal caveat on that unit. If I'm not mistaken on 20th April 2010 I did call up someone name Mr. S from Bank A on status of extension? He did reply his boss agreed to accept current owner proposal to take over the house. My question is why he didn't feedback earlier??? or at least reply the letter of extension that my lawyer send dated 17th February 2010 and 25th March 2010. Why after I called him up the bad news spill out.

After that telephone conversation with Mr. S, I'm straightly contact my lawyer to seek the truth behind all of this. I am regret that despite my attempts to settle the transaction, Bank A decided to terminate the POS. The transaction is 90% .completed but only pending release of financing amount to Bank A. Only one document is pending which is again the extension letter from Bank A. I want to ask Bank A, Are there any untold stories between BSN and the current owner which result to unfair decision to my side???

Therefore, I would like to seek for Bank Negara attention to settle this matter as soon as possible. As this matter has been delayed for far too long unnecessarily, and if this transaction has to be aborted due to Bank A or solicitor to act in a professional, ethical and efficient manner, I want to claim all my loss. Please find attached documents to support my complaint. I also will send the hard copy to respective recipient.

Thank You.

Yours truthly

(FIRDAUS BIN KHALID)

4th JUNE2010

Bank Negara revert on instruction to Bank A to investigate my case

2nd JUNE 2010

BSN reply to Bank Negara and to me.... Pantas tul...

14 JUNE 2010

Bank A's lawyer send a warning letter to me. (Hang ingat aku takut???... Lawan tetap lawan...)

To be Continued.....

TENANCY AGREEMENT ENDORSED BY LHDN

2010-02-28T02:14:00.000+08:00

Hari Khamis lepas aku uruskan tenancy agreement rumah sewa abg aku kat Taman Medan... Tenant dah sign pada agreement tu and basicly he agreed with all the term & condition stated in the agreement. At first abg aku ingat kene endorsed agreement tu kat pesuruhjaya sumpah.. Rupa2nye kene pi matikan setem hasil...

Dia bagi setem hasil bernilai RM10 dan suh aku setelkan coz he quite busy... Aku pun pi la ke LHDN, Plaza Perangsang Shah Alam, tingkat 9... Nasib baik orang tak ramai... Tanya abg kat kaunter, dia pon explain la document yg perlu aku isikan terlebih dahulu.

Rupa2nye LHDN ade standard fee mengikut jumlah sewaan dan tahun sewaan. Bagi tenancy agreement umah Taman Medan, nilai sewaan ialah RM650 selama setahun. Oleh itu jumlah fee utk matikan setem ialah RM22. Bagi aku fair enough la.. Tak mahal sangat...

Kepada sesiapa yang nak matikan setem hasil utk tenancy agreement, make sure dah fill in borang2 di bawah ni dahulu sblm proceed ke kaunter

1) LHDN PDS 1

2) LHDN PDS 49A

Make sure before fill in form ni mintak carbon sheet kat kaunter coz ade 2 keping form yang sama perlu diisi.. Ade carbon sheet tu sng la skit... tak perlu la tulis 2 kali.... Jimat masa n jimat tenaga.

Selesai saje isi sume form just hand over to person at counter dan dia akan tgk and go through tenancy agreement tu... Aku tgk dia selak2 jek... Tak baca sangat pon. Prepare cash and bayar ape yg sepatutnye..

Itu saja. Semudah ABC...hahahah

OD - ASB (Base on True Story)

2010-02-23T11:01:00.002+08:00

1. Over Dratf (OD)

2. OD Settlekan credit loan credit card

3. OD untuk pelaburan hartanah (rumah lelong,emas public gold, sewa, jual/beli)

Pengenalan...

Saya dah buat/guna pasal OD nie dalam 1 tahun lepas. Oleh kerana sibuk dengan urusan kerja, tak amik port sangat, tapi bila ada masa free2 tu, saya baca balik thread pasal OD nie, terus ternampak jalan (Allah tunjukkan jalan).

Mungkin ramai orang kat luar sana yang expert pasal OD nie, saya baru je nak buat. Tapi, saya dah pun buat langkah pertama. Sebab pada saya, kalau setakat belajar teori saja, memang boleh, tapi kalau kita buat secara praktikal, kita lebih faham dan akan ingat.

Apa yang saya faham pasal OD?

Saya faham OD nie merupakan satu facilities yang ada ditawarkan oleh bank untuk kita buat pengeluaran lebih dari jumlah duit yang kita ada dalam account. So, lebih kurang loan la. Tapi dari segi interest charges dia berdasarkan BLR and gunakan konsep "daily rest" (caj hari-hari). Kalau kita tak guna duit dalam OD nie, tiada sebarang caj dikenakan. So, kalau kita nak pakai duit urgent, boleh le kuarkan duit OD nie, lepas tu bayar le balik. Tapi, lately nie saya jumpa banyak blog and forum yang bincang pasal OD nie, and saya dapat info banyak yang kita boleh manipulate kemudahan OD ni untuk langsaikan hutang credit card kita, buat insvestment property dan sebagainya.

Mengenai interest OD nie, lebih rendah berbanding dengan credit card (18% p.a). So, kalau kita guna OD utk membeli barang2 yang biasa kita pakai credit card (easy payment) dan sebagainya, kita boleh jimatkan duit kita daripada membayar interest kad kredit yang tinggi kepada bank.

Saya faham benda nie pun lepas masuk banyak forum dan blog2.

Tapi, macam mana nak mula?

p/s: Seribu langkah bermula dengan langkah pertama.

1- Pakai Pelaburan ASB sebagai cagaran untuk bukak akaun OD.

Dari post2 dalam forum yang saya baca, rata-rata semua gunakan pelaburan ASB sebagai cagaran untuk bukak akaun OD ni. Ada jugak yang cagarkan rumah yang dah habih bayar. Tapi, kalau yang muda2 nie, mana ada rumah dah habih bayar. Semua masih under loan lagi.

So, apa yang saya buat adalah, tukar kan ASB (dalam bentuk buku pelaburan ke sijil). So, caranya amat mudah. Bawa buku pelaburan ASB ke PNB, (HQ atau mana2 cawangan). Kalau saya hari tu saya pergi ke cawangan Shah Alam. Tak ramai orang. Sekejap je dah siap.

So, sampai je, lengkapkan borang "Penukaran Bentuk Buku ke Sijil" mcm kat bawah nie.

Ok, lepas lengkap, pegi kaunter dan diorang akan tukarkan pelaburan kita dalam bentuk sijil ASB mcm nie.

So, lepas tu, bawak sijil nie, bersama dengan photocopy IC, slip gaji sebulan ke bank yang kita nak apply account OD. Mcm saya, saya try tanya kat Maybank (sbb senang nak manage maybank2u dan dah ada current account serta commission masuk account nie) atau RHB ( yang nie proses fee murah sikit).

Ok, minggu lepas 3/11/2008, Maybank call saya, staff bank tu cakap, akaun OD saya dah approved dan ready untuk sign letter offer. So, apa lagi, bergegas le ke Maybank Ampang Park. So, dah settle semuanya, dapat le surat macam kat bawah nie.

So, kemudiannya staff maybank tu suruh saya tunggu dalam masa 2-3 minggu untuk bank readykan amount OD tu dalam current account saya. Tapi, saya check dalam account maybank saya, dalam seminggu selepas saya signed letter offer tu, saya tengok balance dalam account dah bertambah ikut amount OD yang saya apply. So, maknanya, OD dah boleh pakai......

Penggunaan OD

1. OD untuk settlekan credit card.

Ini merupakan tujuan utama saya apply OD, untuk gantikan penggunaan credit card. Sebab siapa yang tak tau interest credit card?...18% per annum. Amik kou.....so, bayangkan kalau dengan OD BLR+0% daily rest monthly compounded. So, sekarang nie BLR 6.75%, berapa banyak jimat interest tu berbanding credit card.

Sebagai contoh, credit card saya ada hutang RM 5,000. So saya keluarkan RM 5,000 dalam account OD saya untuk settlekan hutang credit card. Bila account OD saya dah berkurang, saya kena interest OD (BLR+0% daily rest), tapi oleh kerana saya nie agent insurance (komisen masuk 2 minggu sekali, bila komisen masuk je, saya terus pindahkan ke account OD, so account OD saya pernuh balik. Tak kena interest beb. Lepas tu, kalau saya nak pakai duit untuk bayar bill atau perbelanjaan lain, saya keluarkan duit tu sikit demi sedikit. Then dalam masa 2 minggu lepas tu, masuk commission lagi, saya pindahkan dalam account OD. Jadi, interest yang saya kena bayar teramatlah kurang compare dengan credit card.

Tapi kena ingat, kita dah tak bayar credit card kan?..(sepatutnya kena bayar kalau kita tak guna duit OD)...so, duit untuk bayar credit card tu, masukkan dalam dalam ASB, tambah duit dalam ASB dan kalau dah cukup amount utk convert jadi OD, saya akan convert lagi.

So, itu je dulu sedikit info OD yang saya dah amalkan untuk settlekan credit card.

2. OD untuk pelaburan hartanah

- Untuk modal beli rumah lelong

Yang nie, ada banyak perkara kena consider, bukan terus redah. Aku sendiri menuntut dengan geng2 hartanah nie.... . Baru aku faham dan start buat.

Tips : Cari umah lelong yang below market price (and cuba nasib utk bid). Make sure study dulu lokasi dan keadaan rumah serta persekitarannya, adakah ianya sesuai untuk disewakan. Dan berapa rate sewa kat area situ. Kena buat home work sikit. Then, gunakan duit OD nie, utk bid.

Secara konsepnya...kita biasa dapat harga umah lelong below market price, kalau lebih..(rugi and kena menuntut lagi)...then, bila kita nak buat loan, loan ikut market price, of course ada margin loan kat situ. Tapi, sure korang akan terfikir, siapa yang nak bayar loan tu pulak, sebab kita buat loan baru. Sebab tu, aku cakap, perlu survey dulu, bukan main belasah je amik umah lelong, sekali tak sedar, umah kat Bukit Beruntung....masak le korang.

Jadi, bila kawasan yang tenant ramai nak sewa, duit sewa tu cover duit loan. And tenant akan bayarkan loan kita. Lepas tu pulak, ingat tak tadi , kita buat loan ikut market price...so, ada lebihan cash...apa lagi...-> ASB-OD kan lagi (top-up) sampai le ASB dah penuh. Kalau penuh, sumbat pulak kat ASW, utk buat investment rumah ke-2 dan seterusnya....

Ini yang aku buat. So, so far on track la....you all boleh cari info kat internet pasal jutawan hartanah muda2 lagi. Bermula dengan account OD-ASB ni la

Pesanan drp FIRDAUS BIN KHALID : Sebagai bumiputra marilah kita manfaat kelebihan ini dgn mencarum dalam ASB. Dah byk duit dalm ASB tu bolelah kita apply OD dan buat investment utk menambahkan pendapatan. Banyak contoh2 orang melayu yg berjaya dalam memanfaatkan kelebihan OD ni seperti PIE2020, Pokli, Hizam and Dodi.. So..tepuk dada tanyalah selera....
For futher info please click to this link http://www.pokli.com/2010/01/ilmu-overdraft-ulanganpada-yang-tak.html

Sign LO utk Taman Medan Cahaya

2010-01-09T11:32:00.000+08:00

At last LO utk Taman Medan Cahaya dah complete. Aku submit pada En Izham Cimb banker and he promise me by 22/01/2010 bole sign LA. Adik aku balik dari Sabah on that day. Senang la cite utk sign agreement tuh. Rumah ni aku JV dgn adik aku and looking forward to JV other units in the future. Early December owner rumah tu ade contact aku utk setelkan rumah dia. Dia willing bayar blk duit deposit RM3k tu. Aku kata tak semudah tu.. Byk bayaran lain yg dia kene tanggung and bayar. Ade panalty yg dikenakan. At least dia kene prepare almost RM6k utk setelkan sume. Itu aku sesen pon tak amik untung. Aku kata klu ade lebih aku pulangkan. Aku bg masa kat dia sebulan utk pikirkan before aku sign LO. Tp senyap je.... Ok fine.. Aku proceed dgn LO and hopefully dapat sign LA 22hb ni. Tinggal 2 bln lg utk setrelkan umah lelong ni. Aku menang auction pada 29/10/2009. BSN bg 120 hari utk selesaikan nama and process pertukaran nama. Entah sempat or tidak tawakal jek... Aku mmg expect beli rumah lelong ni.. mmg benda2 ni lah dugaannye... Aku rasa owner masih tak kuar rumah lagi. Aku just tunggu umah ni jadi official milik aku n adik aku baru aku pi confront owner. Hopefully sumenye ok.....

Kemenangan pada 1st Auction...Dapat RP

2009-11-01T21:59:00.012+08:00

Alhamdullilah........ Syukur pada ilahi impian aku dan adik aku utk menang auction BSN pd 29/10/09 termakbul juga. Tanpa disangka ak dapat RP untuk unit D-12-06 Taman Medan Cahaya... Sebelum pi regista aku dah sediakan extra RM500 coz max budget aku smpi RM65k. Lebih dari tu kami decide tak akan bid. Bank draft sebanyak RM3000 disediakan utk unit ni. Pada mulanya aku nak bid unit ni and Lot 69 blok C. Tapi kecewa Block C call off... Takpe xde reezeki and focus on Blok D.

Reason choose Block D coz location x jauh sgt dari Komuter and bus station. So aku rase dua blok ni the best la for rental... Aku dah pi tgk unit ni sblm auction and jumpa tuan rumah... Akak tu kata husband dia dah pi bank untuk setelkan hutang dgn bank... Aku pon percaya la ckp akak tuh.... On the auction day aku call blk EHsan either the unit still available????.. Depa ckp ade lagi.. Mmg dah rezeki kami.. Ni first projek Joint Venture (JV) aku dgn adik aku... Aku harap usaha kami akan berbaloi...

Next action ialah apply loan either with RHB, BSN or CIMB.... AKu nak try gak dgn OCBC... Harap2 dapat best rate... Apa yang menarik unit kat Taman Medan Cahaya ni ialah there are 2 bidders yang bersaing untuk Blok G-9-7.... RP 60k sama mcm akunye gak. End up depa bersaing smpi RM72k... Aku rase mebbe owner dia yg xnak letgo umah tu and masuk bid smpi menang... Kemungkinan jek... Or mebbe sumone yg too ambitious utk beli unit ni.. Bagi aku tak berbaloi bid smpi 72k... Too much... Byk lg unit lain yg aku rase mungkin dilelong kat Taman Medan Cahaya ni... Yg perlu hanyalah bersabar and byk survey... Itu je...

Unit paling mahal... RM72k

Unit yg aku menang... Calling Once!..Calling Twice!!!..Sold!!!!...

Paddle keramat....First timer and won..Yeah!!!!

Ehsan Auction Hall.... Ada makanan free....

Aku datang awal...Org tak ramai lagi

Sume org menunggu dgn sabar

Auction bermula......

MotoGP 2009....Viva The Doctor

2009-10-27T00:25:00.013+08:00

Hujung minggu yang paling best aku dgn wife aku experienced. Berpeluang menyaksikan Rossi ditabalkan menjadi juara dunia MotoGP mmg sungguh mendebarkan... Walaupun perlumbaan ditanguhkan kerana hujan tapi kehangatan masih dirasai.... Deruman jentera Ducati amat mengasyikkan.... Ducati mmg superb... Styling and performance mmg over the top.... Damn....... I love that bike.... Kami arrived dalam kul 10.30am and byk kereta dah start que nak cari parking paling dekat dgn enterance cicuit.... Aku decide nak parking kat bawah jek... Senang nak kuar masa balik nnti... Pergh mmg penat menapak smpi ke atas... Berpeluh gak la....Tapi meriah coz rmai yg decide park kat bawah n leh cuci mata tgk big bikes yang bersepah2....Tgk org honking each other pon best... Sume nak cepat tak sabar nak que...Biasa la org Malaysia... Parking lintang pukang... Nasib baik decision aku tu mmg betul...Jam nak mampus masa nak balik tuh... Anyway kami mmg enjoy dgn race hari tu.....

Tak ketinggalan tujuan aku pi tgk MotoGP kali ni coz nak support Malaysian rider dlm 125cc. Result mmg tak mengecewakan Elly dari tempat ke 24 berjaya menamatkan perlumbaan ke tempat ke 16... The best wild card rider in 2009 which manage to complete the race and below 20th place... Hopefully Elly akan terus ride utk Malaysia and Air Asia akan terus support dunia permotoran Malaysia......

Gadis litar dapat bendera Petronas Free

Bergaya di depan enterance SIC

Main Grand Stand masuk thru Gate 1

Penyokong kuat Kawasaki dgn baju ijaunye....

Happily ever after

Team AIr Asia

Rider simpanan x sempat tunjuk skill

Siti Hayabusa binti Suzuki

Saat kemenangan Stoner and Rossi sebagai Juara MotoGP

Naza Karnival 24/10/09.....Superb...

2009-10-25T23:43:00.027+08:00

This is first time aku pi Naza Karnival with my wife... Mission kami nak tgk superbike... Aku arrived dalam kul 3.15pm... Sesak sikit coz sume kete perlahan cr parking... Parking mmg penuhDari simpang ke Naza World sampai ke bangunan Amway baru tuh penuh keta parking kiri and kanan. try la cari parking dalam compound Naza world.. 2 kali round jugak la... Hampeh... Kecewa..Pusing balik ke main road and buat U-turn kat Kah Motor.. Seb baik ade keta kuar. Dekat setengah jam gak la round2 cari parking.. Hari Ahad ni kami nak p i tgk moto GP, so aku amik peluang ni nak introduce model2 moto kat wife aku ni..

Dia mmg minat dgn superbike and tanya aku bila mau angkat sebijik... Mmmhh.... ikutkan hati mmg hari tu jugak aku angkat sebijik... Tp nak wat camne... budget takde... Sabau2.. Kene kumpul duit dulu.. Insyaallah umur aku cecah 30 je mmg menongek atas CBR la

Target kene ada baru automatic motivation membuak2...kene start kumpul duit dari sekarang and kembangkan passive income aku tuh... Klu aku nak pki superbike pon aku rasa aku beli 2nd hand jek dulu..Why?? Because kena asah skill dulu mcm abg Don kita tu... Kene blajar meleper kat klawang and atas trek... Klu tergolek pon tak la ralat sgt.... Motor baru jatuh... pergh mesti menangis.... Since zaman sekolah lagi aku minat SRAD.. harga semasa dalam RM28 to 35k depand on condition... Klu nak beli moto lama ni seelok2nya cash.. nak buat loan mesti susah... pendek cite klu tak mampu jgn mengada nk pki moto besau.

Motor Idaman Kalbu..Honda CBR 1000

Farah+ YZF R1= Firdaus

All time favaurite =Suzuki GSXR

Ada gaya tak???

Pelumba gantian Malboro Ducati Team

Aktiviti sampingan.. Benchmark Ferrari...... hahaha

Enzo

Part time model beraksi....

Lagi aksi model part time...

Maserati... Dari jauh nampk mcm muncung itik serati jek

Model memberikan aksi terbaiknye

Yah..Ini dia Aston Martin DB9

Orang Lambor Kanan bergambo side by side dgn Lamborgini

Ada bran beli la....

X6 yg menjadi kegilaan Farah harni

Temenung seketika melihat kecantikan Skyline GTR R35 ni

Nice Ass

Bukit OUG COndo Survey

2009-10-21T23:37:00.012+08:00

Hari Sabtu lepas 17/10/09 aku dgn wife aku pi survey Bukit OUG Condo.... Unit ni aku dapat info dr mudah.com.

Property details:-
Property type: Condominium
Agent Description: 9th floor with Lift / 3 Room 2 bathroom / 1222 sq ft with covered car park provided / Air-cond / Bathtub, water heater, Kitchen Cabinet with Cooker/ Swimming pool, Squash, Playground, Tennis, Mini Market, Balcony, 24 Hrs Security & Gym.

Property price : RM158000
Free/leasehold: Freehold
Size: 1222sqft
Status : Completed
Location: Bukit OUG
More details : http://www.mudah.my/Jalan-Klang-lama---Bukit-OUG-Condominium-4120588.htm

Bagi aku unit ni mmg menarik... Luas.. Harga not bad.. Luas gila. Lagi luas dr rumah yang aku beli dr PKNS tu.. AKu survey plak kat I-properties.. Mmg ade byk agent yang jual unit ni... Paling murah aku jumpa utk keluasan yang sama ialah RM135K. Tapi unit ni dah terjual... Yg menjadi tanda tanya... NAPE MURAH SANGAT????

So aku survey kat Low Yat forum... Most of the forumer comments yg unit2 kat sini terlampau isolated... Acces ke main road susah.. Besides that ade masalah termite dan maintenance service tak seperti condo, tp macm apartment... Ye la cost maintenance Condo ni murah sgt RM150... So you get what you paid.......

Aku ade tanye a few bank about market value condo ni... Most of the bank kata tak bole dapat tinggi sagt. Maximum pon RM150K...Depa cakap byk unit kat sini kene lelong so effected la market valuenye... Lagi satu Bukit OUG condo ni unitnye byk sgt...'Over Supply'.. Ada '1700' units (betul ke?) and aku rasa kat sini komuniti condo paling besar aku penah jumpa. Bila market demand kurang coz product melebihi permintaan automatic harga jatuh la... Dengar cita masa launcing dulu bagi unit 1222sqft harga dlm RM170k++. After many years harga jatuh plak.. Bukannye naik... Iskh2....Kesian tul buyer2 yg rumah mereka dilelong...

Masalah paling ketara ialah transportation..... Tak nmpk langsung bas awam naik atas ni. Yang ada hanya la teksi.. hanya tenant yg mempunyai kenderaan sendiri jek bole sewa rumah area tu... Dengar cite nnti LRT akan disambung ke area Bukit OUG ni. Dijangka hanya 5 minits walk je ke stesan OUG. Tp x tau bila la akan siap. Tp jangan terkejut bila siap jek harge market value sini akan naik mencanak2 mcm vista komenwel condo...

On da way ke Bukit OUG... Permandangan kiri and kanan jalan mmg menarik... Nyaman dan tenang...

Jambatan yang menyambungkan main road dgn Bukit OUG. bawah tu highway.. Highway ape tah.. aku tak pasti.

Main enterance...

Wife aku tak berkenan sgt dgn condition rumah kat sini... Nmpk dah usang and parkingnye agak menyeramkan...huhuhu

Bagunan dah lama...Berkulat sikit and ada atap genting yang dah tercabut2.... Tapi suasana mmg nyaman. Klu sapa2 nak lari dari kebisingan KL bolela beli umah area sini

Besau sungguh...

Ada kitchen cabinet

Tennis Court

Bangalow idaman aku....Very nice... Byk rumah mcm ni kat kaki bukit Bukit OUG... Ada Hp NO advertise kat bumbung umah tu kpd sesapa yg berminat nak beli or sewa..... Bapa la harganya ek...

Ni pon cantik gaks..... My target in 20 years time....

Apartment Belaian Bayu.... Masalah Lagi...

2009-10-21T22:39:00.006+08:00

Hari ni aku call PKNS lagi... Aku bercakap dgn bahagian sales... Soklan pertama... Puan bila saya bole dapat kunci....Di jangka bulan 11. Bole caye ke ni??? AKu kata.... CF dah dapatkan... Ada masalah lagi ke???? Dia kata kami ade masalah dgn Syabas.. Meter air tak pasang lagi.... Adusss... Tension tul aku dgn PKNS nih.... Bkn CF dah lulus meaning sumenye dah pasang kan.. Itu apa yg aku paham la. Correct me if I'm wrong...

Tak puas hati betul aku dgn jawapan dia... Petangnye aku call lagi PKNS.. Bercakap la plak dgn bahagian technical... Nama dia En. Bakhtiar... Apa masalah lg dgn Syabas... En. Bakhtiar ni pon bg la awapan yg panjang lebar.. Dipendekkan cite masalah berpunca dari isu 20m cubic free yg kerajaan Pakatan Rakyat janji pada rakyat Selangor... Bagi aku... Thumbs up la to Pakatan rakyat krn bagi air free. SO far selama aku menyewa area Taman Medan nih... mmg aku tak pernah bayar bill air... Free memanjang.. Biasa la kat umah ni aku dgn wife aku jek...

Nak dijadikan cite.. Syabas skrg set new requirement regarding this issue. Developer must meet certain aspect in order their application will be process. For example Syabas tetapkan higher spec for pump and pipe meter. Good for buyer but a great lost for developer.. Drpd cite En Bakhtiar PKNS terpaksa keluarkan additional budget dlm RM200K hanya utk pasang meter air. Pemilihan plumber pon Syabas kaco. Iskh2... nape la susah kan developer dan menyakitkan hati buyer.... Dulu masa PKNS yg kutip bayaran air proses permohonan senang jek lulus... Dulu utk permohonan pemasangan air hanya submit S&P only few unit as an example to Syabas. Skrg Syabas tetapkan dia nak sume unit S&P fotocopy... Bila ade unit yg tak sign S&P lagi habislah.... Permohonan xkan diproses... Kan menyusahkan sume org.... Napelah byk sgt birokrasi nih.... Bengang betull aku.....

Then aku call plak Bank Islam.. Tanye status loan aku... Dah disburse ke payment to developor...Feedback dari awek bank Islam tu... mereka dah disburse about RM123K to PKNS and remaing RM27K lagi yg belum dibayar.... Awek tu kata monthly installment aku cantik and takde masalah. Risau gak aku coz aku bayar through Maybank2u every month. Senang...

Hopfully bulan 11 ni leh la aku pindah ke umah baru... Dah tak sabar nak duk umah sendiri....

A Very Good Article For Property Investor Reference

2009-10-06T15:53:00.000+08:00

Your Unique Investment Profile

By: Milan Doshi

I am often asked:

“I have RM100,000 to invest. Shall I buy one property valued at RM100,000 with no loan? Or shall I use the RM100,000 as a 20 per cent down payment, borrow RM400,000 and buy a combination of properties worth a total of RM500,000?”

Although the question seems simple, unfortunately it is not. In order to answer this question, you first need to know your Unique Investment Profile as everyone is different. Your Unique Investment Profile comprises of the following factors:

1. Your Age: The younger you are, the greater risks you can afford to take as you have a lot of time ahead of you just in case anything goes wrong. In life, we all have to take risks, especially when it comes to earning and investing. You must take greater risks while you are still young failing which, you may be forced to take greater risks when you become older.

a) Borrowing money for property investments also entails taking some risks. Hence the younger you are, the more money you ought to borrow. Hence it makes sense to use the RM100,000 as the down payment and borrow at least RM400,000 to buy a combination of properties worth more than RM500,000. Further, you will be able to take loans of longer tenures thereby reducing your monthly installments, compared to someone who is older.

1) If you are retired or approaching retirement, the answer will be to play it safe and buy one RM100,000 property with cash.

2) If your age is somewhere in between, then your answer will be to borrow up to a level you are comfortable with.

Whatever your age, always ensure your potential returns are more than the borrowing costs. It always makes financial sense to borrow money to buy assets like properties that appreciate in value and not things that have no value like holidays or worse still, depreciates in value like cars, television and such.

2. Your Risk Profile: Different people react to and manage risks in different ways. Some are ultra conservative while others are ultra aggressive and some are even die-hard gamblers. Only you know who you really are deep down. It will be extremely difficult for someone who does not know you well enough to recommend suitable investments or strategies suited to your risk profile. There are many types of risk profile questionnaires available, most of which are too simplistic in my opinion. I have yet to come across a detailed risk or investment profile analysis similar to those available for personality profiling. The latter will give you a detailed, objective analysis of your personality or character’s strong and weak points, the type of people you can comfortably work with, the type of jobs suited to you and more. Another important factor to keep in mind is that your risk profile is not static. It will change as you become older, wiser and start gaining experience. Usually, the first one or two properties are usually the most difficult as your learning curve is steep. Your subsequent purchases will become much easier.

3. Your Emotional Mindset: Investing tends to be very emotional as your hard-earned money is at stake. The key emotions involved in investing are: greed, fear, patience, discipline, guts, ego, worry, temperament and the like. If you are unable to control your emotions, you will become your greatest enemy.

4. The Speed of Your Financial Plan and the Length of Your Time Horizon: If you want to get rich fast, say make RM1 million in the next five years, you have to take greater risks as compared to someone who is contented with making RM1 million over the next ten years. The greater the speed of your financial plan and/or the shorter your time perspective, the more risks you have to take.

5. Your Strengths and Weaknesses: You need to exploit your strengths and constantly work on improving your weak areas. If you are married, you also have to take into account and leverage on your spouse’s financial strengths and weaknesses. Say that your personal communications and negotiation skills are weak because you are a shy person by nature. You will find it difficult to succeed in property investments as you have to deal with a lot people like property negotiators, sellers, bankers, lawyers, tenants and more.

6. Your Current Financial Standing: A trained and experienced financial consultant would need to analyse your income statement, expenses and balance sheet which list out your assets and liabilities. This will give them an idea of your:

a) Earning capability
b) Lifestyle and living expenses: Are you a saver or spender?
c) Your monthly savings
d)Type of assets and their returns
e) Financial obligation on your existing loans

From here, they can then determine what sort of additional loans you can comfortably take on. It is not necessary to follow the commercial bank’s guideline of your total loan repayments not exceeding one third of your income.

7. Number of “Headaches” You are Comfortable Managing: Each property is a ‘headache’ in terms of Property and Tenant Management. If you prefer to have one small headache, then use the RM100,000 to buy one property. If you are able to manage more headaches, then by all means borrow and buy more properties. Some of my top graduates have bought over 30 properties and yet they have all the free time in the world. The trick is to find a good full time property manager and train that person well to manage the day-to-day headaches for you.

8. Free Time Available: Depending on your work and family commitments, everyone will have different amount of free time available that they can allocate to study and monitor the markets to put in the required effort. You need to find the right investment products or investment styles that suit the amount of free time you have. You must find the time if you want to become a successful investor. Most successful investors like Warren Buffett, George Soros or Peter Lynch are full time investors. It is difficult, though not impossible, to become a successful part-time investor. The more time you can allocate towards investments, the greater your chances of becoming successful. The big advantage real estate has over other investments is that the bulk of the effort you need to put in is a one-off at the point of purchase. As long as you keep the property, it will continue working for you.

9. Interest in the Investment Products: There is a saying that you can bring a horse to the water but you can’t force it to drink. Likewise, your inclination towards certain investment products will give you certain inherent advantages. For example, some people love driving around in the hot sun admiring properties and visualizing what the place will look like in the future. Naturally these people will have an advantage in property investment and they would be more comfortable borrowing money for property purchases.

10. Your Current Financial IQ and the Amount of ‘Good’ and ‘Bad’ Real Life Experiences you have: The more you know what you are doing and why, the less risks you bring to it.

11. Social Factors such as your marital status (single, married or divorced), the number of kids (or ‘financial liabilities’) you have or plan to have, do you need to support your parents financially, etc. All these will have an indirect bearing on the amount of borrowings you are comfortable with as you will need to put aside some cash for any unforeseen situation. Knowing the above will give you an excellent idea of what your Unique Investment Profile is. From here, it will be much easier to determine the direction your financial roadmap should take, the speed of your plan, the sort of investments you ought to be looking at, the type of risks or borrowings you can comfortably manage and so forth. Many people are forever searching for a detailed step-by-step guide or ‘magic formulas’ or ‘How To’ solutions to getting rich. In my opinion, there is none. It is extremely difficult, if not impossible, to find any one or two solutions that would fit everyone. The answer lays not so much on what’s out there, but what’s inside you, that is, your internal financial mindset.Just like there are many ways of earning money and becoming millionaires, there are just as many ways of investing. There is no ‘right’ or ‘wrong’ way of investing. There is only what is ‘right’ for you. This is why Investing is an art, not science. Hence I believe that it is extremely important for everyone to first learn and discover who they really are and what exactly do they want out of life. From there you need to find the ‘right’ answers that suit you. Different people need different solutions and answers... and the best person to give them the answers are themselves!

Milan Doshi..... Cara nak kaya dlm Property Investment

2009-10-05T14:09:00.000+08:00

Borrow Intelligently as Much as You can

Date: Jul 01, 2009

By: Milan Doshi

During a recent seminar, I challenged all the participants that each one of them must have a goal of having at least RM5 million in bank borrowings for property investments, provided the returns are higher than the borrowing costs. Many participants almost fell off their seats, as it was a little difficult for many of them to comprehend such a figure. Most of them never had any sort of goal as to how much money they should aim to borrow. Let me explain why you should be an intelligent borrower and aim to borrow as much as you can:

1. You can Leverage and get Rich using the bank’s money and less of your own. The key advantage properties have over other investments such as mutual funds is that you can easily borrow up to 90 per cent of your purchase price. With only RM10,000, you can purchase a property worth RM100,000.

If prices were to increase by 10 per cent, your property is now worth RM110,000. Against your original cash outlay of RM10,000, this is a 100 per cent gross rate of return! Instead, if you had invested RM10,000 in a mutual fund and if prices were to go up by 10 per cent, you would have only made RM1,000.

Do bear in mind that Leverage is a Double Edged Sword. If prices were to drop by 10 per cent, your loss on the property would be 100 per cent. Compare this against a loss of only 10 per cent in mutual funds. Hence, you really need to be an intelligent investor as well as careful borrower.

2. Even if you have RM100,000 cash and can afford to purchase the property without any loans, it’s still advisable to borrow money. Reasons being:
a) All important documents such as the title, etc are kept by the bank. If you were to keep the documents on your own and were to lose or misplace them for any reason, it will be a cumbersome process to get a duplicate copy. In case you need to sell, the certified duplicate copies may not be recognised by your buyer’s bank.

Some years ago, a student at my seminar had purchased a shop lot in Sungai Wang and he was sharing with us the problem he faced. Since the individual titles have still not been issued after more than 25 years, owners are required to keep original copies of all Sales and Purchase agreements (SPA) from the developer all the way to the present owner.

It so happened that for the shop he purchased, there were at least seven changes of ownership in the last 25 years and one of the original SPA was lost. Even with a certified true copy of the missing SPA, the buyer’s bank refused to release the loan as the documentation was considered to be incomplete. My student was very lucky to get all his deposits back in this case.

b) When you borrow 90 per cent of the purchase price, you are transferring 90 per cent of the risks to the bank. Many savvy rich overseas investors who invest in Malaysian properties prefer to take bank loans from the local banks even if they don’t need to borrow. The reason they do so is that in a worst case scenario (e.g. developer going bust, country in political turmoil, etc), their loss is only limited to the down-payment of 10 to 20 per cent instead of 100 per cent if they had not taken any bank loans.

3. Suppose you are paying RM1,000 every month for your fixed term loan for the next 25 years.

Due to inflation, the purchasing of RM1,000 per month today and RM1,000 per month in the future will be vastly different. If RM1,000 today can purchase 1,000 lollipops, 25 years later the same RM1,000 can probably purchase 300 lollipops less.

4. Since Your Net Worth = Assets – Liabilities, with properties, you get to enjoy double benefits. Your asset value increases over time thanks to inflation, while your loans are gradually being reduced by your hard-working “employees” or tenants. With other asset types, you only get to enjoy the appreciation aspect only. Even then, part of the return is constantly being eroded by inflation. Inflation works for you in property investments whereas it works against you for other investment vehicles.

5. Let’s assume you have total borrowings of RM1,000,000 spread over the next 25 years at seven per cent per annum. Your yearly instalment RM85,811* (monthly = RM7,150/month) is being covered by the rental income. See the table below for more details

At the end of Year 1, your loan has reduced by RM15,811 which equates to RM1,317 per month. Frankly, it is nothing to really get excited over.

In a worst case scenario where property prices remain unchanged, your Net Worth is increasing passively, thanks solely to the reduction in your outstanding loan. Over 25 years, you will be getting richer by RM3,336 per month if your total borrowing is RM1 million.

What if your total borrowings are RM5 million as per my challenge, which I feel is achievable? All the numbers above are multiplied by a factor of five. Over the next 25 years, your net worth will be increasing by RM16,680 (i.e. RM3,336 x 5) per month in a worst case scenario where property prices do not increase!

If you factor in a modest price increase of five per cent per annum, your net worth could easily be increasing passively at double the above figures. Some of my more aggressive students have even set personal borrowing targets of RM10 million. When they hit their borrowing limits in Malaysia, they start investing overseas in countries like Singapore, Australia and others as their
*Note: Formula in Microsoft Excel is “=-PMT(0.07,25,1000000)” borrowings there begin at zero.

With the right knowledge and the right properties in good locations, it’s not too difficult to set up an autopilot investment vehicle that increases your net worth passively every month. In fact, the more you borrow intelligently, the richer you get!

If you have any comments on this article or questions, please email to me at achievers88@yahoo.com. I would highly recommend that you sign up at our moderated getrichbook egroups at:

http://finance.groups.yahoo.com/group/getrichbook/

It's free for all my book readers and readers of this article. Only relevant emails pertaining to finance, property and stock investments will be approved for broadcast.

Article Contributed by:

Milan Doshi

Financial Trainer and Best Selling Author of

“How You Can Become a Multi-Millionaire Real Estate Investor!”

For more information, visit www.milandoshi.com

My First Property Survey.... Pansapuri Lagoon Perdana

2009-10-04T16:52:00.015+08:00

Hari ni first property survey...Before aku p tgk umah2 nih... aku survey dulu through internet

and baca blog otai2 rumah sewa.... Aku google kat Mudah and find out about Pangsapuri Lagoon Perdana. Reason aku decide utk survey apartment ni coz feed back dari sifu2 yang this property has high market value. Apartment ni jugak bole dikatakan sgt strategik . Below ialah venues which are within 1Km Radius :

- X-treme Park - Sunway Golf Range
- Sunway Medical Centre
- Sunway Monash University
- exit to Federal Highway- exit to LDP- exit to Kesas
- Sunway Pyramid

- Sunway University

Survey punya survey...Perghhhh.... Ada unit menarik for sale.. Ape lagi terus call. Agent kata unit ni only for bumi... Price 88K and 852sqft... Loan bole pegi until 95K. Klu aku berminat dia boleh arrangekan. tapi kena prepare 10% during signing agreement. Loan dia arrange dgn BSN, BLR-2.5%.. Tinggi tu.. and chances nak lepas mmg tinggi... Loan tu plak Zero Moving Cost.. Bank loan xyah bayau.. Bayau lawyer utk umah jek.. Dia kata dlm RM 2.5K.... Then aku google plak list of properties will be auction for this month... Rupa2nye ada unit yg akan dilelong this weekend by RHB... RP price RM90K. Bayangkan harga auction lagi tinggi drpd harga bumi.... KLu ade duit mmg aku sambar unit bumi ni... Below are details for this weekend auction... Bole jadi price reference for bumi unit yg dijual kat MUdah...

RHB.NCM68 5%RESERVE PRICE : RM90,000.003
BEDROOM APARTMENT 852 square feet
Unit No. 3A-11-15 (also known as Unit No.4-11-15),
11th Floor, Block 3A, Pangsapuri LagoonPerdana, Jalan PJS 9/1,
Bandar Sunway, 46150 PJ

Gambo2 kat bawah ni aku snap sepanjang aku survey Lagoon Perdana.................

Apartment ni mmg dekat sangat dgn Sunway medical Centre

Pandangan dari jauh....

Pandangan dekat...mmmh,, Berkulat habis apartment nih..

Parking moto yang tak teratur..... Peti surat yg tak sempurna

Parking banyak kosong tapi agak menyedihkan....

Keadaan lif yang menyakitkan mata... Tapi keadaan ni standard la utk apartment.

Every blok ade dijual air reverse osomosis nih.. Bagus utk tenant.... Notis board tepi kotak air tu penuh dgn iklan mencari penyewa....

Mcm hotel plak.... Day basis tuu....

Sape nak no awek... bole la try call no spt di atas..huhuhu

Room to let price pon not bad....

Semi furnish RM850... mmg bole buat duit ni klu beli unit lagoon Perdana and sewakan.... Ade aku jumpe ad kat mudah until RM1200 org nk sewakan. Tp fully furnish la...

By parking kosong.... Maybe penyewa2 kat sini mostly foreigner... Takde kereta kot.. Sume naik bas....

Parking mengadap umah org kaya2.... Umah 3 tingkat... Bape la harganye ek... Maybe dekat RM1M... So paham2 la harga tanah area nih....

Dungeon and Dragon

Kedai makan mmg tak susah...Byk... Ada klinik bala... Kedai gambo Kodak....99SpeedMart

Conclusionnye..... Aku bole kata... Beli unit kat Apartment Lagoon Perdana ni mmg worth it...... High market price and low bumi price..... Just imagine owner umah yg aku survey tu beli unit ni 5 years ago at the price of Rm 93K then jual pada harga 88K. Desperate nk jual umah tu.... Unit tu already have tenant. Dia sewakan Rm 600 kepada one Parki family.... Agent kata since 5 years ago owner mmg tak penah revise rate sewa dia... Bagus betul owner tu... Latest post kat mudah ade agent jual bumi unit at the price of RM83K...Cuma sqft kecik skit..800sqft... Price cannot nego anymore...On the rental side plak average owner sewakan antara Rm750 to RM950... Aku percaya that price mmg berbaloi dgn kemudahan and Location lagoon Perdana ni..
AKu hanye amik masa sejam to survey this properties... Pengalaman yang berharga...... For me when there is a wil... There will be a way..... Lu pikirla sendiri...

Belaian Bayu... Property Investmentku Yg Pertama

2009-10-01T10:54:00.009+08:00

Hari ni aku call PKNS and tanya status CF unit rumah yang aku beli.... Alhamdulillah MBSA dah released.... Cite pasal CF ni memang menyakit ulu hati betul... Last year aku decide nak kawen and both of us decide nak beli rumah siap... The reason is kami tak nak bazirkan duit bayar sewa kat org lain. Baik bayar ke bank and dah tentu rumah tu aku punye.... Bila tgk budget and survey rumah2 sekitar shah alam... semua tak berkenan. Berangan nak beli landed properties... Tapi apa kan daya modal x cukup... Member2 office pon sume racun beli landed properties... Tapi bila diukur balik dgn ketebalan poket and commitment tiap2 bulan we decide beli apartment. Kebetulan hari tu aku pi PKNS, jalan punya jalan pusing satu PKNS nampk booth PKNS dgn model2 umah... Terus aku amik flyers for Apartment Belayan Bayu and call them. Luckily masih byk unit yg kosong. Aku terus call bini aku (masa tu awek lg) and terus pi jumpa PIC for belain bayu... Nak jadikan cerita Hj ni bgtau aku rumah tu dah siap cuma tunggu CF dari MBSA. Masa tu Ogos 2008. Dia kata dalam bulan 12 kompem dapat CF and bole duduk terus. Pergh.... Bila aku dgr Hj tu punya goreng terus cairrr... Apa lagi kuar RM 500 for booking unit yg aku minat.

Reason aku terus letak deposit coz minat sgt dgn unit tu... takut melepas.... View menarik mengadap section 18... Nmpak la Giant and Mydin... So bg aku worth it la aku grab unit tu compare to facing bumbung flat low cost PKNS. Bermulalah pengalaman aku naik turun pejabat lawyer untuk urusan loan and sign SnP. Urusan Loan xde masalah... cuma yang penatnye masa nak sign SnP tu... Berhelai2... Lenguh tgn.... Complicated betul...

October 2008 aku bertunang... Alhamdulillah sume berjalan dgn lancar seperti dirancang. Dalam kepala, rumah yg kami beli siap december so sempat la aku masuk dulu sblm nikah... Bole la beli perobot sikit2... Tak la pening sgt.. Bini masuk cuci kaki jek... Sume dah ade... Klu sume nak beli serentak pening pale.... Mau makan pasir jek hari2. Masuk jek bulan Dec, terus aku followup PKNS.... Soklan aku, Hj bila PKNS nak bg kunci nih??? Masa tu Hj cakap bulan 12 leh dapat kunci.... Hj tu sekali buat suprise plak... CF tak release lagi... MBSA lambat... Adussss... Berpinau kejap pale aku... Aku ni mmg pantang skit klu org cakap tak serupa bikin... Dia janji sekali lagi... Bulan MAc 2009 siap. Aku tanya blk awal ke akhir bulan? Bulan Mac aku kawen... Dia kata akhir... Aku bgtau tunang aku lepas kawen kita kena duk umah sewa masing2 la utk sementara.

Tunang aku pun sedih la... Nak buat macam mana.. Benda2 mcm ni out of our control... Kene besabar je la. Mac 2009 aku kahwin.... Aku call la PKNS sekali lagi mintak operator sambungkan utk berckp dgn Hj. Rupa2nya Hj dah ditukarkan... Aku tak tau kenapa. Hajah plak yang jaga projek ni... Dia punye suprise lagi dasat... Bulan Ogos baru dapat CF... Adussss.... Gila apa... Takkan nak duk umah sewa bujang masing2 smpi bulan Ogos. Dah kawin pon dok umah bujang.. kompem sangapnye.. At the first place.. reason kami decide nak duduk umah sewa bujang masing2 coz tak nak pindah byk kali. Terus jek dr rumah sewa ke rumah baru... Tp klu nak tunggu smpi bulan Ogos mmg tak dapek la.... Nasib baik rumah sewa abg aku dah siap. Abg aku ade beli satu unit kat Apartment TMJ Blok I. Mmg dia beli utk disewakan. Aku ni his first tenant. The best part is dia sewakan aku RM400 jek... Tak payah bayau deposit... Dia cuma pesan aku jaga jek umah dia smpi umah aku siap... Area Taman Medan sewa standard RM600 ke RM700. Kiranya aku ni bertuah la....

Sume org tanye bila la bole buat jamuan kat umah baru....Iskh2 tensen aku nak jawab... Jawapan standard aku, CF takde lg.... Tungu punya tunggu... xde pun surat dari PKNS suh aku collect kunci..... Dah nak Merdeka ni... janji bulan 8... Habuk pon tarak.. Aku call la Hajah tu... Iskh2.. Jawapan dia mmg menyakitkan hati... Sekali lagi MBSA dipersalahkan kerana kelewatan mengeluarkan CF. Aku bkn nak menuding cari pada sesapa tapi tolong la commit dgn janji2 anda. Dahla start Mei lepas aku dah start bayar rumah yang aku beli tu.. Bayar umah sewa lagi.... Perghhhh mmg tight gila budget aku bulan2.... Harapkan panas smpi ke petang tp ribut petir plak ditengah hari.....

Harapan aku bulan ni dapat la kunci umah baru kami. Tak sabar rasanye nak duk umah sendiri... Almaklumlah org baru nak hidup and rasa ada harta, mmg macam tu... kena start pikir nak pasang lampu and kipas ni... Nak sub kepada kontraktor mana nih.. aku kene start survey pricing lampu and kipas including labor cost.. Buat sendirik mmg aku tak reti... Mau rentung aku kene renjatan elektrik...wakakakaka... rasa nak cat didnding umah tu.... Tp kene bincang dgn wife dulu mcm mana....PKNS kata tinggal 2 unit lagi kosong... Tingkat 9 and 10. Aku rasa harga dalam RM 151K to RM 153K. Sapa cepat dia dapat.

Tarikh Keramat.... 30/09/09

2009-09-30T09:36:00.001+08:00

Hari ni hari Rabu...30/09/09... Inilah post aku yg pertama dalam blog aku ni... Sebelum ni asyik baca blog orang je... terasa plak nak mengasah bakat dlm dunia penulisan... Terkejut wife aku bila aku kata aku dah register blog aku sendirik. Mungkin dia kenal sapa aku sebenarnye.... yang mmg malas menulis and post any comment kat blog org lain... wawawawa. Tapi sumenye dah berubah...hahahaha. Aku baru nak meringan2kan jari menulis blog sendiri....

Apa yang membuat aku decide untuk ada blog sendirik coz tertarik dgn ideas passive income yang dicanangkan oleh Faridzaswadi.... Bila aku baca post dia " Pelabuaran Hartanah Bagi Aku" terus akutertarik dgn idea properties investment to generate passive income. Pastu usha plak blog kengkawan dia yang lain yang sume otai2 belaka dlm dunia hartanah ni... Derang ni sume tauke umah sewa.... Beli rumah lelong or subsale and then sewakan.... Alhamdullialah aku tgk sume berjaya... Muda2 lagi dah kumpul harta... Ada yang tak kawen lagi dah ada rumah sewa 3 or 4 bijik..... Aku mmg kagum... Aku harap suatu hari nnti aku bole jadi macam derang.... Kul 11 jap lagi ade meeting. Iskh2... xprepare apa2 lagi nih... cukuplah sampi sini jek post aku yg pertama dlm blog aku ni... Assalamualaikum..