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ASKING SEAN

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In this episode, we will discuss when this audience should prepare and purchase his 2nd home. That depends on several factors:
- Is the first property used for investment or own stay? That will affect the DSR calculation as rental can be declared as income.
- Is it a new property or a subsale?
I have also shared on how usually property investors maximize their DSR by renting a house, also how we should leverage on the current opportunities before the policies will be changed.

Опубликовано:

4 сен 2024

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Комментарии : 47

@praveenmarkandu Год назад

Your tax deduction point is interesting. Technically you need to be aware that your expenses will rise significantly as you age if you play the 'collect properties' game. You won't be able to deduct much tax. So 20-30 years in the future you could save way less or have more taxes to pay.

@iherng Год назад

Well paying tax is never a problem when we are making money right? Anyway, thanks for sharing.

@yappaulying3088 Год назад

i just thinking to email u asking how to buy a second house while here its, last sunday i just sign SNP, because i was inspired and learn alot from your channel. Thanks again !!

@iherng Год назад

Hahaha. Well thanks to this audience from UK then hehe. Thanks for watching Yap;)

@karenchin8466 Год назад

I just interested where he said there are plenty of houses completed can cover instalment. I no idea how to find it, most of I get is new projects

@iherng Год назад

New projects with such criteria are challenging to find. Usually it’s found within the subsale market, auction market and bulk purchase route.

@tanchinkoon Год назад

New project is a must to avoid it....unless have bulk purchase price....subsale yes agree

@karenchin8466 Год назад

@@tanchinkoon unfortunately if cashless, new project might be better way. I do not have contact with bulk purchase

@tanchinkoon Год назад

Monthly will need to pay bank interest until the project finish...when get key,still need to pay maintenance fee before getting key.....new project have risk been stop or stuck .....for mine understand only la....not right or wrong,just risk tolerance us difference

@karenchin8466 Год назад

@@tanchinkoon Yeap, depends on individuals situation, for investment purpose new project holding dsr quite long but if worth it then can go for that

@Kenzzes99 Год назад

Still waiting for makeover guys to come to Penang T_T My new house will be ready in Q1 2024, I hope you guys will be here by then.

@allen-ef6ku Год назад

U must be buying havana or residency hahah, same

@Kenzzes99 Год назад

@@allen-ef6ku TreeO haha but I have considered ideal residency

@seantham9046 Год назад

Question on the matter of taxes, does that mean if I rent out a property at RM1800 (technically income in the eyes of a tax people). If my mortgage instalment is RM2000, does that mean it nets off my taxable rental income in this case?

@hzqqqqqq 2 месяца назад

hi hi. may i know which bank consider 100% of rental income as an income? as most bank only recognize 80%

@iherng 2 месяца назад

This is seasonal yea. It means sometimes they consider 100%, sometimes they consider 80%. It’s not something fixed yea.

@Rsm8pp Год назад

Hi can do an episode to review Astrum Ampang

@pbz1987 Год назад

Normally bank can allow DSR up to how many percent? Is it possible to reach 70-80%? Also is the DSR calculation based on take home pay (after deduct EPF, PCB etc) gross income?

@sr-br2qt Год назад

There is a difference based on income..if salary above 5k some banks may offer up to 80%...dsr is calculated from nett salary after minus ...just Google dsr calculation u will get the formula...

@fattyxun3595 Год назад

If im making losses from my property's, do the goverment still charge me taxes?

@iherng Год назад

So there are no rental income to be declared in that case.

@maiakfa1253 4 дня назад

U just awesome ! Tq

@edisont5163 Год назад

Finally you get yourself a clip mic 👍🏻

@patricklim3338 Год назад

Hi sean, how u think about chan sow lin area ?

@111nyg Год назад

I am 29 need a place to stay, should I rent one for stay and buy one for invest, or buy one for own stay. If for investment, is it better to buy property that is ready compare to those that needs to wait few years.

@RserBot2 Год назад

Dude did you not even watch his video?

@hlyh1230 3 дня назад

Lazy folk deserves no answer

@111nyg 2 дня назад

Thanks for your reply, I sorted it out😃

@jylaw9495 Год назад

Sean you currently already owned 25 properties? 😱

@iherng Год назад

That's the goal. Trying hard to get to half of it soon hehehe;)

@AfiqFaisal Год назад

@@iherng how did u manage to pay all the yearly cukai pintu, maintenance fees etc for all of your 25 properties? 😮

@nickgan8089 Год назад

Is your rental income enough to cover monthly maintenance fees too?😮

@eugenekoh1760 Год назад

MY Govt is the biggest bugbear to residential property investing for foreigners, for what I feel. The MM2H is a testament to their poorly planned policy that severely lacks coherence. Not to forget that one of the tenets in real estate is the confidence in the government- to which MY is lacking after a series of political dramas since 2018, intrigues and perpetual kleptocracy. Perhaps MY residential real estate investing is best left to KL/Georgetown &/or their domestic demand.

@nickcdiaz1349 Год назад

Hi Sean, I really hope you answer or provide some advise. I’m 35 this year, looking to buy my first property for own stay. Should go for a place where it is affordable for me yet can potentially land an increase of price later on or should I just go for a place in a location that I like and happy living in regardless of the selling point later on?

@nickcdiaz1349 Год назад

Sorry I forgot to say please 😂

@bmagnus2729 Год назад

This one no answer one o. That would depend on what you want in your life. You want to focus on return and give up your lifestyle or you want to focus on your lifestyle but give up on future investment. At the end of the day, what you need to keep in mind is that your own stay house is an expenses not an investment.