ASKING SEAN

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Жыл бұрын

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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.

Пікірлер: 42

@praveenmarkandu Жыл бұрын

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 Жыл бұрын

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

@ericlai3221 Жыл бұрын

2:04 very true! thanks

@yappaulying3088 Жыл бұрын

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 Жыл бұрын

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

@seantham9046 Жыл бұрын

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?

@GK-sm8pp Жыл бұрын

Hi can do an episode to review Astrum Ampang

@brightlaw95 Жыл бұрын

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 Жыл бұрын

U must be buying havana or residency hahah, same

@brightlaw95 Жыл бұрын

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

@edisont5163 Жыл бұрын

Finally you get yourself a clip mic 👍🏻

@patricklim3338 Жыл бұрын

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

@karenchin8466 Жыл бұрын

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 Жыл бұрын

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

@tanchinkoon Жыл бұрын

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

@karenchin8466 Жыл бұрын

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

@tanchinkoon Жыл бұрын

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 Жыл бұрын

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

@pbz1987 Жыл бұрын

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 Жыл бұрын

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...

@nickcdiaz1349 Жыл бұрын

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 Жыл бұрын

Sorry I forgot to say please 😂

@bmagnus2729 Жыл бұрын

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.

@111nyg Жыл бұрын

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 Жыл бұрын

Dude did you not even watch his video?

@fattyxun3595 Жыл бұрын

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

@iherng Жыл бұрын

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

@one688easy Жыл бұрын

Hi, r u the one selling sky88 in Johor in the past ?

@iherng Жыл бұрын

Nope.

@bossjack6251 Жыл бұрын

Woohoo

@iherng Жыл бұрын

Hehehe;)

@eugenekoh1760 Жыл бұрын

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.