ASKING SEAN

Рет қаралды 16,096

8 ай бұрын

Link to join my team in property investment club: bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: wa.link/0ea7rb
First of all, several facts that's outstanding. Earning RM20k at 23 freelancing, then having the maturity to invest early and discovering such a niche in investment portfolio. My audiences are simply awesome.
Anyway, we discussed about how to measure yield for property. Then how much is considered high? Also how should a 23 years old invest? Should he go for a home right away? I encouraged him to stay tight and boot strap further meanwhile investing more to better ensure his future.

Пікірлер: 45

@izzatarif9686 8 ай бұрын

Suddenly felt proud when Sean mention cyber, bangi and kajang. The suburbs is nice. I live on Bangi and frequently goes around those areas. Not as fancy to city. But happy with the cost of living. Mostly landed in this area. No serviced condo much. Cyber though is the more premium n very expansive landed housing

@May-cz2uo 8 ай бұрын

Good job Sean...good advice to all. You are not stingy in your knowledge.

@iherng 8 ай бұрын

Yea I'm always doing my best. Thanks for watching!!

@balakrishnan3820 8 ай бұрын

Yield calculation, to clarify, property price = s&p listed price or loan + dp amt? With rebates, etc , actual paid out differs

@tanyijing8488 8 ай бұрын

My property rented to students without any partition, currently yielding 8.5% , positive cashflow 2k per month with 130K cashback, used that to finance lawyer fees and renovation , rented out within 5 days upon advertising myself even before completing the renovation. Its so unreal, but trust me, its all the truth. For me the exit plan is not that important in my case as I have put 0 sen in the property and its already self sustaining, even if the value drop which i highly doubt because value is highly correlated with the rental demand, i dun really care as its already self sustaining and generating positive cashflow of rm2k per month , i will put the rm2k back to the loan and refinance it on the 10th years tats my "exit" plan

@jylaw9495 8 ай бұрын

glad to hear your successful story sharing. Can i know which project you bought?

@weien3192 6 ай бұрын

Glad to know investment like these. Highly appreciate if can know the project or location as well🫡

@LianJim 8 ай бұрын

Most likely is IT background and he’s taking few subcontract project/ jobs at same time. Coming from IT, I can say it’s possible. Malaysia market now bit crazy, willing to pay youngster so much without justifying the quality. But then again, Malaysia bosses doesn’t care about the quality also.

@windflash9941 8 ай бұрын

If coming from IT, which aspect of IT might offer 20k per month for freelancing. Is it computer science?

@LianJim 8 ай бұрын

@@windflash9941 the niche part. Some company are willing to pay a lot just to get things done. Or startup with huge funding to splurge. Data science and machine learning and cyber security pays one of the highest because of high demand in this field.

@iherng 8 ай бұрын

Thanks for sharing that LianJim;)

@kinboon3138 8 ай бұрын

Markerter love to push as ABnB which show high return.

@iherng 8 ай бұрын

So as potential buyers we need to choose to be informed.

@whatsuphuman145 8 ай бұрын

Glad to know what freelance pays 20k per month

@windflash9941 8 ай бұрын

Any idea which freelance he do?

@iherng 8 ай бұрын

It would most likely be tech based.

@skleo7765 8 ай бұрын

22 year old and earning rm20k is really top notch! Many people can't reach that income level even if working for many years. Anyway, freelance is a good job. He should be thinking of opening up a company and making it a proper business instead of just freelance.

@ws4412 8 ай бұрын

Nice reverso.

@iherng 8 ай бұрын

Nope it's not hahaha;)

@PapaZigg 8 ай бұрын

Hi Sean i have a question. What is a safe cashback amount. How many %

@tantcx 7 ай бұрын

You need to minus the annual expenses to get the actual rental yield.

@iherng 7 ай бұрын

Well it’s entirely up to you on the details of the actual yield. You wanna include up to tax, IWK fees, and etc all up to you:)

@chickenchopfriedrice 8 ай бұрын

i am happy that a person can earn 20k a month. just that it is extremely irresponsible to underpay the taxes. hope the e invoice thing can reduce such unfairness

@dannySG61 8 ай бұрын

GST is even better. Too bad that in getting rid of Najib, it has become a convenient ammo and unfairly demonised. The current SST regime is a joke, plenty of gray areas and grossly inefficient.

@chickenchopfriedrice 8 ай бұрын

@@dannySG61 is diff issue actually. 1 is income tax which related to wealth redistribution. another 1 is consumption tax that related to economic activities

@willc7861 8 ай бұрын

Dont b such a bitter cuck. Politicians & tycoons get away with billions of unpaid taxes. Dont drag down the average hustling man.

@rayks7728 8 ай бұрын

I have another opinion on calculating rental yield, is dividing total property price which is on loan makes sense? Unless you have settled the loan in full. I think should be calculating based on the cash outflow instead, if you are on full loan, 590k house you might end up paying up to 1.2m on loan maturity, and the risk of property value might not be appreciated. Should we buffer more on property value for rental yield calculation ? Let’s be realistic

@chickenchopfriedrice 8 ай бұрын

maybe you die while paying the installment leh? the mrta settled the outstanding loan

@rayks7728 8 ай бұрын

That’s for the benefit of the successor of the property not myself

@jessgan2055 8 ай бұрын

Yea I agree with you too.

@iherng 8 ай бұрын

Good point rayks. Well it's entirely up to you on the calculation method. If you need more buffer than it's absolutely ok.

@zaraallysha 7 ай бұрын

Yield = 12mths rental ÷ property price

@andytay9062 2 ай бұрын

Hi Sean, appreciate if you can explain with figures of the calculation of resale with 5% break even? How to get 900k by way of reverse calculation? 😅

@iherng 2 ай бұрын

Payment for every 100k loan is about RM450 per month for 35 years at 4%. Priced at RM1mil, the RM900k loan then will be RM4050 per month. So if the property is rented out at RM5000, it’s almost RM1000 extra (don’t including maintenance because bank don’t calculate) If I sell the property at RM1.1 mil, the new installment of RM1mil loan is RM4500, means the owner can still breakeven after paying RM100k more. Would you then sell the property if it’s bringing you RM1000 extra every month? Only at a good price right? :)

@andytay9062 2 ай бұрын

@@iherng Wow, I never thought in that direction, so even if the purchase price is at 1.1mil, it is still positive cash flow RM500.00, then if 1.2 mil, it will be breakeven for the income and costs, I got it, this can be used to calculate the fair value as well, really appreciate your patient teaching, thank you so much Sean

@zaraallysha 7 ай бұрын

Im 45 earning 21k. Enroute to acquire 2nd and 3rd properties Alhamdulillah