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ASKING SEAN

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iherng

iherng

Күн бұрын

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In this episode, we have another young Malaysia working abroad in UK, trying to finance his first property in KL. So we discussed many different blind spots to address in order to position ourselves better in real estate. But my suggestion is for this young man to first hold back, and invest the money in himself. Upgrade knowledge and skillsets to increase his earning ability first, then come back 5 years later.

Пікірлер: 25
@petiachoo1615
@petiachoo1615 Жыл бұрын
Wow one of the most informative episodes. Since you already taken the UK plunge, all the best for your foreign adventures! Hope that you had a good "friendship price" from them.
@maxleong91
@maxleong91 Жыл бұрын
the first thing that came to my mind was also the FOREX... earning GBP1.6k there and using GBP500 to pay the mortgage here.... is GPB 1.1k there enough?
@indderkumararsaythamby8172
@indderkumararsaythamby8172 Жыл бұрын
Thanks, Sean for answering my question. The reason behind this was because of less to no commitments and affordability-wise, it's 35% of my salary. You've got a valid point there, I should invest in my skillsets which I am working on in parallel. Maybe I can go for cheaper investments or have backup support to be safe in unforeseen circumstances. The rental yield was based on my research from the property market which I've considered the lowest. First time asking such a long question so forgive the confusions that appeared here and there. My plan is to build a good job portfolio here for 5-6 years. If I proceed with this I'll have some level of commitment to keep developing myself for better earning ability. The exit strategy is what I am still thinking of which I will figure out before jumping in. Thanks for answering your best to my queries.
@iherng
@iherng Жыл бұрын
Yea. So my suggestion is to first chill and focus on the career while doing more research around properties that are not as expensive. Expensive is not necessarily good yea, plus within that zone you can anytime come back in 5 years time to own them, maybe at cheaper price too.
@trulyhojicha
@trulyhojicha Жыл бұрын
nice that you did a spreadsheet comparison and analysis !
@txtxeded
@txtxeded Жыл бұрын
Hey Kumar, it's really happy to know that you start thinking of property investing at such a young age. While you cannot invest in property yet, I'd suggest you to invest in stock market by doing dollar cost averaging into SP500 etf on monthly basis. That grows your savings while you are getting ready to enter property market. Don't get me wrong. I'm not selling you anything but just merely sharing. 😊
@oraza66
@oraza66 Жыл бұрын
Yes true the bank loan is based on the market value by professional valuer...speaking of which the property agent my plug the valuation out of thin air
@ericlai3221
@ericlai3221 Жыл бұрын
7:24 wonderful advice👍
@Kaipochama
@Kaipochama Жыл бұрын
Malaysia’s agents are so not professional, and usually when you hear something that is so good so good(be it any field including cars), they were usually exaggerated by the agents.
@newname3718
@newname3718 Жыл бұрын
Not just property agents, many different field salesperson are actually bad at their job 😂 ask them stuff and 70% of the time they reply don't know.
@Tunpredictable
@Tunpredictable Жыл бұрын
Wah, thanks for sharing very scary but important questions to consider!
@MaChao777
@MaChao777 Жыл бұрын
Hello Sean, thanks for the great insightful knowledge and really love the contents that you put out! BUT why would you still rent a place instead of staying in one of the properties that you owned? I'm sure you owned multiple properties by now
@zaraallysha
@zaraallysha 8 ай бұрын
I buy 5 properties all for investment. But the one I stay is rented, monthly costs less than bank instalments if I buy, also it's near to our workplace
@bevislim99
@bevislim99 Ай бұрын
Hi sean, im Bevis im 25 yo currently making nett income of 4.7k, what is your opinion on savings before start investing in property, whats the amount that you would say is enough for security and safe to play the game?
@koghivk6904
@koghivk6904 Жыл бұрын
Morning Sean, wanted to know how to identify median price psf. Let's say we compare within that area, but all the developer pyt high price tag...Then how? Any other method for new property?
@mr.e6588
@mr.e6588 Жыл бұрын
First! Still patiently waiting for Sean Tan's watch collection video 😬
@iherng
@iherng Жыл бұрын
It will not happen in this channel hahaha
@ric3905
@ric3905 Жыл бұрын
The whole video seems like KL Sentral really not like a good choice. 😅
@iherng
@iherng Жыл бұрын
It’s not suitable for this young audience lah. The currency exchange gave them illusions of affordability.
@Babyy777
@Babyy777 Жыл бұрын
@@iherng Hmm i was also wondering the same despite kl sentral is a cbd n also transportation hub. So far only seen one video iherng reviewing a condo in this area.. I wonder why ya?
@ryanchong3168
@ryanchong3168 Жыл бұрын
Where is the link for dreame?
@iherng
@iherng Жыл бұрын
Dreame L10 Ultra Robot Vacuum : bit.ly/3ZMKASa Use PROMO CODE: DREAST for RM 200 off.
@ifeelhalfnaked484
@ifeelhalfnaked484 Жыл бұрын
Also, dont get married in your 20s, there's a high likelihood you will make mistakes, because of financial incapability that leads to stress, not considering the fact that level of income may directly proportional to the type of people you surrounding with
@knock-knockwhosthere9933
@knock-knockwhosthere9933 Жыл бұрын
Meaning don't attend family gatherings 😂😂😂 ah boy, no gf yet? Aunty can intro.
@ifeelhalfnaked484
@ifeelhalfnaked484 Жыл бұрын
@@knock-knockwhosthere9933 i foresee investment units will likely boom in future, the high cost of living doesnt facilitate most youngsters get married
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