ASKING SEAN

In this episode, we will breakdown the rental market. In what circumstance a tenant would pay a rent higher than the installment? Doesn't it make sense to own it instead of renting it?
Applying that theory to the property hunting process, we will then be able to identify which project are for investment and which are for own stay.
Also we talked about fixed rate loans. We often misunderstand fixed rate apply to the current rate, however it's really up to the rate that the bank which to offers.

[@farhan3296]

this is one of your best, if not, the best video ever. informative and great insight.

[@iherng]

Wow!! Appreciate the kind words:) Thanks for watching!!

[@gurpalsk]

This idea of looking at tenants with less discrimination is very informative. I work with customers and you’re right can see the difference in how we deal with our customers if we realise how much they are worth in our portfolio. This is a full on business.

[@vineshrajoo2805]

Thanks for the video. Learnt something new today. It is very common to assume that the fixed rate is based on the current rate. Guess, the best option is still the civil servant housing loan.

[@RyanHong1989]

investment properties are so much easier to buy.,. Jus look at figure, figure is priority, everything else comes later.. what sean say is true, i regret in 1 of my purchase due to "emotional" buy... if you follow Sean's step, you will hardly lose out in your investment...

[@twtw785]

Very insightful advice. I have been following your channel from HK. I must say that you are da no.1 M'sia PROP youtuber. No doubt.

[@iherng]

Wow!! I appreciate the kind words. Thank you for watching ❤️❤️

[@teayabern]

Hey Sean, I really appreciate this episode, I learnt so much about properties from you!

[@iherng]

You're most welcomed Teaya:) Thanks for supporting the channel!!

[@teayabern]

@@iherng Will always support you Sean, I appreciate great content, you truly deserve more subscribers as I have said before!

[@morepewpewlessqq4720]

Its all about number crunching! Market throughout the world is in very bad shape, don’t expect it will recover so fast yet, hence countries will drive down key interest rate to spur growth. You will never get the “my rental>loan+maintenance fee+insurance+taxes and bla bla bla” not going to happen. But you can adjust your thinking towards it, simply put, rm1500 rental is exactly rm1500 earned,no? I do agree however to dress-up your unit to force rental appreciation. You really want your prospective tenants to open the main door and have a WOW factor, the ever lasting emotional attachment which makes them talk about it while driving off right? First impression is a very very powerful weapon IMO

[@ivyfung8430]

Sean you're the best! Thank you for doing this.

[@iherng]

My pleasure Ivy:) Thanks for watching!!

[@jjandrooney]

Great content!! Please always dive deep and share details! There's a lot of VALUE in examples and stories.

[@iherng]

Thanks! Will do! I really appreciate the feedback=)

[@loonglijuan504]

@@iherng >>>>

[@meiyanlee1058]

this video is very informative especially on your thoughts on rental, and interest rate! thank you very much

[@iherng]

Glad it was helpful Mei Yan!!

[@benji381]

9:27 should be 0.5%? correct me if I'm wrong 😁

[@ailingkee7574]

Best one so far as i had the same question too

[@iherng]

Appreciate the kind words Ailing=) Thanks for watching!!

[@085051]

Just came across this episode. I don’t understand on 9:27 what is it? Rental rate or interest rate?

[@edwardkok9596]

Hi Sean. Am hunting for value investing properties. Trx residences at 970k (450sf) sounds very interesting. Though 2kpsf the mrt and the mall, park, and financial companies would probably make up for it. Interesting to hear your views whether it will be a wise choice during these covid times

[@izzmalaysia8007]

Makes me think- properties are rich people with money game

[@meiyeeloh9013]

Hi Sean, I am recently looking at properties in Desa park city. Both the sub sale and new projects for 2/3 bedrooms around 1,200 - 1,300 sqf are priced from 1.2mil. While the rental is around 3.5k & above. Most likely cannot cover the instalment. Is it still worth investing?

[@YoungALH]

@@chefscircle6133 Mind enlightening me about that Kopi Tiam investment methodology?

[@kennytan9470]

Very informative and helpful!

[@KPPO200]

Is it worth to invest in Johor if you working in Singapore or better take kl which near to public transport such as mrt or lrt.

[@alexvlogs2452]

How about buy a flat fully paid it's a good deal and then rent it out?

[@kohlee888]

👍🏻

[@iherng]

Thanks for watching =)

[@liawkathy6452]

Hi, my son wanted to buy a condo at Batu kawan. He is thinking to partition the living room to rent out. In this way he has better chance to breakeven on monthly instalments. Do you think it is good or bad idea to partition the living room. Will tenants be unhappy to live in a condo without living room

[@sureshtavamany7735]

Interest rate increased 2wise within 3 years.. no more 8 to 10 years once..😅

[@iherng]

Well the video was made 3 years ago hahaha!! That time interest rate for housing for 2.8% only.

[@Virtualcycles]

Hi Sean, with this current high inflation environment which seems like not ever coming down ever again, is the idea of flexi loan you suggested in this video still apply?

[@iherng]

I don't understand which part of the idea of flexi loan again?

[@Virtualcycles]

@@iherng Sorry i might have confused with you're other video.. Basically wanna ask is fixed rate loan or flexi loan more prudent in this high inflation environment? Thanks for the reply!

[@Rekaus]

Hi Sean I would like to know your opinion on the rosewood project by exsim in Bukit jalil, is it good for investment? It's super nearby from muhibbah lrt station and low dense. More suitable for investment or stay purpose?

[@tzecheinong4808]

Would like to know as well. Hope Sean can give some opinions. TIA

[@iherng]

It's more inclined to investment in my opinion. Well, it's also subjective whether do you need the LRT everyday. If you're taking it daily, then it's a plus point. But if you're not, then it'll be noisy and crowded. Plus you have to look at the surrounding density of population and the existing rental rates.

[@peiyeefoo2854]

AiA is the only one provide Fixed Rate Home Loan

[@ngkengzhing]

You are very cool! Love all your content !

[@iherng]

Glad you like them!

[@ngkengzhing]

@@iherng yes your effort is 👍🏻 love it !

[@deadboy164]

What is flexi rate? Is it Term loan and Flexi loan?

[@peiyeefoo2854]

Watch this Video in 2022, the interest rate is increased

[@ylihao]

lol ya

[@tangchuengkhai]

Maybe the tenant creates more troubles and damages to the Property compare to the profit they are generating for you.

[@iherng]

Now they are insurance that protects your property even from malicious damage. I subscribed for my own investment=) Thanks for watching Chueng Khai.

[@michaelchiayin351]

Great explain :D but now interest rate is up ahhahh

[@masterj0j0j0]

Hi Sean, thank you for the great insights of the current issues and market condition. I am currently looking out for my first investment property and I would like to know your opinion on the Hipster project by Asset Kayamas in Taman Desa. Considering the surrounding rental to be RM1,400 (bare unit), RM1,600 (partial furnish) and RM2,000 (fully furnish) and the monthly instalment is around RM1,500 to 1,600 approx RM451 persqft (excluding maintenance). As the surrounding has a lot of development, my concern is that the density in that area is too high (900 units + other developments around) and you will be competing with many other units when looking for tenant. Keep up the great content and do look forward to your reply. Kudos and cheers bro.

[@jjandrooney]

Just a tip. Make sure you have enough savings/capacity to handle situations when you will not have tenants. 6months worth would be a minimum. Like you said, there's a lot of competition. Especially if you do not have MRT/Malls. What makes your condo special? or even.. what makes your condo UNIT special from the other thousands around. ALL THE BEST! Make calculation decision, hope for the best, prepare for the worst. Also think about the opportunity costs of you going in. Factor in, painting, maintenance, strata fees, cukai taksiran, cukai tanah, etc

[@masterj0j0j0]

@@jjandrooney thank you for the tips, am lucky to have veterans with experience in guiding us through these journeys, in the event there is not tenants I am able to cover the monthly instalments the opportunity costs would be lesser savings for that few months.. seeing the fd interest rate at the moment it does not make sense to continue keeping money there as it does not beat the average inflation rate of 3.5% stock markets are also very volatile now although I have some investment in the market it would be wise to diversify the risk. Hence looking into property investment.. However, I'm a strong believer that the location is way more important than bigger units.. But not sure whether taman desa is a good area for rental tenants. IMO I would be gladly staying there if I am working in KL. But many tenants may look for convenience in the sense that they may not have a car, so hence the worry about competing with tenants from the multiple developments.

[@jjandrooney]

@@masterj0j0j0 agreed, FD rates are rubbish. Yes, one factor to consider. Also look at the number of units up for rent in particular condos around your area. Will give a sense of the occupancy rate in the area. If let's say 80% unoccupied it might be challenging. Also drive around the area at night, see how many lights are on in the condos will help judge as well. Perhaps you can also contact agents around the area. Ask them how many rental units available in this condo? Keep calling and befriend them, they have on-hand knowledge of the area.

[@tharmendransukumaran6626]

@Quriosity thanks for the insight

[@christianachandrasekaran8662]

Hi, 3 years later and im curious. How was your first investment property purchase. Any insights you would like to share as I am on the search for my first as well (:

[@lizliew3903]

👍🏻👍🏻👌🏻😍✌🏻🙏🏻

[@iherng]

Thanks for watching Liz!!

[@Yoshigamer1]

Might quinn residences wangsa maju be a good investment property? Its next to lrt. Close to mall and city. Might be looking af a 4 bedder or 3 plus 1 study. The agents advising that theres potential student crowds. So good to have 4 rooms to rent out. Hee. True?

[@RyeonLok]

sifuuuuuuuuuuuuuuuu!!!!!!!!!!!!!!!!!!!!

[@iherng]

Wwwwwwhhhhaaaattttsssssuuuupppppppp!!!

[@keithchong9944]

Bro cannot be 70% principle and 30% interest. Perhaps 80% interest and 20% principle

[@BobaPom]

You are right.. I'm kinda confused with that as well.. haha

[@SawAndrew1992]

This video didnt age well😂