ASKING SEAN

[@thecowegg]

Wiling buyer wiling seller 😀 but i see a lot of properties in KL/Selangor is over speculated. Whenever you are buying, agents will always make it that people are buying like nobody's business but when you are selling they will tell you all sorts of stories 😂

[@MachaPunk]

I think this is one of the best Asking Sean episode, manage to compile all your past episodes tips and tricks into 1 haha

[@iherng]

Hahaha. I really did my best in answering every single question asked ;)

[@Anna-kn5ks]

Agree. Detailed question n detailed response. So good lesson. I comply too

[@tanyijing8488]

Just rented out my unit in Sunway with 2K positive cashflow 😂😂😂

[@iherng]

Wow!! Congratulations!! Thanks for sharing:)

[@incisor78]

Mind to share where?

[@smk8678]

@@incisor78 Sunway geo

[@christopherlaw9184]

About 5mins 10secs to read out this email 🙄 I wish people kept their questions concise and stick to about 3 minutes maximum. I feel sorry for Sean sometimes….

[@Magichuman123]

Could have summarized using chatgpt 🤣

[@NadimIbrahim-p4f]

I like how the full context was set up though. It gives a lil flavor instead of just a summary of what their questions are.. Reading out the email makes the other side more human

[@Anna-kn5ks]

They want Sean to see the WHOLE PICTURE. We viewer's want to hear too bc every Q+A is a lesson for us. Pls be understanding.....

[@christopherlaw9184]

@@Anna-kn5ks NOT every viewer. Please be understanding too…

[@Anna-kn5ks]

@@christopherlaw9184 Well, it's really up to Sean the. Just had to have d last say didn't you Chris? Just like in the office. Duh...

[@aaronchia8901]

This has been the most informative episode and some insights to how people can start to build their wealth from property investments. Very well illustrated. Great job Sean!

[@desmongoh2134]

As am 1 of the empire remix 1 owner, it is a problem when the developer did not complate the project, and tooks 95% of the loan amount frm bank and now just stuck with minthly installment without a place to stay or rwnt out... HCK said wanna take over, but heard it may not happened... dun know what to do..😢

[@hohoh1225]

When during MCO end 2022, I rent a quiet new condo in Bandar Sunway 2b+2b around 800sqft around rental RM2400 exlcuding utilities, that time i feel sibeh mahal. By just after 1 year, the new contract that the owner rent out RM3300 to a foreign student (and only very budgeted partially furnished, such a kawkaw rental yield and there is huge demand but competitive as well.

[@Anna-kn5ks]

May I know which condo bc I'm looking for 2br bit quiet place in B.sunway. thk u

[@hohoh1225]

@@Anna-kn5ks Greenfield

[@TheMarpleholmes]

I’m planning to buy a condo (2bedrooms + 2 bathrooms + 2 car parks side by side), manage to get book for the price RM 426k. Monthly payment probably around RM 2k, excluding maintenance RM 236. So far this is the best offer for a two bedroom condo, considering the size and what it offers (2 car parks), the others that I’ve looked at are around 600+ sq (the price is even more expensive but partially furnished but offer one car park) whereas the unit that I’m going to buy is 700+ sq , bare unit not much different than 3 bedroom condo, bare unit, 800+ sq. Everyone around me say “way so expensive for 2 bedroom, can find better offers else where, etc)” I think it’s the location, next to Aeon mall and there’s MRT nearby going to be built. Not many high rise in the surrounding area, probably not after this. Also it’s because I want to be near my parents as well. But I do have some doubts when people comment like that.. I guess at the moment, I will stick to my decision.. if not me, other people will also buy the 2 bedroom condo, so there must be valid reasons why they choose it

[@carlsmayyy]

Wah to me this is a hella good offer tho 🥲

[@najmishahidan422]

Vesta?

[@littleocean93]

Educate children on real estate 👍🏻

[@oraza66]

LOL...true ..the students are parading latest fashion on campus!

[@hazimyusoff67]

Haha, i think its a good problem to have. Besides, context is everything

[@jackyleejckyl]

Hi Sean, can airbnb income be counted as rental income? If yes, how to do it?

[@iherng]

As I understand, the answer is cannot. It's not recognised yet. But let me try to find out more.

[@jackyleejckyl]

@@iherng Okay sure, tqvm

[@ytl9110]

Hi Sean, wondering how does the rental cover installment strategy work if we buy subsale? Let say I bought a new condo, rented it out (rent cover installment), now I wanna get a cheap subsale (for investment also), I still need to pay 10% downpayment right unless I get 100% loan or I mark up my selling price

[@iherng]

Yupe. In fact you’ll need to be ready with 18% capital upfront for the sale and this is not including the renovation works.

[@ginnieeeeew]

Hi Sean, thanks for making such great content! You mentioned rent collected can be declared as income to LHDN, can I deduct costs such as monthly installment and property agent fees so that I don't need to pay so much income tax? Haha thanks in advance!

[@iherng]

Monthly installment I don’t think so. But interest can be deducted:)

[@jonnowee983]

Biggest mistake is to over capitalised renovation cost into a landed property. And consuming considerable capital resources within a landed home means less investable funds. Investing heavily into renovations is a sunk cost (a no-no) as the next buyer would not appreciate those renovation as such things are highly personal & they will not add value into the resale price. Property investing requires personal sacrifice & strategies to accumulate both capital as well as a property portfolio. Wouldn't invest too much into a owner occupied property as there is a trade off with the amount of spare capital that one could use to buy investment property as opposed to sinking monies into a property which cannot be monetized for added income source. Emotional property buying can also hurt the eventual returns. As price paid was too high & done in an emotional fashion. A cool property investor would only buy after much doydd & much personal research. Overall, the writer committed too many errors in his property sojourn.

[@leg7925]

After covid there are much more wfh opportunities. I had been wfh for 3 yrs after covid and to be continued. I feel this is great, funny facts is i bought prime location prior covid and i had no chances to stay at all (cos i can stay at much comfort hometown since wfh) at the same time rental & selling price also dropping alot after covid so i keep the unit empty. With more wfh opportunities i think kl center area no longer that prime, we also see many office are moving out especially those want to grow with bigger plant or warehouses. But also when i thought i can stay more further, landed home, but have a young kids now, so im wondering is it still good to moving to other state when concerning the education and social environment for the kids ? Hope to enjoy big landed by new project need to wait few years then when VP most probably i need to back to kl for kids education 😂?? Anyone can share some educational advices outside kl like seremban, perak, selangor?

[@ytl9110]

This episode is insightful!

[@iherng]

Thanks for watching ytl:)

[@rohanaabdghani2875]

Oooo, use the working childrens' name to apply housing loan, yeah just like what I did. Educate them on property investment, they will thank me in future.

[@Devin69695]

learn alot of things from iherng im now 20 i wanna be the next iherng HAHAHHAA

[@petiachoo1615]

nice flex

[@michaelyap6]

I got 2 property flat 660squarefeet to buy .. same size same design 1st is 150k with no damage or no need to do renovate 2nd is 130k with damage tiles,playwood covering ceiling damage and I need to do some brick work to make a wall which their tear down .. Which one should I take?

[@Eugenewong794]

Agree with the working in small towns for gov servants, I'm a medical doctor working in small town, due to lower rent and petrol cost, I can save min 30% max 60% of my income every month to invest in stocks and upcoming properties, in fact me and my wife both only been working 4 years we ady have >100k in stocks, cash and assets (not including properties)

[@carmenemrac]

Lol, can invite my dad lar, close to 60 year old uncle, with kids who are bugging him about properties now

[@BlackManiac94]

Just got a question, on rolling the money from tenancy to get another property . What will happen if 1 or 2 of your house did not get rent at all? No tenant for like 2 or 3 month? monthly still need to pay, but most of the income was from the tenant

[@iherng]

That's the risk tolerance and management part. Although you can qualify for loan doesn't mean you can afford the property. So what I share often is to have a safety amount of 3-6 months just in case the projects are empty. Great question!!

[@ylihao]

I feel we really need to emphasize more on the “emergency funds” concept leh… many still don’t seem to have the idea or awareness of the importance of having emergency funds before you start to invest 😬

[@ytl9110]

​@@iherngIs 3 to 6 months enough though? When u have more and more properties, the safety back up amount should be more?

[@siangjamchi5194]

Sorry, didn't manage to see through. The questions is too lengthy

[@AnnoyingApple86]

very contradicting. Got money dont want to spend. when no money, want to spend even more

[@nickloong]

Prosperity problem that needs careful decisions and management!😅

[@littleocean93]

Interestingly the video length is 33:33

[@leesieneng9302]

Any review on skyline kuchai

[@mell7702]

damn! i am the auntie dah

[@TYC9122]

Excellent content

[@ericong5200]

Ya, is true, I took full flexi loan, every month I put extra RM1k on top of the monthly instalment and I finished the loan in 13 years.

[@jm0402]

how much did u loan?

[@ericong5200]

@@jm0402 Not much, 400k only, during pandemic period did help a lot to reduce the interest because the OPR remain the same.😃

[@mazlisyahabuseman]

Great input sean.

[@Jun.10]

Favourite episode of Asking Sean ❤️

[@iherng]

Appreciate it June:)

[@NadiaMocta-ev6jw]

Wow long story but can relate to many people.. 😊

[@zen2470]

can you cover skyline kuchai lama please

[@ylihao]

“I don’t have a drone to fly around Subang looking for empty plots of land.” Ever heard of Google Maps? 😅

[@hackmandavid]

I believe sometimes its best to act ignorant and listen more, that way can gather more info and add value to your existing research.

[@fkmyoutube]

Sean, you should start charging people. It's literally free property consultation! Anyways, learnt alot from your sharing. Hope your channel keeps growing.

[@ssddsquare]

I already can hear in my head: Last time I told you, you don't listen. Where got people put 1 million reno one... You always never listen to me, think yourself very smart...