ASKING SEAN

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In this episode, we will address a question from a young couple regarding their property investment journey. They are stuck at the junction between new and old property. Which one should they choose?
Well also we discussed about renovation budget, also the mindset of investment. Enjoy;)

[@puiyinchai1437]

9000 income with 400k saving. Thats really impressive. I think if they save abit more, they will have more option to choose from

[@mosquitoooooooooo]

if i can go back to the past. I will rent a place/condo near MRT. Buy a landed or permanent house is long term and the requirement changes in accordance with your age and other factors. Not everything will be smooth, I was in a period where I was layoff for 9 months without a job between that period. There's no perfect first or last house. Your real concern comes when you have kids. Major focus for kids is near and good school, even if you are still renting a house, priority always goes to kid's education. Dream house is where you do not have concern over financial obligation. I've been to flat-->apartment-->condo-->landed01-->landed02(now)...this whole stretch is around 20 years until today. I still have not reach my dream house and still paying house mortgage for the next 20 years.

[@alantew4355]

Not sure if I am the only person feeling this, but every time I finish watching Sean’s video and when the ending music plays, I feel like Sean is scolding me KNN (vulgarities) 🤣 Maybe can change to a more soothing or homely music? Not sure if that ending music was purposely selected to scold people though 🤣

[@iherng]

Well why would I scold you when I don’t even know you hahahaha🤣

[@matteolai7804]

I actually enjoys the end music. It’s unique and kiddy and kpop all at the same time. 😂

[@avaxis]

Very mature relationship advice. Adulting is hard. Not to jinx it but it’s being very practical and realistic. Many people buy property like buy vegetable.

[@valuesandinterest247]

Bottom line, either move to KL to work & rent to be with GF or buy the 338k Seremban house and look for new GF in Seremban...maybe harsh but that's reality & likely truth 🙃in a nutshell to the long version by Sean, which btw doing a very good job👍

[@iherng]

Thanks for summarising into TLDR version hahaha:)

[@calebfwm]

Thank you Sean for your sharing. Hitting all the sweet spots. Your advice worth a million ringgit, may be more

[@iherng]

❤️

[@edwinong5957]

hi sean, can ask ur opinion on selayang properties ? any recommended project. Thanks sean

[@hucklim]

Hello Sean, I am a former Malaysian and have a house (2 story terrace old house) in Ampang Selangor and am looking into renting it out. Since I do not live in malaysia, is there a so call property manager which I can hire to manage my house if I would like to rent it out. What I am looking for is for a property manager who can rent out my house, handle the tenant when something go wrong in the house? How much is the service fee for such a service?

[@wannabewallaby1592]

Penang peepo not thinking of landed homes as 1st homes, probably because how crazy landed prices are (at least thats what i think, even when you consider seberang jaya/perai prices)

[@wurronshihue2191]

KL PJ CHERAS AMPANG , many 400k-500k property , if i have 400k , i will use 250k cash in , loan 250k for 10-15yrs . win all owner , i save a lot interest . easily become 700k-800k cash profit after all mortgage paid. However , those 400k belong to who ??? 9k income woh , 31yo. whose money who "za fit'' lo .

[@michaelbyz23]

This is the 6am hustle video? Haha. Good content as always!

[@krisztinafoo27]

Very detailed explanation🎉 Hope the asker doesnt end up more headaches 😂

[@kinboon3138]

May I know what is the song name played at the end of video? Interesting

[@jkhee]

Haven't seen the video until the end, but I'd like to chime in as an investor, having family and work in both PJ/Seremban. Stay in Seremban, work in PJ/KL, should leave the home before 0545 cut off point. If not, if you're unlucky, will get stuck in the jam for 2.5 hours. Seremban prices isn't cheaper than PJ/KL, it's just that sometimes portions are smaller. Food is mostly carbs which is the worst for your health, so learn to regulate your diet on your own terms. In some parts during rush hour, Seremban to Seremban is 1 hour in itself. I live in BU, work in uptown. Sometimes traffic during rush hour is so bad, it takes me 45 minutes to get to the office rofl. Why get married in this day and age if you're not going to start a family? So... If you're starting a family, will need some pillars/village of support. Private and reliable is already RM60K to start for each kid. Here's the kicker. RM2K for outsourced infant and childcare per kid per month in PJ/KL. If you think finding a property/main con for renovation is hard, wait till you have to survey confinement centers/child care/maid etc lol. It is only RM500/month in Seremban. 2 kids, RM4K. Take the risk of hiring a maid (RM20K agent fees, 6 days per week), which has a 50% chance of running away because syndicates use YOU to bring in illegal labour for their prostitution ring. You'll also need to get a place for her to live in, so if it's in a condo, will need to allocate a room/box/corner for them. 2 kids in Seremban, RM1K. Screw hiring the maid, use technology to clean the house ie dishwasher/robot vacuum/vacuum mop (RM8K) Quality/cost of life in PJ/KL is tremendously amazing if you're single before kids. After having kids, if you're in a condo, you'll mostly just hang around 2KM from your condo or not leave the condo itself. In Seremban, I'm sure you know, every tom dick harry hangs out in D'Tempat club rofl. Anyways, the whole idea is to really list EVERYTHING and plan for your future. You can always rent and buy a property for investment. You get freedom of mobility. Stay agile. delay gratification. Investment is for your next generation, and not for you to enjoy in this life time. A good line that I heard from a Ricky Gervias movie was that great men plant trees in which the shade they will never get to enjoy.

[@revolusirevolusi-jw7tn]

After reading this, my conclusion is I'll just give up having a family.

[@watataenjoyer]

Imo if me i buy in kl, rent in seremban

[@virgil9246]

Hi Iherng i got a question, as young malaysian we do have 2 chances [2 unit] to get 90% loan. does sharing name to buy a property on SPA, and loan only 1 person name affect this? For Ex husband name on the Loan, but SPA 2 person name. will this affect the wife 2 chances?

[@janetlim]

Yes, will be affected.

[@wurronshihue2191]

loan 90% base on 2 different loan on hand , if any 1 loan paid , consider u have another 90% loan can get from bank.

[@crazyhellfirez]

my advice is, avoid house near highway or main road or you will regret later

[@Johnny-pz3ch]

Why lol

[@theHanSum]

2 of my friends bought the house together with their GF and now, both of them broke up. Now their property just leave it be, nobody want to pay to transfer the name. Want to sell the house also hard because there are new units eith free legal fee n etc. 😂

[@iherng]

Owh no… That sucks:/

[@gabillionaire]

hahaha become marriage counsellor liao

[@iherng]

Hahahaha!!

[@lilysee3690]

But it's very true

[@realmlee8803]

How can save 400k with 9k income, somemore only 31yrs old...sure got free money from parents lo

[@chenghonglim9498]

Why not? Haha well, I myself managed to do it with my gf at the age of 27, and I do know a number of frens at similar ages who achieved that without getting “free money” from their parents too

[@realmlee8803]

@@chenghonglim9498 how u do it? Share share....

[@realmlee8803]

@@chenghonglim9498 how do u do that? Share share...

[@ryanng23]

I think it is possible. Assuming they are living frugally and manage to save 50% of their income, they will be able to save around 50k per year. They will be having a saving of 400k in 4 years, not including their side gigs, FD or any other investments if any.

[@realmlee8803]

This iherng keep deleting my comments 🤬