ASKING SEAN

[@wendyshoowaiching4161]

I am 52 single (Ipoh) no debt-no credit card, got property no car, can co-habitate or commit with me 😊.

[@GodOfTetris]

When u are past middle age, try NOT to withdraw from EPF unless you have account balance more than RM400k. Unless you are good at investing to grow your money, EPF dividends are probably the safest & fastest way to accumulate your savings for old age. More importantly, keep monthly commitments & loan repayments at the LOWEST amount possible (absolutely the right thing to do & WILL very likely affect your financial situation at some point). Keep in mind the possibility that you will lose your property in case of default.

[@iherng]

Great point of playing it safe. Thanks for sharing!!

[@mosquitoooooooooo]

Hmm...looks like the former Sungai Besi Airbase next to the Smart Expressway is going to build a Theme Park by Sim Leisure and some residential houses....very big place to play around by Sim Leisure Group...something for you to check and review. Very interesting since many people are so bored of Sunway Lagoon already...

[@bengjiun]

The cruel truth is time is not on CL’s side. Loan tenure is going to be short and rent won’t be enough to cover the loan payment if he can secure one. He should just put the money in EPF with a healthy yield. Some of the hidden costs such as renovation and lawyer fees associated with rental property has not been considered by him as well.

[@bengjiun]

Alternative to invest in REITs

[@yhyau235]

Once passed 50, unless you have more than 4 million cash in bank, forget about property investment. It's going to be negative cashflow every month. Better just put in good dividend stocks

[@iherng]

At this rate, it's not really investment anymore lah. Just having a roof over the head and certainty to not have people chasing us out from any house. But I definitely agree on the dividend stocks, but based on the background story I'm not even sure this audience knows anything about stock buying...

[@yhyau235]

@ I'm someone who went thru this path of buying (not 1 but 2 properties) after 50. Now both under water and regret like crazy. Could have kept the cash and afford to rent a nice place for 20 years .

[@nickloong]

Maybe he should consider getting a 3 room apartment and renting out 2 of the rooms since he's single. That is if he can live with that lifestyle. That'll be the best option at his age.

[@iherng]

That's part of the proposal mah. Get an affordable housing project by the government, which usually comes in a 3 bedroom format. Then rent out to compensate the installment, 15-20 years later then it'll be secondary income.

[@nickloong]

@iherng Believe it or not, but before your vlog reached that point of conversation when i was watching it, I already posted my comment. Paiseh lah bro. Haha!

[@astudio6557]

Hi Sean, since he was from Penang can try apply through LPNPP Rumah Penang.. applicable for 1st home buyer.. application form can get from komtar.

[@iherng]

Thanks for sharing!! Hopefully he sees this.

[@bryanchow8987]

Hi Sean, can you do a review on Mulberi Condominium, Segambut? 😊

[@jylaw9495]

He has RM50k in EPF account 2, not the total amount. His total EPF should be around RM200k for both Acc 1 and 2.

[@iherng]

You are right. But you can only withdraw half by 55, the other 50% at 60. The problems are still pretty much the same haha.

[@polinaasmr340]

own nothing since 50 just rent and be master tenant and rent out the other rooms.. no loan commitment no hassle .. not worth to commit somemore loans at 50 not worth it. kudos for no credit card debt.. damn frugal la ..

[@crazyhellfirez]

49 as a teacher in private school getting rm3500 only?! seriously? which private school? so KEDEKUT!

[@SaadonAksah]

300k for a walk up in penang? 😱

[@revolusirevolusi-jw7tn]

He pulled the figure from his ass

[@iherng]

No lah. His initial plan was to get one about RM 180k-RM200k range.

[@asdsad17]

you vill own nothing and you vill ve happy.

[@May-cz2uo]

Just rent room and live off EPF.

[@iherng]

Yea. But what if people don't wanna rent to you?

[@ssddsquare]

What about epf? In few years, the epf account will turn into accout emas past the retire age and the past years dividend can match the rental roi without the fuss of maintenance, fees, and tax.

[@ssddsquare]

12:23 100k plus can generate 1k rental meh? Is that even realistic?

[@iherng]

Well I just look at the property portal while recording. You can check it out...