IHERNG PODCAST: Recent Episodes
Sean Tan
A simple space to educate first time home buyers in Malaysia. Here we will discuss about property topics and the thought process of picking the right home for your own stay or investment
Link to Brickz Report: http://bit.ly/3x1jJZALink to join my team in property investment club: https://bit.ly/3VmJixMUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we have a very capable young audience who's sorted out his income at a very young stage. However, as he is moving to the next level which is property investment, there has been 'disagreements' from his in-laws.
Some of the remarks are comes from their love for their own daughter, a little bit might come from ignorance. This is an important message because we investors are the minorities within the society. So once we grasp the concept, we need to protect our mind because the world will always tell us otherwise.
Link to Brickz Report: http://bit.ly/3x1jJZALink to join my team in property investment club: https://bit.ly/3VmJixMUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIf I were to be 22 again, I will not invest in a property. I will take some time to explore several things such as my career options, alternative investments, also live life a little bit. Then after having sufficient insurance coverage and 6 months of emergency fund, only I will suggest to get committed to a property. Then a lesson I learnt during my early days would be to always audit our own thoughts and belief system. The usual contributor to our belief is always our surrounding and the information we consume. So do always think as a 3rd person, run a self check on the concepts we believe in.
Link to Brickz Report: http://bit.ly/3x1jJZALink to join my team in property investment club: https://bit.ly/3VmJixMUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbWhat an amazing first property investment shared by this audience!! At 24, he managed to pull off a subsale deal at zero down payment and rented out the fully furnished unit at a rate covering his monthly installment and maintenance fees. I am soooo proud. But within this email, we also discussed about the definition of a great investment property. In my opinion, at this current market along with my financial state, I think it's defined by having a rental rate that can cover the monthly installment at least. But as we achieve the state of abundance, the discussion of returns will be different and I look forward to that.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbMs Danielle email: danielletan89@gmail.comIn this episode, I got an audience turned friend to share about her experience going through the process of receiving property as inheritance from her parents. I never thought it would be sooooo troublesome, even with a will in place. We also found out that our circle were very similar and we kinda discussed about the scary part of buying auction property as your first. Enjoy the episode.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we discussed about the thought process of choosing to settle our existing housing loan versus acquiring more properties. We have to think about interest rates, personal risk appetite, income generating confidence, worst case scenario and etc. But due to the lack of an exact number, this episode felt like all around the place haha.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we discussed about the different loan facilities available from the banks. And it's just very important for us to understand the difference in interest rates between hire purchase, personal loan, and housing loan. For this audience, I think the strategy will work only after communicating with the family member. But timing of the rebate/cashback is the critical part of the strategy.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbAfter getting a property in Cyberjaya, this audience is pondering upon selling the apartment at a loss? Or to further renovate it and hold the property. My suggestion would be to let go if can afford the difference because I don't see the potential of that location, especially apartments at that location. What do you guys think?
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we discussed several important aspects of investments. 1) Investment strategies are very location specific. Investing in KL is different from JB and vice versa. 2) The goal of property investment is to buy money making assets, not the cheapest property 3) Preparation is very important to identify great deals among the subsale market But anyway, welcome to Malaysia!!
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbI am excited for having that rare opportunity to be in conversation with the leader of Malaysia Housing Ministry (KPKT) regarding their latest proposal of Program Residensi Rakyat. It is a brand new housing model for B40 with lots of initiatives that I personally agree too such as the RM 15000 fee for maintenance, the moratorium for restriction of subleasing, the return of subsidy after selling the property and etc. Although this is still in proposal stage but technically I find it very interesting.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbThis is a very sensitive story to be shared by anyone, therefore I appreciate this audience. His mother is an absolute inspiration and I wish my after life could be like her where my loved ones are independent. In this episode, we kinda discussed about the ways of how does a son who inherited several properties worth millions can do to protect and grow his property game.
Official website for Music Bliss: https://www.musicbliss.com.my/Do check out their website for anything related to music and audio!In this episode, we spoke to Mr Jonathan who is the CEO of Music Bliss. He shared on how he transitioned from a banker to the music equipment business, and how he brave through all the obstacles. Then what's weird is with his financial background, he didn't apply any of the knowledge into his investment journey. Check out the full episode
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, an audience expressed her gratification as she absolutely enjoy her home purchase. She bought a large sized, 2200 sqft 5 bedroom apartment for her family and she loved it way more than her landed homes. I've also discussed the difference again between apartment and landed homes from a lifestyle point of view as the architecture dictates the way of living for the residents. Personally I also am a fan for high rise living, but large sized units are limited in the market. Anyway, I would like to congratulate this audience for the informed decision. It makes me really happy;)
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbFor this question, it's rather interesting where we discussed about the aspect of time within property investment. For new property, it takes 24 months for completion for individual title property and at least 36 months for strata projects. Within that amount of period, so many things can happen. We can get promoted, we might expanded the family, and when those happened, the property we bought initially couldn't meet our requirement anymore.So to address the instant need, I suggest to rent. Hence the theory or buy where we invest, rent where we stay. Even when I'm about to buy a property as a home later, subsale would be a better option.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we will discuss about the action plan for this audience after inheriting a shoplot that nobody knew existed. Well I absolutely adore the father for making a responsible move of insuring his commitments and himself to ensure his family is protected.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn 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;)
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbThis has always been a debate on what's the better format of housing, landed versus highrise living. Unfortunately both of them never come together at the same time in the same state. It's always at a level of scarcity, only highrise buildings will be brought into the development. There is also an argument about NON landed housing having a peak in their selling price because as the income level requirement goes up, our priorities in life will change. And the main priority of a home at least is to provide safety and security.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we have an audience having 7 properties with his brother. This is when it gets tricky as they proceed further, they are also debating whether to get a house to be settled in. Ultimately, they need to have a discussion among themselves about what's the end goal for this investment journey. That goal will then be the north star to determine the strategy around the current portfolio. I'm personally very impressed with woman being so aggressive in property investment and I do hope that more female audience will follow her footstep. Anyway, GONG XI FA CAI!!
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbYoungsters now are seriously incredible! This audience here at 26 with a high income career and established portfolio, still looking for ways to expand into real estate. What an example for everyone;) We discussed about Bangsar South a lot, but in real estate investment it's beyond location. That old rule of 'location location location' is not necessarily true anymore. It's ultimately about the entry price. Right pricing in a normal location is better than wrong pricing in the right location. Also, it's a balance between capital apprecation potential versus cashflow. Of course we would prefer both but it's something we need to decide upon our own preference.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, my thought processes are everywhere as this is a very unusual question. But this topic is also important because life goes on with or without property. I'm just glad that this couple prepared everything before they are moving forward to that next level. Based on personal experience, I would suggest the following: 1) Invest in health and fitness to have better quality of life2) Invest in knowledge to continue staying relevant3) Invest in protection and insurance as we are increasing our scope of responsibility
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we have an audience explaining how he got his booking fees burnt due to misinformation by the sales people. Personally I am just glad that he chose to forfeit the fees instead of proceeding with the deal he clearly know he cannot afford.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we will speak about the experience of a young doctor to be struggle in starting his investment journey. Many years are required for his pathway, therefore he gets anxious about it. We also discussed about the difference in REITS versus PROPERTY INVESTMENT and the importance of the active income, which is just not spoken enough.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this question, we have a high flyer within her middle age who just started venturing into property investment lately. Well she paid off her home that's worth RM 3mil with sufficient insurance coverage for her family, that's already a huge deal. But her email highlighted the main difference in consideration between a 35 years loan tenure versus a 15 years version. It's always better to start early;)
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbAs we wrap up 2023, I think it's important that we get our industry expert Mr Faizul Ridzuan in again. He has always been my reference for all data within the market so I think he should be the best person to give us a forecast of what's coming in 2024. Are we gonna see a bullrun in year 2024 in Malaysia Property Market?
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we will discuss about the challenges of getting a leasehold title project. And just imagine what will happen if the lease of any leasehold projects in Selangor gets extended successfully? That will further blur the lines between FREEHOLD and LEASEHOLD projects. But in this question, I'm more concerned of the joint name between couples as purchaser of the property haha.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb Unfortunately this is done in mandarin, but the team is getting the important points out from this podcast and translate them individually into English.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb In this episode, we have an audience who's working in New Zealand and trying to invest in Malaysia properties. The first lesson is to address the 'experts' we have around us that constantly tells us what's hot or what's not. Is it a good time for gold?? The best investment is the one we are most familiar with. Always choose to make informed decision, then take full accountability of the results. The next question revolves around his next project where it's obvious that the rent cannot cover installment. My suggestion is then to move on to the next project. Explore the other modes of purchase available for the best deal for our money, instead of just being romantic to one.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb I like it when this audience straight up mention RICH MAN problem. This discussion is gonna be very common soon as family sizes are getting smaller and wealth are growing at the same time. If we pay full cash for the sake of legacy of our parent, by all means. But there's an option of having a full flexi loan, then park the money inside to save interest. Also, there's an option to go into the subsale market using the capital. Use it to afford certainty within our investment. However, there might be some family dynamic issue where the audience might focus on 'taking the money' instead of the property. But I doubt within this context that's the case.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb In this episode, Malaysia welcomes this new couple from Hong Kong. But there are several pointers I would share for foreigners who are trying to navigate through Malaysia's property market. For this audience, I would suggest to first rent a place while figuring out what is the market like. All I'm trying to suggest is think like a local, if not it's very easy to be 'water fish' for other to take advantage on.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb First of all, several facts that's outstanding. Earning RM20k at 23 freelancing, then having the maturity to invest early and discovering such a niche in investment portfolio. My audiences are simply awesome. Anyway, we discussed about how to measure yield for property. Then how much is considered high? Also how should a 23 years old invest? Should he go for a home right away? I encouraged him to stay tight and boot strap further meanwhile investing more to better ensure his future.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb Ultimately we invest properties for our future and our children, that gives meaning to why we put in so much effort. But for this particular audience, he has no plans to start a family, so why question would be WHY? Why is he pushing himself so hard?? RM 7000 nett income paying for 5 properties, that's quite stressful. If he still wants to push further, I would suggest to kinda take a break and let the units rent out first. Meanwhile, venture into other mode of buying for better investment deals.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb Open Academy app sign-up link: https://app.theopenacademy.org/redeem?code=OAAPP1MIn this episode, we got a serial business entrepreneur in studio with us to share his property investment journey. Jan highlighted the struggles that business owner needs to go through when they start investing in property. Credit scores are calculated differently, plus the consideration of cashflow is also different compared to salaried employees. What's interesting to me was the comeback after his first investment mistake, when he bought a house with his previous girlfriend. It was so juicy hahaha!! Anyway, do check out his app to equip ourselves with better knowledge so we can upgrade ourselves.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb This is one of those mindblowing emails that absolutely portrays my life goal for my family. This audience has just received A LOT of assets from his parents and he is already planning to expand that in his 20s. To me, he is pretty much sorted out based on his knowledge and guidance from his parents. But this highlights the legacy portion of this asset class that I'm very passionate with.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb Today's episode is a long one because of a long question from this middle aged man that has raised his family in a small town, also they just bought a new apartment in Bandar Sunway for RM 1250 per square feet? We also discussed about how to start at that age? Mistakes he have made? Definition of TOD? How much is too expensive for a property?
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb In this episode, we will go through a series of questions from an audience all the way from New Zealand. We discussed about how we do research for a product, how we should audit advices from people around us, how a commercial property might be a good thing, and how everyone have different situation so our strategy should be different too.
After checking out their project, I am glad to have bumped into the CEO of the developer and of course I extended my invitation to him to share and here he is!! Here we discussed about how such a young team of people straight away picked Bangsar South, followed by Mont Kiara as their first and 2nd project site. Both are challenging in terms of market supply and site condition. And it's amazing to listen about how top leaders of the company explain about their intent of the any design within the project, such a fabulous experience. Anyway if you guys wanna check out their latest project which is BON KIARA, do reach out to their team directly: Phone: +603 22026566Website: https://bonkiara.com/
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb Brothers all wanting to live together with their father, that's why they joint name to get a house. What a romantic story!! But in reality, I think it's a mistake because it was totally beyond their affordability. Now they are even contemplating on how to get money for renovation. My take is since when there is a minimum standard for renovation? The comfort level is absolutely based on our financial situation. Anyway, they have an apartment they shared earlier so the question is whether to refinance? Or to sell the property so they have money for renovation.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbThis audience clearly demonstrated why I do not encourage first time home buyers to go for auction unit. It's because of the hidden clauses and complications that will burn your upfront deposit. Luckily this audience had awesome parents to back her up, if not her 10% would just be burnt.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb In this episode, its a very interesting observation because finally we can confirm investor do buy property, pay them in full then leave it empty. They don't even bother to rent the unit out. But in his case, I would suggest to first have a conservation with himself on what he wants to achieve for the remaining years since he's already 56. Should he gear up further? Or just cash out and chill?
Get your free floorplan reading: https://joeyyaponline.com/iherngLink to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbAfter studying all possible aspects of real estate, the only element left would be metaphysics. Therefore, it's an honour for us to have Dato' Joey Yap into the podcast to share this expertise. Besides the definition of great feng shui, Dato also shared tips about how normal people like us to pick the right units for our home. But personally I'm way more fascinated on how he built his business and team around his family.
Link to join my team in property investment club: https://bit.ly/3DxoxWS Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb Mapex details: https://www.facebook.com/REHDAPerak
In this episode, we discussed about the role of Rehda in representing developer around Malaysia. Anyway, they are having MAPEX coming soon and it's convenient for potential property buyers in Perak so do check out their FB page for more info.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb This is the next topic that I'm thinking really hard about, where in this state of us busy pursuing our career and life, are we ready for for sudden deaths of our loved ones? After settling the funeral, are we also ready for the one left behind? Can any of our apartment fit an old folk? Can our current financial state stomach extra considerations for the change?
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb Rena IG: https://www.instagram.com/renac57/Ms Catherine contact: +60 12-560 9265In this episode, we have Ms Rena again to discuss about reasons why we should consider refinancing the property we have. It can be for better interest rates, for cash outs, for more 90% loan quotas and etc. Exciting episode!!
In this episode, I am very fortunate to have my senior to share about her venture in UK property investments. For more information about investing or their investment talks, do reach out to her team via: https://www.instagram.com/shelvin_rbc/ https://www.instagram.com/redbeanconsultancy/
Right after my visit to, I was within that crossroad of investing in a property. Although I didn't pulled the trigger, but I'm very interested to keep myself updated with all the new offers. This is where Shelvin and her team are expert in as they mainly assist investors with their property venture in UK.
Anyway, I am very positive with the idea of diversification via investing in foreign land but as always, it's very important to make informed decisions!!
Link to join my team in property investment club: https://bit.ly/3DxoxWS Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will address about whether to make an investment today or to continue saving for a dream home in 12 years time? My suggestion would be the first get an investment unit, which indirectly puts him closer to his dream home 12 years later.
Link to join my team in property investment club: https://bit.ly/3DxoxWS Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
With the current trends of declining population and depressing news, is there still a future for real estate investment?
What an episode of high level economics!! In my opinion, I'm proving via actions that real estate is still a primary asset class to hold especially in Malaysia. Our country is just so beautiful and attractive so many expats are figuring out how to get in.
For investment, definitely I'm investing in CBD areas where the temporary demand for space is high. Then I'm figuring out whether to enjoy myself within the suburbs area as I don't have be in the city at all.
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Link to join my team in property investment club: https://bit.ly/3DxoxWS Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will address the hidden spots for potential foreigners who are planning to retire in Malaysia. Everyone are always focused on popular locations such as Mont' Kiara, Damansara, Bangsar and etc. Those are fine but for retirement, there are way more value around the town.
Also, this is an example of how everyone should work towards. Having multiple properties to pay for their lifestyle via the rental collected.
Link to join my team in property investment club: https://bit.ly/3DxoxWS Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb Gurpal standup comedy page: https://www.instagram.com/gurpalkalracomedy/
In this episode, I followed up with one of the earlier audience for the channel Mr Gurpal. Back then when we met each other, he was jobless and just trying really hard to make ends meet. But now he's a proud HDB owner and about to start his property investment journey.
What's fascinating is his perspective on Malaysia! It's so rare to find a Singaporean that loves Malaysia more than me.
Link to join my team in property investment club: https://bit.ly/3DxoxWS Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will talk about the process of funding a retirement home for this couple. They are thinking of selling their existing house within the city center, they use that money to buy a property outskirt. Also, they have the stigma of buying a new property directly from developer as their first project got abandoned.
Well this totally brings up my point for landed all these while. Only when we are around 40s, we will have clarity of the things we like and the lifestyle we truly want.
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Art of Tree FB page: https://www.facebook.com/artoftree.myIn this episode, we have Ms Joey sharing her business and property investment with us. I really enjoyed the session, especially on the business opportunity part. Also can't wait to get one of the hardwood furniture from her gallery.
Link to join my team in property investment club: https://bit.ly/3DxoxWS Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will discuss with this audience on how to maximize financing for a deal. However, it's not as direct or easy as we think. So I listed out ways that we could source for more money.
Also, would you go ALL IN for one property deal?
Link to join my team in property investment club: https://bit.ly/3DxoxWS Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will discuss about the main dilemma of our friends who are working in Singapore. The exchange rate for the currencies is amazing, therefore many talents are moving over. But the dilemma is whether to invest in Malaysia's property or not. If they do, how?? Where?? When? So many questions.
First of all, we need to get the intent right. Are you gonna stay in SG for good? Or are there plans to move back? Then in terms of loan arrangements, everything is highly dependent of whether do you get a HDB from the government.
So many uncertainties, but so interesting;)
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will address this question from a couple who lives in Cyberjaya. Based on their meticulous nature towards finances, I suggested them to go along with their initial plan, just not a highrise in Cyberjaya.
Check it out.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we got the one and only Faizul Ridzuan to share his insights about the property industry in Malaysia. Personally from a reader of his book, to almost an employee, then a customer to his company, now a 3rd person point of view trying to understand his perspective of the real estate scene. Very juicy episode as our team tried extremely hard to make it 'clean' for all viewers hahaha;)
Registration link: https://crestbrick.com/meetiherng/Well how I wish I worked harder to make this investment happen. But don't let my inability stop anyone who qualify the checklist for your UK investment journey. See you guys this Saturday (27th May 2023)!!
Dreame L10 Ultra Robot Vacuum : http://bit.ly/3ZMKASaUse PROMO CODE: DREAST for RM 200 off. Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn 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.
Dreame L10 Ultra Robot Vacuum : http://bit.ly/3ZMKASaUse PROMO CODE: DREAST for RM 200 off. Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we will discuss when this audience should prepare and purchase his 2nd home. That depends on several factors: - Is the first property used for investment or own stay? That will affect the DSR calculation as rental can be declared as income. - Is it a new property or a subsale? I have also shared on how usually property investors maximize their DSR by renting a house, also how we should leverage on the current opportunities before the policies will be changed.
Yea!! I've convinced their team to have a slot specifically for me, details in the link: https://crestbrick.com/meetiherng/For those who are not in KL, please kindly contact Qiuyu for more info via her IG account: https://www.instagram.com/chewyqiuyu/After spending a week in UK with the team, I was just learning new things at a rate I could barely sleep at night. From land ownership, development requirements, investment strategies, local culture, and etc, everything is just different. Plus I was travelling with a bunch of Singaporeans, so that's another twist to perspective towards property investment. This episode, I got in the CEO of the group to kinda share his insights about investing in properties globally. Who knew he invested in Malaysia first hahahahahaha!!
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we will discuss whether to sell or hold a particular shoplot that this audience held for quite some time. The main reason of selling would be the lack of maintenance support and poor rental rates. Besides that, the property is fully paid and there's not much cost involved. Unless I have better options for the money to invest in, I will hold my wealth in the form of real estate just to hedge against inflation. This question is also interesting as most of us are angry when our parents tell us to invest early, but when we finally gets it, we would wonder why we didn't buy more hahaha;)
Dreame L10 Ultra Robot Vacuum : http://bit.ly/3ZMKASaUse PROMO CODE: DREAST for RM 200 off. Ms Rena's contact: +60 18-570 4218Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn the episode, we will address the big question of is 45 an age too old for property investment? That strictly depends on the ambition, appetite risk, and interest level towards property. Because if all those does not click, the rest of the research work would be very dreadful.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we will discuss about whether should this couple go for their dream home. Based on affordability, it's absolutely within their means but my perspective is the thought process between investment or dream home first? This absolutely depends on financial goals and personal ambitions, which also means only we will know when is the right time to get THAT particular dream home.
Dreame L10 Ultra Robot Vacuum : http://bit.ly/3ZMKASaUse PROMO CODE: DREAST for RM 200 off. Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, we will explain the main challenge of this audience in looking for a landed home for her parents in Malaysia. Throughout the process, she discovered that the ROI for landed homes are nothing like high-rise. Then whether to get a renovated unit or a standard unit?
Nadia Heng's IG : https://www.instagram.com/nadiaheng/Link to her public speaking course: www.thearticulatecommunity.com/courses/the-ultimate-beginner-s-course-to-public-speakingLink to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rbIn this episode, I got in my busy friend Ms Nadia Heng, who is a professional emcee. I see her more often in events working than I see her personally. Besides admiring her insane work ethics, I'm very surprised when she built her investment portfolio via my podcast. Check it out!!
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will go through a mistake by this audience who blindly took his friend's agents word and now suffering losses in his portfolio.
Let's learn from this together.
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
It's always very admirable to hear stories of parenting giving their best in providing for their children. In this case, a single father is trying to finance his son's education by selling his apartment. But is that the only way? What about refinancing?
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, I got my friend from Singapore to share her perspective about property investment. We discussed about different context will have different strategies.
But what's amazing as well would be this might be the start of my international journey for property investment!!
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will talk about playing within our means instead of pursuing that romantic idea of having an ancestor home for the family. Especially when they are new addition of family members. All resources including money and time will be stretched.
So if he is okay with the stress, then I would go with a marked up deal. If not, I would go with an apartment within the budget, then continue to work like dog for the landed home.
Link to CoachKarFei: https://beacons.ai/coachkarfei
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Since we are in the new year, finally after all the festive celebration and never ending holidays, I got in a friend who is also a personal coach that helps people perform better in life.
Hopefully this can either help some of us to align better in our career, some might also consider coaching as a side gig, all to increase our income so we can own more properties;)
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
FOMO, YOLO... whatever people call it, it's really pushing young graduates to make quick decisions which might put them at risk later. So here would be the checklist that I somewhat suggest to comply before investing in a property.
Also, if I were to do it all over again....
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will address the big WHY of owning your own landed home. Is it for building a family? Or the certainty of calling a place your home without worrying about Tenancy Agreement? Or it's a symbolic object to signify maturity and wealth?
On the contrary, if we own a landed home, it's not really a great solution throughout the entire life journey but.... hear me out!!
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we have our very first Malay guest!! And I'm just in awe with their investment journey where everything just falls in place.
What an interesting journey.
Link to join my team in property investment club: https://bit.ly/3DxoxWSUse promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, this audience shared about the legistation risk of the property that she's about to buy. What do I think of it? Not worth taking it.
Link to join my team in property investment club: https://bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will discuss somewhat the opportunity, which is also the dark side of property investment. In JB where land are in abundant, we have exact examples of high rise projects where their value has dropped 70% in less than 10 years time.
That's a very scary story that I wish everything should take note of it. Well in order to prevent it, it would still be market research that helps us make informed decisions.
Link to join my team in property investment club: https://bit.ly/3wgBTTe
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Denise company website: www.mahwengkwai.com
In this episode, we had an opportunity to chat with an audience who happens to be a lawyer and I asked a lot of real life questions.
Anyway, I foresee this is gonna be another one of those long term collaborations so do comment your questions below and I will get her team to advise accordingly.
Link to join my team in property investment club: https://bit.ly/3wgBTTe
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
It's always great to know people of different age groups are watching my video. In this episode, we have one who's gonna retire soon. She wonders should she sell all of her properties at one go. If yes, when does she do that? Instead of letting the market dictate that question, I suggested to set a budget for the life she wants after retirement. Then sell the properties in accordance to finance that plan.
Link to join my team in property investment club: https://bit.ly/3v6JgvO
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will talk about the thought process of a new audience looking at investment properties. Most of the time, if you guys are looking for my approval on whether the project is good, it's seriously not that simple.
Most of the time, the deal may not be the best but inexperience buyers tend to succumb to their FOMO syndrome instead of getting more information about the deal.
Link to join my team in property investment club: https://bit.ly/3v6JgvO
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
The journey of being a medical practitioner in Malaysia is seriously not easy. It takes a long time, odd working hours, random posting around the country, all those makes it challenging to decide on buying a home. As this audience wrote in from JB, I suggested them to prioritize flexibility.
First of all, renting makes a lot of sense when the property market is bad. We are gonna pay low rent to live in expensive apartments. Then use our capital in properties that will generate cashflow. However, there is this FOMO situation.
In my opinion, why rush into a landed home when we barely need it. It's convenient to think that the baby needs it, but technically it only makes sense when they start needing privacy. In the mean time, swimming pool and facilities around highrise is way more attractive to them. Also, there's absolutely nothing wrong with renting a home when I need it. Because if I were to buy a house at RM 500k, sell it later at RM 700k 10 years later, do I actually make money??? Not really.
Link to join my team in property investment club: https://bit.ly/3v6JgvO
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, this audience highlighted the mixed signal I'm giving to young people regarding property investment. On one side I encourage people to invest as early as possible for all the benefits, then on one side I tell people to not invest due to its commitment.
The main difference would then be the state of the listener in terms of career, risk appetite, and ambitions. I also further explained about the different convenience available within this era that makes it easier to setup a business, also the concept of using property to retain wealth instead of making money.
Anyway, happy new year guys!!
Link to join my team in property investment club: https://bit.ly/3v6JgvO
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we have a NFT member sharing his journey around property investment. Also, I really enjoyed his thought process about investing as a couple, investing for the future, and his criteria for investment.
But after 40 different projects, finally he has zeroed into one particular project which might still not be the one.
Link to join my team in property investment club: https://bit.ly/3v6JgvO
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Use promo code: IHERNGXBLC for more discount at https://balaks.com.my/
In this episode, we will talk about the strategies and thought process for an abandoned apartment. First of all, it's very easy to just follow herds during our investment process but I'll emphasize again and again, always make that informed decision.
What's lacking for this audience would be the data of renovation and rental rates. Those data will help the decision making process better. But ultimately I'm just so happy to see questions from audiences that are just so young.
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Balak's Website: https://balaks.com.my/
In this episode, we will discuss about whether to start a business first? Or to invest in a property?
Technically this question would be age sensitive but my answer would incline more to starting a business because I believe business can help make money, and property will help retain wealth. It's gonna be really challenging to make money from property because that requires way more time, knowledge and access to deals.
Link to join my team in property investment club : https://bit.ly/3KMikJa
Use promo code : SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Myra Website : https://myra.com.my/ In this episode, we have Keith from Myra.
We used to work together back then and now he is leading this young team in a property development company.
This is us having chill conversations about culture and insights of working within a property development company.
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Parkit website : https://www.parkitmy.com/
In this episode, we will speak to the founder of Parkit which is an app that help resolve carpark issues around the city.
We also discussed the reason of scarcity for carpark for condos, and how can this app can help resolves everyone's issue
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Contact person for refinancing: +60 12-560 9265 (Catherine)
In this episode, we will discuss several things. First would be the observation of Cyberjaya as a location. Then the source of referral before buying as we should always audit the person we get our advices from. Then the decision to cut losses whenever a property is clearly a mistake.
Last of all, I shared ways to move beyond the 2 slots of DSR.
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will listen first hand to an audience sharing his relationship experience after getting a property.
This is also why I do not encourage couples to share name for a property purchase.
Interesting episode=)
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we discussed about a young audience wanting to try property flipping as it's faster compared to the conventional property furnish and rent out model. Technically the property flipping model still work where one buys a below market value house, furnish it and sell then make some money. However there are several issues to address, the source of such deals, the experience and familiarity of renovation, the qualification of loans and etc. The worst thing would be the current tax system that is discouraging such behaviours.
The only reason why people are still doing it is they are the contractor/ID designers, which are making profits from the transformation process regardless whether the property can be sold later or not.
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Today we have Dylan with us today and it's a super exciting story. Coming from a rather conversative family, he studied and worked really hard to have several properties in his portfolio now.
Come find out more about his journey=)
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will talk about the difference between walk up apartment versus apartments with lifts. Also we will address the concern of selling an apartment in the future for the audience. Technically it's quite certain there will be demand, but the only question is how much the owner wish to sell.
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we have Ben sharing his experience on purchasing a property mainly for his marriage. He spoke about how he did his research, mistakes he made and realising that his parents were investors too. We then broke down several terminologies as well during the conversation, hopefully it would be helpful to all.
Enjoy the episode=)
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we have Yuan Jing in the studio to share his first property purchase experience and I must say it's pretty darn impressive. In his final year of studies in Germany, he started saving all his allowance while planned his moves to start investing.
Also, he has been using the channel in a way where he studied the location that he wanted to invest. Then right when he came back to Malaysia, he executed his plan by visiting the site, making viewing arrangements, checking the unit and right after 3 months of working, he secured a unit!
What an interesting and inspiring story listening to such an enthusiastic young men starting his investment journey.
For anyone who wish to share your story, do reach out to me at taniherng@gmail.com or DM me on Instagram.
For this episode, our first audience, just so happened to be a friend decided to come and share his first property story.
He got a double storey landed property within Subang Jaya, and spent around RM 400k for renovation for that sub-sale house. In terms of investment, it wouldn't make so much sense. But in the eye of the owner, it was all worth while.
He could afford, it was his dream, and the best part was the pride and joy he shared about the ownership of his dream home.
For those who are interested to come on the show and share your first property story, do email me at taniherng@gmail.com or DM me on Instagram=)
Link to join my team in property investment club: https://bit.ly/3KMikJa
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we have an audience that's debating about a donation from his uncle. But it only applies to landed property so this will be my take.
We will also take about DSR and how property can both be a home, also an investment tool to generate wealth.
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
I'm just so grateful and proud to have audiences of different age range consuming my content. Today we have a 60 years old auntie sharing her perspective and frustration along their investment journey but I shared my opinions too.
Property investment is seriously way easier if we start earlier just because we can afford to make some mistakes.
What a refreshing episode:)
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Property management team : https://www.cozyhomes.my/
In this episode, we will go through a series of question from an audience after he shared about his initial experience of property investment. And that brought up the entire philosophy of the channel, which is to investment knowledge as common around dinner tables.
So if you really enjoy what I'm doing so far, it would mean the world if you guys share the channel to your friends who are also embarking in this investment journey.
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will focus on the criteria I personally adopt for buying property for ownstay. Especially for the first property, it can easily be too emotional and we will overspent on everything. That will use up too much DSR for our next investment, also if it involves 2 person just to qualify for a loan, it's beyond affordability.
We also discussed about the main difference between landed and highrise, which is the door to door experience.
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
I need to mention this again, always invest within our own affordability. In this example, I would discourage this audience to continue with the purchase just because :
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Insufficient income to withstand potential losses just in case.
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Lack of site visit leading to inaccurate rental analysis
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It's not worth the effort of locking her credit for 8 years, ending up with the proper installment taking up almost her entire salary.
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will discuss about how to utilize financial facilities such as step up financings, easy payment plans, credit cards and etc. Using the same tools, we can build wealth but it will also crush us if not used wisely.
As for property visits in Kota Kinabalu, I'm all for it hahaha=)
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will discuss several things:
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It's very difficult to get a new landed terrace house within RM 1mil within Klang Valley
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The difference between old terrace house and new apartment
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Is it wise to invest everything for a house that caters for the future?
Hope you guys enjoy it=)
If you guys need a tour, do contact Ms Erica at https://wa.link/vzb7tu . Also tell her I said hi=)
Thank you so so much for the channel to achieve this milestone again. This has greatly opened up more door to different projects and insights within the industry.
And in this episode, I'm gonna share with you guys about the latest project I've recently just purchased. Well not so much about the product, but the thought process of how I came to the decision to buy this=)
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, Gavin and I got together to reflect on the mistakes that we've made throughout the property investment cycle. Instead of listing them one by one, we went with the approach in accordance to the chronological process on investment.
Hope you guys enjoy it!!
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will discuss about a rather peculiar property that this audience is trying to purchase. It's a landed property within Mont Kiara itself, and rental wise it make lots of sense. However, the setback would be the Malay Reserve land status.
Also, it's inspirational to see young people earning high income but as a elder brother I would somewhat advice them to be prudent with the money.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will discuss whether to choose an apartment within the city over a landed property in the suburbs. In my opinion, I will always prioritize convenience because at this current stage of my life, I can do a lot of things leverage on the 100 hours a month wasted on traffic congestions.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
In this episode, we will discuss about career progression for this audience within the real estate and development industry. Also we discussed about is it worth it to pay extra RM 20k for a unit with views.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Link for discount for property makeover: https://wa.link/0ea7rb
In this episode, we will address this question about concern of getting into the game too late. This audience was getting anxious about investing late and her recent booking felt like a decision made in a rush. Personally, I think the Houzkey scheme suits her perfectly but I would not advise her to proceed with the property. Instead, I will take up the freedom to pursue my passion. Working as hard as possible to make it into a business, then come back to the property 3 to 4 years later.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, we will talk about home buying. This is from a couple who have acquired 2 properties which are still in construction, now wanting to get a semi-d but they couldn't afford it just yet. Then should they go for a smaller one first, maybe sell it in the future to get the Semi-D later?
Those were the days where investors made lots of money flipping properties. But in today's economic climate, best case is to break even on the SPA price when buyers get their keys. So after all the hassle and processes, maybe we can make around 1-2% but we might waste the slot for other opportunities. Therefore, my suggestion is to save up and directly go for the Semi-D either later if there are inventories left. Or directly go for the sub-sale units later after completion. Plus they already have several units for investment already, I think it's worth it to wait and go for the home they want directly.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, I will share my experience of selling my first property in my entire professional career. From acquiring the property to selling it, I will share in details of the mistakes made throughout the entire process.
Hope this episode can be a lesson for everyone to always choose to make informed decisions and take calculative risk throughout our investment process.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, we will drill down the perspective of FOMO from a 26 years old person. It's obvious that the low entry price to any projects can lead to us thinking that it's a good deal, especially when we don't have capital on hand.
However, I personally think that this audience should not get the property. Partly because it's way beyond his affordability, partly it's also because he's only so young. This should be the time for self awareness, self exploration instead of being tied down to a 35 years commitment.
For more of Cloakwork's masterpiece, do check out his IG account: https://www.instagram.com/cloakwork/
Lately I've came across this new wave of adapting graffiti artwork for building facade treatments. It has always been applied on small corners, or back lanes of buildings with the intention of drawing crowds for selfies. But I do see the trend coming up very strongly, especially after the successful work of Cloakwork being implemented in the front facade of commercial areas.
Also, I'm very excited that local artist of such are getting paid enough and they're matured enough with their personal finances. Overall, this is me trying my best to promote local artist as alternatives to common areas around Malaysia. If you have a blank wall around your office with interesting stories, why don't you consider getting local artists to help express your idea. What a fun episode!!
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, we will discuss about when to sell a landed home that this audience didn't use as much. It's very unfortunate that location ultimate determines the importance of a house.
Also, the priority determines the strategy for selling the property. Is the speed of transaction more important? Or the best price will be much preferred.
Vasari Malaysia website : https://www.vasarimalaysia.com/index.php
In this episode, we will speak to Jack Lee, General Manager of Vasari Malaysia about the rising trend of home decoration. After the lockdown, homes became important setting for us to both live and work. Therefore, I'm seeing the trend of beautifying the house reigniting again.
Besides paint, panels, and wallpapers, we also have venetian plaster which is this one of a kind product that is very popular in lifestyle oriented venues such as cafes, salons, show rooms and etc. More than aesthetics, the wall finishing material can also help cleanse and cool down the air within the space.
For my personal investment properties, I'm exploring their products to help them look cool and relevant to the time which will indirectly increase the rental too=)
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, we spoke about how to transfer ownership from an audience's parent to him. Then what to do with the property after that. It's a debate between renovation and getting a new property.
This is pretty complicated because there's more than just built up for property. There's convenience, the sense of community, memories, and etc. So we spoke about all that in this episode.
Link to join my team in property investment club: https://bit.ly/3KhWeNI
Last week I was invited to speak and share my ideas about property investment with a bunch of university students. I really had fun and it definitely brings me back to the days when I started my investment journey.
There were many great questions asked and I hope the session was fruitful.
Link to their latest product in Bandar Setia Alam: https://spsetia.com/en-us/property/malaysia-(central)/setia-alam/setia-alam/collections/setia-city-residence
In this episode, it's incredibly exciting for me to meet a senior from the industry that participated the entire journey of the legendary township of Bandar Setia Alam. Throughout my entire childhood, this township has been discussed around dinner tables around my family about it's quality and high demand.
Via this interview, I just wish the highlight the amount of planning work required to design and execute such a masterpiece township is absolutely insane. It is so well built and designed, I thought that they indirectly created the blueprint for landed strata projects.
We also kinda talked about property investment where both of us agreed that we should have invested earlier. Plus it's not advisable to get a dream home when we are still young.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In today's episode, we discussed the theory of having RM 1 mil in stock investment for 30 years versus investing RM 1mil in real estate. In my opinion, there are just too many variations to the scenario and this rarely happen in reality.
In conclusion, it's about which asset class you're comfortable with and proceed with that. Also it's important to be updated with the latest technology investment products such as virtual land, deFi, crypto and etc.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, we will address a common issue for owners of stratafied buildings. This is an owner who is not exactly pleased when the developer sold off units to a group of investors, then they split more rooms within the units to maximize the returns.
So we discussed on the possible actions that can be taken. Also this would be a great lesson for the rest of us.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, we will address the easiest, most common one liner statement. Personally I am very positive for the property market ever since the first MCO. In fact, I personally geared up several projects since then.
Then for oversea audiences, if you guys have the intention to invest in Malaysia, the property services industry has improved drastically across the years. But I would still recommend to get yourself familiar with the terminologies first while engaging the respective service providers you prefer.
Link to get your pants: https://bottomslab.com/discount/SEAN10
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, we addressed a rather utopia question, whether is it possible to retire purely based on rental income alone?
I addressed several different issues as well for this question such as the retirement age, source of income after retirement, source of property to invest, capital outlay versus rental generated and etc. Hope you guys enjoyed it=)
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
Link to join my team in property investment club: https://bit.ly/3KhWeNI
For this episode, we didn't really address any issue for the audience but rather he resolved his own by just visiting more properties. And this seemed to be the answer if you're constantly going through the FOMO syndrome.
Again, we revisit the 4 basic steps to just reiterate the importance of constantly knowing your intent and affordable range, matching that with the 20 different property to find that one that suits.
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
Link to join my team in property investment club: https://bit.ly/3KhWeNI
In this episode, we will see the dilemma of having such a loving mother who still cares for her children at a matured age. Anyway, we will talk about what to get if you're uncertain about where you're gonna stay?
I would suggest to always go for investment property first. And to eliminate the risk of downturns, always refer to two key data points: Rental rates and past transacted prices. Therefore it's just very easy to make sensible decision in your investment journey if you know how to use these information to your advantage.
If you're interested to furnish up your apartment unit, do check out the website. Also, use the PROMO CODE: SEANTANMAKEOVER22 for discounts and privileges.
Website: https://www.themakeover.my/
Finally after so many episodes, I got in my boss to share his side of the story of being an investor then founded The Makeover Guys. It's just mesmerizing on how one statement from a friend got him into property investment.
Also, we discussed about how the team is innovating within the property industry as Gavin described our new property as 'cars without wheels'. Unfortunately this caught many first time home owners by surprised, and they couldn't afford to furnish the unit.
Gavin also shared his strategy of increasing the competitive edge of your investment unit so you can either reach out to your potential tenant first, or get higher rental rates.
Anyway, it's just cool to hang out with my boss hahahaha=)
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
In this episode, we will address a question posted about stocks vs property. Personally I invest in both and I shared on my perspective. Also I discouraged his intent to buy over his girlfriend's father share on a property.
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
I would like to express my utmost gratitude to ALL the support that you guys have given this channel. I seriously can't thank you guys enough. God bless you guys and HAPPY NEW YEAR!!
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
In this episode, an audience received inheritance due to the loss of his grandmother. So terribly sorry to hear that. However, he is figuring out what to do with the money currently whether to settle his existing housing loan? Or to invest more in properties?
The key question is to know yourself as an investor. What's your risk appetite? And how comfortable are you with managing tenants? These will be key questions to determine the way forward for this money, but in the mean time just park the money at the housing loan to save up interests
In this episode, we discussed about how the channel grew along with all of you guys. We started from property investment, then to watches, then cypto and now NFTs. Well, this is also a golden opportunity for me to reach out to you guys further and welcome to the IHERNG community=)
Get advice from PropertyGuru’s community of experts, just #AskGuru here:
https://bit.ly/AskGuruIherng
Link to Huobi Global to trade crypto: https://www.huobi.be/en-us/topic/double-invite/register/?invite_code=pu8t3223&name=Balder&avatar=3
Link to LUNO: https://www.luno.com/invite/FCMUKX
Link to my collections on Opensea.io: https://opensea.io/collection/journeyaroundmalaysia
Link to IHERNG'S community on Telegram: https://t.me/+kOzGsbt2HmcyMzc1
In this episode, we will address one of the most asked question of all time. How do one start learn about investing?
I shared my methodology about investment, which is:
1) Set goals
2) Understand the types of investment assets to match the goal
3) Determine your preference in which asset class
4) Allocate a small saving for learning, just try out and actually doing it
5) Change your social feed to financial education KOLs
6) Read, learn, update
Hope this is helpful=)
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
Link to Property Investment Company: https://far.academy/farcapitalclient/
In this episode, we will discuss about the revision of layout made by the developer. If developer informs you about the changes and asking for your consent, what can you do?
If the changes are minimal, then it's rather direct which is to just sign and continue with life. However, if the changes are drastic and it affects you personally as a buyer, there are several approach you can take.
You can either negotiate with the developer directly or you can bring the matter up to tribunal if they refused to cooperate. Ultimately, it depends on what you want in return despite the developer and lawyer were not professional enough.
Get advice from PropertyGuru’s community of experts, just #AskGuru here:
https://bit.ly/AskGuruIherng
Link to Tenancy Management Services:
https://www.cozyhomes.my/service
Link to Property Investment Company:
https://far.academy/farcapitalclient/
In this episode, a topic popped up strongly about buying a property in accordance to your work place, is it sensible? Unless it's my personal business or by obligation I'll need to takeover the company one day, it just doesn't make sense to me to buy a property just because it's close to the office where I work.
What if I change job? What if I hate my job?
Property is a commitment for the next 35 years. Even to sell a property takes around 6-8 months time. Therefore my advice has always been to rent where you want to stay, buy where you want to invest.
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
In today's question, we kinda discussed about the idea of HOME. And that is often associated with landed houses as I call it the Nasi Lemak property. I really enjoyed this question as it highlighted that their first property was merely something they could afford at that particular time of marriage.
It's only when times are better they intent to get a bigger home. The outcome would be so different when young couples straight away go for the dream home and it's just so risky.
My idea is when money is not a concern, the house you want to call home is comfortably within your budget, it's not wrong to purchase them. Just that from where I came from, capital was always the problem. That formed this methodology and mindset on fully leveraging on the financial system provided to us.
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
Today this question is more of an email searching for affirmation rather than suggestion. But besides the question, I'm super glad that my work has the ability to influence so many young people. And you guys are spreading the values further, therefore I'm just super motivated to work harder.
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
In this episode, we will address a question from a concerned sister about her sibling being in a crossroad between business and property.
Well honestly this is not really a property related question but I guess I'll just try my best to share my thought process. Ultimately the metric to measure life should not only be money, but also happiness. That would be the main reasoning to her decision making process.
However, it's always better to take risk when we are younger=)
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
In this episode, we will address a question from a young audience who has intention in purchasing a home.
I like the effort in finding out the amount of loan he can apply for, and what type of properties he can get within his budget. That's admirable.
However, I would recommend to switch the intent of buying. Instead of looking for a home, I would suggest to change the consideration of buying. Flexibility should be the main focus for the first property at such a young age.
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
Link to investment company : Link to register: https://far.academy/cisfar
Use the code: IHERNG as referral to join my team.
In this episode, we will address a question about how to allocate a RM 7mil net worth investment portfolio. But to me, instead of discussion investment with a millionaire, I've decided to talk about pursuing passion and turning it into a 2nd career.
After striving the first half of his life with a result of RM 7mil in investment, maybe it's now to develop further in finding his calling.
In this episode, we will discuss about this audience who plans to shift his career from an ID contractor to a real estate agent.
First of all, the stigma of professions are just not cool. It's so convenient to just carry certain perspective and lay onto them. But I always believe there will be good doctor, and bad doctor. Same goes to good agent, bad agent.
Then many do not see the true jobscope of being an agent. It's definitely more than just opening the door and show the unit. Works such as marketing, sales, personal finance and etc are also important elements.
But the most important question would be to figure out what's your intention. Is it for money? Or freedom? If it's just to change the industry, there are many other ways to achieve that.
Get advice from PropertyGuru’s community of experts, just #AskGuru here: https://bit.ly/AskGuruIherng
In this episode, we will visit the topic of refinancing again. I think it's all good to maximize the loan facilities you have provided you create more wealth with it. Also with the low interest rate right now, it's becomes a great opportunity for it to be used as capital within a business context. However, it's a still a form of loan. In other words, it's future money and we will still need to pay for interest on it. So be mindful on how to use the money after applying for refinancing.
In this episode, it's not that usual real estate related question again. But I'll do my best.
Speaking from a content creator to another, I was sharing my experience in trying to figure out adulthood. When you move out and live by yourself, there'll be this reality check on how expensive things are. Rent, living expenses, food, insurance, tools and etc. Then how do you manage energy and time between chores, work, and your side hustle.
As a creator as well, this is one of the best time to build your presence and business. Technology is also on our side, so please invest lots of time in understanding them. Anyway, it's very unfortunate that none of these are taught in school. Not many parents share this with their children as well.
In this episode, we will discuss about the scenario that this audience is in. They are gearing up themselves for more property purchases and it's just inspiring. As much as we are being influenced by the media, we need to really be mindful what are we consuming as those will form our believe.
Anyway, one of the easier way to build portfolio would be to leverage on our existing financial infrastructure. After you buy your first property, you can use that SPA to withdraw either 10% of your SPA value or everything in your account 2 in EPF. Then you use that capital in getting the next one. In no time, you'll have 2 properties already.
However, only withdraw out the money if you're gonna invest with it because by not withdrawing, you're gonna enjoy a 6% interest on it. So be mindful!!
Link to website : www.petakpetak.com.my
After discussing about this last month, finally the website is ready. This is a platform where it connects buyers together so we get to negotiate for a better price from the developers.
This was inspired by the fact individual buyers are having the worst experience when they shop alone. It's very unfortunate that they will be paying the highest price at the sales gallery, unless you're a VVIP, family and friends, or a member of a bulk purchasing group.
By doing so, every buyers will get to save a little more and we foresee that amount to be around 2-3% extra from whatever price they got. Of course the more buyers, the more negotiation power we will have.
Anyway, this is again one of my crazy attempt in trying to change the industry. Do check out the website guys!!
Link to getting your own solar system: https://www.plusxnergy.com
After our virtual discussion during the lockdown, Fax and his team finally came out with the model where ordinary household gets to harvest our own solar energy. As this technology has not always been accessibility due to it's technology scarcity, which leads to the high acquisition cost.
Now with the new rent-to-own model, we get to slowly pay off a technology for the first 5 years then enjoy the savings for the remaining 20 years. As an enthusiast in clean energy, I'm already in the process of getting one set for the house I'm living in right now.
Well energy cost is only gonna go up, so do consider if you're living in a landed house =)
In this episode, an audience shared about his investment which is dropping in value and what should he do?
Before buying a property, I always advocate that we should always check 2 data, one is the rental rates. The other would be the past transacted price. These will allow us to determine whatever we are buying is within market price or not.
However, now there's 2 ways. One is to stay yourself. Another would be to cut losses if you want to stop bleeding for that property. To wait for economy to bounce back so you'll get back your value is too uncertain in my opinion.
Website: https://ecoworld.my/ecohorizon/
This is a super rare session as we get Dato' Chan to share his experience of developing the northern region masterplan for Ecoworld. It's definitely a huge challenge and we discussed how did his engineering background and experience helped me got over it.
Also, selfishly I'm super curious about their approach to placemaking and innovation. Throughout the years, they have came out with innovation again and again in a product that we thought was perfect.
I also appreciate the lesson of being too careful during our youth. He went through several ups and downs in the property cycle and he just did not catch any property bull-runs. Also, we have to be really careful when we decide to start investing in commercial properties as the game rules differ from residential products.
Anyway, it's great to be back and cool fact, Dato' Chan and I were in the same team 10 years ago when he was still a consultant engineer and I was a mini property executive.
In this episode, we will address a rather complicated situation posted by an audience. This is seriously one of those rare complex case as it involves family dynamics and lack of understanding for financial terms.
In short, there were several red flags for me. Family affairs in property are always sticky and complicated. The only way forward is to formally document their answers so the parties involved will not get to turn back.
The next one would be regarding the usage of personal loan to settle housing debts. Why take 11-12% interest when housing loan is only 3%? Also we noticed the difference in value. As some of the jewelries were pawn, the audience wish to get back. But sometimes is it worth it if we strictly look at only monetary value?
The last thing would be the valuation based on personal perspectives. Just because it's next to a tourist hot spot, it does not necessarily fetch a high value at this current moment of time.
Well, I'm very worried and concern. Hopefully he has friends with financial knowledge to help this guy out=)
In this episode, we will answer question from an international audience all the way from Hong Kong. We spoke about MM2H and it's impact on the real estate market. Also what would need to be considered as an expat before buying a property in Malaysia.
In this episode, we will answer a question from a student and it's something wild. What would you do if you have RM 5 mil?
This question indirectly demonstrated your thinking pattern and financial knowledge in managing money. To me, it meant freedom for me to pursue whatever passion I may have. The goal would be to create a media channel out of that passion and then use that to build a business. Later use those track records in applying housing loans.
Then divide the RM 4 mil into 3 bags, one super low risk such as fixed deposits. Next would be moderate risk such as blue chips stocks. Another bag would be high and ultra high risk which is cryptocurrencies.
As much as RM 5mil may be, it would take a short period of time for a person without financial knowledge to finish it. A sports car and an apartment would finish it.
For this episode, we will rewind back to our earlier days of stepping into our workplace. Given the opportunity again, would you choose to travel around an hour one day? Or to stay closer so you'll have more time?
Anyway, this question also brought up several trends around the real estate market. She verified the theory that we often discuss in the channel regarding job opportunities directly reflecting the demand for space. Also, we explained the rising of co-living among the units as well as units getting smaller in built-ups.
Last of all, we also touched the concept of 'last mile' that would be the ultimate innovation potential in the real estate world.
For this episode, we will address investment on land deals. In my opinion, it's just too much money on a property that's too risky, the complications can be tricky and it's extremely risky if you don't know what you're doing.
As much as the parents advice him to invest in land, it's just difficult to get financing for it. But I still would prefer if he could learn from them as they've done well.
My suggestion to youngster would be to start small, focus on residential first, then subsales, auction, commercial properties, industrial properties then only move to land.
Then instead of bungalow lots, I personally prefer industrial lots and agriculture plots instead.
This is a conversation about the differences between mixed development and a pure residential project. In terms of privacy, convenience, investment strategy and etc, it's very different for both.
But one important element to take note would be the ownership of the commercial lots. It's gonna be very different between full ownership by one party, or individual owners investing in them as it's important to have the program figured out.
In this episode, we have this audience who's asking whether should he use up all his savings plus EPF plus other insurance policies for one subsale property as his home.
In my opinion, it really depends on your intent on the property, risk appetite, and your career. I would buy an investment unit, immediately use the rental income to qualify myself for the next new property and fully use up my quota of 90% margins.
That would only make sense if I'm aggressive. But if you're laid back and you're comfortable with employment. Then this arrangement should be sensible as you have certainty for your income.
However, an important note would be to ensure the rental can cover at least 80% of the instalment.
Several emails from the audience raised this concern and inspired this episode. As developers are getting desperate due to the lockdown, no one could visit sales galleries and that has greatly affected sales. So for the next few months, do lookout for these signs in a 'great' deal.
The same strategy will either make or break you. For eg, cashbacks are great in equipping yourself with liquidity, but it would be risky if your lack of discipline decided to spend them all. Just another friendly reminder while you guys are shopping out there. Stay safe, stay informed guys=)
In this episode, we have came across one question that is not directly related to real estate but I'll try my best.
This question has more correlation to family dynamic. So my suggestion would be to first get a job outside to test his own 'worth' in terms of salary. Then to have an open conversation with his parents about his growth. Based on experience, sometimes distance forms stronger bond with the family.
In this episode, the audience asked a follow up question about bulk purchases. As he is concerned that normal people who walks into sales galleries are paying the highest price for a project.
First of all, I've explained quite extensively about bulk purchase. Also, I've indicated that it's still sensible to buy from developer as not all of them will work with bulk purchasing groups.
As a capitalist, my goal is to look for the best price for that one project that I wish to invest. However, that takes experience. It's just very unfortunate that the market is inconsistent and not transparent.
Whatever you want to call, basically it's a scheme that leverage on the arbitrage between bank's valuation versus the price offered by the seller of the property. However, using zero money to own the property does not mean you don't need money. You'll still need to qualify for the loan, and pay up certain initial amount for the deal to start rolling.
Even since I started my investment journey 12 years, this has been a shady practice among property investors where we tried leveraging more on the bank loan facilities by engineering the SPA price.
Then this 'innovation' came about only around 7-8 years ago when developers adopted this marketing strategy to target first time home buyers. These group of buyer had high credibility, just that they had no capital to start property investing.
The ultimate objective for such arrangements is to use as little money as possible to own a particular property so I get to use my cash to place it in other different places.
In this episode we will discuss about this new purchase of this audience. He's debating between MRTA vs MLTA, then the renovation fees and etc. But my key takeaway would be the attractiveness of the price for living in the northern part of Malaysia. Also, there are owners who are willing to sell below market price. This mail just verified that further.
Website to Tune Protect website : https://www.tuneprotect.com/ Speaking from personal experience, I only understood how much I was paying for my home insurance when I was trying to switch over to Tune Protect. This happened because it was mandatory and the amount was 'assumed' to be negligible.
Getting in a friend who developed a new product to change the industry, Steven is an expert that helped debunk some of the myths. Enjoy the podcast=)
In this episode, we will address a young audience regarding his mom's low cost apartment unit. He was asking whether could he take it up and refinance it so he could invest the money in other asset classes.
Well, it's not that sensible to do so as the amount is slightly too low. Also, the unit has been empty for 25 years. Therefore I made several suggestions in accordance to his situation.
Besides property, I also spend time studying watches. I've always been interested in them since my architectural studies where I see lots of architects wear great time pieces.
You'll only learn how to appreciate watches when you understand the context of their creation. The ability to tell time was seen as a luxury and a super power. Until today, these mechanical complications are still perceived as works of art.
In terms of investment, watches are pretty similar with any other investment types where you'll need know which brand and which model will be popular and it's appreciate in value. But I do not see this as an investment, instead I see it as a hobby to take my mind off things. Just that it's a bonus when my hobby accidentally might not lose money. Generally that's because it's not generating dividend or rental, but it allows me to have fun=)
Website to Mr Fax's company: https://plus-solar.com.my/
I've been trying to wrap my head around different dimensions of a property and one crucial component would be energy efficiency. Today I got in my dear friend, the CEO of Plus Solar to share his work and experience with us regarding his journey.
Besides providing energy, his team has now shift to embark on advanced technologies to help analyze the consumption behaviour of energy, then recommend ways to help reduce it. Also to provide solution on storing energy. I personally believe this would be the future but it's pretty unfortunate for us as there are just more high rises in KL.
Just like energy efficient/hybrid vehicles, I think that there should be more tax incentive from the government to push our society to be greener. Many businesses are shifting over as they can enjoy savings, also be kind to our environment at the same time.
Well, too bad as we are still stuck at home but I hope the internet connection will be kind to me on the next interview.
This question is a different twist to our usual property related sessions.
As this audience recently just switched careers before the pandemic, he's now under tremendous pressure and it makes him feel lost. I've shared what I did when I went through similar situations.
Also, we discussed about my thoughts about rumahwip. I believe that it's meant to be used as a home instead of an investment tool.
Subscriber counts meant impact on the community I have via my work.
As much as I want to help out with the current situation of pandemic, there's only knowledge sharing within my capabilities.
As real as I can be, only the strong gets to protect the people. In today's context, that means having the wealth and abundance to help those in need. Hopefully via the channel, more people are able to make the right decision regarding property. Then this group of people can then help more in the future. Well that's currently the idea I have as I didn't foresee myself reaching this stage.
Once again, thank you so much and take care guys.
Link to stashaway promo: https://www.stashaway.my/ref/iherng-50639e3f-96f0-4092-9bd8-1a0a436eb532
In this episode, we will address a question from a couple regarding their recent property investment.
I'm glad that both of them invested in one unit each before getting a home for their marriage. This places them in a better position compared to getting their first property as their home because a home will only a liability. In my point of view, I don't think they are overgearing especially when they have such high awareness towards their finances.
Our finance minister just announced moratorium 2.0 few days back and finally after several clarifications, I've put in some thought and figured out should I apply or not? The core intention of the moratorium is to ease cashflow for those affected by the lockdown where they don't have to pay the installments for the next 6 months. However, interest will still be calculated just not compounded.
Anyway, if you have sufficient cash and choose not to apply, it's entirely up to you. If you are struggling financially, then this is for you. If you know what to do with your money, then do consider taking it. If you're just gonna spend the money on silly things, PLEASE DON'T.
In this episode, we discussed on how much you should allocate as your budget for home. Is 30% too much or too little? I think that it strictly depends on the ambitions you have.
Another topic we spoke about regarding the inefficiency of property market. It's not transparent to the extend where your entry price depends on who you are and where you're from, especially if you're buying from the developer.
In this episode, we will answer a young audience regarding the decision of whether to move out or not. Having the benefit of living with the family in Klang Valley, privacy and freedom kinda became the priority.
Then we also discussed the unique layout of loft. I agreed to the audience renting a place first because that allows him to have exposure of living alone, also to experience the nuances around loft from the ceiling height, staircase width, number of toilets, maintenance around such units and etc.
In this episode, we will discuss on choosing between leasehold landed terrace house versus a freehold apartment.
Financially it's pretty obvious as you're paying for something that is guaranteed to drop in value instead of a property that has the potential to increase in value.
But in terms of lifestyle, it's only for the audience to decide as the property types will determine the way we live.
In this episode, we will discuss about the concerns about home renovation as it can get emotional and personal. It's even worse if it comes with a strict budget.
So for this audience, there will be 3 ways: To DIY, to engage individual contractors or to engage The Makeover Guys. This strictly depends on whether do you have money, time, and peace of mind.
Before we proceed with the strategies of investment, we need to understand why people don't start investment in properties.
Generally, it's divided into awareness, then the learning methodology, and reference for the subject matter. If you're from a circle that do not discuss much about property and finance matters, most likely you're not gonna start.
Going back to basics, we will go through the first step in Sean's 4 basic steps but we will go deep into each intent.
This determines the considerations to be made for each property, may it be driven by personal preference or rental numbers.
Once again, thanks for watching you guys=)
In this episode, we will address a question from Singapore. This is one of the first time I will address the currency exchange issue. It depends whether the audience is planning to come back to Malaysia or to stay in Singapore as that will decide the investment strategy.
Also, the decision of choosing either bare unit or fully furnished depends on whether you have capital. It would be convenient to include the furnishing cost under financing but that will put your unit in the same consideration with the other customers.
In this episode, we will talk about the dynamics of different location somewhat matters. Taking Cyberjaya as an example, it has the complete infrastructure that comes with tertiary education facilities, parks, malls, and public transports, but it just couldn't pick up in terms of population.
Also we talked about the research work done before buying versus after buying the property. There's nothing much for me to say but at least we address the next portion of investment, which is what to do after we get the keys.
Link to Tune Protect website: https://bit.ly/3pwJBEv Another part of the cost for owning a property includes property insurance, sometimes known as fire insurance and some are called home insurance. Generally, this is a protection just in case your property is affected by emergencies such as fire, lightings, flood, landslide, theft related damages and etc.
As insurance evolves in accordance to our lifestyle, now it's so diverse to the extend I get to pick and choose packages in accordance to my need. I found the Landlord Pack most interesting as it protects my loss of rental. It means if my tenant ran away, I will be covered. Also, it covers my property for malicious damage. That will put myself at ease after investing money into furnishings.
Most of the insurance are packed together with the services provided by financial institution. So I'm really glad that now there's a cheaper alternative to home insurance. However, this applies more to my parents as most of their friends and families stay in individual titled landed properties. Those property profiles have higher exposure to risk of flood, water leakages, termites, burglary and etc.
If you're interested to save around RM 300-RM 400 in your annual insurance coverage for your house, do check out their website at tuneprotect.com or log on to their app to find out more.
Disclaimer: I am not a licensed sales representatives, so please refer to tuneprotect.com for more information. If there is any discrepancies of information, Tune Protect website information shall prevail.
Ultimately, property is just another asset class just like crypto currency, stock market, gold and etc. Each investment type has it's own pros and cons, so it's important to determine whether is this asset suitable for your investment appetite and risk tolerance.
After understanding that, we then decide the percentage of property investment within your portfolio.
For those who's gonna get they keys to your investment soon, do get your free consultation from my team via the link below=)
Link: https://www.themakeover.my/
In this episode, we will explain the different venues where we can purchase or get access to properties. Generally there are 5 channels, government land, primary market, secondary market, auction and bulk purchasers.
Your investment strategy will then be different if you choose to embark in different mode of buying channels.
It's very unfortunate that we are going into another lockdown. First of all, it sucks. But instead of focusing our energy on that, I'm taking this opportunity to do up this series where it ease newbies to start consuming my content in a structured manner.
If you're getting keys to your investment unit soon, why don't you hook up with my team at The Makeover Guys. Check them out at: https://www.themakeover.my/
In this episode, we will discuss about diversification. In all investment, this term is often used to protect investor of over exposing themselves to risk. However, it's also a saying that you'll diversify only when you don't know what you're doing.
Then for this audience, his intent is to invest in the same building that he is currently living in. Does that make sense?
In this episode, we will discuss about elements in a masterplan. Some are bonus to the property, some are not.
Then for the property adjacent to the cemetery, I would gauge the selling price.
As long as it's justifiable in terms of rental rates, I will invest.
As a matter of fact, I've just booked a property next to a cemetery as well.
The property price was good, and the orientation of the unit was facing away, hence I placed the booking fee.
My friend, Ms Kelly's number: +60 12-266 0695
In this episode, we have an audience from Singapore that is planning to invest in KL properties. The push factor would be the non-investment friendly climate for the property market in SG, then the pull factor would be the prices of KL properties. Truth to be told, our properties in the city center are relatively affordable in comparison to our South East Asia neighbours.
As for investment strategy, it's only suitable to buy now if you have sufficient capital to hold. Easily the vaccination process is gonna take another 2-3 years, then it'll be another 2 years after borders are open for rental to start picking up again. However, it's a great opportunity to find some great deals right now.
If you are about to get the keys to your new property and you are not sure about the cost, do get an immediate cost estimation via the link: https://www.themakeover.my/get-cost-estimate
In this episode, we got in my architectural studies classmate Ms Rachel Low to discuss about her work before she gets her professional license soon. We went endless deadlines and submission together, we even interned in the same architectural firm.
Personally, I wanted to highlight the importance of architect as a profession but it's not really reflected in the working culture of Malaysia. Also, I want to highlight that architecture is more than just beautiful facade and cool lightings.
Well, this is one of those rare chill episode =)
Link to James's project, Tuai : https://suntrack.com.my/tuai/
Also get a discount on your coffee order, use 'IHERNG12' via the link to enjoy great coffee that will be sent directly to your house or office.
Link for Krave Koffee order : https://kravekoffee.com/iherng
In this episode, we are privileged to have Mr James Tan, CEO of Suntrack Development to share his experience of starting a development company. As it's getting tougher nowadays to qualify as a developer today due to the high capital, also the ever changing regulations imposed by the government and ultra high expectations of customers.
But personally, I truly enjoy the work of his team as the thoughts were displayed via designs in the building. Now with them promoting aggressively on the 'Magic' concept, I would also want to do my part in spreading awareness for such great work. His passion towards the design of his products and his end customers are just admirable! So much respect=)
In this episode, we will address a question from an audience from Penang. It revolves around Penang or Mainland, investment or own stay, long or short tenure for loan. As usual, I gave my twist on it.
In this episode, our audience shared about her property price is lower than the price she bought several years back. Hence in this episode, I highlight two parts to the answer. One is to prevent these kinda situation from happening.
Another part would be to salvage from the loss. But truth to be told, it's really nothing much that we can do as an individual to increase the property price. We can only try our best to increase the rental rates so it will be appealing to investors.
Rena's FB profile : https://www.facebook.com/rena.choong
For this episode, I got in my coach from Far Capital to clarify matters regarding mortgage. Matters regarding freelancing, income declaration, government loan, strategies of investing and etc.
As she witnesses loan application day in and day out, she also shared several reasons why the approval rates are low for certain segment.
Also, if you're interested to join us in our property investment journey, you can type in 'IHERNG' in the referral segment to be in the same group. Again, no pressure: Link to register: https://far.academy/cisfar
In this episode, we will address several things for this audience regarding his latest purchase to be in one of the affordable housing projects.
We discussed about orientation, number of lifts, common areas, maintenance of refuse chambers, technical drawings and whether can they fit a bathtub.
In this episode, we will discuss on how to diversify in terms of property investment. It has absolutely nothing to do between new property or subsale, instead it's about investing in different locations or different category. Ultimately the limiting factor are still your risk appetite, as well as your cash in hand.
In this episode, we will address a question from Penang. Should you sell or rent out a fully paid apartment.
In my opinion, I think that if you're aggressive in your investment behaviour, then I would not only rent out, but to also refinance and take out money to invest further.
But if you're planning to slow down and enjoy life, then selling might be a better idea as you want to minimize distractions.
Type in 'IHERNG' in the referral segment to be in the same group so I can share with you on investment strategies and the projects that I'm buying.
Link to register: https://far.academy/cisfar
Well, I would just recommend to check out the session and make your own informed decision whether to sign up or not.
In this episode, we will address an issue regarding a new buyer not being able to move into their new place due to noise complaints.
Personally I don't think that's the reason as it's mainly due to the SOP to prevent the spreading of the virus.
We also discussed on the matter of defect checking services. As I think it's a great check and balance system by the owner, it would be impossible for buyer to impose such cost onto the developers.
Today we will be addressing a question regarding the switch of investing into an apartment close to the office to a landed home after discussing with the boyfriend.
I drew out scenarios between buying a home far away from CBD, and travelling everyday through the traffic congestion versus living in the city for the mean time. There's also a confusion about landed property prices that only will increase in price.
Anyway, I've always been against couples sharing their purchase together and I think she should get her own unit first. Then share the landed house later. If they require both names to get financing then it means it's way beyond their affordability.
Link to his latest work: https://damansaraavenue.com.my/ativosuites/
In this episode, we drill down into what are development processes required to transform a land into the buildings that we see. Also, we will learn about facilities managements=)
Promo Code: https://www.stashaway.my/referrals/tanidxm
In this episode, we will talk about my experience after using Robo-advisor, Stashaway for a year. From MCO 1.0 to MCO 2.0, I've actually managed to save up enough money for renovation and the profits are somewhat equivalent to a new sofa, which is absolutely amazing.
I must admit I'm not an expert on what goes on with the money, but this app definitely suits 'time poor' profiles like me. So for those who are just like me, do look into it, study it a little bit, and decide for yourself whether to try it out or not.
In this episode, we will address a question regarding his new property that he just got keys to. However, the returns did not met his expectation. Sometimes, the unfortunate truth is rather direct sometimes. That's nothing much that we can do to the unit to change the outcome. We would have gotten the details about rental rates versus installment before buying instead of after getting the keys.
Also, in order to achieve whatever goals the audience has, he has to figure out how to increase his income while staying in this particular property. Hence I suggested the audience to just stay in his property for the next medium term until he needs a bigger house as his family grows because the rental rates might not have a lot of room for increment because of the massive upcoming supplies.
If you just received the keys to your new property, kindly get instant quotation from The Makeover Guys : https://www.themakeover.my/ And use promo code #seantanmakeover for rebates up to RM 5000=)
In this episode, we will discuss about whether would you rather retire with more cash or a property in your name? This audience has been debating on that and I realised the main variable would be the price appreciation. If the property will go up, then why not right?
Based on logical assumption, salaries will go up, cost of materials will go up, cost of land will go up, along with the upcoming developments in Kuantan, I think it's pretty safe to say the property price is pretty secured.
Also, I've proposed my take on the matter but it's only for reference because I don't think it's fair to impose my concept to another person.
If you just received the keys to your new property, kindly get instant quotation from The Makeover Guys : https://www.themakeover.my/And use promo code #seantanmakeover for rebates up to RM 5000=)
In this episode, we will address a question from this audience who is still studying in UK. I'm super humble that he has saved up so much and now, he is planning to purchase a property in Malaysia.
Although the process allows for such transactions to happen, do take note that it's way more complicated for subsale properties compared to new properties.
Anyway, I would suggest the audience to first finish his studies, then get a stable income before getting into a property since he's already ahead of his peers. So well done for that!!
Get instant quotation from The Makeover Guys : https://www.themakeover.my/ And use promo code #seantanmakeover for rebates up to RM 5000=)
Link to Jeff's FB page: https://www.facebook.com/LelongKingJeff Besides new property, subsale property, bulk purchase, one of the hot topic right now would be the marketplace of auction property.
It took me quite some time in updating my knowledge in this particular topic as it has transformed tremendously with the application of technology. So, hope you guys liked it.
In this episode, I have received a question from a student of mine back when I was teaching in Kumon Centre.
As he just graduated, he asked how would I invest RM 100k when I'm 22. Well, instead of money. I suggested him to invest his time and energy on learning instead.
Our very first episode for this new series and I have Mr Bernard Yong, the Head of Branding and Strategic Marketing for Mah Sing to share his experience, as well as his take on the property sector for this year.
Link to their website: https://www.mahsing.com.my/homewithmahsing/
This audience just demonstrated what I hope I can do in my 50s, still hungry and active expanding their property portfolio.
My principal is to always use 'other people's money'. In order to buy a new property, I will raise capital by speaking to a mortgage consultant in order to explore to potential of refinancing the existing properties on hand. The key would be to have the properties breakeven between installment and rental amount. In our 50s, the obstacle would be the loan tenure provided by the bank. It will be very short resulting in a high monthly installment amount. Hence heavy cash outlay may be the solution to afford new properties.
I would also encourage this audience to explore sub-sale properties as they provide higher certainties. Use the upfront capital as an advantage, invest in properties that is already making money. People are not buying them because they cannot afford the high capital outlay.
If you're an editor, writer, content creator, videographer, and just anyone with a passion for property, kindly email me your work at taniherng@gmail.com and I will run through them.
And for the rest of you, thank you very very very very very very much for all the support and attention all these while. I just can't thank you guys enough.
In this episode, we will discuss on the rationale when your future wife insisting on buying the first property together. It might a romantic thing? But great deals don't come knocking on your door all the time.
Also, we talked about how awesome our parent's generation can be as this audience received RM 100k from them to begin their investment journey. This got me thinking about how the gap of wealth will only grow larger as the concept of investing will be passed down to future generations.
In this episode, we will talk about the strategy of moving into a bigger house while renting out the existing home.
Also we kinda talked about Cyberjaya and how we can leverage on the existing conditions on it. I also threw a curved ball at the end.
In this episode, we will talk about investment strategies that focus on cashflow versus capital appreciation. Generally it's about certainty.
Also we spoke a little bit about car loans and the impact of positive RM200 per month versus negative RM 900 per month.
Anyway, I would like to wish everyone Gong Xi Fa Cai!!
In this episode, we will discuss whether should you allocate RM 100k on the renovation for your new home? Or should you continue expanding your property portfolio with that sum of money?
Also, I've discussed on the several things that we should take note if we were to make either decisions.
If you're getting the keys to your new unit soon and you're not sure what to do with it, do get your free consultation with my team members at https://www.themakeover.my/ Also use #seantanmakeover for rebates up to RM 5000 =)
In this video, we will discuss the 3 general strategies of how investors increase the rental return for their unit.
It's either to dress-up the unit, to divide/partition up the unit, and lastly to operate short term stay. Generally these are the methods that investors apply, however it still depends on the target segment of the tenant market.
If you're looking for a makeover, do check out https://www.themakeover.my/ for FREE consultation. And if you're interested, tell Lisa #seantanmakeover to be entitled for extra discounts and benefits up to RM 5000.
In this episode, we will talk about the news regarding late delivery of house are now based on the booking collection date instead of the Sales and Purchase document.
Yes, this may be fair to the purchaser but at the same time, will this case disrupt the practice of property transactions in the market? And after the abolishment of bookings, will the discounts and rebates be next?
My take is the developer should've just settled it in the individual level as the market practice. If the practice of booking collection is abolished, I'm just worried that the gap between rich and poor will only continue to widen.
Let me know what you guys think.
In this episode, we will do some revision on the difference between properties, which are more than just four walls.
For investment properties, the value is dictated by the rental rates. Rental rates are heavily dependent on job opportunities. Connectivity and population are then factors that affects the job opportunity of a particular location. Hence, rental rates are a direct reflection of the temporary demand for space in that particular location.
As for own stay, the demand are skewed more towards emotions. The price is determined on who's willing to pay more to stay in a particular area. The peculiar thing is this defers from one individual to another as all of us have our own agenda in buying that particular property. Hope that clarifies.
If you're getting the keys to your new unit soon and you're not sure what to do with it, do get your FREE consultation with my team members at https://www.themakeover.my/
Also use #seantanmakeover for rebates up to RM 5000 =)
Ms Catherine contact number : +60 12-560 9265
Do contact her regarding loan consolidation matters as she's the one assisted me. Just mention you saw this video and she'll know what to do=)
In this episode, we will discuss about how we can use refinancing as a strategy to either settle debts, or to raise fund in buying the next property. However, when it comes to declaring rental in our income statement tax, I'm not the subject matter expert as this current state of my state, I'll fine with paying high amount of tax. This is to prove my credibility so I can get my financing for my future property purchase.
Hence if you're a tax consultant, please share your expertise on the matter=)
If you're getting the keys to your new unit this year, kindly check out the latest promotion from my team: https://www.themakeover.my/winningpass2021
In this episode, I'll explain the agenda of why investors choose to furnish their property when normal folks are concerned over the return on investment for that renovation fee. How do they justify their investment? The property that we buy can be described as a car without engine. Owners will need to furnish up the property and the level of furnishings becomes the unique selling point if your unit is up for rental. Generally, the philosophy is to use the least amount of money to have the highest rental return.
Thus, owners can either choose to DIY, leveraging on e-commerce platform and their financing facilities. They can also engage professional interior designers for their home if they have abundance in budget. It's only 3-4 years ago companies like The Makeover Guys exist can it has soon become a new alternative for buyers.
Ultimately when I engage furnishing companies, I'm simply paying for the time and design sense that I don't have.
In this episode, we will discuss about how does the government build affordable housings. Currently there are several arrangements of typology, where you have one where the affordable housings are built separately from the open market product. Another would be one project integrating both types of products. So will there by any problems if I were to share the same project where there's an affordable component??
In this episode, we will discuss about a house that this audience bought. It came with existing renovation works but they were not approved by the local authorities. That will cause some complication in terms of valuation and insurance claims. Hence, what can this owner do? To ask for approval or not?
In this episode, we will talk about a mistake that this audience admitted to himself. He bought a property in a very high density, and he found differences between his unit and the show unit. So what can he do? Also, we discussed about the responsibility of developer and what's legally binding to us as customers. Check it out!
In this episode, we will figure out whether should we sell or keep a project which is still under construction.
As many new buyers are enjoying discounts for their new property, they often don't know that they are required to pay back if they were to cancel their SPA half way during construction. So instead of paying that amount instantly, would it make more sense to wait until you get the keys?
Currently, our government has set a rule to only allow Malaysians to be entitled for 90% loan for our first 2 residential properties. This a cooling measure implemented to curb the property bubble back then.
However, that created a lot of anxiety for first time home buyers as they try to strategize every move correctly. What would I do??
In this episode, we are going back to basics to what is land title? Then what is zoning? Then what is the main driving force of such products to be designed in the market? Then what are the key points to look out when we buy such products? All will be discussed in this episode=)
In this episode, this audience is planning to expand his business and he is looking for an industrial property. I briefly explained the difference of commercial property investment versus residential property. In terms of tenants, location, frontage, source of workers and etc. All are required to be take into consideration.
This is an interview done via zoom with my friend, Ryan for his show on TVS. Come to think of it, my friend is on Astro while I'm still here hahahaha=)
In this episode, we will answer a student who is currently studying real estate and he is wondering what would be his future and etc.
This definitely bring me back to when I graduated with my architectural degree, but later chose not to pursue it.
In this episode, we will address a long series of question regarding residensi wilayah. It's a form of social housing, provided by the government with the intention to ensure every Malaysian will have a house of their own. Hence as a responsible capitalist I will try my best to stay away from these. Also, the audience shared about her encounter of SPA cancellation. It was painful and expensive.
Link to the website : https://www.cozyhomes.my/service
This is something that my team in the office worked on with the intention of easing the process of becoming a landlord aka property investor. Do check it out and let me know what you think =)
In this episode, we will discuss about how to decide whether to let out an apartment unit, or the sell. What should be the consideration factors? Also, this apartment unit was initially bought and furnished with the intention of own stay. And they spent quite a sum of money on ID, hence making this investment not so feasible if we were to apply the usual ROI calculation method.
We learnt several things in this episode:
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It's not the flipping game for property now.
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Intention of buying the property also applies to the furnishing strategies as well.
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With the current government initiatives that only focus on new projects, subsales market will suffer. But that also means it's a good opportunity for those who got money.
In this episode, we will discuss about loan application. This audience went through rejections earlier due to misplacement of income into different accounts. Hence what should be the right procedures? And what other factors contribute to loan rejections.
In this episode, we discussed on several matters around budget for our first home, limitation of leasehold property, but the more interesting segment would be about the ethical part of the real estate agents.
Well, we are also part to be blamed because our behaviours encouraged such actions. Some food for thought=)
In this episode, we will discuss how to justify a location for own stay. For everyone's first purchase, it's gonna be a very challenging decision to make as there are just too many questions to be answered.
Is this the right time?
Can I afford?
Is the the right location for me?
I've shared my takes on how I would tackle questions like these.
In this episode, we will discuss on the ultimate question everyone should ask themselves.
What is your risk appetite? What's your expected return? What's your exit strategy?
Only yourself can answer all these hence that makes every investor different. For eg. I was fine with coughing out RM 200 every month as that was my game plan since the start. And now since the rental rates increased, it was better than expected.
I also shared my thought process when I was buying my first property, as well as my mistake. This is where accountability is important.
In this episode, let's address this rather popular question.
Basically it depends on 2 criterias: macro and micro.
Macro relates to overall macroeconomics such as Malaysia's GDP, political stability, as well as the stage of property cycle that we are in.
Micro reflects the preparation of the individual to buy a property. Does he/she has sufficient saving as emergency fund? Is the source of income stable? And etc...
I guess we can control the micro portion of variables, then match that with the macro elements.
In this episode, we will discuss about what can this audience do while coming across a property that was advertised wrongly. Now she is in the cross road whether to proceed with the deal or not. What happens if she chooses not to proceed? Can she get back whatever that was paid? Then what if she chooses to proceed? What are the risks then?
In this episode, we address a question from a university student about running a sublet business. I've explained the list of risk that he has to know such as business, insurance, fire, and it can be overwhelming along with his studies. Also, in return for those risk, how much is he exactly getting back? Thus is the returns worth the risk? Those are the considerations he needs to make=)
In this episode, this audience has just booked a corner lot terrace house in Cyberjaya. She sees the need to move but she's worried about the extra commitment that might be a burden to her and her husband.
My advise is to first run the kailan theory. Find out the market price for a corner lot terrace house in Cyberjaya to determine whether is this project a good buy.
After that, discuss thoroughly with the husband on the expectation of extra monthly installment. Should you get a dream house before your dream job?
Then, if they decided to get the house. Do check the surrounding utilities at a landed property such as fire hydrant location, feeder pillar or TNB substation, as well as the location of street light.
In this episode, this audience has followed my buying journey for my latest property in Bukit Jalil. It's called Tropika, located adjacent to the Bukit Jalil golf course, Pavilion 2 and etc. Just to clarify that this does not serve as any endorsement or sponsorship as I'm buying at a price just like everyone else who walks into the sales gallery.
This audience highlighted a few great observations where the larger the unit, the cheaper price per square feet. Here I've explained the logic behind price psf and how should we use it. Also, I've encouraged him to get a unit where the rental can at least cover 70% of the installment as a place to stay because his end goal in the future would be to rent it out.
In this episode, we will address a question whether to invest in SG or KL? Well, based on the homework I've done for both country. They both have different policies and approaches to their real estate market. Singapore government did a fabulous job of ensuring every citizen will have a place to stay as their government housing takes up a big percentage of their total real estate. On the other side, this makes it difficult to leverage real estate as a tool to make money as it's highly controlled. In KL, the market is free for all as the performance is determined by the balance between supply and demand. However, an important factor to consider is about the currency exchange. Although it's easy and fun to convert SGD to MYR and buy properties here in Malaysia. But to convert the profits back to SGD would be the same.
For this episode, we will address a romantic question of transferring name between properties. My suggestion is to either transfer the property after the marriage. Hence don't need to worry about the tie before putting on the shirt. Another point would be to think bigger. As my secret selfish goal is to enable everyone to have at least 2 property in this lifetime. One for ownstay and another for investment and old age. After marriage, both of them can aim to go for another property using both names instead of transferring names for the first property.
As there's a new addition coming soon into the family, I need a car with more storage space mainly to carry baby stuffs around, especially the stroller. However, I've been enjoying this Suzuki Swift very much. The flexibility, the acceleration, the reliability... it's a car that I wouldn't need to change. Throughout this experience of searching around new car show rooms, I've realized several things:
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It's ok to buy car knowingly they will drop in price
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For a tax waiver of RM 3800, it makes a RM 130k car worth buying
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The experience of buying a new car is so pleasant compared to properties
But what I enjoyed the most, is when a car noob like me shops around and purchase a car, it reminded me of the feeling of getting my first property. That just brought me closer to all first time home buyers=)
In this episode, we will address what to do with a fully paid leasehold terrace house that this audience bought 7 years ago. He chose not to sell because the current price of the property is not as per his expectation. But he is considering to sell because of the RPGT. Then he want to rent out to get some passive income, but he also don't want to rent out because he worries about the wear and tear of the unit.
In this episode, we would address several questions from this audience:
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Would I need a lot of cash in buying a property? If yes, how much? And is there a difference between buying for investment and own stay?
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Is it okay to buy a property with 4 siblings name together?
After this month, we are all back to reality as we are required to start paying installments, credit cards, hire purchases and etc. So when these are back, is property price gonna drop?
A few takes, prices of properties that are more inclined to expat popular areas for eg houses around KLCC. These are generally for Aibnb, and short terms stays as it's close to the city and lot's of MNC offices. Another type of property that will drop will be tourism focused areas, but these are showing signs of recovering during RMCO.
In this episode, it greatly illustrate why I emphasize again and again to not invest in a property with your girlfriend or boyfriend. What happens if one side refuse to pay her or his part of the installment, just for the sake of not wanting to? The property will get auctioned off and both of their credit scores will get into trouble. My suggestion would to just stay rational to pay up her share, then try her best to sell off the property as soon as possible, even at a loss. Put an ending to this part of her life and move on already.
In this episode, things got kinda technical with lots of jargon. I guess this is when the professional lawyers, surveyors and etc are there to assist us. I've also summarized the detailed information required further for me to assist:
- What kinda property is this? Land or house?
2. Is it bumi status or malay reserved?
- Is the OTP being signed with a professional as the witness for the process?
Well, irregardless whatever the answers are, I strongly recommend to engage a lawyer as soon as possible because he or she will be in the best position to advise you further.
In this episode, we will break down the pros and cons between high floor units versus low floor units. The considerations differs in terms of investment and own stay purposes. Which one would you prefer?
In this episode, we will address a question from an audience about investment between a matured location versus an education faculty focused product away from the city. Also, this audience is also having inconsistent income which might affect the loan application process. Hence, kindly reach out to my banker Ms Catherine 012-560 9265 .
Thank you soooo much for all the support guys!!
This is just an update on my personal well-being, the future of the channel, as well as a GIVEAWAY sponsored by one of the audience herself!!
In this episode, we will address what happens when you cancel your purchase after signing the SPA. Well, it depends at what stage you're cancelling the purchase because it affects the amount that you'll need to pay back or burn. The grey zone would be the initial 10% as you cancel. Does the developer take that into account, or is it really a discount? After finding out the amount that's gonna be burnt, I suggest to balance that against the cost of getting the keys and preparing it for tenancy. Basically it's to balance which solution will make more sense.
In this episode, we will address a question regarding his first purchase with his wife. As they are about to get married, they are wondering should they invest in a home straight away? Or get one in the city where it's more convenient for the time being? My suggestion would be to get that apartment which is convenient, with the investment mindset. Then 3 years later, when they are planning to extend the family only get that dream house away from the city. This is when the career path is more stable, and financial status is much healthy. I'm even pushing it to rent that dream home. But this is rather unacceptable for many people as it's still more sensible to own the house compared to renting.
This is an interview with 2 young gentlemen from Team Property Video Rockstar.
We talked about how to start a channel, and what are the common challenges during the process. I hope this will many people who have the intention of starting a channel irregardless whichever genre.
A very debatable episode, would you retire in a landed house or highrise? In my opinion, I would retire in a strata unit as I prioritize security and components that complements an active lifestyle. I guess landed strata can also provide those requirements. My entire take is to not have me serving the house instead of the house serving me. Kindly share what's your take=)
In this episode, we will address a question regarding this audience who is trying to buy a property from this developer but the banks are not providing the loan amount due to restrictions in their valuation. I've explained the different in valuations of the property price and what's the usual cause for these cases. Also, I explained the difference between market price versus bank valuation versus asking price.
Mortgage banker contact: Ms Catherine 012-560 9265. In this episode, we will address a question who works in Hong Kong with the intention to invest in a property in Desa Park City. As he's working overseas, the common complications usually occur during the loan application process.
In this episode, we will address a question regarding this new investor considering between a new, newly built unsold, or subsale property. Each of those have their own pros and cons but to me, the right question to ask is which one can generate the investment return I want? Why would you proceed with the purchase when you know it's not gonna be generating enough rental compared to installment?
This is an interview about how I shared about the my Youtube channel. I often encourage young people to start documenting and share their passion to the world, and one day it might catch attention of the audience that share the same interest. And from there it might have possibility of turning it into a career. Thus, this is just some findings after my 3 years journey... *small sharing lah=)
In this episode, we will discuss about what to consider before deciding to sell a property of this audience. Also, when would be the right time to refinance the property.
In this email, we will help Julia make a decision on which property to go for as her home. Several points to consider while making this decision: 1) Capital on hand 2) Disadvantages of leasehold property And based on those, the better choice would be to proceed with the leasehold property. Besides the higher upfront capital and leasehold limitations, she is buying a place where she is extremely familiar with plus she can make informed decisions and take calculated risks.
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.
In this episode, we will address a question regarding the strata title and MOT. The difference of the Strata Title Act and Strata Management Act would be the time of issuance of title. Even without the title, there are still ways to transfer the ownership for the property. As for MOT exemption, there's some government initiatives but it's only applicable to property of a certain budget. And some property developers are not participating the HOC (Home ownership campaign), hence buyers need to pay their own MOT and loan fees.
In this episode, we will discuss about the interest that buyers need to pay during construction stage. Many may think that they only pay the initial down payment and nothing else until they get their keys which is totally inaccurate. There used to be this scheme by the developers known as DIBS (Developer Interest Bearing Scheme). But it was taken out as a measure to prevent property bubble back then. This is great question, as well as a great reminder to new purchasers.
Stashaway referral link: https://www.stashaway.my/referrals/tanidxm In this episode, we will address a question from an audience that went back to his studies. But he still feels left out and he's fearful of graduating at 28 and having nothing. First of all, let's address the FOMO syndrome. I know it's tough to ignore it but let's try our best to screw it. We are definitely gonna live for another 60-70 more years so what's the rush. Instead, focus on the after study hours. Channel them into learning either a new craft, new skill, new youtube channel and etc. By the time he graduate, he would be having another craft to lean on. Then instead of putting money into property as I always advise, this case is different since he is studying. I would break the RM 150k into RM 60k as hard cold saving, then the RM 90k is invest in himself. Go learn something new, attempt to monetise his passion and etc. The goal is to learn how to make money online. People often overestimate what they can do in a day, but underestimate what they can do in a year.
In this episode, we will discuss about a different approach to marketing for a property development. This audience came across a project with minimal images and details in Mont Kiara but the project is almost fully sold. Nothing only the booking fee is high, the duration given to acquire loan is also short. This is pretty common as the extreme situation would be just 10 years back during the property bull run, some investors are paying under table money just to secure a unit. The only concern for buyers would be the completion of the project. Since the project is almost fully sold, completing the project shouldn't be a problem. Also we discussed about booking fees, how it is not recognized by the government and law yet commonly used in the market.
In this episode, we will address a question regarding rental strategies revolving student accommodation. As property investors, we would forecast the profile of tenants for the particular property before investing in it. The more options of tenants a property has, the higher the potential for rental returns. The tenant profiles then dictates the strategy for furnishings as well. Students would require different interior treatments in comparison to families. Locals would have different taste compared to expats. Great question!!
In this episode, we will learn from an audience from Malacca who got her drawing in SPA mistaken. This is a rather big deal when you come to think about it. What if you realised 2 years later when you receive your house, the deliverable is totally different from what was expected. A great sharing from the audience to always check the documents before signing!!
For those who have heard this before, do just take this as a revision.
Because I'm super grateful for all the new intention from new home buyers, I realised I have not formally made this 4 basics video.
Step 1 : To determine the intention of the property purchase
Step 2: Find out how much loan you are eligible
Step 3: Visit 20 or more properties around your budget
Step 4: Make that informed decision and take that calculated risk
I'm super grateful for all the questions sent in by everyone. But there's only one type of questions where it's almost impossible for me to answer:" Dear Sean, this property XXX for own stay can buy??" After the affordability test, where you're fully aware on the monthly commitments required to own that particular property only we will move on to the WEEKDAY-WEEKEND test. Here you'll need to imagine yourself living in that particular property for entire weekday. From the time you wake up, go work, breakfast, lunch, dinner, leisure, kids, and etc... All aspects will then be covered. Then do the same for a weekend. I've realized that people are just making a purchase just for a moment in the weekend. For eg: A walk in the park where you are only gonna use it for Sunday morning. Then is it worth it?
In this episode, I will address the concerns of an individual who is planning for her future and she wonder how I would do it. I always believe to not splurge in the first property (similar to previous episode) and to get investment property early where the installment can be covered by rental. This will allow a good DSR for the next loan application. Then fast forward 15-20 years later, she will have 2 properties while still renting the same place if you choose to.
In this episode, we will discuss whether or not to spend on your first property. Buying that dream home using joint income for a young couple is just lovely. But for an investment point of view, I'll strongly discourage it because it will just tie them down for the next 20 years. Imagine having one partner to work full time and have their entire salary to pay for the housing loan. Not only that will cause huge financial burden, they will lose out on available business opportunities because they will by default reject any offers as they need the salary to cover for their installments every month. Just for discussion, what if they buy a cheaper house? Or even rent their dream home. Then use their remaining quota to invest in properties that can generate rental incomes. In 15 years time, the results would be very different. Again, there's no right or wrong. Just preference in lifestyle and risk appetite=)
In this episode, we will address a question regarding the intention of a new unit, whether to move in or to rent it out. In an ideal situation, we would want to invest in a property where the rental rate is close or more than the monthly installment. Hence it's important to do all the necessary homework prior to the purchase. In the context of the question, the couple should move in to the unit they bought and rent out the two smaller bedroom until they are confident to take up the entire unit due to the financial constraints.
In this episode, we will answer a question regarding relocation back to the city after finding it inconvenient staying in the suburbs. The challenge here is to sell her property at a price including the initial renovation. Unfortunately, renovation cost are not commonly recognised by banks and they cannot be added into the value of the house entirely. Also, the probability of finding a buyer that likes your renovation, and willing to buy your house at a price higher than your neighbours is really slim. Hence, I would recommend to temporarily rent a bare unit in KL. A location that is convenient for the entire family. Then move the furniture over here, and furnish the existing home with some affordable ones. After that, rent out the terrace house at fully furnished condition. This case highlighted several cultural belief of Malaysians towards property: - Nasi lemak property- Individual terrace house - Tenants that rent houses are second grade citizens - Anyone who don't own a house before 30 are losers Those discussions will be done in another episode=)
In this episode, we will address a question from NYC regarding what to do with his capital when he's coming back to Malaysia. Basically, the strategies for investment are different between having capital and without it. Capital allows you to invest in popular established areas with stable rental with less risk. It also allows you to get subsale properties with existing rental data and price appreciation charts. Then if you're planning to leverage on properties with higher potential for capital appreciation, always follow the direction of developments. For eg TRX is one city backed up by the government. I would also suggest to follow the developments of infrastructures such as highways, LRT, MRT and etc. However, sometimes these will be exposed to the risk of political change.
In this episode, I've explained why an audience shouldn't buy a property before even exploring the real world of working.
I've suggested him to first get a job while figuring out what are his passion, then to get off from the parent's expenses as soon as possible, get 6 months of emergency fund established before thinking about buying a property.
The property he was intending to get requires RM 3300 per month for the next 35 years and the only reason to get it was because of a promotion of 18 months installment free. What about the remaining 33.5 years? The installment amount already exceeds the median income for a fresh graduate. Plus, students have no clue on how much does it take to be entitled for a loan of RM 700k. And parents are just too kind to their kids. So I really hope this reply will help=)
A great moment in property market for Malaysia when our Prime Minister announced goodies this evening in terms of RPGT, LTV of third property and Home ownership campaign. This is a moment I wish to document because in the midst of confusion and havoc caused by Covid-19, I choose to be BOLD. But for those who is trying to make a decision, this is great time but please make informed decisions and take calculated risk=)
Houz key seems to be the next big thing that everyone is talking about currently. Especially when there are just so many benefit in terms of cashflow, exemption of down payment, construction interest and etc, but who really just sit down and compare both?
EasyhomeFB page: https://www.facebook.com/teameasyhome
Lawyer friends' email: matthewlee@lgtwlaw.com
In this episode, I briefly explained if I were to have my own place *soon, how I would renovate it. Without even flinching, I will get my team from easyhome to assist with my place as I don't want to spend too much time thinking and planning about it. The reason why renovation can be painful is not everyone goes through it often. You only do your home like once or twice, just like marriage and the inexperience and need to splurge are real. I think what's helpful is to first have a very clear budget outline, then itemize every scope of work agreed by the main contractor. Then for the ownership of Ruby's property, I suggested her to check with my friend, Matthew who is a great friend and lawyer.
In this episode, we will answer questions from Kit for his university assignment. *hahaha. Shop-offices were once known as shop houses, and the term changed after many people exploit using residential loans to buy these shops. The rental difference between ground floor and upper floors are caused by access. It's just easier to just walk into the shop on the ground floor in compared to the upper floor where you need to walk up the flight of stairs. And it's usually narrow, dark, and stuffy, hence the rental upstairs are always cheaper. It also depends on the tenant profile. Ground floor tenants are usually F&B businesses or store fronts because they need that direct access. On higher floors are usually office desk and appointment based type of businesses, for eg hair stylist, dentist, lawyer office, tuition centres and etc. In between corner and intermediate lots, the difference in rental is caused by the frontage (exposure), size of the unit, the opening sides of the facade and the location of the shop where it may affect the type of business to be operated.
This is a sharing I had with a bunch of college student via FB live. We discussed a lot of things which I hope will resonate with younger crowd on the choices that they have to make. Also, what I would do when I'm 23 again!
In this episode, we will address a question regarding a property that this audience couldn't sell despite putting in effort. First of all, what's the asking price and latest transacted price? What you can find on property portals are asking prices, and those are not necessarily the actual transacted price. I suggested to check out brickz.my for the latest transacted price for their particular property. Next would be to reduce down time by renting out the unit. Since it's passed down by her mom, all rental will be positive cashflow for the siblings. For her own house, I've suggested her to check out The Makeover Guys for our latest launch of Simplicity. It's a new line to address affordability.
In this episode, we will check out a question from a young engineering student. He wish to take over his father's development business and how should he go about it? In Malaysia property development companies, CEO are mainly candidates with engineering degrees. Hence, he is in the right path. But in his free time, he should check out more properties just to gain experience and market insights. After his graduation, I suggested to attach himself to a public listed to get exposure and experience of the entire process of development. From sourcing of land, engagement of consultants, conducting tender processes, marketing, branding and etc. There's just so much to learn in this career but developer are more of 'generalist', instead of a 'specialist' which contradicts with his education. After the education, he needs to focus on people management skills, financial knowledge and sales.
In this episode, we will address a question from a young lady regarding her being stuck in a situation. She bought a landed terrace house she regretted after listening to her relatives and now she is asking how she can move forward. She also shared her insight after living in an individual landed terrace home which was worst than she ever imagined. She just can't wait to move out into her initial decision, a soho unit for both her career and ownstay. Exciting stuff!!
In this episode, Jenas asked whether can the developer not build a certain wall in the house she bought since she wants to tear down the wall later. It saves time and money for both parties. The answer is NO. The developer cannot do that before handing over the unit to her because they are legally tied to the building plans that they submitted. And in the agreed SPA, the floor plans are exactly the same as the approved building plans drawings. Hence, it means it would be a breach of contact if the developer build one wall less. Also, developers would not want to have customization to every single unit. Just imagine 300 different unit owners customizing their floor plans during construction... that will cause a lot of confusion and communication work between the developer and the main contractors.
In this episode, we will address a question regarding the type of property suitable for retirement. The audience wish to retire in Malaysia and he was wondering how can he look for the property that he likes, and which type of property would suit a retirement lifestyle. Well, my response would be to filter and shortlist the choices via property portals before I am able to advice which apartment is suitable. Also, retirement lifestyle differs in accordance to individual. But I'll recommend to stay in a strata development for the peace of mind.
In this episode, I've shared about the 3 main consideration while trying to furnish your own property. Time, design sense, and budget will be the 3 main considerations while deciding between getting an ID designer, contractor or doing-it-yourself. If budget is not a problem and you like customization for your own space, then get an ID designer to service you and provide you with their professional advise. For wet works (works that involves cement or pipings), it's good to get a contractor to help you. But in this relationship, you'll need to be dominant and verbal in your design inputs. Last of all would be to DIY. Most often the time, people do not take into consideration for the time and efforts that they need to put in themselves. Weekends, day-offs, lunch times between work will be spent just to sort out deliveries or supervise certain works done at home.
In this episode, I've shared about the 3 main consideration while trying to furnish your own property. Time, design sense, and budget will be the 3 main considerations while deciding between getting an ID designer, contractor or doing-it-yourself. If budget is not a problem and you like customization for your own space, then get an ID designer to service you and provide you with their professional advise. For wet works (works that involves cement or pipings), it's good to get a contractor to help you. But in this relationship, you'll need to be dominant and verbal in your design inputs. Last of all would be to DIY. Most often the time, people do not take into consideration for the time and efforts that they need to put in themselves. Weekends, day-offs, lunch times between work will be spent just to sort out deliveries or supervise certain works done at home.
In this episode, we will address a question from Kota Kinabalu, Sabah. Based on data and experience, the investment strategy will be different in accordance to different locations. For eg: Properties in the Klang Valley generally will have a higher rental yield in comparison to those in other states just because the high population that leads to high demand for space. However, in states that are more tourism oriented such as Malacca, Penang, Kota Kinabalu and Johor, the game plan for properties revolves around Airbnb. But in the current covid situation, please stay away from those as they are badly affected by it. Hence I've explained the investment strategy that I would explore if I'm in Kota Kinabalu but I'll always welcome them to invest in KL=)
In this episode, we will address a question regarding selling property at a loss. This audience is facing some difficulties to sell the property, and now he is considering to sell below his buying price. My take is first to rent out his current unit, either the entire unit to a tenant, or to divide them and subletting out the room individually. Although that might require more work but the return will be higher. If capital is a problem, I would suggest to utilize the zero interest installments available on e-commerce websites to furnish up those rooms to attract tenants. Next would be to sort out the tenure of financing. I suspect that this audience might not maximize the tenure, hence he's facing some financial difficulty on making ends meet. If the intention is to get another unit for own stay, selling the property currently at a loss will not help the situation also.
In this episode, we will address a DM regarding dual key and what I think about it. For any development, there are 3 main factors that determines the form of the building. Land shape, plot ratio/density and the car park requirements are the main consideration and boundary to how a particular high rise is shaped and the number of units per floor layout. Dual key came about as a solution to address the problem for big units. They are difficult to sell, expensive, and often ended up as overhang products. So by dividing the unit into two in terms of function, not ownership, it added lots of possibility to the large units. Rentability also increase as the audience for your tenant also became more. Now instead of only large families, a dual key can be rented out to bachelors + medium family, one large family, own stay + rental, airbnb both and many more possibilities.
In the episode, we will address a question from a nurse who works off shore. Her question is whether can she get loan without having EPF statements and how to start hunting for house?
In accordance to the basic 4 steps, she is stuck at step 2, which is to check how much she can get for her financing. I suggested to directly reach out the bankers as they will directly advice her on the required documents.
Then to find out for landed house, my suggestion would be to search on property portals such as prop social, iproperty, property guru and etc. Key in her expected price, which is between RM 500k - RM 600k in her scenario. Alternatively would be to just go through all the property reviews to understand her needs before heading on site after MCO.
In this episode, we will address a question from Mr B regarding his purchase in Eco Sanctuary. He is delaying his signing process as he is wondering whether will there any further discount, also finding out whether the price of his property is 'fair'.
My explanation involves the fact that bigger development companies will never jeopardize or cannibalize their previous phases. Which means they will never launch a price lower than their earlier projects. And also they will never launch at a loss. Every discounts made will be priced in the original SPA price already.
Then, in order to determine the 'fair' price. I suggested Mr B to research around the area for similar products and find out the 'median' price per square feet at that area. This will allow him to make an informed decision, even if it's slightly expensive it'll be okay as long as he's aware of the decision.
In this episode, I will address a request from Dr S. He was asking on which location should he consider for his future home when he is finally back from Malaysia. Based on the context he provides me, I've shortlisted two approach for him to look for properties that might suit him using the 4 basic steps. Hopefully this process would be a guidance for home buyers.
In this episode, we will address a question regarding the process of getting approval for grill door design. In a strata management, there will always be control on certain things such as the facade, common areas regulation, and door grill design. This is to keep an uniform appearance to the entire development. Hence, during the handover of the unit to buyers, the management will provide a handbook and the guide to design templates for grill doors will be stated in there. Next would be the mindset of Malaysian getting used to strata living. I do understand the struggle of going through all these processes just to improve the condition of the very property I pay money. However, it's also involves every other residents. Hence, yes we must always get approval for everything we do to our unit. Whether it be internal or external because I would want my neighbours to do anything dangerous that would put my unit at risk.
I'm very proud to announce that I documented more than 100 different properties in Malaysia, and these are my findings are completing the process.
In this episode, we will help an audience to evaluate whether should he get this particular property or not.
Step 1: How to determine whether is this property's price reasonable? Open google map and search for that particular project, then research the buildings surrounding the project. Use property portals to find out the selling price versus rental to calculate the rental returns.
Step 2: Check out area review to find out more insights about the location of interest
Step 3: Check the amount of capital required including post purchase to determine is the project within the budget
Step 4: Find out from the bank whether to purchase under the company or individual, while conducting all the research
This is one of the most frequent asked question during this period. But before we proceed, let's break down the behaviour of real estate as an asset.
Real estate is a perfect investment to hedge against inflation. It's one of the best tool to preserve the value of money in comparison to keeping money in cash form. However, many youngster are expecting to have quick money buy investing in property. In the current state of oversupply, I doubt that strategy would work. Instead, focus on rental strategies. Look for properties with multiple target audience consisting student accommodations, airbnb, offices, long terms and etc. If you insist on investing for capital appreciation, do look into land, industrial and commercial properties that are more capital intensive.
It's now the perfect time to SHOP, not buy. Property experts are sharing a lot on social media for free, so do take this opportunity to be familiar with all the terminologies. Also, find out how much loan you are entitled to apply. Since we are stuck at home, do browse through the property review part of this channel to find out what you should ask when you speak with an agent or salesperson. All I'm saying is to prepare yourself now and do as much research as possible now, since information is FREE. And the window to invest would be around end of the year or early next year.
In this episode, we will address a question regarding AKPK and whether to get a new property or subsales?
AKPK is a financial agency governed by Bank Negara to provide guidance and assistance to people who are facing debt issues, mostly personal loans and credit card debts. This audience got enrolled due to the financial needs for a medical emergency and now he's almost back on track. My advice will be to settle the AKPK outstanding balance first as that will restrict the application for housing loan later.
Then his needs and savings will determine whether will he get a new property or subsale as his new home=)
In this episode, we will address a question regarding hot spots for investment. Would it be better to invest in the CBD areas? or Suburbs?
Before covid, I would suggest to follow the development of infrastructure. Follow the highway constructions, the MRT and LRT tracks, the initiatives from the government and etc. Because the performance of real estate is highly dependent on population, convenience, and job opportunities.
However, my answer kinda changed after this covid incident. The behaviour of tenants might shift to prioritize safety. Plus the working from home experience might escalate companies to adopt flexi-working patterns in their workplace, resulting in workers to start working from their home. This means there won't be as high of a demand to be located within the CBD anymore.
Hence, people will go for areas with lower rental rates. Tier 2 &3 locations will then pick up as people will start to move away from the city. In this moment, community oriented areas will then be attractive for tenants.
In this episode, we will address a question regarding developer not signing the SPA.
This audience has placed booking, got his loan and signed his part of the SPA. But the developer has held on to those documents for almost a year, refusing the sign the documents.
This may be due to a few reason, as mentioned the developer might want to buy more time for the delivery of the property. Stratafied buildings will require 36 months, and start date is in accordance to the SPA.
Another reason might be complications regarding the land. As Malaysia has changed 3 government within a short period of 3 years, a lot of arrangements between developers and the land office/government authorities will be messed up.
There are many requirements to fulfill when a land is to developed. It can be fulfilling low cost housing requirements, ISF (infrastructure fund), HDA account setup, bumi quota, fire safety requirement and many more. Then when there is a change in government, these arrangements and agreements are often re-visited, which delays the entire development process again. Hence, the property market is heavily dependent on political stability of the country.
In this episode, we are so lucky to have a story from JK, a very young investor that attended property courses. He started his investment journey very early and he shared 2 properties with a few of his course mates. However, things didn't turn out as well as predicted and what I would do if I'm in his shoes? Speaking from experience, my take is to be patient. As JK said, what's done has been done. Just have the patience to go through these few years until the property increase in rental returns and capital appreciation since he is still very very young. Another thing to highlight would be my choice on being a responsible capitalist. Every time these gurus sell their theory on rental being higher than installments, they will promote their students to invest in low cost flats. It's a matter of principle and I just refuse to take that path irregardless the high rental returns. However, I truly appreciate this letter where he shared his journey of attending property investment classes. Thank you so much for sharing.
In this episode, we will address questions regarding Defect Liability Period and what to do with the cracks in the house.
Stated in the SPA, the defect liability is either 24 to 36 months. And it's also on the premise that nothing was done to the structural elements of the house. This means if renovation was done that changed the structural system of the property, the warranty is automatically void.
Then for the cracks in the house, the cause can be major and minor. Water movement that cause earth settlement, causing the foundation of the structure to move, leading to crack at joints between columns and beams. Then the minor reason could just be the wrong ratio of water during the mixing of plaster before applying to the brick wall.
I would recommend to get a contractor to check on them to find out the root cause. Whether the developer will choose to rectify the work or not, the fact is they are not obligated to. But they might do it just for the sake of the reputation of their brand. So no harm trying to contact them.
This video comes from a part of me that is very concerned with all the emails regarding youth not being able to make ends meet, or even struggling to live just because they invested in a property that turned sour.
There are several trick that people use to deceive the system in getting the approval for their bank loan. However, it's only because your signature on the SPA document is what matters the most. The property agent, developer, banker, financial institution, property guru and etc all will get their cut after you sign on the papers.
These youth are sold with the dream that they are on their way to make a fortune. Instagram profiles are instantly updated to include 'property investor' that sounds super cool. Unfortunately these last till the day they receive the keys to their reality. When the investment is not up to their expectation, they are now blaming the banks, agents, property speakers and etc for their losses. And today I'm trying to encourage the rest of us to learn from this.
The aim of this channel is to encourage people to take calculated risk, and to make informed decisions. So, please share this to your relative and friends who needs to hear this.
In this episode, I have explained the improvement we are doing in the construction process.
In order to increase efficiency and accuracy, most of our main contractor are adopting system form works during the casting process for structural members in a high rise project. And this is the main reason why we cannot hack walls in an apartment.
The entire structural system of a highrise is connected, and to remove one of two walls is extremely dangerous. As if we are playing Jenga. Hence, there is a process of getting management's approval for any renovation work because it involves the safety of the building. Thus, it's more practical to look for a layout that you actually like instead of getting an apartment and hack walls inside them.
In this episode, we will address a question regarding the strategy for an investment Elias made.
Based on given context, this audience is doing extremely well just that some information on local insights are required. Arte Mont Kiara is located right behind Publika, and that location is popular among the expatriates. As the audience told me that personal freedom and time is the priority, I would suggest to rent out the unit for long term stay in this current moment.
The reason is because Airbnb requires a lot of work and coordination for works to be done in the unit. Of course Airbnb can make higher return in comparison with long term rental but it also means a lot more work. Another reason would be the building management committee. Whether can the building allow operations of Airbnb is totally in the hands of the committee, with the current health situation we're facing, I doubt they will allow it. Anyway, it's so good to hear from such a successful property investor to share my passion with =)
After answering questions for 2 weeks straight, there has been a question in my head. Would you prefer to have CASH BACK on your property purchase? Or would you prefer a CASH FLOW positive property? As projects are including all these promotions, perks, packages, campaigns, whatever you want to call it. Those things are inflating the property price to go sky high and the focus of developer is just to close deals. The more I can sell the better. And during the recent years, ease of ownership has been the focus. All promotions are addressing the lack of cash among youths to be used as down payments. Hence, new property often face a problem of having subsale market value way below their SPA price, and the rental are way lower than their monthly installments. On the other hand, if we go conventional by paying upfront on the 10%. This leads us to less loan amount from the bank where there's a higher chance of getting cashflow positive. In other words, the rental is higher than our monthly installments. Which one would you prefer??
In today's episode, we will address a common mistake that many first time buyers make. The mathematical calculation tells us that after we pay up the 30 years loan for a house, it will cost more than double with the interest. Then why should I take loan as it's more expensive? The first concept we need to understand is LEVERAGE. The concept is to use the least cash to get a property, and then leverage on time as the property will increase in price. Then when you decide to cash out and sell the property, the difference shall be your return on investment. Real estate is one of the only asset that bank will lend you 90-95% to buy, and this is an opportunity to do so. Using RM3 to make RM100 is more sensible than to make RM 100 using RM 100 or more. The next concept is WIN-WIN. Why should we be concerned about banks making money when we are also making? They need property investors like us, and we need them to invest. Last concept is TIME VALUE OF MONEY. The same RM 100 today in 2020 will have a different value in year 2030. So even if you work super hard to save up enough money, the value depreciates further. That also explains why property prices go up year by year=)
In this episode, we will address a question regarding decision making. This audience really want to invest this property in Johor Bahru, however the entire market and his friends told him not to.
My take is to judge and evaluate the property based on your standard and risk appetite, instead of worrying what others think. If your theory is right, you can prove it to their face. If your theory is wrong, take the loss and learn from it. Hence, it's always advisable to make decisions based on the homework you've done. And to be responsible and accountable for the decision made!!
In this episode, we will address a question by Jeff regarding his consideration to purchase a property. Given the context of the property will be shared with his GF, and he will get financial assistance from his family to fork out the down payment for the property.
My take is a strong NO. Simply not being able to pay the 3% booking fee already indicates that you cannot afford the property. Then many may not tell you this, the property which is around RM 760k will need incur a monthly installment of RM 3600. It directly means one party of the couple will be working full time for a month just to serve the installment for a house.
It's simply madness to put such enormous pressure on the relationship. It will be such a lockdown to your freedom as both couple are only 24 years of age. There's so much more to explore from a career and life standpoint.
The question is WHY? Why would you put yourself in such crazy risk? Is it merely to impress your friends? My suggestion would be to drop the deal, instead look for something within the price range of RM 300k as an investment property. And work hard to increase your active income.
In this episode, I've addressed concerns from my email regarding what will happen to the property market after covid?
Let's look at the facts, interest rates are lower than ever. And the demand for housing will always be there, in fact the rental demand might go up as most of will postpone our decision to purchase a property. Supplies of new properties are also declining, which means supplies are going down as the demand remains. So I would say that the property price is either gonna be stagnant or going upwards. But I'm pretty sure it will go upwards just based on the data that I'm studying.
For any further question regarding real estate, do email me at taniherng@gmail.com and I'll answer as many questions as possible=)
In this episode, we will answer an email from Robin regarding defect check before getting vacant possession for his unit. The first response is NO.
It would not be possible for developers to entertain all request to check for defects first before they proceed with the other furnishings. It would just be do too much coordination and administration work. The only time you can see and check the unit is when the developer wants you to.
Another variable would be the agreement between you and the developer on the furnishing packages that you have purchased. Some may start work on the fully furnished elements after you take the keys and hand it back to the customers, then wait another 3-6 months. Some will straight away handover a fully furnished unit to the purchaser. Thus, it differs from one agreement to another.
For more questions regarding property, kindly email me at taniherng@gmail.com and I will try to answer as many as possible=)
In this episode, we will address a question from YK regarding his concerns about the pandemic affecting property handovers. And will the HDA protect consumers?
My answer is YES. It will definitely affect construction progress from several perspectives. It will affect the availability of materials, especially those that we import from China and this has been happening since last year. Next it will affect the workforce and human capital. Since no work can be executed at site, these workers will not have any wages as most of them are paid daily. Their so called boss will also not have any cash to pay them. This greatly affects sub-cons such as plumbers, tile layers, gardeners and etc. Most of them would not have the financial capability to weather this pandemic storm. For project which still have around 2-3 years before handover , I think the developer will still have time to catch up. But for those that are about to handover this year, definitely there will be a delay. I would expect a 1 month appeal by the developer to buyers since no work can be carried out, where I think it's totally logical. My greatest concern is the pandemic become a convenient excuse to appeal for an extension.
In this episode, we will discuss about whether Eugene should invest his 2nd property in Johor Bahru along with his girlfriend.
My suggestion would be not at the moment. The data suggests that apartment in Johor Bahru are just oversupply, which affects the return on investment as tenants has the upper hand in negotiation. Unless the surrounding rental rates suggest otherwise.
If you're having lots of cash, and to get an apartment is a way of diversification, that makes sense. But the fact that he intents to share with the GF somewhat suggests that they need to join name to be entitled for the loan. Sharing a property with either girlfriend or boyfriend is just to risky as it involves too much emotions. Hence I strongly discourage.
In this episode, we answered a question from Dunstan regarding his struggling in selling his house in Kuching.
A few suggestions I made would be to first determine what is the motivation of selling? Is it from a financial perspective? This will influence most of the decision.
Second, then to have a better commission for agents or to engage more of them.
Last would be to stage the property. A fresh coat of paint would make a lot of difference.
Link for consultation for your Makeover: https://www.themakeover.my/cost-estimate
In this episode, we answer a question from Mugan regarding his consideration of purchasing The Birch located in Jalan Ipoh. My suggestions to him would be to go through the 4 basic steps that I share a lot in this channel.
Also, I've suggested to him to wait a little while more before committing to this because things will kinda get ugly after RMO is lifted. Many may lose their job, financial situation might turn sour and etc. The uncertainties are quite high so just wait for a little bit.
Today we will be addressing a question by Wan today regarding bumi lots. This has been one of those super confusing, non-definitive topics as it varies from state to state. Hence, I tried my best to answer and provide some context for this topic. For those who has some question regarding real estate, do email me at taniherng@gmail.com and I'll try to answer as many as possible.
In this period, it's zero viewing and appointments for a month. And the following months would be challenging as well. Therefore, for those who can sustain this period, I would strongly recommend to build up your own personal brand to fully leverage on this window opportunity. As the normal practise is to just sell, sell, and sell. Branding has always been perceived merely as 'cost' and it's never been the priorities of agents and agencies. "Why do when I can still sell?" But the thing is nobody likes to be sold. Hence, it's important to position yourself differently in the market. And the easiest way is to first provide value to your customers without anything in return. Be the location expert of the location that you're focusing on. Then to put out all these info online, if not you do not exist at all. Hence, I encourage you guys to leverage on this RMO period and start doing today!!
The Prime Minister has just announced another 14 days extension to the Movement Restriction period. Also, he mentioned about the Moratorium where all loan installments of house will be pushed back for 6 months in order to help the situation. Many people would be affected by the lock down, some may be wiped up, lose their job, pay cut and etc. So today's question is basically divided into 2: 1. Would you want to opt out from the Moratorium? 2. Should you provide waiver of rental to your tenant since your installment is free? Let me know what you guys think and I definitely look forward to your responses=)
In this episode, we will discuss about few things:
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Should you settle your first housing loan before getting another one?
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Can you sell your house without a strata title?
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There is no right or wrong investment portfolio as it depends on what's your risk appetite and your investment strategy.
For any further question regarding real estate, kindly email me at taniherng@gmail.com
My team were rushing this new website out to help property investors. Do check it out: https://www.themakeover.my/duduk2020
Hope everyone is healthy during this movement restriction period and I'm here checking in. After being stuck in the house for 7 days now, I've realised a few things that I thought of sharing with you guys. The first thing would be the way we evaluate a property for own stay is different. After being stuck at home for so many days, I've realised how much we will cherish if there's a facility deck, landscape garden, and etc. The difference of living on a landed versus a highrise now is apparent. We will have a different approach towards a 500sqft unit in the CBD versus a 1600 sqft terrace house now . This situation highlights the difference between evaluating a building for ownstay compared to investment. Also I've discussed about risk appetite and how much money we should have as a safety nest egg. As many business owners are suffering right now, not everyone's employment are secured and if one of the couple loses their job, their property would be the first to go. Besides, the comparison between real estate and property, and my take on the matter are discussed in this episode. I just wish everyone the best in this extreme period. Take care=)
This is an interview I had with a friend of mine, Desmond Ong who is a speaker about business and internet marketing. In this podcast I've discussed about how I started the channel as well as some advice for young property investors. Enjoy!!
In this episode, we will address a question from Michelle regarding factors that affect capital appreciation for properties. I've clarified that it depends on infrastructure, accessibility, types of property as well as the maintenance where Malaysians have yet to adapt to. For any questions regarding real estate in Malaysia, do write to you at taniherng@gmail.com and I will come back to you as soon as possible.
Thank you very very much for all the support to allow this channel to achieve very cool goals. With the connection as the marketing manager for The Makeover Guys, the best that I can do to express my appreciation would be to give you guys an extra RM 500 discount for your home makeover if you use the code "SEANTANMAKEOVER". As many audiences come to the company via this channel, kindly share this code with our online personal or consultants and they will know what to do. Once again, thank you very much for all the attention and support for this channel and I will definitely strive to do more!!
In this episode, we will address a question from an audience regarding his wrong purchase of property. Now he is deciding whether to let out the unit and still pay the high different in installment or to just stay in the unit himself. This is a great example of buying property without clear intent and research. As many are often convinced by the story and 3D images produced by developers or salesperson, sometimes it just takes a trip to the site to clearly tell whether is it a good property or not. My suggestions were: 1. Furnish up the unit with the best ratio of cost vs return and rent it out to reduce the monthly burden 2. Stay in the unit and rent out the remaining rooms, while save on the current rental cost of the current house 3. Cut losses and sell the property, even with zero profits For more questions, kindly email me at taniherng@gmail.com and I will try to answer as many as I can.
In this episode, we will address questions from Mr E. He asked about how do seasoned investors find property deals. Mainly there are 2 strategies, 1 is to participate bulk purchase deals. Next is to hunt down deals and negotiate. Those are the main actions applied by seasoned property investors. For more questions, you guys can reach me at taniherng@gmail.com =)
In this episode, we discussed about the choice of loan facility based on the mode of income. Are you under employment of self-employed? Getting fixed rate will enjoy low interest rates but it's quite locked in for the period, but this suits people with standard 9-5 jobs where they can leverage on the security of their income. But if you're into business or agency work, that uncertain income then may become a concern and flexi and semi flexi loans can be useful as a loan facility, providing that support for their business. If you guys have any question, just email me at taniherng@gmail.com =)
In this episode, we'll discuss about a question posted by an audience regarding to decision whether to combine both budget of husband and wife to get one big home, or to get a smaller house and one investment property? As this might differ from individuals and lack of context, I elaborated on both scenarios based on several factors. If both are still young and they are striving hard for their career, I would suggest to go for 1 investment property where they can leverage on their government loans with amazing interest rates. This will be part of their diversification strategy for their future, also providing the flexibility just in case when they need capital, they can cash out the 2nd property. If that big house is part of the "need', then I suggest to just go with it. If you have extended family members living with you, or multiple generational family size would definitely require that size. What I'm concern would be to have a big house but you're not using it, but you got it just to look good in front of your friends and family. For any other question, kindly drop them to me at taniherng@gmail.com and I will try to answer as many as possible=)
As highlighted by the audience, there are just knowledge in abundance on how to buy property. But no one explains what happens when you sell that asset. Hence, I explained on how the bank settles the loan amount during transaction and how exactly we make profit from selling a property. Also, I've briefly explained the difference between buying a house and a car during the disposal stage.
In this episode, we will be answering a question from Janson via instagram. For his third question the outlook for the property market 2020, I've explained that it's important for us to know what will influence the market what's the role of the government. There are only several ways that the government controls the market. Interest rates, taxes, policies, and cooling measures. Our current market situation is the result of too many cooling measures being introduced with the fear of property bubble. However, looking at the current direction of the government, they are keen on promoting home ownership among new buyers. Also, most of the infrastructure works such as new highways will be completing this year. These are always keen drivers for the market. Lastly, it's really just based on how you look at the cup, is it half empty or half full. But I strongly suggest to be a realistic optimist where we invest only in properties within our affordability.
One of the major cost for property investment would be taxes. And to allow young investors to tabulate the risk accurately, I've list out 5 different taxes that we need to pay attention during our investment journey.
First would be RPGT (real property gain tax) where the tax is imposed on gains we get from the investment. This is one of the key measures that our government use to control the real estate market and the rates are revised almost every year. A tip is to declare RPGT yourself and you can deduct out fees such as legislative fees, agent fees, renovation cost and etc to save on tax. If you fail to make gains from your property investment, then you don't have to pay.
Next would be income tax where you are gauge and evaluated before the banks decide to provide you with the loan facility. I strongly encourage young investors to focus on increasing your income for year 2020. Some self employed business people may choose to avoid paying income tax, later finding that their income declaration becomes a hindrance for them to get financing for the bank. Another 'luxury problem would be when serial property investors sell too many properties too fast and the Inland Revenue Board impose the income tax tariff of 24% on their gain instead of the 5% RPGT.
Following would be the buzz word of 2019, stamp duty which is used in transfer instruments such as SPA (Sales & Purchase agreement), MOT (memorandum of transfer), loan agreement as etc. For property assessment and quit rent paid to local council and local state government separately must be considered if you're planning to hold the property for a longer duration of time.
In this episode, we would be answering a question from a Singaporean audience regarding her property hunting journey in Johor Bahru. In Malaysia, there are quite a handful of regulations surrounding foreigners buying property locally. I think most probably it's a good time to discuss about this in my next episode=)
I'm super proud as many audience took action and now they've became new landlords. But it's their first time so this would be a guide for new property owners. Hereby I share step by step things that property owners need to know such as finding out the best rate, whether to rent out yourself or you want to engage agents, then what to look out in the tenancy agreements. For any questions regarding real estate, do email me at taniherng@gmail.com
I've had the opportunity to conduct a class at INTI university and the truth was shocking. The level of ignorance youngsters have towards real estate just caught me by surprise. Also, the media is always talking about how bad is the current property market, houses are way beyond affordable of the people and etc... These just killed off most of their interest towards one of the greatest asset class a person could have. Therefore, for a young graduate... I would suggest to NOT invest into property just yet as flexibility should be their top priority. They will be exploring different career paths and lifestyle, trying to figure out their purpose. Most importantly, I would suggest to first have the ability to produce income streams prior to investing. Hope this piece would resonate with some of the youth who are listening=)
In the episode, we will address a question from Christopher. For any question, please email me, taniherng@gmail.com
He explained that he has done his research, saved up capital, and now he really wants to start this property investment journey. I suggested him to first define his objective of his investment, whether to go for capital appreciation or rental cashflow.
As he has cash, I also suggested him to go for sub-sale property to get more certainty in his investment, as well as to observe the direction of government towards promoting the property market.
Something that I truly love, the art of composing planes to form livable homes. However, it may be a foreign concept on what are the components that are within the consideration of architecture.
From macro to micro, town planning seems to be most neglected part of basic considerations. It's always taken for granted as well planned townships always perform better than individual pockets of land. They will need to integrate the usage of land with the circulation design, and balance that against density, whether calculated based on plot ratio, or units per acre.
Then we move into the entrance statement, carpark, floor layouts, unit layouts, common areas... but often enough buyers only focus on the facility deck and facade of the building. That's why marketing puts in a lot of effort in designing those areas but does it really matter to the performance of the property?
It's the season for the upcoming wedding marathons and I've noticed that most of my friends are buying a property so they can get married. Property has been my passion and interest but apparently it means eligibility for marriage. Well it does signifies maturity and ability to take care of the other half... but what about the debts? My concern is young peeps getting their dream home as their first property and most of the time, the top choice is a landed terrace. This results in one part of the relationship that works entirely for the monthly installment. What about the maintenance? Car? Utility? And living? So my take is to encourage young couples to be practical about the choice of property that's within their financial means. Don't be pushing yourselves too much just to have extra rooms that you don't need. And there's totally nothing wrong about renting a room as a couple. Just be glad that you guys found each other early=)
As the baby boomers and Gen X has truly experience the benefit of property investment, they are so cash rich now that they are doing in for their children as well. This results in unexpected outcomes where the children came to me complaining why their parents force them to lock down their income, on the other side creating ignorant and entitled teenagers.
Then as a child, what's your take on taking money from your parent's EPF account to invest in your 2nd or 3rd property? My concerns would be to invest using your parent's nest egg, which is the only last resort left that they built their entire life. And you're using that just because you 'think' that this project can increase in price. Hmm...
As always, let me know what you think by emailing to taniherng@gmail.com
As I've visited many new developments located away from the city, I came across the subject of would you prefer living in the suburbs versus city centre at the same price?
This will include factors beyond architectural preference where elements such as family planning, current stage in life, family influence, investment risk appetite and etc.
Once again, this is another discussion topic where it's dependent on personal preference and I can't wait to hear from the audience.
This is one of the most frequent asked question when at the same price, do I pick a 3 bedroom unit at level 7 or a 2 bedroom unit at level 34? Here I will share my thought process of selection as there's no definite right or wrong answer for this. Enjoy=)
Introduction of Host, Sean Tan who is extremely passionate about real estate especially in the context of Malaysia.