Asked by Anonymous
I am considering to buy a terrace house (<RM300k) at Kampar area near UTAR for rental purpose. How much rental income can I expect? Is it easy to find tenants?
Regarding financing, I'm thinking of getting a bank loan of 90%.
My monthly income ~RM5.5k
Currently, I have a house in TUTA JB area, outstanding loan amount ~RM100k, market price ~RM300k, no longer in lock in period. Is it feasible to refinance this loan to pay for the 2nd house in Kampar?
I also have a car loan of RM50k, monthly paying RM700, motor loan of RM5k, monthly paying RM300.
Regarding financing, I'm thinking of getting a bank loan of 90%.
My monthly income ~RM5.5k
Currently, I have a house in TUTA JB area, outstanding loan amount ~RM100k, market price ~RM300k, no longer in lock in period. Is it feasible to refinance this loan to pay for the 2nd house in Kampar?
I also have a car loan of RM50k, monthly paying RM700, motor loan of RM5k, monthly paying RM300.
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