Monday, June 17, 2013

House Number 83 - Part 3

Completed....


12 comments:

ms fooley said...

Hye sin leong...can snap more photo ..im also currently renovating subsale property for investment.your blog really inspiring knowing there are young people like us interested in properties

rohaniah noor said...

congratss!

Investor said...

Hi Sin Leong. Passed by your house it actually looked better than pics. Can you post some of the internal pics. Appreciate. Thks

Unknown said...

How much the renovation cost you and how long do you plan to hold on to the property? Do you plan to rent it out for the time being or you would use it for your own stay? I also bought a basic house in SS 17, Subang Jaya in anticipation of the LRT line that will change the profile of the area.

ravianestate said...

How old is the property

fabulousfemme said...

Hi,

I stay in usj. Unfortunately the price here is so high now it is hard to replicate your idea in usj.

I do plan to reno and flip since I am experienced in this industry. The problem is I don't know how to avoid paying RPGT and bank penalty, assuming I sell the house 6 months after.

What would you advice? Thanks in advance.

- Lim

sinleong said...

landed properties are for long term investment. why would you want to flip under 5 years and pay RPGT? if you do, make sure the margin is sufficient to make it worthwhile

MTD said...

Brilliant bro, congrats. Out of curiosity, is this unit rented out currently and what is the rate? With your purchase price of 350k+100k for renovation, I struggle to understand how you can make a decent (in fact a +tive) rental yield in this part of town?

sinleong said...

that's why i had to rent out room by room and i put a bathroom into every room for slightly higher rental.

MTD said...

Interesting, targeting young professionals?

sinleong said...

yes, that's right...

MTD said...

Thanks for sharing!