Usually we will take out a bank loan to buy a house
Posted: Tue Jan 21, 2025 10:32 am
Some owners will ask the tenant to pay half. It all depends on the landlord. So our estimate for capital can be said to be approximately RM2,000 (2 months deposit) + RM500 (bill deposit) + RM1,000 (rental cost) = RM3,500 Maybe we can say that the cost to rent a house is approximately RM3,500 - RM4,000 and then every month you have to prepare RM1,000 for rent . We compare it to buying your own house.
Let's say we take out a house loan worth RM500,000. Here are some banks that lawyer phone number data can provide financial assistance that I have been able to reference. Let's assume we will take out a loan of RM500,000 for 30 years. The monthly payment we have to bear is RM2,556 – RM2,589 depending on the bank you choose. It is true that after the financing period ends, the house will become your property, but there is no guarantee that you will be able to make a profit through rental income if you buy the residential unit yourself.
I know there will be some who disagree with my explanation. However, what I want to highlight is just my point in terms of starting capital . When using the sublet method, the capital required is lower than if you were to buy the residential unit. The risk is also not too great. If after a period of time, you find that the unit is not providing the return you want, you can terminate the rental agreement with the landlord and find a new rental house in another location.
Let's say we take out a house loan worth RM500,000. Here are some banks that lawyer phone number data can provide financial assistance that I have been able to reference. Let's assume we will take out a loan of RM500,000 for 30 years. The monthly payment we have to bear is RM2,556 – RM2,589 depending on the bank you choose. It is true that after the financing period ends, the house will become your property, but there is no guarantee that you will be able to make a profit through rental income if you buy the residential unit yourself.
I know there will be some who disagree with my explanation. However, what I want to highlight is just my point in terms of starting capital . When using the sublet method, the capital required is lower than if you were to buy the residential unit. The risk is also not too great. If after a period of time, you find that the unit is not providing the return you want, you can terminate the rental agreement with the landlord and find a new rental house in another location.