Ideally yes, but not ideally there are many creative ways to cut taxes. Talk to your tax consultant.
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Property News
- Thread starter FHBH12
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Ideally yes, but not ideally there are many creative ways to cut taxes. Talk to your tax consultant.
Leveraging...same same like mortgage loan. Good time can make. Come downturn, si liao.
Last week some guy come tok also same thing. Say leveraging damn good. Sumore say he got 170 properties in his portfolio. Ask me to invest.
Very easy one. Pay interest low low. Rental collect high high. Pau chiak.
I ask him how much he is worth? He say $300m. I ask...why so rich still need to sell scheme ah? Sibeh greedy man.
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If I have a fraction of that I will likely close mountain liao and enjoy what I have.
Hmmm...Creative accounting is not my cup of tea.
Unless you are willing the bare the consequences, not worth doing. Some tax cannot run, just pay 70-80k and move on.
He try to hao lian, I act blur then asked...if he die, imagine how much inheritance tax his son has to pay?
If borrow from banks, ok. But borrow from others, kena O$P$ then die standing.
You have my respect. Running away from paying one's fair share of taxes is irresponsible capitalist.
Not only paying taxes, we must also be happily donating to charities.
It is that when we are successful, we are more than willing to contribute towards CSR for our society.
I am a firm believer in the more you give out, the more you gain back.
Going by your last line, if I guess right, you must be a firm beliver in Taoism
Yes but the bottom line is help those in need. Money is just a figure in the bank.
Sorry, but this tread is about property, so let's just talk about property and please stop those trying-to-be-one-up kopitiam squabbles between retired uncles.
I guess no one is really interested whether you were not too clever at 17 or still not too clever at 57.
Going back to the RM1.1k a month rental, and owner bought the condo for like RM300k in 2012, the ROI of 4.4% looks attractive. I would assume at this price point, perhaps no bank loan was taken. The other costs involved would be maintenance and maybe furniture/renovation.
But if a present condo costs say RM700k, rental is only a bit higher at say RM1.6k, and buyer takes loan, the ROI is much less. With the high Malaysian bank interest rate, it may be siong. Even if the condo is new, depending on rental to offset the mortgage is quite impossible.
So the only other hope is for capital appreciation. I'm not sure if condos in JB can have good C.A.
For those 10 year old condos in JB, say owner bought in 2006, is there significant CA till date?
Those who bought their condos in 2013 and after, I think need to wait a lot longer to gain something. For an area like Medini, think have to factor in a longer time frame. There is also forex risk.
Someone just shared with me there is a good chance Msia banks will increase their interest rate along the way. Not sure if true or rumours only. We might be seeing 5% soon?
But if a present condo costs say RM700k, rental is only a bit higher at say RM1.6k, and buyer takes loan, the ROI is much less. With the high Malaysian bank interest rate, it may be siong. Even if the condo is new, depending on rental to offset the mortgage is quite impossible.
So the only other hope is for capital appreciation. I'm not sure if condos in JB can have good C.A.
For those 10 year old condos in JB, say owner bought in 2006, is there significant CA till date?
Those who bought their condos in 2013 and after, I think need to wait a lot longer to gain something. For an area like Medini, think have to factor in a longer time frame. There is also forex risk.
Someone just shared with me there is a good chance Msia banks will increase their interest rate along the way. Not sure if true or rumours only. We might be seeing 5% soon?
If you worry so much, put your money in RM FD. I have also met man in SG has several millions and only one property, he also put in some FD with high interest, he said no worries, no maintenance fees, no headache.
If people not interested whether I clever at 17 or not, then why they post?
Don't come and talk cock here, if all these guys so noble, they won't be investing in property, property investment is the worst and most leech way to make money, totally unproductive and exploitive. That's another thing about this forum, all idiots like to roti prata and flip here and there and appear noble when things get hot, totally spineless to push a point through, prefer to flip here and there.
If all here so noble I don't want to hear anything about rental collection, yield and returns, just straight discuss about living and enjoying Johor, can?
Any next post about rents or returns would be labelled as capitalist. Myself of course excluded, because I don't talk about such crap like being noble or charity and go straight to the point. The rest can all shut up.
Tax reduction is different from tax evasion, why you all so high and mighty? If so noble, go and find other ways to make money, don't be landlords, landlords are scum and deserve no respect. Jeez all here really CMI.
And that is what I am doing. I have stopped investing in property and just enjoying what I have. Singapore, Melbourne is all maintenance, I am not acquiring any thing new anymore. Climate is not good now. I am trying to see if my boy wants to study in the US and seek opportunities there. In some states, a $200k upper middle class property is still possible. That's about SGD300k, not that much more than Malaysia.
I am a firm believer in not paying the rich and giving to the needy and not expecting anything in return. I do not give with the ulterior motive of receiving, or gaining back, I believe in real charity, it makes one a hypocrite to think the more they give, the more they receive, end up square one, give so that they can enrich themselves. Very sad, I hope you are not a Taoist.
Taoist or no Taoist is none if your buisness. It is between me and my god.
Keep your nose out of the thread between me and AUGS14.
Yes your religion is none of my business or concern, but can't escape the fact that people here give not because they want to but because they actually want to enrich themselves ultimately and yet also have people who support such notions.
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