Shows
IHERNG PODCASTASKING SEAN #125 | RESEARCH BEFORE, NOT AFTERIn 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 audi...
2021-03-2209 minIHERNG PODCASTASKING SEAN #124 | TO RETIRE WITH CASH OR PROPERTY?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...
2021-03-1713 minIHERNG PODCASTASKING SEAN #123 | CAN I BUY MALAYSIA PROPERTY FROM UK?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!!
2021-03-1507 minIHERNG PODCASTASKING SEAN #122 | INVEST TIME AND ENERGY WHEN YOU'RE 22In 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.
2021-03-0908 minIHERNG PODCASTASKING SEAN #121 | TO KEEP MONEY IN EPF? OR TO INVEST IN PROPERTY?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 mont...
2021-02-2608 minIHERNG PODCASTASKING SEAN #120 | FUTURE WIFE INSISTS ON BUYING FIRST PROPERTY TOGETHERIn 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.
2021-02-2009 minIHERNG PODCASTASKING SEAN #119 | GETTING A BIGGER HOUSE FOR THE FAMILYIn 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.
2021-02-1710 minIHERNG PODCASTASKING SEAN #118 | CASHFLOW VS CAPITAL APPRECIATIONIn 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!!
2021-02-1014 minIHERNG PODCASTASKING SEAN #117 | RM 100K TO RENOVATE OR TO INVEST?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 =)
2021-02-0509 minIHERNG PODCASTASKING SEAN #116 | WAYS TO INCREASE RENTALIn 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.
2021-02-0210 minIHERNG PODCASTASKING SEAN #115 | FACTORS AFFECTING PROPERTY PRICEIn 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...
2021-01-2206 minIHERNG PODCASTASKING SEAN #114 | INCOME TAX AND REFINANCING STRATEGIESMs 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...
2021-01-2014 minIHERNG PODCASTASKING SEAN #113 | SHOULD I BUY PROJECT WITH AFFORDABLE COMPONENT?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??
2021-01-1408 minIHERNG PODCASTASKING SEAN #112 | ILLEGAL RENOVATION WORKSIn 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?
2021-01-1312 minIHERNG PODCASTASKING SEAN #111 | BECAUSE DEVELOPER DIDN'T TELL MEIn 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!
2021-01-1213 minIHERNG PODCASTASKING SEAN #110 | SHOULD I CANCEL MY SPA DURING CONSTRUCTION?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?
2021-01-0909 minIHERNG PODCASTASKING SEAN #109 | WASTED QUOTA FOR 90% LOAN MARGINCurrently, 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??
2021-01-0310 minIHERNG PODCASTASKING SEAN #108 | WHAT IS A HOTEL SUITE?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=)
2020-12-2811 minIHERNG PODCASTASKING SEAN #107 | BUYING A FACTORYIn 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.
2020-12-2408 minIHERNG PODCASTASKING SEAN #106 | ADVICE TO YOUNG REAL ESTATE GRADUATEIn 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.
2020-12-1712 minIHERNG PODCASTASKING SEAN #105 | SHOULD I BUY RESIDENSI WILAYAH?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.
2020-12-1411 minIHERNG PODCASTASKING SEAN #104 | IS THE FLIPPING GAME STILL VALID?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:
1. It's not the flipping game for property now.
2. Intention of buying the property also applies to the furnishing stra...
2020-11-3013 minIHERNG PODCASTASKING SEAN #103 | COMMON REASONS OF LOAN REJECTIONSIn 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.
2020-11-2509 minIHERNG PODCASTASKING SEAN #102 | AGENT SHARING HIS COMMISSION WITH YOUIn 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=)
2020-11-2210 minIHERNG PODCASTASKING SEAN #101 | CANNOT SLEEP AFTER BOOKING A PROPERTYIn 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.
2020-11-1908 minIHERNG PODCASTASKING SEAN #100 | OVER ANALYZINGIn 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...
2020-11-1311 minIHERNG PODCASTASKING SEAN #099 | IS IT A GOOD TIME FOR ME TO BUY PROPERTY NOW?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.
2020-11-1107 minIHERNG PODCASTASKING SEAN #098 | ADVERTISED FREEHOLD, BUT TURN OUT TO BE LEASEHOLDIn 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?
2020-11-0211 minIHERNG PODCASTASKING SEAN #097 | IS IT A GOOD IDEA TO RUN A SUBLET BUSINESS AS A STUDENT?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=)
2020-10-2812 minIHERNG PODCASTASKING SEAN #096 | SHOULD WE UPGRADE TO A CORNER LOT TERRACE HOUSE?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?
The...
2020-10-2409 minIHERNG PODCASTASKING SEAN #095 | MY 3 ON 3 FOR TROPIKA BUKIT JALILIn 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.
2020-10-2210 minIHERNG PODCASTASKING SEAN #094 | IDEAL FOR OWNSTAY FIRST INVESTMENT LATER?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.
2020-10-1508 minIHERNG PODCASTASKING SEAN #093 | WOULD YOU INVEST IN SINGAPORE OR KL?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 per...
2020-10-1406 minIHERNG PODCASTASKING SEAN #092 | I WANT TO GIVE HER THE PROPERTY AFTER MARRIAGEFor 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.
2020-10-0805 minIHERNG PODCASTASKING SEAN #091 | NOT SURE WHAT TO DO WITH MY LEASEHOLD HOUSEIn 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.
2020-10-0209 minIHERNG PODCASTASKING SEAN #090 | DIFFERENT MINDSET IN INVESTMENTIn this episode, we would address several questions from this audience:
1. 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?
2. Is it okay to buy a property with 4 siblings name together?
2020-09-2912 minIHERNG PODCASTASKING SEAN #089 | WILL PROPERTY PRICE DROP AFTER MORATORIUM ENDS?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.
2020-09-2209 minIHERNG PODCASTASKING SEAN #088 | THEY BROKE UP, BUT SHE REFUSE TO PAYIn 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 li...
2020-09-2008 minIHERNG PODCASTASKING SEAN #087 | BUYER OR OWNER TO SEEK CONSENT FROM STATE GOVERNMENT?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:
1. What kinda property is this? Land or house?
2. Is it bumi status or malay reserved?
3. 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...
2020-09-0807 minIHERNG PODCASTASKING SEAN #086 | DIFFERENCE BETWEEN HIGH FLOOR AND LOW FLOOR APARTMENTIn 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?
2020-09-0407 minIHERNG PODCASTASKING SEAN #085 | STUDENT ACCOMMODATION INVESTMENTIn 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 .
2020-09-0106 minIHERNG PODCASTASKING SEAN #084 | CANCELLATION OF SPAIn 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.
2020-08-2710 minIHERNG PODCASTASKING SEAN #083 | WHICH PROPERTY TO START MY MARRIAGEIn 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 pus...
2020-08-2509 minIHERNG PODCASTASKING SEAN #082 | TO RETIRE IN LANDED OR HIGHRISE?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=)
2020-08-2109 minIHERNG PODCASTASKING SEAN #081 | CANNOT GET VALUATION FROM BANKIn 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.
2020-08-1911 minIHERNG PODCASTASKING SEAN #080 | MALAYSIAN WORKING IN HONG KONGMortgage 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.
2020-08-1807 minIHERNG PODCASTASKING SEAN #079 | ASKING THE WRONG QUESTIONIn 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?
2020-08-1110 minIHERNG PODCASTASKING SEAN #078 | TO SELL OR NOT TO SELLIn 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.
2020-08-0309 minIHERNG PODCASTASKING SEAN #077 | NEW FREEHOLD BUT SMALLER OR OLD LEASEHOLD BUT BIGGER?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.
2020-07-2607 minIHERNG PODCASTASKING SEAN #076 | HOW TO IDENTIFY INVESTMENT PROPERTIES?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.
2020-07-2417 minIHERNG PODCASTASKING SEAN #075 | MUST HAVE STRATA TITLE?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.
2020-07-2207 minIHERNG PODCASTASKING SEAN #074 | CONSTRUCTION NEED TO PAY INTEREST?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.
2020-07-2005 minIHERNG PODCASTASKING SEAN #073 | IF NOT PROPERTY, THEN WHAT?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...
2020-07-1511 minIHERNG PODCASTASKING SEAN #072 | LxNSI DEVELOPER?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 al...
2020-07-1309 minIHERNG PODCASTASKING SEAN #071 | TENANT PROFILE = RENTAL STRATEGYIn 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!!
2020-07-0907 minIHERNG PODCASTASKING SEAN #070 | WRONG DRAWING IN SPA?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!!
2020-07-0707 minIHERNG PODCASTSEAN'S 4 BASICS | A GUIDE FOR PROPERTY NEWBIESFor 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
2020-07-0405 minIHERNG PODCASTWEEKDAY-WEEKEND TEST | GUIDE TO OWN-STAY PROPERTYI'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...
2020-07-0110 minIHERNG PODCASTASKING SEAN #069 | HOW SHOULD A SINGLE INDIVIDUAL INVEST?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.
2020-06-3011 minIHERNG PODCASTASKING SEAN #068 | OVERSPENDING ON DREAM HOMEIn 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...
2020-06-2911 minIHERNG PODCASTASKING SEAN #068 | MOVE IN THE NEW UNIT OR TO RENT IT OUT?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.
2020-06-2208 minIHERNG PODCASTASKING SEAN #067 | RENOVATION COST BURNT & MALAYSIAN CULTUREIn 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 th...
2020-06-1811 minIHERNG PODCASTASKING SEAN #066 | USING CAPITAL FOR CERTAINTYIn 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 wo...
2020-06-1507 minIHERNG PODCASTASKING SEAN #065 | FOMO SYNDROMEIn 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? Th...
2020-06-0812 minIHERNG PODCASTASKING SEAN #064 | HOUZ KEY VS MORTGAGE LOANHouz 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?
2020-06-0212 minIHERNG PODCASTASKING SEAN #063 | HOW WOULD I RENOVATE MY HOUSE?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...
2020-06-0108 minIHERNG PODCASTASKING SEAN #062 | RENTAL DIFFERENCE FOR SHOP OFFICESIn 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. Gr...
2020-05-3108 minIHERNG PODCASTASKING SEAN #060 | MY PROPERTY CANNOT SELLIn 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 sug...
2020-05-2109 minIHERNG PODCASTASKING SEAN #058 | CAREER IN PROPERTY DEVELOPMENTIn 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 pr...
2020-05-1208 minIHERNG PODCASTASKING SEAN #057 | REGRET BUYING A LANDED HOMEIn 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!!
2020-05-1209 minIHERNG PODCASTASKING SEAN #056 | WILL DEVELOPER ALLOW CUSTOMIZATION?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. Al...
2020-05-0505 minIHERNG PODCASTASKING SEAN #055 | LANDED OR HIGHRISE FOR RETIREMENT?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.
2020-05-0508 minIHERNG PODCASTASKING SEAN #054 | INTERIOR DESIGNER, CONTRACTOR OR DIYIn 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 a...
2020-05-0507 minIHERNG PODCASTASKING SEAN #054 | INTERIOR DESIGNER, CONTRACTOR OR DIYIn 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 a...
2020-05-0307 minIHERNG PODCASTASKING SEAN #053 | DIFFERENT LOCATION, DIFFERENT STRATEGYIn 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 ba...
2020-05-0311 minIHERNG PODCASTASKING SEAN #052 | SHOULD I SELL MY PROPERTY AT A LOSS?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 t...
2020-05-0209 minIHERNG PODCASTASKING SEAN #051 | WHAT DO I THINK OF DUAL-KEY?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...
2020-05-0208 minIHERNG PODCASTASKING SEAN #050 | CAN I GET LOAN WITHOUT EPF?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, ip...
2020-04-2905 minIHERNG PODCASTASKING SEAN #049 | WILL DEVELOPER REDUCE PRICE DURING 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.
Th...
2020-04-2910 minIHERNG PODCASTASKING SEAN #048 | CHOOSING A PLACE TO STAYIn 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.
2020-04-2905 minIHERNG PODCASTASKING SEAN #047 | GETTING APPROVAL FOR GRILL DESIGNIn 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 go...
2020-04-2604 minIHERNG PODCASTASKING SEAN #046 | GUIDE TO RESEARCH BEFORE INVESTINGIn 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 budg...
2020-04-2211 minIHERNG PODCASTASKING SEAN #045 | TO INVEST OR NOT TO INVEST DURING COVID?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, ai...
2020-04-2110 minIHERNG PODCASTASKING SEAN #044 | SHOULD I SETTLE MY AKPK FIRST?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 whe...
2020-04-2005 minIHERNG PODCASTASKING SEAN #043 | LOCATION HOT SPOTS FOR INVESTMENT?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 ado...
2020-04-1912 minIHERNG PODCASTASKING SEAN #042 | WHY THE DEVELOPER REFUSE TO SIGN THE SPA?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...
2020-04-1807 minIHERNG PODCASTASKING SEAN #041 | INVESTING IN PROPERTIES WITH FRIENDSIn 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 ve...
2020-04-1610 minIHERNG PODCASTASKING SEAN #040 | WILL DEVELOPER FIX MY PROPERTY AFTER DLP?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 mov...
2020-04-1508 minIHERNG PODCASTASKING SEAN #038 | WHICH WALL CAN I HACK IN AN APARTMENT?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 wo...
2020-04-1307 minIHERNG PODCASTASKING SEAN #037 | LONG TERM RENTAL OR AIRBNB?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 d...
2020-04-1306 minIHERNG PODCASTASKING SEAN #36 | INVESTMENT CONCEPTS FOR FIRST TIME HOME BUYERSIn 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 r...
2020-04-1106 minIHERNG PODCASTASKING SEAN #035 | MAKE INFORMED DECISIONSIn 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 ac...
2020-04-1107 minIHERNG PODCASTASKING SEAN #034 | IT'S JUST BEYOND YOUR AFFORDABILITYIn 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...
2020-04-0711 minIHERNG PODCASTASKING SEAN #033 | WHAT WILL HAPPEN TO PROPERTY AFTER MCO?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...
2020-04-0707 minIHERNG PODCASTASKING SEAN #031 | CAN I DO DEFECT CHECK BEFORE VACANT POSSESSION?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. Som...
2020-04-0605 minIHERNG PODCASTASKING SEAN #031 | WILL THE PANDEMIC AFFECT PROPERTY HANDOVERS?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 no...
2020-04-0308 minIHERNG PODCASTASKING SEAN #030 | SHOULD I BUY MY 2ND APARTMENT WITH MY GF?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 ne...
2020-04-0206 minIHERNG PODCASTASKING SEAN #029 | MY KUCHING HOUSE CANNOT SELL, WHAT CAN I DO?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.
2020-04-0108 minIHERNG PODCASTASKING SEAN #028 | IS THIS PROPERTY FOR ME?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 wai...
2020-03-3107 minIHERNG PODCASTThe start of realestateguy podcastIntroduction of Host, Sean Tan who is extremely passionate about real estate especially in the context of Malaysia.
2018-06-2808 min