Wednesday 23 September 2015

Land for investment

As price of land increase rapidly in Malaysia therefore the price of house become so expensive.
A solution to that is to buy piece of land example 1 acre.You can divided to bungalow lot , 5000sf you manage to get 6 lot.

For booking need to pay 2% then 8% after 2-4 weeks.The remaining need to settle down within 3-4 months. You can nego to owner to extend to 6 months if the owner permit.

So how to buy the land if it is expensive and you don't have suffient fund?

1) pool money from relatives and friends.
2)get bank loan from agro bank cover 60-70% land value.
3) get creative - you sell bungalow lot in advance - get booking from buyer
    How? You can do simple proposal saying that you want to develop 5 pieces of bungalow
( you keep one lot for yourself)

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