Author Archives: ongkl

Bad experience with a mortgage broker

Last year, we came to know a mortgage broker who helps property buyers to apply for mortgage loans from several banks. When we first met, we didn’t pay much attention about his side business in insurance. After a few months, things started to show that we have made a mistake. Our bad experience with this mortgage broker does not affect our view about the insurance itself. It taught us a lesson about working with people with different expertise and interests. We do believe there are people who can master and do well in more than one job. But we never believe one can do well in jobs that have conflict of interests.

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Why do you need to pay so much interest to bank?

In real estate investment, or maybe all other kinds of investment, what we emphasise most is the maximum return – how can we get the highest return from the minimum amount of money invested? Stay focused on the maximum return that you can get from real estate investment instead of the interest that you pay to bank. Interest is only part of your costs of investment. Just take all the costs into account before you calculate your return, and then choose the right strategy to go for maximum return.

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What is MRTA and do you really need it?

To most of the investors, taxes and insurance create a cash drain of money that can be invested elsewhere. People always want to know how they can pay the minimum, if not zero, for taxes and insurance. In our previous article, we discussed about the “Top six tax deductions for landlords” that may help real estate investors in a way to minimise their taxes. In this article, we will talk about an insurance specially designed for mortgage loan borrower – MRTA.

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Top six tax deductions for landlords

Rental real estate provides more tax benefits than almost any other investment. Often, these benefits make the difference between losing money and earning a profit on a rental property. But tax deductions are worthless if you don’t take advantage of them. Here are the top six tax deductions for owners of rental property.

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Auctioned Property List Monthly Update

Do you know that REIJB.com now updates all subscribers every month with the latest auctioned property listings from more than 10 banks? We have sent the first update with more than 80 auctioned properties in Johor to subscribers last week. We then followed up with a recommendation of auction unit at Sri Wangi apartment. We are going to start sending updates of auctioned properties for June by end of this week. Also, we will continue to recommend good auctioned properties to you if we have encountered any.

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