Author Archives: ongkl
How to sell your property?
Once the determination has been made to sell your property the next consideration is how to go about it. Remember, the value of an investment property is in direct proportion to the income it is producing. You can try advertising your property yourself, but you may consider listing it exclusively with a knowledgeable investment property agent in order to obtain best results. He has the leads and contacts that you may never be able to locate on your own. If you want to sell it yourself, several things you need to know about the ad that you run on your property are discussed in this article.
Why you should not make a verbal offer?
Try not to make a verbal offer to a seller. Why? The proper way to negotiate a purchase is to prepare a formal written offer to purchase, spelling out all of the terms and conditions under which you want to acquire the property. Equally important is that the executed offer to purchase will be accompanied by an earnest money deposit cheque, preferably in the amount of two to five percent of the offering price. You cannot buy a new car without signing a contract and making a deposit, so do not expect to purchase a property without one.
When you should sell your property?
How do you decide when it’s time to sell your property? The average individual has an annual physical examination to check up on his physical condition. Your investment, like you, needs an annual check-up to ensure it is still functioning well and is healthy. There are four possible motivating factors, any of which will tell you it’s time to get out of you present real estate investment and into another.
Do you still want to invest in real estate through a company?
Some investors have been asking us about the tax benefits they may enjoy if they invest real estate through a company. Common understanding is that a company enjoys more deductibles than an individual in terms of tax benefits. Most investors understand also in Malaysia if you have 4 or more rental properties, then your rental income can be considered as a business income. What most people don’t know is that there are terms and conditions that restrict you to enjoy tax advantages on this “business income”, particularly the definition of an investment holding company. If you are just started to invest in real estate or you just owned a few properties, you better calculate carefully before you incorporate a company to invest in real estate.
Is the bear market returning?
Markets have been wobbly for at least the last week or so in any case. But the big blow to confidence yesterday was the Washington-based World Bank’s announcement that the economy was in an even worse state than it had thought as far back as three months ago. In March, the World Bank reckoned the global economy would shrink by 1.7% this year. Now, despite a three-month stock market rally, it reckons it’ll shrink by 2.9%!
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