i am also currently surveying for house in Malaysia. Looking at area in Shah Alam or Kajang.
While enjoying myself looking at all the beautiful houses for sale in the internet (i'm currently in love with Denai Alam), I stumbled upon this website and read the interview with 3 properties investment millionaire Milan Doshi, Prudence Wong and Nancy Ng.
this is an interesting quote from Doshi & Ng:
Question: Should I refinance my paid property?
Doshi: Take the longest possible loan with the least possible cash for property investment. Keep refinancing every three to five years.
Ng: One must love to borrow money. By borrowing, you are able to buy a few more properties. In a few years, the properties will appreciate and then when you refinance, you can buy more properties. Some people, they have a phobia of borrowing money from the bank. They are not able to sleep at night. If you are such a personality, then please do not refinance (laughs).
"tapi aku fobia dgn Singapore Banks. jangan main main!!"
hmmm...this has become an interesting subject to me.
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