Investment Property
Hi. Long time lurker and first time poster. Wanted to share my situation and gauge what’s everyone’s thoughts would be on it. Single/Male/30
I’m fortunate to be employed in an industry where I’m provided with accommodation. Free utilities, an and transportation to work. Just that I get posted in different places every 4-5 years. Dont really mind it. Single and able to live in various places. Great in my mind.
Fixed gross annual salary would be around RM75k.
Annual bonus ranges from 4 to 9 months. Annual salary may hit up to RM120k/year.
So here’s what’s up. Based on my career. (And I do intend to stay in it for the long term) I have a portion of my salary that may be invested. Since I don’t have to spend on rent or living expenses. And I have been doing so in ETFs and stocks im interested in.
Recently I’ve been meddling in the idea of investing in property by renting it out in my home state. The thought process behind this is that I will be living and moving around with no expense. And the property will be able to pay itself with rental income. My immediate family would be able to hold the fort and handle the rental processes.
The property in question is a high rise right beside the causeway to SG. I’m heavily betting on the RTS line from JB to SG that’ll bolster rental properties. Price around RM400k.
On a side note. My commitments and expenses are at a minimum. I’m able to set aside RM3k a month for investments. Expected to grow since I don’t see a need to increase my commitments nor expenses.
Thank you.