[FULL] Ganesha (Part 2): “I’ve Seen The Master Plan Of Gamueda Gardens”, On Whether Renovation Is Necessary For Rental Units And The Common Mistakes Of Young Adults Before Buying Their First Property

I’m delighted to have Ganesha on the show again and of course we are going to talk about property investment and the renting landscape in Malaysia. It feels like we are hitting a new episode on this topic every month or so, and believe me I think we are headed in that direction. If you haven’t listened to the first part, I’m pretty sure you will have a lot more questions after listening to it. I brought those questions here in this episode, hoping to give Ganesha a chance to really teach me what I need to look out for before buying a property. I even had Ganesha do some calculations on paper with me, trying to determine the loan eligibility if I had X amount of money. Fun fact: I was approached by several agents for property viewings and sharing with him the information means I get to see from his perspective what the deal breakers are! If you are interested in his opinions on whether to go for the property, I suggest you listen to this episode. From commercial properties to the questions of renovation, we explored a lot of unanswered questions I had. It may be a short episode, but to me, I’m ready for the third episode already. Timeline: [00:00] Common mistakes young people make when they first start working [05:24] What about buying a property for your own stay? [07:02] Can banks see your rental income for higher loan eligibility? [08:32] Rentals without tenancy agreements [09:23] How he increases his occupation rate of his properties [13:58] Aesthetics play a long game [17:13] How to find new tenants  [19:48] Telltale signs of a Tier 2 area [25:43] An example of how to assess whether it is a good property [29:02] Red flags of properties that you should avoid [31:02] A property next to the MRT is surely better than one next to none, right? [37:29] What about commercial properties? [41:18] Calculations on loan eligibility [45:55] How he budgets his money Sound effects obtained from https://www.zapsplat.com