1. Buy a good rating house (refer Faizul Ridzuan or other prop experts recommendation + your own due diligence)
2. Rent it out to at least cover the loan payment (if can get positive cash flow is best)
3. Rent yourself a house (you can get a much better unit/area if you rent with the same $$ for mortgage)
4. Once your salary grows, buy another house
5. Repeat #2
6. Once your family grows bigger (kids and all), rent a bigger house
7. Buy a house for you to stay, once you know you want to settle down for good already. As early stages or working life, you wouldn’t know where you’re gonna be working in the next 10 years or so. You might be moving here and there first as the job progresses.
Also there’s a lot of associated costs (read: with emotional factor) if you were to buy yourself a house for own stay e.g. renovation (you want to do the house nicely but seriously, you would eventually move out anyway as your family grows bigger).
I currently own 6 properties (with very good cash flow), but I’m still renting myself in a great location which cost me half the price vs. if I were to buy the unit, and I’m very happy with it. Just my two cents.
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