Steps to have positive cash flow by buying property.
1. Buy sub sale (2nd hand) property with 100% bank loan. You need to reserve money for booking, tax & lawyer in advance. Look for property with >10% below market price. (Less advance cash)
2. Take vacant possession after paying booking fee. This kind of term, need agreement with current owner if the property is unoccupied. (Cash in before actual vacant possession)
3. Make minor or no renovation for the property to be occupied by your tenant. (Minimize cost for renovation)
4. Choose or select tenant with positive attitude by interview them before let them rent your property. (Lowering risk of not paying rent)
5. Take care of good tenant by response their needs & complaint. (Nowadays, very difficult to find good tenant who pay rent on time)
Note: Location is the main criteria to buy property. Buy property wisely.
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