ASKING SEAN

The Makeover Mania campaign: https://www.themakeover.my/mania/
Link to join my team in property investment club: https://bit.ly/3VmJixM
Use promo code: SEANTANMAKEOVER22 for property makeover: https://wa.link/0ea7rb
Link to OpenHouse App: https://openhouseapp.ai/install

In this episode, a couple with RM20k income is asking about can they buy a property with installment of RM 3500 a month? Being able to afford is one thing, another would be the intention behind the purchase.

My concern is people tend to overpay for ownstay properties because the saying is always "as long as you can afford and you like it, just buy it...". I don't agree to that at all. I have suggested 2 more check points before the purchase, which is the 85% rule to somewhat get the exit strategy covered. Another would be the comparison against the median price of the location.