Just to add one thing, AVOID at all cost ALL BAD DEBTS.

For the past 2 years, I have consistently had more than 20k in credit card debts at any time. However my debts are at 0% interest, accumulated thru buying furnitures, electronics, dp etc for property rental purposes.

Fot the young and poor investor, CC can be your best fren, or ur worse nightmare. So choose wisely

debt to income ratio.

or some banks use LRR (Loan repayment ratio).

anyway, pai's right....it'll be harder to get a good MOF once your properties start to accumulate.....

however, my suggestion is not to diversify your bankers....but choose one or two principal bankers to gain a level of comfort and bargaining power over time.

it'll be more "mafan" for you.....extra doc's and income substantiating required.....but it'll be worth it......

rather than sleeping with everybank around town.......that is, unless u can find a "beautiful, mistress" bank.

a rather peculiar analogy, no?

btw chief, learnt a great concept lately on financing, called the "*financier's multiple orgasm exhaustion", hehe



*I changed the name to make it sound hotter

Very true, I used to think that going with multiple banks would spread the "impression of commitment", but it's the reverse that holds true. Go with one bank, have impeccable records there, know what they want to make your portfolio looks beautiful, and this is one mistress you may want to turn into wife.

But then again, which bank???????

Smart hard to find 0% interest these days though.


This post has been edited by wodenus: Apr 28 2009, 03:27 PM

I have updated the various inputs onto the first post of this thread.

Lets evolve the nature of this thread slightly. Property investment and financial management are two topics that go hand in hand. What kind of financial management tips and practices do you guys have?