Helo everyone and greetings.

I'm still new in this property thing. And i would really love that all the experienced investors here could share me one thing.

How is it possible to buy alot of properties ?

From what i know banks only have a certain limit for their loans margin right?

So if that is the case.. then how do many investors here get their loans approved.

I know this is too general but is there a comprehensive answer to this.. Still cant figure it out.. Hope someone could clear my doubts once and for all...

THanks alot..

Hope we can build a discussion here for all the new investors..

if you are investing for rental income, to get simultaneous approvals, back the loan property with their respective tenancy agreement, i.e, banks know that you will be getting the rental income to support your loan repayment

It is possible to buy alot of properties as long as each property you buy increases your income more than your loan commitment.

If you are still new, I would suggest that you learn about buying 1 property first, before venturing any further.

Regards,

Got caught in purhasing under-con prop that doesnt provide rental income.. and got max out my loan profile bcos having more than 1 prop.. (the other one rented out but total income still not sufficient)..

So the only way is to increase my income??

Max out with one bank does not mean max out with all banks. You may still be able to borrow from banks which have higher loan/income limit.

Please contact me with your current income and loan commitment details and I'll see how I can help you get more loan.

Regards,

besides your fix income/salary, like say, ur 1st property rented out, it can be consider as a supporting doc to get ur loan approve too.

i dunno if buying a property that still have running contract for current tennat helps.

Ic... thanks Roy...

actually belum max out but nearly..

Thinking of getting a landed by end of this year..

will contact you after i tidy up my details..

You may refer to here...Learn 17 ways to make $ on property investment by Millionaire Investor Milan Doshi