http://www.hansonlye.com/private-retiremen...etirement-plan/
Same as PRS?

Need advise, here's goes:

Income:
Salary (employment): RM 4500/month (after deductions)
Dividends (stocks): RM3000/month (average)
Dividends (Business): RM35000/month (average)
Rentals/month
Property 1: RM 1200
Property 2: RM 1850
Property 3: RM 2200
Property 4: RM 1500
Property 5: RM 6500
Property 6: RM 15000
Property 7: RM 15500

Total: RM 86250/month (approx)

[/B]
Expenses:
Personal (Food, Bills, Holiday, Etc): average RM7500/month
Installments/month
Property 1: RM 800
Property 2: RM 1200
Property 3: RM 2200
Property 4: RM RM 1500
Property 5: RM 5800
Property 6: RM 13185
Property 7: RM 13185
Property 8: RM 9500
Property 9: RM 2700
Property 10: RM 3200
Property 11: RM 3200

Total: RM 63970/month

Assets:
Cash in Bank: RM150000
Here's the problem, due to some unforeseen turnout of events, my business suffered a steep decline in profits and no dividends are expected to be paid for the next 2 years, bringing my total income down to RM 41250 and hence (-ve) RM 22720 outflow every month.

Based on my current position, I would last 6-7 months max.

Property 1-5: >5years & 50-120% capital appreciation (based on bank valuation)
Property  6-7: 3years & 25% capital appreciation (Based on bank valuation)
Property 8-100: <2years and Undercon, will only be available for rent in mid 2014.
I really dont know whats the best option for me, all I can think of at the moment is to:
(a) Liquidate some properties (1-7)
(b) Seek refinancing

Really in dire need of advice of what is the best solution that I should execute and what are their pros and cons, unfortunately I don't have much time

Thanks for your respond:

On your question:
1. I can't liquidate 8-11 as I bought this property at a value for the developers and is currently enjoying incentives for up to 5 years. Disposing them will nullify the incentives.
2. Property prices of 8-11 is rather stagnant and there is still no market yet for them. To liquidate, will have to drop prices and will result in losses.
3. I already found prospective tenants for 3 of those properties and the rental income is approx 10% higher than my month commitment.
Let me clarify a few issues:

1. Invested in a business ard 2009, and the dividends they pay me is approx 300k-600k/annum for the past 2years. I have no management control of the business, just one of the directors and receive dividends annually.

2. I just started working full time in late 2010 till now and hence drawing monthly income.

3. Started investing in properties way back in 2008, at that time getting 90% financing and 40-45 years tenure is way easier than now.

4. My prove of income to the banks are as follow:
(a) Annual Income Tax Filling
(b) Stamped Tenancy Agreement
© Employment Pay Slip
(d) Dividend statements from stocks

Note: If you are a premier/priority/priviledge member of banks, the margin they can allow is up to 130% of your commitment.
Current Situation:

1. Made a mistake by depending too much cash flow from my business.
2. I had this ridiculous ambition of having a property portfolio of tens of millions by 30, and yeah.... f***ed up real bad.

Path Forward:
1. I hope someone in this forum can advise on the options I have at this juncture and what are their pros and cons.
2. Someone with similar past experience to share their thoughts.

Greatly appreciate your valuable suggestions as I can't really share this with my family or friends.

Thanks again

Hi guys,

I have a financial advise I would like to ask, hope this is the correct section to ask.

My house loan is now at RM180K balance and I have PTPTN balanca at RM20K.

I have extra cash to pay off my PTPTN but I want to know, is it better to pay off my PTPTN or use the money to pay my house loan?

As you know, PTPTN, by this 30 September 2013, I can get discount of 20% which is RM4K.

My house loan interest is BLR - 2.24%. Loan amount balance RM180K.

I have RM16K, I can pay off the PTPTN after discount 20%.

Which one is better?

Thank you very much for your help.