Just wondering if I 'm just qualified for 1 loan, can I book 3 units of condo (similar price) and apply loan separately with 3 different banks then wait til 3 loan also approved only sign loan/s&p agreement? In this way I can buy 3 units instead of one. Anybody try this before?

This post has been edited by ahsoh: Apr 22 2012, 09:44 AM

Nolar, definitely not royal regent cos developer still have too many units unsold. Tot of that doing that 2 years ago when I bought a condo for investment. Chicken out like you as well. Haha... Just wondering if anyone did that before and is it working?

If one has enough cash to settle a few loans, usually he/she doesnt have to do this kind of trick, just straight away apply 3 loan saja.

Thank you all for your comments. Dont worry, I have no gut to do that 2/3 years ago and definitely wont do it now, just for the sake of discussion.

Kepong central? The one next to the cementry? Good yield?

So when you apply for loan, does any banker ever question you regarding how many units you bought? They all tot you buy only one unit right? Were your income qualify to get 4 loan?

You mean you loan 18k more than your purchase price each unit? Then use the extra $ to do some reno before renting them out?
Since you have rent out all your units I guess you are pretty safe now. Well done, invest in 4 condo without paying a penny from you pocket.

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Added on April 24, 2012, 7:29 amBy the way, why are you so confident that you can find tenants for your units? Otherwise you wont do that right?

This post has been edited by ahsoh: Apr 24 2012, 07:29 AM