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 30 yrs old Msian Investor on SG Business Times, Portfolio worth MYR10m (SGD4m)

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joeblows
post Feb 19 2013, 10:37 PM

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QUOTE(kenji1903 @ Feb 19 2013, 09:27 PM)
hmm... RM10mil portfolio, RM8mil loans... meaning around RM2mil nett... lucky he bought early... from the article... seems like half of the properties are under RM300k each, lucky guy thumbup.gif
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Lucky? More like sorhai....

Playing with loans and gambling like in genting...people like him are responsible for the sharp spike (and subsequent crash) of properties..
TSchess_gal
post Feb 19 2013, 11:09 PM

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QUOTE(cybermaster98 @ Feb 19 2013, 08:11 PM)
The value of the portfolio isnt important. He can have RM 10 billion for all i care. What's important is:

1) Whats the capital appreciation of the portfolio?
2) Whats the net returns after all deductions?

Based on what he's said, he only gets RM3K net every month after all deductions. If u ask me i would say that's really dangerous especially in the current market scenario. Even a 25 basis point increase by BNM would spell trouble for his investments since he's very heavily leveraged. One property gave him a 12% yield but from his monthly net returns, u can gauge that his other properties arent doing that well. Probably just breaking even with his loan repayments.
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Note that this is Singapore newspaper. It is SGD3,000 NETT (MYR7,500) after all tax, maintenance, audit/secretary fee. Note that half of the porfolios are under construction.

He started with studios in KL, all studios are tenanted and currently moved into commercial office, hotels and a residential in Singapore. Commercial are all undercon thus no yield yet.

This post has been edited by chess_gal: Feb 19 2013, 11:18 PM
SUSYam Seng
post Feb 19 2013, 11:17 PM

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last time easy to get loan. now different story.
TSchess_gal
post Feb 19 2013, 11:26 PM

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QUOTE(Yam Seng @ Feb 19 2013, 11:17 PM)
last time easy to get loan. now different story.
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Did you then take advantage of it last time? Of course it is harder now, hence different strategy applies.

Intention of sharing this article is to show that everyone can make it in property, not necessary from a well off family, what is needed just network, diligent in finding the right property and lotsa guts.

Just for your info, Ryan & Faizul (Pai) were once colleagues and they started together. Ryan left Msia 3 years ago to grow his income to take more loan.
joeblows
post Feb 19 2013, 11:45 PM

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QUOTE(chess_gal @ Feb 19 2013, 11:09 PM)
Note that this is Singapore newspaper. It is SGD3,000 NETT (MYR7,500) after all tax, maintenance, audit/secretary fee. Note that half of the porfolios are under construction.

He started with studios in KL, all studios are tenanted and currently moved into commercial office, hotels and a residential in Singapore. Commercial are all undercon thus no yield yet.
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Only positive cash flow due to DIBS.....don't need twist facts..

Lets see if he can maintain his hot streak through 2013/2014 or if he's gonna crash and burn like so many gamblers before him.
accetera
post Feb 19 2013, 11:47 PM

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Sarcasm. Thanks for sharing our friend (also PTLM member)... cheers.gif

He and Melissa, his girlfriend run the famous MISS lah... and Ryan is the guy who appeared to comment on WTF! book by Pai (Faizul). All ex StanChart.

Also the thread starter tongue.gif , Melissa is doing pretty well in her career and also her investments. I personally and her was interviewed once by The Malaysian Insider. http://www.themalaysianinsider.com/print/m...minority-youth/

This post has been edited by accetera: Feb 19 2013, 11:52 PM
TSchess_gal
post Feb 19 2013, 11:54 PM

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QUOTE(joeblows @ Feb 19 2013, 11:45 PM)
Only positive cash flow due to DIBS.....don't need twist facts..

Lets see if he can maintain his hot streak through 2013/2014 or if he's gonna crash and burn like so many gamblers before him.
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Thank you for your concern on his future welfare smile.gif

You will see more of him in the papers, oh wait. Singapore paper. Guess you would have no access to it. I'll share on LYN next time.
accetera
post Feb 20 2013, 12:05 AM

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Mel, no need share lah... Malaysians are even more kiasu one.

They will blame the govt and their birth here for earning so little. Then we will have another blaming thread here.

Btw, the general all walks of Malaysians are earning little (and promotions are rare) yet with compulsory debt (defnitely most ppl have car loan eating big chunk). This story is unfortunately not a very good role model given such situations, unless you earn a foreign dollar.

At the same time being in Malaysian forum, it is not good to encourage local people to flee to another country.
bbbformoney
post Feb 20 2013, 12:05 AM

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QUOTE(accetera @ Feb 19 2013, 11:47 PM)


Also the thread starter  tongue.gif ,  Melissa is doing pretty well in her career and also her investments. I personally and her was interviewed once by The Malaysian Insider. http://www.themalaysianinsider.com/print/m...minority-youth/
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Ok ya, the interview, yes read it, bravo, got it, ok? Feel good now? Shall we move on?
yawn.gif
kochin
post Feb 20 2013, 12:18 AM

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why is it that someone sharing story and kena flamed left right center?
someone claims he's underperforming and not so great.
someone claims he's gonna be burnt soon.
why do people generally sows hatred?
why can't we just wish him well and continued success.

to those invested, may you continue to prosper.
to those not invested, may you find your true calling soon and prosper as well.

somehow continuous wishing and anticipating of bad misfortunes to bestows on others intrigues me. where's the source of the hatred to begin with?
AMINT
post Feb 20 2013, 12:24 AM

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I
QUOTE(kochin @ Feb 20 2013, 12:18 AM)
why is it that someone sharing story and kena flamed left right center?
someone claims he's underperforming and not so great.
someone claims he's gonna be burnt soon.
why do people generally sows hatred?
why can't we just wish him well and continued success.

to those invested, may you continue to prosper.
to those not invested, may you find your true calling soon and prosper as well.

somehow continuous wishing and anticipating of bad misfortunes to bestows on others intrigues me. where's the source of the hatred to begin with?
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+1 I reduced sharing my experience because of this. Maybe I should just stop 100% and just gain from others in a one way street. Always kena hentam. Huhu

This post has been edited by AMINT: Feb 20 2013, 12:25 AM
ManutdGiggs
post Feb 20 2013, 12:26 AM

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QUOTE(kochin @ Feb 20 2013, 12:18 AM)
why is it that someone sharing story and kena flamed left right center?
someone claims he's underperforming and not so great.
someone claims he's gonna be burnt soon.
why do people generally sows hatred?
why can't we just wish him well and continued success.

to those invested, may you continue to prosper.
to those not invested, may you find your true calling soon and prosper as well.

somehow continuous wishing and anticipating of bad misfortunes to bestows on others intrigues me. where's the source of the hatred to begin with?
*
QUOTE(AMINT @ Feb 20 2013, 12:24 AM)
I
+1 I reduced sharing my experience because of this. Maybe I should just stop 100% and just gain from others in a one way street. Always kena hentam. Huhu
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Quite disappointed here too.

This post has been edited by ManutdGiggs: Feb 20 2013, 12:36 AM
Donald Trump
post Feb 20 2013, 01:19 AM

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QUOTE(kochin @ Feb 20 2013, 12:18 AM)
why is it that someone sharing story and kena flamed left right center?
someone claims he's underperforming and not so great.
someone claims he's gonna be burnt soon.
why do people generally sows hatred?
why can't we just wish him well and continued success.

to those invested, may you continue to prosper.
to those not invested, may you find your true calling soon and prosper as well.

somehow continuous wishing and anticipating of bad misfortunes to bestows on others intrigues me. where's the source of the hatred to begin with?
*
I initially want to refrain myself from commenting all this kacang putih portfolio but sometimes really tak boleh tahan...HONESTLY IS NOTHING TO SHOUT ABOUT...and yet they make it like hell of successful stories
Put your heads down be humble work harder..talking about no need to work at 30 with this kind of kacang putih portfolio...dun know what to say doh.gif
accetera
post Feb 20 2013, 01:25 AM

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Actually that article when published in overseas is considered "Another Malaysia Boleh" story. Congrats.

But here in this forum, now the REAL mega-taikors start speaking. Ampun ampun tuanku.

Successful people not necessary need to reveal himself or herself. Sometimes successful people always say they "kecik meow" nia. Unless they want to try cari more makan?

Human nature is like that. Malaysian nature is like to impress and then complain. Boleh culture!
yoki
post Feb 20 2013, 01:25 AM

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I guess it is an effort to create awareness, the establishment need publicity
Otherwise very hard to jalan
yoki
post Feb 20 2013, 01:27 AM

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Btw well done! 10m is not a small portfolio
Donald Trump
post Feb 20 2013, 01:30 AM

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QUOTE(chess_gal @ Feb 19 2013, 11:54 PM)
Thank you for your concern on his future welfare smile.gif

You will see more of him in the papers, oh wait. Singapore paper. Guess you would have no access to it. I'll share on LYN next time.
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Understand that what u r trying to promote here but dont forget there are lots of humble heavy weights in forums...u will be surprise that they are quietly laughing at your so called " successful story"
may be forumers get fed up already... after the "malaysian version" also something something at the age 0f 30 now a runaway singapore version suddenly sprung up wink.gif ...keep on bragging about how many studios one have..big deal?


Donald Trump
post Feb 20 2013, 01:32 AM

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QUOTE(yoki @ Feb 20 2013, 01:27 AM)
Btw well done! 10m is not a small portfolio
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U WILL BE SURPRISE PEOPLE THAT TCSS HERE...10 mil port is kacang putih
yoki
post Feb 20 2013, 01:36 AM

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QUOTE(Donald Trump @ Feb 20 2013, 01:32 AM)
U WILL BE SURPRISE PEOPLE THAT TCSS HERE...10 mil port is kacang putih
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I am not suprised la, 10m, 3-4 prime shoplot can meet target, factory can be more keng chao
But for pure resi play, 10m must give some credit

This post has been edited by yoki: Feb 20 2013, 01:36 AM
TSchess_gal
post Feb 20 2013, 01:53 AM

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QUOTE(Donald Trump @ Feb 20 2013, 01:32 AM)
U WILL BE SURPRISE PEOPLE THAT TCSS HERE...10 mil port is kacang putih
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Oh yeah. You are definitely one of the TCSS.

Haven't been to lyn forum for 2 years, property talk thread has become kopitiam style forum. Where are all the admins?

Rather than asking how he did it, everyone just focus on the statistical number. Myr10m is not a big sum, he is just leveraging on the bank.

Sense a lot sour grape and key board warrior lurking around. No wonder a lot good forumers have stopped sharing. Stop looking at the numbers, rather, look at his sharing on his last note. Singaporean are streaming in to buy iskandar and cause of the min ceiling, msian has advantage.

Anyways, what he did cannot be repeated. Question is, why didn't you do back then? You had the same 2007 year as he did. What were you doing then?


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