Sure boh?

Part of the studios still under construction - means Bank Loan not yet paid yet.

Rental yield squeezed as more and more units VP. Ask ANY landlord, if they claim otherwise they are lying.

BLR change how sure are you he is able to breakeven? What about defects and repairs in his property? Rental units vacant for 2-3 months? (Highly possible FYI).

This is a super high-risk strategy. I won't recommend this to anyone. RM1-2M of loans I consider a daring risk taker. RM8M of loans? Overly greedy and soon to be bankrupt.

This is a joke right?

One bank employees don't care about the bank except their yearly bonus and monthly salary, bank shareholders can't see all the details except in the annual report.

Two if the bank fails the Government will bail them out like in US, if your Boyfriend fails who do you think is gonna bail him out? The Bank? The Govt? You?

Good luck......

To lowyat members, if you are in his shoe right now what will you do?

1) Cash Out existing ones and wait for the undercon to complete for a good flip.
2) Stay as is, positive cash flow overall RM7.5k.
3) Selective selling to reduce the total debt amount.
4) Buy more studios to increase portfolio to RM20 million
5) Diversify, buy landed residential, commercial and industrial properties, increase portfolio to RM20 million

Personally, I always mentioned BUY when you can truly afford. I also mentioned that properties coming on stream serve many different groups of people including foreigners, thus you don't need to kiasu if you didn't buy any of them.

I don't really like the idea of over-leveraging, regardless of how big or small your income is.

Today, I don't really like the idea of having a millions-worth of portfolio in Studio or even the Hotel floor that I know of. The influx/huge supply of studios today is already causing some signs of slowing down.

Having said that, I advise that any young workers out there who cannot afford to buy property at the current price, you need to compensate by buying smaller units. This is OK if you are buying a serviced apartment of minimum 1 room, smaller size (but not Studio with no rooms). This buying is for your OWN STAY, don't think of flipping if your initial purpose is buying when limited income.

There is certainly more LIFE other than property investments.



***
Btw in Bolehland, to be great in property investments is simply not that great (as our general society is still far from being investment-conscious), but to be great in career, etc is a bigger deal. But the bigger deal is to HAVE KANG TAU in Bolehland... apa boleh, semua pun boleh. My young friend is taking over company today - he no need property investments lah.

This post has been edited by accetera: Feb 20 2013, 11:40 AM

Thanks for sharing.
Anyway, he is over leveraging like faizul ridzuan.

Veteran


This post has been edited by Donald Trump: Feb 20 2013, 11:43 AM

Pray to every gods that I know of and every day too that the market don't crash, if I might add...

It is ok with the super bull run BUT NOT NOW...hence there is no more inspiring stories like those dumb head youngster claiming...you buy high you will die now, few years ago was cheap

He is young. number 2.

I think the market is moving up slowly.
The property is still doing well as long as the economic is going well.

Can see many sour grapes here.
Can be done if u went in early

Haha. Faizul book is enough. Since they are ex colleague, materials will be more or less the same. Of course credit to faizul who influence ryan into studio investment. Just fyi. 13 prop are existing. Commercial are undercon which takes a bulk of it.

With regards to tax, we pay tax in msia as income arises in msia. Thus his income msia has no impact to sg income tax and not subjected to higher tax bracket. Btw sg personal tax is damn low after relief.

I agree the bull run in studios will stop thats why we didn't invest in residential since 2011 and gone into commercial recent year.

Very high leverage. for a 8M loan, his total installemt shud be around 40K. A 50 basis point increase wll increase his installment by 7% which is RM2800. I guess he shud dispose some of his good prop which have achieved high capital appreciation.
Any, this guy shud be commended for his achivement. he shud be in the 1-2% of population who is smart and money savvy

accumulate 13 properties with only 3-5k income, not many young fella can do it. Many from this income group still crying for homeless.

With that kinda income, i wouldnt be too bold to do that. One mistake mati man

some of it are JVs and under company... not all are personal...

They started step by step, bought one by one, not buy 3 in one time, rented out and buy another, location is very important for this kind of tactic.

Agree with u bro

Agreed..👍..

can the taikos here share on how they are doing it or did it? since this is small fry ... i wanna learn liao