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

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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?
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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
ManutdGiggs
post Feb 20 2013, 08:54 AM

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QUOTE(chess_gal @ Feb 20 2013, 08:48 AM)
Its sgd3k. Papers in Singapore.
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Thou I salute to his guts, SGD 3k is just merely RM 7.5k. Let assume with a debt of RM 3mil and slight increase in OPR, he is back to work for sure. Of cos if BLR stays till 2020 and a 8%-10% increment of rental in every 2-3yrs, and new tenants for those soon to b VP props, he is somehow on the safer side.

Btw, if without earning per deal basis, SGD 3k is really nothin. Rental for a 2 rooms apartment is bout SGD 2k if I'm not mistaken. Of cos there r cheaper option. Unless he owns a low debt shelter there.
ManutdGiggs
post Feb 20 2013, 09:13 AM

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QUOTE(chess_gal @ Feb 20 2013, 09:03 AM)
Yes agree with you. The 13 prop barely enough to be rich. Can live on it in msia moderately 0but not sg hence we are moving into commercial and singapore prop. At least not stuck with a 9 to 5 job. Freedom of time.
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Great option to choose props investment to stay away fr 9-5 job. However, by looking at his current position, he need another 8-10yrs to stabilise his financial. Unless he is able to dispose off most props with great margin and reinvest. If the cycle goes on without hiccup, then he is well.

P/s. I dun encourage buy n sell. Rental play is beta unless the offered price is irresistable eg. onli 2%-3% roi on rental. Then I ll sell.
ManutdGiggs
post Feb 20 2013, 08:46 PM

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QUOTE(newbie99 @ Feb 20 2013, 07:47 PM)
Portfolio worth RM10 million but borrowing RM 8 million, so net of RM 2 million only? What amazes me is he can get so much loan from the banks!
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I think the loan amount is not 8mil cos he mentioned after cap appre of those props bot yrs ago. So if the projected value is 10mil, loan of 8mil can onli realised if he refinanced. Otherwise loan size is not so huge if based on ori purchase price.
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