30 yrs old Msian Investor on SG Business Times, Portfolio worth MYR10m (SGD4m)
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 Feb 21 2013, 11:49 AM
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#1
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Senior Member
3,820 posts Joined: Jan 2009 From: Land of the Hornbills & Land Below the Wind  
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Wow, its been sometime I logged in LYN. And this thread caught my attention, so much hype! Keke...
All I can say is I salute this guy... How I wish my banker can borrow me as much as he did... Cheers.... |
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Feb 23 2013, 12:28 PM
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#2
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Senior Member
3,820 posts Joined: Jan 2009 From: Land of the Hornbills & Land Below the Wind
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QUOTE(LeoLilieno @ Feb 22 2013, 04:01 PM) Wonder where he gets his money from for all the initial down payment. Dont tell me his loan all 100%. Bank also not stupid to provide mortage to a young fella without any guarantee. Wonder why income tax did not check his background where he get his money from at this young age. So, bottom line is, only those whose parents are filthy rich can dream about this kind of success. My friend, here is why you are wrong. Example, For a property RM 500k, one may need at least RM 50k, which if convert to SG dollar is around SGD 20k. Quite easily to save that kind of money la... is it not?  There is no secret recipe in getting higher loan amount from the bank. If you declare higher tax due to high income, you will be eligible for higher loan from the bank. Cheers.  |
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