Aug 22 2013, 10:58 AM
QUOTE(ProperTYcoon @ Aug 22 2013, 10:52 AM)
Hi there, everyone have their own rights to express their opinions and ways towards profit maximization.
I've never came across any Lelong deals before just because I have plenty of members had bad experiences with "Limit Capital".
Our main objective is to flip for profit, getting away with the most profit as we could.
No doubt, renting generates Fixed Income, but by tightening ourselves into a "Loan" which caused difficulty for our next property by getting 70% loan is not a good idea.
Property purchased from "Lelong" indicates low market value at times, if These "Lelong Properties" are good in demand/appreciation value, I doubt there will be any "Good reasons" for the debtor to be in a bad situation. Usually when it comes to the lelong state, it will take around 3-4 months which the main point is "Low appreciation Value + Low Demand of Lelong Property"
main factor might be flipper who doesn't have holding power.Btw if you notice we start talking about lelong on these thread because of lelong at setiawalk@puchong. the demand will be there, it's just not right now, after lrt project finish maybeI've never came across any Lelong deals before just because I have plenty of members had bad experiences with "Limit Capital".
Our main objective is to flip for profit, getting away with the most profit as we could.
No doubt, renting generates Fixed Income, but by tightening ourselves into a "Loan" which caused difficulty for our next property by getting 70% loan is not a good idea.
Property purchased from "Lelong" indicates low market value at times, if These "Lelong Properties" are good in demand/appreciation value, I doubt there will be any "Good reasons" for the debtor to be in a bad situation. Usually when it comes to the lelong state, it will take around 3-4 months which the main point is "Low appreciation Value + Low Demand of Lelong Property"
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