bro, no offence here, take it easy,

Let's talk about a more viable story for an average 27-year-old.

2010: Had a joint venture with my gf to purchase our 1st cheap property after 3 months of work. (80k & renting out till now)

2013: purchased a 460k condo in Cheras.

More to come?

there is a secret , one can borrow more money few times higher than monthly salary.These might not apply to him however.

which is buy few property e.g. 3 at the same times and apply loan with 3 bank for each property within 14 days.

Bank can only check you're applying loan with another bank but they cant check which property is the loan for and it is normal for people to apply loan with 3-4 bank to compare the rate for one property.
of course, it isn't only limited to 3 prop, you can go for more prop but with higher risk
That is why sometimes we see the unit being lelong upon being vp, coz of over confidence in the investment

Edited, i will not recommend these play , i personally never resolved to these kind of play, it's basically a gamble more than investment, you win = million ringgit richer, lose = no turning back .That's my warning, dun blame me if things turn bad. borrowed some one quotation ''FLIP WITH OWN RISK''

This post has been edited by wanted111who: Oct 4 2013, 10:18 PM

agree only some project , not all . You know , i know . Reserving cash for secondary market in year 2016 - 2018 ?

My "raw" total loan after 10% or 20% downpayment is about 1.2mil. Estimated ~6.5k/mo payment to banks. Of course my salary is not 6.5k divide by 0.3 = 21k. VERY far below that, LOL. It's not done in one shot. I started in 2004 with a 2-storey Kajang terrrace for 190k and slowly added sub-200k apartments over the years. I'd say up until 2008, property prices were "affordable".

Rules changed over the years. Now 30% income rule? Or some other %? Maybe dulu2 it was 70%? I can't remember details. Of course banks won't suddenly cancel your existing loan when new rules come in. As long as you can pay.

What else .. hmm .. yes, later purchases needed to be supported by stamped tenancy agreement which I have a few (luckily). Also showed some money in my ASB. I don't play stock market. Used to. I always pay all credit card bills to zero everything although dulu2 I did struggle with credit cards. I think my CCRIS is quite clean, I dunno.

OKOK 😎😎😎😎

Time to look for those widow 🍷🍷🍷🍲🍲🍲

Best strategy is to search for beautiful widow with lots of properties 😇😇😇

Peri Kor, I also want to learn the "tricks and magic"...... But if earning 30k above and over 70k in salaries and income, I also want to learn how to make those type if 💰💰💰💰

So TS, wat is the trick??

tips is buy low sell high

But now all sell high, how can you buy low anymore?
All +10% of market value.

then dont buy and pray for recession.

But BLR might increase soon ma.. looks like very possible within near future.

buy high sell higher LOL

\
thats how things currently is going at...

by the time u knew its low, its already too late.

Should tell tis to those hoping for crash.

Crash is opportunity for taikor to sapu more.

I think all taikors r investing all the time. Whether its gd or bad time oso I can c many taikors buying.

Maybe when crash, all ddd grp ll start panic and most importantly banks ll nvr hav confidence in buyers who r not confident. But there is alwiz 1 macho hiding in ddd grp suddenly pop up to buy many props. Betray is the word.

Hahaha your 2nd paragraph

we know who is that

ddd grp stand for?