What is ur Dsr now after 3 properties and refinance?

It's possible with joint venture, low down, zero entry... 100k also property, 1 mil also property. 

with all 3 props + other commitment, it went slightly above 100% lol...

but since using company loan it wont appear in CCRIS thus maintaining at ard 69%

Eat Maggie mee?

80k.. keep back into your loan account better can transfer here and there. I'm thinking also about refinancing on my condo's can get approx rm200k cash including my excessive cash and buy a landed property.

Refinancing is a double edge sword actually.. if shit happen.. there goes your money..

Frankly whenever people says that he/she owns 3 properties with 5K income, I would rather choose to believe it!
There are many possibilities and conditions. You need to dig further.
Many might not willing to share their experience to obtain multiple loans as these tactics are quite "sensitive" and P&C.
One thing you must keep in mind is "Keep a good TRACK RECORDS in bank's repayment system i.e car loan, housing loan, credit card, personal loan, OD etc

"A rich man who has never secure a loan has no creditability" - for sharing

Want to share my exp and future plans

im 27. Started working in 2010. Bought 1st prop in late 2010 at 270k. 10% dp borrowed from papa. Paid within 3yrs using company bonus. Now staying in the unit.

bought 2nd prop at 220k in mid 2011. 0 dp after 10% rebate with DIBS. just got vp last month and under reno for rent out.

now securing another unit at 350k using company loan. MOF is 100%. Dev offer early bid rebates so i'll get 35k once disbursed.

im refinancing the 1st prop at 400k so got abt 110k cash out. Still within lockin period but coz now BNM announce new rules so i better refinance fast or else tenure is 10yrs only.

total cash in hand 145k. Plan to buy a subsale abt 200k with good yields (mentari court? Flora damansara? Lagoon perdana? Pelangi damansara?). Need 30% dp this time so ard 70k inc legal.

left 80k will put in several vehicle like gold, unit trust, etc. This amount also served as emergency fund to help my holding power when no tenants.

so taikor taijee any better way to improve my plans? Esp on the subsale part. Any other better yields unit?

thanks in advance

Before I start, let's have this thread focus on strategies n methods instead of bashing others, I'm sure there are other taikor, leng lui, leng chai and smarter people with better strategy out there. 

Saw some comments @ MOVE TO COOL OFF PROPERTY INDUSTRY COULD BACKFIRE, so let me share mine in here since I am 25 and I believe in knowledge sharing.

2007  - I had my first fulltime job when I was 19 with about 2k+ package in IT industry, renting room here n there. Prior to that I was a student with about 3 years exp in FX trading and fundamental of investment, played it on my own free time as an interest n source of money.

2009 - close to 3k package. I had enough of renting, after few month of searching, i bought my first property, a 3 rooms condo in cheras @ 210k. It wasn't easy to get a loan from bank, but it was do-able and I did it.  I used my savings + money from investment n trading + loan from my mother + loan from bank. Moved in with minimal reno n basic Cavenzi furniture, rented out the master room n mid sized room...


2010 - Bought second property, 1120 Park Avenue, it was the HOT n affordable, so called high end flat at 265k. I shared name with my brother as we both wanted to invest, but lack of cash & borrowing capability, by joint name, we secured the loan. btw, we applied few banks, only one approved.

At the same time, I realized that I had to somehow increase my income to increase my borrowing capacity. Took some professional certs n started to job hop, by the end of 2011, my package was around 5k.



2012 - Getting some side incomes, played around with 0% credit card balance transfer etc etc, nothing much to shout.

2013 - This is the year of reaping of what was sow
- Planned to refinance my first condo, as the bank valuation is ~360k, but decided against it due to failed to get a loan with early exit penalty waiver.
- 1120 PA is completed, before the VP, I sold the unit to my bro at about 380k (market price was about 400k at that time tho), we will sort out the paperwork next year. He then rented out with our names in tenancy agreement.
- Just before CNY, I bought two units of SOHO in Cyberjaya, for a total of around 550k under commercial title. Managed to get loan by standard income docs, tenancy agreements and some FD certs.
- With package close to 5 figures. Now looking at EkoCheras which is less than 5 mins walk from my condo, the project priced at ~750k, hopefully it works out fine

Think positive, learning, planning and actions are main drivers in my life over the years. 
For a better or worse future, now my debt exceed 1M, and for greater good, it might be 2M in 2014.

I believe can. 5k may just the basic income. Rent out the 1st two property to generate more side income wil do. Or purchase the property w tenancy also help. Many ways..

I believe can. 5k may just the basic income. Rent out the 1st two property to generate more side income wil do. Or purchase the property w tenancy also help. Many ways..

When I applied a loan for a subsale with tenancy, the banks (maybank , CIMB, stanchart)   told me sorry we dont count the property's tenancy. So I dont think 'purchase the property w tenancy also help' is valid.

When I applied a loan for a subsale with tenancy, the banks (maybank , CIMB, stanchart)  told me sorry we dont count the property's tenancy. So I dont think 'purchase the property w tenancy also help' is valid.

My income is less than 4k and I've secured 520k loan. Good repayment record- never once missed and credit card always paid in full before due date. No car loan, no PTPTN. Btw, I still have a gov loan for 3rd property. =)

Excellent. .
I know a dato sifu who conduct training for investment property. How to choose a correct location, timing and price. ifyou interested I can share the info. But is in chinese

Unless they are blue chip tenants such as multi-national corporations, famous companies. Tenancy agreement from existing properties was helpful for me.