just saw ur post about the event, thanks.

Your car loan is killing you big time. Try to refinance it? That's the only way, I think. Even if it's rented out at RM700/month, banks only take 80% of it for their calculation.

The best way to go about it is a full settlement for your car. Then, you will be able to take on a new loan.

DSR = RM2,300+RM802 / (RM4,000+ 0.8*RM700) = 68%

Here, I'm assuming your net income is RM4k. And for your rental, you will need bank-in proof, besides the stamped copy of the rental agreement.

Thanks bro

Thanks bro. Appreciated

Who do you hear from "his company will invest RM10m per year at least" ? A check to ROC he has 8 companies. 4 are enterprise, 4 are sdn bhd. Of the 4 sdn bhd, 3 are making losses based on the latest filing to ROC. The other 1 sdn bhd did not file any return. The biggest company of the 4 has assets of about RM5.5m against a debt of RM6.0m. Others are small companies. Maybe I will attend his talk and see what he has to say

Pls ask

great work.. thanks for sharing. That's how he can invest, some tips he may share. If there is seminar we attend together..

cheers, bro.

Thank you for sharing this. But it seems that this is rather hard to believe. Before he can even invest this RM10mil/year, he has to earn it, right? Money can't just drop out from the sky. And I'm assuming since he is into real estate, the money that he makes is also from there? Given a conservative 10% yield (which is a significant return!), that would mean his company would need to have properties worth RM100mil to enable him to generate the profit of RM10mil every year!

If his company has properties worth that much, trust me, he will not be doing what he is currently doing, giving talks.

LOL. I like the way how you have sniffed deep within and got your hands on all this info. Really great info! Thanks very much for sharing. I've always preferred white & black, reported figures, as compared to flowery sentences from the mouth.

This post has been edited by DrPitchard: Oct 17 2013, 11:28 PM

Tok show is usually the speaker tipu audiences. B4 u start learning any so called trick, the speaker oledi suck away ur $$$. It's beta to try out some investment by own self. Experience is more valuable.

Taiko Giggs can give us some useful advice? or share some experience here? That would be really helpful

Mahal lor..

can housing bubble affect newbie investor? i dont really understand how can low interest rate for housing loan early 2009 can cause this bubble to happen (speculation from some guru). i guess when bubble occur there will be increase in interest rate for the loan. house price decrease with increase loan rate. is that a good thing or just BBB now bcoz low interest? (wondering if my question is correct or not)

May be giggsy boss can arrange talk.. We go support

Boss, I blow water gd la.

If trading company, then easier to commit fraud to bluff LHDN. Just don't report enough sales and you can run away with zero tax. Unless LHDN come and check, then you also cannot run away when they see your bank account

But for real property, ownership is recorded in government department. A printout will know how many properties you have already. If you own 20 properties and still don't pay tax, then something is very wrong.

If we have 5-6 properties, we can register using our sibling's or children's name to run away from tax. But with rental of >RM10m a year, unless he has 200 siblings and children ? Most of us here who own property and have rental income should know it is damn hard to avoid tax

If he make RM10m a year and still can report losses and avoid tax, he should instead give talk on how he do it. I am willing to pay RM10000 for his course so I can save my tax payment

In biz a bit different. Lhdn comes checking every 5 yrs.

Don't want to put down or insult anybody here, but this is certainly not the way it works or even anything close to it. Any registering a property under family members name won't help either, as the source of funds can easily be tracked.

On a seperate note, I think you're missing the point on the reason why I brought up all those figures and calculation in my earlier post. As forumer Giggs pointed out, a large majority at such talks are just blowing water only, blowing their figures out of proportion in order to convince their audience. The best part is how many people actually walked out after the talk, feeling totally convinced of what the speaker has just presented on.

+1

but still many people are blown by water ... haha ... everyone happy when come out from the talk ma~

Haha broken england ok boh. Btw I cant speak. I onli tok kok. Haha