Impressive.
Property Investment Strategy, tricks n magic
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 Sep 30 2013, 04:06 PM
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#1
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Junior Member
208 posts Joined: Aug 2013 
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Oct 4 2013, 10:03 PM
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#2
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Junior Member
208 posts Joined: Aug 2013
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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? |
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Oct 16 2013, 11:30 PM
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#3
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Junior Member
208 posts Joined: Aug 2013
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QUOTE(investz @ Oct 16 2013, 11:14 PM) Many ppl here talk big. Earned a salary of RM5k can have 3 property It's possible with joint venture, low down, zero entry... 100k also property, 1 mil also property.    |
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Oct 17 2013, 10:19 AM
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#4
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Junior Member
208 posts Joined: Aug 2013
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QUOTE(investz @ Oct 17 2013, 09:30 AM) Bro, not I don't want to believe. But how the bank can approve the higher loan with only RM5K income? Like bro kidmad mentioned, refinance is double edge sword. You can refinanced with current property to get cash for new property down payment. Yet, is your current income justify for these two loan? 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. =)I agreed some P&C or "sensitive" tactics can use in applying loan. But that still have limitation. And, don't forget, income tax will comes to you sooner if too obvious. I wonder can RM5k income the bank can approve more than RM500k loan if the owner have liability of other loan like car, credit card and PTPTN? |
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Oct 17 2013, 10:35 AM
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#5
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Junior Member
208 posts Joined: Aug 2013
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QUOTE(phengeon @ Oct 17 2013, 10:34 AM) 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.. +1 |
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Oct 17 2013, 11:12 AM
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#6
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Junior Member
208 posts Joined: Aug 2013
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QUOTE(beautiful.life @ Oct 17 2013, 11:08 AM) 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. Unless they are blue chip tenants such as multi-national corporations, famous companies. Tenancy agreement from existing properties was helpful for me. |
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Oct 17 2013, 11:23 AM
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#7
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Junior Member
208 posts Joined: Aug 2013
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QUOTE(investz @ Oct 17 2013, 11:17 AM) How come double standard ?? quota full is the bank's part leh... not your fault also.. go for other banks... more than 10 banks available.- Salary <RM5K - Last two years borrow a housing loan of RM180K (now still owe RM160K). The house occupied with tenent. - Car loan RM60K (next year Aug finish) - Never late of credit card, car and housing loan monthly installment (housing and car got credit access in a/c) Currently apply RM600K loan ---> REJECTED due to quota FULL |
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Oct 17 2013, 01:50 PM
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#8
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Junior Member
208 posts Joined: Aug 2013
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QUOTE(yltoh @ Oct 17 2013, 11:21 AM) Wyen was that? Many years back or recently bro? Last month. D rental of my existing property was taken into consideration. |
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