Started working at the age of 19 means one yr after spm? Really impressed by the way u struggling thru ur career n how u invest. Tx for sharing bro!
Property Investment Strategy, tricks n magic
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 Sep 30 2013, 11:05 PM
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376 posts Joined: Mar 2008  
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Oct 17 2013, 10:34 AM
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#2
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376 posts Joined: Mar 2008
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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? 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 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, 01:06 PM
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#3
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QUOTE(nakedtruth @ Oct 17 2013, 12:18 PM) yea..i got a friend 5k income own 3 props.. one of the prop is sustain with rental... actually, i own 4 properties when my salary was <5k few yrs ago (take home roughly 4.2k). One is own by me alone & other 3 jv w siblings who has similar income like me (<5k). The total loan for my portion alone dat time was 700k. Of coz im not buying all 4 in one time but one after one. I go to the same banker which i think dis may help as well. So i think the key is to rent out ur property 1st, keep gd track for ur loan, gd relationship w banker.as long as you can get enough down payment.. This post has been edited by phengeon: Oct 17 2013, 01:10 PM |
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