Wow, something new to learn, can teach? Don't mind to pay you %.

the calculation is wrong.. because bank only borrow money if provided the first property is inflated lets said from 200k to 400k in market value base on bank evaluation. because if the flipper unable to pay the loan.. bank can lelong the 2nd house with value [540k - (30% x 540k) ] = 378k and then 1st house... actually the flipper already sell the 2nd house before bank lelong it. in another word, we call it refinancing the 1st inflated property to buy the 2nd property and no base on rental income in 1st propery. rental is just supporting income for the payment capability.
 

U know got malaysian ppl declared bankrupt in malaysia but still can drive big car big house in china n Indonesia ?.
Some more can come bk though KLIA.
WHO? My friend lor. He bankruptcy before 30.

At least investor got money invest mah. Lu want invest oso bo

Please read the following link.
You might be interested to read this as well:-

http://www.starproperty.my/index.php/artic...banks-part-2-2/

Bo bian.. I nevet benifited pre 2010.. enough money buy for stay.. flipping these ting need to take OD lah dis lah dat .. debt maximasation manyak pressure.. I professional work di pressure... haiyo..

I know wat u want to say since you not good or half dead .. why not try ur luck  like you maximise debt and invest..

I got a piece advice for that

" everyone know life is Short..BBW  ADVICE is DONT MAKE IT SHORTER"...

Aiya nth so earth shatering about.. apply to court.. ask for exemption to travel.. pay money sin to ur creditors... and importanly politely talk to bank officer..they reject still jialat.. but still bankrupt but can travel

Other than this... it is bolehland anyway.. anyting goes..

Please read the following link.
You might be interested to read this as well:-

http://www.starproperty.my/index.php/artic...banks-part-2-2/

Seriously don't play play on bankruptcy. It's a damn serious one. Although you can apply to travel, its up to the court's discretion to grant you leave. And I know that if the travel is necessary only the court will grant. If not, forever stuck here and forever have to pay off the debts.

I think u better confirm with the real bank loan officer. Coz I know CIMB calculation is the best oso can not offer so good package.

That y, funny ler. My friend bankruptcy still can come bk during CNY.

Well it's up to you to believe or not. In the end, I have already explain it quite detail.
Come back from where? And where is he declared bankrupt?

With 7%+ rental yield and positive cash flow, Gunalan sure can buy 500 more of these properties.

Bk From china. Bankrupt in Malaysia.

Came back thru underwater passage? Fly to haadyai, then take the border crossing by paying bribes? 

I think u better confirm with the real bank loan officer. Coz I know CIMB calculation is the best oso can not offer so good package.

I beg to differ, u talking about 70%.. Wif CIMB u can get even up to 80%..

It depends on ur net income n if it's high enough bank has no issue in going up to 80%.. OCBC is known to give up to 70%..

It's up to u if u want believe it or nt but tats wat exactly I was being informed since im in the process of checking my loan eligibility, as im eyeing for a new launch wic wil b launched soon..

Loan approve based on 57% of nett income?. Really ?.

Total commitment (Car + other hse loan + CC + personal loan) up to 80% of nett income.. for my case YES..

I asked the person on how they calculate it n he told me, if u r status is "single" then they will set a value on ur daily expenses wic is around RM 30 (Only applicable if u r single) x 30 days = RM 900 + few hundred for something else.. so tats the minimum amount tat u should have from ur nett income.. feel free to get in touch with any of ur banker frenz to confirm it..

Ok Tq will talk my banker again
Coz my bank told me is monthly installment should not more than 30% of nett income
N for self employed only 20%