QUOTE(genius100 @ Jan 25 2014, 12:30 AM)
I would like to seek your suggestions. I already got few loans from banks up to maximum and banks mostly will not approve my new loan application. If I quit my boring job now, I will able to get RM2m cash. I don't plan to find new job anymore or setup my own company. How should I continue to invest in properties without full time job income? fyi, I don't have passive income due to current loans are all under construction projects. Thanks.
Are you early 30's?
Since you decide to quit yr job, and you need to invest property to sustain yr future expenditure, my advice to you is become a property negotiator.
Advantages :
1. Buy / Sell / rent yr property without paying agent's fees
2. Gain better property knowledge, involve in daily tradings will boost yr sensitivity 5X compared to books / talks
3. Can manipulate yr salary to get loan
In short, you need to be firm to make such dicision, property investment is just another investment option, it will make rich, it will burn you gao gao. You really need to hv good mkt coverage and knowledge
As linkor tk said, GOOD LUCK!!
P/s : I am not soliciting, I dun recruit agent
This post has been edited by UFO-ET: Jan 25 2014, 10:06 AM