property flippers come in
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 Jan 13 2016, 11:07 AM
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#1
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Junior Member
234 posts Joined: Oct 2011 
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because flipping is an art of squeezing as much value from your money as possible.
1mil can buy 6-7 condos (Rm500k) paying 150k downpayment. flip each unit earn rm50k = RM300-350k. 1mil buy cash 2 condos (RM500k), after flip only earn rm100k. big difference! of course, you must be able to get the loan for the 7 condos in the first place. which was why they set up these investor clubs/investor groups. |
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Jan 13 2016, 11:08 AM
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#2
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Junior Member
234 posts Joined: Oct 2011
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QUOTE(xtylish @ Jan 13 2016, 11:05 AM) but i just got a huge housing loan last few months. u not get 90% for first loan?i am no longer buying first property. anyway, the only perks is that first housing loan can get up to 80% right. other than that? nothing special?  |
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Jan 13 2016, 11:10 AM
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#3
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Junior Member
234 posts Joined: Oct 2011
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QUOTE(Joe Kreutz @ Jan 13 2016, 10:58 AM) hahaha... ts, i like this avatar. luls... pukul buntut. http://www.iproperty.com.my/propertylistin...ma-flat-forsalebtw, where can get 25k - 50k flat anymore? i also want.. bukit mertajam. a simple search can find u lots of flats under 50k  |
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Jan 13 2016, 11:11 AM
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#4
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Junior Member
234 posts Joined: Oct 2011
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QUOTE(xtylish @ Jan 13 2016, 11:10 AM) i think 80% only. oh means your income can't get the 90%… 1st n 2nd property can get 90%.. |
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