I am a ACCA student from  TARUC , Setapak. Last week, I went to a kopitiam for breakfast with my bf and heard someone next to our table were discussing property stuffs. "Accidentally , I heard some of their discussion....they are couple and the female was planning to buy a property with her bf at Puchong.

But, they have some debate about it. The case was the woman wanted to invite her immediate sisters to join the "party" and they will sell the property after 5 years or once it appreciated to 20% over the original price. The guy seem have a lot of concerns about this. After that, I quickly finish my plate and pay the bill, as worrying my bf will....
I understand a lot of news and experts saying that 2016 is the good opportunity to purchase a property in Malaysia. All of us want to be part of the "party member", including me of course. I wonder what kind of challenges would a group of 5 peoples( family members or strangers) face if they are going to purchase a property and have drafted an agreement to sell it after 5 years or once other conditions have been met?

1) Loan approval?
2) Loan installment?
3) and what?
4)
5)

Ya, you guys are right and I quite agree with you .I have thought of that, the risk of default and  so on. Of course, I do not mean buyers are students. It's a group of 5 adult who earn RM 4 k or above a month.
Non-technically speaking, if I am wrong or if it is not feasible, please correct me . IF there is a legal agreement was set at the outset and lay down all the condition to tackle all the possible risk. For example,

1) If anyone of the member don’t contribute their share of loan repayment for 3 month over the total period of loan repayment, the fella would have to “out of the party” automatically and immediately. He/she can sell “his share of the property” to someone at the amount of he/she had paid or below/ higher than that amount. The person can be from the “insider of the party” or “outsider of the party”.

2) For sure, in order to be the member of the “party”, we would have to filter the applicants’ ability to pay.
3) Agreement also set the rental of the property must be used to pay the loan instalment.
    a) The rental amount is set at the market value and would be increase 2 % from years to years.

4) The shareholder couldn’t or could stay at the property provided he/she pay rent.

5) The agreement also laid out the condition to sell, for example :
a) sell the property once it appreciated to 120- 150%
b) sell the property when the shareholder reduce to 3 people
c) sell the property after 6 years  no matter whatever the price
From the technically point of view [legal side and the bank (i.e., loan transfer?)],

6)is it possible that an agreement is set to override the S&P agreement for including all the above condition? And,

7}what is the other risks that might cause this investment to fail?

hahah.Is troublesssssssss.

Ya. I know property is not the only investment opportunity. But , from the conversation I heard  and I figure out everyone want to invest in property but they are not able to do so individually. Therefore , I try to figure out is it possible to carry out as what I mentioned and what kind of challenge I would face.

Btw, any other good lobang to recommend?