Investment 5 Strangers Purchase a 700k property, Is it feasible?
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 May 1 2016, 08:08 AM
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#1
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Senior Member
868 posts Joined: Sep 2009 From: douchistan, pekopon  
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Will this work ?
1. Setup a co. sdn bhd 2. 5 are director of the co. 3. Buy the prop with the co. The foreseeable challenge would be getting loan under co. to buy the property. |
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May 2 2016, 02:13 AM
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#2
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Senior Member
868 posts Joined: Sep 2009 From: douchistan, pekopon
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QUOTE(danieln @ May 1 2016, 08:19 AM) it cost you a few thousands to maintain a sdn bhd per year. unless one of the share holders is a qualified accountant & company secretary that agrees to do it free or super cheap. It would be worth the cost, rather than risking fallout between the 5 individuals.but then if the house is under company then need to check what are the fees & tax rate, it might be much higher.  Should there be any dis-agreement among the 5, it can be settled within the sdn. bhd. without affecting the property ownership, since the property is under the co. That's just my 2 cents, unless we are looking at significant return and also picking up additional property down the line with the same co., the cost and hassle may not worth it at all. ZapZapk wouldn't investing in REIT better and more hassle free ? |
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