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 Loan Compression, For Property Loan

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leodinouknow
post Dec 25 2018, 03:33 PM

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QUOTE(puchongite @ Dec 25 2018, 12:26 PM)
Others have not volunteered anything (yet). Why don't you tell us what works for YOU ? And how do you know it will work for you before you purchase it ?
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go for rental first. have cashflow positive monthly mean have bigger and extra chance to hit jackpot of capital apreciate later on stage. as cash flow positive is is equal holding power
leodinouknow
post Dec 31 2018, 03:27 PM

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QUOTE(David_77 @ Dec 31 2018, 11:31 AM)
Ah... sound reasonable, your reading.

It’s a buy and hold strategy. Hmm... maybe that’s what he meant.
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yeah play safe when you are newbie, dont greedy of that 2set of 90% loan quota. if unable to hold even 5years all effort, cash, time will go inside lelong later. normally capital apreciate never happen after one year, it happen in longer time.
leodinouknow
post Dec 31 2018, 03:44 PM

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QUOTE(morris6660 @ Dec 31 2018, 04:29 PM)
can i get compression , for 5 property then still 90% quota? on one goal
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all 5property also can get 90%, and you will have a lot cashback for rolling business or just as safe guard few years for paying monthly bank installment of that 5unit.

you willing take high risk of course get big reward. normally if sucess flip all 5unit after it vp, minimum cash you earn 1million provided each unit cost 500k upon you buy, and apreciate 150-200k after 5years holding and you only using the cashback amount to pay monthly installment.

but if you failed to flip, your life is finished with 500k x5unit = 2.5m. remember that 2.5m havent add in bank interest and penalty. so dont getting shock you bankrupt with amount more than 5m later
leodinouknow
post Dec 31 2018, 03:45 PM

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QUOTE(morris6660 @ Dec 31 2018, 04:37 PM)
Income tax later will ask why u buy so many property then you paid a little tax?
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tell them one for papa, one for mama, one for myself, and going on...
leodinouknow
post Dec 31 2018, 03:52 PM

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QUOTE(puchongite @ Dec 31 2018, 04:46 PM)
Why you worry ? You only need to prove to them you can afford the down payment for the 5 properties.
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this good info. how about those sucess flip by using compress loan? income tax will go after them? provided when they selling time goverment got charge from earned profit margin already

This post has been edited by leodinouknow: Dec 31 2018, 03:52 PM
leodinouknow
post Dec 31 2018, 04:54 PM

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QUOTE(morris6660 @ Dec 31 2018, 05:22 PM)
got which project worth to compression rite now? for me i think park 2 bukit jalil and sunway velovity 2
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you must just watch adrian wee show?
leodinouknow
post Dec 31 2018, 04:56 PM

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QUOTE(puchongite @ Dec 31 2018, 05:03 PM)
Different stage you prove them different thing.

At purchase, you only need to prove them you can afford the down payments.

Most of the gurus will advocate using rental to sustain it. At sales, then you prove to inland revenue it is indeed the rental income which sustained it.

90% loan the bank interest will be heavy. So you can also justify why you have not declared rental income or your declared net rental income is low.

All in all the risk on the inland revenue side is manageable. The most dangerous thing is what if one or more banks decide to withdraw the loan to you.
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after bank release to owner or developer, still can withdraw from buyer side?

leodinouknow
post Jan 4 2019, 09:49 PM

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QUOTE(icemanfx @ Jan 3 2019, 10:44 AM)
Have you seen or read loan agreement before?
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i believe each time you driving, you will read car manual? each time go toilet wash hand, must read manual how to gosok hand with soap
leodinouknow
post Jan 5 2019, 01:53 PM

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QUOTE(warface @ Jan 5 2019, 01:03 AM)
option 1 and 2 need to see property live longer or you live longer dy  tongue.gif
buy 1 okie la, if compress many units.. can u imagine?
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well, someone go casino prefer play baccarat, win or lose easy game. some others play roullete 36+0 number to buy, harder to win but the reward is bigger
leodinouknow
post Jan 16 2019, 10:56 AM

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QUOTE(freedom8901 @ Jan 16 2019, 10:24 AM)
That's right, all 6 are subsales going for compression and markup. Initially I going for 4, then got kangtao from my lawyer partner on a few leftovers completed developer units offering huge rebates to clear off their stock, hence:

1. Two around Shah Alam (Developer Sofo units, VP tongue.gif  this month or after CNY)
2. Two around Seri Kembangan (Medium cost apartment, VP around April)
3. Two around Sunway (Medium cost apartment, VP around July)

Total 6 loh
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you can open class already. better than adrian wee
leodinouknow
post Jan 16 2019, 02:51 PM

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QUOTE(freedom8901 @ Jan 16 2019, 12:11 PM)
Current promotion 1999, offer valid for today only. One dragon service help you compress 6
All 40% below market, oishiiiiii drool.gif
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1999 so cheap, adrian wed charge start from 6k-8k
leodinouknow
post Jan 16 2019, 02:53 PM

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QUOTE(freedom8901 @ Jan 16 2019, 12:51 PM)
If you got 6 such units with your criteria and the price tag, i should call you sifu first
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that is goldlike mode already, not sifu anymore
leodinouknow
post Jan 17 2019, 01:48 PM

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QUOTE(freedom8901 @ Jan 16 2019, 04:10 PM)
I newbie ma haha, joking la later got people report my post say I selling course cool2.gif

You went his course? I went preview he selling 4k+ buy 1 free 1
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no la, but got see his free video as reference. what im doing is $0 get the property, same as what you doing currently, just i didnt cash out the additional money. and doing one by one, not compress it. still on process learning too especially on tax reduction and rental income part.
leodinouknow
post Jan 18 2019, 08:23 PM

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QUOTE(AskarPerang @ Jan 17 2019, 04:48 PM)
As he mention, no cash out. Meaning he mark up the cost to cover the 30% dp. And need to have rental income before able to increase the DSR back again to purchase another unit.
Is the normal way. Long process. Not loan compression.

But unfortunately the window of opportunity is less attractive now since with 5% RPGT in place. Marking up mean you need to bear this RPGT cost. Every 100k is 5k payment to RPGT.
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if owner desperately sell below 30%, 5k is nothing to owner. that my case, maybe jackpot
leodinouknow
post Jan 18 2019, 08:25 PM

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QUOTE(freedom8901 @ Jan 17 2019, 04:10 PM)
You keep buying despite LTV 70%?
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i do not care 90% or 70%, as no down payment or very very low. it wont hurt my pocket
leodinouknow
post Jan 23 2019, 11:37 PM

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QUOTE(trust4you @ Jan 23 2019, 07:25 PM)
😀
What happen if u cannot rent out? How long can u bleed?
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i start with low cost apartment. of course all those risk i got think already before i start, and i think i can bleed 30years without dying. of course wont even think about second property or 3rd anymore, wont put salt to injured devil.gif
leodinouknow
post Jan 24 2019, 07:07 PM

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QUOTE(warface @ Jan 24 2019, 06:38 PM)
low cost at least wont bleed die la. go for middle and higher range very sakit if -ve gearing
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sucess then continue buy buy buy again lo. still got risk bleeding, but at minimal
leodinouknow
post Jan 24 2019, 07:10 PM

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QUOTE(AskarPerang @ Jan 24 2019, 06:53 PM)
Low cost is for first home buyer. Income also must not exceed xxx amount. Future sell back also hard to get buyer that meet that requirement. That is why capital appreciation for low cost wont be high. To further collect low cost property, via lelong is the easiest. No restriction.

If can afford, better go for medium cost property.
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not sure, i think perak not this restrict. planning hold til die de, just for rental cashflow... ya CA feel it wont fly high, may decrease also as leashold 85years left
leodinouknow
post Feb 2 2019, 01:55 PM

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QUOTE(freedom8901 @ Jan 31 2019, 08:11 PM)
Bro you sell at 2007 for 320k, how about market value?
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cant sell at market price one, must lower a bit to attract potential buyer
leodinouknow
post Feb 2 2019, 08:47 PM

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QUOTE(icemanfx @ Feb 2 2019, 08:59 PM)
Unker, you should come out from your coconut shell; the world is greater than kuptong and property is not the only investment opportunity available.
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you suitable invest in those hit and run money games

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