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 Loan Compression, For Property Loan

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BEANCOUNTER
post Jan 15 2019, 10:29 PM

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QUOTE(aaron1717 @ Jan 15 2019, 10:25 PM)
yea... VP professional term ma... depends on who using it aje... no need emphasize on it so much bro...  laugh.gif  laugh.gif
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But we are talking about an investors language....

Not a lawyers language here
aaron1717
post Jan 15 2019, 10:30 PM

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QUOTE(BEANCOUNTER @ Jan 15 2019, 10:29 PM)
But we are talking about an investors language....

Not a lawyers language here
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maybe itu investor like to use lawyer lingual... laugh.gif laugh.gif but quite sure he memang wanna compress subsales unit... studios nearby sunway forgotten wad name....
BEANCOUNTER
post Jan 15 2019, 10:34 PM

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QUOTE(aaron1717 @ Jan 15 2019, 10:30 PM)
maybe itu investor like to use lawyer lingual...  laugh.gif  laugh.gif but quite sure he memang wanna compress subsales unit... studios nearby sunway forgotten wad name....
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Ok
No problem. Subsale subsale loh....

Money in his pocket not mine.
aspartame
post Jan 15 2019, 10:49 PM

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QUOTE(BEANCOUNTER @ Jan 15 2019, 07:21 PM)
freedom8901

Jan 4 2019, 12:46 PM
Post #320

Can't wait for my 6 units compression VP, two coming soon this month with 6-figures cashout. Wish me fat piggy year!

Would you use the term 'vp' for subsale purchsses?
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Afaik, vacant possession means the unit is unoccupied and ready to move in. It does not mean the unit is vacant like no furniture and fittings etc. And, it is used both in new and subsale.
freedom8901
post Jan 15 2019, 10:50 PM

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QUOTE(BEANCOUNTER @ Jan 15 2019, 03:34 PM)
maintenance fee less than 200 but you bump up to 600??????

you are either a very conservative accountant or a super smart salesman.

i will avoid like a plague for any project that offer 'cash back' scheme. there is only one reason developer gives cash back....that is their selling price is way over market price and they cant reduce the price to sell, therefore they gave 'cash back' to buyers as incentive to move these units with original unattendable SPA price.

Verdi is one great example.......and there is no surprise that verdi was named the honour of top 5 most lelong units in klang valley.
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I am kiasi and kiasu, so I rather prepare myself to face the unpredictable deficit than being overly optimistic.

By the way, my units are all subsales. I don't believe in project unless bulk buy
pokeat
post Jan 16 2019, 12:29 AM

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Any compress expert from bank here ? I need help. I have a lot cash out projects i.e Jakex's project in Jiu Lai opposite MRT Taman Pertama. 800k for 2-bedder, 160k cash back. I'm considering to buy for my own hmm.gif *Disclaimer: I'm an agent

800sq ft 2-bedroom
Breakdown:-
SPA: 800k
90% loan margin: 3,500 per month of RM720,000
Cashback: Approx 160k
Renovation: 40k

Balance cashback: 120k

Breakdown
Airbnb for 3-bedroom: 5k during in Dec(peak season) 7/3 profit sharing with host after deduct utilities(water, electricity, and internet)
ven my negative cash flow is -1k, I can tahan 160 months, or 80 months with conservative ? Resell when bank value back to 720k to breakeven my loan amount.



Hit me: https://api.whatsapp.com/send?phone=6014390...cashoutprojects
freedom8901
post Jan 16 2019, 09:24 AM

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QUOTE(BEANCOUNTER @ Jan 15 2019, 04:41 PM)
you need to re read what he posted again....

all 6 units will get cash back same time...…..

unless he bought 6 subsale units in one go, all go for loan compression, all go for mark up...….
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QUOTE(AskarPerang @ Jan 15 2019, 06:01 PM)
Re-read back again. Still come to conclusion is talking about subsale property.
Initially thought is 4 units at a go. But if 6 is really impressive.
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QUOTE(aaron1717 @ Jan 15 2019, 10:02 PM)
this guys is talking about subsales wor... i rmb its about a property near sunway there one... also VP got used in subsales as well... alot of my frens' lawyers who bought subsales also used this term before key handover....
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QUOTE(aaron1717 @ Jan 15 2019, 10:30 PM)
maybe itu investor like to use lawyer lingual...  laugh.gif  laugh.gif but quite sure he memang wanna compress subsales unit... studios nearby sunway forgotten wad name....
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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

This post has been edited by freedom8901: Jan 16 2019, 09:31 AM
freedom8901
post Jan 16 2019, 09:26 AM

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QUOTE(pokeat @ Jan 16 2019, 12:29 AM)
Any compress expert from bank here ? I need help. I have a lot cash out projects i.e Jakex's project in Jiu Lai opposite MRT Taman Pertama. 800k for 2-bedder, 160k cash back. I'm considering to buy for my own  hmm.gif *Disclaimer: I'm an agent

800sq ft 2-bedroom
Breakdown:-
SPA: 800k
90% loan margin: 3,500 per month of RM720,000
Cashback: Approx 160k
Renovation: 40k

Balance cashback: 120k

Breakdown
Airbnb for 3-bedroom: 5k during in Dec(peak season) 7/3 profit sharing with host after deduct utilities(water, electricity, and internet)
ven my negative cash flow is -1k, I can tahan 160 months, or 80 months with conservative ? Resell when bank value back to 720k to breakeven my loan amount.
Hit me: https://api.whatsapp.com/send?phone=6014390...cashoutprojects
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What help you need? Help to bulk buy your units?

This post has been edited by freedom8901: Jan 16 2019, 09:30 AM
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
aspartame
post Jan 16 2019, 10:58 AM

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QUOTE(freedom8901 @ Jan 16 2019, 09:24 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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Your 4 units subsale how much % lower than bank value oh? How about 2 units from developer? How many % cheaper than 1st launch price?


aspartame
post Jan 16 2019, 11:00 AM

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QUOTE(freedom8901 @ Jan 15 2019, 10:50 PM)
I am kiasi and kiasu, so I rather prepare myself to face the unpredictable deficit than being overly optimistic.

By the way, my units are all subsales. I don't believe in project unless bulk buy
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U r definitely not kiasi.. u r bo chai si! Ha ha... but buy subsale at huge discount is ok la...
freedom8901
post Jan 16 2019, 11:11 AM

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QUOTE(leodinouknow @ Jan 16 2019, 10:56 AM)
you can open class already. better than adrian wee
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Current promotion 1999, offer valid for today only. One dragon service help you compress 6

QUOTE(aspartame @ Jan 16 2019, 10:58 AM)
Your 4 units subsale how much % lower than bank value oh? How about 2 units from developer? How many % cheaper than 1st launch price?
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All 40% below market, oishiiiiii drool.gif

This post has been edited by freedom8901: Jan 16 2019, 11:12 AM
aspartame
post Jan 16 2019, 11:37 AM

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QUOTE(freedom8901 @ Jan 16 2019, 11:11 AM)
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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40% below market? Are you referring to subsales that just VP recently from developer handover or subsales in mature neighbourhood/condo? If got such good kangtau, please PM ya. Will pay referral fees. But ONLY for established matured market subsale ya, preferably freehold landed, condo will consider MK/hartamas/KLCC/PJ area.. tongue.gif not those sibeh far area

If got 6 such units..then might consider a crash course from sifu first.. tongue.gif

This post has been edited by aspartame: Jan 16 2019, 11:39 AM
freedom8901
post Jan 16 2019, 11:51 AM

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QUOTE(aspartame @ Jan 16 2019, 11:37 AM)
40% below market? Are you referring to subsales that just VP recently from developer handover or subsales in mature neighbourhood/condo? If got such good kangtau, please PM ya. Will pay referral fees. But ONLY for established matured market subsale ya, preferably freehold landed, condo will consider MK/hartamas/KLCC/PJ area.. tongue.gif  not those sibeh far area

If got 6 such units..then might consider a crash course from sifu first.. tongue.gif
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If you got 6 such units with your criteria and the price tag, i should call you sifu first
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
*
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
freedom8901
post Jan 16 2019, 03:10 PM

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QUOTE(leodinouknow @ Jan 16 2019, 02:51 PM)
1999 so cheap, adrian wed charge start from 6k-8k
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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
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.
icemanfx
post Jan 17 2019, 03:00 PM

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QUOTE(leodinouknow @ Jan 17 2019, 01:48 PM)
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.
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Your cards is reviewed.


freedom8901
post Jan 17 2019, 03:10 PM

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QUOTE(leodinouknow @ Jan 17 2019, 01:48 PM)
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.
*
You keep buying despite LTV 70%?

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