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.

I want to be like AW, compress kaw kaw. Fully utilize it

I have attended, it's worth the price. There may be things that you already knew but you dare not try, 13 effects to help you select the right property etc. overall it is good knowledge.

AW Is so great because he has his network which is most of the mentors/lecturers out there don't have. One thing is that the way he differentiated IHC and Sdn Bhd is flawed, IHC is one kind of Sdn Bhd anyway

whats the possibility of banks found out bout the compressed loans and take action on it? does it mean you will carry the risk for prolonged duration till you offload the property down the road?

if owner desperately sell below 30%, 5k is nothing to owner. that my case, maybe jackpot

As long as loan repayment is current, bank would close both eyes.

i do not care 90% or 70%, as no down payment or very very low. it wont hurt my pocket

😀
What happen if u cannot rent out? How long can u bleed?

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

low cost at least wont bleed die la. go for middle and higher range very sakit if -ve gearing

This post has been edited by warface: Jan 24 2019, 05:38 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.

sucess then continue buy buy buy again lo. still got risk bleeding, but at minimal

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

yup true also. but i think low cost is very hot in the lelong market is it?

Yes. Some hot units investor willing to bid above market price coz lelong is the easiest way for investor to collect low cost property.

cos of the competition ya. some one will go over their head whne competition is high and die die wanna win the bid

Another latest video from this sifu.
No idea what he is talking about but I can guess he is encouraging that person to compress few units 600k property.
Good luck to him.
I will see him in lelong few years later.

a few units totaling 600K or a few units with each around 600k?

if it's the latter, good luck to him for listening to the gulu.

600k per unit.
4 units of 600k price property.
Total 2.4M debt + refinance the current house as well.
So close to 3M of debt. Must do it in one shot.

This is financial suicide. This guru is ruining people