Assuming property around 500-1mil, then average to 70k each unit.

> 400k cash for 6 units.

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

Maintenance is less than 200 each unit, I put it as worst case scenario "touchwood" I need fork out extra 400 per month for god knows what reasons

80k EACH unit.....round of applause?

It did crossed my mind to just cabut to another country. .  ..XD

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.

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.

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?

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.

How about the value now after another 10 years?

https://www.propertyguru.com.my/property-li...nda-tan-1449503

abt 700k.

Very inspiring story. I am sure many who live through property boom 2006—2012 wishes they could buy and leverage more.

Unfortunately feel sorry for those who do loan compression 2013—2017.

The market for high end condos started crashing right around 2014  starting with the rentals and then the price started falling especially in MK and KLCC. Most investors started pulling out or parring down their holdings by then.

But those sifu (estimate age around 40 years old now) predict that in his lifetime, will experience at least one more time of such property bull run.

All just base solely on past experience. Last 20 years got 1 bull run. So next 20 years will have at least another 1 bull run. No further reasoning why. Just saying base on simple logic.

Betting on btc? Surprise this statement coming from our respected icemanfx. Indeed i am more conservative on investment.

My view is never bet on something that you cannot understand and have no control.

Wat can v expect fr a fun minizer who insisted on fund forex n now coins

what he wanna say? to those already jump in purchase few unit, prepare some cash tahan the storm, while for the first time buyer ini kalilah should buy although got storm ahead?

wait then wait together. chiong then chiong together.

In a way, yes. But it depends on all the auction fees, agent fees, misc considered (I think a few rounds of auctions have been held already)

Any property bought before year 2010, owner will still make profit even if sold via lelong price today.

However after 2010, especially if bought during property peak price in 2013-2014 will be another story.

Lol. People have doubled or tripled their purchase price and you still talk about pathetic interest to the bank... are u having some kind of mental trauma from missing the bull market?

If loan covered by tenant, get +cf some more, low downpayment, price already increased, why have to think about inflation/interest etc?