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Loan Compression, For Property Loan
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omega17
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 Apr 24 2019, 05:20 PM
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QUOTE(gks @ Apr 24 2019, 03:15 PM) I think Stacking just a name for refinance/gearing more properties based on rental/below market value. For example 20‰BMV prop u lease to Subhome which earn 8÷ rental yield. You refinance and/or buy more property based the income/cash earn from the property. And you keep repeat the process because the cash flow suppose to cover the acquisition of the properties. Please don’t misleading and over promised if u can’t achieve what u have said. What a joke Subhome give8 % rental yield? They can’t even pay the owner ontime for the Robertson and the private private suite 188. Plus with 3 digit income for feb peak season. Compression loan oledi bad enough Subhome expedite the process by killing the owner faster. |
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TOMEI-R
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Apr 24 2019, 05:23 PM
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Just to note, that whatever funny ideas and methods you can apply to deceive the banks to give you a loan, even if it is not against the law, the banks could still put you under their internal blacklist, which is just as bad as a blacklist or bad record from CCRIS and CTOS.
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gks
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Apr 24 2019, 05:29 PM
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QUOTE(omega17 @ Apr 24 2019, 05:20 PM) Please don’t misleading and over promised if u can’t achieve what u have said. What a joke Subhome give8 % rental yield? They can’t even pay the owner ontime for the Robertson and the private private suite 188. Plus with 3 digit income for feb peak season. Compression loan oledi bad enough Subhome expedite the process by killing the owner faster. Subhome is Michael tan's company. Onlu Airbnb can provide additional yield at today's market. I am sure Subhome use their summer suites as reference with their client pitch |
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omega17
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Apr 24 2019, 05:43 PM
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QUOTE(gks @ Apr 24 2019, 05:29 PM) Subhome is Michael tan's company. Onlu Airbnb can provide additional yield at today's market. I am sure Subhome use their summer suites as reference with their client pitch Subhome cant even able to list in the Airbnb due to poor service and unclean room. Few complaint from guest they being delisted from airbnb They even destroying the rental market in Robertson by renting it out rm2400. If this kind of rental why owner still need passed it to subhome? 40% profit taken. Owner can rent it out themselves and getting higher rental.  This post has been edited by omega17: Apr 24 2019, 05:43 PM |
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gks
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Apr 24 2019, 05:58 PM
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QUOTE(omega17 @ Apr 24 2019, 05:43 PM) Subhome cant even able to list in the Airbnb due to poor service and unclean room. Few complaint from guest they being delisted from airbnb They even destroying the rental market in Robertson by renting it out rm2400. If this kind of rental why owner still need passed it to subhome? 40% profit taken. Owner can rent it out themselves and getting higher rental. It is out it topic but Subhome thougjht they can replicate their success with Robertson. They may have fund and aggresively offer high rental to owners to build economy of scale in Robertson. Either their hospitality management is sxxk or the guests occupancy below their projection. |
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mangoproperty
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Apr 24 2019, 06:29 PM
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QUOTE(gks @ Apr 24 2019, 05:16 PM) It is a fraud... As you deceive the bank based on parallel loan submission for multiple properties where banks evaluating based on dsr without the knowledge of loan submission wirh other banks for different properties. There are many methods out there used to deceive banks... Alright better ask my friend to pull out, later kena jail. Or maybe won’t kena jail. People are teaching it for money profit, I think won’t kena jail. If not, how will people be daring enough to teach. Should be small matter lah. |
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mangoproperty
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Apr 24 2019, 06:30 PM
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This compress thing sounds like jho low. Anyhow, can’t find it on the internet.
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edyek
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Apr 24 2019, 07:45 PM
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QUOTE(mangoproperty @ Apr 24 2019, 06:30 PM) This compress thing sounds like jho low. Anyhow, can’t find it on the internet. If can find on the internet, guru2 semua how to cari makan? |
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tomato people
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Apr 24 2019, 07:48 PM
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QUOTE(mangoproperty @ Apr 24 2019, 06:30 PM) This compress thing sounds like jho low. Anyhow, can’t find it on the internet. Maybe its illegal? |
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BEANCOUNTER
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Apr 24 2019, 10:04 PM
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QUOTE(cutealex @ Apr 24 2019, 03:05 PM) very sad case indeed, but this is a good study... for this particular project/ case:- If the buyer no buiying this property = $0 She bought this property = -1.25Mil debts so you prefer 0 or -1.25mil no doubt, there are some succeed cases but the % is lower, and tough especially in this tough and buyer market. Most of these projects offer huge cash back |
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pokeat
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May 1 2019, 09:51 PM
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Why banks haven't caught those who compressed in Cyber, Kuchai and those who learnt from some guru-guru sekalian ? QUOTE(gks @ Apr 24 2019, 05:16 PM) It is a fraud... As you deceive the bank based on parallel loan submission for multiple properties where banks evaluating based on dsr without the knowledge of loan submission wirh other banks for different properties. There are many methods out there used to deceive banks... |
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David_77
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May 1 2019, 10:18 PM
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QUOTE(pokeat @ May 1 2019, 09:51 PM) Why banks haven't caught those who compressed in Cyber, Kuchai and those who learnt some guru-guru sekalian ? Money.. profit... commission... kpi 😏 |
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Harry_Bobinski
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May 2 2019, 12:32 PM
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QUOTE(David_77 @ May 1 2019, 10:18 PM) Money.. profit... commission... kpi 😏 You're indicating that the banks that have approved these are mainly panel banks? |
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David_77
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May 2 2019, 12:35 PM
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QUOTE(Harry_Bobinski @ May 2 2019, 12:32 PM) You're indicating that the banks that have approved these are mainly panel banks? Was speaking in general. That no matter what the situation is, because of greed (aka money), crazy things still exist. |
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BEANCOUNTER
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May 2 2019, 08:12 PM
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QUOTE(pokeat @ May 1 2019, 09:51 PM) Why banks haven't caught those who compressed in Cyber, Kuchai and those who learnt some guru-guru sekalian ? Aiya one eye open one eye close lah.. If banks wanted to close this back door....not difficult de. When comes to 1st disbursement, just log into borrowers ccris. All is there jor. |
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keneeth111
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May 3 2019, 10:01 PM
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QUOTE(BEANCOUNTER @ May 2 2019, 08:12 PM) Aiya one eye open one eye close lah.. If banks wanted to close this back door....not difficult de. When comes to 1st disbursement, just log into borrowers ccris. All is there jor. but then how when bank already provided a letter undertaking to developer to release the approved loan amount? |
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BEANCOUNTER
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May 3 2019, 10:55 PM
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QUOTE(keneeth111 @ May 3 2019, 10:01 PM) but then how when bank already provided a letter undertaking to developer to release the approved loan amount? read the fine print of loan agreement you signed friend..... banks have all right but no responsibility and care when come to loan you money. if financially you are not able to or foreseen not able to serve the loan, bank can terminate the contract, ask you to top up or other means. |
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omega17
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May 7 2019, 11:50 AM
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New Member
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mangoproperty
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May 13 2019, 10:37 PM
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gld998
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May 13 2019, 11:24 PM
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QUOTE(mangoproperty @ May 13 2019, 10:37 PM)  so when wanna lelong cheap cheap!! The reason why the prices were marked up was because of the cash rebate. The cash rebate is not free money. You are taking on a 30-year mortgage for a property with an inflated value. The monthly instalment for a RM1m property on a 30-year mortgage ranges from RM5k-RM7k. You own this debt, no one else. |
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