UUU, BBB, leverage, leverage, leverage, YOLO

This loan compresion method cant work anymore if u dont have sufficient fund in your pocket. RIP to many house investor.

Cash back can sustain up to 2 years.

Agreed two years. We are heading to recession. Many things can happend.
Tenant cant pay rent will also cut the two years holding power.

Haha, advice taken.

In a slow or depressed market, foreclosure sale of a handful number of loan compression investors in a particular place could send the value tumble.

Judging from many poorperly guru lifestyle and ongoing promotion, their number of students/herd member wouldn't be small. Mean there will be many more foreclosure sales of loan compression units to come.

If these are not subprime loan what is?

This post has been edited by icemanfx: May 3 2020, 07:15 AM

Newbie here, I want to ask the seniors here, how buying property with 90% loan can be profitable when the initial cost is so much, factoring in stamp duty, legal fees, insurance, etc. When we sell the property after 5 years given the Rpgt tax will be 5%, and all the bank interest incurred during the 5 years, paying penalty early loan settlement. Furthermore, property price supposed to be increase 8% per year, but the after checking property prices, it does not seem to happen in many current properties. So, when I sell the house in the 6th year, I will be at loss. Hopefully, someone can guide me, thank you.

Its 2020 and we are in the midst of a looming recession and there are still people thinking about loan compression? Lol

This post has been edited by TOMEI-R: May 3 2020, 11:11 AM

Macam illegal tapi legal

bro askar, is the volume of lelong increasing from early this year till now? foresee more volume to enter due to mco ka?

Bad bad times indeed !

Curious to know too.

Loan moratorium delay or stop stressed borrowers tipping into loan default. However, if these stressed borrowers cash flow still don't improve after loan moratorium, could expect a rise of loan default.

This post has been edited by icemanfx: May 3 2020, 06:11 PM

Many are quoting the profitable flipping from 2008-12 where range of gross capital gain can be from 30-200%.

This is where many are sucked into loan compression scheme where they expect the property can be flipped for handsome gain. However this is no longer the case, post 2014.

Not able to tell yet as since MCO started, all auction also got postponed as well.
We shall see again after MCO lifted and banks list back those units + new units into the market.

You need to have cash that can sustain your total compress loan pain for at least 5 years - state’s quo from AW ;@

i got 8 figure cash on hand to sustain my properties you know? lol

The reach and verve suite, how much yaa?

Reach 729k, 1733sqft.
Verve OKR got few units available. Cheapest is at 450k, 704sqft. Previous transaction in lelong similar size unit all sold above 500k.

Too small for Verve... The Reach maybe can see see