1.) Is this a good way to invest in properties?

2.) Does property guru promoting this method favours their own interest or your interest?

3.) Is this lawful?

4.) How much they earn from promoting their multiple loan submission projects?

5.) Name some projects that are exposed to these type of investors.

This post has been edited by klproperty1234: Jul 31 2017, 12:43 AM

Hearsay the good old days of such method will be over soon. This loophole will be closed soon.
Mark up loan and multiple loan submission normal practice for ppl to get many properties at 90% mof. Doesn't matter which projects. you can even submit loan application to bank for different projects but all around the same pricing.

This is not close soon. It is closed. All the bank loan agreement attached with undertaking letter regarding this issue. Fail to comply are subject to reduction loan margin or void of agreement. If you signed both agreement SPA and LA but eventually bank cancel your loan due to this issue... then bye bye to your deposit paid.

Do you have an example of the letter?

Do agree on the risk of having issue with the banks, that would be one of the risk. Another risk that should be highlighted is the investment risk/ repayment. They can project a wonderful exit plan for you, but what if it doesn't materialise?

You might also stuck with a project with lots of investors that has multiple unit which they can't afford to hold. And these people they don't buy 1 or 2. They buy 8-10 each person.

And if you buy as a normal investor, you would certainly lose out to them in terms of entry cost. That's because these group buyers get in cheaper (at least 5% extra). You might not want to invest in places with lots of investors with lower entry cost. You'll have hard time competing.

Some of the projects exposed: Robertson Pudu, opus kampung attap, pacific star Pjsection 13.

This post has been edited by klproperty1234: Apr 16 2017, 04:15 PM

Robertson Pudu is a good buy

parking. want to alsoo

You can refer some previous thread comments. It's call declaration letter, I can't really remember it sign attached or separate letter. Whether I got copy or not also can't remember. For sure I had signed for it.

https://forum.lowyat.net/topic/2316697/+20

https://forum.lowyat.net/index.php?showtopi...&#entry52706819

Hi TS u newly reg today wo

Blif u r oso kaki with some gurus rite??? Late got guru attacking guru for tis topic wo. So which side r u actually???

lol ts, ini tactic lama oledi majiam dota 5.84c

In today's market.. rent -ve, over supplies, rumawip competition, no demands.

If you're not ong enough, 1 or 2 of your project delayed and eventually abandoned. Ready to meet akpk ans eventually loyar untuk declared bankruptcy.

Good luck gg.

Most if not all are 2x5. We are on the non-guru side. To prevent the public from getting slashed left right centre. If they wanna help, help sincerely. Don't bullshit others with their hard earned money.

This post has been edited by klproperty1234: Apr 16 2017, 07:49 PM

After attending "classes", ts feel he/she gonna berjaya majiam prop bulu.

Bbbuuu

Wateva stylo they r giving the intention is obvious they just wanna hav a cut

Not rite or wrong. It's biz afterall. Just tat the consequences if bad they ll not lend u even a finger nail not to mention a hand.

Yes, this method tak boleh pakai ady..CCRIS can see P, A and T..if bank see got 2 A then gg.com they can terminate the agreement..10% deposit, loan stamp duty really 88.com

This post has been edited by planc: Apr 16 2017, 08:43 PM

There nothing right about unethical practises, doesn't matter biz ka or not biz ka, NGO ka, mnc ka, Charity ka. If unethical, please f*****g close shop.

This post has been edited by klproperty1234: Apr 16 2017, 10:19 PM

Mind to share which gentleman has make u so angry ga???

Bos what does P, A, T refer to?

Is bank Negara overseeing this matter? Or they have no way to control it? This kind of practise might create artificial demand and it's not good for the market.

Approved but not accepted T
Approved and Accepted A
Pending P

Thank you for the info

Anyone have any friends that failed while trying this stunt ?

Some bank will even check ccris before first drawdown.

maybe slash your margin if found out

Worst is they blacklist you forever can't get loan from them

Financial crime ?

How about the other 2? According to the expert, this three projects is the best best best projects in town. And they managed to secure bulk purchase deal for the best three projects in town. If you talk about other projects, he will tell you all the other projects are sheit. Literally shiet which will make you bankrupt. And these three projects will make double triple in no time.

This post has been edited by klproperty1234: Apr 21 2017, 08:08 PM

Become too greedy like a snake will get yourself busted one day.

Boss show la or hunt who u so tulan with.

No secret in tis high tech world wan la. Onli ppl who willingly wanna be slaughtered ll be conned rite???

Or r u trying to protect someone by condemning another one???

Ur post is concurrent with a post by a self claimed bulu regarding the same topic. Just curious 🤔

I'll disclose the full list of the bankers who are involved in this scam and con job.
Name
Bank name
And phone number.

What these bankers are doing is to work behind the scene and to persuade the credit/ compliance side that these applicants are not doing multiple loan submission. So that the disbursement team will not check when disbursing. So for bank Negara/ Compliance team from the bank.
Please check these bankers and you'll realise most of their clients are breaking the rule. Firstly they possess credit risk to the banks and secondly they are inflating the market and genuine buyers suffers. He will tell you that he is the hero, but in fact he is causing much harm then good. This person has to go to jail. @banknegara #bnm #banknegaramalaysia

Yes Pls. Pls share.

why robertzai is a good buy? location wise not bery good.

Ccris update on 15 of every month, submit all ur loans on 16th and so that there are not records of A/T/P in ur ccris when all the banks print out ur ccris.

Soli missed ur post. Yes kalei Chua ma. Aggressive type. Many invitation for tok kok show ma.

I think not entirely his fault kot. Demand supply tat push him into the dark side of himself. He has chosen the bad wolf rather than the gd wolf. Which guru did not??? Whether they wanna say they r helping or they gently tok the kok show or they earn nothin but did it on gd deed, which one do u wanna blif???

Pien Pien the whole world oso full of suckers wan la. Noone can stop anyone wan la. Look open a bit and stay side line laugh a bit lo.

Gd tat u willing to share. If boss doesn't mind Pls do share more kns. Tqtq

This post has been edited by ManutdGiggs: Apr 30 2017, 08:34 PM

cantik.

previously got replies say the loophole is closed already, totally not possible anymore.
now suddenly say possible, but its a con job.


so conclusion is not working already OR still working, but illegal?

It's never "illegal". If you are caught, then one of the bank will reduce the MOF from 90% to 70% only.

I also not sure why label this as a con job. You yourself need to be blame if you are taking 3 properties (for example) at 90% loan and now struggle to do the loan repayment. Lol.

Zz

This post has been edited by klproperty1234: Jul 31 2017, 01:00 AM

All sale agent the same la. Use saliva to sell only. As long as get their commission. You need to do your own research as well. End of story.

Support. I think I know who already. Some "Guru" who's background is in Banking now becomes expert in doing "Compressed Loan". Really suicidal.

Same guy as above

hmmm. Great to know that

J Lo also sama la

2x5.

you mean that "FR" guy ka?

thought he is one of the best in the market ? someone mentioned in forum..

dunno lah - see that he is quite enterprising wan --seminar, reno , private consultation..sure he is a "crook" ka?

FR I heard through a friend who went for his 1 on 1, she had good things to share about him. Said he's technical at solving problems and encourage her to work within her means. He personally suggested her to buy 2-3 units at a great project to achieve her objective of making money in real estate. She was impressed with FR.

The one I was highlighting is different guru. Chinese one, former banker. Heard from another friend she went for free class to learn about compression loan (didn't learn anything), then pay RM1k + to go for paid class to learn more about compression loan (still didn't learn anything). So pay RM3.5k to go for more advance class and (STILL DIDN'T LEARN anything omg). In the end they said no worries, we do for you and Sifu personally pushed her to buy 3 units of Sunway Velocity at RM700+k each. Mind you ya, her salary only less than 7k.

Siao one. Lucky didn't buy and woke up from her senses.

would she be in profit today if she had bought at that time?

sunway velovity still have alot of vacant units no?

It doesn't matter if she profits or not. She wouldn't know at that moment of time. If she had proceeded, it was speculation. It is gambling.

My biggest concern is she's spending beyond her means. How on earth is she gonna pay back if the place cannot be rented for 2-3 months? Cry also no point. Every night sleep with toes shaking look at ceiling remember bank statement chasing for money already.

Please, invest responsibly.

and accordingly. we must remember the most important thing, no one in this world would like to make us richer. all take-home values and lessons from seminar must be filtered and re-evaluated before practicing it

This post has been edited by num123: May 30 2017, 02:46 PM

i believe balistafear is referring to the residential component rather than the mall, which last heard abt a year ago that it was more than 90% sold and got increased price?

Should be gua. That's all I was told. My stance are very firm against irresponsible leveraging.

At the end of the day multisub/compressed loan is just an option to execute real estate plans. Just because you can do it, doesn't mean you must do it. For those who can afford (got savings, got knowledge and/or got urgent timely to rush) then sure. Those who cannot, try to be superhero and plan to gamble and win big time.. you can also lose big time ya.

Well said.

As mention, multiply loan submission is a loophole that investor utilized. Take advantage to get 90% MOF 3 or more property using their 2nd bullet. DSR sure burst. And if you go for negative cash flow property sure will bleed until unable to hold. Smart investor will go for 3 X at least break even property.

Not Fr

This post has been edited by klproperty1234: Jul 31 2017, 01:01 AM

Anyone can testify and agree that this is a scam? Or you have other views ?

Deleted

This post has been edited by kyo2020: Jun 11 2017, 11:55 PM

People still never wake up..

This post has been edited by klproperty1234: Jul 28 2017, 07:52 PM

Keith Tan, he has helped you doesn't mean he didn screw other people. Don't have to be a Macai.

Actually, I've 'invested' some money to this guru's tok show hoping to learn something extraordinary. Just FYI, the guru has been trained by SR so you know their way of conducting talk show. Basically, they want you to high five each other, hyped up each other that you'll feel you had made the best decision in your life for going into his seminar, and you are on the road to be a millionaire (theoretically, you will own assets over 1Million). Basically, I did not learn much from the so-called loan compression, but if you want to learn more, feel free to top up few thousand more to go for the 1-on-1 session, AND THEN, everything will be pre-plan for you. That's the package.

Cut this short, actually imo, i dont think it is illegal but rather a loophole that some investors have practising for quite some time. Proxy, loan compression and stuff. I have mates that somewhat trusted the guru fully, mind you the mate is having about 6 - 8k gross income, after some calculation the guru actually work out his plan to own 4 properties in one go. (Total investment is about up to 3Mil - Loan Compression all at the same time). Well, of course, this is under the 1-on-1 session which every 'student' has to pay extra just to get the advise and road to become millionaire.

I've stopped visiting the guru after the first 1-on-1, after sensing some pushy moves to ride on their train to get the super profitable project.

If you have a lot of cash and holding power, this plan is completely fine. But for those who are struggling to pay even just one property, I would say, good luck and all the best.

Zz

This post has been edited by klproperty1234: Jul 31 2017, 01:04 AM

Aiyo boss dun liddat la. Why onli catch GC Wat bout other kns self claimed guru or lard???

All tis just con job la. If wanna sapu just sapu all lo. Dev who needs to hire sucker to sell their projects should oso close shop la. Wateva tok they wanna name it it's just not ethical lo.

Oh ya many ll hav excuses to do so. Dun forget the next gen. Any1 wanna con now ll get their juniors conned gao gao oso.

Amen.

Bo gulu=bo lelong popoti=bo chansi cali makan liao wo

when u escalated?

You want to join into the complaint group too? And don't worry it will be protected under whistle blower act 2010, only people inside BNM have our name list.

so end up did BNM take action or the 'guru' still conducting biz as usual?

Interesting...

It is a well known method.
Yes investors all using this to get more than 3 properties 90% loan. Plus buying at below market value then mark up loan can even get cash back.
If without this, confirm everybody will be stuck with only 2 properties.

Oh I didn't know that you can't do this anymore. I think I know of some people who just did recently. I think still can jalan one.

Refer the above posting. Is latest. Yes still can do be done.

One more rate hike this year, twice next year. Many lelongs will come in.

This is subprime.

Foreclosure on newly vped property will be more than most expected.

Sooner or later, many will Kena kaw kaw.

Investing beyond their means is a risky business.

loop hole of the process not the regulation. violate the regulation by abuse loop hole process. illegal or not j?

Just let those experts sink lo. 出来行就要还

Just a matter of when and how. Maybe the next gen ll pay for the sin🙊🙊🙊

Wrote something on compression loans here, I think it might have had an effect on overall property prices.

https://blog.rentandreturns.com/malaysias-p...vesting-secret/

Can you bring this to LGE or Zuraida? These are Diseases.

As of today, this method is still a loophole that is still workable.
Let's see able to last for how long.

Some banks management need to meet quota/target, close one eye and don't check ccris before first loan draw down. believe these banks will be hit hardest later on.

This post has been edited by icemanfx: Aug 13 2018, 11:02 PM

post here to see how many bankrupt here after rate hike in 2 years.

What a fancy name for blind greed

Leverage amplified profits as well as losses. With loan interest rate on rising trend, many could become financially stretched.

Here I share with everyone the best real case example of loan compression / multiple loan submission.

4 units buy sekaligus with 4 different banks.
Now all 4 units in lelong market. All under the same owner.

Noone should ever listened to any guru. While buyers suffer with wrong and unethical tactics, gurus r living lavishly with their comm earned thru the con skill.

人是要靠自己的

This post has been edited by ManutdGiggs: Sep 9 2018, 08:57 AM

At current market sentiment; after auction, the buyer/borrower may ended up with about $1m personal liability. Zis financial standing could be ruined for the rest of zis life.

Believe this trick was used rampantly, expect npl at these banks to climb and a generation of investor ended in doldrums.

This post has been edited by icemanfx: Sep 9 2018, 02:40 PM

oh so fast ?

these days got people declare bankcrupcy a lot ?

Simply listen to property guru blindly will ruin you financially.

Before sh!t hit the fan, this was widely promoted as a good debt.

Basically, blinded by greed on cocr. Wonder how many of uuu/BBB herd members are on this boat.

This post has been edited by icemanfx: Sep 9 2018, 02:37 PM

What is the purchasing price?

serin condo quite ok. well maybe greed too much

No wonder I see so many empty and abandoned houses everywhere. This method can be bad for people who really want to buy first house and own stay (imagine buying a condo and half the tenants there did this loan compression method and failed, not only they will stop paying maintenance fee but the condo will soon go down in management and result it in becoming a shit hole).

anyway to save the shit hole?

No idea, it really depends on the management and community
Are you or someone you know going through something similar?

i getting good deal from shit hole

Loan compression after speaking to a lot of people who have done it should only do if:

1. The possibility of getting cash back is high not 10 to 20k but 30 to 50k range. If stories are to believe some as high as 100k per unit. Once you get the money you are supposed to renovate the place and rent it out as rooms. Alternatively I met this very smart commodities trader who used his 200k cash back from several loan compression deals to invest in silver. He made a ton of money but brains like him are only 1 in 10,000 we are all probably not like him.

2. It is an alternative way to raise business financing.

3. Do it only for HDA properties

4. Not advisable for those in their 20s. Better if you are an experience investor who already has 2 or 3 properties

5. Note though those doing loan compression must be aware that even if you partition to rooms you still be on negative gearing for many years. You are advised to keep some of the cashback money in some fixed deposits to support loan repayment

6. Met a person who did it for 8 properties got 1 million according to him. Sold 3 of those properties at a loss but according to him he will still be positive even after selling at a loss due to the cashback.

After much taught I am too old school to do loan compression. Just keep to the tried and tested method of buying one and selling one property every year. So far works.

Currently doing it, mixing between subsales and completed developer projects.

Total property value~2mil
Monthly installment~9k
Cashout~500k

My biggest concern is the margin cut to 70 percent, hence all the units I sapu are 40 percent below market. Good enough?

Okay, as long as you able to service your loan.

Good luck.