QUOTE(cutealex @ Feb 21 2019, 04:49 PM)
Bintang FairlaneLoan Compression, For Property Loan
Loan Compression, For Property Loan
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Feb 23 2019, 09:16 AM
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Feb 23 2019, 09:17 AM
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Feb 23 2019, 11:05 AM
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QUOTE(MNet @ Feb 23 2019, 10:49 AM) 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)This post has been edited by Harry_Bobinski: Feb 23 2019, 11:06 AM |
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Feb 23 2019, 12:50 PM
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Feb 23 2019, 12:50 PM
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Feb 23 2019, 04:32 PM
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QUOTE(Syahrim Naim @ Feb 23 2019, 04:25 PM) If loan covered by tenant, get +cf some more, low downpayment, price already increased, why have to think about inflation/interest etc? If we are talking about auction, as we originally are, low down payment isn’t that low -.- you got to pay all of it upfront, 5% for LACA, or in Tupai’s post, subsale, which means 10% + stamp duty + legal fees all upfront, that’s a lot of cash and at risk of loan rejection, which you may forfeit the sum you pay.To most who did not profit from bull market back in 2011-2014, those new developments like for example EcoMajestic’s 6 units that are being auctioned, those owners are definitely suffering a loss. |
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Apr 24 2019, 02:58 PM
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QUOTE(AskarPerang @ Apr 23 2019, 11:53 PM) Cristal Serin, Cyberjaya by Villamas: There is another method coming into place. Michael Tan's Property Stacking as "opposed" to loan compression. No idea what it is, but I believe it also relates to buying multiple properties at a go.Here presenting example of multiple submission project / compress loan + offer big cash out possible? Many many lelong units incoming from here: ![]() ![]() ![]() 1. Pang - 6 units 2. Azril - 4 units 3. Tan - 7 units 4. Lim - 5 units 5. Teh - 6 units (all her units already sold in lelong at around 400k. minimum 250k lost for each unit) 6. Loke - 3 units 7. Mifzal - 6 units I salute property guru/sifu and the Sales Agents that managed to sell them all units here. This is trully die with massive debt. The lelongs no doubt are giving better opportunity for people to buy their place for own stay compared to HOC and rebates. |
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Apr 24 2019, 03:09 PM
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QUOTE(cutealex @ Apr 24 2019, 03:05 PM) very sad case indeed, but this is a good study... The one buying this property was promised an appreciation of 10% or more I believe. I cannot find who advocated this project or even what was promised. But I believe the greed took over and got the better of him/her. The $0 thought that it would be +$100,000 minimum after selling each unitfor 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. |
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May 2 2019, 12:32 PM
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