Another version in the market:

HOW TO DIE WITH ZERO DOWNPAYMENT AND ANYONE CAN OPERATE HOME SUITE HOME (PART 1)
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Once upon a time…..
There was a young man who paid RM4000 to attend an investment seminar.
After going to the seminar, feeling all good about the knowledge he gained from the seminar, he went to some more “advanced” courses.
This cost him an additional RM7kplus
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As part of the benefits of joining this “advanced” course, he get to join the “insider” bulk purchase club.
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So, a few months down the road, he was being offered to purchase a property in Kuala Lumpur Bukit Bintang at 25% discount from developer.
Don’t play play lo….25 discount!!!! 😱
Wah Lao Eh, each unit he purchase is going to give him a rm120k  cashback!!! 😱😱😱

Well, he feel it is a fantastic deal because the property guru he paid so much money to says so.
Everyone in the “advanced insider” group was super excited and they plunk down their down-payment without doing any research.
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So he bought 4 units immediately via multiple submission and was given a Nearly half a million cashback. 😘
Well, he was taught that as long as you have cash, “negative gearing” is acceptable.
After all, with RM 500k in cash, this will last him a significantly long time even though the rental might be negative a few thousand per month, right?
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The guru teaching logic was…
4 units of properties
Each unit loan amount is RM5000/month.
Upon completion, each unit can fetch RM 3000-5000month in short term rental .
So yeah, negative yield of RM2000/month,there is no problem because I have RM500k
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So, since I have 4 units, that is “negative gearing” of RM2000 x 4 = RM8000/month.
And seeing that I have RM 500k this will last me 62.5months = 5 year plus
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By that time of 5 years, the pnb 118 will be ready and confirm.com the property would have appreciated to that amount and then I can sell off for profit since my guru says that property price double every 10 years.
Plus pnb 118 in Malaysia who else richer than PNB.

REALITY OF THE MATTER
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🔵 POOR MONEY MANAGEMENT(TRUSTED THE GURU AND MANAGEMENT CONPANY)
Upon getting that RM500k of cash back, he follow the GURU trusted the GURU. He never used the 500k for other stuff he put back in the flexi account to reduce all the bank interest. Sound great? Nothing can go wrong right? But the GURU non stop calling he get a fanstastic deal for the renovation and before the property vp the GURU spend countless night no sleep to make this deal happen. He don’t have to worry find tenant after take key. All the problem will be taken care off. Trust GURU saying will be the cheapest renovation package and the best property management company with proven great records. This is really dream come true and home suite home ❤️. ‘Con’ vince by the GURU he paid 40k to renovate his unit according the property management company spec  and upgrade plan 15k to hotel standard. Wow hotel standard😱 now everyone is a hotel tauke. Sound cool right. From normal property Invester now he a hotel owner. Just like dream come true.
He realised that by then, he only have around RM390k cash
Well it is ok….GURU say he still can last around 4 year+- Right? But
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REALITY
A newbie who has never have 4 property will never know how to manage. The property the GURU to him is really a saviour and an 😇 angel from heaven. Follow what the GURU teaching for sure won’t go Holland.
Read this statement again and again.
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This is the reason why those who marry 2-4 wife never get past 5-10 years. They simply have no idea how to manage So many wife as same time.
Remember, the GURU in the market not doing charity they still need earn a living never trust them on what they told u. Always do own due diligent and own research before sign up anything don’t just follow bilndly.
It is u the one that take loan from the bank and all the cash back u need to pay back to the bank. If u have any problem in the future no one will help u.
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🔵WHAT THE GURU SAID DOES NOT 100% TRUE AND THEY TENDS TO OVER SEll ON THE CERTAIN VIP DEAL

He so excited after take the key proceed to the renovation and the upgrade to the hotel standards for this unit. He just hope everything will be done fast and he can just relax continue his current own work cause all been taken care by the GURU. The GURU so rich he won’t cheat me or take advantage from me right?

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REALITY
All the renovation and upgrade package being paid.
One month passed . He ask the GURU why the renovation still not done ? Not promise say can settle in 1 month and the management company took another month to furnish and I can be part of the hotel tauke? The GURU reply, be patient inorder to get this super cheap renovation deal we need wait abit more it’s ok we still earn cause outside market will be rm 70k now I help u save rm30k u don’t even thanks me. U don’t appreciated what I have done.
He think think correct also.

Second months pass the renovation still not start. The GURU still give the same answer.

Third months pass same thing.

Fourth months pass also same

Fifth months finally done the renovation and the upgrade package.

Excited finally the unit become a hotel.

Note: 5 months passed the unit no income and bleed 100k already for the installment for 4 unit. So where is the so call cheap renovation package can be done in 1 month. After checking in the open market the renovation can be done with just rm 25k and he pay rm40k to the GURU.

After 5 months should be all settle and just wait income bank into the account correct? Sit back and relax.

No. no. no the best part only started.
Long waited first income received guess what? What being promise during presentation projection 200 -250 daily rate 60/40 profit sharing worst case also 60-70%occupancy rate 250x20x60% = rm 3000 correct ? If more worst very bad luck also rm1500 correct? He can’t think of more worst case cause they present them self as reputable management company Handel hundreds of prop from KLCC to JB won’t be that bad right?

Surprise surprise 1st months income rm 700. What rm 700 ? Seven hundreds malaysia ringgit. Tujuh ratus ringgit malaysia. 马币七百。Correct the first month he only get a 3 digit income.

How can it be rm 700 ? He crack his head . Current market can’t even get a room in Bukit Bintang area with rm700.

Second month he get 3 digit income also.

Third months also 3 digit income.

( To be continue part 2)

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To summarized :
So after take key for less than a year as a property buyer…bleeding 20k everymonths
➡️He is out of cash to continue this “negative gearing” (remember the loan is 35years)
➡️His short stay income  is still bleeding RM20k/month from that 4 units including maintenance fee all
➡️The rental and the short stay income of the property is not double as he hope it will be, management company are not performing and only able to give 3 digit poor shortstay income (reason given due to election, economy no good , CNY or any peak season all KL people Balik kampung no people in KL so occupancy rate will very low . So is everyone fault? the whole world salah ?and the management company no salah?)
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In the end
➡️He went into default as the rental in that area has not risen much
➡️Banks issue him show cause letters
➡️Unable to service his loan anymore…😫
➡️Went into bankruptcy
➡️Committed suicide so that he will not burden his family anymore because he is in massive debt
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This my friends, is how you die in zero downpayment and anyone can operate home suite home
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Please “SHARE” this article out to help your friends who might be walking into a death trap.
This is the reason why I spend countless hours writing every week so that people will not fall into this debt trap.
“SHARE” this out if you value those around you. Help them before it is too late.

Interesting. By the way i abit confused here. He bought PNB118? This project not even completed yet but you said he started reno and rented out?