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

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.

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

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.

Simply listen to property guru blindly will ruin you financially.

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?

That’s obvious.

I think it is okay lah, if he can service the loan.

You mean take cash and run?

Run with cashout and go for bankruptcy?

oh ya ho... this way only will rich or bankrupt... no break even

Yes he is aiming both n guru wan him to buy more 🤣🤣🤣

I salute ppl who alwiz wanna bring ppl to holand. Not every1 can do the dirty job wan.

Buying the wrong props by blindly following gurus or sifus or masters is purely naive. Just like aunty hooting stock market. U won't hoot lousy stock wan. Same goes to props. Investor grade props ll end up manyak competition in many aspects. Buy the korek prop u won't feel sad n demand is alwiz there.

I'm sure deep down in ur heard some counters worth buying in bulk during bear run of ur stock market. If u die die buy sthg else then boh bian liao. 🤣🤣🤣

Regardless bull or bear in stock market usually fun minizer is the one make the most out of their followers. Agree not??? Like a leech. 🤣🤣🤣

Whoa gks...where you find this phase? Own make up ah?

Almost every thread also we need to tolerate the icy-manu-david show...

Its getting really old.

6month? wake up bro. compress loan owner need prepare to pay negative few years. good thing is cash back normally a lot, can cover up to 5years if u take $6-7unit

after 5year vp then sell lo. thats all flipper plan. can sell lower than developer price as gain discount 30-40%. risk is cant sell out and hold and hold til burst

Buying those 5 houses, if and only if your DSR allow to buy all 5 houses, you still need to fork out more money for the 3rd, 4th and 5th unit.
Assuming developer giving 10% rebate (zero downpayment needed)
1st house - 90% LTV, 10% rebate
2nd house - 90% LTV, 10% rebate
3rd house - 70% LTV, 10% rebate, 20% you need to top up with cash
4th house - 70% LTV, 10% rebate, 20% you need to top up with cash
5th house - 70% LTV, 10% rebate, 20% you need to top up with cash

By doing loan compression, 2 advantage:
1. DSR burst. meaning example ones income maybe can loan max a 600k property only. but by abusing this loophole, he/she now able to loan 5 X 400k to 600k property. Instead of buying 5 X 120k to 150k property.
2. 3rd, 4th, 5th house all getting 90% loan from bank as explain above.

business always is business not matter what the era coming in. bank not stupid to reject the potential profit business except you not worth it.