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 Loan Compression, For Property Loan

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zcalex
post May 16 2019, 10:47 AM

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QUOTE(icemanfx @ May 16 2019, 10:38 AM)
If borrower has the capacity to make loan repayment, need not go for loan compression. Most loan compression borrowers are subprime and many will end in foreclosure. Hence bank auction sales is expected to rise in next few years.
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Got the capacity to make loan repayment is one thing, another capacity to pay high downpayment is one thing.
imagine 3rd property with 500k, one need to pay D/P for 150k, not many salaried person can pay such high amount.
as long as you manage well with the monthly repayment cashflow, i think loan compression still good to go for multiple properties (of cuz under your cashflow capability)
zcalex
post May 17 2019, 09:20 AM

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QUOTE(Bjorn1688 @ May 17 2019, 02:54 AM)
Are these types of properties worth getting into even if it is cheap??
If you 2 properties you are supposed to use the equity in your other 2 properties to help you towards your 3rd and 4th property, now even easier with rebates from developer.
Not sure how this worked out but I thought those doing loan compression were mostly doing so because the rebates enabled them to borrow without a downpayment.

Were there any rebates in the past where you could actually get cash in your pocket? Thought all of those were there to help you cover the progressive interest payments?
What do you get for cheaper other than some secured OD and 0% Credit Cards?
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Spot on bro.
i'm not sure why a lot of ppl still thinking cash rebate could get you to be a millionaire at once by compress loan for multiple properties.
maybe i am a bit conservative; cash rebate is for us to cover the progressive interest, MOT, some part of furniture to easy rent out, and then with some cash to cover the first few years if rental doesnt match with installment.
New project normally sell to us with future price.
So you gotta bear with the negative gearing for a period, but what if you are running out of cash?

this is how subprime crisis happened. as stated earlier by someone


zcalex
post Jun 18 2019, 11:50 AM

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QUOTE(ManutdGiggs @ Jun 18 2019, 11:16 AM)
To someone CONnan
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A real sifu at here.
should have listen more to u than others
MC personally recommend u in his book. tongue.gif
zcalex
post Jun 25 2019, 10:19 AM

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QUOTE(Pp2626 @ Jun 25 2019, 10:03 AM)
😥people wan shortcut in life , why don't buy 1 by 1 ? Our parents era all buy 1 by 1 . Learn from history . Is simple
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u are fall behind dude.why need to work so hard buy 1 by 1...this is last generation thinking.
Follow a good guru, compress 6 properties at once, get cash back and reinvest, wait for the next bull run estimate in 5 years time, flip and all become instant millionaire. drool.gif

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