Hi would like to get some help from all sifu here.

Intend to purchase auction property with Cash and refinance. And if this workable?

Auction Purchase Price: RM1,000,000
Market value: RM1,150,000 to RM1,300,000
Bank Valuation: RM1,500,000

1. Looking to purchase through auction with Cash and complete the transfer process.
2. Applying for RM1.5x90%=RM1.35 loan

Currently almost no debt(only one 70k loan to keep CRIS record rolling), income documentation ok.

If i am able to make it. Planning to purchase 2units the same method. So, eventually, RM1.35+1.35M loan=RM2.7 loan.

I understood the risk of such loan and is manageble. Planning to invest the loan money at bear bottom.

I am asking knowledge of Sifu is this method workable?