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Bjorn1688
post May 18 2019, 01:51 PM

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QUOTE(maestrox_69 @ May 17 2019, 07:49 AM)
my MIL is sooo nice. she let ppl pay her once a year for the total rent. and that is after multiple chats and visit.

andddd still being taken a ride now currently. no pay since dec18 and the rental only rm500.

both working with stable income but dunno why.

it's in their gene.

and she seems not the type of loud aunty one. so much anger cited coz the market is 800-1000 for landed lot house.
*
Every year pay once a year??

Sounds to me they wait for their yearly bonus to pay rent and debts.
Bjorn1688
post May 29 2019, 10:40 PM

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Something does not add up here, how on earth does a repayment amount "naik 2 kali ganda" ?
Bjorn1688
post Jun 23 2019, 11:41 PM

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QUOTE(BEANCOUNTER @ Jun 21 2019, 12:55 PM)
He was player.

His sole purpose there is to jack up prices, not to bid for property.
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Does the auctions here work like those in UK?

Say this prop's reserve is RM1m.

Buyer 1 bids RM1m as the opening.

Buyer 2 (the Player) Bids RM1.01m

Buyer 1 Bids RM1.05m

Buyer 2 Bids RM1.06m

Auction ends.

Buyer 2 wriggles out of the sale, does Buyer 1 have to buy it at RM1.05m??
Bjorn1688
post Jun 27 2019, 07:24 PM

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QUOTE(se800i @ Jun 27 2019, 08:48 AM)
bro.... progressive interest is also part of the interest payment that we need to pay right?
if this is the case, that means the buyer can buy the property straight away a brand new one and once SnP signed then  monthly installment kicks in....
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In this case there won't be any progressive interest to pay, when you get the key you have to start with your mortgage repayments.

QUOTE(potenza10 @ Jun 27 2019, 10:52 AM)
i think, it is not. interest only count when full monthly installment kicks in.
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You will pay interest when the progressive billings start. That means when the bank disburses money to the developer as per the billing schedule you will pay interest on the amount disbursed by the bank. Hence why I rarely ever buy any new launch property until it is 1 year to completion, else the amount you pay only enriches the bank.
Bjorn1688
post Jul 10 2019, 12:39 PM

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QUOTE(Thasmita @ Jul 10 2019, 09:42 AM)
Bumi ?

By the way - the buyer better be a real tough person - wouldn’t be easy to evict current tenant
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Its been abandoned for more than a year now.

This one is a malay reserved plot therefore even Sabah and Sarawak natives aren't allowed to buy.

All I can say is good luck to Jamban Yunos.
Bjorn1688
post Jul 10 2019, 06:03 PM

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QUOTE(TOMEI-R @ Jul 10 2019, 12:44 PM)
Or rather the Bank or whoever who buys over later. I know a land owner who sold a piece of land near Tanjung Karang to Jamban but the deal wasn't transacted yet because he has failed to secure a loan for it. But this Jamban kept telling others that he bought the land and the land owner is having trouble reselling it now as nobody in that area would want to get involved with Jamban.
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The PoS for it can be found here :-
http://www.1k.com.my/1klassifieds/static/a...n/1177894-A.pdf

That isn't the 1st time I'm hearing about land deals and this wannabe gangster.

Anyway I don't think he can do anything now as he is no longer DUMNO's mad dog, that task has gone on to Lokman Adam.

I would imagine the first thing the new owner will need to do is find a way to open the resort as it was closed for the longest of time due to a lack of an operating permit. I'd imagine there would be at least 101 if not more creditors who would be hounding the new owners as well.
Bjorn1688
post Aug 8 2019, 02:10 AM

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QUOTE(BillCollector @ Aug 4 2019, 04:12 PM)
Owner of 5 landed houses that I bought through auctions over the last 10 years.
All of them were below market value and for a reason. Some had been through several rounds at auction.
Some pros and cons as well as tips :-
+You can get a house below market value and sometimes you do strike gold.
+You never know what you get inside. It isn't always as empty as you would think it is.
-You cannot check out the interior. If you own a drone you could use it to take a look from the windows which might give you some clues.
-You have to move very quickly.
-You do need to do your ground and home work thoroughly and know what you are getting yourself into and who assumes what, this is especially so with unpaid taxes, utility arrears and strata maintenance fees.
-Have to check for caveats.
-Is the owner still living in there? If he is expect trouble.
*If you are using leverage and will need rental to cover the mortgage or require a quick turnaround time you better not buy at real estate auctions and you might want to consider if your stamina can last up to a year with no income.
*Do you think you are smart? Many are smarter than you. Check out why it hasn't sold in previous rounds.
*Visit the premise more than 1 time and especially at nites.
*Plenty of frauds going on lately as the whole industry is beset with syndicates and crooks.
You can read about my experiences in the spoilers if it is off interest to you.
House 1
» Click to show Spoiler - click again to hide... «

House 2
» Click to show Spoiler - click again to hide... «

House 3
» Click to show Spoiler - click again to hide... «

House 4
» Click to show Spoiler - click again to hide... «

House 5
» Click to show Spoiler - click again to hide... «

*
A brave man with deep pockets.

All the best with your next property auction and looking forward to reading about it.



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