For reasons, foreclosure is rising.
How many grr work? If rental demand is strong, developer could become hotel operator.

Property A is a service residences and my unit is facing the beach. If let the unit managed by developer, can cover the monthly installment. But 30 months contract. I prefer to let agent to manage. Per night stay is rm200 profit.

Property B is a dual key studio top floor next to a lift. I plan to stay in one of the studio once completed and rent out the other studio to students nearby.

It's subjective. In my opinion both unit locations are very strategic. 😅

Hi,

I want to buy two properties A and B. My earlier plan is to buy property A. (Rm320,000) this is my first house loan. Property A is gonna completed on Jan 19. My loan has been approved. 80%. Just pending to sign the LO.

Now I placed book on property B. The loan is also approved by another bank. 90%. (Rm420,000). Property B schedule to complete in 2021. Also pending signing the LO.

Question. By right if I sign the first LO. My second loan for property B won't get approval right?so  The developer recommend me to sign both of the LO at the same time so that BNM will have green light so i can buy both at the same time. Is it true?

Just afraid that if I sign both LO, BNM will trace in the system and property A loan will be canceled. My priority now is in property A.

Should I sign the LO for property A first and ditch the loan for property B? Or I can sign both LO without worry?
Appreciate your kind reply 🙏🏽🙏🏽

Just curious on how you manage to get 2 loans of very differing amounts (320k and 420k) approved by 2 banks at one go?
Unless your salary is high enough for both the properties. As far as I know for multiple loans your loan amount should not be too different to minimize the risk of loan cancellation.

If u take A, we might be neighbors hehe.
Dont take the package with the devloper. Youll be paying 30k more, and could miss out on getting higher returns.

Take both loans, as long as you sign both LO at the same time and get ur loan executed on time, then u r safe.

Housing loan is usually easier. My agent usually do 3 to 4 units 1 shot, didn't seem has problem before. 2 houses is sap sap sui

But the banker for property A cannot kawtim. He said he won't accept the trick. Don't want to argue with him also. I'd go with property A. Have to ditch property B. But dunno if can get back the deposit for booking..

But the banker for property A cannot kawtim. He said he won't accept the trick. Don't want to argue with him also. I'd go with property A. Have to ditch property B. But dunno if can get back the deposit for booking..

If u take A, we might be neighbors hehe.
Dont take the package with the devloper. Youll be paying 30k more, and could miss out on getting higher returns.

so lansi the A banker, u shudnt let him know at 1st. if I am you go apply for prop a with diff bank again.

iirc if it becomes NPL the mortgage officer will be questioned.

that's his problem.

Only 2 resi properties not worth the risk.

If you compress loan more than 2 above.
Mean 3 units or above.

Go ahead kamikaze once in a life time. Either you made it kao kao huat or brankrupt lelong leg pekak straight straight.

Take both loans, as long as you sign both LO at the same time and get ur loan executed on time, then u r safe.

Housing loan is usually easier. My agent usually do 3 to 4 units 1 shot, didn't seem has problem before. 2 houses is sap sap sui

Ha ha... kamikaze... I've tried that before. 5 props within an 8 month period....all with cimb. With the lowest price first till the last prop being the highest. The last loan was rejected by cimb without even processing.... excuse was 'due to aggressive buying'... finally had to take the last one with Citibank.  But all 70% for residential and 80% for commercial la. So no hanky panky all straight forward.