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> What is P2P financing?, Can I apply when it is available ?

doremon4
post Nov 5 2018, 11:05 PM, updated 2w ago

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Read abut this good article on P2P financing in Malaysia - https://propdigy.wordpress.com/2018/11/05/p...-mortgage-note/ .

Was thinking whether it is worthwhile and very likely the interest rate will be sky high...
icemanfx
post Nov 5 2018, 11:46 PM

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Most unregulated p2p financing is either money game or scam.
David_77
post Nov 5 2018, 11:59 PM

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QUOTE(doremon4 @ Nov 5 2018, 11:05 PM)
Read abut this good article on P2P financing in Malaysia - https://propdigy.wordpress.com/2018/11/05/p...-mortgage-note/ .

Was thinking whether it is worthwhile and very likely the interest rate will be sky high...
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LGE needs to learn from ekornomi student.

But my take it’s not worth it.
spazerock
post Nov 6 2018, 12:44 AM

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After China p2p bubble was burse few month ago, can p2p still work? Who still willing to invest in p2p?
doremon4
post Nov 6 2018, 07:31 AM

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I think most people who can afford a property will be conscious of the interest rates they are paying. Those who are not probably couldn't really afford and might eventually auction their house.

QUOTE(David_77 @ Nov 5 2018, 11:59 PM)
LGE needs to learn from ekornomi student.

But my take it’s not worth it.
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David_77
post Nov 6 2018, 08:36 AM

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QUOTE(doremon4 @ Nov 6 2018, 07:31 AM)
I think most people who can afford a property will be conscious of the interest rates they are paying. Those who are not probably couldn't really afford and might eventually auction their house.
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Or rather, they have done their calculation to ensure the affordability, ie performed personable financial review.

For those who can’t or at border line case, investors in the P2P are taking unnecessary risk. Might as well go and buy REITs.
doremon4
post Nov 6 2018, 02:48 PM

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It depends though, REIT you don't really own the unit. P2P you actually own it and will be able to capitalize on price appreciation.
QUOTE(David_77 @ Nov 6 2018, 08:36 AM)
Or rather, they have done their calculation to ensure the affordability, ie performed personable financial review.

For those who can’t or at border line case, investors in the P2P are taking unnecessary risk. Might as well go and buy REITs.
*
David_77
post Nov 6 2018, 04:21 PM

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QUOTE(doremon4 @ Nov 6 2018, 02:48 PM)
It depends though, REIT you don't really own the unit. P2P you actually own it and will be able to capitalize on price appreciation.
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Need to look into the how is ownership is registered. In REIT, the company owns the properties and you have registered interest/ownership, even though your name is not on the title.

For P2P, I believe it’s the same cos it would not be practical to registered all names under the title.

Also, for P2P, the capital appreciation is a positive assumption. Goes both way (can rugi).

Lastly, time frame is short. At end of 5 years, the buyer ether can get conventional loan and buy the property or if cannot, the property will be sold off.

Quite a lots of drawbacks, I feel.

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