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Investment SOLASTA @ PERSIARAN DUTAMAS, Dutamas' Latest New Project

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indramerlin
post Mar 21 2019, 03:11 PM

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QUOTE(hazwan_zohdi @ Mar 21 2019, 01:14 PM)
Banyak betul duit dia ek...
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Buy through FAR Capital kot..
cliffekent
post Mar 22 2019, 12:09 AM

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QUOTE(indramerlin @ Mar 21 2019, 03:11 PM)
Buy through FAR Capital kot..
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Sifu, if buy through company for residential not only can borrow 60%? He so cash rich oh.

AskarPerang
post Mar 24 2019, 11:43 AM

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So it seems that Solasta group bulk purchase is not at 600 per sqft but instead is at 700 per sqft. If according to this video here.


BEANCOUNTER
post Mar 24 2019, 03:09 PM

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maybe he pocketing 100psf????

just kidding.....
hazwan_zohdi
post Mar 24 2019, 03:25 PM

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QUOTE(AskarPerang @ Mar 24 2019, 11:43 AM)
So it seems that Solasta group bulk purchase is not at 600 per sqft but instead is at 700 per sqft. If according to this video here.


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So is it profitable or not if buy at 700 psqft?
AskarPerang
post Mar 27 2019, 12:28 AM

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QUOTE(poilamixus @ Mar 27 2019, 12:22 AM)
He wanna convince you guys to buy his so called grade A project named Solasta in Dutamas. To entitle for that, you need to pay to be his client first in order to buy this project. Guys, pls dun fall into his trap. Open your big eyes to look at high supply in that area, ask urself a question, would tenant really would pay that premium to stay next to grave+highway+high tension cable? Dun forget that IJM RIANA also hav direct link bridge to MET1.

Faizul Ridzuan underwrite one of the block and now he need to find “water fish” to buy from him. He would ask you guys to do compress loan as he gonna convince you that this is the best ever project. Take your own pinch of salt with what he said, he is making money from all of his followers now. Review this so called grade A Solasta project by YNH with ur frens whom are familiar to property investment. Easiest, make a call to any Subsale agent in Dutamas or Mont Kiara, ask for their opinion, they know the best on the local demand! I am very confident that 9 out of 10 would tell you that whatever claimed by FR is nonsense! Call the Subsale agents to verify wat I said.

And I am surprised that YNH is allowing such a property guru to sell their project, a guru whom force their followers to pay to be his client in order to buy this YNH project. My dear YNH, something wrong with you ?

Last advice, dun follow blindly .... for those who plan to do compress loan, he is going to tell you that this is the last chance you can do as bank Negara is going to implement new rule.
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poilamixus
post Mar 27 2019, 12:38 AM

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QUOTE(AskarPerang @ Mar 24 2019, 11:43 AM)
So it seems that Solasta group bulk purchase is not at 600 per sqft but instead is at 700 per sqft. If according to this video here.


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Road to allow me earning 3 mil from you
hazwan_zohdi
post Mar 27 2019, 01:37 PM

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Ade sesiapa sini beli project ni x?
rentroom2012
post Mar 27 2019, 08:29 PM

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QUOTE(hazwan_zohdi @ Mar 27 2019, 01:37 PM)
Ade sesiapa sini beli project ni x?
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u got buy? how much is the psf?
jhuitan
post Mar 27 2019, 09:17 PM

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QUOTE(poilamixus @ Mar 27 2019, 12:38 AM)
Road to allow me earning 3 mil from you
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How's the workmanship from this developer?
Syahrim Naim
post Mar 28 2019, 02:50 AM

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QUOTE(BEANCOUNTER @ Mar 18 2019, 01:17 PM)
tis is the 1st project that pricing not released already kena sapued one block...…berry keng chou.

this bring the phase 'if you have to ask the price, that's mean you really cant afford it' to fact.
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I think its more of it means you are not in the right circle la.
BEANCOUNTER
post Mar 28 2019, 07:31 AM

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QUOTE(Syahrim Naim @ Mar 28 2019, 02:50 AM)
I think its more of it means you are not in the right circle la.
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Am glad that i am not.
hazwan_zohdi
post Mar 28 2019, 10:11 AM

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QUOTE(Syahrim Naim @ Mar 28 2019, 02:50 AM)
I think its more of it means you are not in the right circle la.
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Are u 1 of those who is lucky enough to be in the circle?
johnsonlim777
post Mar 28 2019, 06:45 PM

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This post has been edited by johnsonlim777: Jun 20 2020, 11:40 PM
dave1987
post Mar 28 2019, 07:24 PM

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QUOTE(johnsonlim777 @ Mar 28 2019, 06:45 PM)
Remember the universal rule: those who can't do, teach.

Most 'property gurus' in the market have maxed out their personal loan quotas to fund new property investments. So the only way they can keep generating new revenue is via commissions, seminars and one-on-one consultations. So essentially these 'property gurus' are celebrity sales guys.

This is how Faizul Ridzuan's business model works-

Faizul Ridzuan Private Group (FRPG)- Similar to public seminars/talks, he will upload weekly/monthly videos on analysis on areas and grading of properties. Wonder why he's charging you such a low price? Well this is a cheap marketing funnel to influence and entice people to buy his other products. At the end of every FRPG, he will project slides on his products, entice people to join his VIP seminar/ participate as a client to get more 'benefits' via his bulk purchase groups (7 and 8 Digit Club). When he goes through certain topics, he will say things like "I can't elaborate on this concept- area tier, dragon- tail, body, head- because I only cover this during my VIP seminar so it won't be fair to them".

One-on-one consultations- If you need to see him, chances are your property selections are shit/ bleeding money. At the end, he will either encourage you to: join as client/ seminar/ 7 & 8 Digit Club bulk purchase group since you're so bad at selecting properties yourself.

Millionaire Employee Blueprint- This is a group where he uploads a few additional videos on loans, insurance and case studies for an additional few hundred RM.

Bulk Purchase Groups (7 and 8 Digit Club)- He will excite you by saying that you can purchase properties at a lower/ "special/insider" price than the public due to his direct connections with developers. Then he will say his main clients (FAR Capital clients) get priority first so you might miss out on good units and don't make as much money as them. So you become his client.

FAR Capital clients- He will 'encourage' you to purchase multiple properties at once to maximise your limited "loan quota". In the client agreement, he will insert clauses that state that you will have to pay him a certain amount if you do not purchase properties via his company, FAR Capital. He will say that you are not really spending money because 2% sales commission of the property will be refunded to you.

Value Investing Property (VIP) seminar- His partner, Amanda will spend half a day going through interior designs. She will project beautiful designs of successful properties. Guess who carried out those renovations? Faizul's interior design firm (Makeover Guys). At the end of his VIP seminar, he will also give you a snapshot of what his clients are purchasing and drop hints that his clients are making alot of money. If his clients managed to buy a property at say RM600psf and it gets launched at RM700psf to the public, he will go all out and promote that his clients made RM100psf of paper gains.

Interior Design firm (Makeover guys)- During the VIP seminar and if you're his FAR Capital client, he will recommend his interior design firm, Makeover Guys so that you can rent out your units as quickly as possible.

Social media- Each post is designed to influence public opinion to his advantage and funnel sales towards his seminar + property recommendations. From time to time, he will put posts on how well his clients are doing (when in reality they are just making paper gains due to their low entry price/ "bulk purchase price"). This is designed to increase his public profile and 'showcase' his skills. He also has another guy Victor Gan that backs their property recommendation based on numbers and research via his own FB page. If you look at Victor Gan's website, he will release articles that support developments that they are currently selling (have you noticed his posts: Example: does cemetery/ HTC affect property value?)

Commissions from property developers- This is where I think he makes the real $$. Most of his property recommendations are less than RM1m per unit. Assuming it's RM500k, a 2% cut is RM10,000 per unit. Assuming he took up the last block (Block C) for Solasta Dutamas/K12 which has 501 units and 100% takeup rate by his followers, he will make ~RM5m from one development alone. One of his property recommendation was Ooak 163. Guess what Solasta Dutamas and Ooak 163 have in common? They're both from the same developer- YNH Property.

His latest property recommendation: Solasta Dutamas/ K12 is a prime example. His main argument is that it's Grade A because it's located in the Dutamas area so it's ~20% cheaper than surrounding developments. Well open your big eyes, is this really the Dutamas area or the Segambut area? Do you really think that the property will appreciate in value if it is dominated by investors? Plus it's near high tension cables, cemetery, highway, no LRT/MRT nearby.

"To remain silent and indifferent is the greatest sin of all". I hope that I will be the last sucker. But I know that this will not be possible. tongue.gif
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Thank for updating

Syahrim Naim
post Mar 28 2019, 08:35 PM

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QUOTE(hazwan_zohdi @ Mar 28 2019, 10:11 AM)
Are u 1 of those who is lucky enough to be in the circle?
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You want in ke bro?
indramerlin
post Mar 31 2019, 09:42 AM

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QUOTE(hazwan_zohdi @ Mar 21 2019, 01:14 PM)
Banyak betul duit dia ek...
*
His cashflow hundred thousands per month bro.. Almost all of his 50++ properties generate positive cashflow.. and he made millions from selling properties. I'm not even surprise if he pass the billionaire line in next 10-20 years.
ManutdGiggs
post Mar 31 2019, 10:20 AM

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QUOTE(indramerlin @ Mar 31 2019, 09:42 AM)
His cashflow hundred thousands per month bro.. Almost all of his 50++ properties generate positive cashflow.. and he made millions from selling properties. I'm not even surprise if he pass the billionaire line in next 10-20 years.
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1,000,000.00 - 1m
10,000,000.00 - 10m
100,000,000.00 - 100m
1,000,000,000.00 - 1b

2019 + 10yrs = 2029
2019 + 20yrs = 2039

Assuming he has 100m equity now la for shiok factor

He has to consistently making 45m a yr without debt to achieve 1b giving the max period of ur time frame

Hoseh

This post has been edited by ManutdGiggs: Mar 31 2019, 10:28 AM
aspartame
post Mar 31 2019, 01:45 PM

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QUOTE(ManutdGiggs @ Mar 31 2019, 10:20 AM)
1,000,000.00 - 1m
10,000,000.00 - 10m
100,000,000.00 - 100m
1,000,000,000.00 - 1b

2019 + 10yrs = 2029
2019 + 20yrs = 2039

Assuming he has 100m equity now la for shiok factor

He has to consistently making 45m a yr without debt to achieve 1b giving the max period of ur time frame

Hoseh
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Boss shiok factor look him so up assume his net worth 100m. Ha ha.. as devils advocate, I think he might not be worth 10% of that.

For fun fact , mah sing boss barely made it as RM billionaire. Think so easy become billionaire meh.
ManutdGiggs
post Mar 31 2019, 03:04 PM

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QUOTE(indramerlin @ Mar 31 2019, 09:42 AM)
His cashflow hundred thousands per month bro.. Almost all of his 50++ properties generate positive cashflow.. and he made millions from selling properties. I'm not even surprise if he pass the billionaire line in next 10-20 years.
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QUOTE(aspartame @ Mar 31 2019, 01:45 PM)
Boss shiok factor look him so up assume his net worth 100m. Ha ha.. as devils advocate, I think he might not be worth 10% of that.

For fun fact , mah sing boss barely made it as RM billionaire. Think so easy become billionaire meh.
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Well boss u need to giv facey to blinded die hard fansi ma. Need interaction wan ma. 🤫🤭

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