Hi sifu sifus...
I went to a seminar last night regarding I call it " THE ART OF DEBTS" LOL
I guess most of the people are knowing what seminar i'm talking about.

Anyone heard about it before?
What do you think about his talk?

Erm...Actually I kind of stunned by what he shared but after awake I feel abit hesitate on this. So decided to open a topic to talk about this

hehe, come refinance your property to cash out in overdraft. then you can have standby fund for future invest or to pay your property installment.

actually in the long run it sound logic.

imagine you buy alot of property with MRTA/MLTA, when you die, the MRTA pay off all your property, your children inherit all your wealth.

then your children do the same and pass to his children, then your blood line will have alot of wealth in future.

1st of all, you need to calculate if you have enough to repay both the bank loan and the insurance company when you are still alive. The problem will kicks in when you don't have enough.

I have friends that got greedy after learning from these type of gurus and do loan compression. Now after 3 years, the cashout has been depleted and they are in deep trouble with cash. Some of them even having problem renting it out (remember we are in rental market now, so tenant has the last say on the rental price not the owner), some keep on calling to borrow cash. The main issue here is greed.

So, if you ask me, calculate your worst case scenario before playing this game. Ask yourself, worst case, if i can't rent it out can i still pay (loan + MRTA/MLTA) with my current salary. If you can't or if you think you will struggle then better don't do it

It's okay bro, you just need more guide
You can google it bro
Actually there is, but you need to put your afford to study

Cos he say ppl sohai hahah

Refinance just a concept of cash out. Is depend how the client utilise the fund. Some may cash out for standby use, expand their business. In conclusion must know to use ur cash out wisely.