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Firstly are you over 21? Coz I don't wanna share this gambling things as there is min age 21 and non Muslim to entry this casino

property investment already long gone

i am over 31 and non muslim

hey thanks for vouching. I still enjoy replying though. Many of my clients say they just googled something like mortgage, asbf, loans, etc and they found my posts? Hurm. I guess it helps, plus it is my passion to share my thoughts

Oh no actually I was comparing the two asset classes per se, without taking into accounts the risks of mortgages. But you are right, in the sense where most people cannot purchase properties without taking up a loan, and there are arguments that it may still be better to take up loans if you are buying properties even if you do have the cash in hand. We can go all night about this, but some of the considerations would be:

a. opportunity costs - even if you are getting less than your mortgage rates if you deposit your funds in FD, liquidity is a good thing. If great investment opportunities arise, you can take action without having most of your assets in low liquidity assets like properties

b. leveraging - it is possible to leverage your high cash amount as a "High Networth Individual" to get credit without having to show any documents. All you have to do is show and sometimes lock your deposit in those banks' funds for a few years

Now some issues that I have with buying properties with a mortgage:

a. Variable interest risks - which can be mitigated by taking up the fixed-rate mortgage - albeit at much higher rates

b. Foreclosure risk - non payments can happen even if there are insurances

c. upfront costs that you have covered earlier

Buy wit loan, semi flexi. Park money there

god thats conplicated . much to consider.

i do have 1 question. lets assume i already fully own a property under my name. some time in the future, i need to obtain a large sum of cash urgently . is it possible to mortgage or finance my property to the bank ? in order to unlock the cash value.

Yeah, that is called refinancing/remortgaging it. Basically you are giving the power of attorney on the property to the bank as a collateral; in return you get to sign a mortgage that will give you up to 90% of the house value. This loan would have to be repaid, usually at a fixed term. But you can use this low-interest financing to, among other things, consolidate all your high-interests and short tenure loans into a single mortgage account, open a new business, etc.

This is a common thing to do as an access to cheap credit. Refinancing is also something that I specialize in:

can....kam lah......scared u ah? Max i gip u also 300k FD, or 200k FD now drop to 6 digit liquid investment jer

proof it lah if u got.....talk so much for what?? Until mau bukak thread ask pipul what to do......conlanfirm imaginary FD or liquid assets.....

Never see real pipul reach bukak thread bodo like u

see reply also conlanfirm idiot......lhdn won't simply kacau if your source of income is legal, above board.....unless u got illegal gain, u dunno how to explain

but, if only imaginary FD how?

u still got time to entertain this dupe with his delusional imaginary 300k FD?

Well someone got to keep him entertained will big tycoon like you busy earning 30k/day

shhh.....later he will ask me show proof I earn 30k/ day liou.....

imaginary interest can use to buy imaginary ring to propose to imaginary gf then have an imaginary wedding

later TS kam in ask u show proof you got ring and got propose gf and wedding then u know

else, he will label u penipu scammer

brag some more about your RM, preferred banking, infinite card, car park jockey sticker ? come la show proof if u got the balls. I will match your proof.

show your infinite card I will show mine.
show your RM contact I will show mine
show your car park jockey sitcker I will show mine
show your 1xx deposits I will show mine

u dare to brag but don't have balls to show proof ? sau pei lar boy boi. school holidays now better brush up on your BM studies.

This post has been edited by timidandslow: Dec 6 2019, 10:29 PM

don't know whether u stupid or ignorant. how the fuck you know how lhdn operates ? don't you know that many wage earners have been audited randomly by lhdn ? even my colleages who are simple salary earners like myself also kena audit randomly by lhdn . u still studying in school, of course wont understand about these matters.

This post has been edited by timidandslow: Dec 6 2019, 10:30 PM

30k per day is 10 million annual , even higher than salary of CEO of big mnc or glc ? ohh yes I believe. totally believable no need to show any proof or justification at all.

This post has been edited by timidandslow: Dec 6 2019, 11:43 PM

penipu scammer, still waiting for you to show proof of your RM, preferred banking, infinite card, car park jockey sticker