Hi guys,

I’m about to clear my tax payment in august from my business which roughly cost me about RM30k for year 2019.

I received a few advises from business people and relative is that since I already paid RM30k for tax, I’m eligible for a full loan to buy a house which they recommend me to invest in properties and start to collect rent.

I’m a stock investor so idk much about properties. All I know is that beauty of investing properties is able to leverage it with loan IF USED CORRECTLY.

From what I see, it’s recession period now, property prices dropping and I most likely can apply for a full loan. Is this move necessary?
Most of my business income will go to stocks and reinvest to the business. Should I be adding a property to my portfolio? I’m only 24 by the way.