Hi guys. Looking for a property below 800k spa.
Around Klang Valley
Cashback minimum 150k
VP ths year or next year

I need the cash to keep the buisness afloat

Sorry for asking, but why do you want to spend RM800k to get a RM150k cashback?

Pm me yr phone number got friend got lubang

Do you qualify for 800k loan ?

Or a RM150k personal loan better chance of approval ?

This post has been edited by mini orchard: Jul 12 2021, 09:14 PM

Not the way to go...

Because property interest is lower than personal loan

This is wrong. Honestly OP, taking a 800k loan just to get 150k is not the best of ideas. Understand that mortgage loan rate is cheap compared to conventional but this is definitely not the way to do it. Couldn’t you refinance your property instead?

No doubt interest is lower but the quantum payable monthly for PL is lower than a 800k loan.

What use is a property if buyer have no use for it. He lose more money later selling in subsale.

If he is qualified for 800k, 150k shouldnt be much of a problem.

One dont receive the cashback immediately upon signing SnP.

The cost to acquire a property is much higher than PL application and require initial cash outlay.

This post has been edited by mini orchard: Jul 12 2021, 10:13 PM

wallaaaaa....TS ask a question but many ppl give lecture...lol!

Buisness expansion. Will get 5 figure monthly once i expand the buisness.

Not having an asset yet.
Property able to rent out.
Lower installment monthly.

Im ok bleeding 1000-1500/month to sustain.

Ok. Check inbox

Qualified. But not willing to pay 7000/month just to pay personal loan.

I rather pay 3000/month. Assuming i can rent at 1500-2000, i only need to pay 1000/month.

True. I already have personal loan. Will never go that route again. The interest rate is simply a daylight robbery and shouldnt be legal

Target to expand my buisness by Q1 2022. Thats why need the money.

The property i will manage to get cashflow. Im ok bleeding -1000, -1500 month.

The buisness expansion should be able to cover it easily

Not trying to be a wet blanket or party pooper but pm me when you have seen the light and might want to dispose said property. Then again, please note that only horrible properties require such massive cashbacks, and yes there are plenty of horrible ones. horribly located, or horribly priced. Unless you are hunting in the subsale market, then I fully support your search, but since you said VP this year or next, I doubt it.

For the record imho this is a horrible way to fund a business.

This post has been edited by LoTek: Jul 13 2021, 03:53 PM

Maybe TS biz is prop CB guru. Hehehe just joking good luck all the best.

You can call those agents at iProp. They should be able to provide a list of properties for your pick.

Do you have a registered company that has more than 3 years?

We can help you on this ...

In my opinion, it's not so viable by doing so because usually this type of property is usually low yield.

PM me for more info, we are sme loan consultant.

can loan up to 120%

there's actually, my client bought one 2 years ago, rental yield is low 1.1m cash out 100k like that, VP already one.

I saw his point, want extra cash with lower installment and can rent out the property, which i am helping client to manage that property rental too.

He has better choice to loan actually, not necessary to buy lousy projects.

I did the same as TS start of this year

650k prop , 98k cashback

best decision ever made

homi, if you don't mind lower than 150k cashback, do let me know, I can intro my agent to you