U don’t need cashback properties - most property can do, just markup the loan lo. Sales agent can get the details for u. Easier if subsale property.

Better to do markup loan vs cashback because the cashback would normally come from developer when the property has achieve a certain stage. Markup loan, u get the money when loan is disbursed.

Hi sir. May i know which project u bought? When VP?

Yeah. Correct. Subsale prop can get also. But the problem is after deduct all the cost involve in subsale, theres only so much left. Too many upfront. But i open my option also.

Still prefer newly VP property. Only need 1k-2k upfront booking to get RM150,000+++ cash

Actually one of the problem is my buisness have been running less than 2 years. Doing ok right now but can get even better if have capital injected. Been trying to look for angel investor etc. But i guess people are being cautious due to covid. This is the only option i have.

Understand their concern and appreciate their advise. Hopefully can get some good worthy properties that i can consider.

May i know which property he bought? I think its worth it if the cashback kan maximumly utilize to lower his personal installment greatly.

If the property is very much below market value during the subsale purchase, mark up of SnP price will be easier.

If the price is close to market value, only a small mark up is possible and valuer will give the benefit of the doubt to the buyer.

For a big difference, valuer must justify the figure in the valuation report.

hi, do you mind to pm me the project name or details. thanks

VP-ed last year july 2020, but plenty of leftover units from developer, it's called Emporis Kota Damansara

Emporis KD, u can go there and find the salesman Chris infront of Jaya Grocer, pretty sure still have leftover developer unit.

Hi can pm me his contact number. Cant really go there atm due to covid

If your business has 3 years from date of registered we can help you to propose to a bank. Property financing can cash out more than 120% - 150% for business entity.

If you are less than that, we can help to propose to P2P lenders, loan tenure is 3 years max.

I think it's more viable to get a small fund 1st and then once you have 3 years history, then propose bigger amount from the banks.

No point you taking those bad properties and suffer the rest of 30 years. Actually my client is suffering even rental unable to cover big loan amount. only about 60% covered.

ts maybe can find plenty you want by searching here property for sale
but why you are not refinancing your property instead to get the capital?
if you buy a property that may not be ideal but to keep paying for loan long tenure doesn't sounds worth for you
better to get a property that you like and make good use for investment or own stay

There are tons of property that give you cashbacks. Most are overhang units. Some are bulk purchases special rebates.

If you're looking for subsales then can do mark up (I do not recommend as it's technically illegal)

But as always, there are tons of cashback deals, the problem isn't the property, the problem is obtaining the loan. Bank will do its due diligence, usually first 10 or so able to get loan, but bank will find out eventually, and they are getting very very good at finding out now. It's not 2016 or 2017 the hay days of cash backs deal are gone.

But if you still insist to proceed, then I can help you with the financing.

100% agree.

Logic will dictate that no self respecting developer with a real good property will need to pay someone 150k for a 800k property.

The only reason for offering the 150k is to get rid of some crap which is surely not worth rm 800k

'cashback' normally means higher loan.

Are you still looking? If yes can pm me your contact

I came across a project in seri kembangan with 175k cash back.

If u keen then pm me. I share the agent contact with u.

Ps: i am not in property business….

Publish here ... help the agent, help the developer ....others may want it.

Could it be this ....

https://www.propertyguru.com.my/bm/senarai-...ce-tan-33090909

This post has been edited by mini orchard: Jul 17 2021, 08:29 AM

Property price RM418k, but RM200k cash back?

Did I read it correctly, how is that even possible?