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

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?

bet sure not in seri kembangan or even in selangor

where got RM500K new doubles storey house in klang valley

I wont post here as i am not sure if they realty company or developer likes to do it discreetly. Even the brochure i receive do not have the project name at all. I hv to ask the agent to spell out specifically then only he share with me.

Those who really interested i can share u the agent contact and project thru pm. Again i am not involve in this deal or property business.

Hi i just got the permission frkm the agent. You may contact him rex tham +60 18-570 9445

Ps: i do not know him personally. I only receive his call thru ads. Please deal with him at your own risk.

Hi, still looking for it? If yes, PM me. I can do for u