no la, just that needed to get more "pocket money"
its not a distraction, its a out of class room practical "class" for my course im taking hehe
Based on my term "investment"
- Enter only when your 200% sure that its profitable and not hope to make a profit 
- Item/product is hot and easy to be liquidated

(example: Product/Item A is selling at RM1,000 retail hot price, but you have an opportunity to purchase at RM700. So when you have bought it, you have already made your profit, now how to exit or liquidate it  ) <== Applies to alot of things, like C2D processors , hardware, stocks, property, or can be anything that you know it well
Oh yea, the properties are individual title and not strata title which the competitors are doing

somehow..to me..it seems youre a really diversified person..comps,insurance,selling houses,outsourcing agency.. very impressive

---

Added on October 15, 2007, 2:50 amany good ways to tell me how u still stay so steady on studies ?? after all this distraction towards study ?? i need some secret recipe thou..

btw, when are you planning to "dispose" the property?
How is the mortgage loan coming now? Heard that you said you cannot get a loan because of the age limitation; so you're disposing the property before the developer's request for further payment or how?....
Strategy pls?

You've paid 10% downpayment which in a lot of time, it can be "waived" with certain techniques.
But comes the developer asking for payment on completion by stages as signed in S&P; what's the way to go about it since you do not have a mortgage loan. Payment via cash again? Or did you signed the S&P or not? 

---

Added on October 15, 2007, 10:56 pm

He must have a lot of lubangs with very lucrative returns as that is obvious. Obtaining RM 100k for downpayment while still studying is no easy feat!  He will needs the remaining RM 700k in 2.5 years? 

There's basically ways to bypass the downpayment. Simple one would be the "developer discount". So the tough part is not there.
The tough part is like I mentioned; when the developer starts charging the work done after stages stipulated inside the S&P.
That is the part I'm curios about.
So either the guy has to sell off the property before developer starts charging or come out with the money to pay. Now the problem is he mentioned that can't get a loan yet, which I'm now interested in how he's going to "fund" his investment.

So to a real investor or a chap who goes for undervalue property, one would noticed when a guy needs to dispose a property fast.
If the flaw is there and noticeable, than the room for negotiation would belongs upper handed to the buyer whereby the seller would usually loose out.

A point to note is no matter how high an appreciation of certain property might rise, if one didn't have the power to "hold", than he's going to be at the loosing end. For eg, the house for the same area might cost around RM200k. Why are certain properties still priced below the RM200k mark? Usually it's not because of certain flaws or myth like "feng shui" or "suicide case". A lot of time is the holding power of the property owner is not strong and they need to liquidate the property fast for cash.

Understand in life that a certain market price wouldn't guarantee you that it would be sold at that specific price.

btw, when are you planning to "dispose" the property?
How is the mortgage loan coming now? Heard that you said you cannot get a loan because of the age limitation; so you're disposing the property before the developer's request for further payment or how?....
Strategy pls?

You've paid 10% downpayment which in a lot of time, it can be "waived" with certain techniques.
But comes the developer asking for payment on completion by stages as signed in S&P; what's the way to go about it since you do not have a mortgage loan. Payment via cash again? Or did you signed the S&P or not? 

He must have a lot of lubangs with very lucrative returns as that is obvious. Obtaining RM 100k for downpayment while still studying is no easy feat!  He will needs the remaining RM 700k in 2.5 years? 

wow..straight to the point..of all the curves and turnings..now i get the picture... boon

@ bolded part,
Special agreement with the developer lor and definately not the pay as work in stages system

Am-El marketing strategy has not failed for the past 25years and its not going to fail yet Nor the company has any abandoned projects, in fact, the company forte is to take over abandoned projects.
Well, how about buying the property at a discount off the upcoming launch price?

Sorry but just a little bit skeptical on the "special arrangement".
Is it "worded legally" in the S&P?
And by the way, a lot of projects or property are usually "below" or at "discounted price" from actual launching price if you knew what I meant.
It's like buying watches, an avid watch buyer/collectors would know that the price to buy is at least 30% off the shelf price.
True also to property buying, maybe not 30% (but it might be possible) but there's always "tricks" to it; thus the free "downpayment".
So what's so special in this case?

The only thing I see is like you mentioned....the price is much lower than the neighborhood. But considering Malton and YTL, hey had a reputation for building high-end properties, thus the high price. So you're not expecting at the low price you pay; one day it's going to shoot up to the same price of the surrounding area thus making it a "value buy". If you're thinking that way, I would say you're wrong and you have much more to brush out in experience.

anything can happen dudes, don't be too certain or sure about something especially in the property market. that's why it's call an investment. just pray that the recession dun hit u when u're holding ur property. 

if recession comes, inaterest rate will go up... property price will remain or go down...

Which it will be good for buyers...  Recession also is a good thing if u see it in different point of view

if recession comes, inaterest rate will go up... property price will remain or go down...

Which it will be good for buyers...  Recession also is a good thing if u see it in different point of view

Recession is good for those that has high liquidity i.e. more cash in hand.
Thus if you have properties or stocks which you can't hold than you're in deep shit.
So more property = more assets != more wealthy.

Like mentioned countless times in this property investment thread whereby if your property doesn't generate rental income, it can't really be considered as a wise investment. You can only call it gambling, maybe not that risky as going up to casinos. The time when you wanted to dispose off your property, not necessary there would be market demands for it; thus you might be forced to sell at losses when you really need the cash.

so, would a quick round, of profit taking say, 4 months max to profit take the d/p amount of 10% be a worse investment then holding and taking rental for a few years? I would say rental would expose your risk alot longer then necessary

No doubt the d/p of 10% you paid only brings you rm50k ringgit profit which might be considered a small amount to some of you, but in 4 months to reap profit? This would bring you a almost 100% ROI based on the amount paid d/p  I would say your risk is near 0% and is definately less riskier then holding and getting rental for a even longer period of time.

Of course its legal

Well this developer is not giving discounts to public on this project.

Another support why this project will do well is because it is supported by MPSJ. So it is not set to fail, this projects total GDV is over Rm1.52 Billion(its under exaggerating) for the 200 acres project over the duration of 8 years with Raffles Hospital and its medical college buildings to be built in 2008 (yes contract signed already) on part of the land. So as the maiden project of the zone, will the developer screw up and allow that to slide? I think not.

And have you actually seen maltons mutiara puchong? Its building quality and workmanship is atrocious for its price. No doubt it has a reputation for building high-end properties, unfortunately for them, this is a mid-end (mutiara puchong).

Bubble, Schmubble - Flipping Works in Any Market
by Bill Bronchick

For years, hot-shot speculators made huge profits flipping condos in Florida and Vegas before they were even constructed. All the while, the naysayers in the ivory towers of Wall Street and academia warned of a "housing bubble" that was sure to burst as all bubbles do. When Fed chairman Alan Greenspan said that national real estate market was "frothy," the writing was really on the wall, and anyone with half a brain could see that we were in for a "cooling" of the housing market, at best. And yet still, speculators continued to profit, and the real estate bull market marched on...

But the bulls aren't marching now. Greenspan handed his matador's cape to the new Fed chairman, Ben Bernanke, who continued the policy of interest rate hikes designed to deflate housing. No longer accelerating at a break-neck pace, home prices have flattened like a pancake in many markets, and new the condo speculators who got in late are in for a world of hurt. Clearly, the housing "boom" is over in many parts of the Country. But contrary to the media hype, this is great news for flippers!

Flipping vs. Speculating

It should be made clear that there is a difference between flipping and speculating. While speculators may be a sub-set of flippers, they are, at best, the amateurs of the real estate investing family. Flippers who have consistent success are more conservative and have a fundamental approach to real estate investing. While it may not be as exciting as speculating, the rewards of more conservative flipping are nearly as generous, and they are paired with far less risk.

The biggest difference between flipping and speculating is that flipping works in any market, whereas speculating only works in certain places at certain times. Las Vegas from 2002 to 2004 was a great time and place to be a speculator, but if you were still in the market in 2006, chances are you got burned by more than the hot desert sun. Basically, speculating often works on the "greater fool" thesis - that you can always find a greater fool than yourself to take a property off your hands in the expectation that he will be able to find yet a greater fool. Eventually, someone is left holding the bag and that's when the party is over.

Flipping, by contrast, relies on fundamentals. The idea is not to catch a shooting star in a rapidly appreciating market. Rather, the plan is to find undervalued properties, rehab them, present them in an attractive manner, and sell them for a reasonable profit. Not only is a rising market not a requirement of flipping success, it may even be a mild detriment! After all, it is a bit harder to find bargain properties in booming areas. Sure, it can still be done, but the point is that even falling markets are prime for flipping since the holding period is often too short for the value of the property to decline beyond the deep discount at which it is purchased. Assuming that you add value through rehabbing, you almost can't lose!

Exit Strategies - Always Have a Plan B

While speculators often rely on the "greater fool" strategy, flippers tend to have one of two exit plans: 1) Quickly flip the title to another investor, or 2) Rehab and sell the property at the retail level. While the lion's share of the profits go to the retailer, a quick wholesale deal can free up your cash (and energy) for the next deal. But what if neither strategy works? What if the market really crashes and the buyers disappear? Is all lost? Of course not!

For complex economic reasons, the rental property market does not always correlate with the housing market. In fact, they are often countercyclical. Although most flippers aren't terribly interested in being landlords, generating rental income from a botched deal is a solid backup plan. Better yet, you can usually refinance the property after rehabbing it to get all of your money out. From that point forward, the bulk of your rental income will be pure profit, and when the market improves, you can make the sale. Even better, you can offer your tenants a lease with an option to buy, which is attractive to many young families looking for their first home.

The media portrays real estate flippers as the investment world's answer to Wild West gunslingers, but in reality, nothing could be further from the truth. Compare the "worst case" rental income scenario of real estate flipping with the "worst case" Enron scenario of stock market investing. There really is no comparison! If you take a fundamental approach to real estate rehabbing and flipping, your risk is limited and your profits are virtually limitless. It really is the best of all worlds.

Ok, you caught me off footed 

But the difference is that, the discount is not given to the public and its because im related to one of the directors and shareholder of the company. And my entitlement to how many units with discount is unlimited and the top pick units (house facing south, corner, w/e) as long as available, i am able to exercise discount as said in my WTS thread. and the discount is off the Launch price in january 2008, meaning that I have already made my profit. But im prepared to hold my 2 units till completion of the whole phase(july 2008) for a ROI of 200% on my d/p.

And i am still able to exercise that discount entitlement to transfer to others.

Why obtaining it is no different then property agent? 
Gambling is entering and hoping to make a profit. Where as this is Investment meaning that upon entry, you have already made the profit, now how to exit(liquidate), either with more profit or less profit, but either way, its already a profit, and not a loss. This only applies to hot items/easy to sell off.

Get your point straight about the difference between gambling and investment.