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Financial How to get higher Loan Margin for 3rd Property?

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TSWaterfishFarmer
post Aug 8 2024, 07:11 PM

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QUOTE(Jingle91 @ Aug 7 2024, 04:04 PM)
Sure or not? Tell us the name of the project if it is true.
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Project near Sunway/ PJ South, VPed few months ago, do student business
ahkit123
post Aug 8 2024, 07:19 PM

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QUOTE(WaterfishFarmer @ Aug 7 2024, 04:58 PM)
How my friend does is that he uses the cash back to keep rolling the same cash back properties until got 10+ units in the same project, surprisingly doing very well for room rental.
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Nice
Eric1334 P
post Aug 9 2024, 02:19 PM

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QUOTE(WaterfishFarmer @ Aug 3 2024, 09:31 PM)
Hi Sifus, ayam waterfish and new to property investing. If one day Siu Dai wash toilet and saves enough money to buy 3rd property, since ayam no longer eligible for a 90% loan margin, are there other ways to get a higher loan margin? So far I only know 2 ways, please let me know if I'm wrong, Siu Dai appreciates your advice. Break time over, go back wash toilet first ~

1. Get a commercial property (SoVo, SoHo, etc.)
2. Get a mortgage/ financing from non-traditional banks (insurance companies, etc.)
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Go for Project with 30% rebate then
TSWaterfishFarmer
post Aug 10 2024, 02:37 AM

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QUOTE(Eric1334 @ Aug 9 2024, 02:19 PM)
Go for Project with 30% rebate then
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Are there such properties? I though developers would rather give hefty cash back than huge rebates..
Rinth
post Aug 10 2024, 09:42 AM

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QUOTE(WaterfishFarmer @ Aug 10 2024, 02:37 AM)
Are there such properties? I though developers would rather give hefty cash back than huge rebates..
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30% rebates and you take 90% loan = cash back 20%

30% rebates and you take 70% loan = 0 downpayment

IAmYourFather
post Aug 10 2024, 05:46 PM

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QUOTE(WaterfishFarmer @ Aug 7 2024, 03:58 PM)
How my friend does is that he uses the cash back to keep rolling the same cash back properties until got 10+ units in the same project, surprisingly doing very well for room rental.
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If you already have a friend that is doing extremely well with this method, why still ask here? You already got your questioned answered 🫠
Eric1334 P
post Aug 12 2024, 12:12 PM

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QUOTE(WaterfishFarmer @ Aug 10 2024, 02:37 AM)
Are there such properties? I though developers would rather give hefty cash back than huge rebates..
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got ya, be patience and wait for it

 

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