QUOTE(Jingle91 @ Aug 7 2024, 04:04 PM)
Project near Sunway/ PJ South, VPed few months ago, do student businessFinancial How to get higher Loan Margin for 3rd Property?
Financial How to get higher Loan Margin for 3rd Property?
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Aug 8 2024, 07:11 PM
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#21
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Junior Member
76 posts Joined: Jul 2024 |
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Aug 8 2024, 07:19 PM
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#22
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Senior Member
2,553 posts Joined: Feb 2016 |
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Aug 9 2024, 02:19 PM
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#23
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Probation
16 posts Joined: Mar 2022 |
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 ~ Go for Project with 30% rebate then1. Get a commercial property (SoVo, SoHo, etc.) 2. Get a mortgage/ financing from non-traditional banks (insurance companies, etc.) |
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Aug 10 2024, 02:37 AM
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Junior Member
76 posts Joined: Jul 2024 |
QUOTE(Eric1334 @ Aug 9 2024, 02:19 PM) Are there such properties? I though developers would rather give hefty cash back than huge rebates.. Eric1334 liked this post
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Aug 10 2024, 09:42 AM
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#25
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Senior Member
1,263 posts Joined: Oct 2016 |
QUOTE(WaterfishFarmer @ Aug 10 2024, 02:37 AM) Are there such properties? I though developers would rather give hefty cash back than huge rebates.. 30% rebates and you take 90% loan = cash back 20%30% rebates and you take 70% loan = 0 downpayment |
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Aug 10 2024, 05:46 PM
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#26
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Junior Member
217 posts Joined: Apr 2023 |
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. If you already have a friend that is doing extremely well with this method, why still ask here? You already got your questioned answered 🫠|
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Aug 12 2024, 12:12 PM
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#27
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Probation
16 posts Joined: Mar 2022 |
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