Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Borrow loan OR Cash for Lelong condo, lelong LACA case

Borrow loan OR Cash for Lelong
 
bank loan [ 1 ] ** [50.00%]
Cash [ 1 ] ** [50.00%]
Total Votes: 2
Guests cannot vote 
views
     
TSIrresistible
post Yesterday, 05:46 PM, updated 2d ago

Look at all my stars!!
*******
Senior Member
3,273 posts

Joined: Sep 2005


I just win bidding a condo unit. in Penang.

its a LACA case via agency company.

Is it better to borrow loan or Cash?. will it trigger tax investigation?

another thing, what i don't like of the agency co. is she forced me fo buy insurance ,CTOS report and charge here and there. And insist her lawyer based in KL will do.the case very fast.
should i give her the case or i.do everything myself? ( i m newbie)



This post has been edited by Irresistible: Yesterday, 05:48 PM
yeeck
post Yesterday, 06:39 PM

Look at all my stars!!
*******
Senior Member
3,572 posts

Joined: Apr 2006


QUOTE(Irresistible @ Nov 26 2025, 05:46 PM)
I just win bidding a condo unit.  in Penang.

its a LACA case via agency company.

Is it better to borrow loan or Cash?.  will it trigger tax investigation?

another thing, what i don't like of the agency co. is she forced me fo buy insurance ,CTOS report and charge here and there.  And insist her lawyer based in KL will do.the case very fast.
should i give her the case or i.do everything myself? ( i m newbie)
*
For additional charges, you should have ask all these upfront when engaging the agency. Usually for lelong cases, there are some unknown costs that might be associated with the property unless you have done all your due diligence (including trying to get rid of any existing occupants, if any!). If you are cash rich, go ahead and pay cash but be prepared to pay extra for all these unknowns.
vinceleo
post Yesterday, 09:17 PM

Regular
******
Senior Member
1,023 posts

Joined: Jun 2019
By all mean cash if source can be prove upon in case call out by LHDN, there is associated cost on auction case but the agency should have made known upfront. Option always on you to determine and no way agency can force upon you.

 

Change to:
| Lo-Fi Version
0.0416sec    0.36    7 queries    GZIP Disabled
Time is now: 27th November 2025 - 06:28 PM