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@deanate Tbh, I am skeptical as well but it turns out to be true, i guess there really are gems in the market just need to find it harder

@ewaldron1988 Yup, what they were doing is compress loan and get all the cashback and all the gurus promise positive cashflow but end up all negative cashflow. What they were doing is buying before the building is built and the gurus promise sky high rental, and they din even do research on the...

@ewaldron1988 Anyway, I sold off the unit off just to get the ease of mind since I am not based in KL I cant guaranteed the property price would not plummet but hear me out but if you are fixated on the interest thing then no one in their right mind would buy a house to live anymore. Because...

@ewaldron1988 hey sorry I missed your comments, I would argue back your point is valid if I am buying for own stay. But right now I am renting it out, with a positive cashflow of RM 2.xK per month. At the end of the day, I don't really care how much the bank earns, even after servicing the loan...

@ewaldron1988 Its already built, its a developer unit, the rental is around 6.6k RM while the instalment is around 4.3K

@podlife It's a developer unit selling 900k, I am required to take loan against the SPA price in order to take out a loan of 900k. SPA price is around 1.1mil. Note that bank valuation works abit different as I have friends in the valuation dept. They will not give anything higher than SPA price...

@mattmanticus Yes, you are correct so after deducting all that cost is around 1.2k nett profit already deducted all the maintenance fee If I sell it for 1.3m, then its free money, its just tat this money is from the bank rather than the buyer. If I dont sell it, assuming steady stream of...

I recently bough my second property from developer (developer unit). Price is around 900k I took out a loan from the bank , loan amount is around 1mil in which I have a cashback of 100k. My first unit and second unit is in the same developement/condo My first unit I did the same strategy...