ASKING SEAN

Link to join my team in property investment club: bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: wa.link/0ea7rb
In this episode, we will discuss with this audience on how to maximize financing for a deal. However, it's not as direct or easy as we think. So I listed out ways that we could source for more money.
Also, would you go ALL IN for one property deal?

[@TheKindcitizen]

Enjoyed this insightful and equally stressful topic. The more I listen to these podcasts, the more I feel it’s getting harder for common folks to buy property- especially the M40 folks- not only there’s economic issue (stagnate wages vs inflation) but now it requires discipline to withstand lifestyle traps in order to save up a housing fund.
Maybe that’s why fancy cafes are thriving nowadays; if it takes me years of discipline to save up for a house AND still might not be able to afford it, I might as well go enjoy my 20 bucks coffee this weekend 😅

[@budean88]

There is pro and cons
All my property is markup one. But there is extra cost needed to bear. For extra SnP n Lawyer fee..near 10k extra payment then average 90% loan (4 property).. and extra insurance
but at the end Im owning 4 property by pay 10% of Selling price. 3 house and 1 shoplot.
Need to pay 131k for 1.3mil of property after markup loan.
If purchase normally I need to pay 231k.
If markup loan I need to pay 131k but 10k more charges in lawyer+setem+rgpt seller

[@leeaaron7856]

Great question and a great answer from iherng as well. With the scheme of borrowing against a higher amount and indicating a discount in the SPA on a reduced price, the downside is the interest rate which determines the monthly installments will always reference against the higher amount. ($280k Vs $245k). At the end of a loan tenure or in the event of a sale, the bank will ask to repay the outstanding balance against the higher amount. So you will have to sell the property at more than the higher price ($280k) in order to make money.

[@mrkanap1925]

some genuine and realistic questions to answer by Sean at the end the video

[@iherng]

Glad you like it MrKanap!!

[@tanatanarasoo1919]

CAn you do a Review on Dorsett Water Front Condo Subang Jaya

[@alantew4355]

For bank-auctioned houses, the loan one could get would be 90% of the auction price, as opposed to 90% of any bank valuation before the auction?

[@iherng]

Yupe. It's the finalized price. Buyers can choose to refinance later if they want to.

[@ericlai3221]

great info👍

[@nadzrimyusof2582]

Sean minta review KL hotest project Pudu Skyline. TQ bossku.

[@iherng]

Tapi sudah habis jual sebelum launch pun.

[@warrenkoh1163]

This call mark up right ?

[@iherng]

Yupe. But I just explained the technical terms lah hahahaha.
Thanks for watching;)

[@taijiayee6122]

pm vacuum cleaner 🤣🤣🤣

[@cfreeman3730]

😍😊