Comments on: Keep Leveraging in Wealth Building

By: ken

ken — Wed, 01 Sep 2010 17:40:55 +0000

Hi, nice to meet u..
have u bought the platinum appartment? ^^
n, i interested to the appartment too.. i wish to buy one of the appartment.. i wish to have the appartment in 10th floor… do u noe anybody tht who want to sell his/her appartment? send me an email if u noe anybody or u got extra appartment tht u want to sell of k? thx.. my email.. hirosimakyoto111@yahoo.com

By: CKWong

CKWong — Sun, 16 May 2010 08:05:25 +0000

Hi,
Im getting gross rental of 11% @ RM1600 to Rm1900. Last week there is one asking for RM450K for 3br corner unit. Happy Investing.

You cannot Grow Land..CK Wong & MY DAD

By: CKWong

CKWong — Sun, 16 May 2010 08:01:50 +0000

Hi,
Leverage with calculated risks. Happy Investing.

You cannot Grow Land..CK Wong & MY DAD

By: GK

GK — Wed, 12 May 2010 02:05:27 +0000

hi..guys

“……. the more loans you borrow from bank, the faster you can accumulate wealth. ”

Banks would not approve easily for all the loan u applied. Still need to see ur income as a whole…(income to support monthly loan repayment if no rental collection)

if not, everyone borrow and make money so easy..nobody would like to work anymore…

By: ron

ron — Tue, 11 May 2010 05:39:08 +0000

how much r u rentg out yr api2 apartmt btw?is it 2 or 3 br?

By: CKWong

CKWong — Mon, 10 May 2010 20:58:17 +0000

HI,
Refer to my blog more and from time to time I will reveal all the secret. Happy Investing.

You cannot Grow Land..CK Wong & MY DAD

By: Ivan

Ivan — Mon, 10 May 2010 17:34:37 +0000

Mind share more, how to a salaried employed person can generate more income?

By: CKWong

CKWong — Wed, 16 Dec 2009 04:03:17 +0000

Hi,
Thank you for your sharing. Hope our friend here will understand more and stop TRY NOT TO UNDERSTAND IT..Happy Investing.

You cannot Grow Land..CK Wong & MY Dad

By: Kow Jenn Soon

Kow Jenn Soon — Wed, 16 Dec 2009 03:21:17 +0000

Hi
I think another essence is cash flow of property.
Income from property is property selling price (averagely 7% yearly appreciation) + rental income (3% to 7% of purchase price). Both rates would be varied by property location.
Expense is loan rate (BLR 5.55% – 2%=3.55).
10% – 3.55% = 6.45%
In order to easier of calculating, here ignore other minor expense like land tax, house tax, lawyer fee and etc.
In theory, bank will earn 3.55% of loan amount and you will gain 6.45% of property selling value. These rates are normally valid for first 5 years.
After 10 years, the rental income would normally up to 6% and even more then 10%. The property appreciate value is easily more then 15% of purchase price.
Both bank and you will have win-win situation to gain benefit of property appreciation. Therefore, in condition of having investing in good property, the more loans you borrow from bank, the faster you can accumulate wealth.

Please correct me if I’m wrong.
Thanks and regards,
Kow

By: CKWong

CKWong — Fri, 11 Dec 2009 18:34:37 +0000

Hi,
Putatan is coming up lately. I think more development is going to happen there next few years. I know few developer are at their planning stages. The apartment you mention is just in front of Survey Supermarket and surrounded by mostly shoplot. Rental market should be good in the future but bear in mind the tenant will be middle class to lower which the collection part might be tough. Happy Investing.

You cannot Grow Land..CK Wong & KH Wong