MALAYSIA PROPERTY BULK PURCHASE GROUP

 PROPERTY BULK PURCHASE GROUP

The truth in property.

Walk in to the sales gallery, looking for the next best deal nearby. After visiting the showroom, the sales agent will show you all the calculations where you see how much you need to prepare for downpayment, MOT, Loan Legal Fees, progressive payments and monthly commitment. 

You are knowledgeable after doing some read up before this. You will ask for any rebates, any cash back? How much is it during launching? What are the early bird rebates? How much are phase 1 buying? How much phase 1 buyers are given rebates for phase 2?

Definitely you will feel like missing out. Then you need to think if you can afford to buy at a slightly premium price. But the agent will tell you, next time, it will be worth this this this, rental rate will be this this this, property price will rise definitely, for your own stay it's okay one. Buy now or never. Plus you see the stickers on the units are getting more and more.

Look at the facts in the chart below. 

CREDIT - DEBT TRAP CYCLE v1

Long time ago, a business owner leverages credit cards for his business cash flow. He has 2 credit cards. Month 1 draw 20k from card A. Month 2 draw 20k from card B to pay off card A. Sounds like he received a nett 20K, really?

But

Once you make a cash advance out of credit card, you will be charged 5% of the amount you withdraw or minimum of RM15. 

.

Withdraw 20K. 

Cash advance fee 5% = 1K

Debt = 21K

Every month withdraw for 1 year = 12K

To have 20K monthly, your debt now 32K.

In another way, you use 12K to get 20K for 12 months. 

You get flexibility of credit, and then end up in bad debt. 

Get a proper loan.