Comments on: Is it possible to have an infinite return on investment (or free money)?

By: Dave

Dave — Tue, 22 Jun 2010 05:02:02 +0000

Hi,

i am recently arranging finance for a property i just bought… my situation is quite opposite, the market value is about 30K lower than the purchase price.

i’ve checked with citibank and public bank… and both of the loan officers stated they can only offer up to 80-90% respectively based on their valuers stated open market value. as opposed to following the SPA price…

does anyone know about this? or does anyone know any other banks who are able to follow the SPA price instead…

thanks.

By: Raymond

Raymond — Thu, 21 Jan 2010 08:20:45 +0000

Can I have a copy too? I subscribed to the newsletter but didn’t receive the file or the link to the file. Thanks.

By: ongkl

ongkl — Mon, 28 Dec 2009 03:53:51 +0000

Hi John,

Once you subscribe to our newsletter you will receive a link to download it.

Chees

By: john

john — Sun, 20 Dec 2009 09:49:35 +0000

Where to download the spreadsheet? I need a copy of it, thks!:)

By: ongkl

ongkl — Thu, 08 Oct 2009 07:35:58 +0000

Dear Michael,

To acquire 100% loan normally you may need more than one loan package, i.e. one for mortgage loan and another one for your down payment which is of higher interest rate.

You can check with your banker or loan officer to find out the value of your property based on bank’s valuation. Just give them the address and they can tell you within a day how much loan amount you can get.

Cheers

By: Michael

Michael — Tue, 22 Sep 2009 15:31:54 +0000

Hi OngKL,

Your website is truly inspiring!! And it gives me lots of courage to start my asset building path.

Can you explain a little bit more on the process of acquiring 100% loan?
How are we going to know how much is the bank willing to loan for a specific property before applying for a loan with a ready S&P? I think this is the key procedure in getting a infinite return property.

Please enlighten me.

Thanks!

By: ongkl

ongkl — Thu, 30 Jul 2009 13:48:13 +0000

An email with the file has been sent to you, CCY.

Cheers

By: ccy

ccy — Sun, 26 Jul 2009 14:01:10 +0000

may i have a copy of it too ?

By: ongkl

ongkl — Wed, 03 Jun 2009 05:07:31 +0000

Hi Giap Seng,

Thanks for your update.

1. You may want to read our follow-up article of the case study “What risk you may face if you borrow too much and how to manage it?”. In order to secure enough margin of safety, we suggest to keep monthly installment below 60% of rental income, so as to provide room to maintain a positive cash flow should interest rate be revised to double of the existing rate.

2. You can download the spreadsheet free after subscribing to our newsletter. Anyway, a copy has been sent to you.

Cheers

By: GiapSeng

GiapSeng — Wed, 03 Jun 2009 02:25:17 +0000

1. There are more updates on the tan81 blog, on people’s opinion that the purchase does not really yield a very attractive return. In his blog, it pointed out that the purchase does not have enough margin of safety. Any comment?

2. Can you send me the spread sheet also? I had signed up, but yet to get the spread sheet.

Giap Seng