Comments on: Where to find sources of start-up capital?

By: Real estate investment Q&A #2

Real estate investment Q&A #2 — Sun, 05 Apr 2009 22:33:21 +0000

[...] #10 – Life insurance as a source of start-up capital In “Where to find sources of start-up capital?” … your insurance policies that have a cash value are an excellent source of capital. Once you [...]

By: How to buy additional properties with mortgage refinancing?

How to buy additional properties with mortgage refinancing? — Wed, 18 Feb 2009 22:54:05 +0000

[...] our previous article Where to find sources of start-up capital? we discussed that refinancing real estate can be one of the sources of start-up capital for your [...]

By: Fauzi

Fauzi — Fri, 13 Feb 2009 18:03:38 +0000

Thanks Ong.. Yup, we could make principle prepayment via EPF acc 2 withdrawal prior to refinance exercise with other bank to start in property investment. That’s a reasonable amount of money which we could levarage and start property investment with peace of mind. And choosing the right mortgage product for instance HSBC home smart for refinancing is another strategy as we could use stand by amount for future investment with housing loan rate. Anyway, this time around, is the right time to refinance as the BLR is much lower than 6, 7 years back. That means we could reap 2 benefit, lower monthly installment and have extra money to invest and leverage.. Read this, err my small opinion about refinancing.. http://fauzi-lifeinme.blogspot.com/2008/06/refinancing-mortgage-buying-additional.html

By: ongkl

ongkl — Fri, 13 Feb 2009 08:30:26 +0000

Thanks for sharing the tips of topping up home equity via EPF, Fauzi.
Hope can hear more from you.

Cheers

By: Fauzi

Fauzi — Thu, 12 Feb 2009 15:01:50 +0000

As u said, refinancing is the best option to get extra money for initial property investment. Plus, top up the first mortgage with EPF acc 2 money before refinance it, if the current home equity still not great..

By: ongklsmb

ongklsmb — Fri, 09 Jan 2009 04:23:12 +0000

Hi 雷門, it depends on individual. But It’s always better to spell out the terms and conditions of collaboration in black and white to protect the interest of all parties.

Cheers

By: 雷門

雷門 — Thu, 08 Jan 2009 14:02:24 +0000

how about group of people with same interest? cannot be trusted?

By: ongkl

ongkl — Thu, 08 Jan 2009 03:00:39 +0000

Thank you for your information, KC.

Cheers

By: KCLau

KCLau — Thu, 08 Jan 2009 02:57:04 +0000

If it is an investment-linked policy, you can redeem the unit (just like unit trust). Of course there are terms and regulations that require minimum unit left in the policy in order to keep it in force.

If it is a traditional policy, the cash value is available for loan. Currently the loan interest is 7% (not low actually).