AskGuru Q&A Community

Make confident property decisions with advice from our experts

Asked by
Recently I have landed a big project and hit a big jackpot for a year contract. Let say I have monthly net income of RM5mil++, which better way, leverage it using banks or just go cash for prop?Thanks in advance.
0 •
631 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

<en>David</en> <en>Wong Lai Kwong</en>
Replied
Leverage on the bank loan because of low interest rates so that you can purchase more properties at reasonable (or even discounted) prices when the opportunity arises. Let your tenants contribute to your loan instalment payments. With a few properties in hand you can choose to sell some of it to realized the capital gains.
David Wong
QUANTUM real estate
Tel:+603 77289108
mobile:+60193330573 Read More
1
Upvote Upvoted
  • WH
    Replied
    Thanks a lot.I know its better using banks, but for confirmation, better asking advice from professionals. If anything, I will call you. Now busy lah.

Still looking for answers?

Get advice from our community of experts

Ask Your Question
Previously Asked Questions