Posted by qqq3 > 2018-11-10 11:39 | Report Abuse

life no guarantee....5 years still cannot improve improve credit standing....still cannot save up some money when no rents to pay, no installments to pay.....how to help the guy? mission impossible.......

they say, God helps those who help themselves.

Posted by qqq3 > 2018-11-10 11:44 | Report Abuse

but me? I choose to think of it this way.....5 years no installments, no interest costs.....end of 5 years, convert to traditional loan if so desired ...or look for another p2p house with the capital returned from the first house....another 5 years, no interest costs......

like rich Dad says....think cashflow..........

Posted by feimah > 2018-11-10 11:51 | Report Abuse

There will be a situation that those desperate buyer may borrow from ah loong or high interest rate loan from bank for the initial 20% pymt.

Posted by qqq3 > 2018-11-10 12:32 | Report Abuse

joe....no guarantees in life...but this is a good scheme to get rent free and interest free for rest of your life.....

Posted by qqq3 > 2018-11-10 12:34 | Report Abuse

rent free, mortgage free for the rest of your life....what more do u want? This is real freedom.....

Posted by hollandking > 2018-11-10 12:37 | Report Abuse

no free lunch in this world. Someone will have to pay for it.

Posted by qqq3 > 2018-11-10 13:22 | Report Abuse

who say no free lunch?

a lot of free lunches....if u know how to look.........

Posted by lizi > 2018-11-10 15:35 | Report Abuse

Agree with ian, it raises more question than solution. Delaying the problem will cost u more later. Dont be baby ask parent to fork out 20%. The earlier u learn to be a man, the better.

Posted by Bruce88 > 2018-11-10 19:40 | Report Abuse

The pro & con of the scheme will become clearer as time goes by...

Posted by qqq3 > 2018-11-10 19:55 | Report Abuse

lizi....

https://klse.i3investor.com/blogs/qqq3/181848.jsp

And the best part......if property market plunges the worse he can do is to lose the 20% money. Under the mortgage option, not only would the buyer have lost all their deposits and paid lots of interest costs to the bank...he willl still owe the bank lots of money and still commited to pay the bank for installments on a very expensive house for the next 30 years.



Assuming no change in house prices, the buyer have the option to convert into traditional mortgage at the end of 5 years or to sell it.....the 20% money is still with the buyer, untouched. ...and he can use it to fund another p2p house for next 5 years, rent free, no interest expense and minimum risk...and on and on...until he finds enough money to buy his mansion for cash.

Posted by somchik > 2018-11-10 21:43 | Report Abuse

After paying 20% can move in straight away? What happen house only got ccc after 3 years of building it, practically can stay 2 years and then the closing deal? Aiya ...

Posted by lizi > 2018-11-10 22:01 | Report Abuse

qqq3, not impressed or not interested with the so called downside protection feature. not my type, i go big when i see the opportunity comes.

Posted by qqq3 > 2018-11-10 22:04 | Report Abuse

lizi....not everyone will take this option but on the other it is not a scam as some suggested......

Posted by speakup > 2018-11-11 19:28 | Report Abuse

who the fark is Mark Chua?

Posted by qqq3 > 2018-11-11 19:37 | Report Abuse

who the fart is speak?

Posted by KLCI Going Heaven > 2018-11-11 19:39 | Report Abuse

who is desmond???

Posted by qqq3 > 2018-11-11 19:40 | Report Abuse

desmond is wct.

Posted by qqq3 > 2018-11-11 19:41 | Report Abuse

desmond is wct....aka as Pavillion hand bags king....

Posted by TheContrarian > 2018-11-11 19:43 | Report Abuse

19 years ago me no money buy home, so me go play shares as daily trader and within 4 months me made enough to buy a nice home with just 70% financing.