ASKING SEAN

[@jmy976]

im in the same situation. people/children who are in this situation are truthfully and honestly lucky to have parent(s) who support them and guiding them with investing in home whether or not for own stay/investment purposes. counting my blessings everyday.

[@iherng]

Good for you!! Thanks for sharing jmy:)

[@hairulnizam85]

What a wonderful dad! It will path the way for him to actually make a calculated decision and understand the best way to move forward with his finances and that from his dad

[@nazrojean7128]

he's sooo lucky to hv such a foundational support financially,i mean his choices were good or great...

[@rafiqmuhamad8251]

When we put cash into the loan to knock off the interest, do we have to inform the bank, or just pay the 800k into the loan like normal payment? I have been told that, when we put extra money into our loan account, it doesn't subtract from our principle unless we have to tell the bank specifically that the the extra money is meant to knock off the principle.

[@chingqh]

From what I read, it depends on your type of housing loan, fully Flexi will be able to do the above without the need to notify the bank, term loan need to notify the bank, not too sure about semiflexi . But the cons with fully Flexi is the interest rate might be higher.

[@ssddsquare]

Meanwhile, my father: Here are the loans and debts I'm passing to you show me a proposal on how you going to settle it.

[@letsgojalan]

you only buy the property with cash when the cash is earned by yourself and that money is extra cash for you so in case if the investment goes wrong or you buy for your own stay, you no need to worry because you have the capability to earn back, at the same time your father no need to worry anything and have the cash in his bank safely. If you worry, which mean you are not "rich" enough to have this "rich man" question. work hard and buy property using your own cash

[@chingqh]

Wise, but I think it's also important to learn to use the resources available (father's money) , not waste, but use it on investment or at least don't do dumb things

[@Yin12345]

Hi iherng pls advise where to buy bulk purchase as you hv mentioned many times in your you tube

[@iherng]

Hi Yvonne, I’m a client of far capital and I’ve bought my last several properties from them. This is the link to the free Sunday webinar that I would suggest joining first before committing to anything:) Link: bit.ly/3DxoxWS

[@wywong75]

Most likely the father planned for his son to return to Msia and settle down near him. Man don't say it out loud. This is how he pancing his son back.

[@siewlingchin8512]

I am looking at buying an apartment in Subang Jaya, next to SJMC and it's Dorsett Watertfront (570 Sg Ft), any advise on if this is a good investment?... also can we expect a review in this project?., Sean's review provides a great insight!!!.

[@shirleytan5162]

Parking the money in the flexi acc instead of paying it off also has risk in case of bank runs? Gov only guarantee up to certain amount of $ . Very rare situation but worth to take note?

[@iherng]

Very rare in Malaysia lah…

[@DawnBreaker118]

Deposit guarantee - spread across diff strong bank or put in Sing bank hedge against good, strong currency growth historically

[@buddyoo4942]

There is approximately RM1 trillion (and coincidentally our National debt is also about RM1 trillion) in the hands of the older generation to be passed down / transferred to the younger generation. In a capitalist system such as Malaysia, those who have been more productive in their early years (and most probably the ones who contributed the most in taxes) over time would accumulate some capital in their hands. By paying cash for property the father is essentially converting his financial liquid asset into real property (hard) asset but parked the ownership under the son's name. Keeping too much cash in the bank may be risky under the current overstretched global financial system. There are no safe havens historically speaking for one to be able to preserve their wealth over a few generations. Houses can be bombed down, and land can be confiscated/nationalized. Gold can be robbed from you...etc. It is not crazy.. it is history repeating. In Malaysia when the Japanese occupied Malaya, the British-issued cash was useless and replaced with Japanese currency. Then when the Japanese surrendered - the Japanese currency was useless, and the British needed to "reflood" the economy with the new British currency...they literally gave out cash to people by asking them to cut some grass by the roadside and then give them cash - just like that. The poor not happy with the rich..might lead to revolution/war. The Capitalist jungle might be burned down - to spur new growth.

[@zhennan1817]

Great video! Thanks Iherng

[@iherng]

Thanks for watching!!

[@ahsoonn]

Yi ba ba, ba ba liu shi si 5:44

[@iherng]

Hahahaahahahaha!!

[@praveenmarkandu]

Father probably trying to get his son to come back to Malaysia by tying him down with an asset here. Haha. Anyway, good problem to have.

[@iherng]

Yea. That’s why he mentioned rich man problem:)

[@Skeith95]

I'm facing somewhat a similar dilemma: Looking to buy a ready built place from developer for 650k after discount, I am able to afford the 10% downpayment from my emergency savings (have round 15%DP for my total savings), I found out I was able to get a marked up value so then I have a choice, to either take the usual 90% loan or the 100% loan. Taking the 90% loan will result in lower monthly installment, 100% loan will be the opposite but at least I have cash at hand. Right now I'm looking to take the 100% loan and park the emergency cash into the loan current account to reduce interest. What do you think? What would you do if you're in my shoes? I understand that this is a preference thing. Note : I'm looking to buy for ownstay not to rent out.

[@jiahong8342]

Since is ready built place you should ask yourself if the renovation budget is in place already? Also do you have better use of the idle cash generating yield in long run? Most probably you will have different interest rate for the 90% and 100% loan, do take that into consideration when making informed decision.

[@Skeith95]

@@jiahong8342 its a fully furnished unit. There is no difference in interest rate as well. Because to the bank its 90% loan anyways, depending on the value of valuation report. Right now the decision im inclined to is solely based on the fact that I still have that cash at hand and it will be somewhat "liquid" in the loan account. Thanks for input

[@onglilynicole]

👍🏻 EXCELLENT advice!! ..... we're learning much, much appreciated for this educational video CASH vs LOANS for investment. 2023Nov28th, Tue

[@keesiongwong4739]

IMO, he should just hold SGD in FD instead of buying a property in Malaysia for investment. SGD is so strong and if you see the past 5 year’s performance, ringgit already depreciated by 14%, what is the chance the property can get 14% appreciation in value after deduct interest rate and whatever fees? I have watched a lot of your videos and I understand you are a property bull, but let’s face it ringgit is weak for the past donkey year and future to come we will expect the same situation.

[@iherng]

Did you finish the video? No one mention about using his SGD income for paying installments at all.

[@hrnsabhr]

Hi! I'm a singaporean planning to stay in johor. To rent or buy a property in johor?

[@chinadonghuanews9844]

Maybe you need to do your own calculations

[@gillmonsta]

​@cwhyhinadonghuanews9844

[@akorenkov]

Flexi loan... Reduce interest, still have easy access to the cash.... Keep every last cent you have in that account.

[@NadiaMocta-ev6jw]

Klau x beli Rumah x dapt duit.

[@iherng]

Kan?? That's what I thought too. Ultimately the decision is up to the father. Thanks for sharing Nadia.

[@thanatos20000]

If he has to ask this question.. means not ‘rich’ enough lol

[@iherng]

Not his mah.

[@farizuanrahani1382]

I want this problem

[@SJ-vb3cu]

all the questions recently are rich people problems 😅😂

[@iherng]

And the weirdest thing is they are more hardworking in finding out the best way to grow their money. Crazy right?

[@thecowegg]

When you have the comfort of paying cash, there's many weird questions you can come up with to be honest. If we really dig deep in all of sean's vids, i think with a little common sense those people won't be emailing sean at all 😊😉 Unless you're talking about how to consolidate loans etc etc as mentioned and shared by Ms Rena on some of sean's vid, that i call is very valuable information to people that are not well verse in m'sia's banking system or how to leverage on it.

[@SJ-vb3cu]

@iherng and also rich and poor people are not having the same problem. One is looking for ways to diversify their wealth. One is just looking to survive.

[@visualnanas9199]

@@iherngno money is ever... EVER enough....

[@ncs2000]

Meanwhile i earn everything myself

[@fattywind5489]

good

[@marcuschan5664]

Sean is the goat!

[@chyu89]

He just want to flex through this channel. Another up for his attention flex point.

[@iherng]

It felt like it only if you’re in a position of envy. You don’t even know the person. Not everyone needs your approval… so take it easy man:) Thanks for watching!

[@chyu89]

@@iherng Unfortunately, it's an exception that proves the rule.

[@avaxis]

8 8 64. haha SJKC kid?

[@iherng]

Yupe hahahahaha!!