Good job mate. Too much bullshit on Tiktok. Mostly from property agents 😅
@fanlie1576
Жыл бұрын
[Video 1] I agree that having a $7,000 monthly income for a $1 million property is too risky, especially for a family. [In Video 2] I also agree that the title "From 370K to 3.7M" is quite misleading, in my opinion. The second video doesn't clearly explain how they made the money. I know who's in the video you're talking about. I researched her and her background. In one of her Instagram photo she said that she has been investing since her schooling day. She also has side businesses, not just her nursing job. Her husband doesn't have a low income either (based on the photo, just guessing). Starting around 2021 or early 2022, she became a property agent and it looks like she did many successful deals. So, what I'm trying to say is that her increase in wealth from 370K to 3.7M isn't only from property deals (and I think she also did not say that as she said they are working damn hard and because of His blessing). She has other sources of income that she didn't talk about in the video. One thing for sure, both she and her husband seem to work hard, and I am guessing that they have a high monthly income. Therefore, they should provide more details in the video to avoid misunderstandings. 🙏
@joshconsultancy
Жыл бұрын
If she has built up strong sources of income and can comfortably afford it, it is job well done Hadn't verified but thank you from the sharing your thoughts
@svarma8486
Жыл бұрын
This is the second time I am commenting on KZitem and both times at Josh Tan (I am subscriribed and also in your paid channel) . You are a good man whom takes the time to educate. I started working at 1984. What life has taught me is low and slow works. Will be retiring in 2024 simply because I don't own any debts and there is actual money where I want it to be - not money that will be there in the fuiure which is good but not a surety. We don't know what the future holds. If money was so easy to make we'll all be multi millionaires at the very least😂😂. Keep preaching brother. Hope our paths cross someday. You and your family stay blessed.
@joshconsultancy
Жыл бұрын
Thank you for the high praise Varma I’ve found my voice educating on finances and I will continue to do so don’t worry, cya around 🙏
@louth1770
Жыл бұрын
World economic woes will come to haunt us, as Spore is the most exposed economy to global economic events. With stagflation that will last 10 years+, many middle class on mortgage loans servicing interest payments, will suffer.
@kkong3670
Жыл бұрын
Bro..... U Retire young...... Can i ask. What is your est. Fund for your retirement?
@DonYang73
Жыл бұрын
@@kkong3670if he started working in 1984, i dont think he is retiring young at all. 65 is definitely retirement age.
@outc4st317
Жыл бұрын
It's easy to claim 'owning' a 3+m property, when in fact the bank owns it. She has probably taken a 30 year term loan and is no where near paying up fully. It'll be a dangerous situation when there's an unforeseen event e.g. Retrenchment
@vvvv5287
Жыл бұрын
Buy so high then after that complain here, there, point fingers at others, and not at themselves. Wish them luck
@mugenpower78
Жыл бұрын
just another property agent trying to hype the property game
@sek898
Жыл бұрын
typical salesman talk - very likely learnt from iquadrant gang. there is a chinese couple (previously attended many iquadrant seminars) shared similar story - from hdb to landed in 5/6 years. if not wrong, the chinese couple used the rent from their condo to cushion the rent from the landed, forgot the exact details.
@lynngor8
Жыл бұрын
I have been a real estate agent for 16 years transacting 900 sales and rental. I only say many Singaporean are super risk takers and many have lost money. Earning $7k and buy $1m…I super disagree that this person should buy a private property and what can they buy with $1m today? 1 bedrm? For a couple to stay in a 1 bedder? I suggest this couple better get a HDB.
@hhspore
Жыл бұрын
I always regard tik tok as ENTERTAINMENT or a platform for bragging ...............So easy for her to tik tok on million dollar investments within a couple of minutes. Talk is very cheap . 😏😏😏
@ackc1204
Жыл бұрын
All these sounds like for events like subprime mortgage crisis back in 2007/8 big recession. All need to learn to be prudent. Don't be greedy.
@YusriSapari
Жыл бұрын
hey man thanks for doing this for my community. Many are rushing in on this without realising that they are the product being sold and not the houses.
@joshconsultancy
Жыл бұрын
Thank you for the praise 🙏
@KelvinKing
Жыл бұрын
I see a lot of ads on KZitem by this clown Marco and Friends too... Claims that one can own 9 properties in two years (although it seems like most are also factories). Quite interested to understand that business model, is it for real or garbage...
@joshconsultancy
Жыл бұрын
It becomes a business of owning and renting properties which has business risks. Sharing this tutorial, you seen it? "This Young Singaporean Owns 8 Properties At Age27?" kzitem.info/news/bejne/r6eAmo2vsYJ9bGk
@sek898
Жыл бұрын
just buy a few different reits and u can claim u own many shopping malls and industrial warehouses
@hogster1475
Жыл бұрын
I can never understand how legit are these videos. For my case, I stayed in a HDB for close 13 to 14 years, it was our first home and brand new. After which, feeling comfortable with our expense and also some help from my parents. We bought a private apartment and paid off the flat. We've been renting out our flat since we moved into our current apartment. I guess we were lucky at that time as the government had not implemented ABSD at all. Even at this point, I am happy with my current situation. Can never understand how people can be flipping this and that in this day and age. Worse of all, with no numbers to back it up.
@DonYang73
Жыл бұрын
Good job
@wen1ah
Жыл бұрын
thanks for warning people not to be overly optimistic on property in current landscape.
@kimmyng8862
Жыл бұрын
Do these property agents take financial literacy courses before they are qualified ?
@joshconsultancy
Жыл бұрын
I think the root cause is likely the sales culture
@SurendrenApparoo
Жыл бұрын
I'd tend to agree - Tik Tok is a sales channel. All brag, no substance...@@joshconsultancy
@DonYang73
Жыл бұрын
They are just all out to sell and pad their own wallets lah
@CHZheng-b8q
5 ай бұрын
An income of $7k can only buy property of $700k for prudence!
@joshconsultancy
5 ай бұрын
Ah i might be suggesting below that actually
@vvvv5287
Жыл бұрын
An interest increase can “kill to the neck”. Job not necessary an iron bowl
@joshconsultancy
Жыл бұрын
That’s the big worry
@hcyap764
Жыл бұрын
Over leverage is high risk. Good luck to the couple.
@lidna82
Жыл бұрын
The annual income consideration of CPF's guidelines in purchasing a property seems difficult to attain in today's property prices i.e. $250k per year in annual income should only buy $1.25M of property.
@joshconsultancy
Жыл бұрын
It could be more of a everyone’s too used to big leverage. Annual income is only part of the mortgage equation, if a buyer has capital, the equation can change
@mmy2955
Жыл бұрын
Market is turning..property agents are getting desperate now..
@joshconsultancy
Жыл бұрын
1st decline, let’s see next quarters
@louth1770
Жыл бұрын
Property market woes will come to hit those who had over committed
@DonYang73
Жыл бұрын
Real demand is much lower than we think. No rush when cash flushed. 😎
@mmy2955
Жыл бұрын
Hope Josh can do more property videos...we are keen to watch.
@ocswoodlands
Жыл бұрын
For me its every simple. I look at where my family is at in terms of HH income percentile and look at that percentile's housing type and also no of properties. Eg, I know about 15% of HHs in SG has >1 property. Thus if my HH is top 15% in HH income, it is quite safe to have 2 properties.
@Chessgame99-d4e
Жыл бұрын
Hi, i just want to say i see that there are lot of negative comments saying that she is overleverage, etc. We dont know her financial situation. But from what i can see, she is a super good agent and if she continues to see the kind of success that she has as a agent , she can easily meet the loan requirements. So we should not assume she has not done her due diligence. And she did mentioned she took a bank loan. So we can also assume that the bank would not have issued such a loan if the bank did not think that this loan can be serviced. Yes, the path she took may not be the cautious kind but she took the risk and she is now reaping the rewards. In addition, if you see her video, she has done a great job in her video so her skills in marketing and sales is really top tier and not many agents can replicate her success. So , yes while i dont think everyone can replicate her success like she did and it is really not for everyone, she is just saying she did it and we do not need to rain down on her success. I am not paid to do this and i dont know her personally but i wanted to voice this to balance the comments raised here.
@gomugomu4489
Жыл бұрын
A bit sad.. hope nobody think it’s okay to leverage like they did from their video..
@david888a
Жыл бұрын
Nobody in their right mind will buy a $1Mil property with a combined $7 K income,also a responsible real estate agent should not even recommend that unless the buyer has monetary support from the parents for sizeable down payment. I will only carry a monthly mortgage of $2100,leaving $4900 for other expenses. Buy only what you can afford if it’s your first home…leave the speculations to others till u r in a position to join the flipping game…. Chance upon your YT Josh, nice content even though I m not a local….
@joshconsultancy
Жыл бұрын
Thank you and Happy to cya around
@ocswoodlands
Жыл бұрын
99:1? Good luck lady.... IRAS clawing back ABSD 😂. you should gave gone for 98:2 😂😂😂
@joshconsultancy
Жыл бұрын
Hi all, to clarify, 99-1 AT PURCHASE is legal. There is a difference to 100-0 at purchase and transfer 1% after. That is evasion. Hope it clarifies and more below Video - I Realised This About The "ABSD LOOPHOLE" | These Property Buyers May Not Be Stupid... kzitem.info/news/bejne/0maY1JuecquWa2U
@bigm9228
Жыл бұрын
They are just numbers!
@liamporter1137
Жыл бұрын
Good advice.
@kkong3670
Жыл бұрын
Bro.... Feel sorry for you. U made 2 endemy..... (For doing good for certain friends).... No one can flip now
@joshconsultancy
Жыл бұрын
My main aim is to debate on the subject and advocate proper financial steps
@LiZhongXin
Жыл бұрын
Thanks I learn a lot from this clip Much appreciated
@joshconsultancy
Жыл бұрын
Glad it was helpful! Stay tuned for more =)
@Yzdrd
Жыл бұрын
If i have the link i would have sent to MAS &IRAS for them to investigate.
@joshconsultancy
Жыл бұрын
Hi all, to clarify, 99-1 AT PURCHASE is legal. There is a difference to 100-0 at purchase and transfer 1% after. That is evasion. Hope it clarifies and more below Video - I Realised This About The "ABSD LOOPHOLE" | These Property Buyers May Not Be Stupid... kzitem.info/news/bejne/0maY1JuecquWa2U
@soemoeswe
Жыл бұрын
Nice...
@hbianl5661
Жыл бұрын
Very good analysis over the vague video
@joshconsultancy
Жыл бұрын
Thank you
@lcldan
Жыл бұрын
I got a feeling they made paper gains on the 99-1 first property. Then they used the paper gain cashed out to pump into the landed. Over-leverage, quite scary. Secondly where can I find 2 properties a 4 bedder dualkey and a freehold landed combined at 3.7m? Unless lease hold landed.
@joshconsultancy
Жыл бұрын
"paper gain cashed out to pump into the landed" can't do in 1 year. Usually theres a loan lock in and theres a min term equity out that needs years to build up
@damyeuful
Жыл бұрын
Can. Buy in Malaysia, boleh😅
@Syedsai
Жыл бұрын
I like the Brave tiktokers sharing the proven SG recipes to get rich via property. But I dislike the over leverage ratio. At least the "secrets" are out. 😊
@joshconsultancy
Жыл бұрын
Ya the over leverage part is dangerous. Stay tuned, will do a sequel video to more reactions 👌🏻🙂
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