facebookI have seen many property investing Ads that claim that one can buy and own more than 30 properties with little or no money down. In your view, is this possible? If yes, how can one do so, and what are the pitfalls of doing so? - Seedly
Seedly logo
Seedly logo
 

Advertisement

Anonymous

01 May 2020

I have seen many property investing Ads that claim that one can buy and own more than 30 properties with little or no money down. In your view, is this possible? If yes, how can one do so, and what are the pitfalls of doing so?

5

    Discussion (5)

    What are your thoughts?

    There are a number of schemes that purport to do this, but all of them have some variations on the same theme. We examined one such common scheme here:

    https://www.99.co/blog/singapore/can-you-really-own-20-properties-with-no-cash-down/

    But that’s by no means the only one of its kind. Variations include schemes that get people to invest in an individual, who then purchases properties and divvies out the rental income, or simply to invest in a group of businesses that all own different properties.

    While they are not necessarily illegal (many of them are in a grey area), or even bad, they tend to share some common traits:

    -
    It can be difficult to get out of the investment later, when things aren’t going well

    -
    The “ownership” may be primarily on paper (such as if several properties are collectively owned by a group of investors)

    -
    Many of them may not be under close scrutiny or regulation

    This isn’t an endorsement or condemnation of any such specific scheme; but be careful of the risks involved. We suggest you seek some form of consultation with legal or financial professionals before you get involved; the cost of consultation is often much lower than what a bad investment can end up costing you later.

    Cheers,

    99.co

    Reply

    Save

    Share

      Angeline Teo

      Angeline Teo

      01 May 2020

      Level 7·Calculator at The Internet

      Very difficult.

      those adverts are saying "no money OF YOUR OWN down".

      they are not saying the property can be bought without money down, its teaching you how to use other people's money via loans, partnerships etc.

      not very ideal when property prices stop rising and banks start being more stringent on payment.

      Reply

      Save

      Share

        Lim Boon Tat

        Lim Boon Tat

        29 Apr 2020

        Level 9·Mathematics at Cambridge University

        If it sounds too good to be true, it's probably too good to be true. You can also own more than 30 c...

        Read 3 other comments with a Seedly account

        You will also enjoy exclusive benefits and get access to members only features.

        Continue with Facebook
        Sign in with Apple

        Sign up or login with an email here

        Write your thoughts