facebookWhy are there so many gurus out there boasting owning multiple properties with no money down using their investment strategies? What do we need to watch out for in such property investment seminars? - Seedly

Anonymous

26 May 2019

Property

Why are there so many gurus out there boasting owning multiple properties with no money down using their investment strategies? What do we need to watch out for in such property investment seminars?

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They do that to show success to create a community so that the people around can buy into the dream. It is not wrong. They teach u to be deal makers to buy properties but get ur friends etc to pay for the down payment. What I didn't like is that they will show off they get passive him. The deals they get aren't fantastic. Just so so. All of them will use the same template to sell their investment proposal. Actually the group earns the most thru the courses n trips. Just check their Acra profile with M +F. If it's long term the paid up capital will be more. Instead of $100.

Douglas Chow

26 May 2019

Chief Enlightenment Officer at Empower Advisory

Yes, my blood boil at these very misleading ads too. No money down means taking an enquity loan based on your current fully paid up or partially paid up property. Sometimes it means using "illegal means" to get full loans and in some case project valuation is artificially inflated so that you can get a larger loan based on the inflated valuation rather than the actual lower cost of purchase.

Essrntially there is no such thing as no money down. It's just a bait to hook u to attend and pay for their seminars.

Singaporeans have gotten into big trouble by investing in dubious property through such seminars. Just google "Eco House Singapore Scam". There are many such examples. These rah rah come and go and keep resurfacing. MAS should clamp down on all these ads.

These rah rah seminars are mainly a conduit for the rah rah workshop organisers to offload properties to their participants and to earn from their ridiculously priced "workshop" where they bait you that you will be linked up with fellow investors etc.

Speak to qualified professionals who are in the market and know what can be done and what should not be done.
You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283
Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey.
Regards

Douglas Chow

Goh Kah Kiat

25 May 2019

Editor-in-chief at Risknreturns.com

When they say no money down, they mean debt funded rather than you cough up the cash. When they say ...

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