All Forum Posts by: Kenneth Lim

I see. Will hit the bookstores when I wake up later in the morning. By the way, this is the book right?

http://www.realdata.com/gallinelli.shtml

Hi Wheatie, thanks for the clear explaination. Wow looks I there are alot of things I do not know and need to learn :shock:

Hi guys, thanks for the input. I am wondering there are so many tools like 'CAP RATE', 'R.O.I', 'CASH ON CASH'....Which one should we use it to determine the best investment????

Example 1: CAP RATE

Cost: $44,000
Cashflow: $3,500 per year

Annual Cashflow/Cost = CAP RATE

3,500/44,000 x 100% = 7.95%

Example 2: R.O.I

Cost: $44,000
Downpayment: $4,400
Cashflow: $3,500 per year

Annual Cashflow/Downpayment = R.O.I

3,500/4,400 x 100% = 79.5%

Hi guys, I read reports on real estate investing and there is something I do not understand. Please enlighten me. I saw something inside the report like CAP RATE 15.2% ....

What is

- The meaning of CAP RATE in layman's term?
- How do I calculate CAP RATE?

Thanks :D

Hi maat55, thank you for your reply. Guess I should do like make your money in business, hold your money in real estate :D

Hi **********, thank you very much for your comments. Really appreciate it. No doubt the cost of living here is insane and even now 1 pack of ciggs seems so expensive to me. Pathetic huh. But well that's ok. At least I am not giving up.

My defination of cashflow is a positive cashflow after all kind of operating expenses as well as mortgage. We have some reserves in the bank and we are currently at the cross road of our lives. We sat down and have a heart talk regarding our situation. We have in plan to build business and real estate but we do not know which one to go first. Should we go into business first then real estate or real estate first then business.......

Hi TimWieneke, thank you very much for your kind words. I feel very much better after reading your post. We just want to get our first investment property and then 2nd, 3rd, 4th and so on. The Pro Forma is in cashflow based. We explain all day long how this investment will bring positive cashflow every month ....but rejected...u recommend private lenders besides the bank? I never tried that before but if it takes to borrow from a private lender to finance my property, I will do it...

Where can I find private lenders? I suppose they are not from my friends right? because ever since I landed myself in this situation, I was treated like a guy with some sorta infetious diseases. My so called friends are turning away the moment I tried to borrow any money. People seems to be forgetful these days. When they are in my shoes, I provide shelter and food to them. Sigh...

I will be frank because no use trying to hide our financial situation. Both me and my girlfriend are jobless now and what we have is some savings we had from our working days. I am 26 and she is 22. We lost our jobs recently but we both have the same common goal which is to get rich even though at the moment we are both struggling financially.

We have read alot of Robert Kiyosaki, Anthony Robbins, Napoleon Hill and all kinds of books of the same genre. We decide not to get a job in future and we want to start investing instead of working hard at our 9 - 5 job getting no where. Very much in the same situation like Robert and Kim. We are abit luckier because we still had some savings in our bank which we intend to put down at our first investment property.

We met with alot of roadblocks regarding loans...pre approval loan and so on...We can't seems to get a loan anywhere else but we are still trying. We showed banks the pro forma of the kind of house we are getting but we get turn down everywhere.

How can I get a loan? Any help or tips?

Hi guys, just came back from a friend's house after watching 'Robert Kiyosaki - 6 Steps To Becoming A Real Estate Investor'

I am wondering how can Dr Dolf De Ross bought his first property at the age of 17 years old when he is still a college kid?

I mean how did he get a loan from the bank when a student with no job or income besides pocket money? hmmmm any help?