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Re: Buying JB or Overseas Properties with MOP not yet expired
There are all kinds of people in this world, while i am still inclined to believe in the goodness of people. Let us not try them on the limits of what one can do in a fit of jealousy.
I have a relative who directly said to me on CNY day many years ago: Why do you appear to be doing so well after such a few years after NS? You must be doing some shady deals if you refuse to join me in business. I wish you will never be rich or able to migrate so that i can always see my sister. He wanted to involve me in some businesses (weird schemes) where i come up with all the money (all the funds from me 100%, but he gets 51% share) and he call all the shots, in the end when i never joined him, said all these to me.
Using a company is one way but the amount one can loan from the banks is then very low (much lower then personal loans) and some banks may not loan unless they see substantial amounts in the asset/bank statement of the company. Some banks will also need the loan to be taken out in the directors name or at least to
have them as the guarantor. This differs from bank to bank.
There are all kinds of people in this world, while i am still inclined to believe in the goodness of people. Let us not try them on the limits of what one can do in a fit of jealousy.
I have a relative who directly said to me on CNY day many years ago: Why do you appear to be doing so well after such a few years after NS? You must be doing some shady deals if you refuse to join me in business. I wish you will never be rich or able to migrate so that i can always see my sister. He wanted to involve me in some businesses (weird schemes) where i come up with all the money (all the funds from me 100%, but he gets 51% share) and he call all the shots, in the end when i never joined him, said all these to me.
Using a company is one way but the amount one can loan from the banks is then very low (much lower then personal loans) and some banks may not loan unless they see substantial amounts in the asset/bank statement of the company. Some banks will also need the loan to be taken out in the directors name or at least to
have them as the guarantor. This differs from bank to bank.