Fund raising for Australia off the plan property

As last 2 posts I mention able buying an Australia property with a negotiation of 5% down. Which is about 30000 AUD. Actually I don't really have that enough money at the moment, cause I have my commitment with the Glasgow Student accommodation project which required me to pay GBP 30000 at the beginning of SEPT 2014. And my Account just barely had GBP 30000 (in HKD). So I need to raise a quick 30000 AUD. With a quick look at banks in Macau. I have successful applied for a personal loan in Macau, reason use as investment fund. I got a $250000 MOP loan, five year term with fixed interest rate of 4.32% PA. The $250000 MOP is equal to AUD 31000. Which is enough to cover the 5% for the down payment. And 2 days ago, I just went to HK to sign the contract of SALE for the Apartment with the Lawyer in Australia using Skype to witness the process. So everything went smoothly. For the remaining 5% percent. I will talk about it on next coming post able how will I come up with the money. Lesson in this was, never let nothing having enough money to stop you from doing deal.


Article by Macao Millionaire Doctor
www.macaomillionairedoctor.blogspot.com

System or Path to Wealth Creation

In my mind there is three main action for the system of ultimate Wealth Creation. First you need an Million Dollar Idea then Second you need a Burning desire to achieve you goal. Then the Last action is to have Fearless Action in making the Million Dollar idea into Reality. That the formula for success. Article by Macao Millionaire Doctor www.macaomillionairedoctor.blogspot.com

August 2014 Update. Buying Real estate in Australia.

During last weekend, I went to a Australia Off the plan real estate promotion event in Macau. The project name is The Altus, located in Docklands, Melbourne. Since I did my tertiary education in Australia, graduate from Monash Uni in Medicine. Australia is like a second home to me. I always felt like buying some real estate in Australia for long term investment purpose. I came across this 2 bedroom, 1 bathroom, 1 car space dealing cost AUD 579,700. The developer required 10% down within 1 week and settlement in 2 years time when the project is come. The location I think it idea with close to city Melbourne CBD and the Docklands it one of the government largest urban renewal project. There is a lot of potential in the location. With some funding issue, I had the developer adjust some term and price for me. With 5% down paid within 1 week and another 5% in 3 months time and small discount on the price of 4700 to be rebate on settlement. This seem a good opportunity for me to buy something in Australia. So I have pay the reservation fee to reserve my spot. I will talk about the fund raising issue on my next post. Article by Macao Millionaire Doctor www.macaomillionairedoctor.blogspot.com