Junior
there is this article by ryan ong
http://sg.finance.yahoo.com/news/suc...160000567.html
there is this passage by him
* There is also another type of house flipping, which involves the transfer of the title instead of the purchase option. I will discuss this in a future article. Like us on Facebook to get updates!
anybody has any idea what he means?
Junior
Who play house flipping nowadays? The author must live in fantasy land to think that such a money is possible to make in such short time frame. If such a thing is possible the one that best to take such advantage would be the real estate agents themselves.
tweet @condoexchange
Very easy. Just pick up and turn it over.
<<< MONOPOLY GAME SINGAPORE EDITION >>>
Junior
His "strategy" is not new.
But with the current CMs, it seems a bit simplistic.
Senior
there may be some way title can be transferred without incurring seller's stamp duty.
Junior
ryan ong is more knowledgable than the collective knowledge of the forummersOriginally Posted by Regulators
i await his next article with baited breath.
Senior
Don't underestimate the forumers here. The option flip he mentioned has been practised for ages n discussed in this forum many times even before his article came out. I do not think he has any way to circumvent the SSD which is rather watertight.ryan ong is more knowledgable than the collective knowledge of the forummers
i await his next article with baited breath.
Junior
the rest of article forummers know.
i am specifically interested in this passage
there is this passage by him
* There is also another type of house flipping, which involves the transfer of the title instead of the purchase option. I will discuss this in a future article.
the filthy rich (not merely rich) can circumwent SSD, no problem via company structure, the kind that can pay in full, banks will beg on their knees to borrow money kind of rich. however for this kind of purchase, the initial setup is very important.
kind of limited to transaction between filthy rich seller and filthy rich buyer for this to work.
Last edited by hopeful; 21-07-12 at 09:40.
Senior
Senior
This article talk cock.... title transfer also need to pay stamp duty tax.
tweet @condoexchange
agree with minority. lets c what secret "weapon" he come out with.
Junior
Full duty has been paid on the contract or agreement
no matter what, full duty still have to be paid.
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