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Saturday, March 17, 2012

Financial Mastery Course

This was a great 2-days course full of calculations by Freemen.  A good course to master your financials.
We started with our Financial Freedom Number.  Although I have done this before, it was great to refresh and remind myself what is my pension fund and what is my properties value in order to support my pension cash flow.
This was followed by a session on setting up a company and the accompanying math. The general rule of thumb is to set up a property holding company for properties worth >RM1mio, otherwise it becomes not cost-effective given the costs of setting up and maintaining a company.
Next, we were sent to Bank Negara to obtain our own CCRIS record.  A CCRIS record shows your capability and dependability to service your loan instalments, and is the reference document that banks use to check your loan records.
Photo courtesy of http://www.propertywaltz.com

After lunch it was another calculation session for debt-service-ratio, followed by a good question and answer session by Michael Tan and Sandeep.
Sandeep at the Q&A

On the 2nd day, guest speakers in the form of a regional mortgage banker and a valuer were brought in, to give us understanding on how the numbers in properties are calculated.  At the end, a short lesson on joint ventures and partnerships, including the Deed of Trust and the rules of engagement are also elaborated upon.

This is certainly a great course for seasoned investors to find out more about how credit can be used to work to our advantage.  And clearly this benefited Sara, and our blogger friend who has more details about the course at her blog: Do You Master Your Property Financing?


  1. this is a great seminar. really recommended

  2. Agreed. But sometimes calculations hard to follow right?

  3. hahaha... i just hate calculation actually.. huhuhu...