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 I Have applied for finance, but my last address was blacklisted by previous owners...?!?ive applied for car finance recently, but they asked for my previous address and i no for a fact that house was black listed by the previous tenants. will that effect me? my mum has been declined store cards etc because of this, but i did say we only lived there for a year.... No, addresses are not blacklisted, it's individuals (well it should be). An investment went bad ~!One fateful weekend, Lil and I were at a shopping mall and we walked straight into a sales man's lair. We were sweet talked into believing that with a small down payment and a readily approved loan (also from MBf), we could get big rental returns by buying a one bedroom service apartment on a lease back arrangement. We were guaranteed of a rental income of 7 percent yield for five years. In Malaysia, at that time, circa 1993, MBf was a pioneer of this concept. I was gullible and made an impulsive purchase! I learnt later on that acting on impulse, in real estate investment, is a cardinal sin! > If property investment is all about location, location, and location, why did I decide to invest in a property in Ayer Keroh. On hindsight, the reason was purely an emotional one. It was close to where my in-laws were. The lease back arrangement gave us 20 days free stay! We thought we could use the free stay and the facilities especially the swimming pool for our recreation. YouTube - michaelkennedy100 Channel: THE BLACKLISTED OPERA SINGER |
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