The I Quadrant - Course Secrets Exposed! (Part 1/3)
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- เผยแพร่เมื่อ 23 ก.ย. 2024
- Is The I Quadrant a scam?
Back in March 2020, I revealed their method taught in the course: www.sgbudgetba...
There’s been a lot of recent talk about The I Quadrant again after some TH-cam videos that referenced my original expose article blew up. But what confused me was that…a few of my friends actually went for the course after that, and they told me the strategies were, in fact, doable. Huh?
So why is the whole internet saying that they’re a scam? Who’s right and who’s wrong?
Now, I still don’t believe that you can OWN MULTIPLE PROPERTIES with LITTLE TO NO MONEY DOWN. That’s very questionable and misleading marketing. But how about the actual strategies? Are they valid?
Decided to call out the accused themselves to dig out the full story. So here’s their method in full.
(There’s apparently one thing I missed out in my original calculations, and THAT actually makes all the difference.)
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P.S. At almost $3k, their course certainly isn’t for everyone. If using leverage and loans scare you, then this probably isn’t for you either. If you’re at the end of your rope and hoping that spending your last penny on this course will turn your life around, this is DEFINITELY NOT for you. Stay far, far away.
P.P.S. I pressed on further and made The I Quadrant tell me their “secret formula” for selecting the RIGHT property - in the name of transparency and being accountable to the public. Stay tuned when I reveal it in the next video. If you've always wanted to learn what they teach but didn't want to pay all that $$$ for it, you won't want to miss this.
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[ Key Video Segments]
2:15 - The I Quadrant's method
3:33 - 𝟭𝟬% "𝘀𝘄𝗲𝗮𝘁 𝗲𝗾𝘂𝗶𝘁𝘆" for their Property Leaders, true or false?
4:40 - did you create this community so you could sell them properties and earn agent properties? 𝗪𝗵𝗮𝘁 𝘄𝗮𝘀 𝘄𝗶𝘁𝗵 𝗜𝘃𝗮𝗻'𝘀 𝗵𝘂𝗴𝗲 𝗰𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗯𝗮𝗰𝗸 𝗶𝗻 𝗝𝗮𝗻 𝟮𝟬𝟮𝟬 that won him a Titanium Award?
6:50 - isn't it irresponsible that The I Quadrant teaching leverage?!
7:45 - the "mistake" in my original calculations and 𝗵𝗼𝘄 𝘁𝗵𝗲 𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁 𝗺𝗶𝘀𝘀𝗲𝗱 𝗼𝘂𝘁 𝗼𝗻 𝟭 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝗰𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗽𝗿𝗼𝗳𝗶𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀
14:45 - profits are in fact 36.8% per year and not just the original $7,224 shown
15:03 - 𝗮𝗿𝗲𝗻'𝘁 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 𝗼𝗻 𝗮 𝗱𝗼𝘄𝗻𝘁𝗿𝗲𝗻𝗱?
Huh? The rent to work out the cash flow is already from the tenant. Why double count again? Tenant pays rent which is the cash inflow to pay off all the cash outflow like mortgage p+i, taxes etc. if you deduct the mortgage p from your outflow, u should also reduce the rent which is the cash inflow by the same extent what.
Profit was not annualised correctly. Scenario given in the other video by Iquadrant with 50% occupancy rate had negative cash flow. Pls get your numbers right and tell the full picture instead of misleading others.
If the trainers are making so much money through properties , why are they spending so much time and money advertising and selling courses ?
Becos make money from course and grow the community is much easier and faster
It is already not believable right from the start yet the more they try to insist their trustworthiness in all these self-exposed videos the more dubious it becomes.
True, they can only dupe the gullible
Yes it shows how deceptive and scary they are
For all you haters who are just throwing eggs and insisting I'm affiliated/paid/promoting for I Quadrant, I hope you feel proud of yourself for all the name-calling and false accusations you've made towards someone who hasn't even earned a single cent from this video and is really just doing this for public service, as with all my past investigative pieces as well.
oh, and since you haters are all so pro right, I'd like to issue you guys a challenge:
from now up until I release my third video in this investigative series, please find me any online resource (dated before 1 December 2020) where someone can actually find out WHAT IS THE SELECTION CRITERIA that I Quadrant teaches for their students. (Yes, the very same formula that people pay $3000+ for the course to learn)
P.S. so before you tell me about how poor my investigative piece here was, maybe you should first try to do a better one yourself :)
Question: anyone know why GST is not part of the calculation? Shouldnt this be one of the biggest buying expense?
Just for disclosure, did I quadrant pay u / provide any perks for u to do this?
did you even watch...? how do you think that is necessary based on the questions she drill them?
@Jeffery Please use some common sense if she is a skeptic, why would her opening be “ i mean there are thousands of people that paid for their course. Thousands of them are not all that gullible right. yet the online community think otherwise.” this leading statement already is a red flag if she is going to act as an investigative journalist. Moreover she have already form her own bias when her friend told her its actually doable
Also she didn’t even go seek other professionals opinion/advise etc. Based on their maths alone convinced and eliminated her suspicions. On top of that the whole topic is correcting her maths on an article she previously posted as a ‘skeptic’.
It is only natural to raise suspicion that they are in cahoots and just by their body language it is as though they have met before which make it even more dubious that it could be a staged interview.
Just to let you know scam victims do not know they are being scam until its too late Unless someone steps in. If not why everytime read the news always got articles people being scam. Or got articles like one person stop a scam victim from being scam.
Full disclosure: I did not receive a single benefit from The I Quadrant for this video, unless you count that one can of Ayataka Green Tea which they gave me when I was interviewing Shawn and Germaine at their office...
The opening statement of "thousands of people" is based on I Quadrant's number of graduates who attended their course.
My INITIAL bias, which you can see from my March 2020 article, was clearly not in favour of them. At that point, I interviewed 2 of my friends who attended their course (both in their early 20s, income $8k a month, and about half of them were self-employed/business owners.
"Also she didn’t even go seek other professionals opinion/advise etc. Based on their maths alone" --> in the original article, I consulted 2 lawyers, 2 bankers, 2 property agents and 2 (negative) students. For this video series which is to show the other side of the story, I interviewed 3 students, 1 property leader and the founders themselves.
It is totally up to you guys to make your own decision and judgment. But what I'm definitely sure is that there is no other person / commenter / media creator until now out there who has bothered to get both sides of the story, and with the number of sources that I've interviewed. Bear in mind that the total number of interviewees I've had so far = 14.
I'm not being paid for any of this work, neither am I a salaried investigative journalist, so do bear in mind that I'm doing all of these after work / on weekends and there's a limited bandwidth that I have. However, if you have more questions / sources that you think could add more colour to the story, I am more than happy to review and see if a Part 3 would be good to add, and then allocate resources to covering that :) if so, you can always reach me anytime via email, or on my Facebook page.
@@budgetbabesg thank you for your reply, but i think you miss my point the leading statement is a red flag because you are leading the audience to the conclusion , if your objective is to make us to decide for ourselves. It has be a non-leading statement.
Example, Today we are here to investigate and find out the truth whether i quadrant is a scam or the courses are legit. In this 3-part series I will be interviewing the owners first, then those take up courses etc etc.
Your leading statement we don’t even have to see part 3 video we know you are already trying to vindicate them which is very hard not for us the audience to throw any suspicion that you are in cahoots with them and i am very sorry to say this. it is very unfortunate if you really not involve. I hope I didn’t offend you in anyway
And for the maths, numbers can be inflated, to make it more lucrative so that more people will go attend their course. It has to dig deeper. Find out which unit they bought. Look at another unit of that building, find out the owner or tenant ask them how much they are making/paying the rent, loans they took, principle. The occupancy rate Etc. Etc.
Then draw conclusion.
@@diesopain260 I see what you mean now! Didn't realise it would come across that way. You're right, perhaps I should have worded that part better.
Haha your suggestion is not bad but erm too much effort when I don't get paid leh. Plus there's no telling if they're gonna just shut the door in my face - there's no obligations for them to disclose that to me especially when it's pretty intrusive financial data. Can you nominate another investigative journalist, maybe one paid by Mothership or Straits Times, to do that work?
The below is really something that I wanted to find out about I Quadrant to address my concerns. Apologies for the long post and not throwing spanner at you but more of really a genuine query.
I seriously do not understand how they can achieve all the profits if it's going to be purely based on generating profits from the principal and cash flow excess every month (and on basis of not planning to sell the property). Hence really want to find out the basis and believe many would want to know as well.
So let's say a person bought a commercial property with 33 years remaining and take loan of 25 years. So if planned on the basis that property is not going to be sold and no potential capital gains, then there is no 'principal profit' to begin with and the only profit is from the positive cash flow every month right for next 33 years? So again, let's say initial calculations is that positive cash flow is a very optimistic and good yield of $500 bucks after deducting everything, so if life doesn't change, it would mean that over 33 years, the property would have generated at least more than $250k of profits (as let's say from year 26-33 no more loans hence all rentals would be positive cash flow.) Sounds very good though and totally doable if that's the case.
However, it is highly unlikely that the situation will remain the same. The reality is that as the property gets older and new commercial property pop up, the rental yield will get less and less over the years and while you are paying the same mortgage for 25 years, there is a very likely chance that maybe as the property is remaining 20 years of tenure, the rental will start to drop and it will mean this $500 of positive cash flow may be down to 0 or most likely even negative in the last 10 year plus of mortgage payments. If so, how can it be attractive anymore? If by that time want to sell, also no investor will want to buy since the tenure is so short and even if there is a buyer, the price would be suppressed and again, high chance may not make a profit per se. So if let's say not able to sell and continue to hold on to the property (since this is what I Quadrant is calculating based on) and hope that once the mortgage is over at 25 year mark, then the rest of the rental from years 26-33 would be all profit. But if that is the case, wouldn't the negative cash flow until the mortgage is paid off a ticking time bomb as not everyone will have tons of money sitting around to 'top up' the mortgage payments during the mortgage years? OK, so best case, let's say if the person has the financial means to hold the property for 25 years of mortgage and then 'enjoy' the full benefits from year 26-33, how sure are we the property is even rentable at good rental yields to begin with when the property is only left with a few years of tenure? So how much can the unit be rented out and even if can be rented out, it may only be able to cover the 'negative' cash flow incurred over the last many years while paying the mortgage.
And again, the above scenarios are on the basis that every month can rent out without any breaks. What if on average every time the tenant change every few years, it will then take another 4 conservative months on average without rent to find another tenant. And if let's says the positive cash flow is $500 every month, by having 4 months of no rental and say mortgage is about $2.5k per month conservative based on I Quadrant's scenario, that would be $10k of mortgage and based on $500 of positive cash flow from rents, that would mean a good 20 months or more than 1.5 years gone down the drain. And again, that's even on the basis that property is consistently able to get $500 positive rental cash flow which definitely will start to drop to negative as the property get older.
So if they say, OK, then dun get such an old property where there is still sufficient tenure (say get a remaining 50 years of tenure property) so that when it is time to offload after a few years, would still be able to secure capital appreciation, however that is on the assumption is able to secure capital appreciation, which is never guaranteed. But if that is the case, the initial quantum of the property would be expensive and high chance is that it is not able to get a good positive cash flow every month as the mortgage amount is going to be high.
So from all these, really do not understand about how 'safe' and 'risk-free' such a program is as there is a lot of implications and unfortunately, such implications may not be visible until a few years down the road, which by that time, for anyone who is stretching his financial means right from the start, that person is going to be in a lot of trouble financially and may be unable to get out of this problem as they will be stuck with such a property.
Hence, when you try to validate that their program is doable or not, yes, it is doable initially in the first phase of a few years when the property is still newer and able to command the rental yield. But the risks are inherently very very high as the years go by and this is where the company is not telling all the participants of such potential risks years down the road and frankly, it is not I Quadrant's problem as they would have earned all the course fees and it is the students problems by then. Therefore , it is dangerous when all these risks are not even covered adequately at all and worse still, not covered in any form BEFORE payment to their course. And that is why we stand by the idea that their course is considered a scam in that aspect.
Choice of property is the key. A good property gets tenancy much more easily. The property layout, its configuration, location, environment, facilities and surrounding are parts of the 'right buy'. For the right buy, getting tenants is not a problem. Your tenancy agreement would require your tenants to give advance notice to allow you to get tenant with minimal 'untenanted gap'. Even so, it's still prudent to keep a few months of rental as reserve.
Undervaluation (bought below market value) of the property ensures capital appreciation even when the market is stagnant when you decide to sell. Even when you sell it at market rate, it will be higher than your original purchase price. In the event that you sell off your property at the original price (or even less), you would still be making a profit (because your tenants have paid up the 'principal' portion of your mortgage.
You are taught to look at data and not your emotion when sourcing for such a property.
Do you have time to do your research? Are you confident to take the plunge when you narrow down on one? That's where the community and the timely support of your assigned mentor come in, to ask your questions, your doubts and problems that may arise, e.g. loans, legal issues, gst etc. So, it's not just filling the knowledge gaps but also the execution process where help is needed.
What about recession? Tenancy are usually 2 to 3 years with the option to extend. Some tenants want 5 years to lock in the rental. So often you are not affected by recession. Commercial properties are not recommended because they are more susceptible to recession.
That's my take to some of your questions for whatever it's worth.
@@Time4Peace thanks for the reply.
Even if the property tenure is long, who is to say it won't be a situation where by the tenure is ending and yet it's in the middle of a recession and no new tenant can be found for say 1 year? Or even if the tenure is still on, who is to say the tenant will not terminate and default early due to business failure?
That being said, I totally do not disagree that it's about choosing the right property, just like choosing the right stocks. A lot of hard work and effort needs to be put in and not every Tom dick or Harry is able to pull this off, whether financially, emotionally or mentally, even if they are taught how to do it. Such course are probably only suitable for a very small group of people that fits the bill of not just having the financial means, but also has the risk appetite. Furthermore , it's property that we are talking about where the exit strategy is not so straightforward and easy like stocks where you can liquidate very quickly.
That is where I totally disagree and condemn the entire I Quadrant concept (and also those get rich scams in the same category) where they are trying to make it so sexy and easy for ANYONE to make money without much money or effort and without listing down all the risks before people sign up for their courses. Once people sign up already and go for their course and find that the content is not suitable for them, it's already too late for them to do anything as they have paid for the course. If this is not cheating and a scam, I do not know what is.
Compared to many purported sensational fake review channels, I must say that this channel really attempt to get at the facts to give its audience a good idea of IQuadrant's theoretical foundation. I wish I have available similar reviews of other programs before I took the plunge. If more channels could be as responsible as this, many predatory programs could be eliminated. Kudos for a commendable job done!
My relative paid for their course & said iQuadrant profited $500000 commissions (in 1 mth) by selling UB Point building to their students. Ivan bought some units, Germaine did not buy (Ivan’s properties always marketed as hers) & now they want to put IQuadrant logo on UB Point Building. Students who own the units are uncomfortable as the logo portrays the building as 'theirs' when its not = Misleading public. Just curious, UB point (B1 industrial) tenure since 1997, left with 37 years only. Sell in 4 years means 33 years left, will it depreciate?
P.s. Ivan comes from a very rich family, he took over his dad business.
Hey! We have always marketed as I Quadrant which is the combined of 4 of us. And will continue to market as such. We as four founders are also very comfortable in investing together due to our close partnership. On top of Ivan unit, we have another unit which is close to 3000sqft. We have always been open to our community and that’s the reason why your relative know exactly who bought and which units we own.
500k might seems a lot as a number thinking it was earned through 1 month but don’t forget we are an organization with proper overheads and team members and the deal was negotiated and executed over a span of a year. To share with you, we risked over $2m of our own money (we put up the option money and had to be ready to compensate if the deal did not go through due to a very strict condition by the seller). Looking back, it wasn’t the best business decision to take on the deal but I’m glad the community benefits in purchasing a unit at an undervalued price.
To also answer your questions about the logo. Yes we did put up a official request via the MSCT to purchase the advertisement rights (it’s not free). As you can see, everything have to be done through a proper system and we don’t use our authority to pressure anyone into anything. Unfortunately it wasn’t approved by the MCST and we totally understand.
I know right? When I saw the Titanium award that Ivan won for $500k commissions, I was very skeptical and believed they were earning from their community members which isn't ethical. You can see me asking them about this from 4:40 onwards, where it turns out that the commissions were paid by the developers and not by the students.
And to verify what they told me about their students knowing that Ivan was getting commissions for transacting this deal, I also spoke to their students. This will be in the next video.
Calculation make no mentioned about 'Buyer Stamp Duty' + 'Agent's Sales/Purchase Commission' (in %).. This will be a big blow to the actual numbers as payable % is based on Full Property, and not 10/20% down payment value..
Just wanna say that I appreciate your interrogation and effort in making this video.
thanks! makes the hard work worth it
Omg never expected to see a wokesalaryman here
Profits are double counted as principal was already part of the rental. Any accountant worth their weight in salt can see that.
I agree. They inflate numbers..
They are also making misleading statements like limited FX risks and that inflation means they can raise rent at will. I think the worst is promoting interest only loan which mean whoever follows their “guidance” is forever in debt and this debt do not carry risks that the properties they recommend will only appreciate in value.
Can someone explain at 10:56 why is the principal added back to reflect the capital gain? Isn’t that double accounting?
the original $7,224 profit that I wrote in my March article was inaccurate, because it was only based on the positive rental CASH flow of $602 per month x 12 months.
what I missed out on was that to calculate the profits, there's also the principal downpayment of the mortgage - which we didn't pay a single cent for, since it was all taken from the rent that the tenant paid.
in other words, that principal (on the mortgage) therefore becomes our gain, and hence our profit, because it wasn't a cash outflow that we had to pay at all (vs all the other stuff like 10% downpayment, taxes, MCST charges etc).
I see Shawn here in the comments, he might be able to explain it better than me.
@@budgetbabesg i stand with you on your calculation on the annual postive net cashflow.
Not too sure why principal is comingled with the annual cashflow - capital appreciation plus cashflow will equate the total return when property has been exited.
I totally get your meme at 11:02
@@eugenekoh1760 hey, I think what they want us to understand is that on top of the $600 positive cash flow every month, they are also stashing up money in terms of principal payment. This means that technically per month they are earning $1213 (in property equity) as well as the $600. This is around $77k in 4 years.
www.calculator.net/loan-calculator.html?cloanamount=666000&cloanterm=30&cloantermmonth=0&cinterestrate=2.68&ccompound=annually&cpayback=month&x=71&y=7#amortized-result (click on the View Amortization Table tab )
Take a look at the rough calculation. What they want to tell us is that at the end of year 4, the total debt owed to the bank will be $588k. Which means they will get back $792k - $588k = $204k. The $204k - their initial downpayment is their capital gain. Which Capital gain in this case refers to both capital appreciation + principal amount in the mortgage that they paid.
So it is right for them to include the "principal amount" as part of their appreciation/revenue as those are monies received from the rents that they used to paid off for mortgage.
In short,
purchase time: $740k property, 10% downpayment $74k, loan $666k. Per month instalment $2.7k ($1.2k as principal/equity, $1.5k as interest)
selling time (+4 years): $792k property, remaining loan $588k. Revenue will be $204k. Profit will be $204k - $74k = $130k. This $130k is the profit that they receive in terms of Capital appreciation and Principal amount gained as they did not pay a single dime over the past 4 years to finance the mortgage. Plus the $600/month it will be roughly around $160k.
But of course, this is just entirely eliminating the stuff that I mentioned above on occupancy rate, having enough to finance during tough periods etc and basically just closing both eyes on any expenses like renovation, agent fees and other misc fees that a property owner will have to pay over the few years and provided you can find a property that gives you a positive yield when you sell too.
This is possible and people like Graham Stephan (th-cam.com/channels/V6KDgJskWaEckne5aPA0aQ.html) did in the US to own many properties. But it is definitely not a quick fire way to get rich hahah.
@@小明-b8f thanks for sharing.
The calcalation shared by TIQ was rather convoluted IMO. I prefer to keep the capital appreciation on the exited asset to be counted seprately from the cashflow. It is pretty much expresed on investopedia with reference to the link below.
www.investopedia.com/articles/investing/062215/how-calculate-roi-rental-property.asp
As enticing as how TIQ presents commercial real estate investments under blue sky scenario, i think taking on a single asset risk by leveraging to its maximum goes against fundamental risk management logic.
@@eugenekoh1760 I do agree from your pov. Property Investors like Graham Stephan owns a few residential properties in USA with an eye to retire in 30years when the houses are fully paid up. That is fundamentally different from Singapore due to our lease issues and ABSD for freehold residential properties. I think the idea of doing a maximum leverage is okay if you have enough capital on hand. Not forgetting the fact that the rental is subjected to tax too. If you are not earning or just breaking even after costs and occupancy issues, then the increased in tax bracket/percentage might suffocate you in future.
I took a look at the website you state. I like how it shows the different cost breakdown that you have to incur.
There is this part on Home Equity which is what they are trying to justify which I feel is reasonable that they included.
-Some investors add the home's equity into the equation. Equity is the market value of the property minus the total loan amount outstanding. Keep in mind that home equity is not cash-in-hand. You would need to sell the property to access it.
To calculate the amount of equity in your home, review your mortgage amortization schedule to find out how much of your mortgage payments went toward paying down the principal of the loan. This builds up the equity in your home.
The equity amount can be added to the annual return. In our example, the amortization schedule for the loan showed that a total of $1,408.84 of principal was paid down during the first 12 months.
The new annual return, including the equity portion, equals $6,425.68 ($5,016.84 annual income + $1,408.84 equity).
ROI = $6,425.68 ÷ $31,500 = 0.20.
Your ROI is 20%.-
So dubious. Where's the stamp duty ? Agents' fees ?
Isn’t the principle paid by tenant calculated as part of the capital appreciation? The calculation is inaccurate to high degree…
This video is so one-sided. If you do not have any interest or receive any kickbacks from I Quadrant, that means you are totally ineffective in being a skeptic to question them the hard question. It is so obvious that you are trying very hard to be on their side and agreeing with everything they say without even trying to question them on their answers. Poor video and totally lack impartiality.
Do you even wonder the following:
1. it's not normal to always be able to get a 3.9k rent for a property of only 745k. Of course they can take a best case case study to hoodwink you cos with a high rental, of course whatever sums they do will surely be positive as there will always be positive cash flow.
2. Have it occurred to you that what if the place not able to rent out or even in between of tenants, the place may be vacant for possibly a period of time which eats into the cash flow. Then how to pay for the mortgage if got no funds available (since they always advocate little or no money down to buy a property!)
3. What if the group of buyers later on have different views and want to split the property and may then end up with a loss if forced to sell, etc? Did you consider that?
4. Why is it you never question if their method is so good, why the hell do they need to be charging thousand of dollars for a course? If they want to make good for the community, then why not charge a token sum of say 100 bucks to cover admin cost since they would probably be earning millions of dollars from property itself if it is so easy and risk free since they are so guru level that they will have high chance of making money and selecting the right property.
5. Why do they not dare to tell people in their website how much their 'masterclass' course fees up front? By not saying upfront and just saying it's free to click for a free webinar and then subsequently reeling them in and make people part with their money is a sign of hiding something and totally unethical and lack of morals.
6. Have they ever evaluated those people whom they make to pay for their course fee on whether these people really can afford and even if the market suddenly tank? Did they advise the people on the risks or all they are concerned of is to earn all the course fees and line up their own wallets?
7. What if the property suddenly drop in value and then bank may ask the investors to top up the mortgage. Has such risks been told to the participants?
8. Conclusion, please do not kid yourself and everybody. if it is so easy to make money, there is really no reason why they want to set up a 'training' company and focus on training and charging people tons of money for their so called courses. They would have easily made their millions from all these properties (thought they say 34) and what is stopping them to have 340 properties if their method is so sure-win? What they never tell you is how many of the properties that they own are not earning money and they gave you a best case scenario to review. U must either be a really gullible person or you have so underlying benefits for wanting to do such a video with no proper context and impartiality involved. The issue is never about them trying to teach people about property. The issue is them charging thousand of dollars to people and not telling people adequately the risks involved and yet make them pay for the course fees thinking it is so easy to make money. This is why they are considered a scam in that context even though they may not have done anything illegal per se.
Exactly. Owning properties from little to no money down is very deceiving on its own.
@@JG-gf5vj yes. Totally unrealistic and dangerous way to advocate to your participants. Conclusion, it's a scam and what is sick about it is that still there are people who tries to do such videos to 'help' their friends and as if MAS won't investigate them further as a result. Let's call a spade, a spade, hence an utter scam in scamming people's thousands of dollars.
says someone who chose to act by only leaving online criticisms and questioning the intention of anyone who does not subscribe to the same view. at least I got some answers out of them and shed insights that were not even possible to find on the internet prior to this unless you paid to attend their course. that alone, is already saving tons of people $$ otherwise.
given that you say your questioning is so good, I'd love to see you do a video. go on, ask them all the hard questions that you just blindly assumed I didn't, and do a video to show us how "effective" your work is.
@@JG-gf5vj exactly, the marketing is misleading and I've never once changed my stance on that. someone could debate whether it is factually accurate, but that doesn't mean it isn't misleading and thus shouldn't have been used.
@@budgetbabesg Despite MAS coming in to investigate and the fact that they are misleading people in the way they are marketing their courses and charging tons of money for it, by you advocating and supporting them is tantamount to causing more innocent people to fall into their trap and undertake unnecessary risks in their lives. Such heavy leverage investing is not for most people as the risks are very high but they way they make it sound so simple and no need much money to invest and everybody can do it just like any housewife (video where they go around interviewing HDB commoners or little or no money down videos). And when things go wrong, no risks at all on the company as they would have earned all the money from the participants. If that is not misleading and unethical, then not sure what is.
It's people like you who are 'supporting' I Quadrant despite all the misleading marketing and alarm bells that is really quite repulsive.
U destroyed your reputation after doing videos for them..
Appreciate the video.
Most of the time, people do not see the breakdown in mortgage payment between principle and interest.
Overall, for all these to work, you need to find a high degree of units with high rental demand and high rental yield for it to be worthwhile the effort.
Yes, even if you are facing a negative cash flow every month (rental less than mortgage), you still gain from the reduction in principal payment with tenant paying it for you.
However, if you find a less desirable unit like strata-title shop, you'll be bleeding with high vacancy rate.
thanks for appreciating my efforts! Ya, I never knew you had to consider mortgage as both elements, so I was pretty mind blown when they explained this concept to me. I also asked about exceptions, so they said there's a strict criteria to follow (will be out in Video 3).
according to TIQ there is a set of strict criteria.
negative cashflow unit is a wrong buy.
high vacancy rate is a wrong buy.
no need to have high rental yield (it could be fake and not sustainable) but must have good market rate rental yield.
Right Buy is the keyword.
Anyhow buy from agent's random recommendation for their own agenda, of cos risk to lose money.
@@tubingvideo aiya you reveal then not much suspense left for my third and final video. lol. although now given all the flak and backlash (so many personal attacks since the first video came out), I'm kinda having second thoughts whether I should even reveal that for free, even though I Quadrant has said I can.
@@budgetbabesg haha .. i also try not to say too much. i only mention 3 criteria and not in detail.
But yah, you took the effort to do an objective review, went in-depth to understand the detail which is better than the rest of the expose videos with just "googling review" ...
anyway haters goner hate no matter what.
@@tubingvideo exactly. many so-called "exposes" didn't even go to the depth of research that I did, and between March (when my first article was published) till now, no one has managed to investigate or dig up and share anything useful to help others discern better on whether The I Quadrant's method might even work. We can disagree with their marketing (I certainly do), but what about the method? Does it really work? Can it even work? This is the #1 question that everyone wonders, but yet no one bothers to do the work. The majority just chose the easy way out (sharing of their opinions), as if we don't already each have our own opinion on the I Quadrant, lol.
Talk is cheap.
Prove it with action instead.
First, I wonder how they do the maths so fast, it sounds scripted. I'm a video producer myself and even bankers or lawyers can't do such calculations that accurate and fast in live recording.
Second, the entire figure sounds like it's been well scripted. Why can't they reveal what commercial project it actually is? There's no transparency or proof. I can script things out myself and just tell you in the video without showing any proofs that I actually owned those units. They sold 3 properties during CB!? Who's the buyer? Sold at what price? Which property? Where's the transparency? Or anyone can just tell you that and you just believed it...
Third, you didn't question them how they were so broke, but suddenly they became property master and even open up academy and started selling expensive courses.
Four, is selling courses more profitable than property investment? For example after they selling property after years, they only earn around 100k but selling courses for thousands of dollars, can easily earn more than 100k in a month or just a few days. Same goes to Amazon business vs selling Amazon courses.
Go interview those 'students' who regretted buying the course and see what they have to say. Go interview those 'students' who's so called successful and what they have been making. Show solid proof... Otherwise this would be just 紙上談兵...
Valid points. IQuadrant teaches industrial property (not commercial btw). My relative paid for their course, and bought UB Point & Ubi Techpark from iQuadrant. He has no answer because they teach to sell in 4 years, so their community will only find out in 4 years. By then that industrial is left with 33 years.
probably because that case study is what they teach in the course (that's why I had it in my March article - it was taken from the notes my friend shared with me after she attended) as one of the first few properties they own. I dunno how many classes they've run already, but if I was teaching the same case study each time, I guess I would also be fast at it haha
@Gen Pur Germaine sold UB Point to my relative which is transacted through Ivan under Propnex. Commission split between Germaine & Ivan. My relative admires Germaine’s drive in making money, they have a very good friendship
@@budgetbabesg do you own property? I have NEVER seen such rental claims that they are putting out. For comparison, a 1 bedder 1.3m orchard condo can fetch maybe $3.4k rental ? It’s ridiculous they aren’t being pushed to be transparent with the units / rentals they claim to be making big bucks on.
@@calvin1252 it's not residential, the example here was a dual-key industrial unit which was rented out to 2 tenants. It's the same example I used in my original March article.
isn't this double counting ? you cant simply indicate that the principle paid as profit... its as good as saying that they are paying you 30.76% more rent or $5165/ month in rent instead of the $3950/month.
36% ROI sounds great. But in absolute number, it is only $10k per year.
Not much diff from $7k per year of cash flow.
All commercial and industrial property has significant depreciation, which isn’t factored into the cash flow calculations presented.
A 400k industrial building with 30 years remaining depreciates at 10-15k a year. Factor that into all your calculations and it’s likely all losses.
Easiest way to earn is to sell the depreciating asset to someone else foolish enough to buy it at a higher price.
my relative bought UB Point (B1 industrial) from them. Tenure since 1997, left with 37 years now. They teach to sell in 4 years means 33 years left by then. iQuadrant taught my relative to borrow from family so he borrowed and bought a lott of industrial units. No money down on his part, because family money.
He did face difficulties renting and they offered that he can pay another fee for iQuadrant to find. Will find out in 4 yrs time...
Exactly mbioice. Seems Shawn got nothing to say about this. Sigh, I pity those who bought into IQ on this
@@geekxb3314 How many units did your relative buy? Were they all based on The I Quadrant method, or did some not follow the equation? Why did he face difficulties renting - how are his neighbouring units? Rented? What is the condition of his unit?
Is your relative willing to speak to me and put his face/name to it? I can then run a story on this. I didn't manage to find any within my own network who had losses from applying The I Quadrant method, so if you're saying your relative was one of them, I'd be keen to understand more.
@@budgetbabesg My relative followed their methods exactly and bought what they suggested Ubi Techpark, UB Point, UK/London & Malaysia properties. Malaysia unit is still building. He can't give a solid answer because he bought a few months ago. It is very easy to buy. The whole community is new and taught to sell in 4 years to gain 100k. Can only update the real results to you in 2024 after he sells.
@@budgetbabesg fuyoh
Absolute scam. These guys are not qualified to teach.
I agree
All stupid advice. All about leverage. If interest rates go up or if there is a crash, you will be in deep shit. And eating shit. I pay for all my properties with cash btw.
@eugene koh
capital gain is on top of principal. how is that double accounting?
assume 100k downpayment
400k bank loan you
when you sell with capital appreciation (eg. 50k), you gain 50k capital gain.
over the years when tenant pay you rent (assume $3,500) and you pay you monthly installment ($3,000).
assume monthly cost $400.
you get $100 positive cashflow monthly.
very simple calculation. $3k is monthly installment ($2k goes into principle, $1k interest to bank)
after 4 years you will have ($2k x 48months) = $96k principle paid (money from rental)
in total after you sell your property at end of 4 years you will get back
Downpayment = $100k
Principle paid = $96k
Capital gain = $50k
Monthly positive cashflow = $4,800
you ownself calculate the ROI.
can you see where the the knowledge gap?
this is just one of the stuff you get to understand from iQuadrant.
Probably you can get to learn from free resources.
BUT, you dont know what you dont know, where to find what to learn?
I am pretty sure even property agents themselves dont even know what they dont know.
So they tell you it cant be done.
nice logic
How much the paid you ya?
Ha ha ha. None, unless you count a can of Ayataka green tea because I was thirsty from all that questioning.
They did not add in the seller commission paid to the agent when they dispose their property. I not sure whether they got miss out more costs incurred too
Trying so hard leh words from '3rd' party is more reliable I guess!
Very suspicious intent
are you saying that of them, or accusing me of suspicious intent?
my intent is to draw views on a trending topic, get the other side of the story to wrap up my investigative piece that started all the way from last year, and reveal their course methods that have not been shared elsewhere. this way, the public can draw their own conclusions and make their own judgment. I am not here to sway your opinion, nor do I have any incentive to do so :)
bonus: if you guys then like what I do, liking and subscribing to my channel will make me happy and more inspired to do more videos :D
@@budgetbabesg, well I already have my conclusion and I think a lot of people out there already have theirs as well.
@@Victor-rt3fx if you want to judge me on something that isn't even accurate LOL there's no need for me to explain myself any further especially when there's nothing for me to gain :) haters will always be haters. thanks for adding one view to this video anyway, bye!
@@budgetbabesg, there is nothing for me to hate. It is always good for one to find a proper job and make a decent living.
@Gen Pur You sound like a pro. I nominate you to do it better than me then. Let me know when you do.
Ask anyone who has done trading/investing, and they'll tell you that they have that one sexy trade/counter where they make a lot of profit from.
I shorted oil throughout the early days of the pandemic, and held onto two trades on the day it went into negative price. My total returns during that period were over 400%.
However, this is far from my real returns. Most months I make 3-5%, bad months I lose money.
So what Shawn and Germaine aren't telling you, are their losses.
Also, I asked Shawn how to bypass absd. He told me to find an investor to park the money under someone who doesn't own any property.
Eh, who will be so stupid as to park millilns of dollars under someone else's name? 🙄
BTO with 5 years MOP. Germaine and I got married at 25yo and 24yo respectively. The worst part is you have my direct mobile number. And you don’t even bother to ask me directly. What’s the point in you bashing the fact that we got a BTO? I still believe that BTO is a good start to many young couples. It serves as both an affordable housing + if you are ready to upgrade, you can still make a tidy profit.
I agree with you. just like the commenters on other TH-cam videos.
Hope more people can watch other videos and can arrive to a conclusion.
LOL 🤣🤣🤣
@@shawnlee8005 BTO has 5 years MOP. You can move out and rent the place out by 30. You are 34 right now? You started seminars about 2 years back. So between 30-32 you have a good 2 years to move out.
Sorry, not buying it
@@shawnlee8005 btw, that article was written last year. So you were 33 back then? You have a good 3 years.
If your property investing were really that good, you could have moved out earlier too.
Sorry, but not buying it.
@@TheBrandgineer I’m 32 years old this year. I registered for my BTO at age 25. It took 2+ years to build (got balance of sales - priority to those that have a baby. My son is 7 this year.). 5 years MOP starts from the day you get the keys and not the day you register for the BTO. I just sold my BTO for 722k with a purchase price of 447k excluding grant
Which unit did they bought 10% in?
Paid advertisement
Absolutely. Budget babe became their speakers for 2 events after this video
Either you are a high net worth investor who can take a loss or very lucky
well i for one do appreciate the videography and journalism effort! Keep it up!
Good job, well done !
Yes thousands of people are gullible. Its already proven with the number of gamblers and people falling for loads of nonsesnse. Can you eat shit and still survive? Yes. Doable. Doable is a big word. Doable. Yah. 😎
Ya same with those people who went for Sunshine empire
@budget babe
There are lots of people as skeptical as you because they lack the knowledge.
But when they went through the course and understand the perspective, they are as mind blown as you in the video.
And whenever people see "no money down or with little money" why they automatically think there is no effort needed? Wrong mindset.
when "no money down", realistically you should know you need to double down the effort.
cant understand you. what language is this?
A language you can't understand, I suppose