ASKING SEAN SPECIAL | ALMOST BANKRUPT FOR A PROPERTY 

The uncle with whom you collaborated in purchasing that JB property made decision (in altering the loan tenure) to his own benefit without regard to the implication that decision had on you, a junior partner in the deal, pushing you to the brink of bankruptcy. A person who is not respectful of a partner's financial situation is not someone we should ever partner with again.

Thank you for sharing such a personal and vulnerable experience of yours with us, just so we all can benefit to learn from your experience instead of the more painful reality of personal experience. Authentic as always, Sean! 🙏🏼

I particularly liked your saying of people having no exclusivity in their job function, exposure and experience; and that the takeaway is to find some means or way to sell more rather than convert time into money. Thank you for sharing such a personal experience in great details. It is a very relatable and informative experience that most friends or even elderly do not share. Please know that your time and intention are very much appreciated 🙏

A very good financial education for all. Listening to your sharing is like listening to a big brother talking to me. Thank you for sharing from bottom of the heart

Came to see house review, got life lesson instead. Thanks Sean, much appreciated. Great story, motivate me better than self help book already. :)

This is why I love listening to people with experiences. There are lots I can learn, wish you the best in life sir!

Sean, I 've watch a lot of your videos on property investment and is still watching them as you have provided very good insight. I have also made big mistakes in investments although it is not property related and have lost considerable amount of money in them. But as you said, for every mistakes we made, we are to be accountable to it and not all mistakes are gloom and doom as there are also valuable lessons to be learned from it to make one become stronger, wiser and better in future. So Sean keep making these informational videos and rest be assured of our support to your channel. All the best to you.

Great sharing! I can totally feel the force from the dark side - great power comes with great responsibility. Always understand the risk that comes with our decision. Thanks for the sharing Sean!

Brave/Honest/True/Compassionate/Strong/Mature/Hardworking/Never said Die/Contemplation/Appreciation/Understanding/Street Smart/Practical/Passion/Resilient .....tqvm Sean.....apprciated your sharing....

This is such an educational piece. Went through the entire “sell time for money” thing 2 years ago and working 17 to 20 hours a day while falling asleep infront of my laptop was the most painful thing ive ever tried to “escape” from the rat race 😂 now im past that stage and am looking for a property myself, your advice is as valuable as ever! Thanks Sean!

This journey has made you much stronger

"Everything happens for a reason", Sean you teaches us important lessons in Life!

I thinks imperative to agree to terms of the financing before accepting the offer.

This is very admirable, Sean. I would have given up if I were you but you pulled it through. Congrats!

.thank you for sharing ur story...very valuable. i'm sure many youngsters can learn for it!.

Some intense life wisdom that was, thanks for keeping it real & sharing, Sean!

Thanks for sharing your personal experience, boss. Your experience reminds of a saying that " Everybody has a plan until they get punched in the face" . It is how one deals with the aftermath of the punch that separates a winner from a loser. Looks like you handled it like a CHAMP.

Hey Sean, this is one of the most interesting topic that you shared. Great sharing with the experience you had and I believe a lot of people went through this and yet they don't know how to handle. Some will lead to bankrupt and worse suicide. Each of us had to be held accountability and responsible towards our own action and decision. Though that decision could be one of the biggest mistake that we made due to greed, due to trust of whoever say so due to how successful he or she is. Standing up and facing the real problem, cracking your head and thinking a way out is the right spirit that should motivate a lot of guys out there who may have encounter this issue due to some misleading "courses" or poor "advises" given. This sharing definitely motivates us to always come up with a solution and try our best to handle whatever misery or deep shit that we are in. Nobody really cares what shit you are in except for your family & friends who care for you. It's not the problem of selling at a loss as long as your objective or exit strategy is to survive. It's a mistake of the past that cost a losses of hundred thousands but the experience gained will help you in the next investment strategy that you are going for, knowing what you want is one of the most important decision that you helps to make your next decisions. Kudos to you. 🙌 🙌 💪 💪

Been watching many of ur video, this is similar as my experience, quite a dark time when moving from kl to jb, I also submitted numbers of CV for moving back to KL, also faced the hit of mco. After back to KL really everything get smoothly

I am new to KL property and have been watching your videos religiously. But without doubt this is your best video ever (and the others are all very good). Thank you so much for sharing. I don't normally leave comments and hope you get to see this. IMO - Best way to make money is NOT to sell time, service or product, but is to realise money is not real. BTW - money is pretty *'ing real when you are starving with no food to eat. But I am not talking about that, I am talking about how to 'make money'. Best of luck.

Awesome financial education from experience of iherng The key is refinance and restructure the loan of the house, awesome..

Thank you so much Sean for sharing your personal story with us. This makes me think twice about whether getting my 2nd property so soon and I decided to let it sit for abit now. Hope you are doing good. Thanks again 😊

Great sharing, same situation back to few years ago. Lucky everything getting settled :)

Thanks for sharing, property can be very scary when cannot pay off the loan. I'm consider quite lucky person cause I was attend one of the guru paid course and learn about risk management.

Thank you Sean, we appreciate you and your honesty in sharing. God bless you.

This is as real as it can gets. Not all will meet a 贵人in life. Sean's popularity on RU-vid gives him a life line and I think he mentioned before, it is one of main reason The Makeover Guys hired him. With the right connection and new higher salary, he was able to refinance his loan when many others will simply be ignored like his initial experience. Open your eyes big big when walking into property investment, learn from others mistake, and make sure you have the right connection and the right salary and the right gung-ho attitude so that it will work out fine for you.

It's more important to know what not to do rather than what to do thanks!

it is very true, from my experienced. even a strong bond friendship/brotherhood, can get ruined over 3k, another case is 10year+ brotherhood ruined because he tryhard to sell me insurance(ever since he become insurance agent) thank you for sharing Sean it's very very helpful & informative

Thanks for being so open ....

This is very good sharing and most of the people will come through this. But you are lucky guy who met make over. So makeover not only make over your unit but your finance path.

yup, we dont have to impress anyone in our life. i dont give a damn how ppl look at me , how ppl judge me base on how i look, what i dress, what car i drive etc.. be comfortable with your life, take care your family, spend on your family instead of showing off.. dont be that idiot that spend all their money dressing up, buying accessories, 9 years loan for a car, and no money to spend on family holiday, family dinner, etc..

This is a valuable experience that build you, bad experience going through is best experience

U're very brave to reveal your previous difficult situation. Kudos

Thanks for you sharing your exprience, great to know u more, I also have similar exprience i take akpk before i used 6 year to settle it and own my first investment property in 4 years ago. I also prove i did not give up when in darkness period.

I have been listening to your channel for 1 year plus loved the real good advice you gave to the public which is important. I am going through some challenges and your video uplifted me a lot to keep going.

Thanks for your kind sharing. I was just wondering how could u go through it when I watched halfway. Yes, refinance will be the only solution. Restructuring within same bank not possible, like u said, no commission earn n a lot of work. Need justification etc. You are right to say that there is no mercy from bank. Another thing is need to check the loan doc before signing. Once sign no turning back. U cannot tell the bank u are not aware. Happy that u found someone who can help u gradually.

The Make Over Guys is such an MVP!

Finally , the video i had been waiting for the pass few years .Thank You for sharing.

Can totally relate to this experience. Had similar, just different kind of debt. Well, been through that, comes out stronger. Thanks for sharing.

Finally, dare to watch this video after watching many of the others that you did. Honestly didn't know about credit card applications would affect our credit scores! Now I have to be more concerned about which credit card to apply, etc. Thanks a lot for the sharing and congratz that it is finally over too.

Been there as well but after 8 years I tend to step my foot in the same situation again😅…found a way out once impossible I cannot walk this out again, ofcos this time I can see the “risk”😊. Love your channel🎉keep it up.

Thanks a lot for sharing Sean! Your channel is now growing to become something more than just a property channel. These life lessons to youngsters like us just adds so much more value to your channel and your audience! Keep it up 🔥

Very good sharing, appreciate this Sean. And very important takeaway for us - Do not have the need to constantly impress people, anything anytime anymore 🙌

2 ways to motivate yourself. 1. Motivation to pursue something you want to achieve. 2. Desperation of escaping from something. Fuh, words of the wise.

By far to me, among all your great videos, this one is the most insightful one. Thanks for sharing.

It's a great personal sharing from you Sean! Thank you! From the bottom of my heart. 🙏🏼

Thank you Sean -you open up many eyes from your sharing. Beautiful video.

Very proud of you old friend. Wishing you all the best bro!

i am not born rich too. so, we just have to live within our means and not over spending so that we are not stressed up due to money constrained etc.. it affect our mental and health too. at the end of the day, we live for ourselves.

High inflation rate likely to push up interest rate...that could be higher & faster than many anticipating... So, leverage within your mean...that could be very damaging...from leveraging edge...

Thanks for sharing this experience! Had similar just in a different context as well. Thanks for pointing out the intent of selling not just the intent of buying! A very good point to take note!

Wow, very good sharing, i totally understand you when you said you were from cosntruction and wanted to change to other industry which is same as me, looking die hard for others to value us when the life in construction was damn hard. Just because I need the money, I need to survive, so then I escape from the industry...I couldnt imagine my life still working there when the credit card debt gets rolling bigger.

There is a saying that your survival instinct will only kick in, if and only if, you have less than RM1k in your account(s) with existing commitments. Been in that shit before.

Thanks for sharing your story with us! really learn a lot.

Thanks for sharing .. You are really both good n lucky to have made it thru .. Your mental resilience, drive n energy to prevail is something that is good for all to emulate .. You might want to learn from warren buffet n go into stock investment instead ...

that's why it's hard to take for granted advices from already rich person to become rich, it's just doesn't suit my common gov salary. for be able to save SOME of my salary, is good enough in today inflation. but I'm happy to see young person like you, gather so many experiences in early age and success. kudos sir.

truly inspirational Sean. thanks for sharing your experience.

Power lar.... Buy within means is the best advise

Great painful experiences. Praise God you made it to be stronger. Tq for your sincere, honest lesson. Truly bankers are merciless! Yr channel has been very insightful and sincere. So thank you again. I tuning in to all your you tube! God bless!

Great sharing Sean, in doing so you probably save someone life too, good job!😇

This is so personal and so useful for me, someone who only started my financial journey at my 30s. Learned a lot from this video. Thank you so much Sean!

That JB House really sangkut your pants down to "bottomslab"... Thank God it clear off....

On a side note, biggest lesson learnt, always invest alone. Dont buy property with multiple name if you can afford.

The Makeover guys literally Make over your life!...wow! Glad you made it! Im sure you sign the dotted line to confirm the propoerty is not belongs to you anymore...Is a HUGE HUGE Sigh of RELIEF!! like the Anchor of your life is release...

hey sean, wanted to know about your property management company, can link up...thanks

thank you for the real and genuine sharing Sean

Thank you for sharing your very personal story, really gain insight from you! Btw, Mind to share which property management company you been using?

good term on professional time seller

The desperation, people need to feel it at least once...

Thank you for sharing. And respect.

Thank For honesty Sean

Love your straight talk.

In hindsight you would have been hero if the deal works out right, crazy leverage. I was in similar situation too bought an apt in JB when I was younger now with about 150k paper loss. I wasnt as overly extended like you and fortunately my income is more than 10x compare to before. Admire yours guts and preserverance, very few people can come out of it and dare to touch property again. It's like people i knew that lost some money in stocks and never touch stocks again, the rich one jump right back into it.

thak you sir for great advice

Thanks for sharing this Sean. Glad you made it out in the end and able to share with us now.

Hi Sean, as a forienger i can only buy 1mil MYR property. As much as i want to avoid buying so expensive property over there.

Wowwwwww good experience sean….Thank you for sharing . Be strong and becareful always ….😭😭😍😍🙏🏻🙏🏻✌🏻❤️💪🏻👍🏻

wonderful sharing, thanks bro 👍

wow!as raw as it could get!Sean's chronicles thru life's hardship!amazing...nothing is as simple nor a walk in the park!many may seem to portray such image,but like u said-the bruises n bleeding within is only felt by the person!Banks r no fren-period!they r there to suck u dry,so should we!cold hearted too!they don care,we should not care...but,ur experience is as good as a good bio!planning to write soon?super glad ur back up stronger than ever!

Best video I have watched so far.

Very good shared experience. Thanks bro... Waiting for more videos from you. Never get bored.

What an experience Sean! I always believe things happened for a reason, you just have to live with it and the reason shall emerge. Thanks for the sharing!

Very true

How do u manage to refinance your property when your salary cannot match the installment? Because to refinance bank will take 10yrs as calculation instead of 35years as calculation. I believe the uncle need to agree on the refinance as well?

Very good advise. A BIG Thank you.

good sharing! as authentic as always!

You're the man , respect

I am in your situation now own a wrong property. Now accumulated total 150k lost to bank interest but partner refuse to exit . in stress situation really keep you moving looking for extra money . landlord also kinda Susah too xD now I am might need appoint lawyer to aquire court order for entering my own property. Perhaps you can share about tenancy issue. Take his advise , don over commit your commitment. I get my high blood, stress and insomnia which affect my daily job, also same though declare bankruptcy to exit.

Thank you for the sharing.

Do hope that our country will not being screw up and wealth with value evaporated. Scarry.

Ya losing money is painful thus I also invest in thing I really understand n would rather “lose” the FOMO opportunity that is not my field interest

Great sharing!

U dug yourself out of a deep hole. Well done.

good sharing .. shawn !! let share about far capital :)

Thanks Sean for this! This is one of the best episodes. Been following your story and wonder when will you share about your journey on this jb property. And this is an inspiring story, really need to force myself work harder.

This is by far your best episode! Brave and we’ll done 👍🏻

There's no dark side of the financial system. You were greedy and foolish and you got punished for it. Good that you learned your lesson.

Good sharing 👍🏻

If you have the resources to serve the loan and not cut losses now but instead wait for the market to recover. Will you want to serve the loan instead of selling it now?

Wow. I'm surprised your uncle didn't step in to undo the crap he created. Family and yet let you sink. BTW, can you go review TRX. Thanks!