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phantom_opera
08-11-12, 15:32
How many here sold too early and bought back?

Buy back how many?
sherlock
08-11-12, 16:28
How many here sold too early and bought back?

Buy back how many?
Bought back as in the same devt? Or sell and buy another condo almost immediately?
phantom_opera
08-11-12, 16:32
Bought back as in the same devt? Or sell and buy another condo almost immediately?
Anything other than ur roof
leesg123
08-11-12, 19:07
Sell hdb, buy back two pc counted or not?
tiverton18
08-11-12, 19:19
Bought my lst 99LH condo in the East Dist 18 in 2001, TOP 2004; still occupying it. Bought another FH condo in St Pat area early 2009; unit will be TOP in lst Q 2013.

Dist 18 fully paid. Dist 15 is under gearing. Thought of selling Dist 18 and use the proceeds to pay Dist 15.

Will be retiring soon with no passive income but with savings to take care of retirement expenses.

I am thinking of few options:
1) Sell Dist 18, pay off loan in Dist 15, then move over to Dist 15
2) Use part of savings to partially pay down Dist 15 loan.
3) Either rent out Dist 18 or Dist 15 to take care of the smaller loan
4) Since interest is still at an all time low, not a good idea to fully pay off the loan. Should use the savings to generate better yield than the lower mortgage rate.

Need some advice from experienced investors here in this forum.:doh:
leesg123
08-11-12, 19:39
Never sell.

If you love staying at St Pat, move there and retire. Rent out d18 to payoff mortgage for d15.
tiverton18
08-11-12, 20:01
Thanks Lee,

This is in fact the first option that I am seriously exploring.

You have reinforced it with your concise answer.
bakasa2002
08-11-12, 22:47
Never sell.

If you love staying at St Pat, move there and retire. Rent out d18 to payoff mortgage for d15.

I concur, it's a nice area to retire and live life at a more leisure pace...
radha08
08-11-12, 22:55
I concur, it's a nice area to retire and live life at a more leisure pace...

yup surrounded by low rise so still ok...but $$$$:scared-4:...ah well whats good not cheap i guess...
roly8
09-11-12, 08:36
where is st pat area? :o
sherlock
09-11-12, 08:50
Bought a cluster in 2006 at D16... dirt cheap then :D

Sold in 08 when the price when went up too quick and I let go too quick too :ashamed1:

Bought a FH back in 2009 and still holding on to it
buttercarp
09-11-12, 09:18
where is st pat area? :o

This refers to East Coast Road near St Patrick's School (affectionately known as St Pats).
roly8
09-11-12, 19:03
This refers to East Coast Road near St Patrick's School (affectionately known as St Pats).

thx Q, ms butter:o