Originally Posted by
Stingray
I am thinking of selling it after 10 to 15 yrs but will it be better to 1) keep it and rent out or 2) collect the rent to pay for a new property or 3) to sell it and use the money to buy a new property?
After 10 to 15 yrs, I will also be old so buying a condo would be difficult as the bank might not be willing to loan to an old man. So I am thinking if it is a good idea to rent out the property till either enbloc or end of the lease.
Moreover, when I am getting old, I will need financial for my health so getting another loan would be dangerous and also difficult. This is just my thought.
Any good suggestion?