Someone asked me today this question. Should he buy? What If int rates rise and nett cashflow is negative?
Someone asked me today this question. Should he buy? What If int rates rise and nett cashflow is negative?
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
Buy only on positive cash flow and capital appreciation with some spare cash for min 6 months of rental income.
buy buy buy if one do the math and it's highly likely profitable
if it's risky, why take the risk unless there is a reason to do so like prc/indian/indonesia/etc buyers want to park their money in spore
instead of just asking point blank question, use a spreadsheet to project the cash flow commitment in the next 10 years. from there, it will be quite clear whether to buy or not and this will also project the earnings at the end of 10 years (rental income minus property tax)
if it is a new launch, then there is no rental income for the next 5 years.
ever since they removed DPS ... I stopped buying new launch ...
friends who wanted to buy for investment .. I always advise them to hit the resale market ... you get income straight away by renting it out ..
for new comer .. I always feel its wise and logical to get apply for a HDB ...
that's the ONLY freebie from our GOVT ...take it ...
why wait till your salary jump too high and u no longer qualify to buy brand new from HDB .. ?
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
Thanks all.. I asked my fren to read this thread.
Agree With proud owner. I missed interest only. Haha
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.