Originally Posted by
yowetan
I am bringing this thread up again as I really need to seek all kind inputs or suggestion to circumvent the situation.
I am thinking if we could really plunge in and take a 2nd unit in west coast area in anticipation of HSR development in Jurong East. Am exploring hundred Trees 2 bedders 700+sqft which probably marketing at 1.1mil approximately. Wonder if it is really wise to enter the market at this junction.
My wife and myself both of us has manage to get some loan which is around 300k and we will need to think of how to garner the remaining 200k to compete in this 2 property long prong strategy. Now, if I ever did that I will probably need to lease out the unit in west coast to keep rental income flowing in. So, can any wise person or guru could help me identified or see the potential teething problems and challenges? Would appreciate that and really hoping to own more than a landed in my lifetime.
You are already the most accomplished magician in this forum owning a landed in a good area with what, 3K salary and combined household 10K?
You just need to wave your magic wand again.
We must all learn from you, Mr Guru.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.