Robertson 100 (D9, Freehold, MCL Land)

[blackjack21trader]

Bro BJ, Chestnut and all the gurus, thanks all for sharing your invaluable insights.

The HDB route is currently closed to those who have purchased condo as first unit (with no regrets ). The tough thing is to move from 1 condo unit to 2 units and beyond; I have been cracking my head but it is very tough at the moment with 40% down payment for the 2nd unit.

Dear Allthepies, if you had gotten a condo, then you are safe. No need to re-invent the wheel to go via the HDB route.

Dun be greedy WOAHAHAHAHAHAHAH

[mcmlxxvi]

too often we let ego get in our way,

we are all here to make money, and while waiting for the money to roll in and forces to come into play, do a bit of deed to help pull one another up the property ladder.

occasionally we will be house proud of our purchases, but this being a property forum, lets all share our little joy of acquisition or profit made, it hurts no one, and we ought to be happy that the market is still in good shape to support activity!

when bad times come, we will all be busy slogging to put food on the table lest bitch or whine in this space. so treasure the Good times while it lasts. and be nice.

[blackjack21trader]

too often we let ego get in our way,

we are all here to make money, and while waiting for the money to roll in and forces to come into play, do a bit of deed to help pull one another up the property ladder.

occasionally we will be house proud of our purchases, but this being a property forum, lets all share our little joy of acquisition or profit made, it hurts no one, and we ought to be happy that the market is still in good shape to support activity!

when bad times come, we will all be busy slogging to put food on the table lest bitch or whine in this space. so treasure the Good times while it lasts. and be nice.

Now, that is just one of the most genius post I have ever come across in the Internet forums ! Kudos , I agree

[Ricade]

I fully support brother chestnut too if we dun discuss like a fool, how are we ever going to get to the state of being a genius leh?

And brother Ricade, you are being too humble. 3 fools = 1 genius.

Good Luck

im waiting for the compliment to come from you.. hueejejehehe..

have a good day everyone

[mcmlxxvi]

thank u for compliments dear bro bj

waiting to read more sharing from u

[mcmlxxvi]

btw i find it boggling or flattering i get linked to bro nutnut and bjt

i think the only thing i have more than them is leg hair

[chestnut]

Bro BJ, Chestnut and all the gurus, thanks all for sharing your invaluable insights.

The HDB route is currently closed to those who have purchased condo as first unit (with no regrets ). The tough thing is to move from 1 condo unit to 2 units and beyond; I have been cracking my head but it is very tough at the moment with 40% down payment for the 2nd unit.

Brudder, to me the goal is not about the second unit... Paiseh... I seem to be always contradicting people.... I am but a simple man... And you need to start from ground zero...

Your goal should be something like this :
1. Get recurring passive income or
2. Plan for retirement or
3. To be worth $xxxxmillion in zzz years or

Once you have determined that, the instrument to achieve it is the key... Specialise in this instrument - stocks, properties, your job, etc....

BJ talks about couple and the power of combined income... I agree, if the other party also earns a substantial amount... I preach a different philosophy - How to get the company to reward you more with a higher salary.... To me, that is the key... If you can really upgrade yourself to the next level and get top notch dollars, would money be an issue??? Here lies the tough part, how to get there??? Each industry is different and each job scope is different... You need to understand if your industry is the sunset industry to a rising industry... Look at the semi-con industry, it became a sunset industry a couple of years ago when all the manufacturing shifted to China... Look at the typewriter industry - it got killed by PCs.
Which industry pays well??? Are you still able to switch to that particular industry??? What kind of industry pays??? I share with all of you today...
An industry that demands that you read and read and read and read and learn and learn....
Example of industry that dont pay well - I am not talking about top positions, but mid level (typically - 80% true)
- condom
- electrical
- mechanical
Why??? The technology does not change... You can easily hire such people...
Examples of industries that pay well
- Bankers
- IT
- Doctors
Why, this poor souls must always keep abreast of new technology or advancements... If they dont, they will be left behind...
This is just the tip of the ice berg.... It is so damn difficult to complete this whole story in just 1 page... I can dwell into this for a few days... You guys need to dwell deeper...

Next, for people who earn say 250K per year... If they save 150K per year, every 3 years, they can buy 1 condo... rite??? Here comes BJ part.... Imagine, a couple both have 250K per year earning capacity... This translates to 300K per year of savings... So every 1 1/2 year, they can buy 1 condo...

How to earn that amount??? Bro, search and find... this is the first step....

How to get your first condo??? Those who did it were either lucky(20%) or had a strong desire and pursued the dream(80%)...

If you have a burning desire - you can achieve the goal...

I have drifted a bit from your question.... But my answer is part of your answer bro.... If you have 600K today, would you be afraid??? Where is that 200K additional going to come from??? You have already accumulated so much... Which means you are already someone earning a "good salary"...

So coming back to your question : Please elaborate which part is tough????

[Leeds]

Wise men speak because they have something to say; Fools because they have to say something.



Plato

[chestnut]

Sharing is Caring



dtrax

[Cyberknight]

too often we let ego get in our way,

we are all here to make money, and while waiting for the money to roll in and forces to come into play, do a bit of deed to help pull one another up the property ladder.

occasionally we will be house proud of our purchases, but this being a property forum, lets all share our little joy of acquisition or profit made, it hurts no one, and we ought to be happy that the market is still in good shape to support activity!

when bad times come, we will all be busy slogging to put food on the table lest bitch or whine in this space. so treasure the Good times while it lasts. and be nice.

X2. Fully agree.

[august]

Brudder, to me the goal is not about the second unit... Paiseh... I seem to be always contradicting people.... I am but a simple man... And you need to start from ground zero...

Your goal should be something like this :
1. Get recurring passive income or
2. Plan for retirement or
3. To be worth $xxxxmillion in zzz years or

Once you have determined that, the instrument to achieve it is the key... Specialise in this instrument - stocks, properties, your job, etc....

BJ talks about couple and the power of combined income... I agree, if the other party also earns a substantial amount... I preach a different philosophy - How to get the company to reward you more with a higher salary.... To me, that is the key... If you can really upgrade yourself to the next level and get top notch dollars, would money be an issue??? Here lies the tough part, how to get there??? Each industry is different and each job scope is different... You need to understand if your industry is the sunset industry to a rising industry... Look at the semi-con industry, it became a sunset industry a couple of years ago when all the manufacturing shifted to China... Look at the typewriter industry - it got killed by PCs.
Which industry pays well??? Are you still able to switch to that particular industry??? What kind of industry pays??? I share with all of you today...
An industry that demands that you read and read and read and read and learn and learn....
Example of industry that dont pay well - I am not talking about top positions, but mid level (typically - 80% true)
- condom
- electrical
- mechanical
Why??? The technology does not change... You can easily hire such people...
Examples of industries that pay well
- Bankers
- IT
- Doctors
Why, this poor souls must always keep abreast of new technology or advancements... If they dont, they will be left behind...
This is just the tip of the ice berg.... It is so damn difficult to complete this whole story in just 1 page... I can dwell into this for a few days... You guys need to dwell deeper...

Next, for people who earn say 250K per year... If they save 150K per year, every 3 years, they can buy 1 condo... rite??? Here comes BJ part.... Imagine, a couple both have 250K per year earning capacity... This translates to 300K per year of savings... So every 1 1/2 year, they can buy 1 condo...

How to earn that amount??? Bro, search and find... this is the first step....

join the PAP, huat ah!

[Lovelle]

Brudder, to me the goal is not about the second unit... Paiseh... I seem to be always contradicting people.... I am but a simple man... And you need to start from ground zero...

Your goal should be something like this :
1. Get recurring passive income or
2. Plan for retirement or
3. To be worth $xxxxmillion in zzz years or

Once you have determined that, the instrument to achieve it is the key... Specialise in this instrument - stocks, properties, your job, etc....

BJ talks about couple and the power of combined income... I agree, if the other party also earns a substantial amount... I preach a different philosophy - How to get the company to reward you more with a higher salary.... To me, that is the key... If you can really upgrade yourself to the next level and get top notch dollars, would money be an issue??? Here lies the tough part, how to get there??? Each industry is different and each job scope is different... You need to understand if your industry is the sunset industry to a rising industry... Look at the semi-con industry, it became a sunset industry a couple of years ago when all the manufacturing shifted to China... Look at the typewriter industry - it got killed by PCs.
Which industry pays well??? Are you still able to switch to that particular industry??? What kind of industry pays??? I share with all of you today...
An industry that demands that you read and read and read and read and learn and learn....
Example of industry that dont pay well - I am not talking about top positions, but mid level (typically - 80% true)
- condom
- electrical
- mechanical
Why??? The technology does not change... You can easily hire such people...
Examples of industries that pay well
- Bankers
- IT
- Doctors
Why, this poor souls must always keep abreast of new technology or advancements... If they dont, they will be left behind...
This is just the tip of the ice berg.... It is so damn difficult to complete this whole story in just 1 page... I can dwell into this for a few days... You guys need to dwell deeper...

Next, for people who earn say 250K per year... If they save 150K per year, every 3 years, they can buy 1 condo... rite??? Here comes BJ part.... Imagine, a couple both have 250K per year earning capacity... This translates to 300K per year of savings... So every 1 1/2 year, they can buy 1 condo...

How to earn that amount??? Bro, search and find... this is the first step....

How to get your first condo??? Those who did it were either lucky(20%) or had a strong desire and pursued the dream(80%)...

If you have a burning desire - you can achieve the goal...

I have drifted a bit from your question.... But my answer is part of your answer bro.... If you have 600K today, would you be afraid??? Where is that 200K additional going to come from??? You have already accumulated so much... Which means you are already someone earning a "good salary"...

So coming back to your question : Please elaborate which part is tough????

hi chestnut

if combined income is $250k maybe realistic but how many can earn $250k each ? ok yes, if there are then again both husband and wife will be super busy and who's gonna look after children. I don't expect wife to go fulltime housewife mode. how abt 20% home time every evening ?

Also, adding stress and work pressure how long can both this high income to last ? there must be a objective. Once hit a target # of units and passive income then got to start slow down to enjoy quality of life...

[Santro]

Is fully paid HDB considered an asset. Isnt it better to cash it out and use it for 40% downpayment of a bigger property. You end up owning a bigger private property with higher rental income and leverage on low bank interest rate .

Whether BJ, chestnut or mcm is e same pax or not, it does not matter.what matters is e sharing of cold hard facts.

To add on to the hdb Santa, always remember, never sell it cos it is e single most important asset once fully paid for. Under bankruptcy proceeding, OA will not be able to touch e roof over your head. Hence, it gives many businessman or investors the confidence to take risk in a safe haven

And there are really not that many AAA rated economies left in e world, it give e government and its citizen enormous power of leverage at e lowest cost. Use it right can multiply e wealth multifold.

[DC33_2008]

Why earning more than $250k = super busy? It should be less busy when you make more money? There is a breakaway threshold depending on industry.

hi chestnut

if combined income is $250k maybe realistic but how many can earn $250k each ? ok yes, if there are then again both husband and wife will be super busy and who's gonna look after children. I don't expect wife to go fulltime housewife mode. how abt 20% home time every evening ?

Also, adding stress and work pressure how long can both this high income to last ? there must be a objective. Once hit a target # of units and passive income then got to start slow down to enjoy quality of life...

[chestnut]

Bro, is your top management busy??? Do they go home at 9pm????

Is the CO of the camp busy or he delegates??? Is his life stressful??? Only if something kokup... Or he is incapable...

Cheers...

hi chestnut

if combined income is $250k maybe realistic but how many can earn $250k each ? ok yes, if there are then again both husband and wife will be super busy and who's gonna look after children. I don't expect wife to go fulltime housewife mode. how abt 20% home time every evening ?

Also, adding stress and work pressure how long can both this high income to last ? there must be a objective. Once hit a target # of units and passive income then got to start slow down to enjoy quality of life...

[Lovelle]

Bro, is your top management busy??? Do they go home at 9pm????

Is the CO of the camp busy or he delegates??? Is his life stressful??? Only if something kokup... Or he is incapable...

Cheers...

bro, some of them yes.

u see those MP have to do late nite MPS....only some example...

[Allthepies]

Brudder, to me the goal is not about the second unit... Paiseh... I seem to be always contradicting people.... I am but a simple man... And you need to start from ground zero...

Your goal should be something like this :
1. Get recurring passive income or
2. Plan for retirement or
3. To be worth $xxxxmillion in zzz years or

Once you have determined that, the instrument to achieve it is the key... Specialise in this instrument - stocks, properties, your job, etc....

BJ talks about couple and the power of combined income... I agree, if the other party also earns a substantial amount... I preach a different philosophy - How to get the company to reward you more with a higher salary.... To me, that is the key... If you can really upgrade yourself to the next level and get top notch dollars, would money be an issue??? Here lies the tough part, how to get there??? Each industry is different and each job scope is different... You need to understand if your industry is the sunset industry to a rising industry... Look at the semi-con industry, it became a sunset industry a couple of years ago when all the manufacturing shifted to China... Look at the typewriter industry - it got killed by PCs.
Which industry pays well??? Are you still able to switch to that particular industry??? What kind of industry pays??? I share with all of you today...
An industry that demands that you read and read and read and read and learn and learn....
Example of industry that dont pay well - I am not talking about top positions, but mid level (typically - 80% true)
- condom
- electrical
- mechanical
Why??? The technology does not change... You can easily hire such people...
Examples of industries that pay well
- Bankers
- IT
- Doctors
Why, this poor souls must always keep abreast of new technology or advancements... If they dont, they will be left behind...
This is just the tip of the ice berg.... It is so damn difficult to complete this whole story in just 1 page... I can dwell into this for a few days... You guys need to dwell deeper...

Next, for people who earn say 250K per year... If they save 150K per year, every 3 years, they can buy 1 condo... rite??? Here comes BJ part.... Imagine, a couple both have 250K per year earning capacity... This translates to 300K per year of savings... So every 1 1/2 year, they can buy 1 condo...

How to earn that amount??? Bro, search and find... this is the first step....

How to get your first condo??? Those who did it were either lucky(20%) or had a strong desire and pursued the dream(80%)...

If you have a burning desire - you can achieve the goal...

I have drifted a bit from your question.... But my answer is part of your answer bro.... If you have 600K today, would you be afraid??? Where is that 200K additional going to come from??? You have already accumulated so much... Which means you are already someone earning a "good salary"...

So coming back to your question : Please elaborate which part is tough????

my work income is not high (<100K), non-work income contribute about an additional 20-30%. so probably I will need another 2-3years to save the extra 200K. I have an area in mind to buy but I think if have to wait another 2-3 years, I will probably "miss the golden opportunity" to buy in that area.

[Santro]

My situation same as you. But I do have a fully paid HDB which I thinking of cashout and buy 2 PC. With additional rental, the 3 year waiting time for next property will be cut down to a shorter timeframe. Not sure if this is a good approach.
I dont think property got golden opportunity...as cannot time the market...but spread out the investment long time and reduce the risk.

my work income is not high (<100K), non-work income contribute about an additional 20-30%. so probably I will need another 2-3years to save the extra 200K. I have an area in mind to buy but I think if have to wait another 2-3 years, I will probably "miss the golden opportunity" to buy in that area.

[chestnut]

my work income is not high (<100K), non-work income contribute about an additional 20-30%. so probably I will need another 2-3years to save the extra 200K. I have an area in mind to buy but I think if have to wait another 2-3 years, I will probably "miss the golden opportunity" to buy in that area.

Bro, I respect u... Your savings is champion - a compliment. Many need to learn from u... 3 year u save 200k, 6 years - 400k. Done liao.. So actually u know the results liao....

[Cyberknight]

Is fully paid HDB considered an asset. Isnt it better to cash it out and use it for 40% downpayment of a bigger property. You end up owning a bigger private property with higher rental income and leverage on low bank interest rate .

I am looking from basic level of safety if you have a family to feed. Else you can sell and risk it all out. Just remember. 2pc not fully paid and with loans. Any top up triggers, u may end up without a roof over your head.

[Santro]

Agree Bro. I have been thinking just like you in terms of risk all this while, hence holding tight to the HDB. Wanted to know your views on considering HDB as an asset. Cheers

I am looking from basic level of safety if you have a family to feed. Else you can sell and risk it all out. Just remember. 2pc not fully paid and with loans. Any top up triggers, u may end up without a roof over your head.

[Lovelle]

hdb in exchange for PC...may not have much good PC choices may be OCR boleh...

[phantom_opera]

Why earning more than $250k = super busy? It should be less busy when you make more money? There is a breakaway threshold depending on industry.

which industry 250kpa and not busy unless u are investment banker pre-Lehman, post Lehman will be tough

but recent high profile civil servants got charged in court incident ... they probably have easy life with 250k pa

[DC33_2008]

MP is a second job. Know of MPs, Mayor and Senior Minister of State. They just need to have capabale permanent secretary, etc. Speeches are not written by them but by many scholars.

bro, some of them yes.

u see those MP have to do late nite MPS....only some example...

[DC33_2008]

All you need at that level is to have a few capable directors who are hungry. They just need to drink coffee and play golf with the network of people.

which industry 250kpa and not busy unless u are investment banker pre-Lehman, post Lehman will be tough

but recent high profile civil servants got charged in court incident ... they probably have easy life with 250k pa

[phantom_opera]

All you need at that level is to have a few capable directors who are hungry. They just need to drink coffee and play golf with the network of people.

sales?? sounds like Bush.. network of ppl mean your family background is important right?

[DC33_2008]

Too some extent. It is not just how much you know but who you know at the senior management level.

sales?? sounds like Bush.. network of ppl mean your family background is important right?

[phantom_opera]

Too some extent. It is not just how much you know but who you know at the senior management level.

yeah ... TPL is a good example ...
some people are just born lucky or married to the right person
when the SMRT drivers striked ... the newly appointed CEO holiday in US

anyway I do know ppl who moved to the right job at the right time and made millions with his own skills

[Rosy]

That is how scandals begin to surface.

[DC33_2008]

That is the reason why parents want to put their kids in some schools. Life is always unfair. Remember two legs good, four legs better.

yeah ... TPL is a good example ...
some people are just born lucky or married to the right person