Quote:
Originally Posted by Unregistered
negative? oh.. for now still ok because the other one still under development, no need for any monthly repayment. the rental i receive every month + my cpf can cover the balance mortgage loan for my 3 bedder.
counted also, the amount in my cpf special account alone will also hit more than the minimum cpf amount (at least double) by the time i reach 55.
and long term wise i will have 4 freehold property for my retirement and my kid so stil ok.
of cose, these are assuming i dont go jobless along the way. contingency will be just sold off my 2 fully paid property and the one under development. |
thanks for sharing. i know you can afford it, but it does not seem like the best investment strategy since your cash flow is negative though? if you sell and put the money into stocks/ETFs that can give you a 7% return per annum, wouldn't that be a better option?