Hi Guys, would appreciate your views on what I had done with regards to my housing. Its something i have done so I'm not looking for advise whether i shud have done it or not but rather want to get people views and if there serious downside on what i have done, I can take other defensive measures to mitigate the downside.. so here goes my story :
- Bought new 5RM
HDB fm govt in 2006 for 260K
- Rent out the
HDB rooms in 2009 and rented a landed property to stay (rental returns & cost cancel each other)
- Sold the
HDB in 2011 for 520K and received 208K cash nett & have balance 190K in
CPF (combine with wife)
- bought EC at 1.05m for TOP 2014
- plan to continue renting the landed at 1.7K/mth till the EC TOP date
- paid 5% cash & the balance 156K is invested in trust funds
So what do u guys feel abt this and what are the possible downside?