How many condos can be purchased with S$2M? [Random examples below.]
- The Nautical: Dual-Key ($1.4- $1.5m) x1 & The Hillier (~$600K) x1. [Total: 2]
- The Hillier: 1 bedroom (~$600K) x3. [Total: 3]
- Cyan: (~$2M) x1 [Total: 1]
Out goes the private banker. [Pvt banker wants 'investable' funds to be put into deployment. Not investED funds into housing loan.]
Potential passive income: Yes. [Probably in the range of barely $10K monthly, nett off Property tax, Income tax, monthly charges, agent commission fees.]
Capital gain: Wait long long. [Your guess as good as mine.]
10K *12 = $120K invested annually into "high" yielding stocks? [Assume 10%].
Outcome: From the Dividend payout perspective, we are looking at $12K positive cashflow from the entire year.
Not sure if this chap [thread starter] is keen to:
=> From $2M (Beginning) => $120K (Annual Rental) => $12K (End point: Yearly 'touchable'/deployable funds).
Quote:
Originally Posted by Unregistered
My advice is a little different from the above poster.
With your high income from a low-effort (operationally) business, try to accumulate $2m cash in 5 years, and you will be much better off than 90% of the armchair critics here who have to literally slogged for that miserable $10k monthly income.
With lots of cash, things become easier. You can easily qualify for private banking (you're not UHNWI, but still a HNWI nonetheless; try approaching the smaller less-atas consumer banks), and you can get reasonable loans. Then buy 2-3 condos and rent out, and you'll become a "traditional" investor with truly "traditional" passive income. To "diversity", buy and hold some of the high-yielding blue chips like Starhub and you're all set.
|