Quote:
Originally Posted by ZZZ
Can you retire if you rent out your Sg properties instead if selling? International school fees are a major cash drain and you still need to repay your loan on the johor property. Suggest not to sell else will cost more to buy again next time if living in johor doesn't work out.
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Depends on rental market and interest rates. Most optimistic scenario if can rent out high and interest rates stay low, possible to retire in JB, esp if kids go to Sg by bus...
Terrace : $5000 rental
Condo : $3000 rental
Pay off condo
Mortgage for terrace at current low rates:$2250
Mortgage for jb semi d :$1200
Passive income = $8000-$2250-$1200=$4550