Quote:
Originally Posted by Fin
Hi,
Other than the job security risk, what other potential issues will I be likely to face?
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Critical illness, accident
Economic crisis, oversupply of properties which make your condo empty for years, interest rates shoots up
Just to name a few
To mitigate the risks, you need to have insurance
You also need lots of cash buffers that can service your condo loan in case there are no tenants.
Do you have all these into consideration when you invest?