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06-03-2012, 10:12 AM
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Quote:
Originally Posted by Unregistered
The inherent leverage of investing into property (versus stocks) is that can help you reach your passive income goal faster.
For instance, assume a 60% financing on your second property. An investment of $400k on a $1m property can get you a rental yield of $25k p/a, after deducting off interest costs. (assume a 2.5% net rental yield)
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This is a common misconception that net property yield consist of just gross rent – installment. The 2.5% is just gross rent – installment.
Your real monthly cashflow will be substantially lower as there will be a host of charges that you will need to provide for on a running basis like tax, MCST/landscape maintainance, CAPEX on furnishing installations the like, vacancy costs, leasing commissions, insurance etc.
Most experienced property investors know that as a rule of thumb an 80% leverage incurs negative monthly cashflow and the breakeven point for cashflow neutrality is around 55% - 65% leverage.
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07-03-2012, 07:22 AM
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My passive income:
- website similar to salary.sg $1k
- iPhone apps $1k
- subscription sites $2.5k
- ice-cream shop $5k
Total: not enough. will never be rich.
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07-03-2012, 09:29 AM
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Quote:
Originally Posted by Unregistered
This is a common misconception that net property yield consist of just gross rent – installment. The 2.5% is just gross rent – installment.
Your real monthly cashflow will be substantially lower as there will be a host of charges that you will need to provide for on a running basis like tax, MCST/landscape maintainance, CAPEX on furnishing installations the like, vacancy costs, leasing commissions, insurance etc.
Most experienced property investors know that as a rule of thumb an 80% leverage incurs negative monthly cashflow and the breakeven point for cashflow neutrality is around 55% - 65% leverage.
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Hello, ultimately the property will be for you to keep after end of rental. Don't you think so.
If you add up all this cost, if anyone own an HDB, will be losing money. The fact is that we have a roof above our head by end of the day.
Don't mislead people please. If you leave the property vacant, those opportunity cost will be more. Do you maths.
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12-03-2012, 11:02 PM
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Quote:
Originally Posted by Unregistered
My passive income:
- website similar to salary.sg $1k
- iPhone apps $1k
- subscription sites $2.5k
- ice-cream shop $5k
Total: not enough. will never be rich.
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Can you share with us how you managed to build up such a substantial and varied pool of passive income sources?
It's hard for me to even find ONE!
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16-03-2012, 01:37 PM
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i think most people here are not interested in making passive income (or they don't know how to). it's a "salary" forum, not a "passive income" forum.
schools don't teach you how to be a business owner. they give you a degree or diploma so you can get a job.
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16-03-2012, 02:12 PM
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Quote:
Originally Posted by Unregistered
i think most people here are not interested in making passive income (or they don't know how to). it's a "salary" forum, not a "passive income" forum.
schools don't teach you how to be a business owner. they give you a degree or diploma so you can get a job.
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Are you still studying in your secondary school? Salary can be inclusive of passive income by our own term. Do you expect to ppl to rely on the salary to survive and don't have any contigency plan.
Street smart ppl will not think like you, seriously.
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16-03-2012, 03:57 PM
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Quote:
Originally Posted by Unregistered_Making sense
Are you still studying in your secondary school? Salary can be inclusive of passive income by our own term. Do you expect to ppl to rely on the salary to survive and don't have any contigency plan.
Street smart ppl will not think like you, seriously.
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Dude, you'll be surprised most people's sole source of income is their job. Many dream of buying a condo to rent out, but are never able to do it. Bank interest doesn't count, cos it can't even pay for a cup of coffee.
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16-03-2012, 05:36 PM
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Quote:
Originally Posted by Unregistered
Dude, you'll be surprised most people's sole source of income is their job. Many dream of buying a condo to rent out, but are never able to do it. Bank interest doesn't count, cos it can't even pay for a cup of coffee.
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Bro, couldn't agreed more. But if a person is able to do so financially, or planning to do so. It will be a great motivation to work towards achieving that goal. Regardless, whether having a full time or part time job. Passive income is the way to go when you do not feel like working for anyone anymore.
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16-03-2012, 11:43 PM
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Quote:
Originally Posted by Unregistered
Can you share with us how you managed to build up such a substantial and varied pool of passive income sources?
It's hard for me to even find ONE!
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whatabout dividend stocks? i get about sgd 550 per month from my reits. not much but better than nothing.
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