How much are you earning per annum?

#**12111** (**permalink**) 01-12-2020, 01:44 PM

Quote:

Originally Posted by Unregistered

negative? oh.. for now still ok because the other one still under development, no need for any monthly repayment. the rental i receive every month + my cpf can cover the balance mortgage loan for my 3 bedder.

counted also, the amount in my cpf special account alone will also hit more than the minimum cpf amount (at least double) by the time i reach 55.

and long term wise i will have 4 freehold property for my retirement and my kid so stil ok.

of cose, these are assuming i dont go jobless along the way. contingency will be just sold off my 2 fully paid property and the one under development.

thanks for sharing. i know you can afford it, but it does not seem like the best investment strategy since your cash flow is negative though? if you sell and put the money into stocks/ETFs that can give you a 7% return per annum, wouldn't that be a better option?

#**12112** (**permalink**) 01-12-2020, 10:23 PM

Quote:

Originally Posted by Unregistered

thanks for sharing. i know you can afford it, but it does not seem like the best investment strategy since your cash flow is negative though? if you sell and put the money into stocks/ETFs that can give you a 7% return per annum, wouldn't that be a better option?

yes you are right for my case. i do abit of shares investment as well but i still feel getting a property, something physically there is safer.

that's why i only aim for cheaper freehold property, cheap and "forever" mine.

just to share also for many ppl who invested in property
eg.
property price - 600k
downpayment + stampduty (28%) - 168k
while you service ur loan (2k per mth), u start to collect rental of say $1700 per mth. include monthly maintenance fee and yearly tax.. u probably top up about 8k a year.
say 10 years later the property appreciate by 150k

ur total investment = 168k + 80k
return = 750k - remaining loan of about 330k - miscellenous about 10k - agent fee about 15k = 400k

so in total u invested 250k and get back 400k after 10yrs