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Thread: Dynamic Wealth Creation

  1. #16
    Join Date
    Oct 2012
    Posts
    1,075

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    Of course 50% down payment for second property is for those who still got property loan from bank for 1st property. If you own a property with your spouse, and you do not have a lot of your mortgage left to repay, you can refinance your current home loan from two borrowers to one. This allows the other party to take the full 80 per cent loan on the second property.



  2. #17



  3. #18

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    Quote Originally Posted by Arcachon View Post
    Purchase Price = $1,100,000
    Investment (20% Down Payment) = $220,000

    Rental Income (per month) = $4,000
    less
    Interest Expense (per month)$1,400
    Principal Reduction $2,000
    Net Passive Income (per month) $600

    Net Income over 5 years
    Principal Reduction $120,000 (2,000x12x5)
    Passive Income $36,000 (600x12x5)
    Potential Price Appreciated @3% $165,000 (1,100,000x0.03x5)

    Potential Gain $321,000 (120,000+36,000+165,000)
    This is just an example, if I use my Southbank the yield will shoot through the roof.



  4. #19

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    Which project in your opinion would be able to achieve this now? I mean base on current entry price.



  5. #20

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    Loan required $1,000,000.00

    Monthly income $10,000.00
    Interest 3.50%
    Loan Tenure 25 years
    Payment $5,006.24 0.6
    TDSR Pay required $8,343.73


    Loan Tenure 24
    Payment $5,137.14 0.6
    TDSR Pay required $8,561.90
    Required pay rise $218.17


    Loan Tenure 23
    Payment $5,280.11 0.6
    TDSR Pay required $8,800.18
    Required pay rise $456.45



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