Advice on investment property?

[rsrunner123]

Looking for a investment property (around 1 to 1.2 mil)

Prefer
1) near mrt, easy to rent out, good rental yield
2) CCR
3) good potential value appreciation, in 10-15 years. Easy to sell.
4) both freehold and non freehold are fine.
5) less than 10 years old property
6) apartment or 1 small bedder is fine.

Hope to receive some advices from the many gurus here. Thank you

[Arcachon]

Don't dare to advise without knowing what you have.

Income per month.
Income per year.
Family member.
Any school going children.
Age parent, in law.
outstanding loan.
Age of you and wife and children.

Info about you is more important than what you want to buy.

[Tomutomi]

http://www.theedgeproperty.com.sg/content/what-can-you-get-1-million-prime-districts


Looking for a investment property (around 1 to 1.2 mil)

Prefer
1) near mrt, easy to rent out, good rental yield
2) CCR
3) good potential value appreciation, in 10-15 years. Easy to sell.
4) both freehold and non freehold are fine.
5) less than 10 years old property
6) apartment or 1 small bedder is fine.

Hope to receive some advices from the many gurus here. Thank you

[rsrunner123]

Don't dare to advise without knowing what you have.

Income per month.
Income per year.
Family member.
Any school going children.
Age parent, in law.
outstanding loan.
Age of you and wife and children.

Info about you is more important than what you want to buy.

Both late 30s. Annual combine steady fix income 200-250k.Will reach 300k before 40. Zero loan.

[rsrunner123]

http://www.theedgeproperty.com.sg/content/what-can-you-get-1-million-prime-districts

Hi all, kindly pm me if you know any good one. Thank.

[Arcachon]

Hi all, kindly pm me if you know any good one. Thank.

Pm

[aspirations]

Would like to seek you guru's advice as well.

My profile is as follows:

- 28 years old, single (not attached)
- professional, stable job, monthly income ~$8000
- owns a 2BR condo unit in D12 ($250k loan remaining)
- rental income $2800/ month (condo TOP-ed in early 2016 so haven't collected much rental as yet)
- no car
- parents both in their 60s and healthy, self sufficient financially

Planning to purchase a second property, maybe in the range of $1-1.5 mil, in the next 5 years or so.. hopefully the ABSD cooling measures will be lifted by then so I don't have to pay extra stamp duty for a second property. Am I too hopeful?

I've actually asked my parents for advice.. and they are highly supportive of my plans and think it is overall quite feasible. Just not sure if they're simply being supportive just so I'm not discouraged.

Your honesty is hence highly appreciated! :)

[Arcachon]

- 28 years old, single (not attached) 65-28=37 (max loan 30 years)

http://www.newlaunchesreview.com/wp-content/uploads/2013/04/LTV.jpg

- professional, stable job, monthly income ~$8000

- owns a 2BR condo unit in D12 ($250k loan remaining) need to know monthly servicing.

- rental income $2800/ month (condo TOP-ed in early 2016 so haven't collected much rental as yet) need to know cash and loan from where CPF or salary

- no car

- parents both in their 60s and healthy, self sufficient financially Better to get insurance for them.

[aspirations]

-




- 28 years old, single (not attached) 65-28=37 (max loan 30 years)

http://www.newlaunchesreview.com/wp-content/uploads/2013/04/LTV.jpg

- professional, stable job, monthly income ~$8000

- owns a 2BR condo unit in D12 ($250k loan remaining) need to know monthly servicing.
>> monthly servicing is approx $600-700.. not a lot

- rental income $2800/ month (condo TOP-ed in early 2016 so haven't collected much rental as yet) need to know cash and loan from where CPF or salary
>> haven't touched CPF. using salary to pay monthly servicing

- no car

- parents both in their 60s and healthy, self sufficient financially Better to get insurance for them.
>> I believe my parents have done their own financial planning.. they are more savvy than me haha

[Arcachon]

- 28 years old, single (not attached) 65-28=37 (max loan 30 years)

- professional, stable job, monthly income ~$8000

- owns a 2BR condo unit in D12 ($250k loan remaining) need to know monthly servicing.>> monthly servicing is approx $600-700.. not a lot

- rental income $2800/ month (condo TOP-ed in early 2016 so haven't collected many rentals as yet) need to know cash and loan from where CPF or salary >> haven't touched CPF. using salary to pay monthly servicing

- no car

- parents both in their 60s and healthy, self-sufficient financially Better to get insurance for them.
>> I believe my parents have done their own financial planning.. they are savvier than me haha

1. What is your property investment timeline?

2. How much cash available for deposit.

3. Available cash for monthly mortgage

http://www.jwbrealestatecapital.com/how-to-create-a-property-investment-timeline/

http://www.yourinvestmentpropertymag.com.au/strategy/how-to-create-an-insanely-effective-purchase-plan-178748.aspx

[star]

Rental yield is poor now especially when u need to pay additional buyer's stamp duty.
U need to ask how much the property tax and monthly maintenance fee.

[star]

Here are the data but data don't tell u everything. Data dont tell u how much maintenance fee, monthly sinking fund, property tax and condition of the unit.
Data compiled by square foot:

https://www.squarefoot.com.sg/market-watch/rental-yield

[star]

For example $1m property may rent out for $3k but u need to deduct alot of things. To get high yield it is best not to pay the property in full amount now because interest rate is still low.

Let say $1m ccr rent out $3k per mth.

Just an example, U need to deduct the following items:
Maintanance fee + sinking fee= $400per mth
Property tax per year = $3000= $250 per mth
Agent fee= $1500
Bank interest rate= currently about 1.8% to 2%. Pls check with banks.
Income tax= quite alot if u r high income earner especiall when u add rental income on top of your salary.
Property damages cost by tenant= this really depend how bad it is. Although can be deducted from one mth rental.

Lastly also the hassle of tenants calling u up everytime when there is a problem, this depends on your tenant.
Property if u really want to huat is more about capital appreciation... your surrounding developments.

[star]

Lastly i have to say is although rental yield is poor now it helps u to cover the bank interest rate while waiting for capital appreciation. Meaning u loan from bank for free, tenant cover.

[Arcachon]

Or you can look at District 29 one MRT stop from Singapore. It cost less than SGD 2 using Bus and MRT to go District 29 from 544780.

Anyone interested can pm me for more details.