See your nick very scary. Don't think you'll get any answer.Originally Posted by Regulators
See your nick very scary. Don't think you'll get any answer.Originally Posted by Regulators
Lol real regulator got no time for more than 4000 postings.Originally Posted by Kelonguni
Rental income not easy to earn one la ...
Must get tenant when lease it up, handle those unscrupulous agents, sometimes tenant create trouble.
Pay all sorts of taxes like GST, Property Tax, Income tax.
Every month, depending on individual cases, if got interest, earn a 2-3 thousand dollars only.
One set of income, multiple taxes, sometimes really thought of selling away the property and take back the hundreds of thousands.
DKSG
agree ... my low risk 10y corp bond yields about the same but no sweat, no agent, no tax ... with such a low leverage (40% downpayment) ... NOT WORTH IT !!! The only exception may be HDB near MRTOriginally Posted by DKSG
Ride at your own risk !!!
Originally Posted by lajia
Yes Lajia, with the europe crisis and slowing growth in China, its really hard to predict what will happen in the future. Like you, I am cautiously optimistic and see a good chance for capital appreciation. The world-wide money printing reminds me of the 70s era when the U.S also printed a lot of money (less than now) and indirectly caused property prices to double up.
Thank you Eastboy, I must say that I have learned quite abit from the forum. All the best to you too.Originally Posted by Eastboy
Bought 1 this year, just after the ABSD came out, so pay extra 3% , but ok, price more than 3% lower... , gone up since
Bought 1 last year and another the year before. Intend to buy another next year.... Decided that I'm not smart enough to time the market... So dollar cost average every year... If price go up , if price go down, buy bigger one....
As long as the long term trend is up, i'm fine
Last edited by sh; 18-08-12 at 20:21.
Wah... strong financial position. One property a year. Sounds like you save like $300k to $500k a year to afford one property a year. Cheers!Originally Posted by sh
40% + 3% ABSD plus the potential rise in mortgage interest rate is putting in off!
Used to be easier with 80%ltv, then became 70% and now 60% + 3%...Originally Posted by ysyap
Rental + salary + dividends adds up to make down payment... May have to liquidate some stocks to get the next one.
The point is that instead over say buying a 4mil property if you can, spend your risk out to 4 1 mil property over 4 years to manage risks...
30 years could be IRAS fishing agent ??
Ride at your own risk !!!
Most would envy your position, 1 property a year. Perhaps you are among those who helped keep the Dragon going. Since early 2011, have been waiting for prices to inch down a bit, but it never came. At today's prices, it is madness unless one has lots of spare cash. But then agan, lots of experts have been saying this for the past 2 years but prices are still moving north.Originally Posted by sh
Didn't 30years told you he has been jobless for the last 8 years and has to depend on his property investments and stock market speculation for a living?Originally Posted by phantom_opera
If IRAS would give me a job with a fixed salary, I don't mind being their agent.
Last couple of weeks, I had to wake up at 5.20am to get ready to sell Soybeans when the market opens at 6am, hoping to make some pocket money to pay for daily meals.
at least u are very fortunate to have achieved a portfolio of properties and investments to keep things going believe many are not as luckyOriginally Posted by 30years
good advice...I'm trying to achieve that but started late and still have a few more to go but the current overpriced market, lousy location and layout and super congested projects are reallyOriginally Posted by sh
@30years.......Originally Posted by 30years
U sell tau huey n tau huey chui?
Lemme guess...... U r the tau keh n now u employ less people to cut cost n now u have to be the person dispensing the drinks?
What about the profit from your sales?
Should be sufficient to buy daily meals.
think he is talking about soft commodity...
he is into commodities (futures) trading ... basically is gamblingOriginally Posted by buttercarp
Ride at your own risk !!!
Yes, prices have been inching up, good enough for me.Originally Posted by ekl2ekl2
In today's high inflation, low interest rate conditions, keeping money in the bank doesn't make sense.
When I got the 1st property 2 years ago, it was bought at 80% LTV, prices have gone up since, the loan to value is now at 60%, similarly the 2nd one acquired at 70% 1 year ago is at 60% loan to value. So I'm not over leveraged as it is.... I love inflation.
Of course the last one is already at 60%.
For this strategy to work, the properties have to be self financing from rentals, or even have surplus.
The exit strategy is like this:
When I need to retire or when interest rates go up. I hope to be at 50% LTV or lower (almost there, no thanks to 60ltv). That way, I can sell half the properties on fully repay the banks. Or even hold onto all of them if the LTV becomes so low that the rentals are more than enough... We'll see.
He is making big time now.Originally Posted by phantom_opera
http://rapidcityjournal.com/news/for...2bfdd7296.html
Very sensible strategy with an exit plan.Originally Posted by sh
The test will come when interest goes up, rental and prices fall and you can't clear the properties at the level you want, bearing in mind the current higher cost of transaction (buying & selling).
No risk no gain.... Need to keep enough reserves to tide over crisis....Originally Posted by ekl2ekl2
Thats the spirit!Originally Posted by sh
Your risk appetite is pretty big... Cheers!!!Originally Posted by sh
I bought one this year too...
Got a good deal considering current market. However, the current market is high, I and I have reserves about how much more it can grow.
However, its for own stay and thus any price movement is only on paper.
Just curious.. how you all consider over-leverage.
If you have $1mil and it is invested in bonds/equities and you buy a $1mil property with 60% loan, is it consider over-leverage?
And I noticed some people's strategy is to draw out equity loan from the REVALUED property to buy another property. How would the bank react if a similar crisis like 2009 comes and property prices drop 30%? would they ask you to top up?
Does not affect those with holding power.Originally Posted by ekl2ekl2
Never leverage on equity loan especially for those investment properties in the last two years. IMO, Too risky.Originally Posted by focus
anytime bo tai bo chi also can end up in margin call.Originally Posted by DC33_2008
I do not mean equity as in shares.
I mean the equity(capital available) from the revalued property.
There's this trainer and his buddy from a seminar doing that.
They got only $1mil I guess.. and they have $5-6mil property thru' the buying more property as the property gets revalued and they take out the equity.