Lets say I have a fully paid 4rm HDB flat for rental, the location is not so ideal. Should I sell it to buy a 1-2 bedded PC where is better location for rental?
Lets say I have a fully paid 4rm HDB flat for rental, the location is not so ideal. Should I sell it to buy a 1-2 bedded PC where is better location for rental?
MM Lee always said NEVER sell your hdb...Originally Posted by DMCK
if you have no $$ to fund downpayment for second one, yes, sell. if you have $$ for the downpayment, then dont sell.Originally Posted by DMCK
solely from yield perspective, HDB will always be better. furthermore, unlikely you can get a 1-2 BR PC without having to top up. that means you will be exposed to one additional loan. consider that as a risk (while the HDB is virtually risk-free)Originally Posted by DMCK
got one question here....
if you suay-suay gone into bankruptcy for whatever reasons...
- you still can own a hdb flat,... right??... (hdb=public housing)
- creditors cannot recover their debt by force selling off/liquidate your hdb (through court order).... right ??... (unless the HDB is mortgaged with a private bank)
yea.. HDB should always be your 'base'..
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
If you are eligible to buy EC as second timer, then it is a good option. Your 4-room may be able to fully cover the new 1-2 bedder without loan.
Else calculating the rental % yield difference between HDB and PC may easily give you the answer.
but no passive income. one should always strive for that as the end result.Originally Posted by bsslang
Just one question also...Originally Posted by ikan bilis
If the money made from selling your HDB can avoid bankruptcy, would you do it?
Why u sound so much like chestnut?Originally Posted by ikan bilis
Bro, u mean I sound like this?Originally Posted by zeamybro
I think I not so pro leh.
small fish's post does sound like chestnut..Originally Posted by chestnut
instead of giving direct answer... it is best field questions to make one think..
maybe 'small fish' kena influence by chestnut, somehow..
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
small fish and chestnut both are nice to eat when roasted
Agreeable, and not much carb. Uncle understand.Originally Posted by carbuncle
Hahahaha
please dont say UNDER-STAND...u might turn him ON...Originally Posted by chestnut
HAHAHAHAHA!!!Originally Posted by radha08
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
Umm... hey,..actually for previous post i was asking a question, and not try telling people something...Originally Posted by fclim
anyway,.... heehee.... i don't know....
- if 1 day i suay suay gone bankruptcy then i will decide what to do....
- i had been voluntary contributing cpf all the time, and cpf pays my hdb loan => less cash, creditors see that also sian...
- i'm still on old old hdb loan. never switch to private bank eventhough hdb loan is 3+%. old system is like 1st charge cpf, 2nd charge hdb mortgage...
when 1 day i suay suay need go bankruptcy,
- likely it will be a severe recession or depression,...
- likely hdb price crashed by 60-70%... my property holding values all gone,...
- likely whatever biz i'm running will be dead, no way to recover or restart another 1
- likely i willl owe >500K,... hdb proceed cannot cover
- likely the economy is in big shxt...
If the money made from selling HDB can avoid bankruptcy (say 200K-300K), but say if i'm too old and economy no sight of recovering.... may be i will decide go bankruptcy lah....
Originally Posted by radha08
Ok, I thrust the above is in order then.
Oops, I think my iPad is functioning very weirdly... I keep typing thrust, see... Let me try again, trust... Now it works...
Ok, I trust the above is in order.
lol!!Originally Posted by chestnut
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)