INVESTING FOR PRIVATE OWNERS
Many Singaporeans are aware of the potential benefits of investing in properties, but some hesitate due to limited knowledge or misconceptions. If you already own a comfortable home, you might wonder why you should venture into property investment.
Some assume that a substantial capital is necessary, fearing they won't afford the mortgage. However, it's possible to own multiple properties without depleting your savings. But before you go into investing, you need to understand and know why you are doing so.
Picture this: You have a home for yourself and another for renting out. The rental income from the second property eases concerns about the rising cost of living in Singapore, providing an additional income stream alongside your salary. Real estate earnings often play a role in retirement planning.
Case Study
A couple has been residing in their condominium for several years, diligently saving to pay off their current mortgage before considering a second property purchase. Their goal is to create passive income for a more comfortable retirement.
However, relying on savings is a slow process, compounded by the challenges of age and inflation. Recognizing this, and with effective home progression strategies and thorough financial planning, they discovered a way to acquire two properties without tapping into their savings.
They decided to buy a resale condominium for their own residence and used the remaining proceeds to invest in a second property, generating a rental income of approximately $3000. After deducting their monthly mortgage, they now enjoy an extra $500 in passive income for their family, while also maintaining a reserve for unforeseen circumstances.
Did You Know?
It is possible that your 2nd property can lower your monthly instalment & lower your risk.
Your investment unit has the potential to sustain itself through tenant payments. What's more, the rental income from your investment property can feasibly cover a significant portion of your home mortgage instalments.
If you've been a private property owner for more than four years, there's a chance to own a second property without tapping into your savings. All you need is an effective strategy to make your property work for you.
What YouWill Receive
A 3-Step Process
In-depth financial calculations, including additional charges such as legal fees, cash outlay, stamp duty, and so on.
Progression Plan
A simple yet effective home-ownership plan - with 3 precise steps to accumulate wealth earlier.
Far-Sighted Roadmap
Including a way for you to retire comfortably.
Options Analysis
3 ways to analyse your available options in the property market & determine the best choice that is safest for you.
Financial Calculations
A simple & in-depth financial calculation to recognise your financial standing.
Top 4 Things To Ask
The most important things you need to ask before buying any property. These are based on insight from real-life cases.
