Throttle2 Supersonic January 13 Share January 13 On 1/13/2025 at 4:32 PM, Ginyu said: Aiyo me dua pow sian only. You good life sia👍 Just normal life. Nothing compared to all those youtubers 🤣😂😁 ↡ Advertisement Link to post Share on other sites More sharing options...
Lala81 Hypersonic January 13 Share January 13 On 1/11/2025 at 2:19 PM, Volvobrick said: Yeah timing just nice. Refinancing mortgage at 2.5%. i refinanced at 2.85% in aug '24. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 13 Share January 13 On 1/13/2025 at 5:08 PM, Lala81 said: i refinanced at 2.85% in aug '24. Ok lah. Decent rate. Link to post Share on other sites More sharing options...
Ginyu 5th Gear January 14 Share January 14 (edited) On 1/13/2025 at 8:47 PM, Throttle2 said: Ok lah. Decent rate. With rental yield on avg 3.4% still can cover the 2.85% mortgage, using other people money to pay for it, the feeling must be song🤣 Edited January 14 by Ginyu Link to post Share on other sites More sharing options...
Lala81 Hypersonic January 14 Share January 14 On 1/14/2025 at 8:37 AM, Ginyu said: With rental yield on avg 3.4% still can cover the 2.85% mortgage, using other people money to pay for it, the feeling must be song🤣 own stay. I can't buy mortgage insurance due to my health history and my wife no income. So very conservative with debt. 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 14 Share January 14 On 1/14/2025 at 8:37 AM, Ginyu said: With rental yield on avg 3.4% still can cover the 2.85% mortgage, using other people money to pay for it, the feeling must be song🤣 Still have property tax and also monthly maintenance to pay leh. And even agent fees for most. Also property aging and dealing with tenants can be irritating sometimes. 3.4%pa minus away other costs can barely cover also last but not least, for those using CpF to pay, they lose the 2.5%pa and still have to cover the 2.5% when they sell. Double whammy extra risk element. Many people dont realise, thats why being agents are so good money. 1 Link to post Share on other sites More sharing options...
Mkl22 Supersonic January 14 Share January 14 On 1/14/2025 at 10:17 AM, Throttle2 said: Still have property tax and also monthly maintenance to pay leh. And even agent fees for most. Also property aging and dealing with tenants can be irritating sometimes. 3.4%pa minus away other costs can barely cover also last but not least, for those using CpF to pay, they lose the 2.5%pa and still have to cover the 2.5% when they sell. Double whammy extra risk element. Many people dont realise, thats why being agents are so good money. many people hoping for price up. rental just to defray. Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 14 Share January 14 (edited) On 1/14/2025 at 10:53 AM, Mkl22 said: many people hoping for price up. rental just to defray. Of course they are , and i am not saying anyone is wrong. Just know what you are doing, not follow blindly, stupidly, greedily. only new HDB can truly make good risk to return ratio now. Becos thats like getting a steel sport rolex at retail price. 😆 Edited January 14 by Throttle2 1 Link to post Share on other sites More sharing options...
Ginyu 5th Gear January 14 Share January 14 (edited) On 1/14/2025 at 10:53 AM, Mkl22 said: many people hoping for price up. rental just to defray. These fomo are not hoping, they guarantee price sure up, bao jiak as past performance guarantees success 🤣 Edited January 14 by Ginyu Link to post Share on other sites More sharing options...
Hosaybo 6th Gear January 14 Share January 14 On 1/14/2025 at 10:17 AM, Throttle2 said: Still have property tax and also monthly maintenance to pay leh. And even agent fees for most. Also property aging and dealing with tenants can be irritating sometimes. 3.4%pa minus away other costs can barely cover also last but not least, for those using CpF to pay, they lose the 2.5%pa and still have to cover the 2.5% when they sell. Double whammy extra risk element. Many people dont realise, thats why being agents are so good money. This is the very reason why people that speculate like to buy new launch..... 1. Stage payment, so upfront not as much, 2. Holding period is 3 years (after seller stamp duty is no more). Sell once TOP.... If catch the right time ( like those that buy during COVID, could double the initial deposit paid. Tenants.... No need to deal with them. But that is assuming the mkt is going up. Wrong timing can make you much poorer and stuck with a hard to move asset. 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 14 Author Share January 14 (edited) On 1/14/2025 at 3:04 PM, Hosaybo said: This is the very reason why people that speculate like to buy new launch..... 1. Stage payment, so upfront not as much, 2. Holding period is 3 years (after seller stamp duty is no more). Sell once TOP.... If catch the right time ( like those that buy during COVID, could double the initial deposit paid. Tenants.... No need to deal with them. But that is assuming the mkt is going up. Wrong timing can make you much poorer and stuck with a hard to move asset. yes ... that's the GAME everyone play before ABSD ... rich got rich play ... deposit sup sup water ... give me 5 units ... ok may be 2 units .... if PRC buy whole block liao ... LOL middle class got middle class play ... max out loan ... got father/mother ATM ... Edited January 14 by Wt_know 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 15 Author Share January 15 (edited) USA ! USA ! USA ! ... Trump ... Trump ... Trump .... huat ah! no buying for the last 2 weeks ... Edited January 15 by Wt_know 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 17 Author Share January 17 (edited) yay or nay? another way to invest property in overseas without ABSD? or this is just another snake oil https://bigfundr.com/invest Edited January 17 by Wt_know Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 17 Share January 17 On 1/17/2025 at 8:45 AM, Wt_know said: yay or nay? another way to invest property in overseas without ABSD? or this is just another snake oil https://bigfundr.com/invest Real Estate and Short term investment are two things which clash. You say leh? 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 17 Share January 17 (edited) First it was private Equity, Now private debt also flow to retail market. Means time to get out, let retail market take the shit? maxi cash? Real estate collateralized lending? Hheeeheeee Aussies properties? Projected return? Incomplete projects? Only 6%++ ? Hyek hyek hyek if i was still in the business, i too would pass my risk off to retail investors, smaller chunks, higher comms, less litigation risk. Sticky money….muayhahaha.. huat ah… Didnt say no good, but go in with your eyes open… big big. 😁😂🤣 Edited January 17 by Throttle2 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 20 Author Share January 20 (edited) there is CPF for Life ... here is Dividend for Life ... lol https://sg.news.yahoo.com/4-singapore-reits-supply-dividends-100000735.html Edited January 20 by Wt_know Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 21 Share January 21 (edited) On 1/20/2025 at 6:55 PM, Wt_know said: there is CPF for Life ... here is Dividend for Life ... lol https://sg.news.yahoo.com/4-singapore-reits-supply-dividends-100000735.html Better dont believe them for a sec wahhahhahgahga all these reports always flavor of the month type Edited January 21 by Throttle2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 21 Share January 21 Retiree chobo in Japanese park ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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