AskGuru Q&A Community

Morning JJK,

Which project and area are you intend to look for?
As to put under your wife's name, it good to consult a banker on her IPA before you proceed.

Bedok Residences at Bedok Central - Launching End Nov 2011.
A project that you shouldn't miss!

Visit my website @ www.myBedokResidences.com or contact me for more details.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
ERA Read More

Hi JJK,

Based on your cash on hand, you could consider a $1.5M property for own stay i.e. $300K downpayment and followed by a 2nd investment property of up to $1M i.e. $400K downpayment.

As your wife does not have a fixed income, it may be harder for her to get a loan even though it's her first property.

Nonetheless, I could link you up with a few bankers to provide indicative approved loan amount based on your household income etc before we commence on the search for the both properties.

Best regards,
Jeron Lee
Jones Lang LaSalle Residential
Mobile/WhatsApp: 90015060 
Email: jeron.lee@jllassoc.com Read More

Morning,

Are you looking at buying 2 properties at the same time or buying them at staggered timing?
To purchase 2 private properties at the same time, you will need to work things out carefully. We need to look at the amount of CPF monies that both of you have and your income status, to work on the monthly installment and expenses. The advantage of this that both of you can have a property to your own name. Problem is for a family of 4, you might need at least a two or three bedroom unit. Unless both of you have a place to stay, you can try to look at new launch.

To discuss about the possibilities, feel free to give me a call and I will try my best to assist you.

Regards
Mike Lim
 96929209 
ERA Read More

Hello JKK,

I would recommend you to focus on finding a place for your family of 4 first as shelter and a roof over our heads is a basic need. After you have secured your place, there might be renovation and design costs as well.

After you have settled the payment of your place and the various costs involved, you can then plan your next investment purchase with what's leftover. I recommend this way because its safer as you never know what the future holds. You might require the cash for other purposes. If you were to buy 2 properties at the same time and need to liquidate one urgently for cash, you will incur the hefty seller's stamp duty if you were to sell within 4 years of your purchase.

I hope this helps. Do view my web at www.96952550.com and if you feel that we can work together in the future, I look forward to hearing from you. Thank you!

Warmest Regards
Dalen Chee
email : dalen550@gmail.com
mobile : 9695 2550  Read More

Hi JJK,

Regarding the loan of a second 80%, you can contact me and i can tell you how it can be done.

However, I would strongly advise that you must be comfortable to hold on to the 2 properties when the need arises. The reason why the goverment comes up with all the new rulings, would be to discourage short term investors. However, if everything is good, I got a few suggestions on where you can consider and why.

Feel free to contact me at your convenience.

Ken Tan
 96461490 
Huttons

more info, go to www.96461490.com Read More