Asked by Tay
Hi Gurus,
We need advise on our finance situation and what are the options for my family if we want to buy a 2nd propery.
We are husband and wife both working, age 35 yrs old, combine monthly income $11k. We have around $240k in saving, staying/ own HDB 4 rm 3.5 yrs old, paid by CPF but stll have $300k HDB loan outstanding.
We will like to own 2nd private property for future investment. We know that we need to meet MOP 5 yrs before sell or rent and only get 60% loan for 2nd property now.
We were thinking of 2 options:
Option 1: Buy a 2 bed room condo to stay, rent out HDB.
Option 2: Buy a studio and rent out, carry on stay in HDB.
Actaully we preferred option 1 as we want to enjoy living in condo while we are young.
For any advise on other better options pse.
We need advise on our finance situation and what are the options for my family if we want to buy a 2nd propery.
We are husband and wife both working, age 35 yrs old, combine monthly income $11k. We have around $240k in saving, staying/ own HDB 4 rm 3.5 yrs old, paid by CPF but stll have $300k HDB loan outstanding.
We will like to own 2nd private property for future investment. We know that we need to meet MOP 5 yrs before sell or rent and only get 60% loan for 2nd property now.
We were thinking of 2 options:
Option 1: Buy a 2 bed room condo to stay, rent out HDB.
Option 2: Buy a studio and rent out, carry on stay in HDB.
Actaully we preferred option 1 as we want to enjoy living in condo while we are young.
For any advise on other better options pse.
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