Asked by n***@gmail.com
Hi there, i have a question about getting a second property.
Our hdb EA MOP early last year and we rented out the entire unit mid last year. We are thinking if it is possible for us to get a second private property, a 2 bedroom condo for investment purpose. However, only one of us is fully employed, with an income of 7K.
Our rental income per month is 3K. We do not have any other loans, other than the hdb loan of $905 per month, deducted from CPF.
We do not want to sell our EA as the rental income is good for a property we bought 25K below valuation at 550K 5+ years ago. I have 40K in my cpf, my spouse has 5K in his cpf, cash wise we have about 28K in savings. Is it even possible to contemplate getting a 2br condo? Thanks
Our hdb EA MOP early last year and we rented out the entire unit mid last year. We are thinking if it is possible for us to get a second private property, a 2 bedroom condo for investment purpose. However, only one of us is fully employed, with an income of 7K.
Our rental income per month is 3K. We do not have any other loans, other than the hdb loan of $905 per month, deducted from CPF.
We do not want to sell our EA as the rental income is good for a property we bought 25K below valuation at 550K 5+ years ago. I have 40K in my cpf, my spouse has 5K in his cpf, cash wise we have about 28K in savings. Is it even possible to contemplate getting a 2br condo? Thanks
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