Asked by Tan
Hi, We have a condo bank valued @ $1m with a remaining loan of less than $350k. We are thinking to buy a second property for investment but like to know:
1. do we need to have ready cash/cpf for the downpayment of 20% or we can get a loan over our existing property as downpayment?
2. for a budget of $900k, expecting a size of 1 bedroom, where is a good place for investment with good rental yield.
Thanks
1. do we need to have ready cash/cpf for the downpayment of 20% or we can get a loan over our existing property as downpayment?
2. for a budget of $900k, expecting a size of 1 bedroom, where is a good place for investment with good rental yield.
Thanks
794 views
