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if you have a fully paid 4 rm hdb (with 500k), a 99 yr condo with 20% paid (outstanding 600k with $3200 rental income a month) and 500k in the bank, what is the next best investment option for the purposes of retirement with good monthly returns?
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1 Answer

Mike Lim
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Afternoon Gary,

For this enquiry, it would depend on your risk appetite. With the current outlook, may are expecting the private property market to slip, and with the 3rd property, you will be the victim for ABSD.
If you choose to pay off the current mortgage and use the rental as your monthly income, it would be quite a steady and secure move.
With your financial status, which I'm unaware fo, you can choose to wait it out for the next few more months and watch the market. You can try to look into smaller unit, ranging from around $600k to $700k, to further boost your passive income. However, with this move, you must work out your sums, to prevent from being caught in between.

All the best.

Regards
Mike Lim
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