facebookAt a young age (e.g 23 years old) with Low income (<$4000), is it advisable to venture commercial and industrial property investment instead, and use the profits to fund residential property? - Seedly

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          Yin Ru

          Yin Ru

          Level 2

          05 Nov 2019

          Property

          At a young age (e.g 23 years old) with Low income (<$4000), is it advisable to venture commercial and industrial property investment instead, and use the profits to fund residential property?

          2

              Discussion (2)

              What are your thoughts?

              Kelly Trinh

              Kelly Trinh

              05 Nov 2019

              Level 11·Backoffice technical at financial services firm

              No, given the info provided, it would seem unlikely this is optimal approach for long term wealth generation

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                  Douglas Chow

                  Douglas Chow

                  26 May 2019

                  Level 5·Chief Enlightenment Officer at Empower Advisory

                  Hi Yin Ru, Douglas here. 2nd Keynote speaker from the event.

                  Before you do anything, check with the banks first what is the amount of loan you can get. Remember that you cannot use CPF for commercial or industrial property.

                  A lot depends on your status, if you are planning to settle down soon, then a residential property makes more sense for you, since I dun think your partner wants to live in an industrial or commercial unit with ya ans u can't stay in one too for residence (by law).

                  If you are going to be single for the forseeable future or u have a supportive spouse or have accomodation settled, then you can explore commercial or industrial properties as an option.

                  Meanwhile save up and less bubble tea!​​​
                  You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283
                  Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey.
                  Regards
                  Douglas Chow

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