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Anonymous
Currently owns 4rm HDB valued at ~400K. Opportunity presents itself to rent an EC @ ~$2.5K/mth for 5yrs to help friend fulfil MOP (he is Overseas). Possibility of buying over in 5 yrs.
Few options available:
1. Go ahead, sell current flat, buy private to rent out, may buy over unit in 5 years
2. Go ahead, rent out current flat, either sell HDB unit at end of 5 years (to buy EC or new BTO) or go back to live.
Wondering what's the best way to benefit from this situation? Any advice welcomed!
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Teo See Hwa
21 Oct 2018
MArketing Associate at Propnex
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Need more info.
Currently owns 4rm HDB valued at ~400K.
Need to know CPF and accured interested and CPF life. Husband, wife if use to pay HDB.
Opportunity presents itself to rent an EC @ ~$2.5K/mth for 5yrs to help friend fulfil MOP (he is Overseas). Possibility of buying over in 5 yrs.
Note: Holding a depreciating asset and buying a appreciateing asset.
Few options available:
Good
Bad.
Wondering what's the best way to benefit from this situation?