Just started working for a year, living with family, but want to buy a property to rent out. How do I do it?

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Just_Saying

19 Jul 2023

Just started working for 1 year, so the assumption is you are not yet 35. So you can only buy private property. Condo getting pricey, so you need to make sure you have the downpayment (unlikely for 1 year savings), and afford a bank loan.

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Ace

16 Jul 2023

Depending on the type of home you are buying. 1st definitely is ability to get loan, unless you already have the $$ (from inheritance).

If not 35 yet (single), cannot buy HDB.

If all else fails, just save up as soon as possible.

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1M45

Edited 16 Jul 2023

U need to make sure your income is high enough to get a loan from a bank first, then u have enough c...

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I want to chiong while still have the energy and opportunities. I will likely live away from home for another decade due to work. How do I hedge now and save up to buy a home in SG in 10 years time?

Are there any restrictions if I want to buy a private property to rent out but my new flat still has a MOP of 4 more years?

Would you rather buy everything you want but have to work full-time for 50 years or half of everything you want and only work full-time for 35 years?

Hello Dora! I've just started working for a couple of years and am in my mid-20s. Want to start investing but don't know much about it. In your opinion, when is the best time to start investing?

I've been living paycheck to paycheck since starting work 10 years ago. I'm now 35 with hardly any savings. I hope it's not too late for me. Where do I start and what can I do to catch up?

I want to chiong while still have the energy and opportunities. I will likely live away from home for another decade due to work. How do I hedge now and save up to buy a home in SG in 10 years time?

Are there any restrictions if I want to buy a private property to rent out but my new flat still has a MOP of 4 more years?

Would you rather buy everything you want but have to work full-time for 50 years or half of everything you want and only work full-time for 35 years?

Hello Dora! I've just started working for a couple of years and am in my mid-20s. Want to start investing but don't know much about it. In your opinion, when is the best time to start investing?

I've been living paycheck to paycheck since starting work 10 years ago. I'm now 35 with hardly any savings. I hope it's not too late for me. Where do I start and what can I do to catch up?