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Patrick Wee B.Sc. CCMFP
29 Jun 2020
Sales person at A Local Real Estate Co
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Hi, I was at the 99.co event the other day and if I'm not wrong one of the speakers said that this wasn't possible or was very difficult to do.
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I would suggest to āinvestā in your own home rather than rent. And if you can still live / leech with parents or siblings or friends & relatives, and rent out your āinvestmentā you will slowly be able to grow your nest egg.
Till you can truely afford to live in that āinvestmentā Then decide if you wish to or go ahead to invest in a 2nd one while still leeching on.
however, do own homework as owning a HDB comes with all sorts of T&Cs.
They are also not a āgteedā money spinner as they used to be.
Most NEW BUCs including HDB properties increase in value most between the 6th to 9th year.
While resale HDBs tend to have decreased in value over the last 6yrs across almost all estatesāāā