Anonymous
How is buying a condo as a second property and renting it out profitable when you have to pay ABSD, extra property and income taxes, bank loan interest and etc?
How is this a good investment, considering that there's so many other fees that need to be paid? Is this truly profitable?
3
Discussion (3)
Learn how to style your text
Reply
Save
Choosing the right property is most important from the start. The right property will be able to command better rental rates and equate to profitability in the long terms. My trusted property consultant has helped to achieve this for my past properties.
Reply
Save
Lim Boon Tat
03 Feb 2020
Mathematics at Cambridge University
Profit = Revenue - Costs
In general, unless the rent is super super low, it’s very likely that even ...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
As a savvy investor, you do not want to pay ABSD. Once there is ABSD involved, it's very hard to make money in current situation.
How not to pay ABSD? simple answer is husband and wife buy 1 each. One own stay one for investment.