facebookProperty investing Ads that claim that one can buy and own more than 30 properties with little or no money down. Possible? If yes, how can one do so, and what are the pitfalls of doing so? - Seedly
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Anonymous

Asked on 15 May 2019

Property investing Ads that claim that one can buy and own more than 30 properties with little or no money down. Possible? If yes, how can one do so, and what are the pitfalls of doing so?

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I would suggest to “invest” 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 “investment” you will slowly be able to grow your nest egg.

Till you can truely afford to live in that “investment” 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 “gteed” 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 estates​​​

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Thank You!
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Thaddeus Tan

Thaddeus Tan

Level 8. Genius

Answered on 31 May 2019

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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Patrick Wee B.Sc. CCMFP

Patrick Wee B.Sc. CCMFP

29 Jun 2020

It’s not easy but not impossible. Disclaimer. I’ve neither attended I-Quardrant not know anyone involved in it

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

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