Anonymous

26 May 2019

∙

What does the panel think of the strategy of upgrading to a condo after purchasing a 3 room resale flat close to a MRT? The 3 room flat will then be rented out to supplement the income.

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Douglas Chow

26 May 2019

Chief Enlightenment Officer at Empower Advisory

Douglas here, 2nd Keynote Speaker.

That's fine. It's a common strategy that has worked for many Singaporeans. Just save up for it.
You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283
Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey.
Regards
Douglas Chow

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Related Posts

I have sold off my hdb recently, with intend to upgrade to a 3 bedroom resale condo. Should I buy another condo now, or should I rent first for a year, and wait for resale condo price to go south?

I'm planning to purchase a 3 room resale flat within the year with a budget of 250k-300k. Should I go for a SIBOR linked loan or FD linked one? Or would the usual 2-yr fixed rate loan be more beneficial to me?

Should I buy a cheap, central location but old resale 3 room hdb flat with my foreign spouse? Reason being, I can rent it if it’s central and if it go through enbloc, I can earn more ?

Is it possible to apply for 3-room BTO with my partner and while that is building, we buy a resale flat to stay in, and in the future rent out the BTO?

Seeking advice on resale flat. Should my fiancé and I get a 3-room hdb now (only me working) or wait for another 2-3 years to get condo/bigger 4/5-room hdb when he starts working (combined income x2)?