How Often Do You Hear Yourself Saying: “I want to upgrade and also buy another property to rent out, but I don’t know how…”
Hi, congratulations to you.
You may have just reached your MOP or the 4th year of owning your condo when you don’t need to pay SSD(Sellers Stamp Duties) and are wondering what you should do next.
You now have a host of choices to which can powerfully impact the quality of life by
1) upgrading to a bigger home,
2)become a property investor and build your wealth
3)relocate to another location nearer to your loved ones
My name is Lena Low and I’ve been a property agent for 20 years and helped countless buyers and sellers find their dream properties. I have handled over 500 transactions in the West Coast area and know it like the back of my hand.
I have actively walked the ground in the various condos like Blue Horizon, Clementi Park, Seahill, The Vision and many of you may have seen the newsletters which I send out to update the owners there almost every month since 2005
Are you having these concerns regarding your property?
I would like to buy another property as a form of investment in my overall portfolio. But with all the existing rules and regulations looking like a maze, I have many questions which I need answers to. My private property had made a nice profit but I am not sure what I should do.
Should I cash out as my private property is a 99-year leasehold one? But then what should I buy next ? What kind of properties can have the same kind of capital appreciation as this first one?
Age is also catching up for the spouse and me. Can I still upgrade or should I downgrade and buy 2 properties? Or is it better to change location altogether and what factors should I consider?
Like you, many of our clients struggle with this too. They don’t want to take more risk but also know that if they don’t do anything, they may just waste the last chance to invest in properties because they are getting older and the amount of loan they can take is much shorter than before
Are you struggling with with not wanting to take on more risk but also knew that if you don’t start, you would be missing out on riding on the property wave and would never start. Are these the many burning questions you are having?
Can I even afford to buy another property?
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Should I wait for the market to tank further before I buy?
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What happens if I suddenly lose my job?
Can I use all the CPF in my ordinary account?
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Should I rent my condo out and buy a second property?
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How much cash and CPF is needed?
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What is the best thing to do in my situation?
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How can I reach the fullest potential without taking unnecessary risks?
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What is the best thing to do in my situation?
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What can I get out of property investing?
Age is also catching up for the spouse and me. Can I still upgrade or should I downgrade and buy 2 properties? Or is it better to change location altogether and what factors should I consider?
Like you, many of our clients struggle with this too. They don’t want to take more risk but also know that if they don’t do anything, they may just waste the last chance to invest in properties because they are getting older and the amount of loan they can take is much shorter than before.
This is what one of my clients Anna was going through and this is how she described her dilemma…
“I Almost Stopped All thoughts of investing in properties!
I remember when my private condo went up in price by about $200,000 and I was wondering what I could do…I was frustrated every day because I remember researching on the internet furiously only to find scraps of piecemeal and incomplete information which led me nowhere…
“Should I sell my condo?”
“Should I decouple instead of selling?”
“Should I buy new launch or resale?”
“Which condo has highest appreciation”
“Which condo has highest rental yield and transactions”
What are the properties with highest rental yields (How important are rental yields and how do they add money to my pocket anyway?!)
The internet is filled with general info like the transacted prices of different condos but I needed to know more like:
What needs to happen before I can make $500,000 in property?
What are the different scenarios I have to consider if prices drop by 50%
What if interest rate goes up by 2%
But wait a minute, how do these relate to me? How do I connect the dots of all these to my actual situation?
And after doing all these research I was more confused than ever…
Property investment was like a huge forest that I was getting lost in with no hope of getting out.
I went to some guru talks and they are talking about owning multiple properties while some touted buying foreign properties.
All I wanted was to be able to invest in a low risk and let my returns steadily grow throughout the years without taking any crazy or wild risk.
As a matter of fact…
I had almost talked to everyone whom I think knows a bit about property investment. However they may not be the most ideal people to talk to because most of them have not invested in property before…and probably don’t know anything more than me…
To Make Things Worse My Friends and Relatives Mocked Me for Wanting to Upgrade and Told Me to Simply Stay Put…
Why must buy 2 properties?
What happens if the economy crashes and you can’t pay the installment?
Just be happy with what you have la…
I was not satisfied with this answer of just staying put.
What about that client who retired early and rented out his condo and lived at the HDB?
You mean there are really people who can live off rental income without having to work? This idea intrigued me and I swore to learn everything about it
The chilling idea of having to work until I am 70 scares me too…what is it that property investors know that I don’t?
You know what I’m talking about?
In the end, all I really wanted was…
- To Buy A Property Which Will Steadily Grow in Price So That I can Have Capital Appreciation for future needs like Education
- To Have More Time And Eventually A Source of Passive Income
- To Leave A Valuable Property To Take Care of my Loved Ones When I Go
- To Have Rental Income When I Grow Old and Unable to Earn as Much As I Do Now
I was on the verge of giving up and calling it quits!
I kept searching for answers but I really can’t figure out this property investment thingy on my own….
I am so glad that I spoke with Lena who gave me her many insights from her 2 decades of experience in the real estate industry.”
So if you would like:
- Have a clear picture and detailed plan in your mind
- Know what kind of property you should buy to fulfill the different types of goals that you may have. It can be for passive income or for capital appreciation. Either for just upgrading or buying an extra property for investment. All these planned conservatively without taking any crazy risks or using questionable tactics.
- Feel surefooted and assured that your next move is the right step towards achieving property investment goals in a low-risk and safe manner with every risk being assessed
- No more burning your precious weekends and spare time reading newspapers, researching on past trends, population, future MRT lines and their impact on surrounding properties etc and still not knowing clearly what to do
- Enjoy a smooth transition from selling to moving into your dream home without any hassles and headaches
- Sell your property using the latest facebook strategies which has doubled and tripled the number of qualified buyers
Take out all the guesswork in your next investment.
Call Lena Low at 90-900-700 to clear away all your confusion and do the hard work and sums for you!
Testimonials
“We did approach a few other house agents but none can match the patience, commitment and dedication Lena has shown in dealing with the selling of our flat. Unlike an agent who mentioned to us that our house will not be easy to sell as it is a low rise building (only 4 storeys high), Lena tries her best to market our flat. Lena is able to reassure us with her vast knowledge and experiences in real estate when we have doubts.”
– Yas and Khai
“I would like to commend Lena Low for the excellent service she provided selling our condo for us. We really appreciated her enthusiasm and willingness to work with us. With her knowledge of the market she provided a realistic idea of what to expect & how long it might take, and she kept us informed constantly throughout about what she was doing and when there were changes in the selling environment, such as when the buyer’s stamp duty was added.”
– Kimo C.
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I am very proud to say that the service I got from Ms Low is impressive. She dresses up very neatly and professionally, thereby giving us confidence that she is very professional in this line of expertise. She also shows deep knowledge of the industry as she was able to respond to all our queries promptly and to our satisfaction. Most importantly and what really matters the most is this: you cannot find an agent more hardworking than Ms. Low – who works for your best interests. Whereas other agents would arrange for one to two prospect a week, Lena would have almost a daily stream of prospects. Even the other agents we have commissioned to assist were very impressed and had to take a back seat as most of the prospects they have identified had already been contacted by Ms. Low!
– Nathan Shih