Hi Eric, dropped in for a curious look. LTV would be 55% if loan to age75 right? If LTV 75% then they'd have to loan until age65 which would skew the monthly cashflow equation. Input of interest rate 2% floating may also need to be revised upwards?
@@savvyericchiew it is borrowing 75% until you are 65, then refinance and extend the tenure to 75? So you must choose a bank without any lock in period, and when the mortgage starts, u refinance?
Eric why do we have to pay close to $10k for your consultation as compared to paying 2% commission to the agent as a seller and they agent will give us consultation anyway during the transaction?
Private profit faster in 3 years. BTO in 8-9 years. Depends how much funds you have. BTO is a very good stepping stone if funds is not sufficient for condo
Hi Eric, thanks for your sharing. Always found it insightful. I would like to understand why are they able to loan for 33 years and 30 years when they are 42 and 45 respectively?
@@lzxlzxlzx3260 Max loan means your Downpayment is lesser. Most ppl can’t buy without having max loan. If can’t buy, don’t even need to think about the future problems 😅. Can consider good layouts like dual key units to get rental to pay lesser instalment 👍
Eric is it okay to not have money in cpf as a business owner or shld put it mnthly for future property investments. Loan wise will it be a hassle without cpf?
$9.9k for Eric’s one to one consultations.. unlimited sessions..he will never chase you to buy..he’s v patient to give me an apprehensive list .. don’t have to pay him any agent fees. You still need a selling agent if need to sell existing property. I will not be able to buy my condo without his advice .. It’s the best money I paid.
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Hi Eric, dropped in for a curious look. LTV would be 55% if loan to age75 right? If LTV 75% then they'd have to loan until age65 which would skew the monthly cashflow equation. Input of interest rate 2% floating may also need to be revised upwards?
Yo Josh! Your TH-cam channel power sia! 👍
Anyway, yes you are right 55% for age 75 and 75% for age 65 but I can do 75% for age 75 🥳
@@savvyericchiew Hi Eric, LTV 75% ok for loan tenor up to 75 years old ok if your income is ok by bank requirements, correct?
@@leong6360 Yes income must be able to support. If no income I can also get 75% 😎
@@savvyericchiew it is borrowing 75% until you are 65, then refinance and extend the tenure to 75? So you must choose a bank without any lock in period, and when the mortgage starts, u refinance?
@@savvyericchiew Hi Eric, foreigner can 75% for age 75? EP pass high income.
Hi Eric, which 1 do u think for 1 bedder good in your opinion for capital gain, Trilinq or queen's Peak?
Not 1 bedder please 😢
@@savvyericchiew 1 bedder which area would u recommend as I think for now, I could only have the budget for that size... 🙁
@@msgrace2438 can stretch to 2 in OCR 👍
@@savvyericchiew but OCR no capital gain for investment?
@@msgrace2438 definitely have also highly depends what you buy and entry price 😉
Eric why do we have to pay close to $10k for your consultation as compared to paying 2% commission to the agent as a seller and they agent will give us consultation anyway during the transaction?
My recommendations are better than theirs! 😎
My personal story here as 1-1, I just sold 1 condo with a profit of $350k in 4years.. really go for it! His advice is unbiased, help u be huat!
@@gavin4411 $350k! Congratulations! Thank you for your trust and happy to see you Huat Huat! 🥳
@@savvyericchiew Thanks to you 🙏🏼
@@gavin4411 congrats!
Hey Eric, would you advise BTO or straight to private property (condos)?
Private profit faster in 3 years. BTO in 8-9 years.
Depends how much funds you have. BTO is a very good stepping stone if funds is not sufficient for condo
Now bto is expensive already. Good location is easily 500k
Hi Eric, thanks for your sharing. Always found it insightful. I would like to understand why are they able to loan for 33 years and 30 years when they are 42 and 45 respectively?
Can be done 👍
@@savvyericchiew become 55% LTV leh
@@JRambonian I can do 75% 💪🏼
@@savvyericchiew power….hmmm maybe spot undervalued property and bank stretch valuation….🤓
@@JRambonian good guess but sadly only Malaysia can do that 😂
Hi Eric, in your calculations, seems TDSR wasn't factored in, they can't borrow so much based on their salaries
Yes they can show funds too!
If no funds to show, I can still help them get max loan 😎
@@savvyericchiew Max loan in an environment with rising interest rates how ah? If lose job or kena pay cut liddat die ah?
@@lzxlzxlzx3260 Max loan means your Downpayment is lesser. Most ppl can’t buy without having max loan. If can’t buy, don’t even need to think about the future problems 😅.
Can consider good layouts like dual key units to get rental to pay lesser instalment 👍
@@savvyericchiew like that cash flow lesser then if lose job jin jialat sia
@@lzxlzxlzx3260 Life must be positive if not cannot huat big big. Start small, everything will turn out great! 👍🏼
Hi Eric, whats your thought of jewel and quartz, both at Buangkok? For 2 and 3 bedrm.
Buangkok is ok. No 2 bedder please 🙏🏼
@@savvyericchiew if more than 10 years resale also can buy?
@@huilingong6819 if got choice of course newer ones are better
@@savvyericchiew newer ones price is high now 🙁
@@huilingong6819 both new and old have value. Choose the best and the right one!
Hi Eric, Isit better to wipe up cpf first or use cash for the first 20% payment for new launch.
In theory, cash Downpayment.
Realistically, most need cash for the 2nd property so they use more cpf on 1st property
Hi Eric, can you teach coliving again? I heard you were the first to teach in Singapore n stopped during covid.
Haha you sound like my wife, keep encouraging me to teach. Let me consider 😉
@@savvyericchiew HAHAHA pls teach coliving soon. Thanks!!!
Yes I want to learn 🙋♀️
@@yiyi8388 tell me why? Give me more reasons to teach 😅
Pls teach
Look like i can't do it one person working per month installation= to my one months net salary.
Eric is it okay to not have money in cpf as a business owner or shld put it mnthly for future property investments. Loan wise will it be a hassle without cpf?
Should never put money in CPF OA since you are self-employed. Loan will not be affected. Remember to save up your cash!
Always retain flexibility. Dont lock up ur money. When sell ppty, ur profits need to top up cpf and accrued int.. so u get less profits in cash
@@cedricloh9587 👍👍
Ah beng so cool 😎
Next one going for tattoo Liao! 😆
hi! could i ask how much is your 1 on 1 consultation? can give an estimated amount? Thanks so much!
You can text my team for info, bit.ly/savvywa
$9.9k for Eric’s one to one consultations.. unlimited sessions..he will never chase you to buy..he’s v patient to give me an apprehensive list .. don’t have to pay him any agent fees. You still need a selling agent if need to sell existing property. I will not be able to buy my condo without his advice .. It’s the best money I paid.
@@gavin4411 thanks for your kinds words! 🙏🏼
@@savvyericchiew Hi is it really 9.9k? its expensive T_T
@@austinitel.2972 it’s highly recommended ⭐️⭐️⭐️
How would I know if I am suitable for 1-1?
You need to fill the spreadsheet then send to Eric’s team so that they can assess if you can qualify to make good use of that session.
Wow! Thanks Lester for explaining! 🙏🏼
Do this up tinyurl.com/savvyasset
Send me at facebook.com/savvyeric 👍
@@savvyericchiew my pleasure sir! You’re doing awesome work here literally saving people easily 6 figures worth of profits! Respect!
@@lesterlim4308 you are very kind Lester! 🙏🏼🙏🏼
ya, hope to buy a 1 mil property for my boy when he finishes his degree, .... property is forced savings
Great daddy!! 🙏🏼
Lucky son 👏🏼
45 take 30 years loan meaning have to work until 75?
sell buy sell buy to make profits! Before 65, fully paid lo! 🥳🥳
@@savvyericchiew shifu then means have to keep moving? Got kids how like that?
@@jalanjalan7099 can always buy sell investment prop 😉
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Just continue to stay current condo la, decoupling and buy another investment property la. I believe theirs current condo should be fully paid.
I wanted to do decoupling to buy my second condo too. Then I found out legal is $20k & need to pay BSD on my share. So I decided not to.. 😣
That can be one possibility 👍
Yes due to your shares of 50/50. If it’s 99/1 then it’s 5-6k only
@@savvyericchiew yes yes ownership is 50/50.. Didn’t know how to do 99-1 at the time we bought.. if only know u earlier.. Save on my $15k legal lo
@@shirley7013 maybe your plan is to sell entirely and buy 2? Blessings in disguise 🥸