🔥 Upcoming property webinar "Double your property portfolio after your MOP!" 🥳 📌 bit.ly/savvyrich3 🎬 Register now! Check how huat you are --- tinyurl.com/savvyasset 📱1-1 consultation info --- bit.ly/savvywa
@@savvyericchiew Hi Eric, but you mentioned in the video that the wife will down pay 575k for a 2mil property. This means that the wife has to take a loan of around 1.4mil. Will bank approve 1.4mil loan based on her $12500 income?
Hi Eric, another good review of MOP property from you. I have a doubt, you mentioned after they purchase two properties as you suggested, you said their property will appreciate 400 to 500k. But, they would also pay ABSD for the two properties which itself would be around 500k. How will they really see net increase in dollars?
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🔥 Upcoming property webinar "Double your property portfolio after your MOP!" 🥳
📌 bit.ly/savvyrich3
🎬 Register now!
Check how huat you are --- tinyurl.com/savvyasset
📱1-1 consultation info --- bit.ly/savvywa
Should the owner continue to hold or cash out since they already make a significant profit?
Restructure to aim 2 condos
Thanks for doing the review of Parc life as requested previously!! Really timely 😂
Sorry I totally missed it 🥲
Is north Gaia a good buy? Any profit ?
You will made lesser than other ECs 🥲
I’m curious, how do they actually profit from the sale if they don’t downgrade to a smaller condo?
Its using the proceeds from selling EC to invest further. The moment u downgrade, gone case 😂
Always upgrade to increase networth 😉
@@wwc7134 Why gone case? They got back hard cash instead of fluctuating risk assets in those 2 new properties.
@@savvyericchiew assuming bull market continues
@@allantankl even without, property is still best to fight inflation 👍
Can I check, based on the monthly income of $12500, she will be able to get around 1.5m of loan?
For age 40, $12500 basic income with no commitment can get up to $1.2mil loan to purchase $1.6mil property
@@savvyericchiew Hi Eric, but you mentioned in the video that the wife will down pay 575k for a 2mil property. This means that the wife has to take a loan of around 1.4mil. Will bank approve 1.4mil loan based on her $12500 income?
@@lionelkoh6948 got ways to get max loan 👍
Would husband getting a new launch instead of a resale be better for investment?
Budget of $1.4mil can’t get good new launch size. Best to have at least $1.55mil budget for 2b2b new launch 👍
@@savvyericchiew Thanks. But if the budget permits for them, from your past videos, I guess you would definitely recommend new launch.
1.5million can get compact size 3 bedroom. Those 850sf to 900sf ones
@@cottonuke depends on their needs. Resale can make money too, doesn’t need to be always new launch 😉
@@linweikiatable it’s quite hard to get below $1800psf for new launch. Unless it’s OCRRRR 😆
How about North Gaia!
Saw the other video saying it's far from SG and that kids will buy house in JB instead. 😅
Yes indeed 😆
@@savvyericchiew3bed north Gaia as first property okie?
@@mrngkahwee95 no please 🙏🏼
Hi Eric, another good review of MOP property from you. I have a doubt, you mentioned after they purchase two properties as you suggested, you said their property will appreciate 400 to 500k. But, they would also pay ABSD for the two properties which itself would be around 500k. How will they really see net increase in dollars?
No ABSD. They buy 1 Resi in each name 👍
@@savvyericchiew ok, good to know that. Thanks.
Last time should got change to buy Sembawang EC. But wanted to stay in city….
It’s all good! 👍
No review on Tampines 11?
Is that the new mixed development?
@@savvyericchiew yes
@@vincenttan4935 should be launching in 2024
How do you do 33 year loan for a 40 year old?
🤫🤫
How about a 50 year loan for a 70 year old?
@@rogerfaint499 😂😂
Jus simply love your suan ing jokes - esp this EC built in the capital of Australia!!
😂😂