Views on 2nd property

[tonymontana74]

already verified, if sell within 6 months upon TOP, absd can do remission. (Was like thinking long term after breakeven). However, Including all, i think actual breakeven may be like more than 10 years, say i take this 200k (so the interest lost) and put else where or rather repay the condo loan.

i think what u doing is a bit risky.

 

[tonymontana74]

Bo bao one. Worst case is to sell off if one gets out of job. But that would meant never to breakeven. This is the main concern. Dun know the bros out here. But to come out with absd in the first place was like... u know what I mean, we only average joe.

if u really intend to not claim the remission, if talking about earning back the 200k thru rental, u can consider rent out the condo upon TOP. rental will be better than your HDB, so earn back the 200k faster right?

 

[fergus_leong]

Kelvin Learns Investing made some valid points on property investment in his recent video. Go check it out!

www.youtube.com/watch?v=Brrc0xjvFzE

 

[Pokémon]

Do check with IRAS if you are eligible to get remission, before you even start selling and trying to claim remission later, and realise you are not eligible and therefore not able to claim for the refund.