Today, as my son entertained himself at the indoors playground, I had a deep conversation with my wife. We talked a lot, from wills, parents to children.
Eventually, the conversation drift to property. She wanted a shift to a private property and leave it for our son when we go see our makers. She wanted to do it “when the market is right” (my poison)
I told her these:
1) You need to understand these because I might passed away earlier than you.
2) Misconception of rental money is the best investment money. Many look at the 2-3K rental and believed it is a good investment since the rental can pay off the property eventually. I ask her to consider yield. How much capital is put into the property to generate that few k of rental.
3) I ask her to calculate the yield of her mother private …