Property
Negative Cash on Cash Return Bites Single 45 Year Old with 6 Investment Properties
By Investment Moats  •  December 6, 2016
Property investment is one of the most popular wealth machines in Singapore. It has create a lot of wealth for a lot of people. Due to that, people advise their peers the way to build wealth through properties. The New Paper interviewed a single 45 year old Property Investors current situation to profile the weak leasing market. She works in the sales industry and earns $20,000 per month. From 2009 to 2013, she bought 4 apartments and 2 retail shop spaces. Currently, 1 shop space is sitting empty. The rental revenue of these 6 properties do not cover the mortgage payments for the properties
“I really have to work very hard to close more deals, so that I can pay off the loans. If I can get past these two years, it should be okay. I can manage as long as I don’t splurge on anything.”
One apartment which is a ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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