Dear Stacked homes,
I have been reading your articles and find them very helpful thus would like to seek your advice.
We are currently living in a 5 room HDB flat. Our total family income is 18k. We are around 50 years old. We have about one million in cash and 200 thousands in CPF. We have two teenagers to be in university in a few years time. As we are planning for our retirement, we are contemplating to invest in property for passive incomes and/or capital gains.
We are looking at the following scenarios.
1) Buy a new 2 bedder condo and rent it out. Stay in current HDB flat
2) Buy resale 3 bedder and stay. Rent out current HDB flat.
3) Buy new condo. Sell HDB
4) Renovate HDB and stay.
We look forward to having your advice. Feel free to suggest other options. Hi there, It’s great to hear that our content has been...