Dear Stacked Homes,
My wife and I have been reading your articles and find them to be very insightful. So we decided to seek some advice on the options that are available to us.
Currently, we live in a 2-bedroom condo. We also have a 5-room HDB flat that we rented out. Both properties are located in the north-east area. Our condo is just next to the MRT and full amenities are within walking distance. The estimated market value is about $1.1m for the condo and about $600k for the HDB flat. Both are fully paid, and we do (not) have any outstanding loan for any assets that we own.
I am 56 this year and my wife is 55. We both have FRS in our RA accounts, $100k combined in OA and $400k combined in SA. We have about $400k cash. We are receiving $2.4k monthly rental for our HDB flat. We...