Sell One Buy Two: A No-Nonsense Guide To This Property Investment Strategy | Stacked Opinions
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- Опубліковано 16 гру 2020
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Welcome to Stacked Opinions, a series where we will be exploring some of the most common questions asked about real estate in Singapore. While Singapore is a small country, you may be surprised at just how many different rules and things there are to know about property. Whether it is to do with the various cooling measures, Master Plan changes, or even upcoming new launches there are always a ton of things to keep abreast of. We aim to be able to answer some of the usual queries we get asked on a daily basis, as well as any useful tips and tricks along the way!
In our first episode, we explore one of the most common questions we get asked. You might have seen one of those pesky online ads about selling your HDB to buy two condos. The scenarios given always seem very encouraging, but as with anything in real estate - it isn't always so straight forward. There are definitely risks involved, and we highlight them and everything you should know in this video!
For those who are looking for a more in-depth read, you can check the original article out: stackedhomes.com/editorial/se...
If you'd like to see if you qualify for such a property investment strategy we have actually created a report for that very purpose - no strings attached. Try it out here: bit.ly/stacked_sell1buy2_report
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Stacked is an online editorial aimed at helping Singapore home buyers, sellers, and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling, or renting Singapore real estate.
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Thanks for the informative video - really appreciate the quality content and analysis you guys have been putting out!
Thank you for your kind words! 🙏
Straight forward and informative
This strategy is indeed not for everyone
Easy to understand and informative. Quality content. Keep them coming!
Thank you for watching! 😊
This was a " scam" by agents and financial advisors when interest rates were 1%. thereabout. Just in less than a year - it is 4.5% and still going up . Go do the maths now - check the roi, negative cash flow and mortgage repayment. Likely to many - it is the fastest way to financial ruins and family breakup.
Very informative. More vids like this pls! Thankssss
More to come! Thank you!
A good video with substance with good narration and explanation
Thanks for the kind words. Glad you liked it James!
Very good narrative keeping it real! 👍🏻👍🏻👍🏻
Thank you ! Really appreciate that!
Awesome informative video!
Glad you enjoyed it!
Thanks for this! Can you do one for rental yields?
Great suggestion 👌
Love it! Can't wait to watch more videos from you guys. Just a small qns, how relevant in SG is the rule of not buying a property that is more than 5 times your annual income? Even if you make 10k a mth, that makes up to only about a 600k property, which is perhaps is a medium sized flat in prime districts...
Thanks for your kind words! This not buying a property that is more than 5x the annual income is actually endorsed by the CPF Board (www.areyouready.gov.sg/YourInfoHub/Pages/News-How-to-use-the-3-3-5-rule-to-consider-if-you-can-afford-your-new-home.aspx) - but we can understand that it's a super conservative rule 👌
@@StackedHomes hi! Does that mean we should also take into account of CPF contribution as part of our annual income?
Does stacked homes agree with this 5 times rule that CPF suggested? Also I recall there is another way which is to use a percentage of income to Mortage payment as a measurement of affordability. What is your take on that?
@@MXNG If you'll be using your CPF to finance your home purchase i would say.. yes! It should be included.
@@MXNG For your comment on percentage of income, the common rule is the 28% rule (28% of income for your mortgage). I personally think its a good number seeing how interest rates can slowly eat at your income without you noticing. Plus this is quite close to the max mortgage MAS sets forth being at 30% for HDB flats.
I just have to say that finally there is a video narrated by a local who speaks decent English! I cant stand hearing poorly spoken English and dont wish to judge property gurus who are brilliant but just dont speak well. So your videos are a solution for me.
Thank you for watching! 😊
Good solution to avoid ABSD, however will the properties count as matrimonial asset or individual asset under husband/wife ownership respectively?
Is it recommended to buy new launch EC if surrounding resale condos and resale ECs are transacting at about 10% lower?
Hi Shawn, thanks for your question! New launches are generally priced higher than resale developments and it's not really anything new as this would mean all new launches lose money/can't make money. There are other factors apart from just the % difference in PSF, such as looking at the overall quantum, efficiency, comparing between different condo offerings etc. However, if an older development already meets or exceeds your criteria, then we would give it some serious thought if it's not only more affordable, but you're able to move in/rent it out relatively quickly. Ultimately this would depend on your objectives, and it would not be right to say whether it's the right or wrong choice to make just based off the difference in the new launch and resale price 👌
thx buddy, very educational n easily understood....so bottom line is, make sure both r rich/high income earner...
Hey Terry! Yes that's right. Wouldn't say "rich" in the traditional sense, but have enough cash generated from the BTO appreciation and a good-enough income to take a loan comfortably, with some savings left behind 🙌
Educational....
Thank you for watching! 😀
Thank you
You're welcome
Is it better to buy a dual key?
Hey Shun! We think that if capital appreciation is important to you, buying a dual key unit may not be the best option.
It has a smaller target audience ie those that have specific uses for a dual-key, like a multi-generational home or an investor who is looking to rent out both parts of the dual-key unit to achieve an overall higher rental yield.
As such, when you’re looking to offload the property, it would be more difficult to find a buyer than selling an equivalent unit that has a traditional layout instead. Moreover, those who buy dual-key units are investors and they tend to be able to accept a lower selling price in the future as they have collected rental income from the property.
That being said, you do save on the ABSD given it is just 1 property title, and both buyers would be able to pool their income to make the purchase. However, we think it’s better to purchase 1 property that you really like for own stay, and another completely separate unit that’s perfect for investment. Purchasing a dual-key means you'd need to get the area and development right.
For example, if you're renting out the studio portion of the dual-key unit, you'd need to see if there's lots of competition of studio/1BR in the development itself or nearby. Separating your purchase also reduces complications like separating the utility bills, as well as issues when it comes to noise levels.
Not every landlord would also want to stay so close to the tenant. In the end, these are really the pros and cons and it’s up to your ability to finance and your available options.
We would prefer to buy 2 separate units if financing allows for it - so this is really up to you, but the above are our considerations 👌
What if no tendents to rent out due to economy down or lost of job.
Hey! That's always the pitfall of the tactic - it assumes you can find a tenant, or you can sustain the mortgage payment. Hence, it does come with risks and we would say not many people can safely meet the criteria to follow this tactic altogether. You should really consider what would happen if there's no income for at least 6 months - would you still be able to sustain the mortgage payments among other expenses like maintenance fees?
@@StackedHomes Thanks you for the explanation.
wonderful
Thank you, Alison! 😄
Sell 1 buy 2 is a sure way of overleveraging. The extreme financial stress will come with increasing interest rates especially when the buyer needs to hold for min 3 years to not pay SSD.
I tot singapore got a rule that one person can only buy one property?
One HDB yes, private property is down to how much tax you're willing to pay 😂
@@StackedHomes do you have a video that I can look more into it?
Those promoting will never tell you that there are property deals that are non profitable.
Yes! There are always risks, and people do lose money in property.
@@StackedHomes I guess Sentosa is one example.
The people who gave this video a thumbs down must be those internet 'property gurus' 😂😂😂
😂😂😂
Hahaha 😄😄😄
Many Singaporeans have already paying mortgage of more than 5 xs their annual income ... thats the risk sinkies have been taking up unknowingly
Yes that's right. This buying within 5x annual income doesn't leave a lot of options open.
Isn't that Lutheran Towers lol
Haha sharp eyes my friend! 👀
Why not more than 5 times your income?
2 years ago, $1.5M minus BSD can get you a brand new 750sqft OCR condo. TODAY with the exorbitant prices and increase in BSD, we can only afford a shoebox unit with $1.5M for rental income. The 2nd property will have to be a CAR for the ENTIRE family to sleep in 😅
Too Conservative... Only suitable for Most people...
Not for really ambitious people
Thanks for sharing your thoughts!