27 Dec '15, 1pm

Thinking of Buying and Renting Out a Second Property? You'd Better be Prepared to Do These Things:

Thinking of Buying and Renting Out a Second Property? You'd Better be Prepared to Do These Things:

Screw the white picket fence and the golden retriever. The Singaporean dream features a walk-in wardrobe and a second investment property to rent out. That investment property is going to be your key to a life as a lady/lad of leisure, and you’ll spend your days sipping champagne on Orchard Road without a care in the world. Because renting out a property basically means getting free money, right? Unfortunately, it’s not that easy. There is quite a bit of effort involved in becoming a landlord, which isn’t quite the same as stretching out your hand to pluck money from the good old tree of wealth. Here’s what you need to know. The property price isn’t the only cost you’ll have to pay Just because you’ve saved up enough money for a downpayment doesn’t mean you can afford a second property. Buying a residential property for investment in Singapore is even more expensive than b...

Full article: https://www.99.co/blog/singapore/thinking-of-buying-and-r...

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