Real Estate Dad SG

It is about one couple profitable journey in the property scene using an uncomplicated method to achieve financial freedom.

A must read book for those interested in investing, in whichever investment vehicle.

How Robert Kiyosaki's Wisdom helped me become a better saver!

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A few quick tweaks will help with the probability of selling the house or even fetching at a higher price.

There are currently a lot tenants looking out for rooms or even a whole unit to rent. With the current situation happening around the world, foreigners and firms will have to extend their stay here. Hence, many of them are looking for a place to stay. If you have a spare room/whole unit, you can help by renting out your place and in turn, earn extra income. You can be a landlord within 2 mins by implementing this 3 steps.

For today’s segment, we will be taking about building passive income

Hi guys, thank you again for your time. For today's segment, we will be talking about spotting undervalued property. In our daily life, we too look for discounts whether we shop. Hence, the same principle also apply when we buy property. So how do we spot for undervalued properties And there are my 4 ways to spot undervalued properties 1. Decide on the budget The first and most important aspect of any purchase you make, either small or big, is the budget. So how do you decide on the budget? You will need to assess how much cash and CPF you have. For bank loans, you will need to prepare at least 5% of the property value in cash and 20% in CPF. For HDB loan, you will need 10% CPF and the rest can be paid through a HDB loan. If u are paying price above valuation, the excess must be paid by cash 2. Decide on the area This further streamline the number of properties that you are looking for. I would recommend to get homes that are based on your needs such as being near your parents m, your workplace or your children’s school. At least if you buy a home that is based on your long term needs, you can justify it and not have buyers' remorse later on. For the more risk adverse, there are some areas in Singapore that are undergoing major transformations. You can visit URA masterplan to learn more.  3. The size/type of the house After you have decide on the budget and the location, then u will can decide on the size or the type of property. I personally feel that the budget and location is more important that the size or the type of the property. But it is one of the considerations that you have to make as well. You should not over extend yourself financially just so u can live in a bigger house in the area of your choice. Neither should you get a bigger house which is not in an ideal location for you. 4.Use property search engines PropertyGuru, SRX and 99.co are some of the property search engines I have personally used. They can help you spot undervalued properties They, too, do have tools to check for past transactions history. Hdb also provide the past 1 year resale HDB transactions. For private homes, URA provides the private property transaction for the last 3 years. There are my 4 ways to spot undervalued properties. If you haven't notice, my emphasis is putting your needs first and not the buying process. That is more important than buying things at a discount. How many times have we bought some things at a discount and regret just after. I hope you have learn something from this segment and I wish u all the best on your next property journey.

35 year old and want to buy a property? Use these 3 considerations 1 ) Start with the end in mind 2) Financial power 3) Timeline

Hi guys, thank you again for listening to my podcast. Today’s podcast we will talk about the implication of debts on your investing journey. I personally do not like to take loans. Even when buying a car, I bought one that I could afford with cash on hand. At times, taking a loan can have its merits. For example, using a credit card with 0% interest instalment plan. When loan gets easier and cheaper, we tend to buy things that we don’t need. Take for example going to the supermarket. If we have a groceries’ list and have the cash on hand, we tend to stick to the list and the Budget. Remember the good old days when we were younger we use to pay everything with cash. If take more than we should, we had to make a decision on which item we should return back. Times have change and the credit cards offers a lot of convenience. we buy things that we don’t really need and they end up expired in our cupboards. A dollar save can be a dollar used for investing. In property investing, by taking a loan or even using credit cards, it can affect your Total Debt Servicing Ratio (TDSR). This directly affects the type of property that you can own. When taking a loan, please rethink again how can it affect our asset planning. We might be missing out on the bigger picture.

A 50 year old teacher is asking whether he should pay this housing loan using his CPF. He has $500,000 in his CPF and just bought a $1.2m condo. 3 considerations should be apply : 1) CPF withdrawal age, 2) Accured Interest 3) Opportunity Cost