Property Selling Tip #1: All Markets are Cyclical

Investing in real estate requires patience but the rewards are immense.Once you have invested a sum of money as downpayment for a property, it is possible to have two-fold gains from both capital appreciation and rental income. The rental income is a good source of income to reduce or cover your monthly mortgage loan repayments,…

Property Renting Tip #10: Rental Income from Property

(Reference: www.iras.gov.sg) Rental income is taxable in Singapore.However, there are expenses that you can deduct from your rental income: Interest on mortgage loan Property tax Fire insurance Commission paid on getting a subsequent Tenant Cost of renewing a lease or getting a new Tenant and General repairs and monthly maintenance charges paid to the Management…

Property Renting Tip #1: Are You Landlord Material?

Do you have what it takes to be a Landlord? The responsibilities of a Landlord are considerable. It’s not just about providing a space for your Tenants.There are rents to collect, repairs to attend to and maintenances to deal with. You also have to handle unsatisfactory Tenantsand consider the relevant laws. As a Landlord you…

Property Buying Tip #4: CPF Component

(Reference: www.cpf.gov.sg) The Central Provident Fund (CPF) is a comprehensive social security savings plan that has provided many working Singaporeans with a sense of security and confidence in their old age. The savings in the Ordinary Account can be used to buy a home, pay for CPF insurance, investment and education. But only immediate family members…

Property Buying Tip #3: Credit Record

(Reference: www.creditbureau.com.sg) Maintaining a good personal credit record is important especially when you are applying for a housing loan. This includes timely payment of your mortgage loan, credit card debt, cash overdraft, car loan and so on. Please remember to do the repayment on time or at least cover the minimum payment fees on or…

Singapore Property Weekly Issue 88 now out

In this week’s issue: Lessons from Our Journey to Financial Freedom Property Buying Tip #2: To take or not to take a mortgage loan? Singapore Property News This Week Resale Property Transactions (January 9 – January 15) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 88 by Propwise.sg

The 2 Numbers Smart Property Investors Must Know: COCR and IRR

By guest contributor Gerald Tay In the first part of this article, we talked about the importance of looking at numbers instead of location when buying investment property. There are two vital numbers that novice investors and speculators frequently ignore: the Cash-on-Cash Return and Internal Rate of Return. Let’s now take a closer look at…

New Book: Mortgage And Grow Rich

by Alfred Chia (guest contributor) Alfred Chia, CEO of SingCapital, has just published a new book on using mortgages wisely. In this article he shares with us what the book is about and his reasons for writing it. Most of us have been brought up to believe that borrowing is a bad thing. To many…