August 19, 2024

First-time Buyer Dilemmas, Making The Wrong Initial Decisions & Rentvesting | NOTG S3 EP 77 Part 1

NOTG Banter is back! Jesley and Jun Wei, Listing Managers at PropertyLimBrothers, joins Melvin Lim for an engaging discussion focusing on the four seasons framework for property investment, exploring how different stages of life impact investment strategies.

Seven buyer personas will be examined over the next six months, starting with Wayne and Joanne, a young couple navigating the complexities of their first property purchase. With a combined income of $8,000, they face the common fears and challenges that many first-time buyers experience, such as securing a BTO and dealing with conflicting advice. The team shares case studies and highlights alternative strategies, emphasising the importance of informed decision-making and future planning in property investment.

Stay tuned for more insights into the financial implications of various property decisions, “rentvesting”, and the strategic importance of layouts and the future competition between properties. They also discuss leveraging bank loans and clarify the legality and sensitivity of the 99-1 ownership scheme for asset progression.

00:00 Intro
00:50 New Launch Convention Recap
02:04 4 seasons of investing in property
07:58 Introduction of all personas
10:13 Introduction of Wayne & Joanne (Persona A – 1st Time Buyer)
16:24 Age 27+ / How long should you wait for a BTO attempt
18:51 Case study
26:47 “Showing of funds”
29:38 99-1 (“Big Hoo-ha”)
31:57 99-1 Things NOT allowed
34:12 99-1 What is allowed
35:23 Case study decision / “Rentvesting”
40:06 Couples with no kids splitting a property
43:22 What if there was no input of $700K?
47:15 Consider looking at ECs
47:50 What will condos compete on in the future?
48:59 Hundred Palms 3-Bedder efficient floorplan layout
57:17 Strategy for high-income earners below 35 years old
58:16 Persona B – HDB Upgrader Teaser
58:45 Outtakes

#PropertyLimBrothers​ #notg #podcast

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List of Links

PLB
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LinkedIn: / melvin-propertylimbrothers

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https://www.propertylimbrothers.com

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Disclaimer of NOTG Podcast:
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