Why Renting Out Your Property Could Be A Financial Mistake
Buying a property solely for rental yield used to make a lot more sense, but with the rising rental expenses, it may not be anymore.
Two years ago in 2022, our Finance Minister Lawrence Wong announced an increase in residential property taxes. This is a fixed cost for rental properties.
In this episode of #AskJoy, I shared how the increment in property taxes can affect your rental yield.
If you are a Landlord OR a Landlord to-be, let this video serve as a reminder as to why you should not buy an investment property just for rental yield.
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