How you can leverage on your property
to own 2 or more assets and
build net worth without using a single cent from your pocket?
What are the options available to you?
(1) Decouple
What is decoupling?Decoupling in real estate term is the process when one co-owner of the property transfer his/her share to the other co-owner and officially remains as an occupier.
The wish to purchase 2nd property in hope to avoid or minimise payment of Additional Buyer Stamp Duty (ABSD).
What are the cost involved in decoupling?
- Legal fee
- Buyer Stamp Duty
- Accrued interest
- Penalty for discharge of home loan and cost of getting a new mortgage
