My property portfolio has grown over three times from 2010 July to today. My passive income from rental is 15% of my wife and my annual income. With six properties, which comprise of one in Malaysia, three in the UK, one in the US and one in Singapore, obviously my quest will not end. I intend to invest at least two more times for this year and the next. By 2015, rental income must comprise around 20 - 25% of my household income.
But a big problem has arised. I'm all out of cash. My bonus was woeful and disappointing. For weeks, I was rather downcast about this prospect. I could pun on several high confidence stocks, hoping for a three bagger so that I could earn another 200 to 300k of profits, or I could offload some of my properties that is sitting on several hundred thousands of profits. But the first option may take several years. The second option may require that I sell properties with potential for further upside. I live in a house that will see Raffles Education being completed very soon, and an MRT station just next door at Liang Court completing by 2017. My place is still just 50% the price psf of luxury condos nearby!
But I stumbled on a solution. I know that there are close friends and family members who are not working, sitting on a cash pile and not knowing how nor where to invest. I could co-invest with them, using their cash for downpayment, while I slowly increase my stake by paying fully for the mortgage installments. It means that I will need to slave away for another three to four years.
