I followed up with viewings of similar one-bedders in the same condo. A low-floor unit was selling at $390,000 while another high-floor unit was asking for $420,000. I called a few banks to ask for the valuation. Since it was a high floor unit, the value was around $450,000. The last transactions of similar units on high floor units were between $420,000 to $520,000. … [Read more...]

I wrote about "The story of buying my first property (part I, II & III)" in January. Sorry it takes so long before I post the story of my second purchase. With the positive rental return from my 1st property, very soon I had enough savings to buy my second one. In between I kept looking for good buys, again with the following criteria: 1) Good location and layout; … [Read more...]