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Financial MRTA vs MLTA vs Term Plus..., whatever they call it

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irwan6179
post Dec 8 2011, 12:08 AM

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Hi guys,

Need sifu's advice here. I bought 250k property for rental and investment(need to put some money in property for some diversification). Most probably I won't be living there, worst case, I'd be living + rent the rest of the room. I'm planning to sell it after 5 years or more and get bigger house.

My question is, is it advisable to get 5 or 10 years MRTA (not full coverage) to minimize the cost since I'm gonna sell it after 5 years? I think it's the best way to get asset protection and positive cash flow at the same time.

Hope to hear your thoughts. Thanks in advance

 

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