Hi Eric Tan, It depends on your savings,budgeting and your further loan eligibility. You can consider refinancing and leverage on your existing first property only if the value had appreciated a lot more than you first purchased to provide you the down payment needed for your next purchase, if needed. Please also consider whether your bank loan has a lock in period penalty usually for 5 years. There will be up and down cycle in properties so either you study the trend in different locations and types of properties or you manage your financials to ride through bad cycles. Property investment should be planned for medium to longer term cycles of 7 to 10 years. If you benefit from an unusual property boom cycle just like the last 5 years cycle then it's really a bonus. David Wong Principal/Licensed Agent E2097 QUANTUM REAL ESTATE Tel:+60193330573 Office:+60377289108 www.quantumrealestate.com.my
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