Author Topic: Buying my first Real Estate Property  (Read 1135 times)

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Ken312

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Buying my first Real Estate Property
« on: February 11, 2013, 11:17:37 AM »
Hi. I'm getting ready to by my first residential real estate property. However, I had two questions. I'm looking for a long term investment that will generate a nice stable cash flow, do you think it would be best to purchase a single unit home, a 2 to 4 unit complex or a property unit of more than 6? ?? Also, should I focus on breaking even and continuing to work full-time or quiting my current job and trying to make a profit??

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Buying my first Real Estate Property
« on: February 11, 2013, 11:17:37 AM »

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GreenMoney

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Re: Buying my first Real Estate Property
« Reply #1 on: February 11, 2013, 11:19:45 AM »
hi ken312. it would be best not to resign your current work while you are building your asset -real estate property. Siguro ipamanage mo nalang sa kasama mo or relative or family member para yung income would benefit you all in the family.

i think maganda if you invest a property that would eventually turn into rental business...

BoyAlvarez

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Re: Buying my first Real Estate Property
« Reply #2 on: February 07, 2014, 11:28:46 PM »
Sa rental/leasing ka kikita pag nag invest ka ng isang real estate property. Payo ko lang, wag kang mag reresign muna, Tama si GreenMoney, While you're building your asset, don't quit your job kasi security mo din yun may stable source of income ka, masyadong risky kasi pag nag quit ka ng job. Tama yung payo na ipa manage mo nalang muna sa family member mo. I advice na sa family member mo ipa-manage kaysa sa asawa/girlfriend.

jenicasoriano

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Re: Buying my first Real Estate Property
« Reply #3 on: February 10, 2014, 02:07:06 PM »
I'm off to get 2 units come 2015 or 2016, pero I am nowhere near quitting my job. Mahirap e. I'm treating my condo unit as a form of added income instead of relying on it. Mas maganda na habang maaga, mag-hanap tayo ng streams of other sources of income. Imagine, if you have a job that yields 25,000 pesos/month, tapos add ka ng income from your condo rental na 8,000-10,000, grabe ang laking gaan help na niyan. You can save it or buy another unit from another project near your area para madali mo rin ma-manage yung properties mo.

PinoyLife

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Re: Buying my first Real Estate Property
« Reply #4 on: February 10, 2014, 04:32:29 PM »
If ever ba yung mga ganyan na investment sa condo tapos ipapalease mo e may added cost yun pag kukunin mo yung unit? I mean since magiging parang 'commercial' na sya in the sense na rental unit mo sya , does that add up some cost when you pay in the developer ? Pag ganyan ba may mga tax pang babayaran ? or paano ba ang kalakaran kung gusto mo ipalease yung unit mo? dba mas magastos yun? at mga ilang years or months mo marerealize ang earning potential or ROI ng unit mo pag ganun?



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BoyAlvarez

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Re: Buying my first Real Estate Property
« Reply #5 on: February 10, 2014, 05:40:45 PM »
Oo nga, basta make sure, pag nag quit ka sa job mo, may stable ka na pagkukuhanan ng income at masusustain ka nya at yung pagbili mo ng property.
Anong property ba ang balak mong kunin Ken321?

Ken312

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Re: Buying my first Real Estate Property
« Reply #6 on: February 13, 2014, 11:13:36 AM »
@Boy, actually am still undecided.

May maganda kasing offer sa akin malapit sa tinitirhan ko na property lot. may bahay na kaya lang sobrang luma na at wala ng nakatira. maliit lang sya around 150sqm pero nasa city. halos katabi nya ay mall walking distance to the main road and nearby establishments. schools at residential home. 

Whereas naman yung isa it's a condo property along edsa. magkatabing unit 2-3 units. i think.

Tapos yung isa para syang townhouse 1 unit, parang house and lot na sya.

All of these, am planning to lease/ make it rental business. but am still undecided pano ang cash flow pag ganun .. or kelangan pa ng sec, registration etc.  Marami kasing choices e.  Am thinking what could be the best option at iniisip ko din how mcuh ang ROI ko sa ganun. yung continuous.

jeckdaniels

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Re: Buying my first Real Estate Property
« Reply #7 on: April 14, 2014, 11:15:25 PM »
@Boy, actually am still undecided.

May maganda kasing offer sa akin malapit sa tinitirhan ko na property lot. may bahay na kaya lang sobrang luma na at wala ng nakatira. maliit lang sya around 150sqm pero nasa city. halos katabi nya ay mall walking distance to the main road and nearby establishments. schools at residential home. 

Whereas naman yung isa it's a condo property along edsa. magkatabing unit 2-3 units. i think.

Tapos yung isa para syang townhouse 1 unit, parang house and lot na sya.

All of these, am planning to lease/ make it rental business. but am still undecided pano ang cash flow pag ganun .. or kelangan pa ng sec, registration etc.  Marami kasing choices e.  Am thinking what could be the best option at iniisip ko din how mcuh ang ROI ko sa ganun. yung continuous.

Okay na  malapit sa tinitirahan mo currently pero kung regarding sa safety, tingin mo ba okay? Sabi mo nga sobrang luma na, baka lalo pa mapalaki gastos mo jan than sa in-allot mo originally. Yung mga mid-rise/low rise na condo ayaw mo? Almost same din naman sya sa house and lot e

jenicasoriano

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Re: Buying my first Real Estate Property
« Reply #8 on: April 29, 2014, 11:29:17 PM »
@Ken Tama si jeck as you've said, luma na for sure maraming lalabas na sira dyan and baka maging burden pa sya sayo, imbis na kumikita ka na napapagastos ka lang sa renovations. Think very very carefully before agreeing on the offer  ;)

RichPoorDad

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Re: Buying my first Real Estate Property
« Reply #9 on: April 30, 2014, 04:55:48 PM »
Well i think you need to decide based on the total amount or maintenance cost kung gusto mong bilhin yung lumang house and lot. kasi magastos din sa renovation yun.

Pero despite that fact, i think sa location pa rin sya based talaga. pwedeng luma na yung house pero ok na ok ang location.

About sa EDSA, i think that's a good investment. Condo. yun nga lang talaga wala kang lupa non so for plans of expanding medyo limited ka lang talaga. maganda nga kung malapit sa malls.
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pat_pat

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Re: Buying my first Real Estate Property
« Reply #10 on: May 16, 2014, 09:52:04 PM »
@Boy, actually am still undecided.

May maganda kasing offer sa akin malapit sa tinitirhan ko na property lot. may bahay na kaya lang sobrang luma na at wala ng nakatira. maliit lang sya around 150sqm pero nasa city. halos katabi nya ay mall walking distance to the main road and nearby establishments. schools at residential home. 

Whereas naman yung isa it's a condo property along edsa. magkatabing unit 2-3 units. i think.

Tapos yung isa para syang townhouse 1 unit, parang house and lot na sya.

All of these, am planning to lease/ make it rental business. but am still undecided pano ang cash flow pag ganun .. or kelangan pa ng sec, registration etc.  Marami kasing choices e.  Am thinking what could be the best option at iniisip ko din how mcuh ang ROI ko sa ganun. yung continuous.


Ano ng napagdesi syunan mo ? :)

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Re: Buying my first Real Estate Property
« Reply #10 on: May 16, 2014, 09:52:04 PM »

 

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