You’ve heard it before. You’ve been struggling all your life trying to find the right job, right environment and yes, right compensation. But is ‘right’ enough? Will it be enough for the next 5 years? How about 10 years? There are various money-making vehicles that you can choose -- and real estate investing in the Philippines is the quickest way to go.
Before you get hyped with real estate investing in the Philippines, here are a few basic points on real estate investing.
a.) Know what is trending
Make a short survey on what’s trending in your local area. In the Philippines, check out highly populated areas like Makati for residential houses, condos, townhouses and commercial spaces. With the rising numbers of BPO companies and foreign investors flocking the country, real estate investing in the Philippines wouldn’t a problem.
b.) Know your goals
Goal setting has always and will ALWAYS be a part of life. If you want something really badly, then you need to have specific goals to achieve it.
“You can’t cross the sea by just staring at the water” – Rabindranath Tagore
So how can you cross the sea? How will you be able to get to the other side of the hectic 8-12 hours working periods? Do you still have time to enjoy your life? Sometimes we need to ask these questions for to understand what we really need -- and create better results.
c.) Find a reliable company to invest your money on
Real estate investing in the Philippines is no walk in the park. Yes, you always have the option to invest in a bank or your time deposits. But is it truly enough to sustain you through the long years of retirement, medical necessities and enjoying life after employment?
Real estate investing in reputable companies should catapult you above the employment range. Real estate investment is a solid money-generating medium. If you have a condo or commercial space for rent, imagine the amount you’ll be getting on a monthly basis. Take a look at the bigger picture: How about 10 years from now? Your apartment, townhouse, condos, commercials spaces and residential properties will still stay. Unlike paper assets, it’ll be easier to maintain a solid one for those new to investments. While you’re working in the office (for the meantime), your property is earning.
Philippine outlook for real estate investing in 2010
The Ondoy and Pepeng incident gave real estate investors a better insight on what to do in case this happens again. Here’s the link to real estate investing in the Philippines under these circumstances: http://www.realestatephilippinesblog.com/hard-but-valuable-philippine-property-lessons-from-ondoy-and-pepeng/.
Risk takers don’t settle for anything less. If you’re not a risk taker, nothing happens in your life. You’ll be living the same job, same life and same income. Risk takers take actions and won’t back down a challenge. How do you think the rich get richer -- and the poor get poorer? With a winning attitude and teachable mind, then you’ll definitely be on your way to success.
Real estate investing in the Philippines guarantees constant flow of cash in your wallet. Buy properties that are located near highly populated areas like Pasay and Makati. Most of these properties ensure 10-12% return of investment. How about that for passive income? If you look at the bigger picture, think of what your money can do for you -- and not you for your money.
Have a great one!
"The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty" --- Winston Churchill
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Contact: Fortune Maliwanag
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