"Landlords grow rich in their sleep.." - John Stuart Mill
I am originally residing in Cebu City. But I am selling Baguio properties. It was September 2012 when I got here for a week vacation and met a friend. Of course, I need a place to stay in and that I looked for Baguio apartments for rent. This is where I met the word "transient houses/homes" which I never ever heard before.
When I noticed Baguio real estate market when it comes to housing and rentals, the demand is quite high. I received tons of inquiries for rents and for sale properties when I started selling the landlord's house for sale in Bakakeng, Ciudad Grande, Baguio City.
The Baguio real estate market has interests me a lot until I met Goshenland company. Goshenland has offered preselling properties at a very affordable price and flexible terms of payment. When I checked their projects, I noticed its potentials and that with no hesitation, I picked the best project - Central apartments in trancoville.
I don't have millions with me. I am not rich but I am very much willing to purchase a property due to it's demand and how it will benefit me in the latter.
Why I purchased a unit in Trancoville central apartments?
- It is very accessible in Baguio Business district.
- It is very near SLU Main in Bonifacio.
- People from the south, looking for rent are looking for transient homes nearby session road, malls and SM.
- Jeepney is 24 hours
- Potential for long term or short term rents.
Do the math - Investment is worth it!
I invested the property last year 2014, now I'm waiting for the building to finish and so excited to enroll it to our leasing department!
It's not easy to acquire a property but since the Company has offered by installment payment terms to complete the 20% downpayment, I grabbed the opportunity!
Those days am just a tenant, sooner I will be a landlord and I will generate income while I sleep, go somewhere and everything else!
Want to invest and wanted to be a landlord too? Message me will find the property fit to your criteria!
NOTHING IS IMPOSSIBLE. IF I MADE IT, I KNOW YOU TOO CAN MAKE IT!
While marketing Baguio properties, I've noticed that lots of people are looking to invest lots or houses in Baguio located near downtown or Baguio Business District. The demand of house and lots in Baguio near downtown are too high.
When it comes to location, Yes, there are some property owners selling their properties in such areas but I don't think it fits to your price range. Mostly, those properties are priced high in the market.
Due to the scarcity of lots near downtown and its very expensive price to build your dream home, Condominiums like Central apartments in Trancoville, Burnham Hill in Kisad Rd and Melbourne tower in General Luna near session road are built for you to have a chance to acquire a property accessible to locations nearby schools, public market, parks and malls.
Goshen Land Capital Inc. has offered these communities to those investors willing to invest properties in those areas at an affordable cost with flexible terms of payment.
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You want to rehab houses, but where do you start? How hard can it be to buy a house, rehab it, sell it, and retire to a life of luxury on the French Riviera?
Before you start it is imperative to have your own financial house in order. Jumping into rehab without a solid foundation will make it very difficult, if not impossible, to succeed.
Rehabs fall into three basic categories:
Each type carries a different level of risk. My recommendation for most people is to start by rehabbing a house for their own personal use. It carries the least amount of risk since you will not have the added carrying cost of a second property. If you live in the house while you are renovating it, you just have your regular living expenses.
There are other advantages to living is a house while rehabbing it. You do not have the same time pressure. When you are rehabbing a property with the intention of flipping it, you are losing a little piece of your profit everyday. Holding costs are a ticking clock, time is money. When you experience a delay, you lose money. If the market makes a quick sale difficult, you lose money. The risks associated with flipping are enormous. The current real estate market conditions just make it worse.
Make It Your Own
When you are renovating a house with the intention of flipping, you need to keep the end user in mind. This usually means making conservative choices that will appeal to the widest number of potential buyers. If the house is going to be your residence you have the ability to incorporate your own personal taste. If you want purple walls with a pink ceiling, then go for it. Rehabbing a house for your own use allows you to create a home that fits the way you live.
You still need to keep resale in mind if you have any intention of selling in the near future. Determine what you resale time frame might be and work with that in mind. If it is going to be a long-term hold you should do whatever makes you happy and fits your lifestyle.
Learn As You Go
No matter how much you study and prepare, first time rehabbers will make a lot of mistakes. It’s much easier to learn from those mistakes if you are not under the constant pressure of having to complete a flip. My first rehab was a major learning experience. I had the luxury of time. I was able to take the lessons learned and carry that knowledge forward into future projects. If that first rehab was intended to be a flip I would have lost a lot of money and it probably would have been my last project.
Instead of trying to earn a million dollars on your first deal, look for one that can propel you to future success. Start small and keep the project within your ability. With each success you can move into bigger and tougher projects. As your ability grows, your profits will increase and your profits will soar.
SOURCE: How to Get Started In Rehab Real Estate by Richard Warren
Property Investment ba hanap mo?
***** READ THIS!! *****
Para sa mga OFW, real estate investors or mga home buyers na gustong mag-invest ng property sa Baguio City for commercial or residential purposes, ano ba ang hanap nyo?
Ready for Occupancy or Pre-selling?
Mostly, mas prefer ng karamihan ang Ready for Occupancy Units. Yung iba kasi gusto lumipat agad or gusto nila visible na sa kanila yung property na gusto nilang bilhin. Mas maganda raw po kasi yung nakikita mo na ang bahay or condo kasi may times din na minsan, pag view natin yung property, we assume / imagine ng kung ano ang mga plano natin sa bahay if in case na binibili na natin ito.
When it comes to buying a house, hindi ito basta-basta. We will be spending millions of money, hindi ito gaya ng candy na pwedeng palitan mo agad bili ka ng bago pag di mo nagustuhan yung lasa.
Purchasing a house or condominium is a very good investment but needs deliberation before you come up to your final decision.
Pre-selling and ready for occupancy units has advantages and disadvantages.
***Ready for Occupancy Units***
1.) Pwede mo ng malipatan agad.
2.) Visible na, maview mo anytime kung kelan ka available
3.) During the viewing, mavisualize mo na kung ano ang gusto mo sa bahay.
1.) Mas mahal na ang price ng RFO
2.) Usual payment terms, spot cash na ang downpayment mo para makapagmove in ka na. Medyo mabigat na sa bulsa.
3.) Yung financing scheme available, may iba Bank lang ang pwede, may iba Pag-ibig lang. Mas better kung either of them can do para may option ka paano mo bayaran ang remaining balance mo.
1.) Mas affordable ang price ng property
2.) Terms of payment is stretched - so hindi masyadong mabigat pag binabayaran mo.
3.) Once the house or condo is complete, pag nakafully paid ka na sa downpayment na binabayaran mo monthly eh pwede ka nang lumipat
1.) Wala ka pang nakikitang unit, just auto cad pictures lang / floor plans but some developers like Goshen Land has model units to show sa kanilang offices.
2.) You have to wait when pa matapos ang construction bago ka makapagmove in. It'll take 1 to 3 years to wait depende rin sa status ng project na pili mo.
3.) May instances na hindi matapos ang project or nadedelay ito. Best advice for this is to choose the best and most trusted developer sa area. Check the developers background before mo sila pagkatiwalaan na bilhan ng pre-selling projects.
We all know that Real Estate always appreciates. Never itong nagdedepreciate ng value kaya ito nasabing great investment. Sa RFO or Pre-selling units parehas lang din naman ang buying criteria natin pag naghahanap tayo ng property na ating bibilhin but the difference lang ay yung availability ng unit.
Pre-selling units for me is an advantage when it comes to property investing. Kasi mas magaan ito sa bulsa eh compared to that of Ready for occupancy unit. Hulog hulugan mo lang habang antay antay ka until matapos ito and soon, maturn over din sayo ito agad pero sure mo lang na ang developer of the said property na pili mo maasahan ha?
Of course, set up mo buying criteria mo (location, price, property type, size, etc.) bago ka magpurchase then choose the best developer.
Need help in your search for Commercial or Residential properties in Baguio City? Don't hesitate to message me!