Why you should consider to invest in real estate? As Robert Kiyosaki states clearly in his books, always prioritize assets in place of liabilities when you have money… They will bring you wealth in place of costing you. So if you want a long term success, buy a house or generate income from your money in place of buying a car for example. Good, you have probably thought about starting or taking pa
rt in a business but if you read this, I suppose you’re looking for other solutions. Then you have three main choices in my opinion, putting your money in a bank, investing in stock market or finally in real estate. I’ll show you why choosing the last is wise, mainly in Cagayan de Oro. Real Estate Investment
1. In Cagayan de Oro, properties are gaining value every years
Thanks to the steady and strong economic growth of these last years, the real estate market in Cagayan de Oro is going very well and the happy owners of land or properties see that the value of their assets does not stop growing.I’ll give you a personal example to illustrate this it’ll achieve to convince you I’m sure:I personally bought a lot in Gran Europa 3 years ago for around 430K and now the market price for it would be more than php 800,000. Of course if I would like to sell it I could maybe not get that money and there are the taxes regarding the sale but I would still make a big benefit for sure.
2. Rental means income
When you have a built property, you can earn monthly passive income with the rental, the market is still at the advantage of the owners and there is more demand than offer, mainly for small to average rental costs.A house for rent at a fair price – it’s objective, ask me what’s the fair price for yours is if you need – of below 20K monthly will generally find a tenant in a month, below 10k, it can take just one day. It’s good because it gives more power of negociation to owners and they can be “choosy” regarding their tenants. If they decline an offer, they’re still not afraid to stay with their property empty too long. If you don’t need the income from the rental, re-invest it of course. smile emoticon
3. It’s easy to fund
Outside of 5-6 and other loaning schemes with prohibitive rates, housing loans are the less strict ones I know, I may be wrong but I think it’s probably the easiest kind of loan you can get.
4. No risk of real estate bubble in CDO for now
Cagayan de Oro is still a relatively small market and most buyers are investing in their first property, the one they’ll actually live in. It means the part of speculation is very low compared to more mature markets like Cebu or mainly Manila. The risk of a “bubble” is almost null for now then.
