Real estate has been booming all over the country; big developers have been building high-rise condominiums and creating townships to bring people closer to where they live-work-play-learn-shop. People want lifestyle convenience and learn to value their time spent with family and friends.
This is also the time for you to invest in a condominium property. With this, you will experience Financial Freedom. You may be thinking how will it work, or how to do it. It’s doable. All you have to do is invest in condominiums in different areas, and be able to turn it into passive income.
You might be thinking this is crazy or it’s a joke. But in reality, this is how a lot of rich people earn their passive income. The money will be rolling in your pocket just by doing it the way they do it.
This has very big potential for wealth building with limited risks and a very powerful way you can accumulate wealth. There are other alternatives where you can put your money to such as gadgets, bonds, stocks, insurance, etc. but these are not as lucrative when it comes to returning on your initial investment.
This type of investment will give you the time and freedom you are looking for–away from worrying about your expenses. This will let you cover more than what you will need on a monthly basis when done the right way. All you have to do is focus on purchasing properties that will allow you to have more income than your expenses.
Still not convinced? Here are some advantages:
- Real estate value does not automatically fall. It is often protected against inflation because rental rates increase incrementally.
- Real estate has a stable growth and protects you during market mood swings. Even during inflation, real estate benefits from it because it increases value rather than going down with the trend.
- Another reason is If properties are well maintained, you can definitely negotiate a good price when you decide to sell it. Investments made in real estate have given the highest returns of up to 20% to investors in the last 2 decades.
- Lastly, you can consider that Real estate investing will also allow you to earn and require a very little time commitment, a few management skills, and record keeping and no need to follow up on a daily basis.
Do these reasons already convince you to put your trust and investment in real estate?
Let me tell you this, in the past 80 years (according to Norada Real Estate Investment and Alex Szepietowski’s research), real estate value continually increased! Not bad huh?! It is true! The value is determined by the demand and supply. More so, Shelter is a basic human need thus making us always NEED to have a place to live. The better offers we get from developers, the more reasons people invest in real estate.
Here are some tips — To increase your limited initial investment and create an income generating property, opt to purchase in lower priced markets than in main cities or Central Business Districts. Make sure you are purchasing properties that will create income for you and not convenience. Study your location and check the amenities the property offers. It should be enticing enough for you to invest in and enticing enough for your prospected clients to want it.
At this point, you might be thinking, where will I get all the initial capital to build this dream and make it into reality. There are simple ways to do it. It will not require a big amount. This is called leverage. Wherein it will allow you to purchase and own real estate with relatively a small amount of money.
You can actually easily own real estate with, let’s say a 5% to 10% down payment and surprisingly, after a year, the value will go up without you realizing it is considered an asset. It will also require you to have a good credit standing to be able to get a loan from either the bank or from your local government.
From there, you can opt to place a down payment on the property you chose and be able to have it rented out. The money you will be getting from renting will be used to pay your monthly amortization. Or, you can opt to increase the rent a little and be able to cover all expenses including maintenance and up-keep of the property, taxes, insurance and property management.
Second is, you can share your unit to travelers. From there, you can enlist your property in social media platforms and from real estate websites to either have a spare room or your couch offered to travelers. This is actually the trend because people nowadays have the power to travel and have a vacation making this kind of rental to surge in the recent years.
You can also have it rented out. Passive income in the form of rental is a consistent income generating investment. With this option in mind, a long-term rental or a short-term rental will be both beneficial for you. For long-term rental, you can target students and yuppies and promote a dorm-tel-type (dormitory-hotel) of rental. A short-term rental, on the other hand, can be daily, weekly or can last from 3 months to 6 months. With this option in mind, you can use your unit as you wish for staycations and gain profit on days you are not using it.
With all these cards on the table, do you now believe how real estate investing can be a freedom for you to earn while you are sleeping? We would love to tell you more about this. Come visit our showroom today and we will introduce you to an unlimited income real estate can give you. Find us on Facebook – Megaworld Manila Official. Email firstname.lastname@example.org. Call or send us an SMS +639158432462.
**Thank You, Google for The Photos.