Real Estate Investing 101

[burnik20]

hi real estate experts!

 

maybe someone could give his/her analysis on how the recent typhoon (Ondoy) will affect

the local mortgage market. I'm afraid pasig/cainta/marikina/qc land values will plummet.

 

 

i am not an expert but i just want to share my input on this. you need not worry. i don't think the value of land on the areas mentioned will suffer as a consequence of typhoon ondoy. we haven't experienced the kind of rainfall that ondoy brought in decades, and this is just force majeure, or an isolated act of God. it is not a regular occurence in these areas. and this could have happened anywhere in the philippines, or outside of it, if the same volume of water poured from above.

[Bad_Wolf]

As for land values, it may be a temporary thing...but as usual, people will still need space to live and work. However, here's my fearless forecast: There will be a mad rush for RFO Condo units. Preferably those located 3rd floor and above :thumbsupsmiley:

 

So if you have listings, maybe this is the time to bring them out.

 

hi real estate experts!

 

maybe someone could give his/her analysis on how the recent typhoon (Ondoy) will affect

the local mortgage market. I'm afraid pasig/cainta/marikina/qc land values will plummet.

[Bad_Wolf]

I suggest you recruit few but dedicated agents. Also, try to recruit or affiliate with other brokers outside the country with large pinoy populations.

 

I'm a Real Estate Broker too but I'm really having a hard time finding real estate agents. I even offer 4% commission and they don't bite

[-----'-(-@]

are condominiums good investments? can one make money in a few years by buying at pre-construction prices? what developers are sure money makers?

 

just stay away from Pacific Concord, the penthouse unit I bought at Lancaster is full of defects, shoddy construction, below par quality :thumbsdownsmiley:

[showboat]

To all brokers here, I am on my 3rd year of paying for a high end condo (studio) in metro manila. In case gusto ko ibenta how do I go about this? (pre selling price ko pa nakuha)

 

Simple studio unit lang naman but is in a good location beside major roads, a golf course, hotel and casino.

 

PM me

[TheSmilingBandit]

just stay away from Pacific Concord, the penthouse unit I bought at Lancaster is full of defects, shoddy construction, below par quality :thumbsdownsmiley:

Most developers are trying to save money, what with the glut on the market, so expect shoddy construction almost everywhere.

 

To all brokers here, I am on my 3rd year of paying for a high end condo (studio) in metro manila. In case gusto ko ibenta how do I go about this? (pre selling price ko pa nakuha)

 

Simple studio unit lang naman but is in a good location beside major roads, a golf course, hotel and casino.

 

PM me

There is a glut in the condo market now, too many people believed in the condo scam of purchasing units at preselling prices, now many of those condo's remain unfinished.

[teban]

mga master question lang po about pagibig fund loaning. What if we have a building which needs repairs, but it is not under my name thus named under my mom kaso retired na sya and wala syang pagibig. I am thinking of loaning using my account and pay the amount in 5 years or so. Is this possible?

 

Second question is, merong mga MRI di ba wherein the loaner needs to have the insurance amount for the loan just in case something happens to him or her. Whereas sa mga insurance policies meron mga accidental rider benefits na doble ang insurance di ba? Which is the one followed by the MRIrequirements, base insurance or accidental?

 

Thanks po!

[wizard23]

Most developers are trying to save money, what with the glut on the market, so expect shoddy construction almost everywhere.

 

There is a glut in the condo market now, too many people believed in the condo scam of purchasing units at preselling prices, now many of those condo's remain unfinished.

 

 

i believe you are making a sweeping statement.

 

for one, at least your statement doesn't hold true for ayala land. Ayala Land condo projects are literally sold out completely even in the preselling stage and i just attended a broker's project briefing yesterday and they are coming up with a new one, Park Terraces (located at Glorietta). acceptance among ayala land clients upon turnover of the units are 100% meaning, all clients are happy and satisfied because the units are turned over in good condition - finished and semi-furnished. (i'm referring to the Serendra condominium projects located near market market, global city) so you can expect the same in their newest condo project.

[-----'-(-@]

i believe you are making a sweeping statement.

 

for one, at least your statement doesn't hold true for ayala land. Ayala Land condo projects are literally sold out completely even in the preselling stage and i just attended a broker's project briefing yesterday and they are coming up with a new one, Park Terraces (located at Glorietta). acceptance among ayala land clients upon turnover of the units are 100% meaning, all clients are happy and satisfied because the units are turned over in good condition - finished and semi-furnished. (i'm referring to the Serendra condominium projects located near market market, global city) so you can expect the same in their newest condo project.

 

I believe the gentleman said "most" not all... but definitely Pacific Concord's first development (Lancaster Hotel formerly Lancaster Suites) is a money pit. Do yourself a favor and stay away from thier future projects, I know what I'm saying, I lost over a million.

[TheSmilingBandit]

mga master question lang po about pagibig fund loaning. What if we have a building which needs repairs, but it is not under my name thus named under my mom kaso retired na sya and wala syang pagibig. I am thinking of loaning using my account and pay the amount in 5 years or so. Is this possible?

 

Second question is, merong mga MRI di ba wherein the loaner needs to have the insurance amount for the loan just in case something happens to him or her. Whereas sa mga insurance policies meron mga accidental rider benefits na doble ang insurance di ba? Which is the one followed by the MRIrequirements, base insurance or accidental?

 

Thanks po!

Pag-IBIG will only loan monies to help you buy or build a home that will be under your name. The MRI requirements is based on your actual insurance policy without the riders.

 

i believe you are making a sweeping statement.

 

for one, at least your statement doesn't hold true for ayala land. Ayala Land condo projects are literally sold out completely even in the preselling stage and i just attended a broker's project briefing yesterday and they are coming up with a new one, Park Terraces (located at Glorietta). acceptance among ayala land clients upon turnover of the units are 100% meaning, all clients are happy and satisfied because the units are turned over in good condition - finished and semi-furnished. (i'm referring to the Serendra condominium projects located near market market, global city) so you can expect the same in their newest condo project.

It is a general statement, and like most general statements, there are exceptions to the rule. Also, remember that there are a lot of people that are buying "blocks" of units that they aren't going to occupy but for resale instead, speculating that the property values will rise. Some companies, such as Ayala and Rockwell have a very good aftermarket reputation, but most do not, it is common to find large cracks in the walls merely 2 or 3 years in. Furthermore, the majority of the condo builders try to scrimp as much as possible in their costs, after all building condominiums is a business for them where they try to maximize their profits.

 

I believe the gentleman said "most" not all... but definitely Pacific Concord's first development (Lancaster Hotel formerly Lancaster Suites) is a money pit. Do yourself a favor and stay away from thier future projects, I know what I'm saying, I lost over a million.

If you think Lancaster is bad, check out some other places, the worst for me is the Citystate constructions, tiny cell-like units at that prices is unbelievable.

[chinmord]

Patanong lang po....sa tingin ko e may straight and simple na sagot ito:

 

 

Overall cost, ano po ba ang pinaka-mura:

 

- In-house financing?

- Bank financing?

- Pag-ibig financing?

 

Thanks po sa advice.

 

Pare it depends... if your loan amount is less than 750K, you can avail of PAG-IBIG's 6-7% interest rate.

But if your loan is greater than 750K, Bank financing is better (8.75% compared to pag-ibig's 10%).

[Nubietech]

Hi man,

 

A LOT is not as marketable as a house and lot. I dont know where you got your analysis. but if an investor would see this "buying forclose properties" he would consider a house and lot, why because after having total control of the property providing Downpayment of 20-25% to the bank, the property can be flipped in just a week or two since there is minimal repairs that would not consume much of your effort and energy to manage all the risk (it not worth it! - considering that you need to sell the property on a given time only.

 

rather than get a lot only and make the necessary bidding procedures (contractors, suppliers), getting the permits, land survey engineer, applying for water, electricity, managing workers timetable, budgeting the unforseen expense which would affect your finances. Remember you would start to pay your amortization after the first two months is over. and you would still need time to market the property once it gets done for a faster return of investment

 

 

 

dude i can answer your question on the basics of investing in real estate

 

two things i can advise and yes they both involve foreclosed properties.

1. If you dont have that much capital, i would advice you to purchase a LOT ONLY property.

2. On the other hand, if you have a lot to put into venture, might as well get a House and Lot unit then renovate it.

 

Why LOT ONLY if i dont have much capital?

Lot does not depreciate, the house does. If you cant dispose the house and lot with minimal capital, chances are you will end up losing some money. Another reason is, you will need extra money to renovate the house and lot so you will be able to make it more marketable. LOT ONLY doesnt need any renovation because its form or physical appearance doesnt affect the total contract price.

 

Let me give a disclaimer. Im not an expert with regards to this subject matter but im pretty confident that i know the basic mechanics of the business. My mom is in real estate since 1986. Now she is a Real Estate broker. I can rate myself as a mediocre property consultant. Not the best but certainly understands what he is talking about. If anyone disagrees with what I just said, feel free to comment on this matter. Who knows I might pick another valuable thing in this trade. THIS IS JUST ME TALKING OK! :thumbsupsmiley:

[kimkulit]

I have a question regarding condos. Let's say a condo is 15 yrs old, when it reaches its end of life, what issues will a property owner face?

0

 

this is also my concern kaya parang mas gusto ko mag invest sa house and lot.

here's my situation, i'm currently working abroad, but plan to retire sa pinas after 30 yrs pa naman.

naghahanap po ako ngayon ng property house & lot or condo na pwede ko pag invest. meron po ba kayong suggestion?

tapos anu po requirements for filipinos abroad. i forgot kung may pag ibig ako, and wala na rin ako bank account sa pinas.

 

plan ko rin maging overseas agent. dami tanong sana ma enlighten nyo ako. salamat po.

 

and sorry no pm's po, post nyo na lang po lahat dito para magbenefit tayong lahat.

 

maraming salamat.

 

ok bang developer ang Century Properties? as far as I know AYALA LAND/ AVIDA, DMCI, Robinson ang mga ok na builder. i don't know kung ok rin ang SM, just wanna make sure na ang pera ko nasa good hands.

Edited May 15, 2010 by TheSmilingBandit

[TheSmilingBandit]

this is also my concern kaya parang mas gusto ko mag invest sa house and lot.

here's my situation, i'm currently working abroad, but plan to retire sa pinas after 30 yrs pa naman.

naghahanap po ako ngayon ng property house & lot or condo na pwede ko pag invest. meron po ba kayong suggestion?

tapos anu po requirements for filipinos abroad. i forgot kung may pag ibig ako, and wala na rin ako bank account sa pinas.

 

plan ko rin maging overseas agent. dami tanong sana ma enlighten nyo ako. salamat po.

 

and sorry no pm's po, post nyo na lang po lahat dito para magbenefit tayong lahat.

 

maraming salamat.

 

ok bang developer ang Century Properties? as far as I know AYALA LAND/ AVIDA, DMCI, Robinson ang mga ok na builder. i don't know kung ok rin ang SM, just wanna make sure na ang pera ko nasa good hands.

In the long run, owning land is better than a condo, after all, the value of land cannot depreciate, unlike condominiums.

 

Ayala, Rockwell, SMDC, and DCMI are among the better developers in the market now.

[corny20022000]

getting into property investment is long range... return of investment is also long.