Why Do We Need To Invest In Realty

Barely eight years ago, I invested in low-cost housing in our area. Back then, the equity is very low since it was on its pre-selling stage. So, what I did, I loaned the equity payment in the bank instead of having it in monthly amortization. But then pandemic came, there was a delay in the turnover. The promised three years goes on four then five and until now the said unit was not yet turned over to us. We were able to sign the supposedly contract between us and the Philippine government agency (PAGIBIG) that offers housing loan but until now, the turnover of the unit was keep on delaying due to some technical concerns.

A friend advised us to have our unit assumed by somebody else. But I was hesitant because I know that the equity by now would be doubled compared to what I have paid. If I have to calculate the take out amount of the unit, it would go as high as almost one million compared to that original price of Four Hundred Seventy Thousand Pesos. Indeed, investing in realty could be a good decision since the value of the house won't depreciate. Though the house wasn't turned over yet but I am patient enough to wait for it until the company could settle the things between them and the government agency  that offers housing loan. I was actually planning of leasing the place since the unit is too small for my growing family so I rather have it leased to couple or individual that would love minimal kind of lifestyle.

In other countries, investing in realty or being a realtor is among the best lucrative business that one could engage on. Personally, I know I still have much to learn about this business, but one thing is for sure, all of my friends who were into this kind of business are indeed prospering and gaining much financial freedom at their own convenient time. Processing papers for prospect clients won't be that easy but it's all worth it. It is also of great advantage that a realtor should be knowledgeable enough to know the basic Math in this kind of business like how to estimate mortgage loan (you can click the link to gain knowledge about it), how does loan repayment works and a whole lot more.

So, why do we need to invest in realty? Because in there, there's a real money!