The impact of the pandemic has been causing a lot of fear, uncertainty and anxiety across the globe. Aside from the food system, disrupted work and family routines, a lot of us are affected especially from the economic consequences of the COVID-19 Outbreak. In this trying times, having an investment is a real deal because it is always gratifying to have spare cash on the side. Having cash flow outside of your salary can prop up your net worth, and also provide you with some peace of mind and mental clarity. Investors would say ‘time is more valuable than money,’ which is why passive income holds so much importance. If you love the idea of not working and making money, then this is for you. Passive income comprises of earning derived from rental property, limited partnership or venture in which a person or the investor is not actively involved. In passive income, you can earn extra income while focusing on your other career or you can just lay in your bed doing nothing because waiting is your best effort. There are a lot of ways to earn your passive income, however you need to know first if what type of investment is best for you, it can be stocks or real estate investment. In real estate investment, you need to look for developers who offers affordable house and lot which you can just give a small amount of money but can grow much bigger from time to time.
In Bria Homes, we offer affordable house and lots which investors can grow their money in time. Now, the real question is how can you earn from these properties? Here are 5 tips to earn passive income through house and lot in Bria homes. 1. Pre-Selling and Reselling Pre-selling is a process in which a developer will sell a certain property to an investor before the construction and development of the entire subdivision starts. However, since the property is still under development, the price of the house and lot is lower than the actual price of fully-constructed unit. Although you might have to wait until completion, pre-selling properties typically give a higher return on investment once finished and ready for use. Pre-selling properties are promising investments in the real estate industry especially if they are situated in good locations. Bria Homes’ projects nationwide are situated in a strategic location which can get more attention to the market because it is close to commercial establishments, grocery stores, schools, hospitals and terminals which are the basic needs of a resident. While, reselling signifies that a property is being sold by the former owner to the market. With a few touch-ups and renovation, the investor can sell the property at higher price since he is selling a more improved property. 2. Long-Term Rentals A long-term rental is much as possible five years or more renting the same property. Many tenants would prefer to live in their rental for much longer than putting their selves in house-hopping situation, so a longer term lease can offer stability for both renters and landlords. Long-term rentals is one of the best ways to earn your passive income for the reason that the owner or the landlord will not worry for the utilities, renovation and maintenance of the property because the tenants will shoulder them all. However, renters usually prefer property that is located near to their employment, commercial establishments and markets. Aside from Bria projects are located at strategic location, we also offers our Sentro and commercial spaces. Sentro is where all of Bria amenities will be catered including active ground, parks and playground, covered court and community center that has four sub-center which are health care center, barangay center, senior citizen center and day care center. If you are an OFW or you often go home because of works, you can open your house and lot for long-term rental and by that you can earn passive income by just lending your own house while focusing on your primary job. 3. Shory-Term Rentals On the other hand, short-term rental is a furnished living space available for short periods of time, from a few days to weeks on end. Short-term rentals are also commonly known as vacation rentals and are considered an alternative to a hotel. One best example for short-term rental house is Airbnb which is commonly known for tourists. However, unlike from long-term rentals, short term need more responsibility such as maintenance, scheduling and keeping up on slow seasons. Property owner can earn more if we will be computing by per night and per day basis. Bria Homes’ house and lot is perfect for short-term rentals since that its projects are located close to tourist spots, landmarks and resorts. 4. Real Estate Investment Trusts (REIT) A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate. The company may likewise take time to grow because it has less money in acquiring new assets. REITs are a good way to earn on a long-term basis as it provides recurring income. REIT is good for long-term investing and most of the income goes back to investors. REIT allows anyone to own shares of real estate properties such as house and lot, rent to own homes, housing developments, and other big properties without actually having to go out and buy, manage or finance a property. 5. Flipping Flipping or also known as wholesale real estate investing is a type of real estate investment strategy in which an investor purchases a property not to use, but with the intention of selling it for a profit. There are two ways of flipping your house: First is you can buy a property in the market, then hold onto the property over a short period of time and you can already resold it at a higher price. Second is you can buy a property below market value that requires minor renovations then you can resell the improved property at higher price. Before immersing yourself in house flipping, make sure that you consult a real estate agent who is very knowledgeable about the potential of the houses that you seek to flip for profit. Also, deciding on how to do long term rentals on your property, this 1% rule in real estate investing might be able to help you. Bria Homes is the best choice for house flipping since that we offer complete finish houses that homeowners will not acquire a lot of expenses for renovations and improvements. We also offer affordable yet stylish modern houses that best suit the choice of Filipino. All Bria projects are within close proximity of schools, commercial establishments, resorts, markets and grocery stores.
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AuthorA real estate marketer in Philippines. Archives
October 2021
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