Most Filipinos think that OFWs earn big money and live in luxury, but they don't know the sacrifices they make for their family. Sometimes they do not earn enough for themselves and their family. They will prioritize their family's needs instead of their own to give them a good life.
OFWs are now considered modern-day heroes because of their hardships and their contributions to our country's economy. They have many tribulations to go through and challenges to face. Everything our dear OFWs do is not easy — every adventure always comes with hardships and trials. But for the sake of their families, they continue to work hard. For OFWs, not only money is important to them, but also time. If only they can do more than one work at a time to earn enough or more. But there is a way to earn extra income without spending a lot of time. It is called passive income. Passive income is money you earn without too much extensive effort. You can earn extra income while doing your primary job or you’re just in your room doing nothing. It is like making money while you sleep. In other words, passive income is one of the best ways to improve your financial situation. There are many ways to make passive income, and one of them is to invest in house and lot in the Philippines. OFWs can buy house and lot and earn passive income. While earning abroad, they're also earning in the Philippines. House and lot investing is not just an asset, but an investment too because it’s a safe place to put your money, and home values generally increase over time. WAYS TO MAKE PASSIVE INCOME WITH YOUR HOUSE AND LOT:
On the other hand, reselling means the investor sells a property that he previously owned at a price that is larger than its original cost. With a few touch-ups, he can enlist his property at a higher price, since he is reselling a product that is an improved version of its former self.
Buying a rental property depends on the location. It is a good idea to research a good area for your rental property because good tenants are usually looking for a house near to their employment, as well as high schools, universities, shopping malls, grocery stores, restaurants, and community parks.
One example of short-term rental or vacation rental is Airbnb. Many people are looking for a house or unit that can be rented for a day or a week. Tourist destinations and popular business trips locations have a higher occupancy rate for Airbnb rentals. Short-term rentals have gained momentum in recent years as their flexibility allows travelers to rent anywhere from a few days to a few months. Short-term rentals, also called vacation rentals, are typically furnished apartments, condos, or houses where renters can feel more at home. Short-term rentals can be more appealing than hotels because of the prices, furnishings, and amount of space they can often provide.
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. REIT is good for long-term investing. Most of the income goes back to investors. The company may likewise take time to grow because it has less money in acquiring new assets. Also, it can be an option for those who are looking to diversify their portfolio as it provides a way of exposure to the real estate industry. Indeed, it can give recurring income on a long-term basis. OFWs can enter the real estate market with minimum capital. The promise or hope of a lucrative return of investment is still there despite the low barrier to entry, as some REITs offer regular dividend income aside from income by way of normal stock gains.
The secret to earning more profit in house flipping is buying a unit that is below market value. If you cannot do this, chances are you would not even make a noticeable income. 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. Bria Home is truly the best choice to invest house and lot. It offers affordable yet high-quality houses for ordinary Filipinos- from OFWs to local workers. Bria takes pride in its affordable, high-quality houses and fast construction. All Bria communities are near major roads and highways. They are also within proximity of places- schools, churches, shopping malls, and hospitals. It is time to invest in a home for you and your family.
0 Comments
Leave a Reply. |
AuthorA real estate marketer in Philippines. Archives
October 2021
Categories |