Investing is not just a one-time transaction. If you plan on doing it, you need to have preparations especially if it involves a significant amount of money. Imagine your time, money, and effort getting wasted because you don’t have plans on how to properly do investing. And since there are a lot of portfolios where you can invest, I will share with you how to start investing in real estate in this post. I hope this helps you in finding the right ways on how to begin with your investing journey.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Manila – September 14, 15, 21, 22,&28, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Cebu – October 26-27,2019
Stock Smarts Taiwan – November 2, 2019
ICON Davao – November 30, 2019
Is it a condo unit? Apartment units? A land? Offices leases? Whatever it is that you want to buy, you must be certain about it. You should determine first what type of property you want to invest in. This is the first step in real estate investing. Knowing the type of property will help you find the right acquisition price and good location of the real estate.
Once you have determined what property type you want for your investment, it’s time to canvass for the property price. The price will depend on how big the place is and where it is located. Most condo units are valued higher if it is within a business district such as Makati, BGC, and Ortigas. Most lands have lower prices in provinces than here in Metro Manila. Again, it would depend on your preference. While canvassing for property price, make sure to record all the information you gathered for comparison purposes later on.
Now, how much can you spend on a property? You have all the price information you need to start comparing them. Set the amount of money you are willing to allocate to invest in real estate. In setting your budget, see to it that you don’t spend all your cash on it. Just get a portion of your savings or if you are already saving up for real estate, then it’s a nice strategy to start with. Even if you only want to invest in properties today, consider saving up for other portfolios in the future.
Choose your preferred location. Do you want it to be within a business district or you want a land outside the metro? When choosing a location, align your options to the type of property you want to buy and the budget you are willing to spend for it. Follow your plans as you might encounter challenges because of last-minute changes. Go for the best location that’s fit to your real estate understanding.