Your Expert Opinion's Please.

[sammedriano]

---

Hehe will check this out sometime kanang wala ko sa office kay dili ko ka view og video's ari gud hehe

increasing cashflow:
Video: How to Increase Cash Flow | eHow

[killersmile2345]

I admire your determination TS in such a young age, you are already thinking seriously sa imo future. Mas mau mintras bata paka kuha una ka lot dayon pag save hinay2x sa imo balay gusto ipabuhat. Medyo mka utang gyud ka TS once masugdan na nimo construction imo house kay mag lain2x presyo sa materyales mura ug forex hahaha dayn kailangan ka ug time mo lakaw2x para approval sa papers for permits ana medyo hassle and time consuming gyud plus mag bantay paka sa agi sa imo panday ug helper. Mas mau human daan in a good subdivision imo kuhaon TS para wala nka labad ulo however wala pod ka kahibaw sa quality sa pagbuhat kay commercialized naman gud pero wala na gyud labad sa ulo but comes with a higher price gyud compared kung ikaw mismo magpatukod. Ug bahin sa papeles TS, una nimo tanawn ug clean titled bana plus tanawn pana nimo ug walay backlog sa payment sa buwis ana. Daghan hassle TS in owning a property daghan pod ilad, mas mau get as much information gyud legally sa mga taw na kahibaw. Good luck sa imo dream TS, kahibaw ko makab-ot rana nimo. Kugi lang gyud.

[sammedriano]

I admire your determination TS in such a young age, you are already thinking seriously sa imo future. Mas mau mintras bata paka kuha una ka lot dayon pag save hinay2x sa imo balay gusto ipabuhat. Medyo mka utang gyud ka TS once masugdan na nimo construction imo house kay mag lain2x presyo sa materyales mura ug forex hahaha dayn kailangan ka ug time mo lakaw2x para approval sa papers for permits ana medyo hassle and time consuming gyud plus mag bantay paka sa agi sa imo panday ug helper. Mas mau human daan in a good subdivision imo kuhaon TS para wala nka labad ulo however wala pod ka kahibaw sa quality sa pagbuhat kay commercialized naman gud pero wala na gyud labad sa ulo but comes with a higher price gyud compared kung ikaw mismo magpatukod. Ug bahin sa papeles TS, una nimo tanawn ug clean titled bana plus tanawn pana nimo ug walay backlog sa payment sa buwis ana. Daghan hassle TS in owning a property daghan pod ilad, mas mau get as much information gyud legally sa mga taw na kahibaw. Good luck sa imo dream TS, kahibaw ko makab-ot rana nimo. Kugi lang gyud.

Thanks killersmile. Mao jud na ako kahadlukan nga maka-buy ko sa mga fraud. Nahan ta ko ako house kay akua jud. Pero mao sad lagi medjo hassle jud.

Hope makaya nako

[mckoy_slipstream]

like what @cebu.opportunities posted, there will be a lot of consideration with this.

if naa na ka house, what's next? if you would spend sa house, will you have enough left to sustain your expenses? are you sure that in 5 years time wala na ka sa bpo? or if naa pa jud ang bpo? sure ka rin ba na you'll be able to work in line with your course after ka mahuman ug college?

im just being straight to the point. dreaming of owning a house is okey, but actually implementing it is another story, and in my opinion, it's not the ultimate achievement.

how will you pay for the property? by cash ba? financing? if financing, do you have enough buffer to keep you afloat for 2 years (emergency fund) in the event na mawalan ka work, or any other unforeseen events?

i know some people who was in a rush to get a house, and just ended with nothing. they paid monthly, only to sell it a lower cost.

why not keep on working, keep on saving, and finished up college first? you can't go broke by staying liquid for now.

[sammedriano]

@mckoy_slipstream; you are right. Those are indeed the most important things that I'd have to put into consideration.

I'm actually giving this deal some very serious talk. Working in BPO and hoping that BPO's will last that long is a pretty much weighing half of this choice I'm about to make. So let me get this to the point.

I'm planning to pay it off through Pag-ibig. Can't surely afford to pay it off cash. As for save up, no I don't think my back-up money can keep me afloat in two years time, but I believe I can find some work around in case I lose my job.

Thing here is that I am not just dreaming of something only to give it up to lowballer's. I'm gonna find ways -and I'm sure, there are so many ways I can pull this off. Owning a property is not just a dream to me. It is an ultimate goal that I want to take whatever it takes. (I know you understand my point )

But don't get me wrong. Your idea is 105% right. I may not start putting this plan in reality in the next year or two, as I feel the gravity of your advice surely out-weight my extreme willingness to put this plan on. So maybe the question that we can come up would be this:

Say I finish school, had worked in-line with my course and earning a decent salary/month, would it be more cost effecient to start off buying a lot only? Or some house and lot?

Thanks

[nowayL]

Step by step lang Bro pero kung kita ka ug chiks nga dato na daan, pwede ra nimo i-live in para naa na dayon kay house ....... hehe ... jok

Nindot gyud imong future Bro kay bata pa kaayo ka ingon ana na imong huhahuna. Ako sa una anang edara, basketball ra gyud gihunahuna ..... lol

[sammedriano]

@nowayL; haha. . .mao lage bro. Naa kay kailang chicks diha? jok

OnT: Yes bro. This is my 2nd step na unta pero murag hanap pa kaayo sugdan. I guess mangita pa jud ko lain ways para masugdan nani. Basig naa pa lain step 2 nga akong agian usa before sa pagbuy sa property.

[makie29]

I think the problem here is bridging your dream with the specifics or details on how to achieve it. Here's what I suggest:

1.) Get to the root. The immediate issue is not getting the house and lot but how to get it. I highly suggest increasing your cash flow first. Find opportunities that can give you good and ideally sustainable cash flow since after putting up that H&L you will still definitely need money. Another option is to resort to debt (loans) but I don't suggest it since I'm not really I fan of loans especially if its not a debt that will result to giving me more money than I pay out. Resorting to debt may also make you end up paying more than how much you're really required to pay.

2.) Consider the expenses along with it. After establishing a house, there's insurance, there's taxes, and other financial obligations with it. Having a H&L is a good dream but it could turn into a nightmare if you overlook some very important financial obligations attached to it.

3.) Consider other financial obligations in the very near future. Aside from that dream of having H&L, what are other dreams or goals that you have that may require a good amount of money? Pouring in everything to the H&L may make you neglect others which may not be good.

4.) Take things one step at a time. You say you're still in school? How many years do you still have before graduating? And correct me if I'm wrong, you're self-supporting right? You have other financial obligations on your shoulders. I think that the best idea for now is to put your H&L dream at hold as of the moment and focus on finishing your studies. By on hold, I don't mean not working on it as of the moment but rather focusing on the urgent and more important things for the moment. Renting is not really that bad when you think that your finances is not yet enough to give you the kind of house that you really want.

I highly suggest you increase your cash flow and net worth first for now and get that H&L once you already have a solid foundation and very good amount of savings and investments. But maybe for now, maybe your top priority should be finishing school, getting good and sustainable sources of income, and then working on that dream of yours. In that order. Work on one thing at a time. It will keep your focus and it will not bombard you with a lot of things.

[cebu.opportunities]

^ Very well said sir @makie.
That's what I want to stress out sa 2nd post but instead, just posted links.

Having real estate properties may be a very good investment or may be the other way around if acquired prematurely.
It may help increase your cash flow or may drain your funds and be an additional financial liability. When you don't have enough back-up funds, you might sacrifice some things (your studies perhaps) just to keep your dream/goal moving.

[sammedriano]

@makie29; very well said. I truly appreciate the input. That'll be all for now maybe. I say I'd do some more savings and get this dream on once cashflow would be more than sufficient. Thank you everyone for giving your insights. It's pretty much appreciated.