AFTER BUYING YOUR CONDO WHAT'S THE NEXT STEP?

if you've bought your condo what's the next step how do you make it profitable as you get a nuts check this video out hi I want to invite you a icon it's this coming Saturday or nest and conference it's May 25 some so Coliseum or I they'll be like and speakers in one day so many information is going to be shared there and you can meet in person what can they expect from you for me I'll be talking about something new I'll be talking about leveraging every something new yet so see you next Saturday early wave of leverage it okay let's talk about this you bought a condo at neither say in stock our directly what what's the next step is a people have this idea now automatic people will buy from you okay okay Marvin I get a lot of viewers know I get a lot of welcome set up diary without safeguard I bought my property nah but what's next okay I think we want to try to frame everything when you buy a property first you have to ask why did you buy your property you buy and we have to always address had properties long-term late like I said I've been hearing of people who were made you're getting who using property with a short-term strike so when you see short term how many years is shorter I've seen people really short one two one two three years are getting impatient already years all right so three uses considered anything above the afaik enough for property for me I think yes you have to to get fresh the acquisition that position can go for two three four or five years in the pocket in debug game you and now when you acquire the property you have to hold it there for maybe three four five years or longer okay boys remember so does that mean three plus five so it was eight years to consider it locker I guess a proper ticket for Metallica is really a long-term product if you remember in about in the gold in the end old when you buy a pair I'm just I'm really a property's really long-term it's something that you buy in you keep it in the shame on a short-term flip no let's it's something for cash flow so if you have property right now always remembers think about what Mabini little property number one maybe you bought it because you wanted to allocate your excess income okay you're making this much you have excess I'm a reallocating into property number two cash flow the cash was my favorite and I believe that a good lifelong strategy is to buy and buy rental properties so you will have a a big retirement ash flow at your golden years they buy so the earlier you reach your but I want to call that point Yuma curl the retirement level status I'm not yet retired by the way I wanna I don't wanna pick this chance alright hit some fake new score somebody say that I multi-millionaire what I will tie no way no no I was just I used to be a delivery boy when I was 34 delivery boy took of architecture eventually I was so blessed to find work with Ayala Land in an eye on a line I was able to meet a lot of wealthy people in there now learn to in my world known unclaimed are wealthy people techniques and that's what I'm sharing so me I'm still on my journey and so I'm still on my journey I'm still a man at work okay pretty much - right unlike Marvin its money at work what what car do you drive by installments after turnover you decide that this is really for that pal yes okay so rental and then of course capital appreciate ever time and another is legacy okay so legacy is if a family's generation no no no so so I want to remind Lonnie my viewers that property is a long-term and the first priority is really to find for your retirement no forgot if I ever I have a friend right now who's made you 60 plus turning seven be the initial and the young I think so he just sold one piece of property and he was able to gain back upwards hundred mil Levi's on one property Lantana nummy house in Abilene long long time ago 4 million 1 million 1 million so alright so you can be empowered in property you keep it for long term and the purpose is to fund your retirement not your golden there are there opportunities like that in Metro Manila still now 1 million to 100 million okay- your stamina Yuma 100 million properties now that used to be 1 million was when it was just starting out about upcoming so in my new property my son-in-law urban area yo you buy prop you buy in places if you watch Maura you buy in places na undervalue the development is happening and then you sit on it you let the roads come you let the bridges come here that cameras come you let the malls comes @sm calm and then after that the price goes up over time and ever food question from that you said now you you wait for development to happen yes what's a better area to buy something now what happened and then development to happen somewhere needs nap around beach type shower or something am I getting City later on very good question versus speech ok very sort pattern both aren't good ah personally we've invested in both areas see but I see no no easy you know I know you only have one life here to take your bets divided by calculated bits but it's two different strategies if you invest in each area that's have to raise some a myth okay you have to make sure there's access road to that tourism area there has to be better do you buy it now well up on the road because it will be cheaper before the road comes in or you wait for the roads to be built let me plan a Larson isn't my plan of the ethics I prefer they build it so Marvin I guess to be really transparent if you not control these kinds of situation innocent you have the liquidity you have the money better your property that is given to you will happen roads okay so now you analyze okay am I willing to take the risk now alejandro yawn meronym in my situation we're in London a road that almost mahalo impress conte profits are you okay to take the bed it's good so it's really I need to do my thing so you cannot perfect the situation in property an ingénue experience for example say Pampanga which is having more roots now versus some areas in maybe VCS or below and of each areas now what happened what happened good question what we pump anger did you think I'm banger for example the price per square dish a few thousand very besides Mindanao Palau is a few hundred so you make that kind of decision when you say it's a few hundred maybe you're talking of 5 million 10 million I don't know man you're talking of 13 million 40 million so can you avoid 30 to 40 million if you cannot then yet your next bet is this one but you can import images you cannot get a smaller left that's almost the same price as what you're looking at I sell or they sell it really large flocks telega I think yeah you cannot perfect your situation let me send me mirror that I can for example a same amount 10 million i'm panga or some faraway place I think if same amount then I would go for Banga I say it's more it's what you can visually see you know but different size so kunwari the Palau and a much bigger hectare sparrow you untangle more for the same amount is smaller which do you choose so I guess at the end of the day senior personal preference no that's why when people cut the card maganda but on prophecy I cannot give them the answer but I can give them the criteria what are the right here yes could not forgetting but for I guess choosing a proper a proper guy framework number one I guess your affordability that place of the budget your budget number two the size just to emphasize a 300 square metre that dope was in price visibility at one type 2 Hector that doubles or triples made you much millennium with a new hip tires sorry Arab major mass mass mullerian time frame so get on so 10 million lot in the valley vs. 10 million that in Pampanga okay same lots la se la redevelopment so that would be a location choice do I want to be in the fungicide okay or do I want to be in the new body okay now you make a decision what are the drivers of the Pampanga what are the drivers of the new back side no visually so can the innovating of a noble narrow na na and then you analyze how about the traffic flow how's the traffic flow in your valley how's it going from there so I guess to give you this a very straight answer him I was in the situation where I have to choose it's gonna be difficult okay si are they home often Amanda bye I'm panda you're gonna bet on the growth of the of Clarke Airport as the anchor of Clarke but if it's you'll buy four things here howdy new value no man is driven by the criterion it's kind of been 10 years it's developed by IL at the Xavier school there there's Miriam there's best of all there's an IRS or inna said the hotel is expanding the infrastructure is there it goes to a nice place that called a guy I can you criterion on you Valley it's up coming it's coming it's not it there but the stories there is anchored by flour add a nice wage developing track it's gonna and I think Clark would be really the next growth area oh especially with the airport there oh my locking in Malacca anchor well it does it a no that's it this the developer play a big role definitely a developer plays a big role I say they are the drivers of that area actually if you look at how a city works it's really the local government agree later the city government who's the driver unfortunately in our country we kind of just rely on the private class has to be the driver of this growth know so driver is meaning okay I'm gonna put in a school I'm gonna make so much effort to let's invite a school man so I just want to give some trivia for example Bonifacio Global City I think we're here out I appreciate Marvin's mansion where I buried Marvin's house and very nice nice house in Pony fash'ems house so neck money fashion what makes but why is bona fides are so expensive because there are a lot of major and course in Bonifacio it was driven by a private company actually driven by many private companies ha ha DeLand is here make a world is driving it now federal and is driving a certain side of BGC and these are major unforced or so number one what makes BGC unique international school Manila so school British cold Manila Japanese school mgc Everest these are five major educational and course better is it is it safe to say that you you base it on the schools that they're putting around it to known that it's automatic it must feel they oughta seen you seen in target market of course if International School they're targeting major foreigners expats a high income community discarded of course yeah you're right no school place a big portion of your strategy all right so BGC they have the schools and on the other side we have same looks and you have the hospital and then all around BTC of the offices and then outside BGC you have the upscale villages form sparked asthma McCain Irwin was it because the infrastructure was laid out properly first before all of those were well your ear right Marvin IT infrastructure plays a big role Pumbaa Gaza that's the raw foundation of the of the city alright so busy she really is a very unique animal or in the infrastructure was was laid out in the proximity to the existing this is district Mojave is there okay and you have the eye Adso you have c5 bringing in the traffic to be GC on top of that there was the growth of the BPO which needed a place to put up their office that's why BG she was really really a different animal so how I wish we can look back 15 years and see all of this and make our back alright so put this video talk know see how would you summarize all the things that you've talked about in need in this segment what did we talk about by the segment I think we talked about our criterias of property so when you analyze a property like a lad or or a condo that's what you look at you human population demographics what are the anchors panel goggle oh you might have in this neighborhood do they have worth do they have in a structure near public transport so all of this but nothing thermo in your checklist we learn a potential and then you make your fifth alright so right more of that power of this video suite card I know I know a lot of you guys requested for him to say you know you know what this video everything out minions already super valuable so link below for icon and I put a link post on how you can connect with it by a feat problem big fish I'll show you my con yeah so hope this video helps you guys so see y'all again sushi [Music]

Channel: Marvin Germo

Views: 22,325

Rating: 4.8099351 out of 5

Keywords: AFTER BUYING YOUR CONDO WHAT'S THE NEXT STEP?, condo rentals, carl dy, property rentals, making money from condos, condominum, property investing, rich people, how to make money in the philippines, saving money, real estate philippines, rental income, how to make money, stock smarts, stock investing made easy, shangrila hotel manila, rich people in the philippines, how to be rich, how to make money in property, investing in real estate, condo investing

Id: IJPE87Gy73s

Length: 15min 1sec (901 seconds)

Published: Thu May 23 2019