THE SWEET SPOT IN REAL ESTATE INVESTING

hi guys good morning we're here to talk about the financial fitness party tomorrow organized by the RFP and I'm with one of the speakers part of the best-selling month or millionaire at 23 years old richard Carvajal so hyoe good Marty so what can we expect tomorrow for FFF well tomorrow financial Fitness volume it's the sixth year that we're doing this one no it's the gathering of the best of the best speakers like you like Randall's I'll be pleased I am with different expertise solid they can really learn a lot from it okay hi oh hi luma speaker if I even forward available investment knowledge so it's really it's really gonna be worth your time okay it's nice to move on I like ffs because it talks a lot about personal finance in general palynology from stocks mutual funds insurance yes are they big budgeting mindset and real estate also how were you know I'm 27 97 how many years are you now in the real estate industry I've been in real estate for eight years already a hero almost a decade oh you're experienced no property prices are higher if you are first-time investor now is it still okay to come in yes definitely okay but it will always depend on which property you buy or what's the purpose for buying the property if it's for grant and then rental market is really really good in the Philippines a lot of expats are still coming in a lot Tio's are still coming in insole metal telugu market especially Millennials are more of our people foreign okay Oh other than Mumbai so but what's a better market Millennials or expanse of units that you should get this bigger smaller are definitely bigger they don't like small units for that's most likely the GC area or usually a central business district they like walking near their offices near their workplaces so usually if you're targeting experts program it's supposed to be within young center like BGC like Mojave and the heat traffic and everything is just a stone throw away from them but so you suggest for people to go to rentals not just really buy it wait for it to appreciate them send it's a bit Senate after yeah that's the thing with real estate a people thinks that the only way you earn from real estate is through capital appreciation that's only one thing is to be able to maximize your income in real estate it has to be a combination of boat rental and capital appreciation nothing with focusing only with capital appreciation is success can kill us so if you're selling 10 million Brazil property how big is it done oh you could be a doctor actually expenses would be around 11% okay 6% for capital gains and okay so you have when you are there's so many operate knowledge that's right usually right now what we tell them plasma if they're just starting to invest we really suggest South Area or North Area so it's been win back to Manila yes South Laguna in my area nation because prices are still cheap partnered it splurt only show that part Claire yes it becomes closer to metro manila before here in VGC parem it was so called before it but it was like a province before if you live in artiguez or if you live in passing now padam it's near London no it's not for the traffic if they put money in the yard or you buddy how many years is a good hoodie here they think they can make good money for I think in five years they can double the price especially in Clark other with all the developments in Clark right now including the field field build project space that limited our car even in Bullhead properties in Belarus a good investment of the infrastructure and because of that it depends on the purpose I know if it's a condominium and you can have it rented out it's fine to take a loan because it's self liquidating the property the way how you compute is is make sure that the rental price would definitely be higher than the price you're paying in the bank is it is it possible now given that every purchase price before the cantos are higher that still you can still get [Music] possible right now especially if you got it as a pretense the inner property strength or ascending so you always suggest reselling an RF oh yes we are it really depends an end user of course I suggest to get that heart of a property but if I really user usually are others are a few buyers are end-users day because you can use already the property and then while using parent you just depend on the capital appreciation for the income of the property whether if you're buying a plea selling property and you want to have this for us definitely you will get a good years a good deals will always have to be seven percent that's removing all taxes already less so you know that it's a good investment yeah yeah yeah well you don't have to hold the property for it too long 15 years long because they are the economy has changed so much especially if you're alone is not enough fix turn basis there's a tendency it could go up really really high okay but this is for people who are renting it yes you already know for people who are living it step same than ten years forest and he said yes also is recommended I it depends on the property the price of the property because sometimes sometimes you know Paran it's too high already because I must assume property equally more then it does not recover especially for young income more you increased non-income ball indeed among Caracas very young englishmen only mate I'm no miracle homicide number so what what do you recommend for people who are some people are professional self-employed doctors they drill a lot but several self-employed it's not guarantee that every month they will guarantee my property knowing that they're running a lot now but they don't have an assurance next year two years from now updates on that they're getting yeah actually there was my biggest challenge I guess it self-employed I before I invested in properties so what you do is you get the you get your average income so you total it for it you divide it to 12 months apparently in the manifest no monthly income or okay and then I suggest now every time you have something big or you receive a lump sum of money you pay as much as you put when investing i I really don't suggest a long time and terms for people who are freelancing so usually it's better to opponent mumu name money before you pay the property at least fifty percent that's what I do is what I do I I don't buy property in a long about 60 months to pay you know I usually I paid the down payment which is usually 10 to 20 percent and then the rest in Vietnam in America so that but the review saying the remaining 80% in human among people yeah no no actually 30% minimize the garnered fifty percent goes to the back then the 54 okay my good friend also carly fiorina safety he said that he and Karthi if you think 50% you use you famous by resetting do you fade the love some salad or you few amortize it in the few years for several articles in few years or 30 verse appears this is better to pay it now that you get a bit of this one or you must avoid you mean that the thing with realistic to say is you can every nothing that you cannot really do with the stock market I know so that's one of the benefits or advantages of [Music] one of the advantages of investing in real estate so I mean sometimes we suggest now it's better to take longer payments because I deserve 0% interest usually it's the same you pay the lump sum where it's not nothing stable no Manu Java and you have a fixed monthly salary then it's better to maximize the log okay while I can say well you're maximizing the lump sum your extra money you can still use it to invest in the stock market or in short term you 25 - oh there's opportunity don't increase it back okay using other investment because let's talk about the doubts I just want to be in the same those who are below what's the biggest potential downside if they can't get the zest in reality well usually you cannot I know after some time in a very open it means indicia of a buyer and of course it hasn't been especially like for example two years in affinity and then under third year for our usual situation in another a new young visa while working across so Leonida Manama Bahrain your real estate and then my own it opens to other well Adam aku ha okay so that's the usual so you investment more necessarily investment turns into it becomes a bad investment so what are the ways to do it if a nominal price where you can resell it at the same price lower than the current market price just to liquidate your investment rather than mobile app in investment so you so you suggest now you've said it already now if your income is not so irregular not so secure better put more cash first before you actually see a commitment before you before you commit but for people who are employees regular income that's the first measure advisable to just amortize it well you can every open that one that's very important in an hour leverage is very important in earning through real estate Marama coming clients are they federal estate well my you cinnamon syrup Erin feeling like de l'homme kita don't sell real estate in Dunellen Aram demand their own because why they feel by the de índice yeah because they don't really know the techniques on how to are really learn from it like for example yeah they don't use leverage as a tool so the way they computed the way they computed its battle emblem nila if a parent Milla at this price pair Illumina buyer and enemy loan and interest is a lot higher than me okay so in Dunellen of appearance telaga so it's a matter of when you compute to make another film Monty amortization water but that's how much you should you know that is alone Musa back so that's between 50 to 70 percent that's right so felony compute pyramid self liquidating property mo so if you have to pay 30 percent it depends on the price of the property no like for example usually a 2.5 million property or let's say for example a 3 million property if you paid the 20% equity husband and only and it's going to be around between 18 to 22 thousand per month okay I mean of a fire and make sure in I own payment mode is around Ireland is around 25,000 something like that I think if not then mathematician back learn when you do Murphy fielding benefit non they're very hopeful it's a property so it's all about leveraging and properly using the yes and then you remaining money Mikasa we have clients now they have the money in their background I own it and then you can buy multiple properties case a instead of cashing out our earth paying the property at three million in cash by the minimun a monthly or a bank loan to buy more property especially for nagila if Nikhil cannon for example not nakaka passive income Penang 10,000 per month Hoppus 30,000 and salary more then you get three properties and becomes thirty thousand pesos passive income for you the length something like that will you will this be discussed tomorrow in financials if the furniture to this forum definitely and a lot more topics always going to discuss catch topics there now if you want to learn more also visited Facebook page that's it for now see you all tomorrow the financial fitness forum and try to put sending video so you can get more details about

Channel: Marvin Germo

Views: 36,480

Rating: 4.9200001 out of 5

Keywords: financial consutling, trading, real estate, capital appreciation, investing strategies, rfp, long term investing, property investing, property rentals, investing seminars, filipino investor

Id: DDNygOiOOqA

Length: 15min 44sec (944 seconds)

Published: Thu Mar 22 2018