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Need Advice in Entering Real Estate
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Hi. To easily ask for your advice, here are a few direct details

My goals are:

  1. To have a personal property like house and lot (preparing for a married life in a few years)
  2. To generate income from real estate (apartment rentals, condos for rent, airbnb, etc.)

My problems are: 1. I only have 20k cash and ≈30k from SSS Salary loan (which the loaned amount was actually 40k) which in total is 50k. 2. I am the breadwinner of the family (parents and siblings) and currently, the only amount left from my salary every month when all the bills/expenses are paid is 5k.

My insights or preferences: -I would like to buy a house and maybe use it as early as possible for generating income since it will take a few tears before i am going to use it. But it is just a thought. You suggest what is the best thing to do. -If i am renting or loaning a house, i will be needing extra income to pay the loan monthly hence I came with the thought about what I said above this.

More info: 1. I haven't used any Pag-ibig loan yet. 2. I've been working for 6 years and I am currently employed.
3. I don't have a personal computer. I am using the company-provided laptop.

What do you recommend I should do?

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1 month ago