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Hi. To easily ask for your advice, here are a few direct details
My goals are:
- To have a personal property like house and lot (preparing for a married life in a few years)
- 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
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