In the Philippines, the best way to wealth is to be an anak mayaman or rich kid. To be the COO or the child-of-the-owner is everyone's dream.
The second option is to snug a rich partner or mag-asawa ng mayaman. This story is a common plot in Philippine TV shows.
Of course, not everyone is lucky to have the first two options.
Of course, not everyone is lucky to have the first two options.
Assuming that the paths are closed to you, real estate investment, is the third choice.
More millionaires achieved their riches through real estate than from all other ventures combined. In the Philippines, four real estate companies made it to the top 50 corporate taxpayers on 2011. They are SM Primeholdings providing mall space lease, Robinsons Land for residential spaces, Megaworld Corporation, and Ayala Land, Incorporated. This 2014, Iloilo City is the hot-spot of real estate developments. SM primeholdings, Megaworld Corporation, and Ayala Land Incorporated have investments in Iloilo City.
Megaworld offers houses in Iloilo with Sta. Barbara Heights. Megaworld will also offer European Inspired condominium units in Iloilo City. Ilonggos are excited for the One Madison Place.
Ayala Land, Inc. offers house and lots in Iloilo City with Ayala Avida and condominium units with Ayala Atria.
Megaworld offers houses in Iloilo with Sta. Barbara Heights. Megaworld will also offer European Inspired condominium units in Iloilo City. Ilonggos are excited for the One Madison Place.
Ayala Land, Inc. offers house and lots in Iloilo City with Ayala Avida and condominium units with Ayala Atria.
Probably not a conincidence, cement companies also snag places in the top 50. They are Lafarge Republic Inc. and Holcim Cement.
It is unfortunate that in the Philippines, even with both the husband and wife having an employment and earning well, most couples find it a difficult to pull in the wealth needed to send their children to school and set aside money for their retirement.
Because of this, we can conclude, it is a must to Invest.
Because of this, we can conclude, it is a must to Invest.
Why Invest in Real Estate?
We realize investments are necessary. But why Real Estate?
"Property is desirable, is positive good in the world. Let not him who is houseless pull down the house of another, but let him work diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built."
-Abraham Lincoln, 1864
Another popular alternative option is the stock market. By investing in stocks, you leave your fate to some CEOs. What goes up, comes down without necessarily going up again. Have you heard of Nokia's sad story? From being a preferred phone, Nokia suddenly got left behind by android phones.
Real Estate investments differ from stock market investments because the control is in your hands. You make decisions that affect your own future. You can structure purchase of house and lots and other properties as well as the sale of this real estate properties to meet your specific needs.
Profits can be realized from Real Estate Investments in a number of ways.
1. Income from Rents
2. Taxation Incentives
The Philippine government pushes Real Estate Investment Trust (REIT) so tax benefits are given to REIT investors.
3. Appreciation in value of land
Lots in Iloilo are predicted to appreciate highest in the Philippines.
Lots in Iloilo are predicted to appreciate highest in the Philippines.
4. Pleasure of using a property
This article about Real Estate Investing in Iloilo City is brought to you by HomeInIloilo.com. For your residence needs in Iloilo City, trust HomeInIloilo.com. Some ideas shared in this article are taken from Real Estate Investing from A-Z by William H. Pivar
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