Is it really possible to make money in Real Estate? The answer is a big "YES"! In Philippines alone it is very clear mostly agricultural land before are converted to a residential area. Example, in Negros Occidental Province from Barangay Bata, Bacolod City heading north you can see the previous sugarcane plantation are now converted to a huge subdivision. There are real estate properties foreclosed by banks. There are Home owners who are motivated to sell their house in many reasons. The big question for us as OFW is how to make this opportunity to turn into profit in order for us to earn passive income and to maintain positive cash flow.
Let me remind you our life as OFW. The moment we left our family can you imagine the feeling seeing them in tears to be left behind having a one year or two year contract? Whew! You are lucky if you are in a harmonious working environment and with constant communication with your loved ones. Communication is vital to our relationship, right? The moment we received our hard earned money we are very pleased to send extra allotments to our family to provide them good living, education, appliances, balikbayan box, etc. etc.
What if all OFW have a mindset of a businessman and an investor instead, of buying new model i-phone, new model Nokia cellphones, Mac apple computers and many more you name it summing up can be a down payment for a house and lot to be rented or to be sell. Sure! there will be no more OFW to work far from home and love ones. You see friends it is just a matter of Desire, Faith, Imagination, Planning and Action.
One thing more, how many OFW have the initiative to give their children while young their savings account? There are banks in Philippines example is Banco De Oro they have Junior saver as low as Php500.00 you can open account to your child. So that when they become matured or shall I say when they turned 18 years old they have amount to be used as start for their adult life whether to use start a business or for their education.
I'm sharing this because for me it is beneficial. There are seminars about financial management but it cost too much for us. But here, let us share and help one another. Although, I am not financial expert but I read it in a book and I observed it from the successful people. Well friends, so much for now. Until next post. I'm happy if you leave your comments. Friends, let's make money in Real Estate.
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