Pre-selling Condo

-
Way back June 2012 my birthmonth ❤️.  This was the month and year that I decided to get a unit/Condo in a well-known developer  which is the Empire East on a pre-selling basis. So what I mean Pre-selling? They are selling condo that still not in completion or still in planning stage. On this stage is very risky, thats why it is very important to invest only in a reputable developer who have a long and solid history of delivering quality properties on time. Pre-selling will give u cheaper price and longer payment scheme for 5 years like what I have.

The reason why I invested in condo during that time is I dont know where to put my extra money. Everytime kasi na I put money on bank and save, during my annual vacation nauubos lang siya. I was really upset and depressed everytime bumabalik ako dito sa abroad. Kunti na lang talaga naiiwan sa passbook ko๐Ÿ˜‚ . That is why I needed to do something. Mas ok kasi sa akin ung meron akong hinuhulugan monthly. So, after presenting the project by the agent which is the " Kasara resort &Condo" with a total price of 2.4M for 30 square meter a 2BR. Go agad ako! I paid a reservation fee of 25,000.00 para mareserved ung unit na gusto ko in a particular floor. After a month start na ako naghulog ng monthly ammortization of 9,5651.65 payable for 4 years and 20,172.97 for a year via PDC's.

Being responsible enough to pay your ammortization is really a good habit of investing. Believe me, pag sahuran na nakabudget na ung panghulog sa condo ahead. Unlike before, kung saan saan ko lang nagagasto ung extra money ko๐Ÿ˜‚

So five years has come....... 2017 ... I would like to congratulate myself, because I did it. Although I have to pay the balance of 1.7M  before turn over at least medyo hindi ko naramdaman ung 5 years na pagbabayad. Another 10 years to pay for the bank loan. Pag andito ka sa abroad mabilis lang ang panahon. ๐Ÿ™๐Ÿ™๐Ÿ™

I'L update u soon pag turnover na ung unit ko. Excited na akong Ipasok sa Air BNB and open for everyone na gustong magstaycation. Just follow ur plan and always be thankful .

To God Be The Glory๐Ÿ™๐Ÿ™

Reservation receipt

                                    
      
 
2014 update๐Ÿ˜Š


2017 update RFO soon๐Ÿ˜            





















Comments

Post a Comment

Popular posts from this blog

How to redeem shares in FAMI?

-
Image
How to redeem shares  in FAMI? This is to share with you guys on how I redeem some of my shares in FAMI. This is just to check how long is the redemption process will take. First and foremost I printed the redemption form from the website. But before that, I messaged the online personnel on the FAMI website about the procedure on how to redeem shares. She sent me the form that I need to fill it up. After filling up the form. I send the scan copy to FAMI customer care associate together with the copy of my one valid ID. Fami will not process the request without sending them the original copy of the redemption form and copy of the ID. I send them through LBC courier. You can either pouch it through any metrobank branch with the code # 90020.  There is no redemption/exit fee if you’re investment is already six months . For below six months there is 1% fee.  Waiting period is approximately 7 days. You may claim the cheque personally in FAMI office or throug...
Read more

Opening "VUL Insurance" tru BPI-PHILAM Life

-
Image
BPI-Philam LIfe "VUL Insurance" This is to share you guys how I started my insurance tru BPI-Philam LIfe. Since, I have read a lot of blogs regarding financial freedom, one that is commonly asked and advised from financial advisors is to get first an insurance before anything else. Well, that's true, kung titignan mo naman kasi how the insurance works, you will get amazed! There are a lot of insurances offered nowadays. Now the Insurance company are offering a wide range of benefits not only for the death but for the living as well. So, to sum up as long as you live you are insured and you may used this benefits until you are on your golden age. Parang ito na yung retirement plan mo just like the SSS. This is pretty good especially sa mga OFW's kagaya ko. We are working abroad and we have to prepare ourselves of coming back home as early as we can. Start to set asides some of our earnings into proper investments so if time comes our money will work for us! Cheer...
Read more

How to open Mutual Fund in FAMI-SALEF for OFW

-
FAMI Equity Mutual Fund๐Ÿค‘ Just to share to everyone my experienced on how I started my mutual fund. Im an OFW and I have been working for 10 years now here in Kuwait. Sa totoo lang sa tagal ko na sa abroad wala pa akong masasabi na ipon. Everytime I had my annual vacation sa Pinas almost all of my savings ay talagang ubos. Ung tipong one "month" millionaire hindi nman one day lang ๐Ÿ˜„๐Ÿ˜„. Siguro sa 10 years ung family house lang namin napaayos ko. And ung hinuhulugan ko na condo for two and a half year now. 2017 pa ang turn over ng unit ko sana matapos kong bayaran soon. ❤️❤️❤️ So one time naisip ko ung scenario na sayang ung savings ko everytime na umuuwi ako ng Pinas. Imagine I have to save monthly pero pag nasa bakasyon palaging ubos ang ipon and start again to save pagbalik ng Kuwait, parang "save-spend=zero" yan ang OFW life. So then, dahil mahilig ako magbasa, one time nagsearch ako about financial freedom, dun nakita ko about mutual fund. I searched and rea...
Read more