Real Estate Hunt

My boss gave a speech today regarding Robert Kiyosaki's book, Rich Dad, Poor Dad... I've read that book and finance explained in layman's terms really made a lot of sense. The only problem was, it was based on american culture, so most of the examples used may not be applicable to the Philippine setting, especially in today's economic and financial crisis. He showed us then a recently published Filipino version of the book: "Think Rich Pinoy", but it also stresses the importance of having the right mix of business, portfolio and real estate to gain financial freedom.

They say that the best time to invest in real estate is NOW, when most businesses are closing shop and the lots for sale are pegged at lower market prices. On my way to work today, my eyes caught at least ten "for sale" signs, that would have been good investments (for buy and sell) if only I had the capital. Which is why now I have four jobs! One resource to take would be to buy assets foreclosed by the bank... you can leverage capital investment first on a loan based on future sale, and still get profitable margins net from market rates. I personally prefer real estate over stock exchange which is more volatile to changes based on political and economic crisis. It's lower in risk, and has bigger chances of return as well. The concept may seem easy, but it takes practice I guess. And the good thing is, there is no age limit to real estate! (Which is why you see older moms leafletting at mall entrances everywhere!) May want to late this year, when my savings are more stabilized... consultancy with Dennis and Tito Romy may be good options to take as well :-) Happy House and Lot Hunting For Me! :-)