Nicquee's Nook – Page 152

Starting Again

The holiday is already over but I still have a hangover. Sort of actually. Maybe because after the holidays, my eldest celebrates her birthday. That actually explains why there were no posts last weekend. We have been really busy and tired but extremely happy and contented with how our day went. Again, thank you, Lord, for granting all my prayers for Ayex’s birthday!

Anyway, that is really for another post.

Now that things are settling down, I decided to start accomplishing my goals for this year one by one. I started with the business.

I have been eyeing on a small business since I quit my job mid last year but a series of changes did not allow me to do so. So this year, I am up for a good start, a very good one actually.

I bugged my brother to help me start my very own loading business. You see, here in the country where I live, there are millions of mobile phone users and 90% of which are prepaid subscribers. That is our target market. It is better that I start now while I still have some money for business.

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What to Consider When Buying Real Estate

I cannot remember if it was last year or it was in 2010 when we bought our first investment as a family, a vacant lot. The lot is located in an exclusive subdivision here in the north of Manila. We acquired it through a bank loan but with God’s grace, we were able to pay it off in less then a year even if our contract with the bank is five years. We had to pay all the bank fees to have everything processed but that is better than having an outstanding loan.

So what were the things we considered prior to buying the lot?

First, I told hubby that as much as possible, we look for something that is strategically located. By that I meant, the real estate should have a good proximity to school, church, market, hospital and public transportation.

Second, the location should be safe.

Lastly, we considered our financial capability. How much money do we have? Do we have enough to pay for the downpayment? How much can we pay as monthly amortization without getting short for our other expenses such utility bills, food and others? Will we acquire the property through in-house financing or bank loan? What are the pros and cons of each? If we go with bank, which bank?

This year, I think hubby is doing another real estate move. I do not want to divulge anything at this point since everything is still unsure and I do not want to jinx it. But I am praying that it will push through.

I am participating in a blogger campaign by Bucks2Blog for St Louis county real estate and was compensated. However, the views and opinions are my own.