My real estate journey and some advice you could get from me
Whenever I pocket significant amount of money from trading, I usually withdraw in cash and buy a property. This has been my mindset since 20’s when I started trading. I started off with trading PSE stocks.
I never had partnerships to form what we call a real estate syndication. You’d hear this buzzword more often soon as some Facebook groups or known mentors will try to sell the idea. Does it work? It does! But let me share with you my thoughts about it.
Ipangalan mo ‘yung properties mo sa’yo.
In a syndication, basically you are forming a group of people into limited partnership or maybe a corporation to own properties. Advantages? Of course, bigger pool of funds, ability to transact and buy bigger or higher value properties. Probably some tax benefits, you can check.
For me, and you can take it with a grain of salt, I prefer that all my 40+ properties are under my name.
Wala ako ibang kausap, sarili ko lang. Wala ako makakaaway. Wala ako kailangang hintayin for opinion. Kahit kamag-anak mo o kasosyo mo sa Pilipinas minsan hirap din pagkatiwalaan, ‘di ba?
Of course there are advantages of partnerships: You gain from each other’s expertise. You learn socializing with people especially with your partners.
Para sa akin lang, and it works for me, I’d rather go solo when it comes to managing my own funds and investments.
Maganda sa una ang partnerships. Wait until may conflict na at nag-aaway-away na kayo. Again, this is my personal view. I don’t rule out possibilities of LLCs working out successfully.
“No money down” is another concept and it actually works. Pero for me, I leverage on trading to OWN the property. By “pocketing” my profits into physical assets (and even digital ones like REITs or real estate-related cryptos), I’m able to ensure I keep my profits from trading.
Paano ba lumaki ng 40+? Blessing from God that one of my properties hit a road development project which means an agri farm will now be residential. Just like what a fellah female forex trader shared in one of her comments here, a La Union property commanded a dramatic price increase from 2M to 90M. Crazy. Limiting beliefs are shattered!
Subdividing properties is key to growing my own real estate portfolio. Doable pa ba these days? Oo naman, pero syempre ang presyo nung 20s nuon ay iba na ngayong 30s nako. Kanya-kanya tayong strat how to spot a good property.
Hindi lang ‘yan. Some are selling properties in Pinas para makabili abroad. Some naman are building apartments via credit card gaya ng mga real-life stories in one of big FB groups today. Maraming diskarte. May ilan na ayaw ng real estate at happy mangupahan para mobile at nomad. Iba-iba. To each her own.
Hindi rin paramihan ang labanan sa real estate.
You can have many idle lots pero hindi earning at kikita lang via capital appreciation. You can have one condo unit na self-liquidating ang bayad sa monthly amortization.
Expert ba ako sa real estate? Hindi ako aral dyan. Iba ‘yung specialization ko which is trading. I’m sure mas maraming experts dyan na magaling sa foreclosure biddings, sa no money down techniques, sa syndication, sa rentals or flipping. I’m sharing what I personally experience as someone who invested 10+ yrs ago in my twentiesh era.
And as I grow older, narealize ko gusto ko lang ng minimalist na kwarto, mabango, malambot na comforter at tahimik na bahay.
The world is our house, too. Explore its beauty. Photo from Laos.
Original article posted 3 August 2024
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