OFWs and migrant Filipinos often hear a common phrase when buying Philippine real estate properties. An important factor they must consider is location, location, and location. It might be tempting to buy a condominium unit because of its fancy design and built-in closets or its cheap price. But making decisions based on how the condominium unit looks can be a big mistake. Try to consider the house location because location is also an important factor in the buying process. Your property location will determine whether you will love the place or look for another property location.
The condition of the condominium unit can be changed. Condominium owners can even alter the layout of the unit for a modern look. But one thing condominium owners cannot change is the location. OFWs and migrant Filipinos need to be aware of the supply and demand of condominium units. These factors will always play a role in real estate value.
There are also condominium units found outside of major cities. These types of units may not be as in demand as the first ones but they offer potential. One thing OFWs and migrant Filipinos can easily overlook is buying condominium units based on their future potential. Location may not change but businesses and people around it do.
So a good real estate investment tip is not to buy a condominium unit in a good or bad location, but buy a condominium unit in a location that has growth potential.
House location is one of the most important factors that determines its resale value. Properties in desirable locations with good schools, amenities, and access to transportation tend to hold their value better and sell faster than properties in less desirable property locations.
Property location can have a big impact on your quality of life. For example, if you have children, you’ll want to live in a neighborhood with good schools. If you commute to work, you’ll want to live near public transportation or major highways. And if you enjoy being active, you’ll want to live in a neighborhood with parks, trails, and other recreational amenities.
House location can also affect your convenience. If you live near grocery stores, restaurants, shopping malls, and other businesses, you’ll be able to save time and money on transportation. And if you live near public transportation, you’ll have an easy way to get around without having to drive.
The safety of your neighborhood is also an important consideration when buying a house. You’ll want to choose a neighborhood with a low crime rate and good police protection.
If you’re planning on staying in your home for the long term, you’ll want to consider the potential for future development in the area. If there are plans for new businesses, schools, or transportation infrastructure, this could increase the value of your home in the future.
At Vistaland International, they have several condominium projects available in Central Luzon, Visayas, and Mindanao. Interested OFWs and migrant Filipinos can choose various Philippine real estate projects that fit their needs and budget.
To see some of the available ongoing condominium projects, scroll down below.
A luxury housing brand under Vista land and Lifescapes, Inc, Crown Asia offers premium Philippine real estate homes and investments. For OFWs and migrant Filipinos looking for a country club lifestyle and high-end amenities, Crown Asia is the perfect fit for their needs and investment options.
Crown Asia has 10 available condominium projects all over the Philippines. Found in several locations such as Mandaluyong, Baguio, Makati, Cebu, and many more.
Here are a few of their ongoing projects:
Located in Shaw Blvd, Mandaluyong, 515 Shaw is a 2-tower, 38-story condominium building. This is an ideal place to live and the building is surrounded by peaceful greenery with a great view of the country’s oldest golf course, the Wack Wack Golf Course.
There are three types of units available: the 515 Shaw Studio unit, the 515 Shaw 1 Bedroom unit, and the 515 Shaw Tandem Unit.
The 515 Shaw studio unit offers a floor area of 27.60 sqm. This includes 1 Bedroom provision, dining/living area, and 1 toilet and bath. Price starts at Php 6,000,000.
The 515 Shaw 1 bedroom unit offers a floor area of 30.40 sqm. It has the same inclusions as the studio unit but offers more space. Price starts at Php 7,000,000.
The 515 Shaw Tandem Unit offers a floor area of 60.80 sqm. This includes 2 bedrooms, a dining/living area, and 2 toilets and a bath. Price starts at Php 14,000,000.
To learn more about 515 Shaw, click here.
Located in uptown Cebu, Suarez Residences is open for pre-selling. An exciting 29-story L-shaped building, Suarez Residences is a lucrative real estate investment since it is built in the heart of Cebu City.
There are several types of condominium units available: Studio Unit A, B, and C; 1 Bedroom Unit A, B, and C.
The Suarez Residences Studio Unit A offers a floor area of 26.25 sqm. It includes 1 bedroom, dining/living area, and 1 toilet and bath. Price starts at Php 5,800,000.
The Suarez Residences Studio Unit B offers a floor area of 28 sqm. It includes the same features as Studio Unit A. It also has a balcony. Price starts at Php 6,200,000.
The Suarez Residences Studio Unit C offers a floor area of 25.76 sqm. It offers the same features as the other studio units. Price starts at Php 5,700,000.
The Suarez Residences 1 Bedroom unit A offers a floor area of 44 sqm. It includes 1 bedroom, 1 toilet, and bath, a dining/living area, and a balcony. Price starts at Php 9,000,000.
The Suarez Residences 1 Bedroom unit B offers a floor area of 38.86 sqm. It includes the same features as 1 Bedroom unit A but does not come with a balcony. Price starts at Php 8,000,000.
The Suarez Residences 1 Bedroom unit C offers a floor area of 34.74 sqm. It includes the same features as 1 Bedroom unit B. Price starts at Php 7,000,000.
To learn more about Suarez Residences, click here.
Now open for pre-selling available condominium units, Brenthill is a premium condominium investment for OFWs and migrant Filipinos. Located in Baguio City, Brenthill is surrounded by green foliage but is still within a prime property location. It is placed close to major landmarks like the Baguio Cathedral, the Public Market, and the Teacher’s Camp.
An exciting ten-story tower with three lower ground floors for various recreational venues. This is an ideal living space that caters to millennials who enjoy a laid-back and peaceful lifestyle.
Brenthill has 3 types of units available: Brenthill Studio Unit, Brenthill 1 Bedroom Unit, Brenthill 2 Bedroom Unit with Balcony.
Brenthill Studio Unit offers a floor area of 25.5 sqm. It includes 1 bedroom, dining/living area, and 1 toilet and bath. Price starts at Php 5,900,000.
Brenthill 1 Bedroom Unit offers a floor area of 34 sqm. It includes the same features as the studio unit but offers a bigger space. Price starts at Php 7,800,000.
Brenthill 2 Bedroom Unit with Balcony offers a floor area of 51 sqm. It includes 2 bedrooms with a shared balcony, 2 toilets and baths, and a dining/living area. Price starts at 11,800,000.
To learn more about Brenthill, click here.
These are just some of the few luxury condominium projects CrownAsia has developed over the years. To check out more of CrownAsia’s premium condominium properties, click here.
For affordable condominium properties, Camella Manors has several options available. From pre-selling units to ongoing and upcoming condominium properties. There is something for the OFWs and migrant Filipinos budget.
Here are some of their pre-selling and upcoming condominium projects:
Located in Lipa City, Batangas, Camella Manors Lipa is a one-of-a-kind fully-developed community with great amenities compared to other Camella Manors projects. It offers 10 buildings with 7 floors each and 21 units per floor. This is another practical investment choice since it is located in the heart of Barangay Tibig, Lipa City.
Camella Manors Lipa provides easy access to entertainment infrastructures like malls, and business centers. Lipa City is also a thriving business development center. This means increased real estate value and a prime house location for tourists.
There are 2 types of condominium units available: the 1 Bedroom Unit and the 2 Bedroom Unit.
The Camella Manors 1 Bedroom Unit offers a floor area of 30.36 sqm. It provides 1 bedroom, a living/dining area, and 1 toilet and bath. Price starts at Php 3,360,000.
The Camella Manors 2 Bedroom Unit offers a floor area of 40.26 sqm. It provides 2 bedrooms, a living/dining area, and 1 toilet and bath.
To learn more about Camella Manors Lipa, click here.
For OFWs and migrant Filipinos looking for high-quality and affordable condominium units, Camella Manors Frontera is a resort-inspired condominium property located at Tigatto Road, Barangay Buhangin, Davao City.
It offers 6 buildings with 8 floors each and each building will have 143 condominium units available. This is a great investment potential because of Davao’s ongoing infrastructure developments and Davao being part of the Build Build Build program.
Camella Manors Frontera offers great amenities with 24/7 security, pocket gardens for picnics, indoor gyms, private parking spaces, and many more.
There are 3 types of condominium units available: Studio Unit, Studio Prime Unit, and 1 Bedroom Unit.
The Camella Manors Frontera Studio Unit offers a floor area of 23.76 sqm. It includes a living/bedroom space, a dining/kitchen area, and 1 toilet and bath. Price starts at Php 2,900,000.
The Camella Manors Frontera Studio Prime Unit offers a floor area of 28.55 sqm. It includes the same features as the Studio Unit but in a slightly bigger floor area.
The Camella Manors Frontera 1 Bedroom Unit offers a floor area of 30.36 sqm. It includes 1 bedroom, a living/dining area, a kitchen corner, and 1 toilet and bath.
To learn more about Camella Manors Frontera, click here.
For the first time with launching their condominium brand, Lumina Homes proudly presents Prima Tanza. A 3-hectare exclusive vertical real estate development, Prima offers 10 walk-up condominium buildings. Unlike other condominium tower buildings, Prima’s condominium buildings are composed of 4 floors with 20 units per floor.
Located in Tanza Cavite, Prima’s master plan is to bring convenience to its future residents. This prime Philippine real estate is easily accessible through major roads and sits besides Vista Mall Tanza along with other amenities. The property location also offers easy access to businesses and travel ways such as Sangley International Airport, Cavite-Bataan Interlink Bridge, Metro Subway, and LRT Line 1 Cavite Extension.
For its initial offer, Prima is pre-selling 1 bedroom units. The floor area is 24 sqm. Each unit will have 1 bedroom, 1 toilet and bath, and its small balcony. Price starts at Php 1,900,000.
It is currently still in development and the expected turnover will be in the first quarter of 2024.
A luxury condominium brand, COHO by Vista Land is located in top urban house locations such as Metro Manila and Metro Cavite. They have several other condominium properties across Luzon as well.
COHO is known for its stylish modern units, and a fast-paced lifestyle. It provides urban amenities with the passion of condo living. Mostly targeted towards young adults, and working professionals, COHO provides easy access to malls, cinemas, cafes, and other entertainment venues. As well as high internet speeds and the convenience of smart technology.
To inquire about their condominium projects, contact them here.
Price starts at Php 2,000,000.
Vista Residences is a condominium brand under the country’s largest real estate developer, Vista Land and Lifescapes, Inc. It provides hot-selling real estate properties across the nation and is located in highly urbanized cities.
This is a great Philippine real estate property investment. Especially targeted towards university students, young professionals, and high-income earners. Price is currently not available online. For more details, head on over to their Vista Residences contact page.
In the end, OFWs and migrant Filipinos are the major drivers for real estate growth. There are more available condominium projects undergoing development in the Philippines. So knowing which real estate locations have the growth potential is key in real estate investments.
To invest wisely, OFWs and migrant Filipinos need to keep up with today’s events. There might be some Philippine real estate properties that sound nice on paper but when it comes to seeing the actual unit, it differs greatly. So before making the final choice, be sure to do some research and keep up to date with the news. Some projects also offer virtual tours to give potential buyers an idea of what the unit looks like in virtual reality.
To know more about ongoing condominium projects, realtors from Vistaland International are happy to help OFWs and migrant Filipino find Philippine real estates that best fits their needs. So contact them today!
For OFWs and migrant Filipinos who are looking for condos for sale in the Philippines, Vistaland International Marketing, Inc. (VIMI) has a diverse portfolio of property investments for you. Send us a message today and let’s talk which condo project by Vista Land is the best choice.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
Are there other options for OFW house and lots and condominium investments for sale aside from Metro Manila properties?
Home indeed is where the heart is. In times of depleting options and increasing prices of property options in subdivisions and condominiums near business districts, Filipinos especially Overseas Filipino Workers (OFWs) and migrant workers are down to pricey ready for occupancy (RFO) homes and spot payment terms.
But to other investors and home seekers, the side skirts or suburbans of the metro in proximity to workplaces and places of interests like schools, malls, supermarkets, and places of worship are the best choice.
OFWs and migrant Filipinos work hard for their dream of owning a property investment that will give them the comfort of their home. They also aim to have an income replacement solution while enjoying the prime of their life or during their retirement.
There are residential developments approximately 15 minutes or 10 kilometers away from business districts of Manila. There are also possible locations to look at that are accessible to workplaces yet near your hometown.
We usually mention the roads or highways as references to locations and areas. In Metro Manila, these are the gateways OFWs and migrant Filipinos can consider in getting a property with high value appreciation potential. The sprawling East, the developing South, and the promising North links to the bustling business district of Manila. Mode of transportations are UV express, minibuses, and point-to-point buses.
With all the developments in the south of Metro Manila, the Build Build Build program of the government still has numerous projects, superhighways, and bypass roads near completion. This cuts the travel time to and from the south of Metro Manila to less than an hour.
Here are the two highways that lead to Metro Manila which can be considered an alternative route by OFWs and migrant Filipinos who grew up from the south.
Once finished, LRT line 7 will cut the travel time of commuters from 2 hours to 15 minutes. Pasay and Las Pinas are just a stone’s throw away from the Ninoy Aquino International Airport (NAIA) and the commercial districts of Makati City. Municipalities of Cavite after Las Pinas are Kawit, Tanza, Naic, and North of Bacoor are the options if you are taking the coastal road and Cavitex. Travel time to MOA or Mall of Asia, Manila, and Makati is just an hour from these areas. Vista Land has excellent property investment options in this area.You can choose among our residential projects in Camella Tanza and Trese Martirez and Lumina Homes in Tanza which offer affordable house and lots for sale.
With the skyway being placed, another choice in the south of Manila are residential developments near SLEX south Luzon expressway exits. Options are the southern part of Bacoor, Imus, Dazma, and General Trias of Cavite. Even Silang and San Ildefonso are now one hour away. People who work in Alabang, Sucat, Bicutan, Taguig, and even Ortigas can consider looking at this area.
Cavite is one of Vista Land’s residential development empires. Projects here are different phases of Camella in Daang Hari Bacoor, Camella the Islands in Imus, Camella in General Trias, Camella Silang, and Camella Ildefonso which both almost carry the weather of Tagaytay.
With a mountainous region of Rizal as the background of those OFWs and migrant workers who live in the sprawling east, another gateway to Metro Manila with Quezon City or Pasig as its entry point is the province of Rizal. Here are the options if you want to get away from the expensive toll fee in daily motoring.
From the term itself, this highway connects Ortigas and Pasig to the southern provinces of Rizal. A lot of condominium developments are now present on this national road with large mall developments and supermarkets. It connects EDSA and C5 to Pasig and Antipolo City by satellite bridges. This highway also connects Ortigas to top municipalities of Rizal like Cainta, Taytay, Antipolo, Angono, Binangonan, and all provinces in Laguna and Batangas. When finished, the 16 kilometers MRT line 4 will connect San Juan and EDSA to Ortigas extension and Manila East Service road of Rizal province.
You can check out the residential communities of Vista Land at Camella Sierra, Dalig Antipolo, Camella Meadows at Eastridge Binangonan, and Lessandra Crestwood at Buliran Road Antipolo.
If you are looking for an affordable house and lot for sale in Rizal, you can consider our socialized housing for starting families at Lumina Homes and Bria Homes in Baras.
Marcos Highway or the Marikina-Infanta road is the newest gateway after the Ortigas extension. This area locates four giant malls and supermarkets. It connects Quezon City and Manila to Marikina.
It then leads to the provinces of Rizal like Northern Cainta, Lower Antipolo, Baras, Tanay to the provinces of Laguna and Quezon. LRT line 3 will bring you from Antipolo to the university belt and Divisoria in less than 30 minutes.
Vista Land’s housing developments in Antipolo are just 15 minutes away from the Marcos Highway. Other developments to consider in the area are Bria Homes Executive nearby Paenaan and Bria Homes Montalban which is only 15 minutes away from Marikina and Commonwealth Ave, Quezon City.
There are numerous developments lined up in the North to benefit the agricultural and commercial industry. Baguio and other mountain province tourist destinations can now be reached in less than 3 hours and with the upcoming LRT lines of Philippine National Railways and MRT line 7, the North area of Metro Manila will soon become a new business district.
Balintawak is known as the farmer’s trading hub of Metro Manila. It is located at the end of NLEX or North Expressway. Due to heavy harvesting of crops of the north, this farmer’s hub remains the trading haven of vegetables and fruits of Northern farmers. The NLEX connects Balintawak, the start of EDSA, to the northern part of Luzon. OFWs and migrant Filipinos traveling to different parts of this region will have access to different provinces of the North. First of which is Valenzuela which connects to South Caloocan, Malabon, Navotas, and Manila.
Afterwhich, it connects to Meycauayan, Sta Maria, west part of Bulacan including Malolos, Pampanga, and Bataan. This highway also connects to different superhighways and bypass roads connecting to Tarlac, Nueva Ecija, Pangasinan, and the Ilocos region. Vista Land develops several housing projects such as Camella Homes in Malolos and Baliwag Bulacan, Camella Homes in Apalit Pampanga, and other provinces in the North. Lumina Homes in Malolos and Pamapanga are also an option for those who are looking for affordable house and lots in the Philippines.
The biggest and most utilized highway in the Philippines is Commonwealth Avenue. This superhighway is used by thousands of commuters every day. This 12-lane road connects the northern part of Quezon City and the eastern province of Bulacan via Quirino Highway. It also connects the northern part of Rizal. No wonder why this superhighway carries the most vehicles to EDSA. There are 4 giant malls along Quirino Highway.
The Commonwealth Avenue starts at north Caloocan to the provinces of Bulacan starting at the City of San Jose Del Monte, to Norzagaray, Sta Maria, Pandi, and Plaridel. This superhighway also leads to other provinces such as Nueva Ecija and Aurora.
LRT line 7, when finished, will cut down the travel time from the City of San Jose Del Monte Bulacan to EDSA in less than 30 minutes. Vista Land’s housing developments in the area are Camella Cielo in Igay, Camella Homes in Norzagaray, and Camella Homes in Sta Maria. Lumina Homes for socialized housing are also an option with developments in Plaridel and Pandi Bulacan.
Like the Alabang Muntinlupa in the south and the Fairview of Quezon City in the north, it used to be a side skirt of urban development. It also used to be very far to commuters since the workplace only concentrates at the heart of Metro Manila which is Makati and Pasig.
These alternative municipalities at the side skirts of Metro Manila can become one of your choices for property investment in the Philippines. The top of the advice from property experts is to choose the right location. But since most OFWs and migrant Filipinos believe that the hometown they grew up in is the best place to live or invest, they can have it both ways.
Today, workplaces have expanded in different areas of Metro Manila. There are several job opportunities in BPO companies, commercial malls, and office establishments around the National Capital Region because of road and infrastructure developments.
The nearest working district to provincial areas if you are coming from the south is Alabang and Laguna. In the North are Novaliches, Caloocan, and Bulacan. In the East are Antipolo, Cainta and Marikina.
With all the mentioned locations in the side-skirts of Metro Manila, these developing areas are great choices with the potential appraisal value and high rentability rate and yield. Like other developed areas in Metro Manila, these will provide profit and income in no time.
Talk to a trusted real estate seller. Contact Vistaland International today!
Vistaland International Marketing Inc. (VIMI) offers different kinds of real estate properties and even the most affordable house and lot units to OFWs and local Filipino citizens.
Having one of the largest real estate companies in the Philippines as part of their selection of real estate investments, VIMI aims to provide quality homes that are built to last for future generations.
As the international marketing division of Vista Land, VIMI provides several financial growth opportunities for OFWs’ real estate investments in the Philippines. Send us a message!
Many OFWs and migrant Filipinos had tried their luck in foreign lands to provide for their family. OFWs have to sacrifice occasions and years of not seeing their children grown in exchange for a good and stable financial status. OFWs and migrant Filipinos have only one goal in mind when choosing to be away from their loved ones, to be able to provide a sound financial position. The greatest tragedy an OFW and migrant Filipinos can face is coming home broke without providing for the medical and other basic needs of an aging retiree. This is where knowledge in financial literacy comes crucial.
OFWs and migrant Filipinos weren’t able to attain their goals even after a long period of working away from home because of some factors they ignored. Initially, most OFWs and migrant Filipinos only plan 3-5 years of working abroad to save a good amount of money for capital to start their business. Unfortunately, these OFWs and migrant Filipinos extend their time working abroad, thinking of spending another five years short to save more money.
Most OFWs and migrants come abroad aiming for a greener pasture and significant opportunities. They work abroad to save money to set up business back home but eventually, immediate financial needs wash away their dreams and goals. They become preoccupied with providing their family a good remittance. They are unaware that they slowly satisfy their family’s expectations.
Giving their family’s needs and even wants have become their priority rather than saving and investing. Filipino families often avoid discussing financial matters because these are very emotional issues that trigger some other problems that will result in gaps and withdrawal.
Successful OFWs and migrant Filipinos are not based on how high their incomes were or how long they’ve been working abroad but how wise and good their spending is. It is not how well the family is being provided during the entire employment but even after retiring.
One of the obstacles OFWs and migrant Filipinos face is their family issues that drain the OFW’s resources. The family of an OFW becomes dependent on the migrant and sometimes stops working dependent on the migrant worker. The OFW and migrant Filipino’s family become luxurious in their lifestyle, having in mind a migrant worker that could provide everything they need and want. Their standard of living depends on the OFW and migrant worker’s income.
There may be an increase in the migrant’s salary, but there is nothing much to save because as the salary gets high, the spending gets higher.
OFWs and migrant Filipinos’ sole concern has become providing for their family’s needs and wants. Their dreams and goals have become only dreams that are too far to reach because they lack financial literacy skills and information. They only have plans but don’t have enough knowledge of where and how to start. More than the yield of their investment, their primary concern is to provide for their dependent family, who only drains the migrant’s resources.
OFWs and migrant Filipinos don’t go home for a while, not because they don’t have that much and do not work hard, but because they make bad decisions regarding their finances. They spend more on buying unnecessary things and send more at home.
We all know that life is a series of decisions as well as in our finances. It’s not going to be a greener pasture always, and resources last, but it is better to come prepared and ready before we come to that. The secret to an excellent financial standing even after retiring is the knowledge of financial literacy.
OFWs and migrant Filipinos have different reasons why they could not secure their hard-earned money or save. But if we dig deeper, we will come down to a root cause, and indeed, it will be financial literacy and core values.
The first thing every OFW and migrant Filipino should know is, there is no shortcut to financial freedom. Everything takes time as well as economic freedom. What you want to enjoy for a long time, you need to wait for a given time frame before getting ripened and ready to enjoy.
OFWs and migrant Filipinos have become a vital part of the Philippine economy. Their remittances from different parts of the world have created a significant impact that continuously grows as more and more Filipino workers come abroad for work.
OWWA (Overseas Workers Welfare Administration together with Bangko Sentral ng Pilipinas (BSP) and BDO Foundation, has launched a financial literacy program for OFWs and migrant Filipinos to educate OFWs on proper handling of finances and managing their resources.
This program targets the OFWs and migrant Filipinos and their families, who are the recipient of their remittances. This program is called PiTaKa or Pinansyal na Talino at Kaalaman.
PiTaKa or Pinansyal na Talino at Kaalaman is a requirement for every Overseas Filipinos in Pre-Departure Orientation Seminar (PDOS) and Post-Arrival Orientation Seminar (PAOS). It aims to change how OFWs and their family’s behavior on finances from being spenders to savers, investors, and business owners.
It also helps OFWs to have the capability to sustain their financial health at the same time contribute to the national economy while having to live with their families in the Philippines. They are producing financial literacy videos and training guides to help the OFWs spend their money wisely.
Financial Literacy knows to spend and save money properly. Many OFWs who are unsuccessful in their overseas journey have little knowledge of proper spending and saving. The Filipino has the mindset that “What is left, is saved. If there’s none left, then there’s nothing to be saved.”
According to a study conducted by Philam Life, many Filipinos are more concerned about their own and their family’s health. Still, only 16 percent of them are prepared to pay for medical costs if they are diagnosed with a critical illness.
Financial planning teaches individuals to be responsible in their finances. It teaches discipline to keep track of their financial goals with short-term, medium-term, and long-term.
Short-term goals are monthly living expenses that need to be paid for the person’s basic needs, including setting up an emergency fund. Medium-term goals are those goals you want to achieve in the next five years, like buying a house or a car, while long-term goals are those that take longer than five years to complete.
A financially literate person plans to save, invest in stocks, and accumulate more wealth.
It is essential to create a budget and strictly follow it. Many people don’t have a budget plan which results in unnecessary spending on non-essential things. Prioritize paying off your debts first and lessen your unnecessary expenses. Proper budgeting includes:
Saving is significant in budgeting. It should be first on the list and not the other way around. Filipinos tend to spend first until there’s no more left to save.
Resources last, and you are not always abroad. You’ll get old and come back home. By then, you should be prepared and saved for your family. Remember not to send all your money back home, and wise spending is also wise saving.
Also Read: Emergency Fund: What It Is and Why It’s Important For OFWs
Learn new ways to grow your income. Investments are one of the best ways to prepare for your retirement. Instead of spending all your money with nothing in return, choose to invest that will double your hard-earned money.
Here are some financial instruments OFWs and migrant workers could choose to invest in for a brighter future.
Real estate can bring returns. OFWs and migrant workers become OFW investors in Philippine real estate. OFW investors choose to buy a property in Philippine real estate because it is a tangible asset compared to other investments. OFWs and migrant workers choose to purchase properties independently rather than renting homes that increase their value from time to time. Real estate investment doubles your money in time. You can also have your property for rent for monthly income and wait to sell it to a large cash reserve in the future. OFW investors choose real estate investment because it is one of the fastest and safest ways to boost their wealth.
OFWs and migrant Filipino workers can choose to be business owners or entrepreneurs with the proper knowledge and mindset, passion, and attitude. Owning a business is a good investment for OFWs and migrant Filipinos because it can provide an additional income for the family. You can start with franchising food carts. But remember to establish an emergency fund if things don’t work according to what you have planned. Before starting a business, you should research what to put up and what people are getting nowadays.
Stock Market is one of the famous investments to try for OFWs nowadays. Online trading platforms are now emerging, and OFWs and migrant Filipinos can now be OFW investors investing in stocks even if they’re based abroad. The Stock Market is now available for anyone who wants to use it to gain financial freedom.
COL Financial, an online broker, allows OFWs to open a trading account without personal contact. Application forms and supplementary documents can be sent via courier and fund your account through wire transfers.
Investing in the stock market can be a little intimidating for new investors, but growing your money takes a lot of patience and learning how the stock market operates. Before investing, make sure to educate yourself on the ins and outs of the stock market.
Mutual funds and Unit Investment Funds (IUTFs) work identically. For as low as PHP 1,000, OFW investors can participate in these pooled investments.
The difference between the two is that banks manage UITFs while professional fund managers grow your money with mutual funds. Investing in mutual funds and IUTFs is beneficial for OFW investors because it doesn’t require too much work because a professional can take care of the business.
OFWs and migrant Filipinos are the country’s modern-day heroes. They work in a foreign land in hopes of providing a greener pasture for their families back home. Being away doesn’t hurt that much in exchange for a better future for their families.
As time passes by, Filipinos are choosing to go abroad to look for better opportunities. Family is the number one motivating factor why Filipinos venture out to foreign lands. Investing nowadays is more accessible than it used to be for OFWs and migrant Filipinos. You can look out for many resources for using different platforms such as social media and financial literacy courses and programs. You may now double and grow your hard-earned money through accessible transactions and build a comfortable future for your family.
With the right attitude and discipline, your hard work in a foreign land will pay off. Saving should be your priority. Living a life filled with luxury and glamour will only take a short phase in your life. What’s important is the readiness of the days to come, which is unknown to everyone.
Saving will not hurt much if having a brighter future awaits you.
As the international marketing division of Vista Land, we provide several financial growth opportunities for real estate investment in the Philippines.
Become an OFW investor and grow your real estate property with VIMI! Connect to us via our live messenger button or contact us here.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
Because of COVID-19, thousands of OFWs and migrant Filipino workers found themselves riding a plane back to the Philippines and out of a job. This is a heartbreaking experience for many of them since they rely on earning money abroad to support their families. Although many OFWs and migrant Filipino workers are happy at the thought of reuniting with their families and loved ones, they also worry about their future employment status. Some do get their jobs back but unfortunately, for others, they are re-applying and trying to get back abroad.
So what can they do in the meantime? Venture into selling online products as an alternative source of income! They can sell Philippine real estate. The market for real estate properties is always in demand. OFW investors who bought properties during the past few years can make use of their investments to make money while waiting for re-employment abroad.
There are several condos for sale in the Philippines that many expats find attractive. Even foreigners from abroad are likely to purchase real estate in the Philippines because of its cheap price and convenient location in the city. One of the best things about the Philippines is that it is a great tourist destination. There are always fun and exciting things to do. At a much cheaper price. So this entices foreigners to come over and experience Filipino culture firsthand.
Many Filipino workers in the Philippines are also looking to buy their own homes or condominiums. This makes them another great target audience for OFW real estate owners to do business with. They mostly come from the BPO industry or major Philippine companies.
Real estate is a lucrative business. It may take a few years to save enough money to buy real estate but the rewards are great. There are several amazing house and lot properties available in the Philippines. Many real estate development companies are building more and more affordable homes for Filipinos.
There are different types of house and lots for sale to choose from. Each house and lot is tailored depending on the investor’s preference and budget. And they can be found online through property listings or just by asking a real estate broker. The hard part is deciding which best suits their needs and preferences.
House and lots within gated communities or inside subdivisions are more in demand and expensive compared to others. They are popular with married couples and families with children. They provide families security and a sense of community. House and lots inside subdivisions can give them peace of mind against thefts, or burglars. They can also let their children play on the streets in peace, knowing that there are security guards on standby at the gate entrance. If an accident does happen, the security guard is there to protect them.
However, complete privacy can be a problem especially if the property lots are built too close to each other. If a fight breaks out in the house, then most likely the neighbors can hear it from their house. If privacy is a big deal, then it is a good idea to invest in window blinds or reflective surfaces for the windows.
House and lots within the city have the highest value of all since they are in a prime location. They have easy access to important buildings such as malls, business centers and government buildings. House and lots within the city also provide multiple opportunities for passive income, such as renting it out to expats or visiting tourists. They can also be used for Airbnbs. Although they are becoming increasingly rare to find, some are still on the market at a premium price.
There are also house and lots for sale found in uncommon areas. Mostly, they were previously empty lots and the owner decided to build a house to sell it off at a higher profit. These lots can be found within the nooks and crannies in various locations in the Philippines. They can be harder to find and can take a few winding roads. Their location may also not be ideal since some house and lots are surrounded by already established city dwellers.
They do not have their own security guards so the house owner should be diligent in securing their house from thefts, and robberies. Installing a CCTV is recommended as well as getting a guard dog to watch over the house while everyone in the family is away.
Another thing to keep in mind is that the farther the property is from the city, the cheaper its price. However, property value always increases every year. So despite its far distance from the city, there is still value in selling the property.
Although many Filipinos and foreigners prefer to live close to the city, living in the province also has its benefits. House and lots are cheaper and the air is cleaner. There is also less noise pollution, giving residents a peace of mind and stress-free relaxation. This is a great option for retired Filipinos to spend the rest of their days in peace and relaxation.
With the fast-paced growth of BPO companies, condominiums units are very popular in the city. They offer easy access to several locations and many Filipino millennials find them convenient to live in. Especially if they are still single and not yet married. Even couples find them convenient to live in.
There are several condos for sale in the Philippines. Most of them offer a down payment but OFWs and migrant Filipino workers should keep in mind there are additional monthly fees such as maintenance fee, elevator fees, condominium insurance, fire insurance, and etc when purchasing a condominium unit. So when thinking about purchasing a condominium unit make sure to research well before taking the plunge.
OFWs and migrant Filipino workers who make a business of buying and selling their condominium units can easily earn a small fortune. This is why condominium units sell out fast and why they are so popular. Especially if they are located in a prime area where there are several social amenities available.
Condominium units offer security, and basic amenities such as electricity and water. Some condominiums even have their own swimming pools or gym, which is enticing for young adults who enjoy socially stimulating activities.
Overall:
There are several online platforms for OFWs and migrant Filipinos to publicize their house and lots for sale or condos for sale such as Lamudi and dotproperty. They can even use Facebook and join groups that sell real estate investment to promote their own properties. They may also use the traditional word of mouth method by spreading their intention to sell towards their relatives and friends.
Enlisting the help of real estate brokers can also boost attention around the property listing. Real estate brokers have wider audiences and more resources. As real estate brokers, they can provide better customer service and satisfy the client’s concerns and questions.
Just be aware of the potential buyers who express their interest in buying the property. It pays to learn how they get their source of income and do some background digging to check if the buyer is reliable and can securely pay for the property.
However, if OFWs don’t have any real estate properties to sell or make a profit with, then there are also other top online products options to sell:
Women wish to stay beautiful, at all times. Not only does it make them feel special, it also boosts their confidence. It is also important for women to take care of their skin. Especially as they grow older.
In a hot climate like the Philippines, it is vital to protect their skin from the harsh rays of the sun. It is common to see Filipino women using umbrellas even on a sunny day. Filipino women are passionate about using skin-whitening products. Because in Filipino culture, having fair skin is seen as handsome or beautiful.
This is why imported make-up and skin care products are hot-selling items among young women and above. There is a strong demand in the market for selling top-quality cosmetic and skin care products. Especially South Korean and Japanese cosmetic skin care brands.
These countries are known for their advanced technology on skin care and cosmetics. Their highly well-made and effective skin care products and cosmetics make them one of the global leaders of the skin care industry.
Some international brands are not commonly found in the Philippines so there is a greater demand for them in the Philippine online market.
Imported perfumes, designer clothes, and designer bags are popular products. It appeals to a wide audience of all ages. More importantly, trending perfumes and designer products sell out quickly. They make great gifts to give to friends and family, including relatives and neighbors.
They are popular especially among women and men. Authentic brands are popular especially among young adults. However, counterfeit products are commonly found in the online market. Counterfeit perfumes and designer products come at a cheaper price, but they offer poor quality and usually do not last a long time.
Selling branded shoes and footwear items is a hot-seller among men and women. Imported shoes and footwear are popular especially for young men and women. This is because of their great quality and the prestige they hold as branded items.
Wearing branded shoes and footwear items can be eye-catching and a fashion statement to many Filipino people. Branded shoes also last a long time so they make a great investment especially if the person travels a lot. Some branded shoes can be comfortable to wear in and can endure a lot of wear and tear. They can even last for a couple of years before receiving any permanent damage.
There is no lack of demand when it comes to imported goods and products. Filipino people enjoy imported goods and products from other countries especially if they come from countries such as the U.S., Canada or U.K.
Filipino people enjoy tasting new food and experiencing new things they cannot find in the Philippines. This is why OFWs and migrant Filipino workers think of their families first so they provide their families with the best products they can afford and help ease the burden of their parents and siblings.
OFWs and migrant Filipino workers can sell these hot online products through various popular online platforms such as Facebook, or Instagram. They can even turn it into a small side line business by setting up a shop in Shopee or Lazada. Although maintaining an online shop takes time and patience. In the long run, this creates another income revenue for them to increase their sources of cash flow.
Overall, the top products OFWs and migrant workers can sell online are real estate properties they have invested in and imported goods. Real estate is a great investment that increases in value every year. Condominiums are especially popular among Filipino BPO workers and foreign expats.
By investing in more real estate, OFWs and migrant workers can increase their cash flow value and generate passive wealth. They can have the benefit of retiring early. They can enjoy the rest of their retirement by being financially free and choosing whatever it is they want to do without the burden of worrying about money.
Imported goods are also a great commodity in online buy and sell groups. Many Filipinos think highly of imported products. Imported food tastes delicious and imported chocolates are always a popular gift for anyone of all ages. Majority of Filipino people are sweet-toothed. So it is not surprising, they are always happy at receiving imported chocolates as gift souvenirs or even as birthday gifts.
But for OFWs and migrant Filipino workers looking to make some serious income online, then selling real estate properties and condominium units are the way to go. Now is the perfect time to seize this opportunity and earn from real estate investments.
Get Started with Vistaland International
For OFWs and migrant Filipinos who are looking for a house and lot or condo for sale in the Philippines, Vistaland International Marketing, Inc. (VIMI) has a diverse portfolio of OFW property investments for you. Send us a message today!
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
If there’s one thing that unites local Filipinos citizens and Overseas Filipino Workers (OFWs), it would be a Miss Universe competition. No doubt, every home in the Philippines is an avid fan of beauty contests or any global event that gives Filipinos a chance to showcase their brains and talent.
The Philippines has produced eleven Miss Universe Philippine candidates that have entered at least the semi-finalist round, four of which were crowned as winners later on. These beauty contestants, regardless of their rank, became role models to young Filipino girls to take on whatever problems they may face in life with sheer grit and determination.
And with this year’s Miss Universe Philippines, there’s no denial everyone wants to know more about the charming beauty queen from Visayas. Filipino citizens, even OFWs and migrant Filipinos from all over the world, have shown their support and love to the Miss Universe Philippine candidate.
Photo : MedPro International
Rabiya Mateo is an Indian-Filipino beauty queen born in Balasan, Iloilo. She grew up in a broken family and was raised by her single mother. From a young age, her family struggled financially. And while that may be a big hurdle, she did not let it affect her studies. She continued to excel at her studies while being part of various organizations at school.
The mixed-race beauty graduated cum laude with a Bachelor’s Degree in Physical Therapy (PT) at Iloilo Doctor’s College. In an interview, she admitted that graduating college was the best gift she could ever give to her mom. During her college years, she applied for several part-time jobs to save up for her board exams
In order to be a Physical Therapist Registered in the Philippines (PTRP), she reviewed at Sultan Review Group (SRG) Manila Review Center. After she got her license, she started a career as a teacher and review coordinator at SRG Manila Review Center from August 2018 to February 2020.
Photo: Tribune Net PH
Rabiya Mateo’s journey to the Miss Universe stage wasn’t all glitz and glamour.
It was during the time Venus Raj was crowned as Miss Universe Philippines 2010 that Mateo wanted to join the world of pageantry. With relentless efforts and strong faith in herself, she started joining school pageants. At the age of 15, she represented the College of Physical Therapy in one of the local school pageants.
However, with all the pageants and training, she wasn’t crowned once. This prompted her to take a break from beauty pageants to focus on studies and work.
Mateo’s passion for participating in beauty pageants didn’t flame out while she was working in Manila. She decided to join Miss Iloilo, her first ever extensive pageant.
The then 23-year-old Ilongga bagged the crown in the Miss Iloilo pageant last January 2020, which led her to represent Iloilo City in the Miss Universe Philippines 2020 pageant.
During the question and answer segment of Miss Iloilo, Mr. Robi Domingo, the host asked her: “How can the crown of Miss Iloilo 2020 promote Iloilo in the global community?”
She answered with: “If I were to be crowned tonight, it would be such an honor to bring to the global community our very own hablon which represents dedication, hard work, and creative side of every Ilonggo. Aside from that, I want to show to the world that I am the queen of today because of my province. And with that being said, I want to prove to everyone that I am a true ilongga with a heartfelt beauty.”
Photo: Rabiya Mateo’s Instagram (@rabiyamateo)
Rabiya became well-known in every home in the Philippines when she was crowned as Miss Universe Philippines. Right from the get-go, controversies and rumours about the Bisaya beauty flooded social media.
As the representative of Iloilo City, she has shown resilience and grace over pressure throughout the competition. In an interview, she admitted she was fangirling over the girls she only saw on TV before. She also confessed she felt small compared to the other girls in the competition. Little did she know that she’d become a dark horse as the competition went on.
When she advanced to the Top 5 finalists, there were two rounds of a question and answer portion. During the first round, her question was: “If you can create a new paper currency with the image of any Filipino on it, dead or alive, who would it be and why?”
She answered with: “If I were given the chance, I want to use the face of Miriam Defensor-Santiago. For those who don’t know, she’s an Ilongga. But what I admired about her is that she used her knowledge, her voice to serve the country. I want to be somebody like her. Somebody who puts her heart, her passion into action. After all, she’s the best president that we never had.”
At the last round of the interview, the judges asked her: “This pandemic has made clear our priorities essential or non-essential. Where do pageants stand in this time of crisis?” She replied with:
“As a candidate, I know I am not just a face of Iloilo City but I am here carrying hope and as a symbol of light in the darkest of times. As of the moment, I want to help my community. I want to use my strength to make an impact. And that is the essence of beauty pagent. It gives us power to make a difference.”
Because of the pandemic, the final date of the Miss Universe 2020 competition was pushed back. The 69th edition of the Miss Universe competition was held on May 17, 2021 at Florida, United States of America.
Rabiya Mateo, representing the Philippines, was among the 74 countries that participated in the worldwide event. She has shown the world her strength and heartfelt beauty all throughout the competition.
Although she made it to the Top 21 semi-finalist round, Mateo’s journey to win the crown was cut short as she wasn’t selected as one of the Top 10 finalists.
Winning isn’t everything and losing doesn’t mean it’s the end of the line. Filipino citizens and even OFWs or migrant Filipinos are the most supportive fans of Miss Universe Philippines. She has already been a phenomenal woman since then. How she overcame her hardships in life made her into the fierce independent woman she is today. And with the loving support of the previous Miss Universe Philippines candidates, every home in the Philippines has seen her compassion, determination, and heartfelt beauty.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
As part of Vista Land International’s efforts in making OFW and migrant Filipino lives better, a series of talks, in partnership with the company, was launched on various topics such as OFW investments, real estate assets, and financial literacy. Esteemed guests are invited for each talk and the goal of the webinars is to bring financial and economic knowledge to many OFW investors all over the globe.
Asensadong Pinoy: Financial Awareness was a webinar featuring special guest Pastor Dan Calingasan, a financial advisor and retired OFW. The talk centered mostly on financial literacy and how many OFWs and migrant Filipinos can grasp the concept of what it means to be financially stable.
The unfortunate reality is that a good percentage of Filipinos, whether OFW or those living in the country, struggle with financial management. When people don’t know how to manage their money, debts may pile up, needs are unmet, and futures become unsecured. But what does it mean when a person is financially literate? Simply put, financial literacy is simply the ability to understand and apply different financial skills effectively such as budgeting, investing, and saving.
That’s not to say that Filipinos are generally illiterate and this is where mishandled finances stem from. The truth is, a good majority of OFWs and Filipino citizens are well-educated. Two of the main reasons for financial illiteracy are the lack of financial income in the first place and the misplacement of funds on wants instead of needs.
The first reason is the direct result of poverty and the problem of a livable wage in the country. If workers who live on daily wages can barely scrape enough money for three meals a day, investments and savings are out of the picture.
For OFWs and migrant Filipinos, it is mostly the latter reason that fails to give them a stable and secure financial status even after decades of toiling abroad. Many OFWs are not well-informed about proper money management and potential investment opportunities so they end up spending more than they are earning.
There are many other reasons why OFWs and migrant Filipinos often struggle financially despite earning in currencies larger than the value of the Philippine Peso in the global market. Guest speaker and financial advisor Pastor Dan Calingasan listed three:
The first reason for the financial struggle is emotional blackmail from the people close to you. If you are an OFW and have to support an entire family, of course, their needs come first, but sometimes, so do their wants. Balikbayan boxes with expensive shoes, clothes, bags, chocolates, gadgets, and many non-essentials take up a substantial amount of an OFWs income.
The same goes for instant gratification and celebration. More often than not, according to Pastor Dan, when OFWs first get a taste of their salaries, they go out to celebrate and buy something expensive instead of saving money. There’s nothing wrong with treating one’s self every once in a while but make sure that the instant gratification is not out of budget.
And the third reason, quitters who immediately hop from one job to another because they refuse to work hard for financial stability. Managers and executives aren’t born; they are trained and they work their way up from being an average employee to being an exceptional person at their job, or even quitting to build their own companies. OFWs cannot and should not expect to get rich by simply doing next to nothing.
According to Pastor Dan, many OFWs and migrant Filipinos are “allergic to money, […] they want to spend the money the moment they have it on the palm of their hands.” This is where a financially illiterate person and a business-thinker differ: the former sees money as something to spend while the latter sees money as means for capital that can be multiplied with enough opportunities and strategies.
Financial stability isn’t exactly linear and one opportunity may come along ahead of the other. After all, there is no perfect formula to success but starting small, such as with real estate investments, is a great step in putting your money where it can grow. OFW investors who have been doing investments for quite some time know the risks and rewards of certain assets. The important thing is to start and to start today.
Comes from salary, commission, and business profit; typical type of income for most OFW and Filipino citizens
Gained from rental profit, big business profit; income generated by landlords and company or business owners
ROIs of stocks, mutual funds, treasury bills, bonds; return of investments for investors in the stock market
OFWs may have one or two or all three of these incomes but it still does not guarantee financial stability. The main point of turning income into investment is to generate profit. More income that goes into investment means more possible profit but not guaranteed, mind you, as it is still up to your financial strategy to make this happen. The basic formula should be to turn salary into investments and then investments into generating more income and back again.
The way out of poverty and financial struggle is a long and hard road to walk. Apart from financial literacy, OFW and migrant Filipinos must also visualize what they want for the future and set up goals to achieve these visions. Setting up a timeline may help you see a linear progression towards your goals.
It is important to start setting up your goals early on in life, as soon as you start getting income. Remember that the value of money goes down while the value of investments goes up. Time can only be a friend in terms of investments such as real estate assets and the stock market. There are three progressing stages to think about on the road to building up personal financial stability:
As early as is financially possible, OFW investors should look into real estate investment. These include residential, commercial, houses, and lots for sale. The reason why real estate assets are effective is that most, if not all, Philippine real estate properties tend to appreciate over time. They can make double to triple Return of Investment depending on the buying and selling in the market. Real estate assets can also be used as collateral to raise capital for other investments.
Age: Early 20s until mid-30s
When OFWs with property investments in the Philippines have started to gain their ROIs, they can now start looking into business assets. This means venturing into capital-churning markets like products and services. OFW investors might want to look into hotels and restaurants as they are some of the most in-demand services and will more than likely receive good profit depending on the success of the business. Business assets will also help OFWs connect and expand their social network for potential business partners and opportunities.
Age: 30s to late 50s
As OFWs and migrant Filipino investors start to reach retirement age, it is important to secure the financial assets they have gained throughout their lives. They may want to look into buying and selling company stocks and capital. These kinds of investments go on for a long time and can be bought and sold at certain peak points in their respective markets. It isn’t a fail-safe option but it is a secure investment and can be left as a legacy to the OFW’s family or next of kin.
Age: Retirement age
For many OFWs and migrant Filipinos with investments, the main goal is usually financial independence and freedom. That term is loosely used as it can have varying meanings. Whether you are on the path to starting investments or already building up a hefty portfolio, here are some tips that could help:
For young OFWs, it is imperative to create and stick to a budget. While you are young, it is good to manage finances wisely by making sure not to overspend. Always prioritize needs over wants; utilities over extraneous expenses. This can be done in several ways — open separate accounts or do it the old school way and use labeled envelopes where you can keep track of the money you are allowed to spend for that particular need or want.
OFWs and migrant Filipino workers hear this all the time, and it is even mentioned during their Pre-Departure Orientation Seminars (PDOS), but saving might save your life. In reality, OFW employment is a precarious thing — you can be employed today and sent back home the next. It is best to set aside a substantial amount of your hard-earned money for emergency purposes such as sudden job loss, medical reasons, and other out-of-budget expenses. Your future self will thank you for this backup plan.
In recent years, pyramid schemes have seen a sudden rise in popularity. These are investment frauds that many OFWs have unfortunately been victims of unwittingly. They promise a quick ROI if you invest a certain amount of money, usually without any preamble on how or where the money goes and is being multiplied. OFW investors should steer clear of these schemes and instead look into legitimate investments such as real estate assets and business ventures. Always know your option before betting good money on it.
While building up an investment portfolio is undoubtedly a good plan while you are still hard at work abroad, treating investments as an alternative instead of a backup plan is a good change in perspective. Don’t think of investing as an after-thought that would save you in times of financial crises, but instead think of it as another equally important source of income. The change in mindset might make you a certified OFW investor as you start purposely setting aside a good portion of your income to build up investments instead of only investing what’s left of your money.
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PiTaKa or Pinansyal na Talino at Kaalaman is a financial literacy initiative of the Bangko Sentral ng Pilipinas in partnership with the Overseas Workers Welfare Administration (OWWA) and the BDO Foundation. It is now a requirement for every OFW as part of their Pre-Departure and Post-Arrival Orientation Seminars (PDOS and PAOS). This is a good opportunity to hone your financial management capabilities. The program aims to help OFWs and migrant Filipinos learn more about finance and at the same time understand their importance to the country’s economy.
From this article alone, you may have gleaned that financial literacy is important. It is not only a necessity for OFWs but for every person out there who wants to generate more income and live a financially dependent life. However, financial literacy for OFWs can have a whole new meaning because of the amount of income they receive in exchange for their service.
If they gain good money for their hard work, it does not have to be an endless cycle of work, earn, spend, repeat. It can be work for a few years, make wise and effective financial decisions, retire and enjoy your financial assets with your family.
No need to shell out millions in one go. You can begin investing with baby steps, and the best way to build your portfolio? Start with real estate investments. Vistaland International is the country’s premier homebuilder. The company provides Filipinos with more than just houses and lots for sale, VIMI is here to aid OFWs and migrant Filipinos with opportunities to start a life of financial independence and success. Head on over to www.vistalandinternational.com for more content like these, plus updates and the latest trending news catered to Filipinos all over the globe.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
Generational wealth and financial leverage are the top reasons why most people invest in real estate properties compared to other investment vehicles. For starters, you can put your money into affordable house and lot properties or pre-selling condo units because of their low selling price.
There’s a common misconception that house and lot or condominium units should be the last choice of investment for Filipinos due to its pricey amortization. You’ll be more ready and at peace if you are a young professional or starting entrepreneur and have secured your first investment on real estate.
As real estate properties are tangible and can be legally owned, house-and-lot and condominiums are perfect assets for inheritance to your children. It can also be mortgaged as collateral if you need additional funds.
Here are the reasons why OFWs and migrant Filipinos should invest in affordable house-and-lots or condominiums as one of their first investments.
For seasoned investors, part of their portfolio are investment vehicles offered by the government, large corporations, and banks. These are government and corporate bonds, mutual and trusts funds, and stocks to mention a few. Foreign currency, oil, antique collections, and gold trading are also another set of investment options.
Filipino investors scrutinize the volatility and risk level of every investment and periodically monitor it to make sure that their funds are consistently growing.
Most Filipino investors also put up a business to make a profit from their hard-earned money. Some consider selling products via networking as a business investment. But since most of us novice investors aren’t like the professionals who have more experience and knowledge about business operations, tend to easily give up. New business players are not capable of the maintenance of a business that we thrive to establish.
Some aspiring young and starting investors can’t easily maintain a start-up business since their finances are not yet ready for a substantial amount of expenses and possible losses. If you don’t have other sources of income and you plan on paying your expenses from your daily profit, your business might eventually run out of funds. This dilemma is evident since the pandemic greatly affected different kinds of businesses all over the Philippines.
Due to the health protocol and the government’s community quarantine policies, most non-essential businesses can’t operate regularly. Food and restaurant businesses are limited for deliveries, take-out orders, and alfresco or dine-in in an open area. That is why most entrepreneurs shut down their business and divert into online selling to keep up with their expenses.
Real estate investors who started early have already gained so much. Those who started investing 10 years ago have already earned their profit. Those who invested 20 years ago doubled or tripled their investment capital. There is no magic or secret in real estate investing. Both house and lot and condominiums have this growth potential component if done correctly.
One of the most prominent advantages having real estate as your first investment is it’s physical characteristics. Unlike other investment vehicles, house and lot investment and condominiums are tangible and visible. You can see and touch the property and you can also declare ownership over it. Real estate investments are issued a certificate of title from the government written with your name and or your spouse. The description is also annotated in the title to verify the authenticity of your ownership.
You can have the property improved, furnished, or simply leave it as is. You can assign a caretaker to look over it and you can make it rented or leased if you want to enjoy a passive income. The good thing about real estate investment is you have control over whatever you’d like to do with your property as part of your rights as an investor.
Aside from return on investments and liquidity, the main purpose of considering real estate as your first investment is to grow your financial capacity. Real estate investments have the multi-income potential for your gain. Before, affordable house and lot units in Rizal were priced at half a million pesos. Today, a 36 square meter bungalow home is priced at two million pesos. Starting prices for condominiums for sale in Manila before were at 1.6 million. Today, with the rapid growth of condo developments in the Philippines, a studio condo unit for sale is priced at least 4 million.
Value appreciation of real estate is continuous. Once a subdivision development is established in one area, it means another opportunity for other developers. Industrial, commercial, and residential growth is one of the important bases of property appraisal. Improvement or development in the area means an increase in the appraisal of property value. That is why developers increase their unit price for every milestone of their project.
One of the golden rules in investment is to measure its returns. OFWs and migrant Filipinos can have it rented out at a price that can cover their monthly amortization if they acquire it through loans. On the other hand, there are also areas where rental payments are more than what you need to pay the monthly amortization.
Aside from the reason that real estate investments are self-liquidating, they can also provide passive income as your additional fund if you are running a business.
Based on the average rental rate posted in Rentpad, the rental amount near Quezon City ranges from P15,000 to P16,000 for a studio unit where amortization for a 1.6M loan is at only close to 13,000 for a 20-year term with 7% interest per annum.
A 3 bedroom house and lot for sale in Cavite can be rented between P20,000 to P25,000 with amortization of P23,000 for a 3 million loan for 20 years. Due to value appreciation, even if you don’t want to lease your house and lot or condominium unit, you are still gaining from value appreciation of your first investment property. Other real estate investors want to keep their investment for their vacation home or as transient units.
Lastly, one of the advantages of investing in real estate is to raise more funds for another business or another property purchase. If the title is with the owner already and has paid the whole obligation or has settled most of the total payment, the property owner of the house and lot or condominium can mortgage it for at least 80% of the unit value.
Think about this, your tenant will be paying for your loan since your tenant is paying you monthly rental income. It is not magic, it is a trading practice of several experienced Filipino real estate investors.
With the four mentioned advantages of real estate investment, it is surely the best investment every Filipino should have. You can acquire more real estate properties or you can try other investment vehicles to broaden your portfolio. This is a solid income generating asset with continuous growth from rental income, value appreciation, and additional funds on a mortgage. Once you have completely settled the monthly bills for this type of investment, you’ll surely have peace of mind and security.
Real estate should be one of the first investments every OFW and migrant Filipino should have. Companies like Vista Land International have several homes and condo units in the Philippines to choose from. Vista Land International has a global network of real estate salespersons and brokers that OFWs can easily reach out to. Send us a message today!
by Zaldy Cabrera
Vista Land International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Ready to get started on your first investment property? Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
Do you often think of your home in the Philippines and miss certain things such as the rhythm and vibe of your city, the taste of local delicacies, the way you’d greet your friends in your native tongue, and just the mere experience of waking up in your home again?
Aside from worrying about their families back home, homesickness is what OFWs and migrant Filipinos often feel while living abroad. Especially for first-time OFWs who haven’t yet experienced living alone and away from their families. And with the COVID-19 travel protocols in place, OFWs opted to stay in their countries for safety reasons.
It’s easy to get attracted to the idea of living independently in another country. You’d be excited to immerse yourself in a new culture, learn another language, meet new people, and taste foreign cuisines. But in the middle of all these adventures, you’d find yourself yearning for things that could only be found back home.
Some Filipinos overlook the cost of living, culture, and societal norms when looking for a country to work in and it often catches them by surprise. When the excitement has simmered down and the harsh reality finally sinks in, it can be quite overwhelming to feel lonely, stressed out, and homesick all at once. This is why OFWs should have a healthy support system in place.
When you’re wallowing in homesickness, remember to remain calm and don’t panic. Most people start to pack up and leave within a few months. But remember your goal and reason why you came to work in another country. Whether it’s to buy real estate properties in the Philippines or just to simply provide for your family’s needs, OFWs should always remember their personal goals as their daily motivation to work hard. Feeling homesick is natural, even for OFWs who have been working abroad for several years already. While it may be natural, the prolonged stress can affect our mental, emotional, spiritual, and physical well-being.
Whether it’s your first-time to work overseas or you’ve been working abroad for several years, here are a few techniques in combating nostalgia abroad.
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Communicating regularly to your family back home in the Philippines can help relieve the stress and anxiety. Exchanging stories, asking them about what they need at home, or a simple kamustahan with your friends over video call can instantly make your day better. Share your feelings too. Let them know how you’re settling in, if you’re okay or not okay, and especially if you’re sick. It’s important to let them know your overall well-being just in case anything happens to you.
Always keep your connections with your loved ones open and active. You may not be there for them physically, but the mere act of checking up on them virtually can also make their day better too.
Schedule a video call with them once a week or at least twice a month. It’s also important not to wholly depend on them for interactions. Make friends with your fellow OFWs and migrant Filipinos. For sure, they feel homesick as well and they may also need someone to talk to.
Accepting your new life and embracing change is the first step to overcome nostalgia. Moving to another country takes a lot of emotional energy. Set boundaries and expectations for yourself and accept that homesickness is a natural part of the journey as a migrant Filipino worker.
Denying and burying feelings is only going to make matters worse. It’s important to acknowledge that you’re going through a homesick phase and you need time to recuperate.
Exercise is a great coping mechanism for migrant workers. Regular exercise not just controls your weight but also improves your mental health and mood. Your body releases certain chemicals during exercise which can make you feel more relaxed and elevated. Go for daily jogs, yoga, or a simple 15 minute exercise in the morning.
Conversely, eating unhealthy food on a daily basis affects your mental state as well. It’s tempting to order in fast food restaurants after a long stressful day at work. But, you may want to cut down processed food and unhealthy snacks to protect your physical health. Remember that you’re living alone and it’s going to be difficult taking care of yourself.
Make a new home away from your home in the Philippines. One of the things you can do when you’re feeling homesick is to go sight-seeing. Discovering new places where you feel comfortable is essential in overcoming bouts of homesickness and understanding their culture better. Create a bucket list of places you want to visit and experience during your free time. This way, you have something to look forward to.
Culture shock may also happen to OFWs who are still trying to grasp their environment. When you’re in a new setting, it’s completely normal to feel culture shock. A healthy way to cope with this is to keep an open mind about their norms and respect them. Living a new lifestyle abroad doesn’t mean distancing yourself from your roots. Change is inevitable when you’re a migrant worker.
Joining local groups and attending events can help you take your mind off things. When you’ve befriended your neighbors, they can pinpoint the best spots in the city and even take you there for a day tour. You can also volunteer at local organizations during your day-off to keep yourself busy.
What’s important is you go out and socialize with other people you can have fun with. Getting to know the locals and your neighbors can help you understand how things work around the neighborhood and broaden your horizons.
There’s no shame in seeking professional help. Remember that in your journey abroad, you are not alone. You can always ask for help and support back home in the Philippines even though you’re thousands of miles away from your loved ones and in another timezone.
Missing your family doesn’t mean you’ve made a mistake. Because they’re important to you, it’s natural to yearn for their voice and physical touch. It means you need to check-in with yourself and know the root of your problems.
Everyone has their own way of overcoming homesickness. And it’s not something you can rush. It’s a slow process that takes time in getting used to. You just have to keep in mind that it’s a reasonable reaction to change brought about by moving into a whole new place.
Companies like Vista Land International set-up virtual events that OFWs and migrant Filipinos can actively participate in. Aside from offering real estate investments in their webinars, Vistaland International also ensures that OFWs are well educated in financial literacy and the Philippines real estate industry. Read more of our blogs to learn about OFW property investments and lifestyle tips.
Are you an OFW looking for additional income? Click here to join our global network of real estate salespersons!
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
As the world continues its battle against the coronavirus pandemic, OFW and migrant Filipinos are just as affected in the hundreds of countries they are staying in, even inside the comforts of their homes. Some more than others as a surge of cases have been seen in countries like India, Brazil, the United States, and our very own, the Philippines.
In late 2019, an outbreak of the infectious viral disease first occurred in Wuhan, China. It was not immediately contained and many travelers in and out of that area who were infected traveled back to hundreds of places, thus spreading the respiratory disease. Millions of Filipinos were not prepared for a lockdown that would turn out to be a lengthy one, spanning over a year. Leaving the house was not allowed and many did not know what to do during this quarantine period.
It was only in late January 2020 when the World Health Organization (WHO) declared the outbreak a Public Health Emergency of International Concern (PHEIC). By then, it was already too late as some countries were taken aback and were not equipped to immediately close off borders, halt travels, and impost strict travel guidelines.
A year after, most of the world is still in a precarious position. While several vaccines have been approved for public use, access to them is still limited because the high demand is not equal to the available supply. Travel was completely banned in some countries in the first few months of quarantine. However, closing off borders was not a sustainable solution as the economy continued to halt and eventually decline. A few countries then started allowing travel but only for those who were medically cleared to do so or had priority business overseas.
More months passed and now a good number of countries have finally lifted their bans on traveling but only under the condition that travelers adhere to public safety protocols. If you are an OFW or migrant Filipino planning on returning home to the Philippines, read on to know more about what you should expect before traveling.
The Department of Foreign Affairs (DFA) has released guidelines for OFW and migrant Filipinos traveling into the country last February 1, 2021. As of writing, these guidelines are still in place. All international passengers arriving at Ninoy Aquino International Airport (NAIA) will follow the latest travel safety protocols implemented by the Inter-Agency Task Force for Emerging and Infectious Diseases (IATF-EID).
No matter your business in the country, whether you are an OFW investor, businessperson, or simply going home to see family, as long as you are a Filipino international passenger, you will be allowed entry into the country. There are two categories for travelers: OFWs and ROFs.
OFWs or Overseas Filipino Workers are people who left the country to pursue work or a career abroad. International students, tourists, and Balikbayans are often considered as non-OFWs or ROFs (Returning Overseas Filipinos). For this article, detailed OFW travel guidelines as published by the DFA will be listed below.
While following all of these protocols, don’t forget to also follow the basic public safety guidelines for containing the spread of the virus. Keep your masks and face shields or eye protection on, wash your hands regularly, avoid touching your face before disinfecting your hands, use footbaths when available, and minimize contact by maintaining social distancing at all times.
As part of the efforts by the World Health Organization to curb the spread of COVID-19, there are Public Health Advisories that have been issued over the past year. Some of these advisories have been adapted by countries and modified to fit their citizens’ needs and safety. In the Philippines, the Department of Health (DOH) is in charge of public safety protocols and the overall COVID-19 response of the country.
Symptoms
Some of the most common symptoms of being infected with the virus are:
Other less common symptoms include conjunctivitis, migraines, sore throat, diarrhea, and other digestive problems. More serious symptoms are difficulty in breathing, shortness of breath, chest pains, loss of speech or movement, and low oxygen levels.
If you are experiencing one or more serious symptoms, seek immediate help. The DOH has launched the One Covid Referral Center which you can call at 1555 or 0919-977-3333 or 0915-777-7777 or 886-505-00.
For those who are outside of Metro Manila, contact your Local Government Unit or the nearest medical care facility. Above all, do not panic. Try to stay calm if you feel if you have been infected. Let your immediate family and friends know about your condition so they can keep tabs on you and help get you the medical attention you may need.
According to the U.S. Center for Disease Control and Prevention (CDC), the virus is a respiratory illness that is spread via respiratory droplets when sneezing or coughing. Once you inhale these infected droplets, you are immediately susceptible to infection. The most effective way of preventing infection is wearing a mask at all times and making sure your hands are clean and sanitized after touching possibly infected surfaces.
Other safety protocols that you should also keep in mind include:
If you are an OFW or migrant Filipino and have traveled internationally before going back to the country, it is of the utmost important that you follow the implemented travel guidelines and protocols. If you are traveling in a family group, note that if any of you are classified as an OFW, then your entire family is considered as OFWs. Once you have finished the mandated quarantine period, stay vigilant for possible late symptoms and keep observing public safety protocols.
Most importantly, stay informed. As the pandemic continues, it is important that you know what is happening in your immediate surroundings. There are free apps that keep track of hotspots for numbers of infected persons. Try to keep track by watching or reading the news and looking out for the latest updates.
For OFWs and migrant Filipinos coming home, you may want to take advantage of being in the country and start your real estate investments. For more details, head on over at www.vistalandinternational.com and browse the website for all the latest on OFW investments and real estate assets in the Philippines. As the premiere and largest homebuilder in the country, Vistaland International provides more than just house and lot properties in the Philippines for OFW investors. VIMI also updates OFWs and migrant Filipinos with the latest news and timely trending topics that can be accessed and shared through their website’s blogs.
Vista Land International Marketing, Inc. (VIMI) is the international marketing division of Vista Land & Lifescapes. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
Investing in condo properties can be a smart way to build wealth and secure your financial future. Condos are typically more affordable than single-family homes, and they offer a number of other benefits that make them attractive investments. Not only that, but the long list benefits of investing in condo properties isn’t something that should be looked over. If you are waiting for a sign to invest in a condo unit, then this is your go signal!
Over the recent years, the Philippines’ real estate market has seen significant growth and maintained stability. Though more than a couple of economic crises have hit the country, this particular industry has not slowed down much, in terms of investment value, even when compared to international markets. In fact, real estate investments such as house and lots, apartments, townhouses, and condominium properties have steadily sustained many Filipino families over the years. Now, the demand for land and property is seeing a boom. Most of this is thanks to the rise of BPO companies, technology hubs, and space rentals, both for private properties and government-owned lands.
There is a continuing surge of buyers, investors, and sellers for real estate not just in prime cities of the country, but even in urban islands all over the archipelago. There are also a few other factors correlated to the continuing success of this market. Many OFWs and migrant Filipinos investors and foreign investors are drawn by the tourism potential of the country. There is also the demand for living spaces as the urban population grows, as well as development projects initiated by both local and national governments.
It doesn’t take a professional economist to verify this; simply take in the growing numbers of construction sites for soon-to-rise condominiums, residential areas, warehouses, public spaces, commercial buildings, and many others in and out of your hometown. So many areas are being primed for development, and the numbers are growing by the year.
OFW Condo Property Investment at Camella Manors Bacolod – The Olvera
With real estate investments on the rise, more and more OFWs are looking for property in the Philippines. They find themselves interested in investing in a house or living space that represents them on a personal and interpersonal level if it will someday become their home. On the other hand, many OFW investors are looking for these spaces to rent out, flip, or simply wait until their value appreciates before selling.
One of the most in-demand real estate investments nowadays? Condominium properties in many commercial areas across the country. While many Filipinos prefer house and lots for sale for their own homes, there are also those who enjoy urban living in high-rise condo units.
Not surprisingly, the demand for buying property in the Philippines is only going to increase in the coming years. Foreign investors are still flocking into the country every year. Many local and multinational companies are also planning and executing annual expansions. And, of course, there are many OFWs interested in buying condos for sale in the Philippines for either business or personal use in commercial and tourist areas.
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The increasing urbanization draws more people from the countryside to move into bigger cities for more job opportunities. In turn, temporary housing has become the norm for many working-class Filipinos. For property investors, this is their chance to widen their real estate assets. As a result, there has been a notable increase in the demand for condo properties in recent years.
For OFWs who have or are thinking of property investment in the Philippines, this is great news. It means having another source of income and revenue even if they are not in the country. Buying a condo unit in the Philippines can be a much cheaper option for long-term investments compared to house and lots and other types of residential property. Though it is hardly a small purchase, there are many benefits to investing in condo properties.
Condo units in Manila and other highly urbanized cities are bound to only get more expensive in terms of acquisition and rental in the future. One of the main reasons for this is the prime location of the property. If it attracts businesses, businesses can attract people. If you are a long-time OFW investor, you know that even if you leave the property alone, its value will tend to increase naturally over time. This happens when the investment is solid and the property itself is prime for the market.
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OFW investments are usually, if not always, intended to gain a return of investment. If the property is intended for rentals, the cost of condos for rent in the Philippines still varies. Rental fees tend to rise depending on the economic growth of the surrounding area. The price range also depends on the location and the amenities available to tenants. This leads to not just a steady but also higher cash flow for you as the property owner, after paying off loans (if any) and taxes, of course.
OFW Condo Properties at Camella Northpoint Davao
One of the main reasons for this choice of property investment is that condos are significantly cheaper compared to house and lots. While investors won’t own the land of the building where their unit is in, the condo itself is considered their property. Kind of like independently owning a big room in a huge house.
An investor can also possibly double profit and gain via a buy-and-hold strategy. Buying low and selling high is akin to collecting antiques and limited edition items. The same principle applies when OFWs buy condos for sale in the Philippines. A good condo unit that has all the advantages of location and size can easily sell up to five times its original value, depending on the market’s appreciation value.
OFW Condo Properties for Sale in Las Pinas | CoHo The Hermosa
As a property investor, you want to put your money where there are low risks and high rewards. While it’s already been established the properties like condominiums only tend to appreciate over time, there is also the matter of maintaining the property. Ensuring it is in tip-top shape is important if you plan on renting it out or selling it at a higher price.
Many developers include a maintenance fee when selling out units. This fee goes to making sure the entire building is clean, in working order, and suitable for tenants living there. This includes security measures like front desk employees who only allow tenants in the building and security guards to ensure everyone’s safety.
Maintenance service can also include annual checking of plumbing, lights, and electrical wirings inside every unit. It may not be noticeable at first, but the cost of maintenance for long-term properties is quite high. With condo properties, investors won’t have to worry if maintenance fees are included in your payment dues.
OFW Condo Units for Sale in Las Pinas | CoHo The Hermosa
OFWs with real estate investment in the Philippines can also stabilize investment portfolios when investing in condo properties. The value of stocks, mutual funds, and similar equities fluctuate and can go up and down based on the ever-changing conditions of the market. To counter the effects of these unpredictable fluctuations, a non-liquid investment, such as a real estate property can even it out.
As mentioned before, the value of real estate properties like condominiums, houses and lots, and farm estates appreciate over time. Thus, these investments are pretty much stable and low-risk. In times where the value of stocks and mutual funds go down, the value of a condo property is likely to remain the same, thus keeping the OFW investor from losing a great deal of assets or money.
OFW Condo Units for Sale in Baguio | Vista Pinehill Baguio
While not entirely an uncommon practice, OFW and migrant Filipinos may also want to own a condo property to serve as a vacation home when they are in the country. In big cities like Manila and Cebu, acquiring property in the middle of the metropolis means getting access to malls, government offices, and airports a lot faster.
If the OFW investor originally lives in provinces or still-developing towns and areas, they may want to look into buying a condo unit in the bigger cities of the Philippines. This can be a place they can go to if they want to be nearer to commercial areas for business or personal reasons. If nothing else, the condo property can be a safe haven for family staycations and get-togethers.
Who Can Invest in Condo Properties in the Philippines?
One of the better aspects of Philippine real estate is its accommodation to investors from all walks of life. As long as you meet the developer or a broker’s requirements, you could be qualified to be a property owner. So who can become real estate investors in the country?
Note that if you are a foreigner, buying condominium units or private residential houses is permissible but owning land where the property is built is not. Even then, these foreign-owned properties are subject and limited to only 40% of the total ownership, under the Foreign Investment Act of 1991 or Republic Act No. 7042.
Where Can OFWs Find Condos for Sale in the Philippines?
While the demand for condo properties continues to skyrocket, developers are doing their best to catch up. There are hundreds of soon-to-rise condominiums all over the country, especially in many developing cities. Is this a good thing? Depends on who you ask, but for OFWs with investment interests and plans, this is assuredly great news. It means they can take their pick on which developer to trust and invest in.
Among the top most trusted, not to mention the largest, homebuilder in the Philippines is Vistaland International. With thousands of real estate developments in most parts of the country, they offer a wide range of properties to choose from.
If condo properties aren’t your target, Vista Land also offers residential homes, townhouses, and many other types of land property in the Philippines. You can learn more by visiting their website at www.vistalandinternational.com or any of their social media pages.
Final Thoughts
Admittedly, there are pros and cons to investing in condo properties, just like in any business venture out there. The truth of it is that it does not all boil down to luck when it comes to investments. For your venture to succeed, you need to first, make smart decisions, especially regarding finances. You want to make more than you lose, after all.
Hard work and dedication are also vital traits to success. Developing, improving, managing, and eventually selling properties take a lot of hard multi-tasking that require focus and attention. It also requires networking with fellow investors to make a name for yourself and build up a reputation of legitimacy and trustworthiness.
Patience is another must-have virtue. Real estate investments like buying condo properties in the Philippines take time before they churn out profits. It can be months up to years before you really see your investment and property steadily provide cash flow and profit.
Overall, investment in condo properties is a risk-and-return venture. Yes, you will likely reap what you sow, but plant smarter and you’ll be able to harvest twice, thrice, maybe even four times as much. With the right amount of due diligence, you can study the market, assess your needs, pick out the best developers, and then make your purchase.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
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