My bestfriend and his fiancee here at Urban Deca Towers Edsa.
He is one of the lucky people who got a unit here at P1.2M only, paying a down payment of P4k per month in 24 months.
After moving in sometime this January 2018, his monthly payment became P10k per month thru In-House financing.
Once approved in PagIBIG financing, his monthly payments would be around P6k per month only!
Because now he is working in Ortigas area, he enjoys the view (Ortigas-Antipolo skyline) with direct view of SM Fame Residences' amenities paying at P10k per month but once he starts working abroad and be approved thru PagIBIG financing soon, he could enjoy a hefty passive income!
The usual rental rate now is around P13k - P14k per month without television, refrigerator, water filter and an extra table but his unit contain all of them.
He already knows the ins and outs of rental properties since their existing house is rented out to bedspacers working in Mall of Asia and Pasay area.
So when the time comes, his cash flow would be P9,000 @ P15,000 monthly rent!! That's an extra amount that can be invested again to another property (which he said that he'll do again).
Then the P1.1M balance will be paid thru by his tenants! He can sell the unit that his tenant paid for!!
But what if decided to put his unit to Airbnb? The going rate is P1,000 per day and that would be P 30,000 per month!!
Just a thought passed on my mind just now.
I'm just glad he trusted me with this one and now enjoys.
His only regret, he should have invested at least 2 more properties here before...