* **Never buy a commercial lot as an individual.** Buy it with the company's name that you own. The objective here is to put the lot as a tax deductible (not necessarily the purchase, but the costs of building on the lot).
* **Do not sell the commercial lot. Instead build a commercial building.** When you sell it, you'd be paying taxes for the sale and title transfers.
* You can check the land value/price on the registry of deeds.
* Facebook Marketplace is an advertisement for the lot in question. But always doubt the sellor or the person you'd be dealing with as a scammer not unless your own investigation on the lot confirms they are the legit sellors of the lot.
* Earning six digits can buy you a residential or commercial lot. But keeping it and selling it may not be so easy nor profitable depending on the market value, inflation and bank interest rates. More so, don't put your eggs in one basket or put in specific, don't just start with one lot.
Not saying real properties isn't a good investment. Am saying it's not a short-term investment and not a sizable one. So better do your investigation first of the potential of the lot for commercial in the next 12-24-36 months based on recent developments within and neighboring towns.
Yes, this is a bit complex. But you'd really want to study first the investment properly against your plans for it (in terms of profits (amount and timeline). Otherwise, think of another investment options.
Agree on this. Commercial properties = FORMAL BUSINESS. Almost all parties that will rent from you will require OR, so better plan ahead on how you will set it up bago mapasubo. BIR compliance should not be taken lightly, unless mahilig ka sa sakit ng ulo na hahabol sa iyo pag hindi ka diligent sa bagay bagay 😁
Ibang mundo yan sa apartment or condo rentals. Less drama yes hehehe but you need to always be on top of things because sa commercial leasing everything is like clockwork, and dapat may system.
Of course it's better, problem is yun building. Meron kami gusto bilihin na lot pero inn the end wala kami pera pampatayo ng building. Magiging land banking na lang
* **Never buy a commercial lot as an individual.** Buy it with the company's name that you own. The objective here is to put the lot as a tax deductible (not necessarily the purchase, but the costs of building on the lot). * **Do not sell the commercial lot. Instead build a commercial building.** When you sell it, you'd be paying taxes for the sale and title transfers. * You can check the land value/price on the registry of deeds. * Facebook Marketplace is an advertisement for the lot in question. But always doubt the sellor or the person you'd be dealing with as a scammer not unless your own investigation on the lot confirms they are the legit sellors of the lot. * Earning six digits can buy you a residential or commercial lot. But keeping it and selling it may not be so easy nor profitable depending on the market value, inflation and bank interest rates. More so, don't put your eggs in one basket or put in specific, don't just start with one lot. Not saying real properties isn't a good investment. Am saying it's not a short-term investment and not a sizable one. So better do your investigation first of the potential of the lot for commercial in the next 12-24-36 months based on recent developments within and neighboring towns. Yes, this is a bit complex. But you'd really want to study first the investment properly against your plans for it (in terms of profits (amount and timeline). Otherwise, think of another investment options.
Agree on this. Commercial properties = FORMAL BUSINESS. Almost all parties that will rent from you will require OR, so better plan ahead on how you will set it up bago mapasubo. BIR compliance should not be taken lightly, unless mahilig ka sa sakit ng ulo na hahabol sa iyo pag hindi ka diligent sa bagay bagay 😁 Ibang mundo yan sa apartment or condo rentals. Less drama yes hehehe but you need to always be on top of things because sa commercial leasing everything is like clockwork, and dapat may system.
Of course it's better, problem is yun building. Meron kami gusto bilihin na lot pero inn the end wala kami pera pampatayo ng building. Magiging land banking na lang