Investing can be a daunting task, especially for those who are new to it. 😓💢
With so much information readily available online, it can be overwhelming to know where to start and what to believe. 👩💻 This was my case at the very beginning. 👉🙋♀️
If you’re just like me, you probably want to start your investing journey but aren’t sure where to begin. This #PodcastOfTheWeek is a great resource to get started. 🎧
I heard important quotes like “Never invest in something you don’t know” and “When investing in something that doesn’t have a guaranteed return, that is Speculation,” but unfortunately, I learned these lessons the hard way. 🤦♀️💸
As I aimed to grow my investment portfolio, I considered investing in rental properties for cash flow. However, before diving in, I wanted to know more about the real estate market in the Philippines.
I looked for real estate podcasts, but to my dismay, most of them were from real estate agents or brokerage companies that focused on getting people to buy a property from them rather than providing useful information for those who wanted to invest. 🏡💰
Thankfully, I came across “The Hows of Housing,” which was the best local housing podcast I could find so far. 💯 Although it focused on educating people who wanted to buy a house to live in rather than to rent out, it still provided valuable insights on what to know before buying a property and the laws surrounding the documents involved. 📃
Podcast: Puma Podcast
The Hows of Housing: How do I avoid being short-changed when buying a property?
Host: Theresa "Tek" Samaniego
My Key Takeaways:
What are the documents you need to secure and understand to buy a property in the Philippines and avoid being short-changed or scammed
Types of Bank loan interest mortgages
What is Interest only mortgage, Fixed rate, and Variable interest rate, Discount rate mortgage, Cap rate mortgage
Advantages and disadvantages of each mortgage type
“If you want to protect your right, then read before you sign.” - Atty. Ma. Soledad Derequito-Mawis
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