When you land a job and start earning your own money in your twenties, you learn how to maximize your monthly salary on certain investments that can generate passive income. And when it comes to investments, there are several products you can start investing in at an early age that would bring immediate cash flow like the stock market, mutual fund, and cryptocurrency.
Then there’s insurance, another type of investment vehicle that covers certain risks in case something bad happens to you. But for those who are the breadwinners of the family, their main goal is to invest in the well-being of their families. They’d prefer to pay the bills and provide for their family’s needs, and it’s nothing to feel bad about. Just because you’re not investing enough cash on certain assets doesn’t mean you’re missing out on your twenties.
But have you ever thought of real estate investments? There are several possibilities when it comes to real estate investing. In this blog, we’ll discuss why investing in real estate early in your twenties can be a huge step to build wealth.
Investing In Real Estate In Your 20s
It’s no secret that when you turn 20, you start to feel the realities of being an adult. You start to think about gaining financial independence, opening a savings account, investing in mutual funds, building an emergency fund, and learning about maintaining a good credit score.
There are also a few that venture into real estate investing at an early age. Young investors can learn a lot through the process. You’ll learn how to properly allocate your money and prioritize your financial future. Investing early in real estate enables you to build your wealth through time. You can simply buy a house and use it as a rental property to pay off the loan. Check this article on why you should invest in real estate today.
Successful real estate investors know that the best time to buy a property is during its pre-selling stage. Real estate properties appreciate in value very significantly.
Benefits of Buying a House In Your 20s
Many investors often recommend real estate as a long-term strategy to maximize your income. And young investors shouldn’t miss the opportunity. While it may not be every adult’s main priority, there are several advantages of investing in real estate at a young age.
Independence and Freedom
Buying your first investment property can teach you how to live independently. Having a space you can call your own teaches you to be self-sufficient and a reliable person. As a young adult, you’ll have to learn how to budget your money and be flexible with your schedule.
Buying your first rental property will help you learn the ins and outs of real estate investing. You can learn about repair work, maintenance included in the price, scams to avoid, and how much it costs to run properties. Many investors learn their lessons the hard way by acquiring bad tenants or dealing with unknown customers. Learning what not to do will help save you time, money, and trouble in the future.
Owning a house will make you financially stable in a way. At least when buying real estate, you won’t have to worry about paying rent or getting evicted when you’re living in an apartment. Moreover, the value of your property is likely to go up as time passes. The right investment can earn you a passive income for life. The financial decisions you make as an adult can have a great impact for you.
If you are new to real estate investing, you should know that houses can double as rental properties that you can earn and save money. If you have a spare room in your house, you can have it rented out to your friends, relatives, or co-workers. Check out our guide to calculating your rental property cash flow here.
Bria Homes: Start Real Estate Investing in Your 20s
Bria Homes is a real estate developer that offers affordable house and lots in the Philippines. Primely located in 40 cities and municipalities all over the Philippines, Bria Homes has 51 affordable house and lot developments. Most real estate investors, especially first-time homebuyers, often prefer to invest in affordable investment properties so that they can save on the down payment. With the low mortgage payments and quality homes, Bria Homes make a good investment property for people in their twenties. Bria Homes offer two-bedroom townhouses and bungalow homes that are good for a real estate investment since you can rent out the other room.
Bria Homes is the perfect match for young professionals since their starting price is only PHP500,000. This affordable price enables them to acquire affordable quality houses for residential use or investment purposes. For a more convenient payment scheme, OFWs and locally employed Filipinos can also choose Pag-IBIG Funding. Check out the Bettina Townhouse and Alecza Single Detached home.
Real Estate Investment in the Philippines
To every Overseas Filipino Worker (OFW) and migrant Filipino who’s looking for a house and lot or condo for sale in the Philippines, Vistaland International Marketing, Inc. (VIMI) has a selection of OFW property investments for you. From socialized housing developments to condominiums for sale in the Philippines, Vistaland International can satisfy the dream of every OFW investor to provide a worthy home to live in.
Vistaland International was primarily created to bring overseas Filipinos closer to their dream of finally acquiring a home in the Philippines. And with the rising cost of living in the country, OFWs and their families are looking for ways to earn extra cash flow to support their daily needs. Luckily, you can also join the global network of Vistaland International as a real estate professional and earn a commission!
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.