For a real estate investment, a common method is to buy a parcel of land and then build an apartment; the passive income generation depends on the location and services or amenities offered in the area.
For a real estate end use, buying a parcel of land with or without a house is for the sole purpose of providing shelter or home for a family especially for the starting one.
The best option for a person looking for a parcel of land is to find a location where he or she could have the opportunity of obtaining both the real estate investment and real estate end use.
I have found a parcel of land located in Lipa City approximately 1,600 square meters with a house already built right near the middle, and its measurements follow feng shui for those who adhere to it. It has a frontage and is slightly sloped going to the back of the property.
The house is approximately 160 square meters with two basements, three bedrooms and three restrooms. The mother of the siblings was a believer of the luck from feng shui so she had the house designed following its precepts.
The general location of the property is near major thoroughfares making it very accessible to a family's basic needs.
Going back to my statement, the location and size of the property is conducive for both investment and end-use real estate. One may choose to renovate the existing house or build apartments near the frontage, the back part being more suited for small agricultural piece.
As a licensed real estate appraiser, I have appraised the property at Php 6.5 million pesos which was agreed upon by the owners and is still open for negotiations.
For further inquiries please do contact me at 09479904637 and 09275639713 or through my e-mail friedrich.henry21@gmail,com
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