What Are You Thinking About?

[EQAddict]

Now im tempted....but still need land with frontage and accessibility......

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[uls]

Now im tempted....but still need land with frontage and accessibility......

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parang inception

once it's planted in your mind, you'll chase it

it will happen

[EQAddict]

I will toast to that!

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[uls]

I will toast to that!

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inception

[EQAddict]

Sheesh....omg

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[falken]

inception

Paradise.[emoji38]

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[Vodka]

I can only think of 2 things.

First, contentment really is THE key.

Second, life on Earth is temporary, so i say quit that job, spend time with your fam, do what you love and raise your middle finger to the corporate world.

with our current technology your life on earth is the only one you've got

those who can rent 50,000 monthly will find a property to buy. how much is the rent?

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these days a 50k rent is just some crappy place not in the prime spots. a crappy place still worth tens of millions, something many lessees can't afford so they end up paying the rent. no choice eh

[BlancNoir]

with our current technology your life on earth is the only one you've got




these days a 50k rent is just some crappy place not in the prime spots. a crappy place still worth tens of millions, something many lessees can't afford so they end up paying the rent. no choice eh

Yeah. I did say temporary lang tayo sa dito sa Earth.

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[minicarph]

Ang hirap kasi ive been trained to be a capitalist all my working life. A mindless capitalist lemming.....

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dyan tayo nagkaiba, kasi ako tinrain ko sarili ko maging isang socialist, social dito social duon, utang dito. basta ang importante may maipagyabang for the next opportunity, it doesnt matter if I earned it or not, basta kelangan mag-survive sa susunod na climb

[uls]

dyan tayo nagkaiba, kasi ako tinrain ko sarili ko maging isang socialist, social dito social duon, utang dito. basta ang importante may maipagyabang for the next opportunity, it doesnt matter if I earned it or not, basta kelangan mag-survive sa susunod na climb

haha

Socialist -- socialize dito socialize doon

[minicarph]

ganito EQ...

you have rental income from properties

that doesn't mean you should just stay home all day

you'd get bored

open a business (that's why they call it busy-ness)

the purpose of the business is so you have something to do everyday

not rely on it to put food on the table coz you got other sources of income that does that for you

since you like cars you can open a car tuning shop

and since you know lots of people with the same interest, you already have potential customers

the business doesn't have to be highly profitable

as long as you make enough to cover cost it's ok

the fun in that is you get to talk with car guys everyday

treat the business as a hobby

*uls, ganito na lang simple simple. sabi ko sayo cash out ka na, say all in all makakakuha ka ng P20M if you dispose or liquidate all your business, properties, assets, funds whatever.

so kung gagastos ka ng P1000 / day sa lakwatsa, so that 1000 x365 = 365000 a year x 10 years P3.65M. eh ilan tao ka na ba? 40? 35? oh let's say you have like 25 years before becoming senior so 365000 x 25 years = P 9,125,000 lang ang gagastushin mo kung mag lakwatsa ka starting now until youre 60. s

so let's say P2000 / day, doublehin natin, by 60, you'll spend 9.125 x 2 = so 18M++, pasok pa din ang cashout mo na P20M. eh pede mo pa lagay yan sa time dep, na say nag-earn lang ng 1% kada year, eh say straight comp na lang, 1% ng 20M is 200K a year x 25 years = P5M.

may extra P5M ka pa.

take note sa P2000 / day, I think pede ka na kumuha ng dalawang batang bata na millennial na girls na makakapagpasaya sayo, basta sa jollibee or mcdo lang kayo kakain, paminsan pakape kape sa starbucks. tapos isang matindeng dinner at night out kada week, pasok sa budget


not bad diba?


pero ikaw pa P20M lang ba yan worth mo, eh importer ka eh, malamang 50M worth mo sa pinaka conservative pa yan. so what's to worry, diba enjoy life na!

---

oo nga I deliberately skipped the overhead part mo, pero utangin mo na lang yun pambayad ng bills. if you have 20M or 50M in the bank, technically, you can loan half of that amount, wag mo na lang sabihen sa bangko plano mo. yun nga lang pano na pag after 60 years old ka na? well you have 25 years of fun and no job to think about it hihihi

[minicarph]

You read my mind. Been trying to do this but i need commercial property which i dont have. If i rent...then am just working for the landlord. Another form of corporate slavery which am trying to get away from. But thats my dream retirement business.

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naisip ko na din yan commercial property nun nag-cash out ako, gusto ko sana nun magtayo ng 3 storey building tapos tipong 5 tenants per floor, pero umatras ako sa CR, sa tubig na lang patay ka, atsaka kung anu ano pa amenities na required para magpa rent ka ng mga commercial tenants. like guards, plumbers, maintenance, cleaners , electrical engineer, admin, collectors. btw, buti nalaman ko kagad na required sa mga admin technicals eh most of the engineers should have PRC license.

para kang si Henry Sy, the poor version of Henry Sy or Ayala nga lang. and for all those thing to be done and provided, just for what? rent money. 5 tenants per floor x 3 floors = 15 tenants. if the ground floor is like 30K per month per tenant, then then 2nd floor is like 20K per month per tenant, and top floor is like 10K per month per tenant. 300K WT!

pero ganyan lang ang rentahan sa mga lugar like lower municipalities like Marikina, Antipolo, Pateros, yun poor side ng Taguig, Caloocan Pasig local highways. wag na lang.

imagine mo naman amilyar nyan, under the train law, the assessment value would be at 50% of the declared value of the property. if the property is at 20M , so 10M ang taxable ng munisipyo, which 1-2% depende sa munisipyo. so 100K-200K amilyar but that's on the lot pa lang ha, ma x2 pa yan kasi the building is also taxable in the same computation, so sabihen na natin ng 400K ang amilyar for a retiring landlord with a 15 door commercial space. tapos 300K per month lang gross, talo ka na ng isang buwan.

and did I mention that VATable pa ang bawat door for rent. tsk tsk.


that literally coverting your money as a sitting duck, waiting for the vultures to prey on it: City hall employees, Fire employees, BIR, bad tenants, robber/ holduppers, and mga mahilig gumamit ng freebies like customers na gamit ng gamit ng CR, aircon etc. ...

[MR_BIG18]

Saw xti again

https://i.postimg.cc/QCT8bSZq/20180921_202826.jpg

Chking if the owner added the 2nd muffler

https://i.postimg.cc/fRhLH4LS/20180921_203539.jpg

Looks like not yet

https://i.postimg.cc/4xJ7Lj4d/Screen...ds_Voyager.jpg






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[MR_BIG18]

You read my mind. Been trying to do this but i need commercial property which i dont have. If i rent...then am just working for the landlord. Another form of corporate slavery which am trying to get away from. But thats my dream retirement business.

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Just this afternoon...i closed a deal with my existing tennant, they have a mini grocery and a 2go/bayad center at our place, kukunin nya yung inalisan ko na office...my asking was 18k...we settled for 15k and a case of coke zero....



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[EQAddict]

naisip ko na din yan commercial property nun nag-cash out ako, gusto ko sana nun magtayo ng 3 storey building tapos tipong 5 tenants per floor, pero umatras ako sa CR, sa tubig na lang patay ka, atsaka kung anu ano pa amenities na required para magpa rent ka ng mga commercial tenants. like guards, plumbers, maintenance, cleaners , electrical engineer, admin, collectors. btw, buti nalaman ko kagad na required sa mga admin technicals eh most of the engineers should have PRC license.

para kang si Henry Sy, the poor version of Henry Sy or Ayala nga lang. and for all those thing to be done and provided, just for what? rent money. 5 tenants per floor x 3 floors = 15 tenants. if the ground floor is like 30K per month per tenant, then then 2nd floor is like 20K per month per tenant, and top floor is like 10K per month per tenant. 300K WT!

pero ganyan lang ang rentahan sa mga lugar like lower municipalities like Marikina, Antipolo, Pateros, yun poor side ng Taguig, Caloocan Pasig local highways. wag na lang.

imagine mo naman amilyar nyan, under the train law, the assessment value would be at 50% of the declared value of the property. if the property is at 20M , so 10M ang taxable ng munisipyo, which 1-2% depende sa munisipyo. so 100K-200K amilyar but that's on the lot pa lang ha, ma x2 pa yan kasi the building is also taxable in the same computation, so sabihen na natin ng 400K ang amilyar for a retiring landlord with a 15 door commercial space. tapos 300K per month lang gross, talo ka na ng isang buwan.

and did I mention that VATable pa ang bawat door for rent. tsk tsk.


that literally coverting your money as a sitting duck, waiting for the vultures to prey on it: City hall employees, Fire employees, BIR, bad tenants, robber/ holduppers, and mga mahilig gumamit ng freebies like customers na gamit ng gamit ng CR, aircon etc. ...

OB. This is so true as well. I had your same fears especially about the vultures when i backed out of a property in mindanao avenue a year ago. The govt will squeeze you dry.

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[mda]

The vultures are real... Just cost of doing business here in the PH.

[StockEngine]

new chapter begins [emoji16]

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[minicarph]

Just this afternoon...i closed a deal with my existing tennant, they have a mini grocery and a 2go/bayad center at our place, kukunin nya yung inalisan ko na office...my asking was 18k...we settled for 15k and a case of coke zero....



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tinde noh kuya big, sobra tumawad. sa business na nga gagamiten tapos namamahalan pa sa 18k or 20k. imagine mo in- X deal ka na lang isang case ng coke zero, tataba ka dun dapat San Mig Zero / Light na lang lol

ang problema kasi sa commercial space ang walang malasakit eh yun mga employees ng tenant. sila ang sumisira sa mga common use areas talaga, eh kasi panay minimum wagers, ang iniintinde lang nila yun sweldo nila but they dont care for the establishment. minsan kaya daw nasisira ang gripo ng common CR, dyan daw naliligo yan mga yan kaya kung anong pihit na lang nila sa gripo.


so many people here are inggit sa mga SM Ayala Robinson na yan, para sakin, oo nga lagi na-mention sa Forbes Richest men, pero sa tingen ko napapairing lagi sila pag may repair bills or water bills to the tune of millions din. I dont want that kind of life, so much responsibility just to be recognized.

like I said before, we all need 12 people in each segment to make our lives full or fulfilling, just like Jesus Christ's disciples, or the dirty dozen, 12 man team soccer or or 12 slices of pizza. we cant handle 100s if not thousands of people.

pero baka nga sila Henry Sy and company , may 12 adviser or 12 VPs or 12 personal assistants lang.

pero pag tayo nag-landlord. putsa, hawak mo lahat yan sakit ng ulo na yan.

[MR_BIG18]

tinde noh kuya big, sobra tumawad. sa business na nga gagamiten tapos namamahalan pa sa 18k or 20k. imagine mo in- X deal ka na lang isang case ng coke zero, tataba ka dun dapat San Mig Zero / Light na lang lol

ang problema kasi sa commercial space ang walang malasakit eh yun mga employees ng tenant. sila ang sumisira sa mga common use areas talaga, eh kasi panay minimum wagers, ang iniintinde lang nila yun sweldo nila but they dont care for the establishment. minsan kaya daw nasisira ang gripo ng common CR, dyan daw naliligo yan mga yan kaya kung anong pihit na lang nila sa gripo.


so many people here are inggit sa mga SM Ayala Robinson na yan, para sakin, oo nga lagi na-mention sa Forbes Richest men, pero sa tingen ko napapairing lagi sila pag may repair bills or water bills to the tune of millions din. I dont want that kind of life, so much responsibility just to be recognized.

like I said before, we all need 12 people in each segment to make our lives full or fulfilling, just like Jesus Christ's disciples, or the dirty dozen, 12 man team soccer or or 12 slices of pizza. we cant handle 100s if not thousands of people.

pero baka nga sila Henry Sy and company , may 12 adviser or 12 VPs or 12 personal assistants lang.

pero pag tayo nag-landlord. putsa, hawak mo lahat yan sakit ng ulo na yan.

Hindi naman...10 years ago, the unit was 12k 40sqm, i divided it to 2units...one was rented at 10k..the corner was 15k..

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[remzam]

Anong oras kaya dadating si Doc? 9am supposed clinic. 1030 wala pa. Kawawa naman yung mga matatanda na gumising at bumiyahe ng maaga.

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