Time value of money

The other day, I was looking for a site where I could learn more about the time value of money.  Unfortunately, I wasn't learning it well enough in the real estate broker's class I am currently attending, because the teacher is a grouch, and does not like to go into details.  Fortunately, I came across some websites that helped me understand the concepts a little better.

First up, Investopedia.  Their article about Understanding The Time Value Of Money is gold!  I endorse it whole-heartedly.

Second, and never the least, thismatter.com and their excellent article The Future Value and Present Value Of An Annuity helped me make a formula in MS Excel to determine how much you can loan if you can only afford to pay a certain amount every month, as well as how much will your amortization payments be given an interest rate and payment period.

Why don't you guys check those articles out?  You'll definitely learn a lot!

To our success,

Jon

SEO DOES WORK!

I can't help it, I'm too happy!  Today, I felt like checking how my site ranked on the big G for the keyword "2 torre lorenzo" and guess what, I'm 3rd!!!  Whoa, if I had any doubts, they're now gone forever, SEO does work!

That's about it, just had to let it out :))


- jon

Ad: Fairview QC House and Lot FOR SALE!

For Sale: Fairview QC house and lot

Address: Lot 20 blk 5 Andromeda Blvd, Villa Orian Subdivision, West Fairview, QC.

Lot Area: 301 sq.m.

Floor Area: 450 sq.m.

Clean title, up-to-date property tax payments, no liens and encumbrances.

Gated community, exclusive subdivision

Near Commonwealth Avenue, accessible to public transportation

Minutes away from UP Diliman, Katipunan, SM City North Edsa

Asking Price: Php 9M, slightly negotiable

Ready for occupancy

No problem with water supply

Pictures to follow or by request.

Please contact me for inquiries:

Jon 

cp: (+63917-8984232)

e-mail: manilenio@gmail.com

Another post on content re-creation :)

So here's another software I found while browsing the web, a super basic content re-writer.  It's essentially a software that will let you manually enter alternate phrases/words to recreate your articles for submission to article directories.  It won't really revolutionize the way you do it though.  If you're already manually doing it via notepad/wordpad or MS Word, it's nothing new.  However, it gives you a nice interface that will let you see immediately how your new articles will look like, so you can make quick changes on the fly.  Take a look at EAS and see if it's to your liking.  It's FREE, and you'll only need to register with a valid e-mail address to keep on using it.

- jon

Eton Properties added, Finally!

It took me some time to update my website to include the excellent Eton Properties in my listings, but it's definitely worth the time and effort!  Among the properties I'm marketing are:

• Eton Residences Greenbelt (only 2 more units are for sale!  That's how marketable it is!)
• Eton Parkview Greenbelt (another excellent real estate investment or principal residence)
• Eton Emerald Lofts (right in the heart of Ortigas Center - just perfect!)
• 8 Adriatico Manila (just beside Robinson's Manila, how great is that???)
• Aurora Heights (affordable and excellent location - can you spell "RENTAL BUSINESS"???)

Since Eton Residences is close to being sold out, I'll just add our newest pre-selling condo project in Makati - First Homes Makati!  I'll post again once I get it up and running (hopefully w/in the week).

Not to be outdone, 2 Torre Lorenzo is selling like hotcakes!  If you had a property just across DLSU in Taft Avenue in Manila, what kind of investment possibility do you think that means for you?  Do the math... Or better yet, ask me about it and I'll do the math for you hehe =D.  Price increase happening this March 2011!  Ah if only I could buy a unit, I'd be on my way to becoming a landlord (ooohhh the title sounds nice!).

Talk soon,

jon

Real Estate Investment: Determining if you can afford a property

Guys, I get that many people are in the dark about whether they can afford to purchase a property or not.  First of all, it would be wise to determine 2 things:

1. Downpayment - Typically, the downpayment is 15-20% of the total contract price (total list price + VAT + other fees).  Usually, if you can pay cash for the d/p, you get a discount (varies among developers).  If not, developers offer terms as long as 30 months for 0% interest (such as in the case of 2 Torre Lorenzo).  If you can afford to pay more than 20%, I'm sure the developer would offer no objections.  This is your first hurdle.  If you can get over this, then it's time to look at...
2. Balance - Assuming you paid the 20% d/p, it's now time to start paying for the balance.  If you don't mind paying interest, find out the longest term the developer will agree to.  Then, shop around for bank financing.  Let's talk about the monthly mortgage payment you will be making.

• Assuming the 80% balance is 1M, and you got a term of 20 years at 8% fixed-rate interest.  That means you will be paying the bank P8,364 monthly for 240 months.
• A good precaution when deciding if you can afford a property is to determine how much you can afford to pay monthly for the loan amortization.  I would say if you can pay the monthly amount with 40% of your net monthly income, then you have enough left over in case of emergencies, and your budget won't be stretched too tightly.

It's safe to say that when buying property for investments or for your own use, shop around for the best rates that you can get, and don't go overboard with your budget.  It would be a total waste if you started paying for something then default on the payments, resulting in the loss of the property due to foreclosure.

If you would like to play around with mortgage amounts to see if you can afford a certain property investment, check out this amortization calculator.

Talk soon,

jon

Real Estate Investment: 2 Torre Lorenzo

Hello,

Just wanted to inform smart investors out there that 2 Torre Lorenzo, the 2nd condo project of Grand Metro Lorenzo, is pre-selling now.  Located in front of De La Salle Taft, this condo is sure to take the area by storm.  Construction is now ongoing, and it is slated to be done by the 4th quarter of 2013.

If you're interested, please leave a message with your contact number or e-mail.  Or, you may visit the site to get more information: Real Estate Investments

jon