Last February 2007 I handed 12 post dated cheques to my mom because she’ll give it to the Real Estate Agent for my first property investment. I had mixed feelings doing that because during that time I haven’t seen the location yet. The property is located in Amadeo, Metro Tagaytay (5-10mins) from Taal Vista Hote and Casino Filipinol. This was a pre-sell. This means the property is still under development and should be finished anytime soon. I decided to go after it because the terms were pretty good and because my mom also bought lot there for my younger brother & little sis.
It supposed to be 2 years to pay. Fortunately, I was able to lump sum the amount needed to complete it in less than a year. I felt like I need to finish paying it before I bought Condo sooner or later. (Still looking around) Anyway, if the area in La Excelsa Country Homes develops further and it becomes a prime spot, I might rent it out later. Alternatively, I could sell it later to get some potential income.