MONEY MATTERS
Is investing in a condo unit a good idea?

By Randell Tiongson

Philippine Daily Inquirer
First Posted 21:29:00 05/03/2011

Filed Under: Investments, Personal Finance, House-Buying – Selling, Real Estate

QUESTION: Is a condo unit a good investment?—Mia Eugenio Marinez via Facebook

Answer: It depends. If you ask real estate brokers, they will tell you that investing in condominium units is the greatest thing since sliced bread. However, many investment experts seem unimpressed with returns from condominium investments and for a good reason.

The bigger question to ask is why are you consideringpurchasing a condominium unit? Is your purpose purely for capital gain or do you intend to live in that condo? I always say that when we select our investment options, we need to take a closer look at our investment objective, risk tolerance and time frame.

In this case, are you already certain as to the three I mentioned?

Assuming that you…

Read full column at http://newsinfo.inquirer.net/breakingnews/nation/view/20110503-334406/Is-investing-in-a-condo-unit-a-good-idea

You can now catch me at a brand new column at the Philippine Daily Inquirer every other Wednesday. Our new column is called Money Matters and can be found at the Business Section of PDI.

I have the privilege to co-write this column with my dear friend and colleague, Mr. Efren Ll. Cruz who is also a Director of the Registered Financial Planner Institute.

Thanking the Lord for making this a reality.

Read my debut HERE.

People say that having your spouse as a business partner is not a good idea. Some people say it’s a great idea. Personally, I would say it depends on the couple.

Here’s a nice story of a couple who are great business partners and still have a great relationship.

Watch this…