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RE: A Wise Investment For All To Share

in #money • 8 years ago

Nice post, I am currently looking into buying some land for the first time in my life but it is seriously compliated... law and all....
Any life experience that you want to share? Thanks

8 years ago in #money by
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     8 years ago (edited)

    Thanks for your interest. Yes, i do have some experiences to share with.
    If you are not sure yet of how it goes, since you have mentioned the complications of law and all, try buying a small parcel then. Nevertheless these are the things that you need to do on the process of acquiring land:

    1. surveyor for land surveying (for some this is optional)
    2. payment to the seller for the purchase price
    3. payment to the broker for the commissions(if any)
    4. payment to the government agencies like Internal Revenue for the charges and taxes for registration
    5. payment to the LGU - Assessor's Dept for the transfer
    6. payment to the Assessor's Office - Provincial for further processing on the transfer
    7. yearly payment for the real estate property tax
    8. miscellaneous fees and charges

    I hope that those tips will be able to help you and gives you a head start on what to do, though procedures from different countries might vary.

    Just go on with your plans of purchasing land. You can never go wrong with that. It is the best place for your money.

    Whenever you have the time, also trying checking on my blog about Making Money from Chickens, this will definitely go hand in hand with your plans of acquiring land).

    Happy Investing! :)

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       8 years ago 

      Chickens and land!! :-) and there I was thinking etherum was a save investment!
      Thanks a lot for the tips: pay, pay, pay... I am actually quite slow in dealing with this kind of thing... I hate dealing with governmental bodies :-)

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         8 years ago (edited)

        Heheheheh that's how government do - make us PAY! Don't worry though, those payments are one-time only except for the yearly property tax which continue to subsist as long as you possesses the property.

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         8 years ago 

        I hope you can find time to support and follow me. Thank you.

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           8 years ago 

          Uhmmm let me think about this...... DONE!
          Have a great day !!

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             8 years ago (edited)

            hahahahah, thank you@marcosespes1

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