Here is a great advice from a Filipino Financial Planner in Australia. He said that houses for sale Philippines or any other countries during the economic times are much more important that it is not. While people are selling their houses during economic times, chances are these houses will double their value after the crisis. To know more about the story, read below.

A Filipino financial planner in Australia believes that people who want to invest in real estate should start by doing what he calls “negative gearing”.

Alex Aranguren who is also an accredited mortgage consultant explained that negative gearing means borrowing money to buy an asset but treating the loss incurred from the loan as an income tax deduction.

Aranguren began negative gearing when he bought his first investment property in 2006.

He admits that just like other people he was afraid to be in such a debt cycle.

“Yung mga deductions na yan, maliit na portion lang yan. Ang pinakamalaking portion is depreciation noong binili mong property,” said Aranguren.

Aranguren said the process lowers your income bracket and allows you to pay less tax to the government.

He advises that as a property investor, one must have savings to pay for monthly repayments for at least six months in case nobody is renting the place. But because most Australians cannot afford to buy their own house, rental properties are in demand.
“Ang market dito sa Australia, there is only 2% vacancy rate sa nagpapaupa, so which means maraming humahanap ng rental property,” he said.

“Pagsinabing economic downturn ibig sabihin noon nasa bargain ka ngayon para bumili. Yung negative gawin mong positive. Yung mga iniisip nung tao na mahina ung market this is the best time to buy kasi mura ngayon,” he added. Report from Chito Javier, ABS-CBN Australia News Bureau, Melbourne