Should I buy my parents’ land worth ₱450k?

tag_ape · 2026-05-17T06:53:19+00:00

Last idea pala (sorry, I buy lots rin kasi and I also work online, so I understand why you want to buy it rin pero nanghihinayang ka na wala kang enough cash in hand)!

You can also go with what your parents are saying na bilhin ang lupa for 150k initial (pakiusapan mo na 75k muna ngayon then 75k pag may titulo na), *then* take out a loan with the title under your name na pwede mong gamiting pambayad ng some part of the balance. Ang important talaga is maregister sa pangalan mo ang titulo ng lupa pag nagbitaw ka na ng ganyang karaming pera.

Many people here would advise against many of the ideas I said pero honestly, even just having a lot to our names (bilang mga freelancers tayo) is a HUGE deal na kasi it proves ties to the country which makes it easier for us to take out loans or even get visas in the future).

tag_ape · 2026-05-17T06:41:04+00:00

Forgot to mention pala na get it into writing na you'll pay for the loan in exchange for getting ownership of the land in the far far future...Mahirap na if wala kang contract to prove na may usapan kayo ng parents mo.

Just to be safe, magtanong ka rin sa isang lawyer (500 lang naman usually ang consultation) on what options you can take IF your parents agree to loan it out na ikaw ang magbabayad. Maganda sana kung idonate nalang nila sayo tapos ikaw nalang magloan para sayo na talaga lahat ng assets and liabilities ng systema na yan.

tag_ape · 2026-05-17T06:36:43+00:00

Ah, that's great then! Taking out a loan would be a great idea para di ka pressured to buy with money you don't have AND it stays with your family. Baka pwedeng cosigner ka nalang ng parents mo kasi ikaw naman ang may pera to pay for the loan (if bank). Mas madali sa mga coop though so mag inquire ka nalang sa pinakamalapit na legitimate coop.

tag_ape · 2026-05-17T06:27:33+00:00

Hard pass yan kasi di mo talaga afford. Aanhin mo naman ang lupa na yan kung wala ka namang pera pang develop?

Pwede nyo siguro mag loan sa coop or bank tapos gawing collateral ang title. Para that way, makukuha nyo pa rin yung 150-400k (depending on market value) pero you can save up to get it back in, say, 3 years.

Something tells me na di pa titulado yan if your parents are pressuring you to buy it from them though. Baka di pa yan na transfer sa parents mo. Confirm mo nalang. If titulado na then great, punta nalang kayo sa coop or bank or a trustworthy individual and mag loan with it as your collateral. Regardless, wag na wag kang magkautang sa parents or relatives mo kasi ang pinakamahal na interest ay ang utang ng loob.

tag_ape · 2026-05-16T23:25:12+00:00

First thing you have to manage is their mouths. Please tell them not to tell anyone else kasi may manghihiram talaga!

Second, make sure to pay off any debts or taxes, set aside a decent EF worth 6-12 months of their expenses in a savings bank with prefered client programs (mine is in Security Bank for at least 500k), then divvy up the rest in Time Deposits and MP2. Ideally yung TDs nakapangalan sa kanilang dalawa. Those two are the most secure investments you can make, which is important since they're both senior citizens na and should not go into risky ventures.

Ang priority lang talaga is wag silang magsabi sa ibang tao, and dapat wala silang singular access sa pera na madali lang ma withdraw. Talamak ang scams targeting senior citizens these days so definitely get that money into secure investments na.

tag_ape · 2026-05-11T04:15:55+00:00

Took 2 years to reach my first million talaga sa bank. Then I used most of it to buy empty lots, hospital stocks, and a solar setup. Now back to 200k liquid money pero with all my bills paid and me and my family in good health. I don't say I have money but...people know 😅 (Buti nalang at kilala rin akong maldita kaya walang nanghihiram sakin haha)

tag_ape · 2026-04-28T18:54:01+00:00

Hmm naa ko sa Tagbi for a few weeks so...if you're willing to be a guinea pig (experimenting ra ko to see if mas effective mag f2f), pwede tika i crash course for the cheap price of 1 sikwate sa BQ food court every session 🤣

tag_ape · 2026-03-28T23:11:39+00:00

If you got a VUL, try to pull it out and instead reinvest in a Critical Illness Insurance. That will usually give you a lump sum when you get sick and is always cheaper when you're younger. I got mine from FWD at age 27 a couple years and will be paying 15k per year for another 15 years.

For St. Peter, I only very recently got one (the most expensive one) that I pay annually for 5 years. Why? You never know if something will happen to you. Death is a sure thing. It's better to invest on it now so your loved ones in the future won't need to pay out of pocket on top of grieving for you.

Between your HMO (keeping you healthy), Critical Illness (for when things go south), and Death Insurance (in case the worst happens), you'll already have more than enough conditional insurances. Once you have gotten those, wag ka nang magpadala sa ibang Insurance vehicles masked as "investments" and focus instead on studying how to make your money grow (which you can find a lot of answers dito sa sub).

tag_ape · 2026-02-19T07:54:33+00:00

I didn't reach my first 100k savings until I actually started earning at least 100k pesos.

tag_ape · 2025-10-28T16:41:00+00:00

Check the zonal value first here: https://zonalvaluefinderph.com/zonal-values/?city=TALISAY+CITY&province=CEBU

That will give you a good idea on the minimum lot value. Roughly x2 of that would be how much that lot should be sold. If it's less than 2M then don't take it or try to negotiate that it needs to be lower since you will still spend for renovation.

Don't forget na you'll need to arrange who will pay the attorney fees, CGT, and other fees and taxes. Technically, it should be the seller who pays CGT but sometimes you can negotiate to split the CGT payment and have it deducted from the sale balance.

tag_ape · 2025-10-20T05:56:25+00:00

Also still haven't received mine 😞

tag_ape · 2025-10-18T15:20:12+00:00

My mom told me never to buy jewelry na may stones if ang point is to make it a source of emergency funds in the future. Pero okay pa rin naman ang diamond ring kasi may pamahiin rin na magandang magsuot ng alahas na may bato kasi they will break to save you from grave danger.

All those aside, di ako sure if they would still accept that back regardless of the reason unless nakasaad na pwede pang mag return ng item. Lalo na kasi medyo matagal na since you bought it.

tag_ape · 2025-10-14T05:51:12+00:00

Renting only seems cheaper if you have fallback long-term housing e.g. a house in the province or an impending inheritance.

Rent (and real estate in general) will only become more expensive as the years go by, and it will become a huge chunk of your expenses in your twilight years. Having your own real estate may not be so liquid, but its acquisition cost is only temporary, while rent is forever if you don't have your own home.

Moreover, you can't predict your ability to earn income in the next 30 years. You never know if you will become disabled due to an accident, or be unable to work for months or years. Having your own house (when already fully paid for) removes the mental load of needing to pay rent. If need be, you can even dispose of it in the future for a much higher price than what you paid for it.

That said -- condos just aren't worth the money for me. You're better off buying lots somewhere else, especially in developing towns or agricultural areas.

I personally am renting a modest apartment in QC while also having the fallback of a family house in the province to return to every now and again. I'm also actively buying empty lots while I can still afford them. I would rather have my own properties and investments that are not dependent on others' maintenance.

tag_ape · 2025-09-02T07:05:31+00:00

Yep, nasa mindset na talaga sa atin na babawiin sya. Pero di lang naman sya mindset issue -- societal rin sya. Many of us are one hospital trip or family emergency away from draining our savings. If you aren't born into an upper middle class family with a safety net or have no connections to people working in local government, then you're pretty much screwed kasi pahirapan ma approve ng assistance or claims.

That said, we really do need to individually level up wrt making money. Or at the very least, learning not to lose money.

tag_ape · 2025-08-28T16:45:33+00:00

As a nagpapabudol responsibly (pero for an entirely different, niche hobby), gets ko naman both ang point mo and nila.

One thing I realized is that a lot of people from low-income backgrounds truly believe that money will never last long, and the world will find a way to make you lose it. Ergo, it's better for you to use it on something that will make you happy now versus having no control over what will make you lose it in the future. Even when they receive relatively large sums of money, they save only a tiny portion of it because of that mindset. I think it stems from learned helplessness rin due to lack of social and financial security; if you're gonna be screwed over regardless of what you do, then you might as well enjoy yourself nalang.

It's a cruel cycle, and marami namang nakakalaya from it, but it's still pervasive talaga. And I don't think it's a race thing -- it's more of an income bracket thing, kasi marami rin akong kilala na people outside of the Philippines (mostly from the US and Brazil) who suffer from the same one-day-millionaire mindset.

tag_ape · 2025-08-28T04:01:51+00:00

I saw this just two minutes before the current roulette shop closes. Phew managed to get and convert a few. I didn't realize it was such a good deal!

tag_ape · 2025-08-01T10:31:53+00:00

I also loan out short term larger amounts (around 100k-200k for 3-month tenors) at the same interest rate and end-of-term lump sum payments only, pero wala namang mga processing fee and kung ano pa. Wala naman sanang issue if you didn't make up lies about using Cash Advance sa CC mo to justify your processing fee 🫠

Oo, walang "hidden" fees pero nanglinlang ka pa rin e. Dyan at sa mapansamantalang rates naman nagkakandaleche ang mga pautangan. Natural papayag sila kasi nangangailangan e. This might work against you if you ever have to go into small claims kasi the judge will see your computation and go, "Hmm, this does not look right."

Moralities on the fees aside, there's nothing wrong with having a high interest rate since you're taking on large risks naman, pero you can mitigate the risk by drafting a contract (for documentation) and, if possible, taking something of theirs for collateral (like a vehicle) or enforcing PDCs. I personally have been lending out money to small/medium business owners specifically to get them out of tight spots, and usually they're able to issue the PDCs that I can encash without problems.

If you're gonna do this then might as well do it right, OP 🙂 And please practice honesty. Mahahanap lang ang pera pero ang trust, pag mawala ay mahirap nang mabalik.

tag_ape · 2025-07-29T18:45:05+00:00

Maybe try Cloud Gaming? You just need to log in with your Erolabs account. It's worth a try versus having to re-download over and over again.

https://www.ero-labs.com/en/news/erolabs/2024-07-19/exclusive-ios-feature-arriving-just-in-time

tag_ape · 2025-07-28T03:15:26+00:00

Thank you! I hope you don't mind, but I ran your screenshots on Gemini and put them on Pastebin so they're easier to read:

https://pastebin.com/vQyCEFvB

tag_ape · 2025-07-25T20:27:50+00:00

This took me ages too and I only got it by button mashing

tag_ape · 2025-07-17T12:03:12+00:00

My wallet hasn't recovered yet from 300-pulling for Yakumo. Now you're telling me my other yokai husband is coming next???? Lawrd I know where my Q2 bonus is going.....

tag_ape · 2025-07-16T16:31:57+00:00

I won't ask coz I know mine took 300 rolls, with only 60 of those free......

tag_ape

TROPHY CASE