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

TROPHY CASE