A 19-year-old entrepreneur invests in real estate

Real estate is a lucrative investment option for Filipinos. Many Pinoys have accumulated their equity within 10 years of purchasing a condominium unit. Those who bought their first unit in their twenties have the boldness and youthful vigor to begin building personal wealth by investing in real estate in that time frame.

For young people, investing in real estate may seem like a daunting undertaking, but it’s not impossible. That’s what 19-year-old Sonny Valle had in mind when he started putting his investment to good use. He and his family own a condominium unit at SMDC Grass Residences.

Sonny is still a teenager and already an entrepreneur. He was in his mid-teens when he took the path of entrepreneurship. At 15, he dropped out of school to help out in his parents’ business. He became an encoder and eventually responsible for the development of the family business. He said, “It was difficult at first, but I found the roles satisfying. Besides running our business, I have side businesses online: buying and selling, trading stocks and cryptocurrencies, and running an online food business. »

“In 2016, I was with my parents at SM North EDSA when an officer gave me a flyer from SMDC Grass Residences,” he said. “At first I didn’t think about it, but when we visited the property I realized its potential and its value.” They met the agent and the rest is purchase history.

The teenage entrepreneur thinks a lot of people underestimate Grass Residences, but he proves them wrong and finds that the property is “very accessible and there are a lot of establishments in the area”.

Grass Residences in Quezon City is adjacent to SM City North Edsa, connected to it by a walkway. Developed by the Philippines’ fastest growing real estate company, SM Development Corporation (SMDC), Grass Residences is a convenient, exciting and fun place to come home to.

Sonny felt that the investment value of his SMDC unit was in its ownership value, the SMDC brand itself, and the accessibility and convenience it brings to its occupants. Ongoing urban redevelopment improvements in the area are also increasing its land value.

At first Sonny thought about renting the unit. The amount of the lease would be sufficient to pay monthly dues and other expenses. But the unit could yield a higher return. “I convinced my parents to renovate our unit and then rent it out through Airbnb,” he said.

His parents took months to agree to his plan. “I told them I would take care of the business since I have a background in social media marketing. Managing an Airbnb unit was a breeze for me,” he explained.

Sonny and his parents plan to expand their Airbnb business. The unit is never a “dormant” asset: during off-peak periods, they make it available as a property rental service, thus maximizing its income. The unit is sometimes upgraded so that it can be rented at a higher price. “The beauty of investing in real estate is that you’ll be stress-free paying the mortgage because you get passive income from rental units.”

By way of advice, Sonny has this to say: “Young entrepreneurs need to be innovative and knowledgeable about the new normal. There is no excuse for not being informed about opportunities that lie outside of our comfort zone. We have all the resources we need, so if you want to achieve something, then go for it. Don’t wait for the right moment, do it. Invest early while you’re young because your older self will be happy with you.

To learn more about SMDC and its developments, log on to www.smdc.com.

To learn more about SMDC’s communities, follow SMDC on Facebook, instagram, Youtube, Twitterand ICT Tacor visit the SMDC website.

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