Need advice, what to do with 100 sqm of residential lot.

@xtedaxcvg (3190)
Philippines
March 3, 2013 10:57pm CST
Hello fellow mylotters! I need your advice on this one. I recently lost my job and I'm having difficulty finding a new one since none of the companies I've applied to have called yet. One good thing though is I was able to finish the payment for a residential lot in a notable subdivision. Unfortunately, my wife suffered an incurable disease so she's in and out of work. So I don't have a job, my wife's unstable, and I have this 100 sqm lot inside a subdivision. Can you give me any advice as what to do with it? I mean, how can I turn this 100 sqm lot into a profitable income? I've already considered putting up a house on this lot and have it rented out but the income is just not enough for my wife's medicine and our daily expenses. Plus, I don't think the homeowners would allow it and I don't think this place will appeal to families who is looking for a place to rent. Any advice?
2 people like this
6 responses
@kenshin2143 (1882)
• Philippines
4 Mar 13
For the meantime while you cannot decide on what to do with that lot to make some money or other matters, why not plant some veggies there. Some vegetables only take few weeks in order to bear fruit, that way, your expenses will somehow decrease and you have a garden to cultivate :)
@xtedaxcvg (3190)
• Philippines
4 Mar 13
Wow kenshin, that's exactly what I'm planning to do. It's just that I'm not that much of a gardener and I pretty much don't know what I'm doing. But I think I'll take your advice and go for it. Thank you for this. :)
1 person likes this
• Kiryat Ata, Israel
4 Mar 13
Are you guys for real ? How can planting vegetables help you, xtedaxcvg ? You need a lot of cash and you need it fast. You need to pay for medicine and probably more things like food and internet connection. Go and try to look for any job possible. I also haven't found a job for the last 8 months ,but, hopefully, today I have an interview. It won't be about software quality assurance (I have a diploma for it), it will be about registering new customers to a credit card of a big super market network company. I don't mind even working at cleaning if they will hire me.... Ow, I get it, sqm is a square mile, so, you own a lot of land (not necessarily money in cash though). I thought sqm was some kind of money, lol.
1 person likes this
• Philippines
4 Mar 13
Your somewhat underestimating gardening. Anyhow, I was just suggesting that for the mean time he has no job or other ways of gaining an income. Also, gardening can somehow provide food for your table and will lessen your expense for food. As for xtedaxcvg, I would recommend eggplants because they are quite easy to grow and bears fruit in just a short period of time. :) My father has many plants in our backyard and its really fun to see having such.
• Philippines
4 Mar 13
Hello xtedaxcvg, I feel sad for what has happened to your wife, i hope things would go well for her in the future. if you have the money or the capacity to get a loan, maybe you can create a lease building were people can rent your lease and start their own business. we have that and we have been earning a steady income.
@jenny1015 (13389)
• Philippines
4 Mar 13
Where is this subdivision located? is it near a mall? Coz if it is, you may want to have bedspacers. Let's say, make a three-storey building with at least 3 units each floor. I think that would be a great way to earn.
@stringer321 (3727)
• Kiryat Ata, Israel
4 Mar 13
If you own a lot of residential lot, maybe there is some available space there that you can do something with it. Maybe people can pay you to make a birthday party. They maybe want to make a birthday party there instead of making it inside their house. Maybe they will make some contests like jumping inside big bags, some things with balloons and a lot of food and tables. Maybe a navigation contest with maps and a prize at the end with clues and notes or signs. 100 sqm is a lot. Maybe you can allow people to do any other kind of parties there if they pay you some... What do you think ? I hope you can arrange some good weather :)
@tipay26 (873)
• Philippines
4 Mar 13
Hello there upon reading your discussion a simple suggestion came to my mind.But it's up to you on whether you will go through with my suggestion or not.since you had said that your wife's health is unstable and you need extra csh for your wife's medicines and for your daily expenses., why not try selling your lot and save half of the money in a bank so that you can have and start your own business?or if you happen to have contributions at PAG-IBIG FUND try to ask for a housing loan so that you can repair or improve what ever it is that is need to be improved on your lot and make it a commercial space inside the subdivision.I don't think the home owners has a say on this because it's your own piece of land right?Why would the home owners prevent you from doing it?
@bluespygirl (2112)
• Philippines
4 Mar 13
Hello! Where was this sundivision located? I dont know much about PAGIBIG home construction but mabe you coulkd check it? I mean, maybe you could lend from pagibig (if you are a member) then the house can be rented out. That ill be for how many months.. Or maybe if you have the land title already, you can loan it to a person or to a bank and start a small business that you know. I am sorry if these confuses you. I am just trying to suggest.. Goodluck to your endeavours..