Temporary living in apartments, selling houses for investment capital

Having money to rent, decided not to buy a house

Nguyen Cong Huy, born in 1990 in Nam Tu Liem (Hanoi), shared that in the past two years, thanks to investing in real estate, he now has a capital of over 1.5 billion dong.

His family has 4 members, living in an urban area in Ha Dong. While doing business on demand, Mr. Huy wants to increase his capital further to continue investing in real estate and adding securities. Therefore, he discussed with his wife to sell the apartment they were living in to get money to invest, and then the whole family rented another apartment. Huy was very happy when his business plan received the approval of his wife.

“Currently, there are many beautiful and fully furnished apartments for rent for less than 10 million VND/month, more than many apartments in my house. Should rent a house, the money from selling the apartment can be invested. If you win big, then you can buy a few units like that. If the capital dies, the savings from the monthly salary are not much,” Huy confided.

Many young couples rent houses, not buy them, and spend money to invest (illustration).

Regarding the level of risk, Mr. Huy said: “Investing for many years, sometimes I fail. However, after all these years I am very confident, now earning billions of dong. Moreover, real estate potential Real estate in 2022 is still very large,” he said.

In 2019, Mr. Nguyen Van Toan decided to sell the land plot in a small alley on Tran Quoc Hoan Street, Cau Giay (Hanoi), earning more than 5 billion VND. He plans to rent an apartment for the whole family, the money from the sale of his house to invest in real estate and an investment in stocks.

He thinks, 5 billion VND can buy a luxury apartment, but after 5 years, that amount of money is not profitable. On the contrary, if it is invested, it will earn half and double the profit.

“In 2020, Hoa Lac land has a strong fever, I put more than half of the house sale amount into it, and the profit is also nearly 2 billion dong. Now that Hoa Lac’s land is no longer feverish, I have moved to invest in another area. As for securities investment, the account is more than 100 million positive, “said Toan.

Minh and Hoa, who have lived in Hoang Mai (Hanoi), have been married for more than 2 years, now the couple and their nearly one-year-old son are still living in a rented house at an inn on Bui Xuong Trach Street, Thanh Spring.

Minh said, before getting married, his parents intended to buy a house for the couple. However, he did not buy, but spent all that money investing in real estate and stocks.

“I’m still young, and I have a dowry to consider it as a business capital, temporarily living in a rented house is okay, for investment, if lucky, the couple’s assets multiply many times like that.” Minh analyzed.

Many people still silently invest in real estate and stocks

Flexible capital

Many economic experts believe that the fact that some people choose to stay in rented houses to get cash to invest is a form of financial flexibility. Currently, investment channels such as real estate and securities, electronic money… are very active. However, this is not a playground for people who wear durable clothes because there are always many potential risks. Success or failure, in addition to luck, investors must have qualifications, knowledge and experience.

According to common psychology, most Vietnamese people accumulate money to buy a house, in addition to stabilizing accommodation but also a form of investment accumulation, waiting for the price to rise. It is a form of dual investment, with the advantage of creating sustainable, stable value. However, the downside is that it will lose business investment opportunities, and it will be difficult to create a breakthrough in assets.

Meanwhile, renting a house to live in is a form of putting all the assets you have to invest. These are usually adventurous people, not afraid to stay in accommodation, can move around, do not like stability.

As Mr. Hai from Tran Duy Hung (Hanoi), said: “Minh is a person who likes stability. While everyone’s property has increased significantly in a short time, the only big asset I have is the house itself. It’s a property that hasn’t changed in many years.”

And Mr. Liem, living in Quang Trung – Ha Dong, feels regretful because he is not decisive in mortgaging the red book of the house the family is living in to get investment capital, while real estate prices increase rapidly. Mr. Liem confided: “Now that I think about it, I feel sorry for the opportunities I lost myself, now even if I wanted to, the market would not be as active as before.”

Ngoc Cuong