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Absolutely, there is no point in hiring the agent especially if they would not have anything to sell anymore, right? Just make sure you have closed the deal with your friend so you would not waste time waiting for nothing.

A friend adviced me to invest my savings in Real Estate and he told me that Philippines is a good place to start since it is still cheap. Can anyone of you give me an advice on this?

Investy, I have been reading your posts everywhere in this forum and you are getting to me. Now, I find myself wanting to invest in Morocco. You seem to know a whole lot in real estate.

My answer to your question: In some developing countries, 250k could already get you a decent high-rise building placed in a busy city. Then you could have its 40-60 office spaces for rent or turn it into a condominium for sale.

Since you already own a place in the area, you may already have an idea about the price of the property. You could estimate it based on your percieved value but you might want to consult and have it appraised. That way, you would be very sure on where you really stand.

About buying, building and selling: you could also consider furnishing the house first before selling it. There are a lot of cheap but elegant furnitures out there. You would not only profit from the land and the building but also from the furnitures.