Real Estate Investment in Philippines?

Question

Hi, I'm Ariel from Surigao City, Philippines. Is anyone here from Philippines? I am new at investing in real estate and also an owner of a construction company. Where do you think I should start?

Michael S. · Answer

@Ariel Tradio

Welcome to BP.

Most investors in cities like the NCR, Cebu, Baguio go for condos as it's easier to buy and profit from. These condos usually target Chinese tenants that works in online casinos. The only catch is the high condo monthly fees ranging in thousands of pesos. But you can easily charge P25,000 on monthly rent per unit even for studio units.

I am looking to buy townhouses as some of them don't have high monthly HOA fees. They are easier to rent out in cities and are attractive for new families. Typical price is 5M or so for a 2 storey unit.

I have not yet invested in real estate but will be soon. Still saving for down payment. I don't want to be in debt just to start investing.

Justin Windham · Answer

@Ariel Tradio

Welcome to Bigger Pockets!

This is a great place to learn and network.

The site has quite a few tools that can be helpful for new members. For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users

Lope Encarnacion · Answer

BRRR investor in Manila here, multifamily as well.

Alex Macale · Answer

Any of you invest or do BRRR in Manila? Anyone here into multi family?

Alex Macale · Answer

Can you do BRRR in the Philippines as a foreigher?

Henry Bustamante · Answer

@Ariel Tradio

Hello Ariel im from Zamboanga Sibugay but i am an OFW here in Abu Dhabi im also a newbie in Real Estate but i already jump in too real estate because i do purchase a farm for 320k for 3hectars thats beside the national highway in my hometown i got it cheap,it gives me a cash flow in every 3 months for the coconut market thats 10k in every 3months,my long term plan for the farm is buy and hold probably in future it will increase its market value then i can sell it.the last real estate deal i got was last jan of this year a friend of mine has a 3unit 1 bedroom apartment and a commercial space and its also along the highway in my hometown.he sold to me for 2.3m and payable in 3 years i made a down payment of 700k so the remaining will be paid in terms as agreed,my plan for this is i will apply a bank loan abroad to fully paid the deal.this apartment and commercial space is already having a cash flow of 17k a month.i think this a good start for my real estate venture.i am into deep studying all the concept of this real estate while im working abroad.and also i almost forgot i have a side business of real estate here in abu dhabi. I rented a 2 bedroom hall flat and then i took some kabayan tenant to rent it by rooms and bed space,so my housing is already been paid by other peoples money.i think i will have a future with this real estate

Thanks.i really love to share my experience in real estate esp to my kabayans and connect to other who wants to be in real estate.

Account Closed · Answer

Hello @Ariel Tradio!

Welcome to BP. I plan to invest in Philippines in the future so let’s stay in touch. I’d like to hear about your journey and lesson you learn as you educate yourself.

Many thanks,

Patricio

Jadi T. · Answer

I am from Cebu but I am into Baguio real estate market. I fell in love with the rental demand there. I am currently a virtual admin assistant to a Broker there, I help her market properties and do some admin tasks. I'd agree with you in the part that you don't want to be in debt just to start investing. I was impulsive in the past, I purchased a preselling condo, the location is in the prime, nearby one of the most reputable school in Baguio and offers overtime payments. But  I ended up giving it up. Becoz something happened, I've lost some funds and I didn't have a plan B. Price was 1.7M then now its already 2.8M. I had regrets.. But this time I just purchased a lot in Cebu nearby home for building a rental property later.

Michelle Nelson · Answer

@Lope Encarnacion sounds good I just sent you a message:)

Lope Encarnacion · Answer

@Michelle Nelson let me know what details you need and what kind of partnership arrangement you're looking at. thanks.

Real Estate Investment in Philippines?

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