All Forum Posts by: Sylvia Randal

@Andy C. Thanks for the advice.  I'm not jumping into a deal just now. They are pre-sale condos, and yes, there is a promotion that supposedly will end by next month, then the prices go up.  

Sylvia

I've read that real estate development is growing in the Philippines, especially in condominiums.  The economy has risen and the property market continues to rise, at a slow pace.

Can anyone share their advice on purchases for condos in Makati City?

best regards,

Sylvia

@Account Closed Thanks

@dave Visaya

Thanks Dave!

@dmitriy fornichenko thank you

@ james wise

Thank you, James!

@shared M

That's good to know. I want to wholesale & flip. Once I know what I am doing, I want to buy and hold. Actually, I am looking for deals and have contacted some real estate agents who have properties that are not listed on the MLS yet. Also, need money! So I feel that I need to educate myself on the steps on buying in order to not make mistakes.

I started a Utah LLC for investing, but I could have jumped the gun there. This was from info I got from a real estate seminar/class.

All your feedback is appreciated.

Thanks

HI, my name is Sylvia Randal. I am getting started in real estate.. I live in Pasadena, CA. I am eager to learn as much as I can. I know there's lots to learn and many strategies in buying property. But I really need the education. I am seeking a mentor that is willing to teach, and I am even willing to go out on sites. Is anyone willing to mentor a student?

@jermey baker, That is good info. Thank you for sharing. Like I said, this is a motivated seller. Its seems like a good deal. My concern is also renting it out during the year, but seems like that will not be a problem.

I will do my due diligence on this property.

Thank you

Thank you all for your reply.

The listed property is actually a time share. It sells for $11,400 K, Marriott - Maui ocean club (by motivated seller). The owner rents at $850.00 a day , and up to 3,500 a week. 2 ba, 2 bd, 1200 sq ft. Transaction is done by independent timeshare company; buyer pays all closing and title fees. The owner pays 1,100 annual fees, which includes property management and maintenance fees. It seems that in such a beautiful place, there should be no problem with renting it throughout the year, although as Jeremy Baker mentions, there are the high and low seasons.

@Michael borger, thanks! I am interested in flipping property. Although, something like a condo, I would like to buy for emotional reasons as well as profitable to pay debt.

@ Ivy Takenaka, thank you! I will consider this.

Thank you!