All Forum Posts by: Ronsted Yuag

Hello! I am currently looking at expanding my investments in the Siquijor and Dumaguete. @Travis Elliott Are you still in Cebu? 

@Michael Orlando Hi Michael - I was born and raised in the Philippines and I have to admit I am a little biased. :) But in my opinion to name a few aspects the Philippines has; english language is widely spoken, a growing economy, highly skilled workforce, huge housing deficit, and a real estate market that is waiting for some creative minds to take advantage of. There are challenges of course and it helps to have somebody on the ground. By doing this, I am hoping that we can learn from each other and apply that knowledge to create opportunities for everyone. When I bought a piece of dirt years ago, people were wondering why I did it. Now, it's a campground and was cash flowing pre-covid.  

Great job! I currently have plans to build an 8-unit apartment building in Dumaguete but funding is a big issue. Have you tried getting a commercial loan?  

@Marc Estepa  Hi Marc - I'm seeing 3 US banks operating in the Philippines (JP Morgan Chase, Bank of America and Citibank) according to Google. It's probably easier to deal with one these banks here domestically and ask about what you guys can do with the property in the Philippines. Hopefully it works. 

@Lope Encarnacion Hi there! Glad you could join. If you don’t mind, can you please share what the kind of commercial investment you currently have and where? Thanks

Looking forward to connect with real estate investors who are investing in the Philippines or thinking of exploring the opportunities especially those in the rental and commercial space.

@Christian Cramer If the numbers work why not? This is true even here in the states.

@Dave Visaya I currently own a campground in Siquijor (STR side) and is planning to move to small apartment units in Dumaguete City.

@Marc Estepa. Hello! Not a bad problem to have. I used my resources here in the US to buy and invest in the Philippines. I used a regular bank here in the US and wired the funds a bank in the Philippines. As long as there is a paper trail and legal source of the funds the bank was okay with it.

Selling it would be great option or keep it as a rental and just wire the monthly rent here in the US or maybe open a dollar account in one of the banks in the Philippines. Good luck!