The smart ones come up with fake pay stubs and all sorts of scams to get in then don't pay.I do see finally the prices going up and inventory down but how long will it take for any good returns to reach the outskirts?

I know people who have been scammed out of properties they have owned for generations, bribery and corruption is unfortunately common if you know the right people in government.Luckily my spouse is Filipino but I know based on recent visits you’ll want to stick to metro Manila (Makati, Alabang) or a bit further away like Quezon City.

I've never heard of Rent Guarantee insurance either, seems like a scam to be honest..when someone has excellent credit, I ask for a downpayment and first month's rent..when it's a little on the skeptical side, I ask for first and last, and security deposit.

lol : ) ...... )They are looking for a nicer landlord ( sucker ) to run the scam on again.

Also there were a lot of scams presented that I saw prior to the 2008 bubble burst, and so I became a tad bit jaded, leery, and deterred to get started.

It is true, you need to spend money and sometimes take risks but this isn't a risk, this is falling for a scam and being willing to take your partner with you because they think it will benefit them in the future.

Sounds to me like a money making scam.

The scam likely goes like this - they send you the cashiers check and you deposit it and it appears to clear.

Hello All,
Just wanted to share my experience with this company. I have been a cash investor for a few years now and wanted to venture out in using hard money for a property I found. So I reach out to a few lenders ...

Recently I had a guest try to scam me by claiming that the place had trash all over the living room when they arrived.