Should Foreigners Invest Through Their Filipina? | Street Interviews

Should Foreigners Invest Through Their Filipina? | Street Interviews. Lorie interviews Filipinas in Goa, Bicol, Philippines.
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[@Armando97531]

Thanks!

[@TheFuentesFamily]

Hi Armando and Dailyn 👋 Thanks for the Super Chat, our friends! That's very nice of you two!

[@TheFuentesFamily]

Hi everyone!!!!!!!!!!!! Enjoy the video! Please like and comment, much appreciated! ♥

[@ejtaylor73]

Me personally, I say don't invest in anything you can't actually own. The only exception would be investing in a child's education to help give them a brighter future. "Why not invest in a house?" Because he can't own the land that house would sit on. Investing in a business that has to be 60% Filipino owned, means he doesn't own it and can be kicked out of the business he started. Copying a business does not guarantee success, the business, financial, and personnel management are different and will give different results. The laws do not favor foreigners, so why should you put anything into it. You want to "invest", do it by purchasing items in the Philippines and adding your foreign currency into the Philippines economy. Thank you Lorie and ladies for the interview, I hope you all have a wonderful day.

[@davidlampkin1121]

You are scaring me 😂 I'm starting a business in the Philippines next week.

[@TheFuentesFamily]

Oh noo 😆

[@pashajan541]

The Philippine Govt Should Pass a New Property,Business Law Which Give Full Owner Ship Of Property & Business To The Foreigner Invester That Will Bring More Foreign Investment Will Bring More Jobs For The Local People & Pay Taxes To The Philippine Tax Revenue

[@PassportLife]

Then foreign governments and people will have power and ownership over Filipinos and the Philippine government. That's a terrible idea.

[@juanmerced4270]

As long as philippines, does no be open for foreigner to buy and invest, the economy of the country will remain without progress, and the worse is still to comes

[@cattywampusmcdoogle]

Gao was gorgeous

[@user-zy1oh8jk7j]

Husband and wife investing is normal. The problem is the foreigners have no protection. They often pay 100% and have no control over anything. That's corruption. The Philippines needs to put protective laws in place or just let foreigners own. He pays, he owns and his wife MUST inherit without any tax ever being put on inheritance (an evil practice in some countries). Then when she dies the land HAS to be split amongst the children made by both. It's more complicated than can be explained here but based on being fairer.

[@TheFuentesFamily]

Thanks for sharing that!

[@nomadpack4050]

Foreigners shouldn't own, that will drive up prices and locals wouldn't afford to buy homes. I think personally its perfect how it is.... idiots getting scammed is no reason to change that law to let Foreigners own outright. Foreigners do have some protection if they research and use some sense 🙄

[@PassportLife]

I agree with there being protections, but I do not believe that foreign should be able to own businesses or land in their country. There needs to be a compromise that protects the foreigners' interest, though.

[@b.coxemba6799]

I would NEVER invest in the Philippines. I been married for over 20 years to a Filipina.

[@jeffuk3940]

Only invest what you can afford to lose. Just remember what gets invested in the Philippines stays in the Philippines.

[@juanmerced4270]

My filipina wife is a good person, but I never will invest in philippines, and trust her, because since tbe law is in her favor, I can see from the beginning that it is wrong. Philippines should not force foreigner to own one so much little when buy properties and favor the filipinos. It is no fair. Filipinos can own in our countries, but philippines does not allow them to own; and what is allow to own, is share with spouse also. At the end the big looser will be philippines, seat and wait, and will see it

[@tilapiadave3234]

invest IN your Filipina ,, encourage her to get further education and get a job

[@stephenr2195]

As a foreigner my take is most businesses fail regardless, and most of the foreigners living in the Philippines are not their countries best and brightest. I've been fairly successful in investing in real estate in the Philippines but that is what I did in the US as well. So it is just taking a skill set and applying it to a new market.

[@goatman3828]

I think the biggest problems are that as a foreigner you have no rights. To open a business is technically illegal. And so you do it anyway, taking a salary from your business is illegal. And if you are trying to produce something you get to have everything shut down because the power is shut off on a near daily basis. And if you are there because you are married to a Filipina, she has a temper tantrum and can get you sent packing to another country. But everything you paid for, the land, the house, the business, they all stay with her. It really is nearly the same in the USA. She, at any time, and for any reason, take half of everything or more and leave you broķe. The best option is to hold your money tight. It might not grow as fast, but you know it won't disappear on someone's whim.

[@travels129]

NO!! not unless u knw her for long time and married u love her otherwise wala . Invest in wat?? Foreigners cant own land or houses in Philippines must be in filipinas name

[@teereed1915]

Hell No

[@rorybellamy2533]

Hello Yhen , Lorie this video ran a little long on minutes . keep the good stuff going

[@TheFuentesFamily]

Thanks for watching, Rory!

[@cedricnash7735]

The Fuentes Family Your content is excellent Your interviews today were amazing. I love how everything just flows. And you just you're there. Just, you know, you're just awesome. The girls were pretty and funny. And really you know talking about? You know everything and I just liked it. A good, nice conversation and just be an honest. I love it. That's all you can ask for in the interview. Somebody to be honest and real with you and what a beautiful day it is there a beautiful day and I heard you'll haven't had rain in about 4 months. So it's time for some rain. Hopefully, you'll get some really soon. I hope you have a great evening.Great, I'll see you today.I'm very horny and I'll see you in the next video.Bye I am cedric nash your number one fan

[@TheFuentesFamily]

Hello Cedric! 🤗 Thanks for stopping by and visiting us!

[@dominichoward4833]

For 99.9% of cases, absolutely not.

[@VillageSuperstar]

Better you put in your children name. Are incorporate with your children and hope they never turn on you.🤣

[@TheFuentesFamily]

😆

[@yhencuaresma7764]

I'm not a good englisher but trying is making me perfect, sorry po my wrong grammar😅

[@gavjlewis]

I'm from England and so have been speaking English all my life and my grammar isn't perfect. So don't worry you did well. 😊

[@TheFuentesFamily]

You did great, Yhen! ❤️

[@chriselmore1969]

The reason to invest in my opinion is if you want to set up your Filipina partner for after you are gone. I plan on retiring in the Philippines and purchasing land in my Filipina's name and a home with the understanding that it will be ours while we are together and hers when Im gone.

[@arjunrajan909]

Can you please ask them. What they think about indians. Would they date an indian. If the indian is not earning well.

[@nomadpack4050]

Alot of guys getting scammed are not even meeting the women or getting to know the women properly before sending huge amounts of cash, or they lead with their wallets 🤦‍♂️🤷‍♂️

[@user-zy1oh8jk7j]

The best way for foreigners to avoid Filipino scammers is to avoid the Philippines.

[@stephenmitchell7915]

As has been noted already, a foreigner in the Philippines has no, or limited, property rights in most cases. Philippine property records can be subject to latent claims of some level of ownership by members of families in the chain of ownership which can cloud even a Philippine citizen's title . Even if title is good, easements are good, permits are good, utilities are guaranteed, etc, a lack of zoning laws can result in a pig or chicken farm showing up next door. Then you have the fact that Filipinas almost always think of their Filipino family first and the husband is expected to go along with the program in second place. I have had friends get so screwed (pig farms, sari-sari, motels) by their gfs and in-laws that I would NEVER invest in a business in the Philippines, especially with a low barrier of entry, if I have good assets in my home country! I have heard of a few successes, but not in the majority of cases. My wife is free to invest all she wants of her own money and has about a 50-50 track record.

[@TheFuentesFamily]

Thanks for sharing that!

[@kevink1214]

The notion of, that sari sari store is successful, so I will open one too and then I will make a lot of money is flawed obviously. The problem is, maybe the original store had someone who has business sense and made good decisions. Maybe they were successful because they were the only store around. Not everyone knows how to run a business. Plus sari sari stores is not a big money maker, yet takes 15 hours or more of your day to manage. That is a huge time commitment, that unless the man does not mind staying home all day, everyday . Lastly, there are men that had a good relationship however it did not work out, so it wasn't necessarily that he got scammed, but now he lost his house that he "invested in" and also possibly a business as well.

[@user-zy1oh8jk7j]

Direct competition can be good. Especially if there are several quality restaurants near each other. People get used to going there and eventually try them all. A small neighborhood sarisari, it sn't a good idea to create competition. I lived near a group of sabon stores along a highway and people from all over stopped there.

[@AgrapinoDelgado]

Is Arl single ❤ she cout mi eyes 😊

[@euro.american.passion5598]

Is there any way to get introduced to Arl, please. I really like her personality

[@crizelaquino2533]

she's my friend

[@reubenr4289]

Hi Lorie! I always enjoy your interviews with fellow Filipinas there in Bicol. This episode was no different except it was nice to listen to you talking with the two 30-something ladies 👍with the government worker getting my attention for sure 🤫 The more I watch your videos the more I want to come visit Bicol. Be good, safe and healthy Lorie!

[@TheFuentesFamily]

Aww thank you so much for your kind words! Thanks for watching and stopping by!

[@paulruano1903]

No. Too dangerous!. Ph laws are extremly hostile towards foreigners. Until oh gets fair laws, it will be extremly dangerous to put all money into ph. So always divide your wealth between countrues. Never put all your money into ph (lot, houses, biz, etc).

[@TheFuentesFamily]

Thanks for the comment, Paul!

[@williefufu2985]

Smart Laws that keep The Philippines for Filipinos.

[@chadr4013]

No such thing.

[@azterraviva6679]

Sari sari store do they sell on credit or not common

[@HunkyMan777]

Foreigners must be alloqed ro buy land or own a business

[@nomadpack4050]

I don't believe that should change. it's like that to protect from foreign influence raising prices stopping locals affordability

[@stephenjholland2011]

No

[@USA_to_Asia_in_2024]

Excellent Video as usual Fuentes Family.

[@TheFuentesFamily]

Thanks so much!

[@yhencuaresma7764]

😂😅 hello! Thanks for the interview❤

[@TheFuentesFamily]

Hi Yhen! 🤗 Thanks so much for participating! ❤️

[@westsidegreg555]

@11:20 Mango farm girl get intouch with me 😂🙌🏻🌴🧑🏻‍🌾

[@mikaelateoxon7917]

Hi po ate! Thank you po.

[@TheFuentesFamily]

Hello 😊 Thanks for participating! ❤️

[@bryanlonger8646]

Good job

[@TheFuentesFamily]

Thanks, Bryan!

[@joshuarizalforeman816]

I am a UK citizen. My wife is a Filipina whom I met in HK 9 years ago. We live in the Philippines with our family. I invested around USD300,000 in the Philippines, in property and commercial interests. We (she, obviously due to Philippines law) own property which is now valued at USD800,000. We also have investments and a regular income of around PP80,000pcm. It's nothing like the cash I was earning in HK, but it definitely suits our needs. Plus, we don't pay rent and the value of the property is increasing every month.

[@TheFuentesFamily]

Thanks for sharing that, Joshua!

[@mtnmandeluxe5429]

Hi Lorie,,_ interesting interviews! A couple were knowledgeable and a couple were a bit naive. I will never ever understand the business copying thing. It's very irritating and it just dilutes the market. If you're going to build a business,,you want something that's a bit unique and hard to copy.,,,Marlon

[@jeffuk3940]

Just don't ever upset your wife because she is the owner of everything and you won't have a leg to stand on.

[@goatman3828]

You have nothing to show for that investment. She holds everything that you paid for. You effectively lost every Piso you "invested".

[@joshuarizalforeman816]

@@goatman3828 It's all in trusts in the kids' names and nominally controlled by trustees. Neither of us can touch it without the agreement of the other. To do this simply takes a little legal legwork and a decent lawyer.

[@MUNDONGHIWAGAPH]

If you have the right partner then I have no problem investing. Me and wife have a rice field and a piggery and plan on expanding both eventually. I was blessed the day I met her and thankful everyday

[@TheFuentesFamily]

Thanks for sharing that, our friend!

[@juanmerced4270]

Don't you see that from the very beginning the country of philippines is in favor of the filipinos spouse, ; so you are already losing. You never own any thing, . Pack your things and get out from that country. In your country, you can mske it much better

[@andrewprendergast1625]

Hello y'all, great video. Mika is a smart young lady.. she has a good heart... great job Lori...

[@TheFuentesFamily]

Thanks so much!

[@gavjlewis]

I think many foreigners don't want to start a business in the Philippines but they do it to help out there partner or her family. I think many deep down know that the business will either fail or not make any profit. Building a house for you and your family to live in is not really an investment for profit as just a home to live in and a safe space for your family and something for your wife and children when you pass on from this world. Yhen reminds me of Lara Croft from Tomb Raider, a Philippines version. 😊

[@TheFuentesFamily]

Appreciate the visit and comment!

[@stevenundzid4765]