Should YOU Buy A Condo In The Philippines?

[@JWW10666]

Young brother, A luxury condo caters to an entirely different market and clientele than a low end condo so you will always be able to find a renter/buyer for them. I own 2 condos in Makati, one ( 70 SQM, 1 bed, 1 bath) I acquired in 2019 for P8.5M (currently worth P15M) and the other (150 SQM, 2 bed, 2 bath) I brought for P30M in early 2021 (currently worth P45M). Both condos are currently being rented, with the most expensive condo being rented out for P180k/month by a Chinese couple and the least expensive one going for P80k/month by an Australian guy.

[@stephenr2195]

We bought a condo, I don’t consider the place you live as an investment, but a choice on how you want to live. Buying allowed me to pick the complex, the floor plan, the upgrades, the interior design, the direction of sun….. that I wanted. Finding a rental with all that would have been impossible.

[@CoMi000]

I agree with this as well ✌🏾

[@Thiefs202]

You great ! Good points

[@Shanks6039]

Very helpful

[@nikumimito3164]

100% accurate, too many of them are going for western prices. I'm not paying 50-100k USD for a 25-40sm box. Renting is a really good idea there since its cheap.

[@CoMi000]

Exactly. I’m cool with spending 30k usd per condo to eventually rent out to ppl in the future but anything over 50k usd is when It gets crazy. Lots of my friends from California moved to Texas to get houses for around 150k so 50k+ for a small box in the Philippines ain’t worth it.

[@ThriveTrack-Finances]

Great content! How do you make money to sustain yourself and family?

[@MarkPuke13]

Been thinking bout it... hopefully i

[@sarcasticadvice95]

Just because you should…………absolutely always means you should

[@Jeremiah-o5b]

Can you share the link to the condo place you bought?

[@marsnalmonds]

what is the developer of the condo in the video

[@rorybellamy2533]

Good report

[@kncthesecond9479]

Brother I’m literally waiting approval for Saekyung it’s been almost 2 years now

[@CoMi000]

Woah really? It took me just a week or less to secure my deal. I see so many new people moving in there these days too. There are two saekyung’s though. One at the edge of lapu lapu city near all the beaches and the other by the bridge closer to Cebu city.

[@NewLifePat]

Do they let you pay for your condo mortgage online??

[@janpotti2660]

so if you buy a condo in cebu or bohol for ex what is an example that you pay a month because i also have an condominium in my country that i still have to pay off for 10 years

[@axizcorp]

You get what you pay for. How much do you pay for association due, if you pay less than 2k php per month don't expect the condos to be well maintained.

[@CoMi000]

True

[@noneofyourconcern5448]

I heard if you invest 50k$ you can get the investment visa. So no (2)monthly visa? I'm considering moving there also. I'm 36 want to retire there.

[@CoMi000]

You’re right it’s around the $50k-$70k mark. That’s great bro, do you want to retire in Cebu or Manila?

[@noneofyourconcern5448]

@@CoMi000 has to be a certified condo by pH. Gov. But I read they give you limitless visa? Not certain where for now. Maybe Eastwood-Manila, Cebu, or davao Trying to find a spot where beach, nature and malls are together

[@deadcell1]

​@@noneofyourconcern5448 If you are between the age of 35-49 you can apply for the SSRV classic visa. They require a deposit of $50k that can be used to invest in real estate. That way you won't have to worry about getting extentions and exit clearances..

[@NewLifePat]

It’s 70k I talked to a visa agency a couple months ago

[@noneofyourconcern5448]

@@NewLifePat from December though juni there is an bronse elite via available

[@moymoy237]

Lapu Lapu City former Mayor Arturo Radaza and Paz Radaza this is my auntie and uncle...💕💕💕

[@rein3684]

Why did you change your KZbin channel name? Been trying to find you

[@CoMi000]

Oh, I changed this a while ago bro, just thought this suited the channel more. Welcome back though 💪🏾

[@The.juan.fernandez]

Did you buy straight up or down payment? Im coming back in September and want to buy in makati because its my general area. But im not sure about financing and opening a bank

[@The.juan.fernandez]

You got instagram?

[@CoMi000]

Most sellers want you to pay the “assume” price which is usually 20-25% of the full price before being able to move in. They usually go for the fast money when making the sale. I told the seller I’ll pay half the assume price, half a year of monthly payments, and then after that pay the rest of the balance at once to avoid extra fees. I haven’t opened a bank out here and never will tbh. You’ll be fine with using western union, gcash, debit card, or cash.

[@CoMi000]

I have my email on my page and we can exchange instagrams on there bro

[@DayuhansDiary]

How long is your leasehold? I’ve been put off buying in PH due to the relatively short leaseholds (compared to U.K.) Not sure if this is just in Manila

[@CoMi000]

I have freehold so I get this unit forever. If you’re on leasehold it’s up to 50 years though before renewal. You’re good bro, you can get a condo anywhere here without any issues.

[@DayuhansDiary]

@@CoMi000 thanks for the reply! Really appreciate it

[@BobbieS-j7l]

#1

[@BobbieS-j7l]

#1