Philippine Real Estate Investors Post-Covid
12 Replies
Ronsted Yuag
from Kalamazoo, MI
posted 2 months ago
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.
Lope Encarnacion
Real Estate Investor from Manila, Metro Manila
replied about 2 months ago
Invested in local commercial and rental units here. Hoping to share ideas and feedback as well.
Ronsted Yuag
from Kalamazoo, MI
replied 2 months ago
@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
Lope Encarnacion
Real Estate Investor from Manila, Metro Manila
replied about 2 months ago
commercial units in Regions 4 and 5, leased to local businesses. rentals in Manila as well, tenants are mostly employees working in the city.
Ronsted Yuag
from Kalamazoo, MI
replied about 2 months ago
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?
Michael Orlando
Investor from Cleveland, OH
replied about 2 months ago
I'm very curious about this post. What aspects attract you to want to invest in the Phillipines?
Lope Encarnacion
Real Estate Investor from Manila, Metro Manila
replied about 2 months ago
negative on the commercial property loan. seems local banks are more open to fund acquisition of built/ cash flowing assets for smaller projects like these.
Ronsted Yuag
from Kalamazoo, MI
replied about 2 months ago
@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.
Ronsted Yuag
from Kalamazoo, MI
replied about 2 months ago
Originally posted by @Lope Encarnacion :negative on the commercial property loan. seems local banks are more open to fund acquisition of built/ cash flowing assets for smaller projects like these.
Got you. How does real estate syndication works if ever something like it exist?
Lope Encarnacion
Real Estate Investor from Manila, Metro Manila
replied about 2 months ago
most am aware of are private partnerships between construction contractors and land owners. have also seen a local RE crowdfunding platform- Flint Philippines but haven't tried it yet.