All Forum Posts by: Kyle Darwin Enriquez

@Indro Dhar

Thanks for replying. I am just checking I am not the only one that thinks the numbers don't make sense at these rates. I came here because I have been watching and reading about real estate investing. A lot of the thing they say just don't apply or make sense in the country I live in.

(I am currently in the Philippines BTW. Local, so I don't have to deal with the red tape they have for foreigners)

As for alternative financing, there are but they are double what I could get from a bank. There is a program for low income housing but the loan is limit to about $20,000 

Right now I am evaluating if I should just buy and renovate a house with cash. I could probably find a good enough deal that is within my price range. Still, I think its going to be a hassle and getting it to cash flow would be difficult. With the price and quality of the houses I see in listing I dont think I can find a deal that follows the 1% rule (never mind the 2% rule)

I live in the country that where it cost to get loan is really high compared what you can get in the states. A 30 year fixed-rate low is practically non-existent here. Terms are only fixed for the first 10 years and it cost around 8% to 9.5% of interest. Does the math of still work?