All Forum Posts by: Lope Encarnacion

1. you're right in the new ones from developers don't produce any cashflow. you might want to look at the secondary market to get better yields as the properties are already built and can cashflow right away. also easier to see comparable rents in the same development. check bank repos, distressed sellers and the like. you might also want to get a parking slot for added income as they can be leased out separately. it's also quite difficult to sell without one should you decide down the road. developers usually have an in-house leasing team to handle property management which we use for some of our properties.  

subreddits- /phinvest, /taxph 

for the viber group, you could join the meetups: https://www.meetup.com/manila-...

 you might to make sure the 20% down payment stretch scheme is for a building that's ready for occupancy. most of the time, those offers are on buildings that are still being put up. if they are offering it for buildings that are already standing, these probably still have high vacancies. probably due to proximity to work.

as for the team, developers usually have an in-house property management office to take care of sales and leasing for the building.

started with airbnb but eventually transitioned to longer term contracts as there were too many moving parts to manage semi-remotely. airbnb would probably fare better for properties outside the financial districts imho. ideally your broker would give you an idea of yield for each property you're looking at. good luck and have fun.

You might want to run your numbers and show him how you're able to offer him better rates than the bank. Goodluck and have fun kapatid.

This is one of it. There are other threads in this forum as well. There's one on reddit and viber too. Let us know what you need help with, could probably be of some use.

you might want to consider identifying your objectives and the amount of time/work you're willing to put in. good luck and have fun kabayan.

BRRR investor in Manila here, multifamily as well.

you might want to look into getting a broker or a lawyer for smaller properties like these in the city. am not sure if can post referrals here but feel free to ping me.

You might want to find distressed sellers in the secondary market. Better deals can be made if you're a cash buyer based on our experience.

hi, the loan program is processed by the government office itself. they partner with the local banks for the payments.