Do you know about - Living in the Philippines - Best "Passive" Businesses to Start
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For those Ofw's and foreigners wishing to start a business, but not wishing to involve themselves with the stress of a company arresting day-to-day operations, employees, landlords, inventory, and so forth, there are any available opportunities for foreigners living in the Philippines. Buy fixer upper properties, improve them, then rent or sell them.
What I said. It is not outcome that the actual about State Farm. You read this article for home elevators a person need to know is State Farm.How is Living in the Philippines - Best "Passive" Businesses to Start
1. Buy Fixer Upper Properties, improve Them, Then Rent or Sell Them. This is a great company for those of you who have perceive in your home country in buying, fixing up and renting or selling properties. Over the past 10 years, a lot of habitancy got complex in this kind of company in their homeland.
With the farranging economic problems in the world the past consolidate of years, the Philippines has not been immune, and there are a lot of properties in a state of disrepair, as well as lot of distressed and foreclosed properties.
2. Build An Apartelle. An Apartelle is an apartment construction where all but one of the units are rented out long term, and you are left to operate on a nightly or weekly basis, like a hotel - hence the combined name of apartelle. These are base in the Philippines.
This company will wish a heavier capital investment, yet with the right property and by focusing in the more rural areas or smaller cities, you can build a small 4 unit apartment construction for Peso 3,000,000 - not counting cost of the land.
You would want to rent out 3 units on a long term rental basis, and keep one for short term rentals - for the many traveling salesmen that frequent the countryside. They like booking into such short term apartelle units rather than the much more expensive hotels in the area.
3. Condotels. I have not given this company my "thumbs up" in all instances. Condotels have been heavily touted and promoted the past any years and there have been many, many new condominiums built in Manila, and now even in Cebu and starting in Davao.
The question is that although the developers offer great down payment terms (usually nearby 30% down financed over 3 years) and in some cases carry back the mortgage and finance for possibly 10 years, the interest rates are incredibly high, and the split of rentals with the management team runs nearby 50%/50%. There is also always a nominal monthly maintenance fee.
What looks like "cheap" entry point and cash flow out each month, in many cases plainly becomes a bet on long term property appreciation - looking someone willing to pay you more for it than you paid for it.
This is because with all the inventory on hand, there is a surplus of condos which have been into hotel type rental pools, but not adequate visitors to rent them all.
Consequently, what an investor understanding would be a good inescapable cash cow, turns out to be a continuous negative cash flow - not what a new retiree to the Philippines is looking for to supplement his pension or annuity! This type investment will only drain you pension.
However, having written all this, I Have Found the past any month two exceptional condotel investments which Do meet my criteria of creating good ongoing rental income.
4. Farming. The likely cessation of the Agrarian Land Reform schedule (Carp) will give the rural sector renewed reliance to spend in agricultural yield capacity. Carp has held back investment in both yield capacity as well as farm acquisition. An end to Carp will mean higher land prices since land will be valued for its higher revenue producing potential.
However, higher land prices are plainly a "serendipity", an added value, to the type of farming company I am writing about. I have found an very unique company opportunity, which will create a great Roi (return on investment) and is fully passive. It has been structured by the developers (all foreigners) to be a one turnkey investment price. The price includes cost of the land, plus all
Clearing, planting, cultivation and harvesting for the first 5 years.
The company has been priced to fit the capital investment allocation of the average foreigner retiree, and all landowners will be members of a cooperative which will share the farming tool (tractors, tool shed, and others). The farm will be "farmed" by the developer's management team
The hottest trend now is in organic farming, and yet it is only in its infancy stage in the Philippines. There is one export goods in particular which has caught my attention - the pili nut. The Philippines is the Only country with which produces and processes this nut in market quantity.
The current status of the pili is equivalent to that of the macadamia some 30 years ago. It has huge inherent to build into a major industry. They are in demand not only in Hong Kong and Taiwan but also in Singapore, Korea and Austria.
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