Hi Guys
Thanks for the advice, I have spent a few days reading and talking to lots of people and this is what I think
SE Asia is still growing at rates only dreamt of in the west and this is likely to continue for some time to come. Lots of money in the Phil....but lots of risk as well
1. Property - It is legal for a foreigner to own a condo or town house providing no more than 40% of the development is foreigner owned. Lots of westerners doing this and providing you buy from a reputable company (Ayala, SM, Robinsons etc) and off plan (heard lots of horror stories buying privately). Then you will own it outright and be able to make some income on rent (approx 6-7%). If you choose well and the stars align then you will also make a good return on your capital investment (think original Serendra in Taguig or quality condo in makati bought say 5-10 years ago). Although 1 bed condo makes most sense for purely rental income, I like the idea of a townhouse in a provincial city, if rental does not work then I can always live there. I am off to check out CDO, Davao, Bohol and Bacolod in January.
For a much better return but of course much higher risk then buying freehold with title property or land under your GF/Wife name is the way. Its all down to trust
Crankng up the risk a few more notches would be starting a business. I think the food and beverage business we are looking to start is not eligible for even 40% foreign ownership. Still working on the business plan so long way to go on this one
I will let you know how I get on as things progress. If anyone is is interested in similar stuff then drop me a line I am happy to share my experiences
Cheers
Steve
