Hi All
I am in the Philippines now and planning on investing in a condo unit. I am learning lots of things so I will try and keep this thread updated as I go along as it may prove helpful to anyone thinking of doing the same.
So why risk my money in a condo...you can read lots of negative comments on the web and in this forum. So first of all it is a risk and I could afford to lose my money but I really do not want to.
I will be visiting the Philippines for the next few years and I want a form of income over here. The exchange rate is steadily improving for the peso and I see this continuing for the foreseeable future so if you are spending in Peso it makes sense to be earning in Peso. So for me the simplest and least risky investment is a condo that you can rent out at about 8-9% ROI then after about 10 years it will have paid back the initial investment and hopefully you can sell it at a profit
I am just off to Davao now to look at condos over there so I will explain a bit more when I get a chance.
All comments/advice gratefully received
Steve
