I know it's the season of goodwill but that sounds just too cosy for my liking.Originally Posted by imagine
I know it's the season of goodwill but that sounds just too cosy for my liking.
Yeah I know, but based on 1 property it's not a lot to risk, when I look at what I've wasted over the 2 years in Ireland and UK.
I've spent about £40,000, since leaving Philippines 2 years ago, in rent, flights and trying to satisfy immigration, it's all been a big waste, much more lost, makes this look like a small risk in comparison
Sounds like the place is being pawned for 2 years. What happens if you don’t get the 150,000 back?
Free rent with the chance of making a profit on someone else's property? What's in it for the owner? What about the maintenance?
As it stands you've got the better deal by the sounds of it, but in reality.......
That's a small sum to invest. It's the PI, lots of sharks swim those waters and they ain't all in the sea.Your cash, your risk, but remember the old adage, if something seems too good to be true, it invariably is
Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again. But life goes on.
The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen in her eyes, because that is the doorway to her heart, the place where love resides. True beauty in a woman is reflected in her soul. It's the passion that she shows to the outside world.
After 2 years end of contract, they find another person to take over. It is increased by up to 50 thou making it 200 thou to the new person. That's when you get your 250 thou back, they get 50 thou gain.
If they are unable to replace you and unable to pay you back, then they must offer you to extend if you want until they find someone. If you don't want that, they must find the money. If they fail, they must offer to sell you the property minus your investment, or sell the property to someone else. A contract is all signed up with an attorney and covers such a situation.
Yes, reality, I guess if I don't try I'll never know, but then end of the contract and getting your investment back is the worrying bit.
2 are available as of now, but I need more time to think. Told them so and will think more on what to do. Going to Malaybalay tomorrow, where I will wrack my brain, lol.That's a small sum to invest. It's the PI, lots of sharks swim those waters and they ain't all in the sea.
If anyone ever tries to rush you into parting with your cash, walk away.
Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again. But life goes on.
The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen in her eyes, because that is the doorway to her heart, the place where love resides. True beauty in a woman is reflected in her soul. It's the passion that she shows to the outside world.
Have you ever tried to get money back in the Philippines???? Sorry mate but you have a lot to learn, (No offence meant, just good advice)
Don't want to pee on anyone's chips but that seems a lot of palaver for a small return. If it's such a good deal, why doesn't the attorney or property agent sink all of their available cash into it?
Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again. But life goes on.
The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen in her eyes, because that is the doorway to her heart, the place where love resides. True beauty in a woman is reflected in her soul. It's the passion that she shows to the outside world.
Official check in and out?
Delapitations, who pays if the house needs work doing on it?
What if they don't find someone else? Sounds just like a pyramid scheme to me. With the data I see I wouldn't touch it in the UK without solid contracts, never mind the Ph ...
If my maths are correct, the profit you make over two years equates roughly to £10 per week. Not worth the £2k+ investment in my eyes. It sounds very much like a pyramid scheme too, like Trefor said.
Don't chase your losses either Stewart.
Was your original plan for you to both stay permanently in the UK?
Yes, that was the original plan.
Thanks all, I'm taking on board all your inputs advices.
My Mrs is the one that does the rushing. She sees what she's convinced is a good thing, hard headed and doesn't want to hear my negatives, hard to deal with sometimes. All the input everyone has given is the negatives I gave her before my reading your replies. Been looking for confirmation, I was tired on arriving and was hard to think straight on it all. That's why I started this thread for your inputs and why I made a determined decision, I wasn't going be be pushed into it and so told Mrs and the other parties I need to go Malaybalay and think on it for a week.
Stewart... don't do it mate.
Rent a cheap place while you get your head together, and keep your money in the bank.
Don't get involved financially with the locals (including renting places out to them), and keep generally 'below the radar'.
So much less stressful.
Update on the normal reality: Arrived in Malaybalay late afternoon, staying at Lolita's sisters. Tomorrow had planned to go to Cagayan for immigration. That will take the day up, and we have not seen her papa yet, so I've decided to put off immigration for another day, so tomorrow we will see her dad. All the family was at her sisters apart from papa. They were all delighted when the suitcase full of chocolate was opened. Lolita crumbled and cried when we got to sisters house and greeted her sisters.
Aww... sweeet.
Take it slow and easy mate.
Yes Stewart, do as Graham suggests and you won't go far wrong
Yes Stewart, do as Graham suggests and you won't go far wrong
Decided to stay put in Malaybalay, forget about the too good to be true stuff.
Well, been to Cagayan immigration yesterday, no fines just 2 x the 320 fee for the the 2 years missing report.
So went shopping and spent more than a 2 year fine lol, came back today after staying overnight at Lolita's sisters.
Her papa has brightened up a lot since Lolita has come back, even had a short walk with walking frame.
Good to hear Stewart. Take it easy, and keep us updated mate.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Quote Reply
