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buying real estate in philippines

mikebrant1973

i read here many story about pepole that want or think to buy a real estate in philippines.
First let me advice the new comer here in philippines , i give you free advice : no need to buy the cow for a glass of milk !!! stay single and have good time !
thats mean i know many foreigner marry the first pinay the saw .
if you have philippina gf or wife without your child from her  , DO not buy no property here !
IF YOU HAVE A CHILD (your own child) from your gf/wife philippina you may consider to buy a real estate, but do not buy in cash ! even if its seem cheap.
the best thing to do is to look for a Assume , for example the house cost 4m , you pay the owner 1m cash and you assume is mortgage the 3m , but you pay it for 10 or 20 years.(All on the name of your wife/gf)
like that your monthly payment will be cheaper then a rent , then its your own house.
And more imported, the wife/gf will never think of leaving you as she will need you to pay the mortgage for 20 years   , you can add a rent contract between you and your partner for 20 years , in the end it will be more cheap then just renting house .

See also

Accommodation in DavaoAccommodation in the PhilippinesBuying property in the PhilippinesAccommodation in ManilaAccommodation in Iloilo
Enzyte Bob

mikebrant1973 wrote:

the best thing to do is to look for a Assume , for example the house cost 4m , you pay the owner 1m cash and you assume is mortgage the 3m , but you pay it for 10 or 20 years.(All on the name of your wife/gf)


I'm allergic to milk, but in the states I would buy a Prime Angus Open Range Grass Fed Cow, enjoying Filet Mignon, T-Bone Steaks, Porterhouse Steaks, Bone In Rib Eye Steaks and Prime Rib.

If I was in Japan I would enjoy Kobe Steaks, but don't worry "Mike" I'll save the Milk for you.

IN 20 years the majority of ÍæÅ¼½ã½ãs will be dead, then your young girlfriend can invite her backup lover to move in. :D

mikebrant1973

yes but my advice save you money ,,more cheap then rent,,,,unless you sleep in the street

manwonder

Quote by Ellen DeGeneres:
“You should never ass u me."
You know what happens when you assume. You make an ass out of you and me because that's how it's spelled.
:D

PJm1

So I guess the question is buy or rent?

FortuneFavorsTheBold

Buy if you don't care about actually owning the property. Hahaha