Rent or Buy A Place To Live - Page 2

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Rent or Buy A Place To Live - Page 2


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  #11 (permalink)  
Old 3rd November 2013, 06:56 PM
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Phil_expat is a jewel in the roughPhil_expat is a jewel in the roughPhil_expat is a jewel in the roughPhil_expat is a jewel in the rough
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My friends have used many schemes to own land: A) create a corporation that is 60% Philippine owned that buy the land. B) Put it in wife/GF name and have her sign a lease that is in your name. C) in her name and she sign a mortgage that she owes you an amount equal to the valve of the property. D) a wealthy Filipino (half American) friend will buy the land in his name, sign a 50 year lease in your name and give you a bill of sale that he sign with no date or name of the buyer. You fill those in so you can sell it.
The validity all these schemes have weaknesses of laws that can change and ruling of an unfriendly court. Is it worth it? A friend of mine has built many homes for expats and said he would build mine but his advice is it is better to rent and not buy. The only reason I am considering buying is security for my family not for personal gains.
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  #12 (permalink)  
Old 4th November 2013, 03:26 AM
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Quote:
Originally Posted by lykabatalla View Post
hi mccaleyboy!

I understand your concern, I am a licensed real estate broker in the Philippines. I can help you if you would like to continue to buy/ lease a property in the here. Please feel free to call me at +639175616187.

Thank you!

Lyka batalla

I'll remain a squatter and if we for some reason I get kicked out this place (rural area, family has been here since 1942) I'll go squat somewhere else or rent a hole in the wall for 1,000 pesos a month, no money to be made here I also don't sign contracts anymore that's a US and European thing and main reason why I come here to get away from professionals, contracts, lawyers and opportunist. No thanks! This is the Philippines and I will have "My way".
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