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Real Estate Ownership - How easy is the property purchase process in the Philippines? Foreign nationals cannot own land, but can own condominium units or

Buying condominiums A downpayment of 0%-30% is usually required. Ownership of condominium units is evidenced by the Condominium Certificate of Title (CCT) but the transfer of title is usually not executed until the property is fully paid. Foreigners can own up to 40% of a condominium project.

olders of Special Resident Retiree’s Visa (SRRV), a non-immigrant resident visa, can get additional benefits aside from being allowed to buy a condo unit or lease a parcel of land or a house and lot. The SRRV holders can reside in the Philippines permanently, with multiple-entry privileges and zero travel taxes.

Basics of Real Estate investing The basics of real estate investing are as simple as any other trading concern, namely to buy low and sell high. But as property values fluctuate, and homes may appreciate as well as depreciate in value, the investor will soon realize that there is more than just buying and selling to property. The property must be maintained, developed, and improved. The smart investor will consider how to maximize gains by working with contractors to do the construction of a property, or the development of a lot, in house. If one considers the savings involved with buying a lot, purchasing the lumber and other construction supplies oneself after heavily researching the market, negotiating the best rates with contractors to do the construction, and then landscaping and decorating the property oneself, the conclusion will quickly be that a 40% savings on the retail market price of a new property will be found.

For those considering investment strategies in real estate for retirement, college education funds, or other reasons, a smart analysis of the real estate market both locally and nationally is required. Many real estate investors limit their options to the local market, rather than considering if the investment may be more favorable in another state or region. Vacation rentals or beach front property is increasingly used as a retirement investment as well as a second home. Another way to maximize the return on you real estate investment is to buy a depressed property and to renovate or remodel it. You can improve the property value of the house by doing simple repairs, painting, landscaping, and decoration. Another time tested investment strategy is the rental unit. Not only does the property continue to appreciate as you own it, but the rental income should more than cover the mortgage payments to the bank.