Buy to Let Rental Properties
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Buy-to-Let Rental Properties in the Philippines: A Lucrative Investment
As traditional pension plans face increasing uncertainty, buy-to-let rental properties, particularly condotels in the Philippines, offer a promising alternative for future financial stability.
Imagine investing just $20 a day for six years to own a studio condotel unit in the Philippines. This investment could yield rental returns of around $500 per month after three years. Given the preconstruction property appreciation rates of 20-30% annually, this strategy not only guarantees real estate appreciation but also generates rental income that often surpasses traditional pension plans.
Why Condotels in the Philippines?
The Philippines offers low real estate costs paired with high hotel accommodation rates, making condotel investments exceedingly attractive. Beth Collingz, International Marketing Director for PLC Global?"a firm specializing in condotel sales for the Lancaster brand?"emphasizes the shift from failed pension plans to real estate investments.
Many savvy investors are transitioning from insufficient pension plans, which some compare to pyramid schemes, to investment options that promise consistent monthly income. With bank savings offering low interest rates, condotels present an opportunity for returns between 8% to 16% per annum.
A Strategic Investment
Condotels should be seen not just as real estate assets but as income-generating properties akin to managed pension plans. The hassle of finding tenants and managing property is handled by professional management, offering a seamless experience for investors.
Consider a client from Chicago who invested in four studio condotel suites at Lancaster The Atrium Manila during its preconstruction phase. His plan? Retire in the Philippines by 2012, live in one suite, and earn rental income from the others. With an investment of only $85 a day over six years?"without upfront payments or interest?"he is set to receive $1,500 monthly in rental income. Buying preconstruction not only amplifies property appreciation, potentially reaching 60-80% over three years, but also allows investors to adjust to inflation as hotel rates?"and subsequently rental income?"escalate.
Opportunities for Foreign Investors
Foreign nationals can legally purchase up to 40% of the total condo units available, creating opportunities for overseas Filipinos and international investors. Buyers hail from diverse countries such as South Korea, Australia, the United Kingdom, and Saudi Arabia.
Lancaster - The Atrium Tower II, adjacent to the sold-out Tower I, offers studio, one, two, and three-bedroom suites. These suites can be reserved with internationally standard escrow trust accounts and easy payment plans, including interest-free terms up to six years or in-house financing up to twelve years. Full condo ownership comes without management costs or substantial monthly maintenance fees.
Property Details and Payment Plans
All units at Lancaster Suites are equipped with kitchen facilities and include interior finishes such as tiled bathrooms and simulated wood plank flooring. An optional interior fit-out package, inclusive of appliances, is also available. Monthly condo dues are approximately 80 pesos per square meter.
Currently, suites can be purchased on a new, competitive payment plan with no interest and no down payment required. Buyers can pay 67% over 60 monthly installments, with the remaining 33% due upon unit turnover or spread over five more years through hassle-free, in-house financing.
The selling price for Lancaster Manila Atrium Tower A studio units is approximately $1,615 per square meter, with options for one, two, and three-bedroom suites available. All payments are made to an escrow trust account for added security.
With a proven track record from Tower I, initial buyers of Tower A units can anticipate property appreciation of 60-70% upon turnover.
Investing in Philippine condotels not only secures a robust retirement plan but also opens doors to substantial financial growth.
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