Buy to Let Rental Property
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Buy-to-Let Rental Properties: A Smart Investment in the Philippines
Summary
Investing in Philippine Condotels is emerging as a promising alternative to underperforming pension plans, offering strong returns through rental income and property appreciation.Introduction
As traditional pension plans falter, many Filipinos and overseas investors are turning to buy-to-let rental properties, particularly condotels, in the Philippines. These investments offer a compelling combination of real estate appreciation and rental income, appealing to those planning for retirement.Investment Overview
For as little as $20 a day over six years, investors can purchase a studio condotel in the Philippines. This investment promises a monthly rental return of approximately $500 after three years, alongside significant property appreciation of 20-30% annually. Such prospects surpass the returns of many pension plans.Why Condotels?
The low real estate costs and high hotel accommodation rates in the Philippines make condotels an attractive investment. Beth Collingz, International Marketing Director for PLC Global, highlights how savvy investors are moving away from unreliable pension schemes in favor of real estate investments that provide steady income.Financial Advantages
Condotel investments yield rental returns of 8% to 16% per annum, presenting a lucrative opportunity beyond typical residential properties. Unlike traditional real estate, condotels are fully managed by hotel services, sparing owners the hassles of landlord responsibilities.Case Study
A client from Chicago recently acquired four studio units at Lancaster The Atrium Manila with plans to retire in the Philippines by 2012. He’ll live in one suite and earn rental income from the others, easing his financial reliance on government or private pension plans. With payments of $85 a day over six years and rental income of $1,500 monthly, this strategy also benefits from property appreciation and inflation-adjusted income.Foreign Investment Opportunities
Foreign nationals can own up to 40% of condominium units, with increasing interest from investors in South Korea, Australia, the UK, and the Middle East. The Lancaster Atrium is popular, offering competitive payment plans and full condo ownership without management costs for condotels.Buying Details
The Lancaster Suites offer units with kitchen facilities at a base price, including tiled bathrooms, wood plank flooring, and kitchen cabinets. Optional furnishing packages are available. Current monthly maintenance fees are affordable at around 80 pesos per square meter.Flexible Payment Plans
The Lancaster Atrium provides a no-interest, no-down-payment plan with 67% of payments spread over 60 months and the remaining 33% payable at unit turnover or extended through in-house financing.Pricing
As of March 2007, the price for studio units in the Lancaster Manila Atrium Tower stands at 75,888 pesos ($1,615) per square meter. Larger units are priced slightly higher, but all include taxes and can be financed over six years without interest.Conclusion
With the projected appreciation of 60-70% upon turnover, the Lancaster Suites present a compelling investment opportunity for those seeking financial security in retirement. Payments are securely managed through a trust account, ensuring investor confidence and safeguarding returns.Beth Collingz
PLC International Marketing Networks
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