5 Pros and Cons of Condo Investing | Philippines

5 Pros and Cons of Condo Investing in the Philippines.
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📒 Show Notes and Timecodes 📒
0:00 - Intro
1:20 - What is real estate investment?
2:01 - Pros/Adv. 1: Convenience
3:01 - Pros/Adv. 2: Security
4:35 - Pros/Adv. 3: Amenities
5:47 - Pros/Adv. 4: Low Maintenance
6:26 - Pros/Adv. 5: High Rental Yield and Property Appreciation
7:00 - Cons/Disadv. 1: Less Privacy and Busy Environment
7:32 - Cons/Disadv. 2: High monthly condo association dues
7:58 - Cons/Disadv. 3: No FREE Parking
8:25 - Cons/Disadv. 4: Lack of flexibility to expand and do major renovation
8:57 - Cons/Disadv. 5: Pets are not allowed
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#prosandconsofcondoinvesting #condobuyingtips #advantagesofcondoinvesting
--------Camera and Accessories Used To Shoot This Video ------
Camera - Samsung S20
Audio - Samsung S20 built-in mic on headphone
DISCLAIMER: This video is not sponsored.
About This Video:
In this video, Desay Barretto enumerates the 5 Pros and Cons of Condo Investing. Buying a real estate condo in the Philippines like any other real estate investment is very costly and if you ever start it the wrong way it will be a very painful and costly mistake. These action steps will also help you make a wise decision in choosing your long-term condo investment. Check out this video for more practical tips and easy-to-follow action steps in buying any Condo Investment in the Philippines!
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Artist Alan Walker
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AEI (on behalf of NCS); ASCAP, LatinAutor - Warner Chappell, Warner Chappell, LatinAutorPerf, CMRRA, Sony ATV Publishing, Polaris Hub AB, and 12 Music Rights Societies

[@DesayBarretto]

For SMDC condo investment inquiries, kindly direct message me on:
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⚡ Let me know in the comment down below if you have questions or other topics you want me to feature on my next vlog❗ Thanks❗ 👇🏼 ** 📌 😊

[@grazyrm9421]

About sa cons po , ung monthly dues . Thank you mam for sharing. I am on going na nghhulog sa preselling condo of smdc. Nkakkaba ung monthly dues , pano kung wala kang ibang income tpos mas malaki pa ang monthly dues

[@DesayBarretto]

Hi Grazy. In case yan po ang maging sitwasyon need niyo po kagad mag decide na ipa-lease ung unit niyo para matulungan po kayong magbayad sa monthly amortization & condo dues. 💯❤️

[@ajcruz6252]

I do have a question maam what about you do a topic about the best developers Pag dating sa condo here in the Philippines

[@DesayBarretto]

Hi AJ! I'll do my best to make one. 😄

[@genalyncabasal9460]

Hi ma’am is condormitel a good investment? Like Green Residences?

[@DesayBarretto]

Hi Ms. Genalyn, yan po exactly ang concept for Green 2 Residences and definitely good investment siya kasi nga balik face to face classes na tayo this coming November.
Watch niyo po ung video ko mamaya about Green 2 Residences na mag live mamayang 5:30PM. Salamat po. 💯❤️

[@kryzbryllbarrientos3829]

maam goodevening ano maganda for flipping?at ano madali idispose 1BR or 2BR? salamat kabsat

[@DesayBarretto]

Mas madali pong i-flip ung 1-BR but it should be located in a very good location. Then kung 2-BRs naman dapat maraming amenities na pang pamilya para enticing na i-flip.

[@kryzbryllbarrientos3829]

@@DesayBarretto Maam na view nio po ba ung new projects at Commonwealth avenue at quezon city ang name po is Erin Heights under pi xa ng DMCI?sa tingin nio po ok po b location nun?

[@icegel26]

Dear, ns Dubai din po ako... Me. Ask. Po ako.. Kse kumuha ako s Ayala Land amaia skies Shaw.. 5.5M Un... Murang monthly down-payment Nia in 3 yrs and 8 Mos. Kso the rest ilo loan dw s bangko.... Is it wise n nag down-payment ako? 10k Lang po reservation and kahapon Lang po.. Parang gus2 Kuna umurong kc auko mgloan s bank.

[@DesayBarretto]

Hi Ms. Angelle. Usually naman po talaga the DP is around 10-20% of the TCP and ung balance po you need to pay either by CASH or Bank Financing. Dapat po lagi niyong i-check at itanong ang monthly amortization after the DP since this will tell you if you're capable ba to pay the investment.

[@kashinkalo679]

After nyo po ma fully-paid ang DP, depende pa po yan sa bank if i approve kayo depende sa monthly income nyo. Meron pong mga nakatapos na magbayad ng DP tapos hindi na approved ng bank. If wala kayong pang cash out, malabo ibalik sa inyo ang DP nyo. Never po kayo mag in-house kasi malulugi kayo sa laki ng interest compared sa mortgage loan sa bank. Punta na po kayo ng bank to apply early para malaman nyo agad if i aprrove kayo.

[@DesayBarretto]

@kashinkalo679 I agree with you po. Dapat lagi niyong i-check kung magkano ang magiging potential bank monthly amortization niyo vs your monthly budget. Aside from that 6 months bago matapos niyo ang DP dapat mag start na kayong mag apply ng bank loan.
If you need help, online platforms such as Nook can also help you for free to look for the best bank loan offers, check them out on this link here ➡ bit.ly/nook_help 💯❤