@@Bob-wm5pz Don't be a fool. He never said he owns it. The ownership papers are in his wife's name. Stop commenting on things you clearly don't understand.
@@Bob-wm5pz any foreigner can own buildings and houses and vehicles. The land the building or house is on only a Filipino can own. But as a foreigner you can get a 25 year lease on the land and either build a house or buy the house sitting on the land. I’m very familiar with laws here especially when it comes to permits houses and land. You are the one who is naive. Actually you don’t even have to be married to a Filipino to buy a house or build one. Just secure that lease on land first.
What is harder, finding people who want to rent a room or who got out into a restaurant? This is the philippines, there is almost no chance to have locals eating out in rural areas and who want to visit Leyte. This is a very hard business to ever break even in this location. I guess thats what he found out the hard way.
Nice house and nice restaurant and beach..nice guy and nice and pretty wife.. I am so sorry for your medical problems.. hope everything works out well for you and your family 🙏👍🙏
Expats sometimes build these great houses and put a lot of money into them. A problem comes in selling them as there is a small market for places in those price ranges. I have seem absolutely beautiful homes on the market for years.
@normalperson9646 Not saying this particular house but in general...finding a built house in Philippines that's bigger in size... you might get a deal.
@@alfredhitchcock45 That's laughable...structural stability....did you see that closet toilet, door over the steps, the arms-wide master bath? That blue room is like a torture chamber! Nah...it's not even in the category of eclectic but outright gaudy!
You know, a place like this many foreigners out there would buy it in a heartbeat and not just because of the property. He just need to market it in America, or online to foreigners, and sell them the Filipino dream with a beautiful Filipina and stuff. There are tons of retirees with a LOT of money to burn waiting for this opportunity.
I agree, its a custom home to HIS and his wife's specifications and desires. I dont see any comparable in the area, so how do you put a price on a one of a kind custom home? I dont see Filipinos rushing to buy this. It would be a rich ex-pat that maybe would take it as a turnkey operation. But its very hard to justify 340K on a home in the Philippines when IF I had that kind of money I can build my own custom home even better than his. SO no motivation for me to buy this home at this price point. And what if I want the home, a 2 bedroom only, but DONT want the Restaurant? Can I buy the house separately? Or can I sell the restaurant? But then again, what Filipino has the money to buy a restaurant? This home by itself seems more like it should be priced at around $150K for a 2 bedroom only, at least that's what I see on average for most 2 bedrooms in the Philippines these days. Again, anyone with money knows they can build their own custom home just like this guy did, so the motivation to buy this custom home is low.
You can sell, but only if you build Philippino style. And thats means not more then 2 million. And you will not get 2 million back on a 2 million house and thats normal and good. A house has a lifetime, just like a car or else.
That's right. Next, get the local Licensed Realtor & Appraiser to evaluate the structural of the building and the location. Then, get involved with the local reputable Real Estate Broker for final evaluations! On this way, your monies is safe and no buyer's remorse after buying this real estate! Always remember this is a Littoral because of the history of typhoon and or storms.
IN PHILIPPINES YA HAVE LOW WATER PRESSURE,I HAVE A 2 Story and I put in a holding tank,stainless steel and a buster pump with a expansion tank,,my pressure is maintained at 35 psi and always steady,I am a retired engineer and was a merchant marine and U.S. NAVY,DESIGNED MY WATER SYSTEM AFTER SHIPS!!
I have seen many of these high end places sit on the market for extended periods of time while her family moves in and runs them to the ground as the expat returns home with only his SS and faded memories. Overpriced by $100k.
Thats the problem with buying or building a house in the Philippines its impossible to sell. Hes lucky if he gets 125k for that house. If he will take 125k i will buy it oh wait foreigners can't own land in the Philippines how does someone even buy that house if they cant own land. This guy made a huge mistake building that house 💯💯💯💯💯
I built a house on a piece of land in borelli on Cebu The land was about double your size The house I built was a lot fancier it had teak doors a full guest house in the back beautiful ocean views and volcano views The best of everything.... Did not have a restaurant on it a lot would depend on how much the restaurant brings in and if it's profitable I did open a restaurant in town a few miles away really only broke even on that... The problem is finding someone with all the money I did get lucky and sold mine for 7.5 million pesos.... If you like it there you should consider just keeping it as it's going to be extremely hard to find someone with 19 million peso cash... Good luck and take care of yourself....
@@llothar68 i wouldnt sell my tiny 1024 sq ft house by the beach for 8 million. and i have no restaurant and only 2 bedrooms upstairs and a nice big terrace.. one bathroom downstairs and kitchen & living room... but i built it with my own hands and could never duplicate it.
Wow! What a dream place and lifestyle. Could be life changing business opportunity for the right family. Really like the engineering thought that went into it. He was very wise to not skimp on the fasteners. This is how you survive a typhoon. I was thinking to myself, why would this guy ever give this up?...and then he said what I was thinking...Must be health related. Health is everything and I hope he has a speedy recovery. Thank you Tim, for sharing this amazing walk through.
Great location. Unfortunately tiling and decor has no uniformity and is about as inconsistent as it comes. Sorry to hear you have medical issues, hope you get what you need.
Its hard to sell high priced homes in the Philippines....no matter how beautiful they are. I've been trying to sell my $600,000 + American style beachfront 3 story house with a gym in Subic bay for 4 years. Of course the pandemic and the worldwide economic downturn didn't help. Good luck
@@waterlily2839_chua ...you are right. The few low offers we got were all from foreigners...sadly...but understandable. In the meantime I will enjoy the hell out of it😁
@@MarcusLuciano Medical Bills where? Didnt he had a health insurance? Or in the USA? Need to sell things for medical care is a bit of a foreign concept for me, I am from Europe.
This guy's a bit disingenuous, and you could probably get it under 11m. I just looked online and 2 months ago it was listed at 17m. Then there's a youtube video from last March that had it at 13m. He raised the price $100k - a special price for Tim's viewers, I guess. Be sure the restaurant income they say they are making are likely to be accurate. Their site says $200k pesos/mo, which I highly doubt in such a small town (but who knows). Buy this because you can afford to live your dream, not because you need the profits to sustain it.
@@rayfinkle9369 it’s never been 13m sir. You can’t get 2000 square with house for that here. There is a house on a lot next to the road down the way if you want. It’s 250 square land and 10m. 40k a square. Even at 19m and 2000 square that’s 9500 a square. Now that a square deal! lol 😂
Weird why dose the account commenting here claiming to be the owner say Kent hoover. But the person selling Saya Kent Quinton. Yet the wife is a total different last name. This seems very very fishy. Why they hidding? Use caution. Not only the steep price.
11:20.....Water preassure, I've discovered after lots of driving around and looking at the water pipes installations and meters, most water mains are connected to multiple homes. The house that I rent, is connected to 5 homes, so water pressure is and will always be a problem, of course, a water tank, two or three, with a Pressure Pump that provides at least 45psi, will counteract the lack of pressure. Of course, sometimes your Tanks will suffer lack of water input due to the prevailing main Lines pressure.
@@VirginiaEstayane happiness? It litterally looks like a run down motel from the 80's. Nobody but this guy would be happy there. At least nobody who could actually afford it. This is not a nice house. Its not even an okay house.
I agree with the first part of your statement, that this place is way overpriced and built to local standards. However, you can make money in real estate if you’re careful. I built a beach front home in Bali and the price has almost doubled in 4 years.
My wife has a small house in central Thailand built on property her sister owns. A foreigner cannot buy land in Thailand. I am concidering buying the land to give us better control of the situation. Here is a golden nugget for all of you expats and future expats... I will only buy that land if she signs an iron clad 40 year lease to me. Think about!
It was on my bucket list of places to dine at. Is it still open for business until it sell? That sounds a bit selfish on my part, I truly wish Kent and Liza all the best, especially in regards to his health and future success.
@@kenthoover8427 I won't be in the Philippines until late March. On the one hand, I hope you make the sale before then, but if not, then I'll definitely be dining there. Thanks for the reply.
I have owned property in Cebu for 30 years near the city. I have wanted to build similar to this but wasn’t convinced that it could ever be sold. Wish you great luck in selling but recommend you put together a plan B asap.
Too expensive for a 2 bd 2 bath in Philippines 🇵🇭 don’t get me wrong it’s beautiful and his attention to detail is amazing 👏🏻 but just a little over priced
Really??? Tropical gardens, sea views, beach, house, restaurant as an ongoing business and all fixtures and fittings thrown in as well. Bargain if you ask me. Where I am in the UK the price would buy you a 1930's 3 bed semi needing modernisation. If I was 30 years younger I would seriously consider this property.
@kenthoover8427 bro Kent hope pray 🙏 health goes well 😊🎉 why not borrow against it instead if starting over may we ask what is your health issue most issues can be fixed maturally don't trust too much in doctors medicine 🏥 ho$pitals 💊 n ŝcienc3 take care kent bro😊 G❤D bless
Too many foreigners way over built for the area.. And you will be lucky to get your money back.. I see this happen about five or six times in the Philippines.. Good luck i'm getting your money back.. By selling this real estate..
The idea that real estate goes up in value is insane. It should go down 5-10% per year, because this housing is total done and garbage after 10-15 years. Then the house becomes a burden and lowers even the pure lot price for the real estate.
Wow got me thinking about selling my house, motorhome and cars and buy this and live there!! I hate that he had medical issues and that he needs to sell his dream home.
Yeah, I felt sad as video progressed as it is evident how much they lov the place & then even including his tools in the potential sale. But strangely I’m glad that they BOTH looked sad. It is awful when one spouse wants to sell & the other doesn’t. I know.
06:55 Master's bedroom has an exterior door with no balcony and no stairs! This guy is two moves ahead. Perfect get away for a young girl in case wify arrives home unexpectedly.
You can tell how proud he is with what he and his wife have achieved. What a fantastic purchase and business for the right buyer. Great detailed tour of the property.
Well I didn’t want livable area upstairs. Like with rooms and stuff? Where family members could live? No I wanted a rooftop deck overlooking the bohol sea to drink my coffee and enjoy the beautiful beach view my friend.
@@kenthoover8427 poor layout, poor detail and very gaudy color schemes. but....obviously what you and your wife wanted, but such details will impact your ability to sell for what you're looking for. however...if the bar/restaurant is a thriving money printing business, then you may well be selling too low. in that case, instead of focusing on the house, you should have provided monthly turnover, costs and profit..including how much (if any) you and your wife are paying yourselves. in that case, why are you wanting to sell all? you could sit down with the local manager of BDO or BPI and arrange a business loan with the property as collateral. no risk to the bank and you get cash for your medical treatment, and get to keep your dream house/bar-restaurant, and only pay nominal interest on the loan. wish you good luck in selling your property.
Very nice property, price is very reasonable for the area..I suggest putting it on the internet market may sell faster…take care and good wishes to you all…
the house looks busy and multi color, we have a Philippine vacation house all neutral color big 60 by 40 Living rooms open 4 big bedroom with bathroom in each bedroom it cost us $150.000 to built it also close to the Ocean in Negros Oriental!
Nice place guys and I hope you get everything sorted out but I'm sad to say for what it is as nice as it is, it's very expensive compared to a lot of other properties in the Philippines. I wish you the best of luck in meeting your goal. 😢
Low spec? The detail he goes into sounds to me he over specked many features…. Far as materials what do you wanna see ? Titanium? He’s got Friggin mahogany beams through out, concrete, marble and granite . Nice windows A/C , place is very well thought out and he’s put a lot of work into it. Landscaping alone .Remeber the price is an asking price. So what am I missing? Thanks
Correct the first thing is location, location. Has the ocean something to offer for divers or schnorkels? Then look at transportation, shopping and schools.
That is a beautiful place and to those saying it is too expensive, you clearly do not know what Americans have to pay to barely survive these days. For someone looking to move away from the US this would be a great opportunity for someone. Gorgeous place and very tranquil.
To any foreigners would like to live in the philippines, you guys can own a land and build a house, just ask how to do it. Theres a lot of foreigners who were scam by their filipina wife or girlfriend and they end up broke and homeless. About building a house, buy the materials yourself, watch the workers, and dont let your lady handle your money. Avoid living near your wifes family as we filipino like to hang around from morning to evening, asa many are jobless...so you end up feeding those lazy family members around all the time. Good luck in selling, and keep your money away from snatcher😂😂😊
And all the mixed match wild colors, why they didn't put a deck on the master bedroom and looking out to the back yard to a corrugated metal fence, It looks really run down and shabby
What do you think is reasonable? Do you know the cost of land with white sand beach access in this area? Going up on a regular basis for last ten years in this area.
Ive been in the construction Industry in SW Florida and the Bahamas for over 35 years and spent a ton of my life building and remodeling many on ocean front properties / homes. Been thru over 10 Hurricans from Andrew in 1992, to the last 3 which were the worst in recent years. hurricane Irma, Dorian and Ian. Dorian whiped out 1/2 of all the homes and businesses in Marsh Harbor, Guana Cay, and 4 other surrounding islands. The wind damage was devastating. The flooding of Irma was the worst in 60 + yrs here in Naples and Bonita FL. Im litterally finishing my last condo that was a 1st floor unit that got flooded. You couldnt pay me any amount of $$$ to live and buy a waterfront property unless it was raised 12' off the ground and built out if concrete and steel. Many of the older homes that still exist and were built @ 11' flood elevation which was increased to 12' about 10 yrs ago still recieved flood damage that were 1/2 mile in from the beaches. Many of the garages where flooded and people lost all their vehicles and home owner possesions . You built a beautiful home and spent the $$$ well on a concrete structure. Owning and operating a resturant is a ton of hard work though. Beautiful view and a piece of paradise.
I just bought land in Samal a lil way from beach as that I lived through Katrina miraculously , now I want to go to beach not have the beach come to me.
Thanks so much. Glad to hear from someone who actually understands. 5m Filipino house on 200 square or 17-19m western built on 2000 square. If you do the math it’s less half the cost per square. 25k per square versus 9000 per square. But people are saying 25k per square is a better deal for farm land with Filipino house. Average cost to build here on med range is 25k per square meter for a house. Not including cost of land. For those saying it’s expensive. It’s not really that bad for this area. It is negotiable for a real buyer.
I built mine only 20 feet from the waves and only 5 feet at high tides !! but its 4 feet up to the first floor and porch - all concrete and steel - and our 'ocean' is hiding on the west side of samar ,we are really surrounded by bigger islands, its shallow out to about 50 yards and in a cove. all the typhoons come from the east.. or southeast/northeast. they usually turn north to luzon or turn south to leyte/mindanao as they approach the east side of the philippines, I DONT KNOW WHY THAT IS..they extremely rarely cut straight across the center of visayas and if one does it has to hit leyte or samar before getting here, that would take the main punch and tide surge out of it. a direct hit of one like yolanda would be similar to it hitting ormoc, after crossing all of leyte first... from tacloban to ormoc. it would be rough for sure but nothing like facing the open pacific ocean on the east coast of the country. my biggest fear is sheet metal and parts of all my neighbors houses slamming into mine !
Someone will view that property and appreciate and love everything about it and quality of building material. If affordable its reasonable. Probably about rude comments, most couldn't afford if hakf asking price.
The home prices are going up now! IMe and and my husband might going home for retirement but might build a house in my shared property in the Province of Southern Leyte. Cebu's properties are so expensive too.
It might be much better to offer this as a turn key lease with the option to buy. That would open things up to many Foreigners who are considering living there and running a Business but don't want to jump right in considering the chunk of change involved. Once they run things and live there for a while they can figure out if they love it then the sale will follow. I would of course leave a manager in place and check on things from time to time as you don't want them to run your Business into the ground. It could be a good money maker for him. I know a Hotel/Restaurant owner who has several Hotels and has done this for 20 years or more.
Beautiful home and amazing beachfront but paying $300,000 is a big risk in the Philippines. Its going to appeal to a very small number of people and would they be able to sell if needed.
Will buy if have $ but w/ markdown, of course. Did you ever wonder why rich and famous people have difficulty selling their mansions? Let alone make a profit. Because most of them are custom made to their tastes
This is like a highly customized motorcycle. It’s worth a lot to the current owner, not so much for the buyer. I hope he gets a good price for it. I doubt he’ll get his asking price though
An investment means investing money to make money, which I am always open to. In this case, the owners are far too attached to their procured product, and fail to see the investor's perspective. For that money, you can hardly count on ROI after 15-20 years, at the earliest... to by honest i dont now the area, that may change the ROI time... thanks for really good videos🏋🏻♀️🤟🏋🏻♀️
@@SimpleMansJourney your mistaken. Health care doesn’t work here like everywhere else. It’s a cash basis. Pay first or as you go or they kick you out, it’s unfortunate but it is what it is. I heard Thailand is cheap and better services. I will research this as an option.
We are very curious.... they mentioned that money can be directly wired from bank to bank but everyone else says you can not do this and have to use third party like western union or remitly or other third party wire transfer companies....
Why would you not fly back to USA and use your Medicare for your care? It’s a beautiful home and business but living in the restaurant… I couldn’t do that. How much does the restaurant bring in annually?
@@KC-in9px think you may be wrong there - they said the house is being rented out on airbnb, and they live in a room next to the bar/restaurant toilets. suggests that the business may not generate much money. Srn Leyte is actually one of the poorest provinces in the philippines - it's either get a government job [province government, education, healthcare], or a low payed job in construction, coconut/pig farming, fishing, working in supermarkets. only foreigners and filipinos living/working in other countries and government employees can afford to eat out in restaurants. tourism is almost undeveloped, except for a few small dive centers in padre burgos. even in Maasin City [province capital, with a population of around 50,000 living in the city and immediate suburbs], few restaurants survive more than one year. the area is almost 200 km drive [3 to 4 hours to Maasin, then 45 mins in a jeepney/multicab] from the nearest airport in Tacloban City, or a 2 day 1000 km self drive from Manila - any visitor has to be determined. without your own transport, it's a difficult and uncomfortable journey.
Just a reminder Tim that outskirt/rural Japan has cheap house/properties and is very cheap flights to and from Philippines. Just a thought about diversifying since they allow foreign property ownership. America is potentially going to be the #1 surveillance state if it isnt already. Makes Britain's CCTV look antiquated. I'm just approaching this from the idea that even rural Idaho can be ruby ridged but in a systemic dystopian round up way, and the Maui fires don't bode well for settling in blue state mid Pacific. We are what, half a decade away from AI drones and mark on hand or forehead prophetic territory. Say its a decade. Now's the time to have a de-urbanize pathway for your family, so that a well paying job can be quit and moved on from without catastrophic financial fallout.. sorry too much coffee
Prepare now...the emerging totalitarian state is no joke. BTW, Malaysia is a place that allows foreign ownership of land/houses and the infrastructure is far ahead of the Philippines.
Yes, the design is very chaotic. For the nice owners, they have to know that it is not possible to sale it for their asking price. Pilipinos do not buy this property. When they have the capital they go to the tourist places to show off. For most of the foreigners this is above their budget. Foreigners with this capital are now moving out of the country and invest in other asian countries . The moment somebody gives a serious offer , they have to accept it . They are going to loose , but it is better to move on when your decision is made. I hope the best for them but at 19 mln or 15 mln, years will pass by in waiting. It is a sad story, but their future starts today.
Good luck selling, nice quaint home, like all expats I’m building my own, 4 bed, 4 bath single story on 2500 sq meters the way I want it but on a much smaller budget. Love the Huskies as I have a giant pack of big US championship line Huskies myself.
Beautiful property and location. I believe I saw this restaurant in a previous video of yours. I don't get the design of the bathroom off the master bedroom.🤔🏝️
@@sandrabentley8111the whole yard needs to cleaned out! I bet the coconut trees he cut down when they bought it made it look a lot better. It looks like grandma's garden gone amuck! And it looks like he has very little beach access. And it is not an ideal beach unless high tide makes a huge difference??
IF you had $340K, why buy a poorly laid out home especially that so-called half bath upstairs...it's a closet, open ceiling and that door over the stairs?.....what the heck is that. The bathrooms esp. the master is so small; black sinks and stark white toilet and jetted tub? GAUDY!
@@normalperson9646 I love the location. The house design I could alter it or renovate a few here and there. I think the price is still negotiable. Thank you.
The best food in the area
Where exactly is this in So. Leyte?@@eddieBoxer
@@Bob-wm5pz the owner is the wife and she is from there.
@@Bob-wm5pz Don't be a fool. He never said he owns it. The ownership papers are in his wife's name. Stop commenting on things you clearly don't understand.
@@Bob-wm5pz any foreigner can own buildings and houses and vehicles. The land the building or house is on only a Filipino can own. But as a foreigner you can get a 25 year lease on the land and either build a house or buy the house sitting on the land. I’m very familiar with laws here especially when it comes to permits houses and land. You are the one who is naive. Actually you don’t even have to be married to a Filipino to buy a house or build one. Just secure that lease on land first.
@@Bob-wm5pz- Did you hear what he Said. He is Married to a Filipino.
It's a beautiful property. Good luck to Kent and his wife, Liza in getting a good price for it.
I would turn the restaurant into rental rooms for sure. Much easier to make money, and zero overhead except utilities.
What is harder, finding people who want to rent a room or who got out into a restaurant? This is the philippines, there is almost no chance to have locals eating out in rural areas and who want to visit Leyte. This is a very hard business to ever break even in this location. I guess thats what he found out the hard way.
Cute. Hes so proud of his wife. Good job on the roof 💪
Nice house and nice restaurant and beach..nice guy and nice and pretty wife.. I am so sorry for your medical problems.. hope everything works out well for you and your family 🙏👍🙏
Nice looking property! I wish the couple all the best. Also Kent, I hope everything goes well in getting your health issue fixed.
Expats sometimes build these great houses and put a lot of money into them. A problem comes in selling them as there is a small market for places in those price ranges. I have seem absolutely beautiful homes on the market for years.
100% agree
Why it's proably better off buying than building. Could get a steal if buyer is desperate.
@@markg999 The house has a mish-mash interior design as in overall gaudy.
@normalperson9646 Not saying this particular house but in general...finding a built house in Philippines that's bigger in size... you might get a deal.
@@alfredhitchcock45 That's laughable...structural stability....did you see that closet toilet, door over the steps, the arms-wide master bath? That blue room is like a torture chamber! Nah...it's not even in the category of eclectic but outright gaudy!
I wish the guy a lot of luck selling it. He's going to need it.
You know, a place like this many foreigners out there would buy it in a heartbeat and not just because of the property. He just need to market it in America, or online to foreigners, and sell them the Filipino dream with a beautiful Filipina and stuff. There are tons of retirees with a LOT of money to burn waiting for this opportunity.
I agree, its a custom home to HIS and his wife's specifications and desires. I dont see any comparable in the area, so how do you put a price on a one of a kind custom home? I dont see Filipinos rushing to buy this. It would be a rich ex-pat that maybe would take it as a turnkey operation. But its very hard to justify 340K on a home in the Philippines when IF I had that kind of money I can build my own custom home even better than his. SO no motivation for me to buy this home at this price point. And what if I want the home, a 2 bedroom only, but DONT want the Restaurant? Can I buy the house separately? Or can I sell the restaurant? But then again, what Filipino has the money to buy a restaurant? This home by itself seems more like it should be priced at around $150K for a 2 bedroom only, at least that's what I see on average for most 2 bedrooms in the Philippines these days. Again, anyone with money knows they can build their own custom home just like this guy did, so the motivation to buy this custom home is low.
@@MichaelBuck They are cheap no more than $25000
@@sidki8TT25is kent selling the property with his wife? lol relax
I don’t call paying 3x the real value an “opportunity”.
If you come to the Philippines RENT for a few years and get to know the area and price..
It is easy to buy here but very difficult to sell.
Wise words.
You can sell, but only if you build Philippino style. And thats means not more then 2 million. And you will not get 2 million back on a 2 million house and thats normal and good. A house has a lifetime, just like a car or else.
Can you explain further about 'Only' building Phillippino style and not getting/selling for more than 2 million? Thank you @@llothar68
That's right. Next, get the local Licensed Realtor & Appraiser to evaluate the structural of the building and the location. Then, get involved with the local reputable Real Estate Broker for final evaluations! On this way, your monies is safe and no buyer's remorse after buying this real estate! Always remember this is a Littoral because of the history of typhoon and or storms.
IN PHILIPPINES YA HAVE LOW WATER PRESSURE,I HAVE A 2 Story and I put in a holding tank,stainless steel and a buster pump with a expansion tank,,my pressure is maintained at 35 psi and always steady,I am a retired engineer and was a merchant marine and U.S. NAVY,DESIGNED MY WATER SYSTEM AFTER SHIPS!!
I have seen many of these high end places sit on the market for extended periods of time while her family moves in and runs them to the ground as the expat returns home with only his SS and faded memories. Overpriced by $100k.
this is by no means ''high end'' lol. Its a god damn death trap. The phillipines building code is a blank post-it note i guess 😂
Amazing place to live in and maybe Business minded people would be interested in buying. Interesting property thanks for sharing.
No foreigner going to buy that at 325k dollars. When a foreigner wants to retire not going to invest that kind of cash. Too much maintenance.
Not worth it 😮
Thats the problem with buying or building a house in the Philippines its impossible to sell. Hes lucky if he gets 125k for that house. If he will take 125k i will buy it oh wait foreigners can't own land in the Philippines how does someone even buy that house if they cant own land. This guy made a huge mistake building that house 💯💯💯💯💯
I built a house on a piece of land in borelli on Cebu The land was about double your size The house I built was a lot fancier it had teak doors a full guest house in the back beautiful ocean views and volcano views The best of everything.... Did not have a restaurant on it a lot would depend on how much the restaurant brings in and if it's profitable I did open a restaurant in town a few miles away really only broke even on that... The problem is finding someone with all the money I did get lucky and sold mine for 7.5 million pesos.... If you like it there you should consider just keeping it as it's going to be extremely hard to find someone with 19 million peso cash... Good luck and take care of yourself....
He is sick, if he goes down to 5m because he has too, i will buy it. But not more.
@@llothar68 i wouldnt sell my tiny 1024 sq ft house by the beach for 8 million.
and i have no restaurant and only 2 bedrooms upstairs and a nice big terrace.. one bathroom downstairs and kitchen & living room... but i built it with my own hands and could never duplicate it.
@@justaguy-69 if you need money you can will and then the market value will tell you what it is worth. And medical bills are a reason to sell quick
You are blessed to have such a wife who turned the place in to garden of heaven. She is beautiful too. Keep taking care of each other.
Wow! What a dream place and lifestyle. Could be life changing business opportunity for the right family. Really like the engineering thought that went into it. He was very wise to not skimp on the fasteners. This is how you survive a typhoon. I was thinking to myself, why would this guy ever give this up?...and then he said what I was thinking...Must be health related. Health is everything and I hope he has a speedy recovery. Thank you Tim, for sharing this amazing walk through.
Great location. Unfortunately tiling and decor has no uniformity and is about as inconsistent as it comes. Sorry to hear you have medical issues, hope you get what you need.
Yeah, bloody awful, the decor and the medical issues.
The interior color combination s are pretty diabolical
ha ha ha i have to agree
I don't know about diabolical but it's pretty shity looking
Its hard to sell high priced homes in the Philippines....no matter how beautiful they are. I've been trying to sell my $600,000 + American style beachfront 3 story house with a gym in Subic bay for 4 years. Of course the pandemic and the worldwide economic downturn didn't help. Good luck
Who will buy your property unless he or she is married to a filipinos
@@waterlily2839_chua ...you are right. The few low offers we got were all from foreigners...sadly...but understandable. In the meantime I will enjoy the hell out of it😁
Do you have a link to check it out?
Needs the touch of interior and exterior designer to attract buyers.
He did a lot of very hard work, I never caught why he's selling it? Beautiful property!
he needs money for medical bills and in the future he will start again
Medical issues
Cause its not worth the money and buisness is bad so he has no income through it
@@MarcusLuciano Medical Bills where? Didnt he had a health insurance? Or in the USA?
Need to sell things for medical care is a bit of a foreign concept for me, I am from Europe.
19 million pesos you will never get back, unless you can get another foreigner to buy it for some reason.
This guy's a bit disingenuous, and you could probably get it under 11m. I just looked online and 2 months ago it was listed at 17m. Then there's a youtube video from last March that had it at 13m. He raised the price $100k - a special price for Tim's viewers, I guess. Be sure the restaurant income they say they are making are likely to be accurate. Their site says $200k pesos/mo, which I highly doubt in such a small town (but who knows). Buy this because you can afford to live your dream, not because you need the profits to sustain it.
I live in an expensive city in Ph where small houses sell for as much as this property, if you can get it for 17 million it would be a good deal imo,
@@rayfinkle9369 it’s never been 13m sir. You can’t get 2000 square with house for that here. There is a house on a lot next to the road down the way if you want. It’s 250 square land and 10m. 40k a square. Even at 19m and 2000 square that’s 9500 a square.
Now that a square deal! lol 😂
Weird why dose the account commenting here claiming to be the owner say Kent hoover. But the person selling Saya Kent Quinton. Yet the wife is a total different last name. This seems very very fishy. Why they hidding? Use caution. Not only the steep price.
True
Yikes. The design of this house is something else. Sorry never seen such a mish mash. Color scheme? Is there one? Who chose these colors?
filipinos have the worst taste when it comes to interior decoration
They are serving magic mushroom pizzas in the restaurant. Order one and you will start to love the color mish mash.
@@llothar68no for real ?
@@Antoine-gx4yl No, they are just crazy. If you want official magic mushroom pizzas you must go to Cambodia
11:20.....Water preassure, I've discovered after lots of driving around and looking at the water pipes installations and meters, most water mains are connected to multiple homes. The house that I rent, is connected to 5 homes, so water pressure is and will always be a problem, of course, a water tank, two or three, with a Pressure Pump that provides at least 45psi, will counteract the lack of pressure. Of course, sometimes your Tanks will suffer lack of water input due to the prevailing main Lines pressure.
I thought it would be nice for the master bedroom to be upstairs for the ocean view.
That’s crazy expensive, does he know where he’s at?
Word.
Yeah he knows hes in the philippines,buying that lots means buying your happiness and its prizeless....
@@VirginiaEstayane happiness? It litterally looks like a run down motel from the 80's. Nobody but this guy would be happy there. At least nobody who could actually afford it. This is not a nice house. Its not even an okay house.
@@Mikael-jt1hkyou are of the depressed kind
no ones going to pay that much .never invest in a 3rd world country you will end up loosing money
I agree with the first part of your statement, that this place is way overpriced and built to local standards. However, you can make money in real estate if you’re careful. I built a beach front home in Bali and the price has almost doubled in 4 years.
My wife has a small house in central Thailand built on property her sister owns.
A foreigner cannot buy land in Thailand.
I am concidering buying the land to give us better control of the situation.
Here is a golden nugget for all of you expats and future expats...
I will only buy that land if she signs an iron clad 40 year lease to me.
Think about!
It was on my bucket list of places to dine at. Is it still open for business until it sell? That sounds a bit selfish on my part, I truly wish Kent and Liza all the best, especially in regards to his health and future success.
Yes we still operate it daily. That will not stop until it sells.
@@kenthoover8427 I won't be in the Philippines until late March. On the one hand, I hope you make the sale before then, but if not, then I'll definitely be dining there. Thanks for the reply.
I wish this man good health.
I have owned property in Cebu for 30 years near the city. I have wanted to build similar to this but wasn’t convinced that it could ever be sold. Wish you great luck in selling but recommend you put together a plan B asap.
Jou canot own jou are a Ami canot
@@WolfgangSchopper-d9e it's in the wife's name we are not stupid!
Too expensive for a 2 bd 2 bath in Philippines 🇵🇭 don’t get me wrong it’s beautiful and his attention to detail is amazing 👏🏻 but just a little over priced
Really??? Tropical gardens, sea views, beach, house, restaurant as an ongoing business and all fixtures and fittings thrown in as well. Bargain if you ask me. Where I am in the UK the price would buy you a 1930's 3 bed semi needing modernisation. If I was 30 years younger I would seriously consider this property.
Attention to detail, where?
Sweet lovely couple Lisa and Ken. Thank you for having us with a delicious authentic pizza as always 😊
Thanks!!
@kenthoover8427 bro Kent hope pray 🙏 health goes well 😊🎉 why not borrow against it instead if starting over may we ask what is your health issue most issues can be fixed maturally don't trust too much in doctors medicine 🏥 ho$pitals 💊 n ŝcienc3 take care kent bro😊
G❤D bless
Too many foreigners way over built for the area.. And you will be lucky to get your money back.. I see this happen about five or six times in the Philippines.. Good luck i'm getting your money back.. By selling this real estate..
The idea that real estate goes up in value is insane. It should go down 5-10% per year, because this housing is total done and garbage after 10-15 years. Then the house becomes a burden and lowers even the pure lot price for the real estate.
Wow got me thinking about selling my house, motorhome and cars and buy this and live there!! I hate that he had medical issues and that he needs to sell his dream home.
You would have to marry a Filipion to get a title, and that would take at least one year.
I'd rent it from him for awhile and see if you like it there. It may take some time to sell considering the location
@@dwork9451 very true and I’m not even speaking to any. Lol
@@vremerman yeah that would be a smart move.
Yeah, I felt sad as video progressed as it is evident how much they lov the place & then even including his tools in the potential sale. But strangely I’m glad that they BOTH looked sad. It is awful when one spouse wants to sell & the other doesn’t. I know.
I think over this process is so practical.. the beach and a huge property can’t beat it . Thank you Tim
Very nice of Tim to show his place Tim’s such a good guy ❤
Good guy? Ha Ha, he's bankrupt of content.
@@andrewfoo6270 what does that even mean
I wish them the best. Also not interested in any hospitality business. Too much work for low profit. Still I wish them well
Wow. The price of a 1500 sf house in the US. What a great deal.
You mean a 1br mobile home😅
06:55 Master's bedroom has an exterior door with no balcony and no stairs! This guy is two moves ahead. Perfect get away for a young girl in case wify arrives home unexpectedly.
Lol..
I love the place. It was built out of love. If i have that kind of money, i would buy it.
Why not seek out a "partner" at a 50/50 split.
He may get some offers now since because of your upload, his presentation, and the description. I wish them good luck!
You can tell how proud he is with what he and his wife have achieved. What a fantastic purchase and business for the right buyer. Great detailed tour of the property.
I don't think so
Good Luck Property Sellers Awesome Property.
a big house, but livable area sacrificed for a roof top terrace. layout suggests that no architect was engaged.
I notice that
It’s quite common
Well I didn’t want livable area upstairs. Like with rooms and stuff? Where family members could live? No I wanted a rooftop deck overlooking the bohol sea to drink my coffee and enjoy the beautiful beach view my friend.
@@kenthoover8427you are 100% correct my friend.. like Frank Sinatra sings, you did it your way 👍👍
@@kenthoover8427 poor layout, poor detail and very gaudy color schemes. but....obviously what you and your wife wanted, but such details will impact your ability to sell for what you're looking for.
however...if the bar/restaurant is a thriving money printing business, then you may well be selling too low. in that case, instead of focusing on the house, you should have provided monthly turnover, costs and profit..including how much (if any) you and your wife are paying yourselves. in that case, why are you wanting to sell all? you could sit down with the local manager of BDO or BPI and arrange a business loan with the property as collateral. no risk to the bank and you get cash for your medical treatment, and get to keep your dream house/bar-restaurant, and only pay nominal interest on the loan.
wish you good luck in selling your property.
Very nice property, price is very reasonable for the area..I suggest putting it on the internet market may sell faster…take care and good wishes to you all…
I always wanted to visit. I have been watching Kents endeavor through your channel. May GOD bless you.
the house looks busy and multi color, we have a Philippine vacation house all neutral color big 60 by 40 Living rooms open 4 big bedroom with bathroom in each bedroom it cost us $150.000 to built it also close to the Ocean in Negros Oriental!
That is a very nice property 2000 sqm. Home and a business right on the beach. I love it..
Nice place guys and I hope you get everything sorted out but I'm sad to say for what it is as nice as it is, it's very expensive compared to a lot of other properties in the Philippines. I wish you the best of luck in meeting your goal. 😢
Low spec? The detail he goes into sounds to me he over specked many features…. Far as materials what do you wanna see ? Titanium? He’s got Friggin mahogany beams through out, concrete, marble and granite . Nice windows A/C , place is very well thought out and he’s put a lot of work into it. Landscaping alone .Remeber the price is an asking price.
So what am I missing? Thanks
I think this is an awesome place , sorry I’m not moving there but I wouldn’t move across town! Hahaha great job showing a great place.
@@nickmondo222agree with you on that.
Looks great, and I have no clue what is a high or low price there, but I would never buy anything in that country.
Correct the first thing is location, location. Has the ocean something to offer for divers or schnorkels? Then look at transportation, shopping and schools.
Beautiful property!!
I wish him the best of luck. It's to bad he needs to sell. I hope his medical treatment and recovery a fast. 🙏🙏🙏
That is a beautiful place and to those saying it is too expensive, you clearly do not know what Americans have to pay to barely survive these days. For someone looking to move away from the US this would be a great opportunity for someone. Gorgeous place and very tranquil.
Well,depends on the relative value in the phillipines,not the US.
$340k for that?
Good luck!!!
Wer is this place ...or What part of the Philippines is your property...
To any foreigners would like to live in the philippines, you guys can own a land and build a house, just ask how to do it. Theres a lot of foreigners who were scam by their filipina wife or girlfriend and they end up broke and homeless. About building a house, buy the materials yourself, watch the workers, and dont let your lady handle your money. Avoid living near your wifes family as we filipino like to hang around from morning to evening, asa many are jobless...so you end up feeding those lazy family members around all the time. Good luck in selling, and keep your money away from snatcher😂😂😊
I think the howling dog can hear Kent's voice, and wants some attention from him. Nice property!
Ken really likes his columns.
And his tiles😂
And all the mixed match wild colors, why they didn't put a deck on the master bedroom and looking out to the back yard to a corrugated metal fence, It looks really run down and shabby
If your property is in Luzon you have chance like batangas, tagaytay but visa yan... impossible estimation
Nice place good luck. A lot more than I would pay for it. If you do drop the price a reasonable amount let me know. Thanks for sharing!
What do you think is reasonable? Do you know the cost of land with white sand beach access in this area? Going up on a regular basis for last ten years in this area.
Ive been in the construction Industry in SW Florida and the Bahamas for over 35 years and spent a ton of my life building and remodeling many on ocean front properties / homes. Been thru over 10 Hurricans from Andrew in 1992, to the last 3 which were the worst in recent years. hurricane Irma, Dorian and Ian. Dorian whiped out 1/2 of all the homes and businesses in Marsh Harbor, Guana Cay, and 4 other surrounding islands. The wind damage was devastating. The flooding of Irma was the worst in 60 + yrs here in Naples and Bonita FL. Im litterally finishing my last condo that was a 1st floor unit that got flooded. You couldnt pay me any amount of $$$ to live and buy a waterfront property unless it was raised 12' off the ground and built out if concrete and steel. Many of the older homes that still exist and were built @ 11' flood elevation which was increased to 12' about 10 yrs ago still recieved flood damage that were 1/2 mile in from the beaches. Many of the garages where flooded and people lost all their vehicles and home owner possesions .
You built a beautiful home and spent the $$$ well on a concrete structure. Owning and operating a resturant is a ton of hard work though. Beautiful view and a piece of paradise.
I just bought land in Samal a lil way from beach as that I lived through Katrina miraculously , now I want to go to beach not have the beach come to me.
Thanks so much. Glad to hear from someone who actually understands. 5m Filipino house on 200 square or 17-19m western built on 2000 square. If you do the math it’s less half the cost per square. 25k per square versus 9000 per square. But people are saying 25k per square is a better deal for farm land with Filipino house. Average cost to build here on med range is 25k per square meter for a house. Not including cost of land. For those saying it’s expensive. It’s not really that bad for this area. It is negotiable for a real buyer.
I built mine only 20 feet from the waves and only 5 feet at high tides !!
but its 4 feet up to the first floor and porch - all concrete and steel - and our 'ocean' is hiding on the west side of samar ,we are really surrounded by bigger islands, its shallow out to about 50 yards and in a cove.
all the typhoons come from the east.. or southeast/northeast.
they usually turn north to luzon or turn south to leyte/mindanao as they approach the east side of the philippines, I DONT KNOW WHY THAT IS..they extremely rarely cut straight across the center of visayas and if one does it has to hit leyte or samar before getting here, that would take the main punch and tide surge out of it.
a direct hit of one like yolanda would be similar to it hitting ormoc, after crossing all of leyte first... from tacloban to ormoc.
it would be rough for sure but nothing like facing the open pacific ocean on the east coast of the country.
my biggest fear is sheet metal and parts of all my neighbors houses slamming into mine !
Someone will view that property and appreciate and love everything about it and quality of building material.
If affordable its reasonable. Probably about rude comments, most couldn't afford if hakf asking price.
Ur mental mate. That's cheap shit workmanship. With a over inflated ego driving a cost of 19mil. It wouldn't fetch 4mil in that location.
That’s really amazing what you can get for the money. One would have to be really passionate about having a nice property and a restaurant biz.
The home prices are going up now! IMe and and my husband might going home for retirement but might build a house in my shared property in the Province of Southern Leyte. Cebu's properties are so expensive too.
Great video Tim!!!! Thats a beautiful house and restaurant I think thats a great deal. 2 thumbs up my friend!!!!
It might be much better to offer this as a turn key lease with the option to buy. That would open things up to many Foreigners who are considering living there and running a Business but don't want to jump right in considering the chunk of change involved. Once they run things and live there for a while they can figure out if they love it then the sale will follow. I would of course leave a manager in place and check on things from time to time as you don't want them to run your Business into the ground. It could be a good money maker for him. I know a Hotel/Restaurant owner who has several Hotels and has done this for 20 years or more.
This is the best time to get rid of asset due to the coming economic crisis. And buy back later at a cheaper price.
great opportunity - will be contacting them ..
Beautiful home and amazing beachfront but paying $300,000 is a big risk in the Philippines. Its going to appeal to a very small number of people and would they be able to sell if needed.
Will buy if have $ but w/ markdown, of course. Did you ever wonder why rich and famous people have difficulty selling their mansions? Let alone make a profit. Because most of them are custom made to their tastes
Omg! Gorgeous! Whoever buys this property take me with you!!🎉
This is like a highly customized motorcycle. It’s worth a lot to the current owner, not so much for the buyer. I hope he gets a good price for it. I doubt he’ll get his asking price though
Pretty Amazing ... be next to the White Sand Beach it seems also solid construct place! Good Luck~~
It would be nice if they didn't allow stray dogs on the beach...but you know how it is in the Philippines.
An investment means investing money to make money, which I am always open to. In this case, the owners are far too attached to their procured product, and fail to see the investor's perspective. For that money, you can hardly count on ROI after 15-20 years, at the earliest... to by honest i dont now the area, that may change the ROI time... thanks for really good videos🏋🏻♀️🤟🏋🏻♀️
@@SimpleMansJourney your mistaken. Health care doesn’t work here like everywhere else. It’s a cash basis. Pay first or as you go or they kick you out, it’s unfortunate but it is what it is. I heard Thailand is cheap and better services. I will research this as an option.
yes very foolish investment..
We are very curious.... they mentioned that money can be directly wired from bank to bank but everyone else says you can not do this and have to use third party like western union or remitly or other third party wire transfer companies....
Wow! Sad that they have to sell their dream…😢
I will do it all over after I’m better. No worries.
Her landscaping is awsome!
Unbelievable! Thanks for showing us what is possible here in the Philippines.
Excellent video. Many thanks for sharing nice property as well.
Why would you not fly back to USA and use your Medicare for your care?
It’s a beautiful home and business but living in the restaurant… I couldn’t do that.
How much does the restaurant bring in annually?
I’m 10 years from Medicare. Wish I could.
They don't live in the restaurant. It's an entirely different building. The house is a stand apart structure.
He has a room there just when the house is booked out on Airbnb
The therapy he needs may exceed what Medicare allows....and, he may not be 65 yet. I don't know which one is sick, they both look healthy.
@@KC-in9px think you may be wrong there - they said the house is being rented out on airbnb, and they live in a room next to the bar/restaurant toilets.
suggests that the business may not generate much money.
Srn Leyte is actually one of the poorest provinces in the philippines - it's either get a government job [province government, education, healthcare], or a low payed job in construction, coconut/pig farming, fishing, working in supermarkets. only foreigners and filipinos living/working in other countries and government employees can afford to eat out in restaurants. tourism is almost undeveloped, except for a few small dive centers in padre burgos. even in Maasin City [province capital, with a population of around 50,000 living in the city and immediate suburbs], few restaurants survive more than one year.
the area is almost 200 km drive [3 to 4 hours to Maasin, then 45 mins in a jeepney/multicab] from the nearest airport in Tacloban City, or a 2 day 1000 km self drive from Manila - any visitor has to be determined. without your own transport, it's a difficult and uncomfortable journey.
Tim, you did a nice job doing the video and some presentation.
thank you
It might be helpful to mention the location.
Beautiful place, great price.
Well it does have a secret grow room behind the cabinet
Electric too expensive here 🤣
There’s a foreign blogger before that visited that place ,that’s a very huge property
Just a reminder Tim that outskirt/rural Japan has cheap house/properties and is very cheap flights to and from Philippines. Just a thought about diversifying since they allow foreign property ownership. America is potentially going to be the #1 surveillance state if it isnt already. Makes Britain's CCTV look antiquated. I'm just approaching this from the idea that even rural Idaho can be ruby ridged but in a systemic dystopian round up way, and the Maui fires don't bode well for settling in blue state mid Pacific. We are what, half a decade away from AI drones and mark on hand or forehead prophetic territory. Say its a decade. Now's the time to have a de-urbanize pathway for your family, so that a well paying job can be quit and moved on from without catastrophic financial fallout.. sorry too much coffee
Prepare now...the emerging totalitarian state is no joke. BTW, Malaysia is a place that allows foreign ownership of land/houses and the infrastructure is far ahead of the Philippines.
The sky is falling and it has been falling ever since Elvis Presley and the Beatles appeared in USA.. the sky is falling but it hasn't fell yet😮😮😮
@@richardhowe5583 Empires do eventually end...
@@aphilippinesadventure9184 yes sir👍😁
@@richardhowe5583 There are historical metrics for the end of empires...and despite that, it seems to take most people by surprise.
Your amazing. To Proud of your wife congratulations Lisa your lucky wife.
Buy it Tim! It’ll be perfect for you and Chrissy.
Agree
He doesn’t have that kind of money nor would he ever see a ROI at 340K so not going to happen
Beautiful property, wish you good health
Beautiful place! Take care of yourself!
Wow, that seems like A LOT for the money! Ocean front, multiple structures & turn key business.
That’s awesome Tim. Yes Americans we need property over there. I should be there soon
Wow , very nice and well done project . A great fit for the right person . Thanks Tim , great interesting video .
for 340k a villa on the golf course with a maid and driver sounds more like it , restaurants are just headaches and money pits GL
2 maids.......
I was thinking of 2 maids also when I opened your comment.
Lol
Notice the unisulater roofs,trust me becomes super hot in sun!!!!!
This house is oddly built with strange design placement. Can't say he has good taste
Yes, the design is very chaotic. For the nice owners, they have to know that it is not possible to sale it for their asking price. Pilipinos do not buy this property. When they have the capital they go to the tourist places to show off. For most of the foreigners this is above their budget. Foreigners with this capital are now moving out of the country and invest in other asian countries . The moment somebody gives a serious offer , they have to accept it . They are going to loose , but it is better to move on when your decision is made. I hope the best for them but at 19 mln or 15 mln, years will pass by in waiting. It is a sad story, but their future starts today.
Exactly the price is too much
Best of luck Ken(t)? & Lisa- beauty property. Health is everything! Take care
$340k in that area for that is wild.
Agree! Not even a prime location! Except a nearby beach that’s about it
Good luck selling, nice quaint home, like all expats I’m building my own, 4 bed, 4 bath single story on 2500 sq meters the way I want it but on a much smaller budget. Love the Huskies as I have a giant pack of big US championship line Huskies myself.
Beautiful property and location. I believe I saw this restaurant in a previous video of yours. I don't get the design of the bathroom off the master bedroom.🤔🏝️
I don't get the design period. Horrendous design and decor.
What happens when the owner is the designer. @@sandrabentley8111
@@sandrabentley8111the whole yard needs to cleaned out! I bet the coconut trees he cut down when they bought it made it look a lot better. It looks like grandma's garden gone amuck! And it looks like he has very little beach access. And it is not an ideal beach unless high tide makes a huge difference??
God bless you and your lovely wife and hope you get well soon 🙏🏻
Cute wifey.
He did well😊
Bruh, you never been to Ph.
Thats a nice little place. Good video on this. Thanks Tim. A good trip watching this
If I have the money I will buy it. I feel something beautiful on the surroundings. Love the ambiance.
IF you had $340K, why buy a poorly laid out home especially that so-called half bath upstairs...it's a closet, open ceiling and that door over the stairs?.....what the heck is that. The bathrooms esp. the master is so small; black sinks and stark white toilet and jetted tub? GAUDY!
@@normalperson9646 I love the location. The house design I could alter it or renovate a few here and there. I think the price is still negotiable. Thank you.