Looking for a small Hotel to possibly buy.

eptowing Active member

44POSTS

4 years ago

So I’m thinking about about moving over here and I’m thinking about buying a small hotel or a large house and turning it in to a boarding house. It will be all under my girls name with a legal contract so she can’t take it. So give me your guys thoughts. It’s away of having a little income and a place to live all in one. Maybe somewhere for scuba driver to stay or something. It’s just a thought right now.

2 members reacted to this post

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johncroy Active member

41POSTS

4 years ago

I would recommend buying a small resort but you will have no way to control it if you ever leave. Take your time and find people you can trust because a contract wont guarantee you anything.

5 members reacted to this post

onefogarty Contributor

166POSTS

4 years ago

I would recommend buying a small resort but you will have no way to control it if you ever leave. Take your time and find people you can trust because a contract wont guarantee you anything.
- @johncroy

Exactly, contrary to western beliefs, contracts aren’t worth the paper their signed on over here.

5 members reacted to this post

Darwin Barr New member

7POSTS

4 years ago

@eptowing What island are you looking for? it's a most important question. If you are on the Negros island I can give some suggestions.

Darwin Barr New member

7POSTS

4 years ago

@johncroy You totally right!

chefm0408 New member

9POSTS

4 years ago

@eptowing

Hi Sir,

I'm Chef Wyl working here at El Nido Palawan there's a lot of opportunity here if u want to invest here. Google El Nido Palawan so you got some ideas. Check some of the blogs at you tube as well.

Can recommend you some properties here if you are really keen to do that.

Lotus Eater ViP

2058POSTS

4 years ago

Don’t go there. But if you really do wish to enter the Dragons Lair and enter into a ‘legal contract’ it will be about as much use as a Toc H lamp.

The boarding house will have at least an 80% occupancy rate: but without paying customers. Lets just say you will get to know your girls extended family extremely well..

4 members reacted to this post

coach53 ViP

1564POSTS

4 years ago

Tourism is still in crisis

BUT there have been extreem BARGAINS of such places to buy such. Still such bargains?

If you gamble some and tourists come back, then its possible its a good idea IF you find good staff.

I know of good workers in south Palawan, but them I know arent tourist workers, but perhaps I can assist find you some if you start in south Palawan.

I know an educated reliable TRIBE woman from south Palawan. She has other type of business, but she has as goal making something similar to your idea at WEST Aborlan, Palawan. Perhaps she can be interested in cooperating with you or know some tribe people with tourism experience. She have worked abroad and in Manila but have moved home to Palawan to assist her tribe. I can connect you if you want.

(My business partner about a production business is same tribe group too an around 100 km south of her.)

Many of these tribe people DONT need to be controlled all the time as most malay Filipinos... If you instuct them good so sure understood - in differrence from malay Filipinos they ask if they havent understood - then it will be done as you told when you come back...

1 member reacted to this post

eptowing Active member

44POSTS

4 years ago

#10

@onefogarty

Ok and the reason you say that

eptowing Active member

44POSTS

4 years ago

#11

@Lotus Eater

Sorry but that’s not going to happen.

eptowing Active member

44POSTS

4 years ago

#12

@delmancodilla8

I will keep your email address. I am here now but I have to go back to the US in July to rape up the sale of my business in the US then figure out what I’m going to do. If nothing else I want to build a house out of 5 or 6 shipping containers. Is that something you can do?

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delmancodilla8 Member

10POSTS

4 years ago

#13

@delmancodilla8

I will keep your email address. I am here now but I have to go back to the US in July to rape up the sale of my business in the US then figure out what I’m going to do. If nothing else I want to build a house out of 5 or 6 shipping containers. Is that something you can do?
- @eptowing

Yes sir we can do more built your house using shipping containers, that’s nice idea because i already finish two coffee shops and a office using shipping containers. We can do it sir. Thanx

coach53 ViP

1564POSTS

4 years ago

#14

@delmancodilla8

I will keep your email address. I am here now but I have to go back to the US in July to rape up the sale of my business in the US then figure out what I’m going to do. If nothing else I want to build a house out of 5 or 6 shipping containers. Is that something you can do?
- @eptowing

Living house shipping container type is hot at summers even in cold Sweden...

I have one made to be at oil platform, so not rebuilt, has insulation as standard but hot anyway.

So I dont recomend build from such in the Philippines - except perhaps if you plan to move them later.

1 member reacted to this post

Lotus Eater ViP

2058POSTS

4 years ago

#15

@Lotus Eater

Sorry but that’s not going to happen.
- @eptowing

That's what they all say.

pnwcyclist Philippines Expert

1489POSTS

4 years ago

#16

Some well intended commentary, mixed in with sarcasm here, EP, take it with a grain of salt. But there are also a lot of hard lessons learned, reflected therein.

A LOT of guys have been scammed or misled by people they trusted in the PI, and some have lost everything. Many have found their contracts to not be worth much, or faced the possibility of violence when disagreements have occurred. Many have found their partner to not be who they thought she was. Family that turned mean when the money ran out.

Nothing wrong with asking questions, and I think what folks are suggesting is take your time. Get to know the place, the girl, her family, the politics, the various islands. There is a whole lot more research to do before you jump to step #29 which is to make an investment in a country that does not have laws that will protect you if things don't go well.

Specifically to your point though, I have a European friend who recently completed a stunning resort on one of the islands, and his intention is to leave it with his wife and daughter, as a way of them making income. But he has been in the Philippines already for 10+ years and had the knowledge, resources and experience to do it.

2 members reacted to this post

Munchie Serial expat

273POSTS

4 years ago

#17

Quite a few small resorts for sale on Siquijor Island.

Enzyte Bob ViP

4368POSTS

4 years ago

#18

@pnwcyclist: . . . . .A LOT of guys have been scammed or misled by people they trusted in the PI, and some have lost everything. Many have found their contracts to not be worth much, or faced the possibility of violence when disagreements have occurred. Many have found their partner to not be who they thought she was. Family that turned mean when the money ran out.

**************************************************

On Paul Youtube Paul "Old Dog New Tricks" recently addressed this. Incidentally Paul lives in Dumaguete. It seems an expat invested in building a bar/restaurant, he spent a fortune as it was from scratch with a Filipino partner.

It was wildly successfully until one morning he arrived to get ready for the day and the place was chained locked. He called his Filipino partner to let him know. The Filipino partner said his brother was upset about the bar/restaurant because it went against his religious principles. So the place was closed without the Expat being able to salvage things he purchased for running the establishment.

Sometime later the Filipino partner reopened the bar/restaurant and it was wildly successful again, without the Expat.

Now addressing a Filipina partner, also on Paul's Youtube channel. An Expat ran out of money so his Filipina ditched him with his child. He now has no money of his own, lives on a bowl of rice a day and has lost 50 lbs. Even her and her family contacted BI trying to get him deported. Luckily Paul and his followers have opened up a fund for him to survive.

For many Expats seeking a filipina partner, it's over when the money runs out, but a word to the unwise is not sufficient.

* While responding to this post I went through one bottle of Smirnoff's "Mule" and half a stack of "Pringles".

3 members reacted to this post

pnwcyclist Philippines Expert

1489POSTS

4 years ago

#19

Yeah, I saw that one. Poor guy. I was worried while he was still living in the squatter area.. in the home he built for them.. fortunately he seems to have made it out alive. Crazy situation.

Munchie Serial expat

273POSTS

4 years ago

#20

@Enzyte Bob Update, that guy and his missus and twins are living back together.

1 member reacted to this post

Lotus Eater ViP

2058POSTS

4 years ago

#21

Yes indeed. Which just goes to illustrate how every story has a happy ending. Apparently some Hollywood producers are considering making an offer for the TV rights. Watch this space.

Enzyte Bob ViP

4368POSTS

4 years ago

#22

@Enzyte Bob Update, that guy and his missus and twins are living back together.
- @Munchie

***********************************

Yes, that will last to his funding runs out.

1 member reacted to this post

Lotus Eater ViP

2058POSTS

4 years ago

#23

Perhaps I should 'plead guilty' to the implied accusations of being a cynic regarding the Philippines on this Forum. But in my defence I am usually proved right.

I can't help feeling that this story has 'legs' as our journalist friends say. This is my take. I have visited Dumaguete on several occasions: my first being in 2005 at the Atlantis Dive Resort in Dauin before all these bloggers came on the scene. For expats Dumaguete is almost (forgive the parallel) where Biarittz was in France in the 60's ie where all the 'thinking' celebrities went. Its now difficult to have a coffee in downtown Dumaguete without being accosted not only by expat but also Filipina bloggers. Yes they have all cottoned on.

Dumaguete is more of a large town than a city. Word travels fast especially through the inner and outer Barangays. The girlfriend was almost certainly made aware of Pauls excellent video which we all concur was truly heart wrenching: John, the subject, is a genuine loving guy but incredibly naive.

Ah yes the 'smell' of Pesos. Filipinos do not like to lose face; not so much with expats but amongst their own kindred folk. The GF 'reached out' (as our American friends say) to Paul upon hearing about the video and having seen it realised that the money tree was in blossom again and wanted to shall we say 'put the record straight' Sorry I don't buy her story.

Pauls blog is by far one of the better blogs and highly entertaining compared to most of the others which frankly become very monotonous in time. The beneficial thing to come out of this is that John and Diana's (his spouse) progeny have received well needed health care but I can't help thinking things will 'reset' in time. For those who watched Paul's updated blog (thanks to Munchie for that) you could sense his frustration.

2 members reacted to this post

Enzyte Bob ViP

4368POSTS

4 years ago

#24

@Lotus Eater . . . . .Ah yes the 'smell' of Pesos. Filipinos do not like to lose face; not so much with expats but amongst their own kindred folk. The GF 'reached out' (as our American friends say) to Paul upon hearing about the video and having seen it realised that the money tree was in blossom again and wanted to shall we say 'put the record straight' Sorry I don't buy her story. Pauls blog is by far one of the better blogs and highly entertaining compared to most of the others which frankly become very monotonous in time. The beneficial thing to come out of this is that John and Diana's (his spouse) progeny have received well needed health care but I can't help thinking things will 'reset' in time.

*******************************************************************************

Yes John is naive and will never learn and Paul is kind enough to let it pass. I think Paul's blog is probably the best and I don't click on the other proliferating Philippine Blogs.

Well anyways about John . . . . He had a previous marriage and was taken to the cleaners, know he is being dry cleaned by Diana. John should have had a dna test to actually see if those twins were his.

This saga is turning out to be another like No Neck Ed from 90 day fiance'.

2 members reacted to this post

Lotus Eater ViP

2058POSTS

4 years ago

#25

" John should have had a dna test to actually see if those twins were his."

That is a very mischievous but astute observation. Imagine if the cuckolded well meaning John were to discover this to be the case. Should we all have a 'whip round' to fund the DNA test? Bob you have fiendish thought processes.

I think you and the Hollywood producers should team up. You could write the screenplay. Watch this space

1 member reacted to this post

eptowing Active member

44POSTS

4 years ago

#26

@Lotus Eater

That’s because you don’t know me my friend

eptowing Active member

44POSTS

4 years ago

#27

@pnwcyclist

I can’t agree more with what you said. First it’s just an idea or a thought if you will. Second I completely agree with what your saying. I trust No one in my own country I sure in the hell are going to trust some Filipina with my life savings. I look at this like I do when I go to a Casino if you can’t afford to lose it then don’t go and play.I get what dude is saying but one thing is he don’t know me. He has the right to think or say what he wants and to add his two cents. I mean I asked what everyone thought about it. Like I said it’s just an idea and thought if you will. I don’t not know anything about this country but I didn’t get where I am but trusting a women or being scared. If you don’t take changes you will never get anywhere.

1 member reacted to this post

eptowing Active member

44POSTS

4 years ago

#28

@Enzyte Bob

I seen that story as well. It’s probably not wise to said how I would of handle that ordeal but let’s just say that the next morning after I found out what was going on when the ex partner showed up to open the place up the place wouldn’t be there. Hope they brought Marshmallows and sticks to cook them on.

2 members reacted to this post

coach53 ViP

1564POSTS

4 years ago

#29

Happened to see

Perhaps an alternative?

11 rooms "appartments" /boarding house with own entrances in long line* at tiny lot in central Puerto Princessa only 5 lowered to 3.5 mill rush sale!

Of what I can see it can be redone to a hotel rather easy if prefering that.

Photo only at outside but look decent quality.

Facebook Rodel Gan Repecio if someone is interested so I dont need to keep in mind where I saw it

15 may. Price droped allready so seem to be very much in a hurry.

RUSH

APARTMENT FOR SALE

Net/Owner price 5 MILLION negotiable upon viewing

11 rooms(2,500-3500) upa per kwarto binabaan lang dahil sa pandemic,

Location; Kaakbayan,Tiniguiban.. tabing cemented road

Area; 314sqm

Status; Ready for Title,reason bakit wala pa,nagkastroke ang mayari di na naasikaso.. no problem naman kasi dati din syang taga survey ng DENR..

RFS; Uuwi na sa Nueva ecija

May bakanteng lote pa po yan pwede pang pagtayuan ng bahay, at may tindahan sa harap light materials nagsara lang siya

Roughly meaning it seem to be a TRUE reason for fast sell low price by owner who is manager got stroke so he cant look after it, and he who try to assist selling want to go home far away. Can be about an emergency to pay hospital too.

Although need to check how close to titled "ready to title" mean or if there are any other legal issue. Many Filipinos dont bother to title even when its just make an application and pay a tiny fee. (Rural its around 3000pesos for a big lot.) In some places are most properties not titled.

It has a wood shed type shop too.

I believe part of the text relate to a farm they sell too.

stumpy Laos Expert

18032POSTS

4 years ago

#30

@coach53

Advertise in the housing section top of this page and also the classified section too.

coach53 ViP

1564POSTS

4 years ago

#31

@coach53

Advertise in the housing section top of this page and also the classified section too.
- @stumpy

WHAT? I am NOT seller of ANY real estate. I am BUYING. When I searched for OTHER type of real estates to BUY to myself, I just found what people in some topics asked for and perhaps can be interested in. THAT'S what I posted.

- -

An other topic disapeared without I got to know - How come I cant message, not even ANSWERING messages I get???

Cherryann01 ViP

1323POSTS

4 years ago

#32

I say just go for it if the opportunity presents itself. You are obviously smart enough to do your research and check things out first and like you said, you don’t trust anybody back home so just stick to that line of thinking and you will be ok.

1 member reacted to this post

Darwin Barr New member

7POSTS

4 years ago

#33

@eptowing Hello before you start you should find the island and a good place and property with clean documents! You should be careful!

If you decide to build something on the Negros Island let me know I will help you to find a good place and build it. You can contact me*****

Moderated by Djameel 4 years ago
Reason : Please share contact details via private message, thank you.
We invite you to read the forum code of conduct

Lotus Eater ViP

2058POSTS

4 years ago

#34

@coach53

Advertise in the housing section top of this page and also the classified section too.
- @stumpy

WHAT? I am NOT seller of ANY real estate. I am BUYING. When I searched for OTHER type of real estates to BUY to myself, I just found what people in some topics asked for and perhaps can be interested in. THAT'S what I posted.

- -

An other topic disapeared without I got to know - How come I cant message, not even ANSWERING messages I get???
- @coach53

Well you could have fooled me. I nearly ended up buying the place . Then I thought 'only fools rush in.' Besides would anyone take advice from an estate agent (realtor to our American friends) who has never even seen the property let alone visited the country where it is?

coach53 ViP

1564POSTS

4 years ago

#35

@coach53

Advertise in the housing section top of this page and also the classified section too.
- @stumpy

WHAT? I am NOT seller of ANY real estate. I am BUYING. When I searched for OTHER type of real estates to BUY to myself, I just found what people in some topics asked for and perhaps can be interested in. THAT'S what I posted.

- -

An other topic disapeared without I got to know - How come I cant message, not even ANSWERING messages I get???
- @coach53

Besides would anyone take advice from an estate agent (realtor to our American friends) who has never even seen the property let alone visited the country where it is?
- @Lotus Eater

You make a STUPID post against me AGAIN... Will you ever learn?

I DIDNT advice buying it. I even wrote it need to be PROPER CHECKED not only the real estate, but the documents too.

I am NOT selling any real estates, I am BUYING total OTHER type of real estates than they asked for. I ONLY did tell a PERHAPS bargain I happened to find when I looked for totaly OTHER type of real estate for myself...

((I am buying inland RURAL BUSINESSES, which are NOT resort or such. Mine are a type of PRODUCTION businesses, which I plan to merge to one business and correct big errors earlier owners have made, thats why they sell very cheap by they dont know how to solve the problems. But I do. Its rather easy to solve - except the part geting permits

But we have got 5 "allready", not yet the 6th = last to be allowed to start.))

Enzyte Bob ViP

4368POSTS

4 years ago

#36

I am NOT selling any real estates, I am BUYING total OTHER type of real estate. . .coach53

*****************************************************************************

If you find any Garlic farms for sale let us know.

coach53 ViP

1564POSTS

4 years ago

#37

@coach53. . .I am NOT selling any real estates, I am BUYING total OTHER type of real estate*****************************************************
If you find any Garlic farms for sale let us know.

- @Enzyte Bob

Actualy where I want to live there are no soils suiting garlic and onions, they are rare in whole Philippines.* I suppouse thats why smugglers tried to get in several containers of such trying to fool the custom all were porselin

(I dont want to be farmer anyway.)

* There are some such soils around Baguio, plus at "Litle Baguio" NW of Iloilo.

PhilRes Active member

85POSTS

4 years ago

#38

Eptowing - while this thread may have gone completely south..my one advice that I think would be echoed by everybody is that you need to respect Philippines is entirely different culture/system...etc.. You are best to commit at least a year on the ground before taking ANY risks/making any investments. If you don't, odds are stacked heavily against your investments, whatever they may be from relationships to business. And yes in with the wrong people, you get shot in the back as a reward to a successful venture, no Hollywood ending. Easy to budget a year "research", worse places to do it?!

1 member reacted to this post

coach53 ViP

1564POSTS

4 years ago

#39

Easy to budget a year "research", worse places to do it?!
- @PhilRes

Yes much research needed. I researched 9 years before I started, but I started with 184 ideas

and narrowed it down to 10 favorites by research before I decided what to chose.

So I suppouse he can be done in a year or perhaps a bit less by its only one idea, but it need to get to know seasonal differences. And some acountings cant be trusted, some can be lowered to avoid tax while when selling it can be the opposite, so a bunch of similar businesses need to get checked to figuere out whats likely true.

BUT covid have made it a guessing game how it will become anyway, so if being a gambler there have become bargains by covid which improve the gambling odds, so if finding a bargain perhaps go for it earlier.

1 member reacted to this post

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Okieboy Serial expat

659POSTS

4 years ago

#40

@eptowing there are lot of them for sale, beware when you see Filipinos getting out that business, there are so many, people come and go, I have a small apartment in Davao city I keep when I want to get out of the province, it is 4000 a month 130 water and electricity meter it is nice and quite there are 9 units the owner lives down stairs, most living here work in call centers,

1 member reacted to this post