Comments on: A strategy for creating passive income in the Philippines

By: Bob

Bob — Sat, 13 Dec 2008 10:35:17 +0000

Hi ivy vanessa cabunoc – If you have the opportunity, I think that owning some apartment units is a nice investment!

Thank you for enjoying my site!

By: ivy vanessa cabunoc

ivy vanessa cabunoc — Sat, 13 Dec 2008 07:37:28 +0000

hi bob..,i love ur writing..and i find it good and interesting….that is also one of my dreams to own a dozens door of apartment units..Just continue the good work..
More Power

By: Bob

Bob — Mon, 16 Jun 2008 22:41:13 +0000

Hi jan – Congratulations to you and your husband! I think that you are doing a great thing, and taking a great step toward financial independence here in the Philippines! Good luck!

By: jan

jan — Mon, 16 Jun 2008 17:33:57 +0000

hi bob,

my husband and i recently purchased a property in davao for the same investment idea. proud to say we got a pretty good deal considering how expensive other neighboring properties are. once our house here in the states will be paid off completely (3 years more), we should be able to start building our apartments in the philippines. i’m excited.

By: Bob

Bob — Sun, 04 May 2008 22:46:12 +0000

Hi Thomas Shawn – Thanks for your vote of confidence! It’s funny how your Fil/Am friends are all planning to make the move too. When we came here in 2000, all of our Fil/Am friends thought we were crazy! I wonder now, with the economy in poor shape and such, how they would feel about making such a move!

By: Thomas Shawn

Thomas Shawn — Sun, 04 May 2008 12:21:37 +0000

Bob -

I think you have a good plan here mainly because you said you already have experience in this area. If I planned such a thing it would meet with certain disaster because it is outside the scope of my experience/skills.

You just might have those units up in time for me, as wifey and I are stepping up our planning for a move to Davao! almost 100% of our Fil/Am friends are planning the same thing …. all of American guys are salivating at the idea of packing it in by age 45 and living modestly in the PI.

How about this …. turn this web page or another into some sort of relocation clearing house. Having a rental place is priority number 1 as wifey and I plan on how we could possibly do this move (we’re still young nd have kids.) Perhaps other landlords will want to list their places/businesses with you.

I’m working out my own mojo for money making but it involves the stock market which is something more in my comfort zone than renting out/running stuff.

By: Bob

Bob — Sun, 04 May 2008 00:35:32 +0000

Hi Bruce – When building an investment property, the rising costs are not a big concern. If the cost of the building goes up, the cost of the rents you charge will also go up, so you’ll still make money.

It just is not something I am ready to move ahead on at the moment. It’s something that I will be considering.

By: Bruce

Bruce — Sun, 04 May 2008 00:20:49 +0000

Bob,
Just remember, with all the building here in Davao, prices are going up.

By: Bob

Bob — Sun, 04 May 2008 00:04:42 +0000

Hi Bruce – I’ll certainly keep you in mind. Remember, though.. I am nowhere near the stage of doing this, it’s just a thought that I’m kicking around.

Hi Mike K – Sounds like your friend is doing well! Congrats to him!

By: Mike K.

Mike K. — Sat, 03 May 2008 11:50:30 +0000

I have a friend that built a small hotel (9 rooms) above a really nice restaurant in Barrio Baretto (Between Subic City and Ologapo). He stays busy year round with expats and tourists. Check the place out if you are ever in the area Dryden Restaurant and Hotel. In fact I see it is listed on the RAO Subic website… I am thinking of a restaurant a lot like this. Only I would add more variety to the menu i.e. American/ Mexican/ European and Filipino foods. I had a chance to buy a big piece of land next door to one of the next shopping malls being built here, but, I messed around with it to long and lost the opportunity (then again maybe I should check back on it before I say its not available anymore).