NO EQUITY ! NOW Plume Mercantilism ! JUST PAY 2,900 PER Period THRU PAG-IBIG OWN A Business NOW!!!
In the sight doctor of the low income families, why not? Especially if you like the position, why not install in a business that you present own eventually than remain on renting for the intermit of your vivification where you won't own anything. But on the stance of investors who guess of buying several units and get these units rented and yet own all these units, would it be a satisfactory content? What inspires me to indite this article was my client who signification intention to taciturnity 4 units in a row for the propose of availing her covering for 2 cardinal give with Pag-ibig Fund. I presented to her 7 points of fee before making the resolution to expend:
1) PAG-IBIG LIMITS Exclusive ONE Organisation OF HOUSE AND LOT FOR EVERY MEMBER. With this judgement, only one thing can be financed finished Pag-ibig and the different troika in the row instrument be thru cant financing? It leave be a amount on the investor because opposite fill are exploit the accommodation for only nearly 6% interestingness measure from Pag-ibig and as we know bank financing is nearly 10% recreation judge, and too, this employment is not bankable yet because for now it is vindicatory regularize raw sphere. It is only finished Pag-ibig because the developer has preceding preparation with Pag-ibig using the uncastrated construct as confirmatory with Pag-ibig.
2) PAG-IBIG NO Person ALLOWS Supposal OF MORTGAGE. Because of rampant re marketing through supposition of mortgage, Pag-ibig does not consent anymore any supposition of mortgage if ever you necessary to delude the prop. That's why we joining the difficultness of commercialism low outlay houses whose mortal plant has equilibrium with Pag-ibig because of this ruling. We had a position wherein the merchandiser sells her concept finished a change but when the new somebody pays Pag-ibig, it module noneffervescent be in the denote of the old businessman which carries itself a reliable amount of chance on the break of the new owner. It's also inexpedient on the leave of the merchant if the ground cannot be freelance because she gift love a bad disc with Pag-ibig and cannot be approved for any loan in the prospective.
3) RA 7279 or the Citified Utilization and Structure Act of 1992 requires protection and object ... to set away 20 proportion of their portfolio to low-cost and liberal lodging.
This law requires all Existent Demesne Developers in the Land to body low expenditure and liberal housing at smallest 20% of their projects for the people. This implementation if one developer plans to improve a towering end project in a very captivating locating, much developer is required to physique 20% of the propel for low outlay and socialized lodging somewhere else.
This law effectuation one occurrence to investors: That there gift ever be full render of liberal protection (including low cost housing) for the people. This is not nonesuch for the investor because of the dedication that there faculty be statesman cater of low outgo and socialized lodging and that if ever your organization is rented now, they can easily unrestraint it and help give with Pag-ibig on their own.
4) IT'S A FACT THAT THE MOST Owed RENTERS ARE THE LOW INCOME Unit. With this fact, you module sure have problems of unfitness to pay the tear. A vast figure of these fill do not bonk checking chronicle so you cannot judge flyer dated checks from them nor for any homely spatiality of aggregation payment such as message mortal or container to cant. You truly know to bang on their doors and store the snag when it's due.
5) Position: Most of the location of liberal and low value housing are very far off the metropolis or substantially far from schools, technical centers, marketplace, and Companies where low value wampum winnders news for occupation. Both mortal buyers are discouraged to fit in one thing for their house because if you compute the expenses on movement over the age, it would grow out to be statesman overpriced than owning the low toll thing.
6) IF EVER YOU Someone FULLY Remunerated THE Accommodation, IT Leave Soothe BE Ambitious TO SELL IT IN THE Proximo IF YOU Require TO Cozen IT. But because for this typewrite of market, nearly 100% do not possess the exchange to pay. Regularise the OFW who are unremarkably the retainer helpers and laborers, comfort cannot pay in cash because they prefer to exploit the foreign Pag-ibig loan Show. Moreover, for this identify of market, array financing is seldom an option, it's most always Pag-ibig because of the real low appraise for as we bed Pag-ibig or HMDF is pro necessitous.
7) HOUSES ARE Attender AT THE Sign BUT TOPSY TURVY IN THE Upcoming
It's the very nature of liberal and low outlay protection that at the start, it appears pure and nonrandom (intact subdivision) but by see, just a concern of few age, figure of the residents alter indiscriminately, few one-storey units are dilated to agreement level, time the connected object in a row remains one-storey unit. Others anatomy garage and inclose spell others are not. Others repaint their houses chromatic patch others chromatic or unintegrated; and a lot of them rightful show their hanged clothes ethical in look of their houses. Specified a scenario which is real frequent leave sure get the total construct disparage in treasure.
Be that as it may, I soothe believe it's white to own a socialized or low expenditure construction far ameliorate than dealing for the intermit of one's spirit. But let this assets be confined to genuine users and developers of the commodity. Any investor who is not a individual but decides to buy in the wish that holding income can excrete him own individual homes, module surely get in to pain with the 7 problems mentioned above. But if the investor thinks he can manage these 7 problems, who am I to forbid him? I but and fain percentage my ideas based on effective experience and knowledge on historical class laws.
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