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  1. #11608
    Quote Originally Posted by CamelToePokema  [View Original Post]
    I only have Indian rupees cash and don't have any Indian credit / debit cards. How do I exchange these rupees for pesos.
    Exchange the rupees to $$ in India before you go. Then change $$ to pesos in the Philippines. Bring new undamaged $100 dollar bills. Maybe there is a black market in India that gives a better rate than the bank. You will probably find it very difficult to find a market for ruppes in the PI and if you, do the exchange rate will be horrific.

  2. #11607

    Indian Rupees To Pesos.

    I'm planning my first trip to Philippines this year from India. The tentative plan is to land in Manila and take the Genesis bus to Angeles City. I only have Indian rupees cash and don't have any Indian credit / debit cards. How do I exchange these rupees for pesos? I've searched the forums and I understand that it's easy to convert major currencies like USD at the airport and local banks / stores, but am not sure if Indian rupees will be readily exchanged like USD. Any help to this newbie will be much appreciated.

  3. #11606
    "Link to Cebu Forum" has dropped from the (bottom of) the top set of threads, to the middle of the bottom thread (User Blog). Anyone know why? Disclaimer: I miss the occasional memo.

  4. #11605
    Quote Originally Posted by KabulGuy  [View Original Post]
    (We were looking at about $3 k CDN each a month. That would be $5 k for the place and $5 k each lady, with a small reserve in case we had people drop out.).
    Are you talking about CAD here? Canadian Dollars? You were going to pay each lady almost 4,000 USD a month?
    Are you talking about a condo in Canada or in the Phils?

  5. #11604
    Quote Originally Posted by BaddHabbit  [View Original Post]
    I hear you on that one. I'm looking at picking up a place for myself in Singapore, and have ended up coming to the conclusion that it is better to buy one of the older places, because the new ones are just so damn small.
    Besides that you see what you are getting and the place has already settled.

  6. #11603
    Quote Originally Posted by MrEnternational  [View Original Post]
    Exact same thing in Thailand RK. My main wingman (the guy who got me on ISG) bought a place in Pattaya. Well he paid for it 4 years ago, but since they wait to have a certain percentage of buyers before they start building, his place just got ready at the beginning of this year. I would have gotten my money back long ago. And like you said, these new places are match boxes compared to the older ones. He had to have his washing machine installed on the balcony. I mean there is not even enough space to change your mind in them.
    I hear you on that one. I'm looking at picking up a place for myself in Singapore, and have ended up coming to the conclusion that it is better to buy one of the older places, because the new ones are just so damn small.

  7. #11602
    Quote Originally Posted by RedKilt  [View Original Post]
    Don't believe everything you read BH.

    Come and live here for at least 4 to 6 months and see for yourself. There are literally 1000's of properties being built all over the place (but especially in Metro Manila), and most of us (including some RE agents that I know) are wondering who is going to buy them or rent them. The presumption is that returning OFWs will buy them, but a completed condo building near my place that has been opened for 18 months has 40% of the units still unsold.
    Exact same thing in Thailand RK. My main wingman (the guy who got me on ISG) bought a place in Pattaya. Well he paid for it 4 years ago, but since they wait to have a certain percentage of buyers before they start building, his place just got ready at the beginning of this year. I would have gotten my money back long ago. And like you said, these new places are match boxes compared to the older ones. He had to have his washing machine installed on the balcony. I mean there is not even enough space to change your mind in them.

  8. #11601
    Quote Originally Posted by BaddHabbit  [View Original Post]
    The real point of the posting was the more generalised point from the article about real-estate investment opportunities.
    Don't believe everything you read BH.

    Come and live here for at least 4 to 6 months and see for yourself. There are literally 1000's of properties being built all over the place (but especially in Metro Manila), and most of us (including some RE agents that I know) are wondering who is going to buy them or rent them. The presumption is that returning OFWs will buy them, but a completed condo building near my place that has been opened for 18 months has 40% of the units still unsold.

    I bought an older-style condo unit 11 years ago but did so purely for somewhere to live and not as an investment, so I have "saved" a huge amount of money that would have otherwise gone on rental fees. A bonus for me is that my property has doubled in value as it is in a highly desirable position, has car parking space (very important), and is much larger than the newer units being built that are pitifully small. Of course, doubling in "value" only means something if there is a buyer if and when I decided to sell.

    I would caution anyone against buying property for investment especially if you are a foreigner WITHOUT trust-worthy local advice.

  9. #11600
    Quote Originally Posted by KabulGuy  [View Original Post]
    I was actually in discussions with some guys back home where we would pay for the place, set it up with hot tub, sauna etc and have two girls live there. They would be paid a "salary. ".

    >SNIP<

    However for the guys who come and go, renting a place on a 12 month term, setting it up as the group wants, with scheduled times to use just might work out. You could offset some costs with Airbnb when not otherwise in use by the investors.
    Well, the original comment was just an amusing thought experiment (You're a party-pooper, Mr E!), but being in the AEC industry I can in fact see how to make it work, even after a mongering destination were to go cold. The real point of the posting was the more generalised point from the article about real-estate investment opportunities.

  10. #11599
    Quote Originally Posted by MrEnternational  [View Original Post]
    When I go somewhere to get pussy the only deals I want to make are for exactly that. There are already plenty of monger friendly hotels and condos around. Why get bogged down with the stress of business deals. This is supposed to be a relaxing period. And when the mongering hotspot turns to a mongering cold spot then what?

    ......

    Don't add unnecessary shit to your plate. Focus on the mongering at hand. Who wants to leave with more grey hair than they came with?
    I was actually in discussions with some guys back home where we would pay for the place, set it up with hot tub, sauna etc and have two girls live there. They would be paid a "salary. ".

    Each "investor" would have exclusive nights. It would have worked out much less than traditional methods but we could never get enough guys interested in to make a go of it. There were two ladies who did fully interactive 3 ways interested in the arrangement. They wanted a veto right on any investor.

    The main drawback to getting others to come on board was that they said that they would quickly tire of the same two several times a month. A few were OK with once a month but the original ones in the discussion wanted to have several nights a month. The girls wanted to keep it to less than 6 guys so we were looking at 5 times each a month. (We were looking at about $3 k CDN each a month. That would be $5 k for the place and $5 k each lady, with a small reserve in case we had people drop out.).

    We were going to set it up that you could come as early as 6 PM and sleep over leaving by 6 AM. In hind sight it was a good thing we never went ahead with it. Just after the discussions fell apart my employer closed doors and I had to leave for overseas work ending up here a year later.

    However for the guys who come and go, renting a place on a 12 month term, setting it up as the group wants, with scheduled times to use just might work out. You could offset some costs with Airbnb when not otherwise in use by the investors.

  11. #11598
    Quote Originally Posted by BaddHabbit  [View Original Post]
    And that got me thinking.. :-p Monger-friendly buildings, and entry layouts. Big beds, mirrors, large showers, large bathtubs, etc, etc. I can imagine a network of places around the world in the various monger hot-spots, catering directly to the lifestyle. Buy in and get 4 weeks a year to spend in PI, or DR, or Ukraine, or Ghana, or Thailand, or, or, or. Woot!
    When I go somewhere to get pussy the only deals I want to make are for exactly that. There are already plenty of monger friendly hotels and condos around. Why get bogged down with the stress of business deals. This is supposed to be a relaxing period. And when the mongering hotspot turns to a mongering cold spot then what?

    I got a buddy down in Rio now who invested in rental property when Copacabana was a mongering hotspot. Now that it is a mongering cold spot he has sold his places but is still left with the burden of getting his money out of there a little at a time. Or what if you had invested in Boracay? You would be mad as a mf right now.

    Go. Have fun. And take your ass back home (or move there). Forget all the bright ideas (especially the ones that revolve around mongering.) Reminds me of my buddy a couple of months ago getting the bright idea to buy a bunch of dresses off Amazon and bringing them to Pattaya to sell. Clearly it was not a well thought out plan. First of all, if the girls had money to spend on that then they would not be hookers in the first place. Second of all there are plenty of rolling stores running around selling $3 dresses. And of course the ones that he had he would have to sell for way more than that. Needless to say, he went back home with just as many dresses as he arrived with.

    Don't add unnecessary shit to your plate. Focus on the mongering at hand. Who wants to leave with more grey hair than they came with?

  12. #11597
    Quote Originally Posted by Mogwai  [View Original Post]
    So basically what you want is charging your fellow mongers high rents LOL.
    Wasn't proposing that I be the one to do it. LOL! But if you had 50 people kick in to a dozen or so apartments, it could get interesting. And then, no, there would be no rent, it would be time-share style. Maybe you could charge high-rent to non-members for unallocated member time.

  13. #11596
    Quote Originally Posted by BaddHabbit  [View Original Post]
    Basically it is looking at the offset of high rental yield vs low tax rates.
    So basically what you want is charging your fellow mongers high rents LOL.

  14. #11595

    Real Estate Investment

    Ran into an interesting article yesterday: https://www.gobankingrates.com/inves...ment-property/. It rates Philippines as best global real estate investment opportunity in the world.

    Basically it is looking at the offset of high rental yield vs low tax rates. It does NOT appear to consider operational costs, and I haven't yet looked at follow up data, but it certainly was enough to start me wondering about buying in to the market. Maybe two apartments. One for long-term rental and another for AirBnB which I can use for myself when I need some LBFM-lovin'.

    And that got me thinking. I recently read some commentary in one of the threads (forget which) about time share scams. Started thinking about a time share setup dedicated to mongers. Extra towels, more cleaning (by people who know the score), sturdy furniture, easy clean furniture materials. :-p Monger-friendly buildings, and entry layouts. Big beds, mirrors, large showers, large bathtubs, etc, etc. I can imagine a network of places around the world in the various monger hot-spots, catering directly to the lifestyle. Buy in and get 4 weeks a year to spend in PI, or DR, or Ukraine, or Ghana, or Thailand, or, or, or. Woot!

    Call it MNGR. Managed Network of Global Realestate. .

  15. #11594

    Elections are now

    No alcohol sales.

    No gun carry.

    Voting buying in full progress now.

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