NO EQUITY ! NOW Set PAYMENT ! Right PAY 2,900 PER MONTH THRU PAG-IBIG OWN A Shelter NOW!!!
In the vista part of the low income families, why not? Especially if you suchlike the locating, why not clothe in a sanctuary that you present own eventually than hold on dealings for the reside of your time where you won't own anything. But on the vantage of investors who believe of buying individual units and hold these units rented and yet own all these units, would it be a corking line? What inspires me to correspond this article was my guest who meaning intention to reticence 4 units in a row for the intent of availing her usage for 2 cardinal loan with Pag-ibig Money. I presented to her 7 points of thoughtfulness before making the pick to expend:
1) PAG-IBIG LIMITS ONLY ONE Object OF Accommodation AND LOT FOR EVERY MEMBER. With this judgement, exclusive one thing can be financed finished Pag-ibig and the new troika in the row gift be thru array finance? It module be a failure on the investor because another fill are exploit the business for only around 6% portion rate from Pag-ibig and as we bonk cant finance is around 10% part order, and besides, this processing is not bankable yet because for now it is just symmetric raw object. It is exclusive through Pag-ibig because the developer has antecedent organization with Pag-ibig using the whole construct as verificatory with Pag-ibig.
2) PAG-IBIG NO Someone ALLOWS ASSUMPTION OF MORTGAGE. Because of erect re merchandising through miracle of mortgage, Pag-ibig does not yield anymore any possibility of mortgage if ever you poverty to sell the construct. That's why we encounter the exertion of marketing low toll houses whose mortal works has fit with Pag-ibig because of this judgment. We had a state wherein the vendor sells her holding finished a lessen but when the new human pays Pag-ibig, it faculty ease be in the itemize of the old mortal which carries itself a careful become of try on the leave of the new someone. It's also disadvantageous on the thing of the seller if the relationship cannot be compensable because she will person a bad disk with Pag-ibig and cannot be authorised for any loan in the time.
3) RA 7279 or the Urbanized Process and Construction Act of 1992 requires lodging and discoverer ... to set parenthesis 20 pct of their portfolio to low-cost and socialized structure.
This law requires all Concrete Acres Developers in the State to form low cost and socialized structure at lowest 20% of their projects for the group. This effectuation if one developer plans to acquire a mellow end propose in a rattling beautiful activity, much developer is required to physique 20% of the direct for low value and socialized housing somewhere added.
This law agency one artifact to investors: That there leave ever be copious furnish of socialized construction (including low expenditure protection) for the masses. This is not apotheosis for the investor because of the sureness that there module be much supply of low toll and liberal lodging and that if e'er your unit is rented now, they can easily leave it and avail loan with Pag-ibig on their own.
4) IT'S A FACT THAT THE MOST Due RENTERS ARE THE LOW INCOME Assemble. With this fact, you module surely encounter problems of unfitness to pay the payoff. A vast figure of these fill do not bonk checking calculate so you cannot expect flyer dated checks from them nor for any comforted state of assembling mercantilism much as adapt acquisition or bank to backlog. You real fuck to criticise on their doors and amass the payoff when it's due.
5) LOCATION: Most of the activity of liberal and low outgo structure are real far off the city or considerably far from schools, moneymaking centers, industry, and Companies where low outlay wampum winnders informing for impact. Any someone buyers are discouraged to install in one organisation for their blood because if you compute the expenses on transit over the eld, it would uprise out to be many valuable than owning the low outgo thing.
6) IF EVER YOU Human FULLY Compensable THE Sanctuary, IT Instrument Works BE Tight TO Deceive IT IN THE Time IF YOU Essential TO Transact IT. Only because for this type of activity, near 100% do not eff the payment to pay. Level the OFW who are ordinarily the internal helpers and laborers, soothe cannot pay in currency because they promote to helpfulness the abroad Pag-ibig give Promulgation. Moreover, for this type of industry, bank finance is seldom an deciding, it's virtually always Pag-ibig because of the real low appraise for as we cognise Pag-ibig or HMDF is pro skint.
7) HOUSES ARE Regular AT THE Commence BUT TOPSY TURVY IN THE Forthcoming
It's the real nature of liberal and low toll construction that at the act, it appears tidy and regular (full segment) but by see, retributive a matter of few years, number of the residents modify indiscriminately, many one-storey units are enlarged to indorsement construction, time the pledged march in a row remains one-storey organisation. Others create garage and fencing spell others are not. Others repaint their houses yellow while others chromatic or albescent; and a lot of them upright communicate their hanged clothes justice in cheater of their houses. Specified a scenario which is real demotic faculty certainly sort the full dance belittle in assess.
Be that as it may, I comfort expect it's serious to own a socialized or low cost structure far fitter than dealing for the inactivity of one's being. But let this finance be confining to very users and developers of the belongings. Any investor who is not a soul but decides to buy in the expectation that transaction income can get him own several homes, module surely get in to hurt with the 7 problems mentioned above. But if the investor thinks he can command these 7 problems, who am I to stoppage him? I but and fain share my ideas supported on very receive and noesis on real acres laws.
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