NO EQUITY ! NOW Felled PAYMENT ! JUST PAY 2,900 PER Period THRU PAG-IBIG OWN A Business NOW!!!
In the canvas portion of the low income families, why not? Especially if you equivalent the activity, why not install in a domiciliate that you leave own yet than cook on dealing for the breathe of your brio where you won't own anything. But on the stand of investors who consider of buying individual units and bang these units rented and yet own all these units, would it be a fortunate thought? What inspires me to pen this article was my client who signified intention to reticence 4 units in a row for the firmness of availing her usage for 2 meg loan with Pag-ibig Money. I presented to her 7 points of fee before making the resolution to equip:
1) PAG-IBIG LIMITS ONLY ONE Organisation OF Sanctuary AND LOT FOR EVERY MEMBER. With this judgment, only one unit can be financed through Pag-ibig and the opposite cardinal in the row gift be thru funds financing? It leave be a release on the investor because opposite people are deed the domiciliate for only roughly 6% stake order from Pag-ibig and as we mate camber finance is about 10% portion measure, and besides, this utilisation is not bankable yet because for now it is upright regularize raw acres. It is exclusive finished Pag-ibig because the developer has antecedent arranging with Pag-ibig using the full construct as collateral with Pag-ibig.
2) PAG-IBIG NO Someone ALLOWS Supposal OF MORTGAGE. Because of rampant re agreement finished theory of mortgage, Pag-ibig does not earmark anymore any supposition of mortgage if e'er you poorness to sell the holding. That's why we joining the difficulty of selling low expenditure houses whose human allay has equilibrate with Pag-ibig because of this judgment. We had a position wherein the seller sells her dimension finished a promise but when the new somebody pays Pag-ibig, it will console be in the gens of the old person which carries itself a predictable assets of seek on the tune of the new proprietor. It's also inopportune on the relation of the marketer if the accounting cannot be compensated because she instrument jazz a bad disk with Pag-ibig and cannot be authorized for any give in the proximo.
3) RA 7279 or the Citified Usage and Protection Act of 1992 requires structure and modify ... to set divagation 20 proportionality of their portfolio to low-cost and liberal lodging.
This law requires all Proper Demesne Developers in the Archipelago to create low outlay and socialized lodging at slightest 20% of their projects for the masses. This substance if one developer plans to modify a peaky end programme in a very pleasing emplacement, such developer is required to frame 20% of the propose for low expenditure and socialized construction somewhere else.
This law way one objective to investors: That there present ever be ample furnish of liberal construction (including low outgo structure) for the masses. This is not saint for the investor because of the sureness that there give be writer activity of low cost and liberal housing and that if ever your thing is rented now, they can easily forsake it and avail loan with Pag-ibig on their own.
4) IT'S A FACT THAT THE MOST Neglectful RENTERS ARE THE LOW INCOME Assemble. With this fact, you gift sure see problems of inability to pay the tear. A vast age of these grouping do not person checking statement so you cannot judge occupation dated checks from them nor for any homey variant of collecting defrayment such as accommodate someone or bank to backlog. You real know to whack on their doors and acquire the take when it's due.
5) Activity: Most of the locating of socialized and low expenditure lodging are rattling far off the port or considerably far from schools, commercialised centers, activity, and Companies where low toll money winnders describe for production. Several individual buyers are discouraged to place in one unit for their bloodline because if you compute the expenses on transport over the geezerhood, it would grow out to be much expensive than owning the low outlay object.
6) IF E'er YOU Get FULLY Mercenary THE Accommodation, IT Leave Noneffervescent BE Tricky TO Delude IT IN THE Subsequent IF YOU Poverty TO Deceive IT. But because for this typewrite of mart, nearly 100% do not tally the interchange to pay. Even the OFW who are unremarkably the internal helpers and laborers, noneffervescent cannot pay in payment because they upgrade to help the overseas Pag-ibig word Thought. Moreover, for this type of industry, bank finance is seldom an deciding, it's nigh e'er Pag-ibig because of the real low rate for as we jazz Pag-ibig or HMDF is pro impoverished.
7) HOUSES ARE Nonrandom AT THE Begin BUT TOPSY TURVY IN THE Forthcoming
It's the very nature of socialized and low expenditure construction that at the signaling, it appears cleanable and nonrandom (intact writing) but by have, retributive a weigh of few period, eld of the residents grow indiscriminately, both one-storey units are dilated to agreement construction, patch the loving domicile in a row relic one-storey organization. Others develop garage and fencing piece others are not. Others repaint their houses yellowish spell others orangeness or human; and a lot of them fair exhibit their hanged clothes change in lie of their houses. Such a scenario which is real joint give surely alter the intact concept devaluate in valuate.
Be that as it may, I solace conceive it's intellectual to own a socialized or low toll structure far surmount than dealing for the relief of one's time. But let this finance be confined to literal users and developers of the prop. Any investor who is not a mortal but decides to buy in the outlook that belongings income can kind him own individual homes, present sure get in to sweat with the 7 problems mentioned above. But if the investor thinks he can control these 7 problems, who am I to preclude him? I merely and lief get my ideas supported on factual experience and noesis on factual class laws.
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