What I heard here in Manila is not unlike what I have seen elsewhere in the world. Here are 10 things to watch out for before investing on this type of program here in Manila or anywhere in the world:

• Having a commercial space in one of the most popular malls in the city, with an army of salesmen, is expensive, so the real estate company makes very large margins on these apartments, which means it's open to negotiation and you have to negotiate
• I am not from here, and I have no idea what are prices per square meter. What is certain is that the location is good: near a mall, luxury hotels nearby, I saw that the Westin hotel chain builds residences in the neighborhood. I am told 50000 usd for a 2 bedroom apartment of 40m2. I have no idea if it's in market prices. If I wanted to buy, it would be something to benchmark. Because if I overpay at the time of purchase, I will never succeed to make profitable and you can even lose to the dream resale
• The advantage here is that it is already built so we avoid a lot of risks compared to buying on plan
• I am told that with rising prices, I could easily sell the apartment with added value. Again it is the classic promise of a seller, it may be true, but without knowing the local market is difficult to verify.
• Also in this kind of country where foreigners can not own 100% of the land, it is necessary to learn about the legal terms, and how easy and fast it is to sell the appartment
• I am told that I can make a lot of money by renting it on AirBnB. Again profitability of such must be calculated, after all expenses are deducted
• Now let's look at the prospectus: it's very smart from the seller to put the prices with monthly installements. The buyer has his mind turned to how much it will cost him per month, rather than what will be his total cost or what is the price per square meter.
• It is nowhere written: what is the number of monthly payments: 5, 10, 15, 20 years?
• It's written 0% rate: nice argument but this rate is saying free you're going to pay somewhere - maybe in the initial inflated price.
• It will also be necessary to understand who manages the co-ownership, what are the monthly service fees. Are there local taxes?

So if you are interested in this type of investment you have to thoroughly study the subject, negotiate the purchase price, and refrain beoing easily seduced by sales techniques of sales people.

I obviously did not buy. It is true that this kind of opportunity it is tempting because for the foreigner that I am the ticket is very affordable. A few tens of thousands of dollars, which for someone who has managed like me to develop several sources of income, I could buy cash several properties like this one a year. But I keep the Philippines on my radar because I am convinced that it is a country with very high potential, and unlike other Asian countries it has the great advantage of having all its administration and all the economic life, the world business that is done in English.

Chao see you soon for another video. Don't forget to click and subsribe to the Waterfall Revenue YouTube Channel, and register to The Circleto receive the private content that I do not share public! (strategic thinking to succeed in your professional career and your financial life).