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City Clou Condominium, 0549 D. Jakosalem Street, Cebu City (2026)

08/08/2024

A Beginner’s Guide to Real Estate Investing Strategies

If you’re thinking about investing in real estate to make money, you need to first determine your financial goals. Do you need to make money quickly, invest for your children’s college fund, or build wealth for your retirement? Once you determine your financial goals, you need to decide which type of investing strategy works for you.

Make Money in Real Estate – Fast Cash Strategy

If you’re low on cash, get started by finding a bargain house and selling the contract to another real estate investor. Join a real estate investing club to find investors willing to pay you for finding good deals.

Make Money in Real Estate – Income Property Strategy

If you want to increase your monthly income, look for income property that returns a positive net income from month to month. Start with single family house. Look for a bargain below market value. Fix up the house to generate top rental income. Find houses that will rent for more than your mortgage payment. You may need to go out from your home area to a location that supports this type of return on your money. You can’t pay Php 560,000 for a home with a mortgage of Php 4,500 that only rents for Php 3,500. You might start with a home for around Php 560,000 that rents for Php 6,000. You will need good credit to get a loan with good interest rates. In a few years, your rental income should go up. Many real estate investors enjoy thousands of pesos each month generated by income property.

However, some investors don’t like dealing with tenants and prefer to make money in other real estate ventures.

Make Money in Real Estate – Investment Property Strategy

If you want to make money focusing on profits, investment property offers a different strategy. Instead of worrying about rental income, look for property that you can transform and sell or property that will appreciate significantly over time. Besides fixing a house up, you can transform a property by changing it. For instance, some investors buy apartment buildings and turn them into condominiums. Many investors speculate in land and make money by holding the land until new development in the area increases the value.

Examine your financial situation along with your long term goals. You can get started by flipping properties, move onto income properties, and then make larger profits with investment properties. You might end up using a combination of all three strategies to make money investing in real estate.

For more information about properties Chat with me Today‼️

𝐌𝐀𝐑𝐊 𝐆𝐄𝐎𝐕𝐈𝐑 𝐃. 𝐕𝐄𝐍𝐃𝐈𝐎𝐋𝐀
𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙎𝙖𝙡𝙚𝙨𝙥𝙚𝙧𝙨𝙤𝙣 𝙊𝙛 𝙁𝙞𝙡𝙞𝙥𝙞𝙣𝙤 𝙃𝙤𝙢𝙚𝙨 𝙍𝙚𝙣𝙩 𝙈𝙖𝙣𝙖𝙜𝙚𝙧 𝙤𝙛 𝙍𝙚𝙣𝙩.𝙥𝙝
𝙋𝙍𝘾 𝘼𝙘𝙘𝙧𝙚𝙙𝙞𝙩𝙚𝙙 𝙍𝙚𝙖𝙡𝙩𝙤𝙧
𝘿𝙃𝙎𝙐𝘿 𝘼𝙘𝙘𝙧𝙚𝙙𝙞𝙩𝙚𝙙 𝙍𝙚𝙖𝙡𝙩𝙤𝙧

20/07/2024

Here are the updated estimated cost of construction for 2024. Costs may vary based on project details, size and location. Cost stated herewith are not supposed to be the final basis of the entire project’s cost, but they should be good to have a rough estimate and for budget preparation. Final costs should still be consulted with your designer or builder. Value engineering could also further lower costs.

Bare finish: from 20k to 23k
Standard Finish: from 30k to 32k
Luxury finishes: 40k to 44k
Iconic finish: 65k remains the same

E.g. A luxury finished home of 300 sqm could have a budget of 13.2Mn = 300 sqm x 44k/sqm

Prices exclude design fees, furniture and equipment.
References: Construction Materials Growth rates and In-house project surveys

CTTO

You have an option to buy a house and lot on a monthly installment basis in a reputable developer in the county or buy lot only and prepare for all these expenses all at once. ☺️

PM ME FOR INQUIRIES & PROJECT PRESENTATION‼️

𝐌𝐀𝐑𝐊 𝐆𝐄𝐎𝐕𝐈𝐑 𝐃. 𝐕𝐄𝐍𝐃𝐈𝐎𝐋𝐀
𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙎𝙖𝙡𝙚𝙨𝙥𝙚𝙧𝙨𝙤𝙣 𝙊𝙛 𝙁𝙞𝙡𝙞𝙥𝙞𝙣𝙤 𝙃𝙤𝙢𝙚𝙨 𝙍𝙚𝙣𝙩 𝙈𝙖𝙣𝙖𝙜𝙚𝙧 𝙤𝙛 𝙍𝙚𝙣𝙩.𝙥𝙝
𝙋𝙍𝘾 𝘼𝙘𝙘𝙧𝙚𝙙𝙞𝙩𝙚𝙙 𝙍𝙚𝙖𝙡𝙩𝙤𝙧
𝘿𝙃𝙎𝙐𝘿 𝘼𝙘𝙘𝙧𝙚𝙙𝙞𝙩𝙚𝙙 𝙍𝙚𝙖𝙡𝙩𝙤𝙧

20/07/2024

I am a foreigner. Can I buy a property in the Philippines?

The population of foreigners in the Philippines has been increasing in recent years. The Philippines is becoming a popular destination for expats, who are attracted to the country’s low cost of living, warm tropical climate, friendly people, and lucrative opportunities for investment.

With the growing population of foreign nationals, there also has been a growing interest of foreigners to own real estate property in the Philippines. However, Philippine law strictly prohibits them from acquiring land in the country. Despite pressure from expatriate communities to amend this ruling, the easiest way for foreigners to own real estate properties remains through spouses with Filipino nationality.

Foreigners can own condominium units

Non-Filipinos may, however, purchase and own condominium units in the Philippines. This is a popular and permissible alternative for foreigners owning real estate properties in the country. However, the ownership of condominium units is still subject to a 40 percent restriction for foreigners. Condominium projects are treated like a corporation setup, where 60 percent must be Filipino-owned. This means foreign ownership in a single project should not exceed 40 percent.

An exception to this rule, is foreign acquisition of a Philippine real estate in the following cases:

Acquisition before the 1935 constitution.

Acquisition through hereditary succession if the foreign acquire is a legal or natural heir. This means that when you are married to a Filipino citizen and your husband/wife dies, you as the natural heir will become the legal owner of his/her property. The same is true for the children. Every natural child (legitimate or illegitimate) can inherit the property of his/her Filipino father/mother even if he/she is not a Filipino citizen.

Purchase of not more than 40% interest in a condominium project.
Purchase by a former natural-born Filipino citizen subject to the limitations prescribed by law. (natural born Filipinos who acquired foreign citizenship is entitled to own up to 1,000 square meter of residential land, and 1 hectare of agricultural or farm land)
Filipinos who are married to aliens who retain their Filipino citizenship, unless by their act or omission they have renounced their Filipino citizenship.

Other Alternatives
Renting
The land can be leased by the foreigner or a foreign corporation on a long-term contract for an initial 50-year period and renewable every 25 years. Owning of houses or buildings is legal as long as the foreigner does not own the land on which the house is built.

Setting up a corporation
Setting up a corporation with 40 percent of the stocks in the foreigner’s name and 60 percent to Filipinos is also a good alternative. There must be a minimum of 5 stockholders.

For more information pm me 👌
☎️ 0915-334-8767 (Whatsapp/Viber)

𝐌𝐀𝐑𝐊 𝐆𝐄𝐎𝐕𝐈𝐑 𝐃. 𝐕𝐄𝐍𝐃𝐈𝐎𝐋𝐀
𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙎𝙖𝙡𝙚𝙨𝙥𝙚𝙧𝙨𝙤𝙣 𝙊𝙛 𝙁𝙞𝙡𝙞𝙥𝙞𝙣𝙤 𝙃𝙤𝙢𝙚𝙨 𝙍𝙚𝙣𝙩 𝙈𝙖𝙣𝙖𝙜𝙚𝙧 𝙤𝙛 𝙍𝙚𝙣𝙩.𝙥𝙝
𝙋𝙍𝘾 𝘼𝙘𝙘𝙧𝙚𝙙𝙞𝙩𝙚𝙙 𝙍𝙚𝙖𝙡𝙩𝙤𝙧
𝘿𝙃𝙎𝙐𝘿 𝘼𝙘𝙘𝙧𝙚𝙙𝙞𝙩𝙚𝙙 𝙍𝙚𝙖𝙡𝙩𝙤𝙧

29/04/2024

Steps to make a reservation for a pre-selling property

The search is finally over. After all the site trips and meetings, you finally found the property that is for you and that fits you. Congratulations! You are now ready to reserve your unit with your real estate agent/broker.

First time home buyer? Prior to coming to the developers’ office, make sure you have the five basic requirements for reservation with you.

Here’s what will happen during the reservation day;
1. Meet with your Real Estate Agent/Broker at the developers’ office for the reservation.
During this time, you may ask last-minute questions and some clarifications before you officially sign the reservation agreement. If everything is clear and okay with you, then you may proceed with the reservation.

2. Completely sign the buyer’s information sheet.
Make sure all information is correctly spelled and coincide with the documents that you have. If married, both spouses must be present to sign the reservation agreement, unless if the other spouse is out of the country.

In cases where the spouse or the primary buyer is out of the country, the documents and reservation agreements may be accomplished by their chosen SPA (Special Power of Attorney).

3. Choose your desired Unit.
Make sure that you as the buyer agrees to the location and price of the unit to be reserved. Reservation fees are non-refundable and non-transferrable. If later on, you decide to move to another unit, another floor or another lot location, that will invalidate the first reservation and you will have to pay for the reservation fee of the other unit where you wish to transfer (assuming it’s in the same project/condo).

4. Pay the reservation fee or Option Fee.
Make sure you have your cash or check for reservation. For pre-selling properties, The developers will give you the sample computation of the equity payments and break down of fees prior to the official reservation. Make sure you are aware of your obligations and you agree as to the amount and the term of the equity period or downpayment period before signing. Have your real estate agents/broker double-check the documents for possible typographic errors.

If you agree with the term sheets and computations, that’s the time that you will be ushered to the Cashier for the payment of your reservation fee. Make sure you are 100% sure because Reservation Fees are non-refundable and non-transferrable.

5. Sign the term sheets.
The term sheet will contain the Total Contract Price, The Reservation Fee, Transfer Charges or Miscellaneous fee and the breakdown of the equity monthly payments or what payment option you choose. Basically your monthly obligation to be paid directly to the developer as equity payment will be stated in a term sheet. Make sure you are signing the payment terms that you agreed with. It will also contain the payment schedule that you as a buyer need to follow.

Equity payments are most of the time in the form of post-dated checks that you as a buyer need to accomplish and submit. The developer will warehouse these checks and will deposit monthly. Check warehousing is done in a developers’ bank, thus the developers will not be storing these checks in their offices.

6. Sign the Reservation Agreement
This document will contain all the information about your purchase. Please read the agreement carefully and ask questions if there are things you don’t understand or disagree with. This document will symbolize that the unit or location you choose is final.

Reservation fees are for specific units. And most of the time it’s non-refundable and non-transferrable. Even if it has the same total contract price.

7. Claim copies of your documents with you before you leave.

Make sure you have the following documents before you leave the office.

Official Receipt of the reservation or Acknowledgement Receipt.
Buyer’s copy of the Reservation Agreement
Copies of the Computation Sheets and Term Sheets
Congratulations! You have just reserved your desired unit!
So basically we have just given you what will actually happen during the reservation day. How much time will be spent in this process varies from one developer to the other. That would really depend on their system, however, setting your expectation as to what will happen on that day, will give you an idea of what will transpire and probably schedule your time accordingly. Should there be misses at least you can give a reminder or inform the officer or your real estate agent/broker about it.

If you have the desired property already or you still need to advise on what property to purchase, contact your Filipino Homes Agent/Broker today.

20/04/2024

Tips to Get You in Good Financial Shape to Buy Your Dream Home

Buying a house is mostly a financial responsibility. You need to be in good financial shape to make a purchase with the downpayment and be able to pay the mortgage month in and month out. It is not about good market conditions but more about your personal financial readiness. Here are tips to get you in good financial shape to buy your dream home:

✅ Pay down or pay off your debt
You needs to pay down or totally pay off any existing debt. Buying your dream home most likely get you into one through home loan. You need to be able to pay any existing loan or debt to show that you are will be able to handle the financial responsibility of paying the monthly mortgage. It will also help in your debt-income ratio and most likely will be approved to get a home loan. This is why lending institutions asks for any existing loans (personal, home, car, etc.) and how far along are you.

✅ Maintain a good credit score
Most of the time a bank looks into your credit score. A credit score is a numerical expression that reflects a borrower’s repayment of debt. This can be source through banks, credit card companies, government offices, etc. It shows your ability to pay your financial obligations one time. Make sure you pay your credit card or other loans in time. That way you not only stay on top of your financial obligations but also work on making a good credit score.

✅ Have an emergency fund
Paying off your debt is the first thing to do to achieve that good financial shape. The next thing is saving up for an emergency fund. An emergency fund is 3-6 months worth of your monthly expense. You need to calculate all the necessary expenses you incur every month and multiply that to 3-6 times – that is the amount you need to raise for your emergency fund. Emergency funds is intended for the times you lose your income stream. It gives you 3 to 6 months worth of expenses until you get back on track. That way even when you lose your job, you will still funds to be able to pay your financial obligations like loans, etc.

✅ Calculate what you can afford
You have to be realistic and do the math diligently. Calculate your income and your expenses (including savings) to check if you you can realistically afford to buy the house you want. You do not want to raise the large amount for downpayment but will find a hard time paying off your monthly mortgage.

✅ Speak to a professional
There is no better way to get good property deals than through a real estate broker or agent who knows promos offered by developers. Get in touch with a real estate agent in your area and speak to them about your goals. Let them know the type of property you’re eyeing and how much you can afford. They will let you know if your are in the right track or you need to work on your budget more.

No other best time to start working on a dream but now. Check out the top real estate agents in the Philippines and get some professional real estate advice and direction.

17/04/2024

Renting or buying a property is a crucial decision that can shape your financial future. It's important to take the time to evaluate your options carefully.

If you're considering buying or renting, don't hesitate to message me for assistance! Leuterio Realty specializes in Filipino Homes for property investments. Additionally, if you're looking to rent or have a property you want to rent out, we have Rent.ph to help you every step of the way.

Feel free to contact me via messenger or SMS/WhatsApp at 09153348767

I'm here to guide you in discovering the perfect property investment tailored to your needs!

18/11/2023

5 Reasons Why You Need a Home Office

The COVID-19 pandemic is changing life as we know it. The community quarantine restrictions imposed since last year have forced employees to move into a work-from-home setup. While a home office used to be considered as a luxury home feature in the past, the shift in the way we work requires us to adjust to new ways of working, including having a dedicated quiet space to allow us to work effectively and productively. Here are 5 reasons why you need to set up a home office:

1. Home office encourages productivity.
As we are forced into shifting to remote work, we need to have a proper office setup to encourage us to work effectively and maintain productivity. This means having appropriate desk space, enough power outlets, and office storage to allow us to do our work properly. This also means having a suitable private space for online meetings with colleagues and clients.

2. Your dedicated work area helps with discipline and motivation.
Self-discipline and focus are often tested for employees who choose to work from home. It may sound ideal to be able to work inside the comforts of your own home, but the distractions from children, work, neighbors, friends, and family can be disruptive and get in the way of completing tasks. An environment designed with your productivity in mind can help you with your discipline and motivation to keep on track.

3. You can design your home office into an area that adapts to your needs and personality.
Especially when you are paid based on your output, you need a work area that makes your job easier for you. With your home office, you have the freedom to design your dedicated workspace according to your personal taste and work process.

For example, you may add a coffee corner and snack station if you need constant access to food while working. You may also consider assigning a personal nook for your breaks. There are also office desks and chairs equipped with a treadmill and pedals so you can work out while working.

4. Your home office allows better work-life balance
At this time when we spend our time working at home and spending free time there as well, creating a physical distinction between professional workspace and domestic family space is important. Your home office should be a dedicated space for work during the day, but make sure to be able to close the door once you’re done and spend time with your family at the end of the shift. This is vital in maintaining a healthy work-life balance. A home office can help create physical boundaries within the home, where your office is off-limits to children and pets.

5. A home office can increase the value of your home
The global pandemic has increased the demand for quarantine-friendly homes. This means that if you take advantage of unused space, convert one room into an office, or add one to your home, you increase its resale value should you ever decide to sell up or rent it our later on. Many potential homebuyers will be looking for homes that offer the functionality of a dedicated home office or study space.

24/10/2023

😊JUST A REMINDER TO ALL ‼️‼️
WHY U SHOULD START BUYING OR INVESTING NOW ✨

2018 - problema nimo balay🏡. Naay pre selling Pero mahalan ka or layuan ka. 🏘️🏠🏡
2019 - problema gihapon nimo balay🏠 ang 1m before ng increase na ang value na 2m na.
2021 - problema gihapon nimo balay ang value na 1M from 2018 nag 2m pagka 2019 karon pagka 2023 5M na ang value sa balay 🏘️
Months & years really matter in Real estate investment. 🏠

✔️Here's the Hint:
If you invest in a Pre-selling Stage or under-developed Subdivision; the price is still low! So, we encourage you to Invest early.
After 3-4 years, the Subdivision is fully developed and your house is Ready for Occupancy (RFO).
The current price multiplies its value from Pre-selling. Also you can offer it for resell and you get twice the profit! 🤩
Basin MAGLISOD naka and MAGMAHAY kay dili naka maka-afford ug ang atong EDAD taas napod lisud na mkloan sa bank/pagibig, mao mintras sayo pa pagkuha na.

Invest now.

22/10/2023

LESSON TO LEARN:

"LIFE DOESN'T WAIT YOU TO BE OK SO GET UP EVERY DAY AND KEEP PUSHING THROUGH"

21/10/2023

BARATO NA CONDO AT THE HEART OF CEBU

✅ 20K - Reservation Fee
✅12K monthly amortization
✅ NO SPOT DOWNPAYMENT
✅ HASSLE-FREE RESERVATION PROCESS!

📍 City Clou is located at 0549 Dionisio Jakosalem St, Cebu City, 6000 Cebu, just steps away from Mango Avenue, one of Cebu City's major thoroughfares.

PRIME & ACCESSIBLE LOCATION:
🚩 Near Schools
🚩 Near Malls & Shopping Areas
🚩 Near Hotels & Entertainments
🚩 Near Hospitals

MESSAGE ME NOW‼️

21/10/2023

Beware of the word “Clean Title”.
You can only call it clean title IF:
🟢 Owners that appears in the title of the property are still ALIVE & CAN SIGN documents
🟢 NO disputes attached in the title AND “certified true copy” of the title.
Please take note of the “AND” because not all disputes are printed in the original title itself. Thus, it is very important to request for the latest certified true copy of the title.
🟢 All real estate taxes are paid on time. Always request for latest real estate tax clearance.
🟢The owners are married (on or after 1987) The property is considered conjugal even if only one property owner is in the title. Both should sign sale documents. Should the property owner dies, heirs should file and pay for the estate tax of all the properties.
🟢 The property estate taxes are not yet paid, the property cannot be called “CLEAN”.
🟢Magkaiba po ang real estate tax na binabayaran ninyo annually at ang estate tax (BIR FORM 1801) You only pay estate tax if the owner in the title is already dead. Penalties (like big penalties) apply for late filing.
Public service lang po 🙂. Ang estate tax clearance po is NON-NEGOTIABLE. Kailangan talaga syang e file at bayaran whether you like it or not, pag namatay ang owner na nakalagay sa title

19/10/2023

Why Pre Selling is good?

Many buyers go for the pre-selling option, largely because of its lower introductory price, which can be (more or less) 30% cheaper than a finished unit. ...
If you are a real estate investor, pre-selling condos, lots and houses are promising investments since their market value skyrocket by the time they are finished.

City Clou Condominium

08/08/2024

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20/07/2024

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17/04/2024

18/11/2023

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