Condotel Pros and Cons
Are you considering investing in a condotel unit but need more information on this type of real estate? Is it really a good investment? Today we will be going over the pros and cons of owning a condotel, what the difference is between a condotel and residential condo and who is this investment for.
For inquiries contact me on Viber or Whatsapp at +63 917 851 2752 or email Alex.Zeta@TWRGroup.PH
Alex Zeta
Real Estate Broker, Consultant and Content Creator
Brokers Lic no 0007755
Hi! I'm Alex - I'm a Real Estate Broker, Consultant & Content Creator who started in the real estate industry back in 2011. If you're looking to buy or sell Pre-selling property in VisMin area or real estate in Cagayan de Oro, give me a call so I can help you out.
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Пікірлер: 22
Great presentation. Very clear. Thank you.
@RealEstateAlexZeta
4 ай бұрын
Glad it was helpful!
Well explained, thank you Ms Alex 🙂
@RealEstateAlexZeta
3 ай бұрын
You're welcome 😊
Very informative video, well explained. Thanks 🎉
@RealEstateAlexZeta
Ай бұрын
Glad it was helpful!
What is the resale market look like for condohotels? For instance average days on market for a condo vs condo hotel?
@RealEstateAlexZeta
9 ай бұрын
Hi Stephen, it will depend on the project and its location, how developed the area is, population and number of tourists a city gets. For property consultation, you can reach me at Alex.Zeta@TWRGroup.PH.
tama ba,/ the way i get it. Kahit d nagamit unit mo may share ka pa rin sa whole income of condotel? will the management show owners thee annual accounting of the income of thee year
@RealEstateAlexZeta
3 ай бұрын
Yes thats correct. The management should show a breakdown on the income for the year.
Thank you for being honest.. but imo it's not a good investment.. 62k monthly amortization vs 23k monthly income is not a good deal.. and 8% per annum interest ng utang mo vs 5.6% lang yield mo luge ka talaga..
@aoldornas3090
4 ай бұрын
Steady income ng management.
@sunlyneguray-yt9uu
4 ай бұрын
That's because you haven't paid the whole unit yet. You can feel the actual profit ones you've finished all the loans from banks... 😂
@sunlyneguray-yt9uu
4 ай бұрын
Besides the unit owners are the one's who decides if they will apply for the loan.. so I don't think it's fair to say na lugi ka. When in fact when you get a regular condo no one can even guarantee your income as well. More likely fixed price for 25k Rin Yan per month. Hassle pa since most renters Wala Naman paki s unit mo if ipisin Sila don
@teddybear2840
4 ай бұрын
@@sunlyneguray-yt9uu sure but is it better than other similar investment? With 7-8 million average condotel price in the Philippines its comparable to 6 unit studio apartment. If you want passive income why not invest 62K monthly in REITs instead? No loan interest and they're giving 6-8% annual yeild
Its missing the time of ownership, both lifetimes or specific amount of time?
@RealEstateAlexZeta
3 ай бұрын
Ownership doesn’t have a timeline
What is the percentage of dividing the profit sa condotel with the owner and the management?
@RealEstateAlexZeta
9 ай бұрын
It depends on the condo management. For Citadines its 65% to management, 35% to owner. The mgmt will take care of the opex and management costs.
Can foreigners buy it? I'd like to know the price
@RealEstateAlexZeta
9 ай бұрын
Yes, foreigners can invest in condos or condotels in the PH. please contact at Alex.Zeta@TWRGroup.PH for the updated price list and inventory,
Hotel 101 is more affordable