Dangers of Buying Real Estate | (in the Philippines)
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- čas přidán 22. 08. 2024
- #RealEstateInThePhilippines #AvoidBeingScammed @TheFilipinaPea
Thinking of buying property in the Philippines? Then watch out for invalid listings, bad titles, unregistered agents, contradictory claims, feuding families, and all sorts of real estate problems and pitfalls! Let's talk to a real attorney and see if she can unravel this mess!
Unlike the western world, navigating the real estate swamp in the Philippines requires a professional - and I just happen to have one!
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Dangers of Buying Real Estate (in the Philippines)
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👉My videos and the effort I put into them are 100% free for everyone to enjoy, and all I ask is that you leave a thumbs-up on any videos that you like and subscribe to my channel - I have never, and will never, ask you for anything else. For those of you that still wish to support my channel further, however, I’ve posted my links below. Thanks!
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ok darling
Own the house than give it to your wife . If she dumps you just rent something . She going to take the house any way .
Hi fellow expat don't buy any building, structure or house if you don't own the land. Yes it's a fool's game to let a Filipino or any woman use love to con you. Never mine what pea is saying I am reading between the line. The entire Filipino strategy is gear on exploiting the expat. Don't make a move until their government change the law. In fact expat government should do the same as what their government is doing to expat- no land ownership. To own house/Building and land apply for citizenship and don't use trust and love to govern common sense. If you don't own the land out right don't build or buy the the structure on that land. Yes it's nice to live there but don't get played by feelings . Just enjoy yourself and get out of dodge. Why invest in a third world country that is unfair to expat or looks. If your not Asian your just a mark believe me
I trust filipino law.
Ex fipina wife bought 80% of our land
Me..foreigner ; i put 20% money on it ( i also put my name on title as the foreigner husband)
AFTER 5 years and DIVORCING IN CANADA..FILIPINA LAWYER in iloilo office TOLD MY EX FILIPINA WIFE and me THAT SHE SHOULD BUY ME OUT of title paying me my 50% marital rights. Otherwise with my name on title...she would never be able to sale without my permission...or my white kids fro. White ex could claim in future.
if you do thing right...you can claim your 50%....pea and lawyer are 100% givin good advice.
Just be smart guys...do everything with lawyer..but most important..marry UNICORNS.
A FILIPINA UNICORN...YOU WILL FIND IN SMALLEST PROVINCE TOWNS. NO DRINKING: PARTY BARCADA...FAMILY ORIENTED..
After five years
Hey pls get a job or and a proper business
Just RENT a nice furnished house or apartment and if things go south - just walk away - it's so simple - Another Great Video from a Smart Woman
Or, if you've been married for a long time (15 - 20 years) and are in a loving relationship and are going to build a place to retire AND you didn't marry a woman half your age who would be a huge prize if she owns land and every guy will be trying to win her heart, AND you have made this a joint vision for both of you, then it's safe if she comes from good family and is a good person where divorce or even separation is not acceptable except for cases of abuse.
My wife and I are doing that, already have the property and are building the home in a couple years. We live is the US and she makes a pretty good salary so it's been a joint thing for us and have been planning it for about 5 years now. About 3 acres (a little more than a hectare) with agriculture so it's revenue for her family. We have our own streams of money and don't want to make money in the Philippines which could then become a tangled mess with taxes. A big house, which includes her family living there. Keeps the expenses low, allows us to travel, I'm not worried about the property because her family is going to inherit it anyway, but house will be in my name so if something happens to her, I'll have the right to be in the house until I pass, and it was my wife who told me to do it that way (without mentioning negative sides that could happen because that's not the Filipino way in conversation).
For the person who goes there to spend many years and wants to meet a person while there, you're 100%. I wouldn't do it any other way, and don't have a live in because they can take half your revenue streams. Not saying they will, but they can. And you can't get a pre-nup unless you marry.
Good idea. I one time stayed a month and half. And lived homeless on rohas Blvd for a couple weeks to save money. If I was really homeless, I'd rather be in ph
I've learned a lot here
Foreigners. BEWARE
To much red tape for foreigners. Just lease or rent. I’d rent. You can always move.
Due diligence is needed on buying the land AND protecting agsinst the pinays future possible hostile actions . " Yeah ,thats often the case" pinay laywer . 🤪
@@boracay12 ....NO.....they give you head ache...better not to involve with any filipina woman ...and forget buying any property....
There are ways to buy and not lose everything read my posts. Use a lawfirm and corps. Put the house and improvements in your personal name 100%. Prenups and postnups. Don't be dumb! Do your due diligence and protect your investments and assets.
Hi Pea, some of my comments concerning on building a house, here. I decided to build a new house, because I wanted to know what I was starting with. We bought 2 lots out of a large group of lots. We created a 600 sqm lot, and built a 200 sqm house. The first thing was, we went to a lawyer. The first thing she found out was, the owner of the large section of land owned back taxes. Here in the rural land the property doesn’t have what we in the US normally think of as a, “Title Document”. What we get is called a, “Tax Declaration”. It does the same thing. The lawyer had to go to court and make sure the property owner paid his back taxes so we could take legal control of the lots. When that was taken care of, the property was put in Kris’s name. I signed a 25 year lease with an automatic 25 year extension. The lease states that I paid Kris $10k for the lease. The lawyer told me the $10k statement would satisfy my requirement for my SRRV. She had processed other SRRVs and I would not need to make a bank deposit, before I bought the property lease. The PRA told me that I still had to make the $10k bank deposit. Once, I did that, I could take the money out of the bank and buy the lease, I had already purchased it. Two alternatives were to marry with Kris or keep getting 3 year extensions to my Visitor’s Visa. The SRRV typically for me would cost the $10k deposit plus $360 each year. What changed the picture was when The PRA happened to ask me if I was retired from the military. I just thought I would cover all bases. I mentioned that I had not been in the Philippine Military, so probably would not quality for any advantages. My first time to the Philippines, (1975), was when I was in the US Air Force. I spent a night over in Clark AFB outside Manila, on my way back from, half a year in Northern Thailand near Udon at Udorn RTAFB. PRA said my US service qualified me for only needing to deposit $1,500 to the bank and only $5 per year to extend my SRRV. So that changed the picture. If you are hoping to get a SRRV here, and you have been in the US military. Make sure you mention that, you can save a lot of money on your SRRV. I am not a medical doctor, but I play one on the TV. I think I had a microvascular ischemic, about a week ago. It kind of makes a challenge for me to write. Sorry for being so verbose. One more thing for me to mention. One of the things that I bought, maybe 4 or 5 years ago, was an electrical generator. Typhoon Odette came right over Dalaguete. This part of Cebu was without electricity for about 3 weeks. We became a, “Charging Station”, for a long way around. At first, we had to travel to Dumaguete to get gasoline and the ATM machine. That generator supplied us with our gasoline, electricity and food. We even had some PNP Officers come to our house to charge their phones. We also sold barbecue and soda to our customers who were waiting for their things to charge.
Thanks, Ken! I’m sure your info will be helpful to many who read it 👍👍👍❤️
....as a foreigner you do not own anything. Word of advice, just rent.
Best advice ever, No need to own.
Been there done that, lost a house and lot, foreigners don't buy the property it is not yours, one day she'll get rid of you, just rent period.
I agree. Plus, if you rent it's easy to just pick up and move somewhere else. Or even better - find a partner who already owns their own home!
I can only agree and advice any foreigner to rent - it has so many advantages over buying, it's cheaper in the long run if you get into troubles with your Filipina, and you have the freedom to move around the country at any time...
True. You hit the nail right on head.
Great topic and a ton of useful information! Honestly I feel that a foreigner needs to understand that any land, property, bank accounts and any purchases that he has made “in a foreign country” are at risk and obviously not protected to his advantage. He can do his prenup and hire lawyers and take every precaution possible but he is still at a disadvantage and should be aware that he could and might loose it all. My point is, he should keep his assets in his own country and only risk what he is prepared to loose.
I agree with you, avoid the unnecessary bs and just transfer what you need when in another country and keep your principal assets in your native country. Just rent and don’t invest.
Pea this video is the clearest explanation of real estate in the Philippines I have heard yet. The lawyer is quite clear and concise. Again Pea fantastic content. Thanks again.
Just Google who can own land in the filipines. Don't buy land or building there or any structure. Don't even buy a condo there you don't really own it you own a time slot and just for a limited amount whast a big scam
Don't listen to pea she is only stating obvious point any fool should know the game is to con you in by giving you a lure or a bait. Listen to me and just enjoy the moment and don't expect any claim to any thing in the filipines your just a means to a end for them.
As an American I would never buy a house or lease in any foreign country because you are at the mercy of that government and whatever changes they might happen to make. Personally I believe this law in the Philippines against foreign ownership protects the Philippines. If I were to take up residency in Philippines I would rent even though I have never rented in my life I have always owned. Good information. Think when you are considering living in another country and always be prepared for relationships to fail even if your relationship seems so perfect.
Very good advise
Very good advice.
You need to have a plan B all the time in life espacially if you live in a foreign country
The problem with all these comments here is that it mostly comes from foreigners who are with young, dependent Filipinas. I am a university graduate Filipina married to an American and currently living here in rural Missouri. Together we bought a 16 acre farm. I am gainfully employed here in the US as an assistant to the president of an investment firm. Before I met my husband, I have had an active career in Manila and even then, was financially independent. I have two boys that I raised that to this day, has never needed money from my husband. We are planning to retire in the Philippines and indeed, buy a good-sized land and build our forever home.
The key to this wonderful life is to find a woman that is your equal and do not need you to survive even on her own. I understand that even here in the USA, there are white women who marry men because of that. So, anywhere you go in the world, the point of living life fully and wonderfully and happily is to find your equal. Use your head (upper) and your heart at the same time, and not one over the other. Mabuhay po kayo!
Best of luck but it's not the real story for most western men . We all know it's about the money and the opportunity cost. If you doubt me then remove the money and see
Just think if the same rules applied in Missouri as in the Philippines. Even though you are married to an American living in Missouri and he passed away you wouldn’t own it. Tit for tat !
These comments are from the male perspective. Yours is not. If you decided to leave him, your husband is screwed.
What do you mean that in America there are WHITE women that do that??? Are you under the false assumption that black women in America do not do it as well? Why single out white women?
when i am in bed that is my upper
This has to be, the best vlog on the Philippines I’ve ever watched. So much great information. The two of you, are not only intelligent and educated but, beautiful too.
Awww thanks Victor!!!
Translation: Don’t buy any property in the Philippines. And also, don’t buy property for your filipina.
Rick Tha Ruler thats some BS my wife owns lots of property and im even on the deed to the house sorry u had bad experience but there are good woman that wont screw you
Just avoid filipina women and and do not stay more than a week and keep traveling the world....
@@jonlautenschlaeger3348 are u filipino? is that a condo or house that your deed is?
Jon Lautenschlaeger Don’t count the chicks before they hatch
If you have the money, buy her a castle. Geeez guys hehehe
Philippine Pea, now that is a. D... Shame . !!!!! however so many things are hard now days. You are so valuable to us all and that is a rare thing. Thank you 👍🏼👍🏼👍🏼
Yes she sure is...one reason I'm helping her on Patreon to keep her valuable channel going strong, she's one in million vlogger
That lawyer is gorgeous. 😍
Add married.
Both are gorgeous
@@stevenalansmith2791 and married. Shhh
That lawyer appears to be in highschool.
Every man or woman who is thinking about purchasing a house (or any other property) outside of his or her own country should seek out a competent attorney. The money spent on attorney fees will save you money and a lot of future heartaches. It would be interesting to see a similar video on the potential pitfalls of renting a house or apartment in the Philippines. Thanks Filipina Pea!
Gracie knows of what she speaks. Especially in regards to squatters. My filipina wife’s aunt had squatters on a coconut farm inherited from her ancestors. They had been farming the land for 25 years and felt entitled to it, even though they were paid by the aunt to farm it. A Philippine court sided with the squatters and they are still on the land to this day.
Damn! That just seems wrong to me
It is wrong
@@georgehovey9299 WHAT?? Thats LEGAL??? DAMN!!! Thanks for the tip but just in case cant you just drive or bribe them out?
Theoretically, one could simply pay a sum of money to a group of local men to "encourage" the squatters to leave expeditiously.
《wink wink》 😉
Not that I would do such a thing... nor should you.
Yep. I’ve seen this happen in Venezuela, Africa couple of countries , and Middle East. The people I knew in Middle East got them off the property but from what I was told weapons were involved.
Love the Filipina Pea! So smart, English is spot on and so beautiful.
The attorney’s english was excellent too.
Hmmm beauty is only skin deep!
Arguably your most important video to date.
Do your due diligence and invest in some pre planning and lawyers fees upfront to save possible major headaches or worse down the road.
Well done Pea, you really do lookout for the foreigner and his package. Thank you both.
I really only care about the package - the foreigner is just attached to it
Hahahahaha J/K
PRO TIPS: Don't get married just live together and always RENT, keep your assets ie: an owned property or properties in your Western country rented out to tenants or family members, keep your financial wealth in a Western bank account, and NEVER bring a Filipina and your children back to the West. NO EXCEPTION. If you stay in the Philippines you can be in charge and be the provider, if you bring her to the West she has all of the power and you're at the mercy of the government which ALWAYS FAVOURS WOMEN. YOU HAVE BEEN WARNED. Stay safe brothers & protect yourself AT ALL TIMES. Enjoy the Philippines, it's AWESOME. :)
Its now safe to have money in a Philippine bank. as the international banking laws changed. At present, I do both. My main account here is in my name only. I also have a shared account with my wife. I transfer our cost of living needs each month. Every thing else I agree on. My money is insured for loss.
Your talking nothing but the truth - well spoken. So many men are thinking with the small head than the big head. One think the only time to buy real estate there in the filipines is when the government change the rules and laws to allow expat to own land. The entire process of allowing native Filipino the right to legally steal your property is pathetic and western countries should do the same to them
@@bobkeyperkins4486 the filipines government wants a larger deposit than they are guaranteeing you deposit for which I consider criminal
Guarantee
@@bobkeyperkins4486 not at all bpi guarantee only 100K
This wouldn't have worked with my ex owning the land and me owning the house. The psycho would have simply rented a bulldozer and pushed MY house off of HER land. Even if I was in it at the time.
😂
Very smart thinking why build a structure on something you don't own. In fact she can have you out of the country in a new York second then move her friends and family in and nothing you can do. Yes the police and government will assist her too
Anthony Broomfield Some guys decided to be generous. There is no divorce in the Philippines. But in the west, it exist and woman get half all the time.
That was what I was thinking. it is hard to get justice through the court if your spouse wrecks or render's the building uninhabitable.
Sounds like Somebody was cheatin’ on a Filipina…. 🤣😂
x-pacs should seek unbiased expert legal advise befor making any property investments in any other country. Never "invest" with or for a girlfriend anywhere.
Even a pinay wife. Trust me, I know.
Love your CZcams channel. Very impressed. Your intelligence, honesty and your willingness to look after the expat gives me hope... You are doing great work and will be greatly rewarded in time. Still smiling!
These two girls are giving top class information with regard to land and house purchase by foreigners
Okay...so now that I have seen the whole video my brain has melted. Great information, but a lot to digest! Thank you for putting so much time and energy into this.
Only dats a Filipina. Live with a filipina for only 6 months or less. Never call her your 'wife'. Never let her use your last name. Never get her pregnant. Never buy her land as an investment or gift. Only lease land from the original land ownwr whos name is on the deed and only build a simple nipa style or A frame house. Or buy a Condo at 25 yr term. If you die its abandoned and the courts will give it back to the original owner. Or put it in a trust if its paid off and designate a RealEstate Agency to rent manage it for the profits to your estate.
You also keep her in chains in the basement? You are a really charming guy.
I've developed mental Trust in this two Ladies. I will definitly use her Legal Services as soon as I need them.
Excellent advices. And if you are a foreigner in Thailand most of what the lawyer said in this video is similar in Thailand. Thanks.
The lawyer is so cool. I love her accent, very clear and she looks very young.
Ppl in the Philippines all look you truth I've seen weman in there 60s look 30 i meant a lady who was a friend to my friends was in her 30s i though she was 18 truth
Ms pea is cute too
Im just going to hike high in the mountains and pick out a place in the jungle. And build a bamboo house. And no one's going to know I'm there.
They sure have pretty attorneys in the Philippines! ;-) That being said, I wouldn't recommend anybody to buy property in the Philippines (been there, done that) for 3 reasons:
1 - You can never really own it and constructions to protect your rights are expensive and complicated (as clearly explained in this video).
2 - Every once in a while, the Philippines gets hit by a natural disaster. If you build or buy a house and it gets destroyed by a flashflood, landslide, earthquake or super typhoon, you will have lost everything. If you are renting, you just move on to the next rental.
3 - The Philippines consist of 7641 islands. Do you really want to be stuck on one of them, just because you happen to have property there? After a few years you may have seen it all and prefer to move to another island.
Very wise advise. The best advise I read so far. It's a con game by the Filipino government to deny expat the right to land ownership while Filipino come abroad and own or buy our land.
You nailed it....
Homebase Belgium exactly..to many natural disasters and your home go bye with wife..always rent and never marry in the Philippines unless it’s true love..hard to find these days...
Dude your old enough to be their greatpa.
@@anthonybroomfield5162 "our land?" Of which native American tribal affiliation are you? Can you blame Phillipinos for their land ownership restrictiction on foreigners?
I’ve been scammed in philippines buying a house and lot, BIR is the worst and people can move in before you receive a payment. Strange and corrupt.
I should have married that lawyer, good head on her shoulders
The lawyer is also part of the con. No expat is allowed to own land in the filipines and our government should return the favour- no asian should be allowed to own expat land unless they are citizen. Let's see how they like it when expat government even the playing field
Hey the lawyer is part of the problem. She feed you just enough to fish you in. I am like a native new Yorker you can't pull the wool over my head. Hey you can't even trust the system and official it's all corruption and scam. For new comer expat your only reasonable way to own land is to become a duel citizen which this lawyer doesn't mention anything else is a gamble to rip you off
Great job once again Pea. I really am enjoying your talks with this very knowledgeable lawyer. So many people rely on handwritten worthless contracts that are not notarized and not drawn up by a professional lawyer who is on YOUR side.
Us Westerners do not understand how important a house is to a poor women in an under developed country. It is not limited to the Philippines, but to most women in developing countries. We believe that buying them a house will result in an outburst of appreciation, when in reality there is good chance that you get the boot. This is properly more true when there is a large age gap. If you love your girl rent an apartment, stay single, make sure to have life insurance policy to take care of your girl who has taken care of you if you pass first.
The problem with a life insurance policy is that you may find yourself getting offed prematurely by your girl or her family. It's better to offer motivation that keeps you alive, such as monthly contributions to your girls bank account while you are alive and well. The longer you live, the more she'll get for a house.
I agree except for the part about the life insurance policy. I'd rather give them an incentive to keep me alive, than want me dead.
Good advice
A friend got a bullet in the head from his GF family ..... but lived. They hired a hit an who was conveniently killed in a police shootout so the family never paid for the crime (no hit man to testify against them) but kicked him out and stole everything he owned whilst he was in hospital....... I think the bullet lodged in his skull affected him mentally (they could not safely remove it)
A spouse can not lease land to her husband under "Article 1490" under the civil code of the Philippines a husband or wife cannot lease or sell to the other in order to get around the land ownership laws. This is also reinforced under1646 of the new civil code of the Philippines.
Art. 1490. The husband and the wife cannot sell property to each other, except:
(1) When a separation of property was agreed upon in the marriage settlements; or
(2) When there has been a judicial separation or property under Article 191. (1458a)
One word! PRENUP!
Wow. This is amazing information. I sell real estate in America and I've never heard of this.
Many of the situations described could also happen in the USA, although not as common perhaps. Given that you cannot control what gets built around you, or who your neighbors may turn out to be, or needs will frequently change over the years, as already advised, just rent.
Love Gracey's 'hmm hmm!' after making a point! So so cute yet her insights are so so smart all rolled up into one!
Listen to the words on owning land in the Philippines 🇵🇭 foreigners because so many get angry and say that they can own land which is not true and they get so upset when told that they are dreaming. I wouldn’t buy land based on the attorney statement. 🙏🇺🇸
Solution: Just rent the property that you live in, in the Philippines. Own the property you don't live in back in the west & rent it out. Also have a cohabitation agreement to protect your assets from resource redistribution.
Also this issue of property is so prevalent that the U.S. Navy is aware of these issues. Whenever a military person that is married to pinay dies, the us military investigate the death.
KC ...I’ve been out for about 40 years, will they still cover me 😁🇺🇸
If the Philippine government would allow foreigner to own properties. It would definitely skyrocket the real estate valuation. It is not good for the local, since foreigners can leverage the foreign currency against pesos to purchase a property.
I am a foreigner and I 100% agree with you.
It would also raise the house prices to level where it's getting even more unaffordable for locals. I don't think its in general good to allow foreigners buy land. But they should have a loophole for small properties for foreign spouses.
Yeah, this happens in the west as well. I have visited Vancouver and many foreigners especially Chinese buy real estate, and it has driven up the price that even local Canadians cannot afford to live in their city. I imagine this drives prices up in California and New York as well.
Everything you build or buy belongs to your Filipina wife. UNDERSTAND THIS!!!! So how is your relationship? It works for me ( married with 3 children living in Philippines 10+ years ) because our relationship is true and time tested. She is the car and i am the gas. We are no good without each other so we cant break up To do so would be economic suicide
Just like Vancouver Canada, where Chinese are pushing the cost of crack shacks to $1000000+ at the lowest.
Till divorce do us part....lesson is hire an attorney without the other half involved, not an attorney your other half recommends! Good to have clarity and clear up the misinformation. Great stuff Pea and Gracie👍🏽🤔😎
Yes hire a lawyer but before you sign have your own country lawyer look it over or get your own lawyer from your country involve. Most Filipino lawyers are corrupted
@@anthonybroomfield5162 - don't forget that many or most judges are corrupt, lazy and/or stupid also. Often not smart enough to comprehend the subject matter and too lazy to educate themselves. Easier for them to pretend they are a solid authority on the law before lay persons who assume a judge is diligent, learned and competent.
The term is, until death do us part. And that could easily be arranged. Stay more valuable alive than dead.
Michael Robert ...have you seen how the laws are written? They are in English and nobody perfectly understands English here. They are really left open to interpretation by the judge.
To hell with lawyers dont get involve dont buy anything you cant own . Why buy a house or structure if you dont own the land. Why even invest in a country that have a policy design to exploit expat in favour of their citizen. It's like using sex to exploit men . It's the lowest form of a con game and their government support it 100 percent.
Foreigners should Rent Only ...
and also do not get involve with filipina woman
Not even rent just move around
But rent only for sure
I wish I’d know this a year ago, but better late than never, there’s always next time😀thank you so much Pea 🙏
Thanks Mike! Yup, it’s a very complicated process here (just like everything else)
@@TheFilipinaPea it's not complicated at all it's a scam by the Filipino government lending the opportunity rip off or control the expat. Look here the expat put down 100 percent and yet the Filipino own 100 percent in their name while the expat only own 40 percent of his own money if she even allow for that . It's clear and obvious the expat government need to do the same
Since expat can't own Filipino land then Filipino shouldn't be allowed to own expat land abroad and see how they like that- let's even the playing field
So I guess I will address the elephant in room: She's almost at 10,000 subscribers and her first video was uploaded in early May of this year and her content so far has been informative, with parts humor and realistic. There are channels that are started by girlfriends and wives there, that lack effort and creativity and they are riding on the strength of the partners channel or how good their outfits and make up looks behind the camera 🤦🤦🤦
Thanks Cory!!! 10,00 SOON (I hope)
Cory - I was thinking the same thing. She is leaps and bounds ahead of the expat girl friend bloggers, she is leaps and bounds ahead of most of the expat bloggers as well.
She’s kinda cute too
She is worth listening too. She’s not worried about fixing her hair or makeup in camera. She is a beautiful lady . I enjoy watching your videos. You do a great job . Keep going girl. 🌹
@@TheFilipinaPea -yes Pea. 10.4 k subscribers as of July 4th. No stopping you now. I think we can call you the darling of the expats.
Wow...two very beautiful and highly intelligent women!! Amazing at the level of the discussion here! Great video and topic 👍
We’ve totally done the opposite in PH. Pinay married to American going 18 yrs and counting. Both of us worked so hard in the US. Bought a beachlot and built our home in Samal. It’s a dream of ours fulfilled!
Wow! Totally informative. Totally useful and to the point. I learned a lot . Good job to you Pea and the attorney. Thanks again for having the foreigner's back. A lot we should all be doing our homework on. 5 stars and 2 thumbs up like always. Golden. Appreciate you.
Complicated enough to where you just don’t buy there. Thank you for the information
That's the. Very reason I didn't buy land in the Philippines because I wouldn't be the owner, but if your a Filipino in America you can buy land and home.
Hope this changes for Americans, but it may never change.
Yes that is what I do not like.They can buy property abroad but you cannot buy and own in the Philippines.
Maybe it's time our government deny Filipino the right to buy or own land abroad just like what they do to expat
If you buy land or house in the U.S, you don't own it. After you buy and paid off the property, you still have to pay taxes in perpetually. If you don't pay tax, the Government can take the property from you. In theory, you don't own anything.
what most dont get is they have to have these laws or they would be south china by now, like most of Vancouver is Chinese owned
You guys really work together as a great team..great video with great content!
Great video. Foreigners beware. There are several channels on CZcams created by foreigners who buy their wives or girlfriends land and don’t appreciate what will happen if the relationship falls apart. I also see other channels where a foreigner claims he “bought” land and is obviously lying when in fact they have leased land. And congrats to you Miss Pea. 10k subs already.
I'm not doing anything in the Philippines without that Lawyer, she's really sharp.
I wished I knew this 16 years ago, the lawyers only tell you after you paid for the house in full that you do not own the house.
Interesting topic sweet pea ,I have a friend who rented a house 1 yr lease and my friend loves the house so he decided to put in new tile floors,ceiling fans in every room, painted rooms to his liking ,and did alot of landscaping planted many fruit trees.He really created A Shangri-la for him self ! BUT here is the bad news after the 1yr lease was up the home owner would not renew the lease ! The police came with the owner to Evict my friend so he was given 1day to get out then the owner moved right into Shangri-la 😧....renter beware my friend lost alot of $...
That's not a Philippine problem, that's a stupidity problem with your friend. That same thing could have happened in the USA or Germany or France or the UK. It is perfectly legal for a property owner to decide not to renew the lease after it has expired. Your friend should have written a new long term lease with the property owner before investing in all the upgrades. Verbal contracts in these situations are worthless.
Hi Miss Pea, this video is no surprise to me. My best advice for a foreigner is to just rent and do not get married. You cannot fight the system that was set up to fail you as a foreigner … lol … Other Asian country’s around the Philippines do invite foreigners to invest and own a little piece of paradise in their country. The Philippines are still living in the old-world system, still using pencil to paper receipts just about everywhere you go and they can’t live without a calculator. Please don't take this wrong because I love the Philippines, I have a life time of friendships there ... 😁😁😁
and Philippines last country in the world that still has no Divorce.
Filipina Pea,
You dress so captivating color blue makes you look so vibrant.
I actually had to watch the video several times to pay attention to the content.
Great info!
Hahahahaha
Well thanks, Eddie!
Regardless of how the house ownership is named in the documents with the foreigner, if something goes south that house is hers too. No question
Your right but may I add even if things don't go south your assets are also hers and your really at her mercy. Your only justice in the filipines as a expat is personal justice if you know what I mean and not to expect anything . My advise to all expat is to enjoy the moment and cross your fingers bc your really never never never safe . Expat don't know that their Filipino government is all bias against any expat and their policies is all set up to defraud the expat so why even get involve in their bull shit. Again just enjoy the moment and move on.
Pea, my advice for buying real estate in the Philippines would be the same as my advice for marrying a filipina. Take it really really slow, don't go by emotion alone,and do a lot of research before making the commitment.Have a good day -John Richard Wray
Pea,another great interview,it’s easy to understand why you have nearly 10,000 subscribers 😀...
I have said it before ,you are the best 😊😊...
Both of you are a outstanding combination. It’s incredible how you both mash up together. I really hope that you both continue to create videos together. Thank You for all your content.
Good comment, I'll second that.
Very smart Vlog. A lot of foreigners should become aware of these questions/issues before retirement in the philipeans. Thankyou for the help
Thank you so much for this info.. i've always thought about retiring someday in the Philippines.. now i know what to look for and what to be aware of when it comes to property
What you should look for is a good lawyer.
When you retire in the filipines remember your only pumping your hard work in their country who dont support you. Your supporting their economy who won't do anything for you. When your done they will take your asset live or dead it's up to you if you think you know their mentality. Believe me you don't know their mentality. If you need one pesos only have one pesos don't keep your foreign money in their country unless if you don't mind losing it
All these warnings ALL OVER the internet and STILL weak men buy property in their gfs name. You cannot help weak men, they are by default so easy to scam....
Hey your very wise not too many men think with the big head they use the small head.
one vlogger guy (paul old dog) has a good viewpoint. he calls them "volunteers" not "victims" because they are so willing to dish out money
Thank you very much for the informative video, Pea. We have squatter's rights in the USA to guard against the owners ignoring their land. A person can take ownership of someone else's land if they occupy or use the land over a 10-20 year period, depending on the state. The government can also condemn the property and/or take ownership via eminent domain. I respect the Philippines for guarding their land. Keep up the great work, Pea.
WOW, that lady Gracy, you interviewed here is probably the most attractive lawyer I have
ever seen. Plus she is smart and very eloquent, what a combination. She is also very
knowledgeable and competent in real estate law. Being a Realtor myself I really
admire that. I am also impressed by the way you interviewed her and the very good
and relevant questions you asked. Well done Pea !!!
Listening to the laws when it comes to properties in any foreign country is very interesting.
That happened to me. Now her family lives in the house i paid 100% while she is now working in Hong Kong. Totally unfair!
This is very valuable content! Here you're at your best, Pea.
Uh oh so close to 10 k ms pea another insightful video keep up the great content much love from TEXAS
Sooooooo close!!
Sorry to say, but even with all the prep work, honest lawyer, and all the right paperwork it is still a legal minefield to buy real estate in the Phils. In my personal experience, it all comes down to what kind of judge you end up with when the 'excrement hit the aircon'
In a legal action, you can be 100% right and lose, or 100% wrong and win, or anything in between. Not for the feint of heart. You have to be ready to fight for your rights if required, and ha e the funds for legal fees for those tasks you are unable to do for yourself.
Your correct bc the system is corrupt
@@carvercapitalequitypartner122 don't fight in asia legally just walk away their system is corrupt in their favour even your death. Look here where in the world do you see young woman with great grand father for a lover- it's all about money for them. Although many women go for money but this is a total different level. Don't be con by sex. Make it your way or the highway my brothers
Hello 👋, having watched a lot of video blogs the last 5+ years, this video is the best detailed one on this subject concerning real estate and and a bit on relationship complications. It's always been a concern for me in making a decision to move the the Philippines 🇵🇭. Job well done and I would like to see more talking about various lawyer subjects.
Thanks so much, Lee!
I hope that you will hit 20k subscribers soon. It's nice to get a realistic view of living in the Philippines
Some great advice, Pea. Too many foreigners are not thinking of the problems that could happen. Those are the guys who usually get screwed.
Wow ! That was possibly the best video I’ve ever seen on the philipinnes . I had a fair idea already but it was a big help . Can’t wait until I retire in your amazing country 😃
Can’t wait to have you here, David!
Great Information Pea... So far you've helped me navigate the Philippine waters.
Hope to speak to you in peron soon Gracie. Thank you Pea for more excellent advice and another trustworthy and professional contact.
You are so smart to keep searching this and sharing. God Bless
Who thinks that PI Pea is hot, sweet, intelligent, beautiful, level-headed and generally awesome, like I do?
Hahahahaha
That’s sweet of you!!
I think she's a devil. 🤣😂✌🤙
Thats why I would never marry a filipina. 😂👍🏻👌
@@decem_unosquattro9538 - What do you mean?
My Dear, you provide no-nonsense spot-on advice. I have been watching your channel for just a short time and I like the experts you provide to explain how things work.
Superb video and advice! Great channel!
These conditions exist even in the USA. I lived in a southern state and down there, farmers that had too much land(yes, there were farmers who'd lose 2000 acre lots that they planted cotton on, and forgot where they were, too much land) and they'd turn them into "squatter farms". Basically, people could buy leases on the land for 20, 40 or 50 years. Now, this is going back about 30 years ago, but my family down there say it still is happening, just not as much these days. And basically, they could, for the duration of their lease, build on that land or do picnics on it or whatever they want on it as if it was there's, but they never had a title to the land. Only a lease. So even before my first trip to the Philippines and witnessing the many "squatter villages" here, I was already familiar with squatter communities.
What I am waiting to see are the single unit condos, townhouse condos and duplex condos to start being built. These are popular in the south. There are a lot of them in Branson, Missouri. So instead of needing to move into a tower condo, you can get a condo that is in a format with less neighbors to worry about being pains in the butt.
It's probably smart policy to not allow foreigners to buy land in the Philippines, because it keeps foreign entities from taking over entire provinces for development. It would be nice at some point down the road, though, if expats who intend to establish permanent residency could either buy 'X' amount of acreage like former Filipinos who move back after living abroad, or enter a contract for nationally leased land long term and own a home like in Hawaii.
I'd be all in for a system that required a minimum of ten years leasing, and proof of both sufficient savings to keep the property from going into default, and applying for permanent resident status in order to own property in the Philippines, if it ever becomes an option. It's probably just a fantasy to ever think that will happen, but I still have ten or twelve years before I need to finalize retirement plans. Maybe things will change down the road. ¯\_(ツ)_/¯
Check with the bia
I think it's called DOLE retirement.
Anyway there's retirement visa for the Philippines where you have to put down a big wad of cash.
Philippine Retirement Authority
SRRV is the Special Resident Retiree’s Visa that is issued by the Philippines Bureau of Immigration under the retirement program of the Philippine Retirement Authority (PRA). It gives the holder the privilege to multiple entries to the Philippines and the right to permanently reside in the country.
As an agency of the Philippines Department of Tourism, the main goal of the PRA is to attract foreign nationals and former Filipino citizens to invest, live, and retire in the country as a means of advancing the socio-economic development of the Philippines and increasing the country’s foreign currency reserve.
They mean to do all this by offering “retirees” the best quality of life in an attractive retirement/investment package. And, if you think you’re not old enough to retire in the Philippines, think again. The Philippines retiree’s visa is one of the easiest to get, with one of the lowest age requirements in the world - just 35!
You don't want investers, and developers buying up land, but if you retire there, and plan to stay there and not flip houses for profit I wish they would come up with something. Not going to hold my breath however.
I think it would be a good idea for foreigners to be able to buy and own land in the Philippines especially if you are married to a filipina.
The Philippines land mass is equal to the state of arizona . Its a good thing only citezens can own land .
If not Philippines would not be the Philippines. Its bad enough with swedish and Germans married to pinays
Grossly over paying for lots thinking it was a great deal .when actually they got ripped of badly . Then the prices sky rocket . They then in turn try to sell a house worth 60,000 for 300,000 to recoup their over cost purchase .
THANK YOU FOR ANOTHER VIDEO PEA. You are hitting on great topics.
When I visit Philippines, my favorite hotel is THE GRAND OPERA in Santa Cruz Manila.
But my favorite CONDOTELL is in Quezon City near Trinoma Mall - the GRASS RESIDENCE.
When I stayed there last July, it cost me $15 per DAY to rent a one bedroom out of the Grass Residence. It had 2 bedrooms and multibedrooms, but I only needed one. The living space was small, but the amenities were UNBEATABLE for $15 a day. 6 large pools, basketball court, gym, etc - and very close to 3 malls.
If I ever would retire there and was pulling in $1000 a month of spending money ($500 for rent and $500 for expenditures) I know I'd be comfortable there but I also know as a foreigner we can't buy anything there and own property. Considering what you can get for $500 a month, that's all I'd need.
Very informative video Pea! I am sure this will help a lot of people looking at making a home in the Philippines! Salamat!
Wow that was a really good and informative video . really havent seen anything else on YT that compares to it very well done and when Gracies husband see s the ending i think his first thought is going to be HOLY SHIT HAHAHAHAHA
haha...Gracies way too smart, he'll never know besides he trust his wife...lol
He’ll be checking his paperwork real quick! (and hiding it)
As a filipina i suggest you that Dont buy a house or invest in the Philippines dont buy a property for you Filipina. Know Her better until you think she deserves it. Dont be fool!!!
Very clear and understandable! Thank you both very much!!
Great topic Pea, and wonderful ending!
Hey pea my beautiful friend, great insight and information on how the real estate market and laws work, and what options that a foreigner has. I am looking to purchase a home when I move to the Philippines. Once again pea, you are truly right on target as usual. You are truly a rock star 😊😊😊
Don't buy shit there. All it takes is a natural disaster and you lost everything you don't own the fucking land fool
A foreigner would be a fool to build a house on land he cannot own unless he has a minimum 40 year lease. But better get an attorney to draw up the contract. Renting a house is by far the smartest thing to do as when things go south (and they eventually will) he can pack up and get out of dodge quickly and not lose anything but his time which he won't ever get back. TRUST has nothing to do with being Smart. Great info from the attorney here and good info as most land in the philipines does not have clear titles and many liens against it. Better a foreigner to hire this attorney if he's dead set on building on his gf or wife's land. PROMISES ARE MADE TO BE BROKEN THEY SAY..and they do.
Note to anyone traveling to PI: the Western (well, American, not sure about other western countries) the "uh-uh" sound which mean's "no" actually means "yes" in PI. Pea's guest does this a lot, as well as demonstrates other charming characteristics of the Phil speech.
Yes, it’s completely backwards 😊
I originally had considered retiring to Thailand. After watching your videos I am consider The Philippines. Hopefully travel restrictions will ease and I can visit this year. Any information about travel restrictions in the Philippines would be great.
So you can have a lease for 25 years and just keep getting extensions This is very good information thank you for sharing this
It is my understanding the lease can be renewed one time, for another 25 years. State that it is renewable at your discretion under the same terms and conditions in 25 years and make sure you give written notice ahead of time, at least 90 to 180 days, that you will renew it. Make sure you state in the lease the property cannot be sold during the lease, or if it is sold with your written authorization, the lease remains in effect under the same terms and conditions. Additionally, make sure it is assignable and transferable for you. Are you going to be around longer than 50 years? Most likely not so who cares after 50 years. But the improvements can always be in your name so the house cannot be sold out from under you as long as you keep the original documents secure. Make sure you keep all these documents in a secure location away from everyone including your family. CYA! Do NOT trust anyone else! Have your own personal lawyer that no one in your family knows. You want to make sure they are acting in your best interest.
If you are giving someone the money to buy the land and lease it back to you then make sure your name is also on the bill of sale for the purchase of the land, that requires the owner to have your permission also in order to sell the property.
Double-check with a good real estate attorney there, but this is what I have been told so far from a couple lawyers I talked too. Keep in mind they were not retained they were just giving free advice so I am not totally sure all of this is exactly what the law is there. But they seemed knowledgeable.
you build a nice house on leased land they will want it and will not renew the lease.Do not buy land!!!
I think it was clearly stated it is possible to get One and only One 25 yr extension on the lease but those provisions must be stipulated and agreed to in writting by both parties at the time the original lease is written up.
I heard that the Lease goes back to the property owner if the Foreigner 'dies', so imagine how awkward it is if the family had a feud with the Foreigner.
@@joewilliams7783 its 25 year lease with the option for 25 more written into the lease agreement. Not negotiated 25 years later .
It all comes down to common sense - something lacking in a certain segment of the male population. Your previous videos address the vast differences one needs to seriously consider before even thinking about transitioning to any culture sometimes polar opposite of his or her own. Traditions, customs and laws in the US and Europe are not automatically portable to either the Philippines or any other country for that matter and this is the first mistake foreigners make : to think that their hubris and sense of entitlement really are universal and apply to every country in the world and that their perceived grievances and ways of solving disputes take priority over the locals'. Couple that with the rosy glasses they choose to wear as soon as they get off the plane along with the sandals and flowered shirts plus the exotic young thing they are so proud to display to their geriatric friends back home and you have a recipe for disaster. There are so many undercurrents at play, especially when it comes to land ownership and its implied inroads into wealth, status and security, I am sure books have been written to bring light on the subject. Another spot on video, by the way. Hail to the Pea!!
The unfair legal treatment of foreigners as to land ownership has dissuaded me from relocating to the Philippines. I had seriously considered it, but I prefer to purchase a house outright rather than renting it long-term. I'd not feel secure in such an arrangement.
Sounds to me I need to rethink everything before I come there. My fiancée wants a house, wants to have a baby, wants to start a business with me as the financial backer, a car etc. She is 45. Me 62 and in good health. I’m very iffy on a car and business and now the house after watching this video. I’m thinking I might need to end this relationship and just come over on my own. Are there not any women there just looking for a nice, financially stable guy who’s looking for a long term companion to travel with and enjoy life together. I’ll buy us his and her scooters and pay our way.
Good idea to rethink things, Mike!!!
I have talked to attorneys there and it is my understanding, as a foreigner, that if I married a Filipina and in the prenup, it states that if she dies, all the property goes to me the foreiner, then I have a reasonable amount of time to sell the land to another Philippine citizen and not have to give up any of it to others. I also understand if I did not sell the property in a reasonable amount of time, then and only then could the family attempt to make a claim against the property.
QUESTION: Did you ask her about a real estate broker from Los Angeles California USA, going there and getting a brokers license, what would be required to become a real estate broker there?
Thanks my friend! Take care and God bless everyone! Love all you are doing!
what's the definition of "reasonable"? Does it change from city to city, judge to judge, policeman to policeman? The lesson this attorney clearly states is all the details need to be in writing in a legal document. I would run away from any attorney, or real estate professional in the PI who used this word "reasonable" when describing my legal obligations.
I've also heard about having a reasonable period of time to sell the property to a Filipino after a foreigner inherits,
@@billnearyart8855 2 years
Here a guy from peru who met and married a pinay in the states bought a resort .the wife died . He remarried . And still owns the resort .
But ....second hand info from the employees .
Fuck that it's a fucking con game. I demand change or else our government must do the same to them
this information is great as i have been looking this up for nearly a year and only got about half that info. I plan on getting land in 1-2 years around Roxas city when i get married to my pregnant girl friend and want to set it up so that if anything happens the land will go to our child with me as the guardian and with me owning the buildings. I will be contacting Gracelyn to see if she knows of a good lawyer in my area. Thank you for this valuable information. I plan on being in the Philippines for many years as i am 44 years old and even though i am a Disabled combat vet from the US i am in relative good health (i have a bad back and right leg).
OMG.... That was a lot of Important information.... Thank you so much for putting forth the effort To share with us.... you are the best Filipina ever🍃💞🍃
Wow!, another brilliant video by our rising star....this info is going to save a lot of westerners a lot of time and money.....ever notice that intelligent women know other intelligent women
Let's support the "Pea", this info alone would have cost $$