This seems to be typical a foreigner spends too much money and there is no ROI. Why else would they just finish a renovation and sell? Again foreigners cant own property unless a company and then you can only own 40%. there’s a reason why these foreigners are dumping these expensive properties they overspent and you’ll never get your money back. This is only good for someone who just enjoys the lifestyle and has money to blow. The cost to operate these places, including maintenance personnel, electrical, etc., etc. far exceeds exceed return on investment at these prices.
High tide the sea water is a few feet from the resto grounds During a storm surge, the resto n the rest of the ground wud be flooded Shoutout fr Wall Street, Manhattan, NYC!!!
@@dumaguetedreaming seawalls are useless since in the video, u cud see that the seawater is almost only two to three feet below the resto ground on high tide What more if there is a storm surge!!! Shoutout from Wall Street, Manhattan, NYC!!!
Nice place, lots of upgrades... Mirrors everywhere Haha...I remember the days (pre OnlyFans build likely -😆)...I was a big fan of mirrors... Now the fewer mirrors the better - I'm old! Who wants to look at that every minute??? 😜 Overall... Out of my budget and directly on the beach (looking for more land area close to the beach I can create my own paradise) but some good ideas for the future build... Also, the property I'm negotiating for now is on Luzon where the GF is from... This place certainly has potential...Schnitzel???? I may reconsider... 👍 Good tour guys...Thanks! 🙏🙏🙏 👍😎👍
$2k is the rental income from both apartment buildings. The restaurant is located in a popular tourist attraction in this area. Unfortunately, I can't provide exact numbers publicly.
@@FatboySE103 25k apartment on the first floor, 35k apartment on the second floor and 55k for the second two story apartment building. 115k for two apartment buildings in total
@@FatboySE103 and I didn't get your point about income / expense. Income refers to the money that a business receives, usually from selling goods or services. It can also include other sources such as investments, rentals, and interest. Expense refers to the costs incurred by a business in order to generate income. Expenses can include things like salaries, rent, utilities, and materials.
Just to remind you Guys. Philippine Constitution does not allow Foreigners to own a Piece of Land in the Philippines. The only way Foreigners can own Land if they are married to a Pilipino Citizen, but the Land Title is under the name of the Pilipino Spouse. And of course thru Leasehold. Foreigners can own Condos, Vehicles and Appliances but never a piece of land.
Im pilipina from dipolog city base her southkor imbase property in my country is regret i have house but siblings stay there other wise im not willing imbase property in my country rather than im private ly holding my own money than to make property put it in bank interest safetyness is clear even small house is big no for me rent rbnb
@@Alex_Kosh in my family every member of the family wash dishes.!It is not only wife's job to wash the dishes, you maybe right my family is my BUSINESS and your's is your business good to know!
That place is crap . No beach at all . Save your million dollars and enjoy life . This place not worth 1 million u.s. dollars .. if you have a great job in in America like me stay in America ..my house in l.a. is worth over a million dollars..
This seems to be typical a foreigner spends too much money and there is no ROI. Why else would they just finish a renovation and sell? Again foreigners cant own property unless a company and then you can only own 40%. there’s a reason why these foreigners are dumping these expensive properties they overspent and you’ll never get your money back. This is only good for someone who just enjoys the lifestyle and has money to blow. The cost to operate these places, including maintenance personnel, electrical, etc., etc. far exceeds exceed return on investment at these prices.
Hey Alex and Critter. I enjoy your Channels. I am an old Expat and live in Dumaguete.
Hello Larry. Thank you neighbor for watching us
High tide the sea water is a few feet from the resto grounds
During a storm surge, the resto n the rest of the ground wud be flooded
Shoutout fr Wall Street, Manhattan, NYC!!!
That area does experience a lot of tidal surge during high tide. Most properties around there have sea walls.
@@dumaguetedreaming seawalls are useless since in the video, u cud see that the seawater is almost only two to three feet below the resto ground on high tide
What more if there is a storm surge!!!
Shoutout from Wall Street, Manhattan, NYC!!!
Good to see you again Alex
Thank you for watching as well
Nice place, lots of upgrades...
Mirrors everywhere Haha...I remember the days (pre OnlyFans build likely -😆)...I was a big fan of mirrors...
Now the fewer mirrors the better - I'm old! Who wants to look at that every minute??? 😜
Overall...
Out of my budget and directly on the beach (looking for more land area close to the beach I can create my own paradise) but some good ideas for the future build...
Also, the property I'm negotiating for now is on Luzon where the GF is from...
This place certainly has potential...Schnitzel???? I may reconsider... 👍
Good tour guys...Thanks!
🙏🙏🙏
👍😎👍
Dawin and crossing apo island is the closer, just Pum boat to take you there. I love every Wednesday in Dawin market .
Looks like a solid business and a great location
Hello Alex And Justin. Long time no see. To bussy here. Work and my RUclips Chanel. Watching from Laredo north of Spain. Kuya Rafi...take care.
Perfect for someone who wants to live on the property while having an income coming in.
I agree with you 💯
Those views! 😯😍
For me, very small apartments but most people will probably like it
Thank you for watching and your opinion
The size is like my old apartment in Hermosa Beach, CA.
Looks good but $1250000 rental income of $1k . That resto income enough to justify the cost ?
$2k is the rental income from both apartment buildings. The restaurant is located in a popular tourist attraction in this area. Unfortunately, I can't provide exact numbers publicly.
You dont have money.
@@Alex_Kosh at 7:47 on transcript , it says all together 55k php. It’s a business and you can’t say income / expense
@@FatboySE103 25k apartment on the first floor, 35k apartment on the second floor and 55k for the second two story apartment building. 115k for two apartment buildings in total
@@FatboySE103 and I didn't get your point about income / expense.
Income refers to the money that a business receives, usually from selling goods or services. It can also include other sources such as investments, rentals, and interest. Expense refers to the costs incurred by a business in order to generate income. Expenses can include things like salaries, rent, utilities, and materials.
Hello there sir Alex Kosk how your baby girl now hope she growing fast at that 🥰👍🏽
The danger to much close to the beach is when there is natural disaster
Just to remind you Guys. Philippine Constitution does not allow Foreigners to own a Piece of Land in the Philippines. The only way Foreigners can own Land if they are married to a Pilipino Citizen, but the Land Title is under the name of the Pilipino Spouse. And of course thru Leasehold. Foreigners can own Condos, Vehicles and Appliances but never a piece of land.
Thanks
Not true, if you have a company then you can!
@@corcrijns8750 I have interview with the lawyer about this topic on my channel
False statement
@@corcrijns8750 Yes it's true with 60% Pilipino and 40% Foreign.
What is the ROI? I live in Dauin and eat there 2-3 times a month
Return on investment
@@Alex_Kosh The question was WHAT IS THE ROI? Not what is ROI. At 70 million it is about .0004% return
@@AndiamoPhilippines the owner wants to discuss this information only with potential buyers in person
@@Alex_Kosh ok thanks
Pickle ball is the fastest growing sport for people who cannot play tennis.
What’s the price for this? 😊
$1,25 million
Capped at 41% ownership…guaranteed headache and loss!
Thank you for watching and for your opinion.
Im pilipina from dipolog city base her southkor imbase property in my country is regret i have house but siblings stay there other wise im not willing imbase property in my country rather than im private ly holding my own money than to make property put it in bank interest safetyness is clear even small house is big no for me rent rbnb
WHERE IS THIS PLACE
Zamboanguita, Negros Oriental
You didn't say that!for your wife to wash the dishes?
In the video I said you or your wife. In your family it might be a husband, maid or anyone else. It's not my business
@@Alex_Kosh in my family every member of the family wash dishes.!It is not only wife's job to wash the dishes, you maybe right my family is my BUSINESS and your's is your business good to know!
Holy jeez, calm down, please. Yes, anyone can wash the dishes, to each their own ❤. Let's focus on the point of the video. Great content, guys!
The owner of this foreigner also western world person im correct
The owner is a foreigner and his Filipina wife
selling a failer
That place is crap . No beach at all . Save your million dollars and enjoy life . This place not worth 1 million u.s. dollars .. if you have a great job in in America like me stay in America ..my house in l.a. is worth over a million dollars..
Thank you for watching, America is the right place for you 😉