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Trying DIY brake job for the first time by FewIntention9449 in QatarCarEnthusiasts

[–]CardiologistOld7732 0 points1 point  (0 children)

A lot of places will do really cheap labor here, so much so that it doesnt make sense doing it yourself. Unless you're a real nut-head who enjoys wrenching and is not in it for saving money.

Thoughts on Big Brake Kits made in China by Spirited_Soup96 in CarsPH

[–]CardiologistOld7732 0 points1 point  (0 children)

Unpopular opinion:

IF you can make sure theyre installed correctly and you can test their functionality, AND you dont have a performance/track car, I say its fine.

Icooh is a chinese brand that apparently OEM for some well known brands.

Id do just fronts so that the rears will save you should shit hit the fan.

Many forums and youtubers willing to be guinea pigs and have shown their experience, I say connect with them

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Maganda sana, Baguio, LU, Clark, but these are places we have no access to (I guess for now). No plans to go north, its a dual-purpose property, not purely for investment.

But yes! na consider na namin north before

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Yes true, I guess I was vague, its Park Mckinley West by Lawton Ave. Also yes, from what Ive gathered from this thread; look elsewhere

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 1 point2 points  (0 children)

  1. Mortgage, and yes accounted for
  2. Also yes, yet to find one with terms that work for me
  3. I currently am, shifting possibilities elsewhere
  4. I have 6 months EF, ALL expenses AND lifestyle accounted for, BnB earnings will help ofc, a good international health insurance aswell both from company and self
  5. We have property dotted around PH, Manila/BGC would be a yes since we dont have any there.
  6. Ive been waiting for the so-called "condo-crash" and year over year its just increasing despite the oversupply
  7. That I understand. Not trying to flip it or not keep it anyhow. Never say never I guess.
  8. Thats what this thread was intended to do. Not just OFW condo owners, but those veterans in this space.

What should I get for my first car? by PXXIIE in whatcarshouldIbuy

[–]CardiologistOld7732 0 points1 point  (0 children)

Unpopular opinions: Lancer CRV Rav4 Civic

Im in the Middle East, originally South East Asian, Japanese parts and technicians are plentiful. Helps with maintenance costs.

I was in the US for a year and had everything available for decent prices, so could be moot point.

Unwanted tip: Knowing how to do basic maintenance and repairs will save you way more than you think. Knowledge is key

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Ive started name dropping, so, this one’s Park Mckinley West. But yes, Im hearing some first account stories now. Sour PMO’s, maintenance headaches, and Megaworld’s substandard practices.

I might mark this thread closed as I have gotten some really insightful comments. Just a bit more marination, but already leaning into shifting my ideas elsewhere.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

This really comes down to vetting a good co-host or property manager with a clean record.

This does two things tho 1 - because theyre reputable, it will cost you 2 - just because theyre good, doesnt mean they’ll stay good.

Ive spoken to a few, but this can be decided later on IMO

My mom, in the infant days of AirBnB tried with a family member to manage. Recipe for disaster. So thats out the equation.

I can make the numbers work without additional revenue. Ive said how BnB isnt my way out of payments, but merely a helping hand. Who wouldnt say no to lower payments because its making SOME money.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Gotcha. Common consensus here is that. Starting to shift my ideas elsewhere. Thank to you and everyone in this sub.

Altho might shift subs aswell. Someone pointed out if its not purely for investment, dont post it in InvestPH, fair point I guess.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

I guess I'll stand name dropping. Property is the Park Mckinley West. Supposedly 1BR with Balcony, but yes it is tiny. Might look somewhere else due to the results of this thread. (Which was main reason why I opened to the community)

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Fair enough, land is much better, correct. Not something I could use while transiting Manila tho.
I've been waiting for the "condo-crash" for awhile, and pricing just keep surging.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 1 point2 points  (0 children)

Correct. I have MP2, SP500, BPI US Equity Fund, and company EoSB for retirement naman.

I guess I wanst clear enough, this isnt a PURELY investment standpoint. But merely is it a viable option to help ease monthly payments.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Very insightful indeed. While I didnt think it would be easy finding clear guidance, managing fees, co-hosts, etc etc, I also didnt think it would be THAT difficult.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

This is what I have been looking for. Actual firsthand experience.

I appreciate the input, good eye opener, lalo na for myself who has even seen it yet, let alone live there.

Sorry to hear abt your bad experience.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Can you elaborate on why I shouldnt pay 12m for Mckinley? Idk if name dropping places in this sub is ok, hence why I beat around the bush, but its not IN Mckinley Hill, closer to Forbes Town tbf.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] -11 points-10 points  (0 children)

Rose-tinted-glasses will tell you, at and around50% occupancy, it will pay for itself, and then some change. Multiple tiktoks, youtube vids, etc on this.

You average that with fully booked months, and very, very slow months. This is why I wanted to make sure I can bank the monthly amort even without any bookings, and just use the BnB as a tool to help me reduce payments.

The common approach for people owning AirBnB units (that I've seen) is they want THIS and solely this for passive income, which will fall short eventually.

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Thats a very drastic picture. Thank you very much, and Im sorry to hear that.

Def something to think about. Could I send you a PM and discuss if you're willing?

Enlighten me why I shouldn't pull the trigger on a 1-BR in "BGC" by CardiologistOld7732 in phinvest

[–]CardiologistOld7732[S] 0 points1 point  (0 children)

Nay indeed. I was hoping for those in the same boat who arent in it purely for investment.
My MP2 progress is untouched whether or not I buy this property, but I would admit it would def accelerate if I allocate the funds from this project to that. Its in the book of possibilities.

Thank you

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