Looking after your Philippines partner after retirement.

The Curse of the big house

OLYMPUS DIGITAL CAMERA         In retirement a lot of people want to build a little castle for themselves in the Philippines something to leave for a partner in the future after they are gone. But there is something most people overlook the reality of things are a house is a bit like a white elephant project as once your gone its unlikely to be maintainable by your loved one(s) due to its costs aswell as the fact it may take years to sell if sold at all. Then there are the other complications the house also draws in unwanted interest from undesirables and also extended family members seeing a family member married to a rich foreigner which then leads to even more complications as many people assume you will help every  family in some form in some cases. But either way low key is safer and at the end of the day your in a developing nation living it up there is simply rubbing peoples nose in the fact there is a huge rich and poor gap.

So what would I do in planning for the future? Firstly I would look for members of family I can trust aswell as what my partner can do in business. A small business venture earning maybe P15,000 a month may not sound a lot to you but several of them operated by several people on a performance basis you can achieve a sustainable income for yourself and those around you. If you pass on your wife would inherit the lions share of the businesses and likely she is already an owner on the setup of the companies literally just increasing her share stake.

There is also the fact if you looked to invest in property initially buying houses around the P1m – P2m mark or a small apartment complex you could easily be bringing in P50,000 a month with multiple properties which you would have invested totally in your initial main home. The type of business to do with property depends on your location and budget restraints e.g. having condos in the business districts will bring in business clients with higher rents but likely you will operate via an agent. But if you live in a more “local” environment such as the provinces maybe a small apartment block or chalets would be the way to go if you can gather the interest from potential tenants. Which you will collect or direct money transfer yourself the rents.

The list can go on and on but I just wanted to reinstate the fact a big house is more of a headache than its worth. The money is better of invested abroad or locally. But the most important thing is looking after your loved ones.

0 comments for “Looking after your Philippines partner after retirement.

  1. John Hall
    August 25, 2009 at 12:28 am

    Hey Matt. I am getting ready to purchase a house.. actually get one built. I was thinking of building enougher one as a investment property could you give me some pointers I was thinking buying maybe a 100 square meter beach lot and putting a wood house on it resort style and rent it out to foreigners on craigslist what u think? By the way your new page layout is nice bro but i LOVED your previous layout my friend, I always visit your page every few days.

  2. TropicalPenpals
    August 25, 2009 at 4:32 am

    Hi John,
                what materials are you going to look at for construction? Termites are a major problem with timbers. Also location wise what else is it near? Have you got a location already in mind? Are you running water + Electric to it where is your nearest supply? Who will your target market be and what is going to make your project stand out? These are the sort of questions I would stick on a list of paper then run down answering each one until I had all the answers.

    The layout of the blog isnt finished there was some spam links hidden in the other one which started showing up thats why I changed. But also I think with the size of the blog now this would be a better layout once I get the next bug out of the software as there is a slideshow I have in there that flicks through with photos relating to articles I just need to get it all working and I think things will be easier to use for everyone. How are things going btw havent heard much from you lately so all must be well 😉

  3. John
    August 26, 2009 at 2:59 am

    Things are great. I got a good girl. nice rental.Buying a multicab next week earning 140000 a month want to put 100000 in investment a month but I need some advice on how to use it and have 750,000 in investment capitol not sure to do with yet. You pour your whole heart and soul into this page huh. I been checking tropicalpenpals for about 7 months now.

  4. TropicalPenpals
    August 26, 2009 at 6:39 am

    Hi John,
                 Only advice I would give on a multicab is dont bother with one in that is overpriced and in great condition. Better to get older as they are just all old! and if you want it all shiny give me a buzz as I have a guy my father inlaw knows who refits and sprays the multi-cab buses can get it done cheaply for you. Aswell as any mod-cons you want. I paid P45,000 for mine its gained at least 6 dents in just over a year which is why i just had the rust treated and not had it painted. Also the fact that it looks like a wreck it wont get stolen lol..

    Investments can always be high risk and the way I would put it is your not prepared to risk it all and lose it then I would look for something else. But if your serious about finding a use for it I will give you a hand when I get back there is no rush.. better taking your time and making sure than rush in and lose it overnight. Also be aware that CON artists operate in all Developing countries and a lot of them are amongst the expat communities as foreigners see people from theyre own homeland more as friends and drop the guard but as soon as they receive the money they are off on the next flight to the next country. So also bare that in mind.

    The blog is an important factor in my life not because I want to brag about my life etc. It was originally started because of the lack of “real” information on the Philippines as most things are written by people after commercial reward (e.g. selling duff e-books) or from a very narrow view point telling everyone its dangerous etc. while the writer only goes from his secure sub-division to the malls so what does that writer really know?? But the most important thing for me is creating a balanced view as I think Filipinos get a raw deal worldwide and the “mail order bride” syndrome is still a very strong view worldwide but like yourself and I can state neither of us are exactly the old generation who struggle to find a partner and infact I had no interest in getting married at all before I met my wife. So I think its important to get the right information across aswell as leave things like the comment sections open for other peoples views so a fully balanced view comes across. The feedback I get from people lets me know im doing at least some of it right..lol

  5. john
    August 27, 2009 at 4:01 am

    Hi Matt,

    I want my multicab pimped out lol. I wanted a honda crv when i irst got here but decided some of the “old new” shiny multicabs look great due to there big body style. I would like a automatic matt. I am paying for it now because I can drive manuel and I am afraid to drive manuel in cebu and get my ass sued or kill someone lol. I found a automatic big model body but it was 200000. You think it would be safe to be a beginner at stick foreigner in cebu? If u have any connections for multicabs let me could u tell me where?

    I learned in Phillipines be careful who u trust really early from what happened to my dog. So I am really careful on who to. Thanks for the offer of help I would be glad to take u up on that maybe we can do a joint venture.

    There was a real lack of information when u get here for example living in the phillipines.com makes everythem seem like perfect lol. But really phillipines isn a great place i love it compared to my home. When i got here I got no interest in getting married not even now but I really love my partner. I probroly don’t mind having a child but finding a girl only takes 30 seconds in this country honestly for you or me. Your webpage is great bro. I just loved the previous layout but if it has some spam bugs I understand. It was just more “beachy” which fits into the “phillipines theme” if you take a look at http://www.prisonplanet.com you layout reminds me of theres which is informal but alittle bit more grim and not as “happy” lol

  6. Matt Wilkie
    August 27, 2009 at 5:24 am

    Hi John,
                200,000 thats a lot of money for a multicab its much easier to get an old one and get it revamped getting it sprayed is around P7k+ from the guys that can do ours. The tyres and things can source always better to wait until someone needs to sell 😉 always get a better price. Remember a lot of prices you see on vehicles for sale include “monthly” payments which is why they get so expensive. Even adding a new engine is around P10k as you can see getting up to 200k can be very difficult lol.. even if you built it section by section. Reliance Jeepney in SM Mall sell them for around P130k refitted already. But if your going to pimp your ride the guys that I know can cut it up and do whatever you want with it lol.. But one thing I will say about multi-cabs is they are a death trap in a crash they fold up like a tin can in a crusher.

    I own one and use it mainly for city runs where we need hardware or got a few people going with us (as its a pickup) but most of the time I use the Jeepy as its a strong chassis build has a 1996 1.6L injection toyota engine giving it reliability and speed. If you want a Jeep I can get those a lot easier infact I know where there are 2 available already.

    Stick shift may sound difficult but to be honest I only use stick although have driven automatics but found it makes you lazy driving. Cebu is easy to get used to a stick shift due to the slow road speeds and I find in my jeep I rarely get above 3rd due to the roads and traffic.

    Your right about the blog with the colours its a little more Clinical at the moment but its not finished I want to get the slideshow working and after that I will probably be looking at investing a few pesos and getting a custom made template built for the blog but I want to show the features I want first then get it adapted to fit.

    Your right about the “Paradise” situation on most of the sites and its wrong to give such a one sided view because it could get people killed. But then again its not as doom and gloom as the media make out either. I think the best way to describe the Philippines is you can find your paradise here with a little wild west thrown in for good measure..

  7. Guest
    August 28, 2009 at 7:58 pm

    HEY MATT,

    I GUESS YOUR THE ONE RESPONSIBLE  FOR THIS SITE.
    I HAVE BEEN READING ALL I CAN FIND ABOUT THE PHILIPPINES SINCE I MET JENNIFER IN CALOOCAN.
    HAVE NEVER BEEN TO ASIA BUT TO MANY OTHER DEVELOPING COUNTRIES. UNTIL I FOUND YOUR BLOG I KNEW WHAT I WAS READING WAS SHADED ONE WAY OR THE OTHER.  TO ANY COUPLE LOOKING AT MAKING A SERIOUS GO OF THINGS IN THE PHILIPPINES  YOU ARE DOING A GREAT SERVICE.  I THINK YOU ARE A MAN OF GOOD CHARACTER AND VERY SINCERE IN YOUR BELIEFS.  IT SHOWS IN YOUR DEDICATION AND WORK ON THIS SITE.    ALL I HAVE READ HERE HAS THE SOUND OF REALITY VERSES ONLY TRYING TO PUSH A PRODUCT OR OTHER AGENDAS.  I AM DEFFINATELY AN AVID READER AND FAN OF YOUR SITE.  I DID NOT SEE  YOUR OTHER SITE  BUT TELLING THINGS STRAIGHT , NOT SUGAR COATING OR FEEDING GLOOM AND DOOM  LOOKS PRETTY GOOD TO ME .  THANKS FOR YOUR HARD WORK , STRRAIGHT , SOUND AND WELL WRITTEN VIEWS ON SO MANY ASPECTS OF LIFE.
    BLESSINGS TO YOU AND APRIL,
    RICHARD

  8. Matt Wilkie
    August 28, 2009 at 9:24 pm

    Hi Richard,
                    thank you for your interest in our site and the praise it means a lot to us as the whole point of the blog was to give “real life” rather than the sugar coating you speak of on the majority of sites / blogs to do with the Philippines. I think the honest approach is so important especially when people are looking to retire here and the sites/blogs are the life line of information and its a pity so many abuse the trust to make themselves some money. To be honest though the way a lot of the other sites operates pretty much does show how hard life can be for the simple reason they are putting money before morals or thought of others.

    Enjoy the site and feel free to comment on any of the articles..

    take care,

    Matt n April