My favorite types of real estate deals are the ones where I get properties free. The most common way people get free real estate is through inheritance. Unfortunately for me, I have no rich uncles to leave properties for me to inherit. Real estate is the most powerful wealth creation tool. If used correctly, you can create your own inheritance. Deals involving raw land are some of my favorites,...
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Bob Mangat and CEO & Founder of the 1440 Group, a real estate investment and development firm in Vancouver, BC Canada. For individuals who want to invest in commercial real estate, but may lack the stomach to go all-in individually, or even to have the bulk of liability for a new entity, a real estate limited partnership may offer the right risk-reward ratio—keeping mor...
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Vista Land & Lifescapes (VLL) of ultra bilyonaryo Manny Villar might have limited exposure to Philippine Offshore Gaming Operations (POGO), but it is the most at risk to an economic fallout from the proposed ban on Chinese-backed tenants. VLL has the biggest loan exposure among the country’s top property companies with a net debt to equity ratio of 128 percent. The rest of the Big...
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For the first time since the March 2020 lockdowns, property giant SM Prime Holdings resumed charging full rental fees across its local shopping mall chain in the second quarter, clearing the road toward earnings recovery after paying the hefty price of moratorium and discounts that kept tenants afloat. With the relaxation of quarantine protocols now bringing back the usual crowd to sh...
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Mang Inasal is as familiar to Filipinos as any other fast food chain. But did you know that it was only founded in 2003? Then, just seven years later, Jollibee Foods acquired 70 percent of the company for P3 billion. Last year, Jollibee acquired the remaining 30 percent for P2 billion. The man behind this great success is Edgar “Injap” Sia II, who built the first Man...
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From being a maintenance boy in his uncle’s supermarket, Dennis Anthony Uy rose to become the founder of Converge ICT Solutions, one of the Philippines’ largest operators of high-speed internet. Like the rags-to-riches life story of Henry Sy Sr., Dennis’ family also migrated to the Philippines from China in 1978. He was 11 years old when he arrived in the country, along with h...
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