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Philippines RE Opportunity in 2024

First time poster and avid observer. I am a small time landlord with a few doors in the US. I am looking at expanding and finding it increasingly difficult to make the numbers work with leverage that is worth the effort this is considering i can let this grow at 5-8%+ in tbills, bonds, and hysa at minimal risk and higher cashflow. I am in a unique position having a spouse with dual-citizenship in the Philippines with solid liquidity. The cost of a cash purchase there is not far off from a down payment here for investment property 5-8M PHP will go far from what ive seen in researching different areas in land/house for sale groups. What are the largest opportunities and downsides to owning property in this country when buying cash? I have been before in a non investor capacity and see it being feasible with worst case you own a vacation home free and clear to rent on airbnb.

thought process of this being both an investment and for personal use/retirement many years down the line. Fully aware I can make more money leaving it in index funds with compounded interest.

*Areas of interest Cebu, Dumaguete, Siguijor, Siargao

Appreciate any insights in advance!

submitted by /u/Candid_Opportunity_9
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source https://www.reddit.com/r/RealEstate/comments/1eavv2d/philippines_re_opportunity_in_2024/
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