Dandel Rabe
Gold Coast, QLD (AUS)
Role(s):
Founder/Owner/Principal
A35 Homes
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Startup
Location:
Paranaque
Industry:
Real Estate
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Sole Proprietorship
Description:
Build and Rental properties targeting working family class market in Manila, Philippines. I purchase the vacant lots, build typical residential apartments and rent-it-out. From a single unit back in 2010, there are 14 units to-date and fully occupied. Current total properties value is 850,000.00US$.
Rental properties demand is quite high in a highly populated capital of the Philippines. Most of the working class could not yet afford to purchase their own (URL removed)ting in a high-rise condominium buildings are not suitable for a family with children.
Looking for some angel funding for additional units to build. Unit capitalization direct cost around 45,000~85,000US$ with 7-12% net yielding. Details can be discussed from lot acquisitions to construction phase and up to profit sharing. I hold dual-citizenship.