When and how do you exit from your business investment

Every generation needs a revolution - an entrepreneurial revolution

For the sake of discussion and learning, we talked about a colleague and friend who made about P3-4 million into what has become a famous organic farm.  Initially somebody offered  P35 -40 million for her 3.5 hectare property located some 50+ km from our town.

Now she wants P100M+ as the only possible deal  We said that it is not possible.  That price of about P3+ per square meter would seem to be a price of someone who is not selling   Maybe a P1,500 to P2,000 /sm would be a more feasible price.   Since she/we are all ready old.

If it is going to be a residential or farm lot project, 30% of the land has still to be set aside and the investor would need cost of money or ROI

What do you think:   1.  Sell at P1=2,000/sm           2.  Sell at P3K/sm?

We did not invest in Kanlaon City; were we blessed.

Every generation needs a revolution - an entrepreneurial revolution

We just learned that Kanlaon Volcano just erupted.   And heavy rains washed down lahar unto its rivers and roads.

Several years back, one of our business partners, a doctor (a famous skin care specialist) brought us on a trip for possible investment at the City:   subdivision, health care, storage facilities, a cemetery.

However we balked at the idea because of another risk:   peace and order.  Those on the left used the area for their R and R.  True enough, several days later at the neighboring town, there was an ambush of PNP personnel resulting in several deaths.   

Since it was cool at the area, all vegetables and flowers can be grown just like in Baguio.   We could go on chicken farming and cattle raising.   

We still balked at the idea, the target market being sparse.

And now the eruption of Kanlaon Volcano.   Were we right in our decision?

Would you go for faking of documents just to get a project push through

Every generation needs a revolution - an entrepreneurial revolution

There was a project/business proposal made last February.   We said that we can push through with this if we are able to pass through hurdles:   1.    Ok from the LGU legislative body,    2   that the property can be titled so that license to sell can be obtained.    We were able to have audience with the Mayor and he verbally approved the project, but the more expensive tedious procedure has yet to come  Obtaining the resolution.   

As for the title, the agents who were working on the property said they could  using the Free Patent way, and getting the waiver from an Estate.     (They claim ownership of some 3,000 hectares in this place)   However there seems to be a choice between two entities who will give the waiver.  No one seems to to really know who will be legit entity to deal with.  There are expenses to be incurred if for each of the distinct personality who will give the waiver.  And titling could be complicated and more expensive

May be on this basis, another proponent backed out, because of the financial size of titling and its complexity

This post suggested that the problem be tossed back to the land owner since the responsibility for the titling belongs to the land owner.   

Lately there are suggestions that in order to proceed with the titling:   documents, approved plan be ante dated  (That means faking some documents)

As I have said let that risk be shouldered by the land owner

Would you agree to faking documents just to get approval?