This post got in touch with a local entrepreneur who operates in MM but had to return to the province during the pandemic. While there there had offer of raw land sales which they took via pdc. Now they are developers.
During the pre development stage they were able to sell out the project (subdivsion plots) They were mostly flipping deals: hinuhulugan pa lang raw land sold out na ang iba ng collecting millions. They have modest properties, 4 vehicles one L300, one dump truck, 2 pick ups and 2 MTB.
Now we are discussing jv for a memorial park.
They must be wealthy now Now I notice some weaknesses: legalities, financial control and system, and continuity.
