Flonique Guimary

Drew Arellano shares why taking a loan made sense to build his Tanay rental property

Article (news)

E. Kristhoff Cagape

Push Team

Drew Arellano opened up about what inspired him to build a rental property in Tanay, Rizal he fondly calls &quot;Bahay ni Drew.&quot;In an interview with Bernadette Sembrano, Drew shared that the idea of building a resthouse for rent stemmed from noticing a gap in the market.&quot;[I] built it for business, for short-term rentals nga. I kinda realized na wala pang premium na short-term rental dito sa Tanay eh,&quot; he said. &quot;I kinda feel that parang we have a market because I also want to rent something like this for a night or for the weekend.&quot;Drew is also open to the idea of building more rental properties in the future. &quot;I&#x27;ve always been open-minded to the fact na who knows, it can actually grow. This might be a stepping pad,&quot; he said.The television host also revealed that he took out a loan to finance the construction of the property. &quot;Dapat hindi matakot mga tao kumuha ng loan specifically, so that&#x27;s how I think,&quot; he remarked. When asked what makes a loan &quot;good,&quot; Drew said it depends on the borrower&#x27;s situation and purpose. &quot;I think very subjective yan, very relative yan kung anong posisyon o kung sino &#x27;yung [umuutang], at kanino ka umuutang, at para saan &#x27;yung inuutang mo.&quot;For his part, Drew said they were confident that their loan was justifiable because the property was intended as a business investment. &quot;Ito construction loan dahil alam namin na kikitain mo &#x27;yung hinihiram mong pera so it is easy to justify the loan, and this is just me, as compared to building a big house and you are not earning from it. That&#x27;s how I think so with this you build it for business and you can pay off the loan eventually,&quot; he said.It was on October 1 when Drew announced that his Tanay resthouse was already accepting bookings.<div><iframe width="738" height="415" src="https://www.youtube.com/embed/aMp4GxnXVxw" title="DREW ARELLANO, INUTANG ANG BAHAY? | Bernadette Sembrano" frameBorder="0" allowfullscreen=""></iframe></div>Back in July, in an interview with Section Detail, Drew shared that Tanay has always held a special place in his heart. &quot;I&#x27;ve always loved the outdoors specifically Tanay from my triathlon days. Twenty years ago, we rode our bicycles up to Tanay and back,&quot; her relayed.The TV host discovered the property where the house now stands during the pandemic. &quot;We found this property, came to Tanay tried looking for a place ten times and finally we found one with an unobstructed view of the mountains and the see of clouds when you wake up,&quot; he said.He went on: &quot;So I kinda feel like when I come here, I just feel so relaxed, so at peace, so isolated, and so free. So when we purchased the property, we didn&#x27;t want to build on the whole property that we got.&quot;They decided to build the house on just a portion of the land, carefully planning how each space would be used.&quot;It was just a portion of the property, and we were thinking that every space should make sense, every corner should make sense, every corner should make sense. That&#x27;s why we thought of a playground for the kids, a billiard table... the mini lap pool, and the heated jacuzzi,&quot; he said. &quot;And of course our dining area and that side is the gym, so every corner was thought out.&quot;To fully embrace the natural surroundings, they chose to design the house with floor-to-ceiling glass panels.&quot;I want the view of the mountains to be unobstructed so that&#x27;s why we have these massive sliding doors so when you open, you just feel like you&#x27;re on top of the mountain but at the same time, you feel comfort,&quot; he said.For Drew, the project represents a new chapter in his life. &quot;For me this is the next phase of my life. I&#x27;ve been doing the travel show for 20 years. And I&#x27;m looking at my next phase which is property management. I feel this is my next step. It excites me...  There are ups and downs. When I think about the nitty-gritties, the headahces, kasama &#x27;yun eh. And I like it. It really excites me,&quot; he stated.

Drew Arellano reveals that he took out a loan to finance the construction of his Tanay resthouse for rent.

Drew Arellano reveals that he took out a loan to finance the construction of his Tanay resthouse for rent.