I am featuring an e-mail I received through the mailing list of Larry Gamboa, author of the book “Think Rich Pinoy!”, with regards to two things I am very passionate about, Real Estate Investing and Internet Marketing. I’ll explain more about these in a bit but before that, I am reprinting the whole e-mail below [...]

Subastahan Sa Tag-Init, a public auction of foreclosed properties powered by The Property Forum Phils., shall be held on April 30, 2009 at the Max’s Restaurant Shangri-la Edsa corner, Shaw Blvd. Mandaluyong City, Philippines. Registration starts at 11:00AM and the auction proper starts at 12:00NN.

At least that’s the way I look at it. My purpose for making money through foreclosed property investing is not really just about having lots of money or getting rich, its about having the freedom to do the things that are truly most important in life, without worrying about where to get money to provide [...]

When buying a foreclosed property, the buyer often shoulders the Documentary Stamp Tax (DST). In the Buena Mano Green Tag Foreclosed Property listings for example, it is explicitly stated that DST is for the account of the buyer and DST is 1.5% of the Selling Price (SP) or Zonal Value (ZV), whichever is higher. To [...]

I got this public auction announcement for bank foreclosed properties of Unionbank from my father-in-law. The foreclosed properties for sale are from the Visayas and Mindanao areas.

As promised, I am sharing a sample Rent-To-Own contract specifically for use here in the Philippines. A Rent-To-Own contract is more correctly referred to as a Contract of Lease with Option to Purchase or CLOP.This is similar to lease option contracts used in other countries like the US.

One reason would probably be because they are giving discounts on previously unsold bank foreclosed properties. I noticed some foreclosed properties that remained unsold in previous Dream Buys Auctions of RCBC Savings Bank have had their minimum bid prices reduced by 5%.

I have here a new foreclosure listing from Unionbank for another run of their Special Public Auction of foreclosed properties on April 18, 2009, Saturday, 9:00am, at the Delas Alas Room, 2nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines. This is their 135th public auction of foreclosed properties and their 4th for [...]

I just want to share this link to a very cool site which offers free legal forms & contracts which are mostly real estate related. Credit goes to Jomar Hilario who discovered the site and shared it through the Think Rich Pinoy! Google Group last October 2008, just before I created this blog. I just [...]

I recently got a comment in my post How To Easily Calculate The Return-On-Investment (ROI) For Rental Properties and as I mentioned in my reply to the comment, this question deserved an entire post so I can answer it in greater detail. For everybody’s reference, I have reprinted the question below:

RCBC shall be having another run of their Amazing Buys Public Auction of their bank foreclosed properties on April 25, 2009, Saturday, at the Podium 4 Lobby, RCBC Plaza, Ayala Avenue corner Buendia Avenue, Makati City, Philippines.

The City Of Tagaytay recently issued a first notice for delinquent real property and this was also published in the March 20, 2009 issue of the Philippine Daily Inquirer. According to the notice, the properties listed were declared delinquent in payment of real property taxes by virtue of the provisions of SEC. 2A. 44 of [...]