Filed under Real Estate Seminar, Real estate investing by Jay on April 29, 2009 at 10:23 pm
5 comments
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 [...]
Full Story »
Filed under Property Forum, Public Auction by Jay on April 27, 2009 at 11:23 pm
one comment
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.
Full Story »
Filed under Financial freedom, Mindsetting by Jay on April 25, 2009 at 3:00 am
43 comments
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 [...]
Full Story »
Filed under Documentary Stamps Tax, Real Estate Taxation by Jay on April 21, 2009 at 10:46 pm
9 comments
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 [...]
Full Story »
Filed under Acquired assets, Foreclosed properties by Jay on April 19, 2009 at 8:10 pm
no comments
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.
Full Story »
Filed under Real Estate Contracts by Jay on April 17, 2009 at 10:59 pm
34 comments
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.
Full Story »
Filed under RCBC by Jay on April 14, 2009 at 4:25 pm
20 comments
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%.
Full Story »
Filed under Acquired assets, Foreclosed properties by Jay on April 12, 2009 at 9:45 pm
one comment
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 [...]
Full Story »
Filed under Real Estate Contracts by Jay on April 10, 2009 at 10:25 pm
10 comments
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 [...]
Full Story »
Filed under Real Estate Contracts by Jay on April 8, 2009 at 7:00 pm
20 comments
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:
Full Story »
Filed under RCBC by Jay on April 6, 2009 at 6:00 pm
8 comments
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.
Full Story »
Filed under Property Tax Sale, Sealed Bidding by Jay on April 4, 2009 at 12:34 pm
12 comments
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 [...]
Full Story »