Comments on: How I estimate market values of foreclosed properties http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more! Wed, 08 Feb 2012 16:17:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: concernowner http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1581 concernowner Fri, 22 Apr 2011 09:45:08 +0000 http://localhost/wordpress/?p=206#comment-1581 good day sir Jay! like to ask you sir about how someone become a real estate dealer? are there particular guidelines of BIR for that matter? what if i bought in the same year 5 real properties under my name and sold it immediately will the BIR tax me as a dealer or investor?capital gain tax or income tax? what is the holding period before some will be recognize as real estate dealer? my parents bought a foreclosed house and lot last 2007 under a deed of conditional sale contract and monthly equal amortization until october 2012. can we sell this immediately in the same year after the title is transferred without being tax as real estate dealer? good day sir Jay!

like to ask you sir about how someone become a real estate dealer? are there particular guidelines of BIR for that matter? what if i bought in the same year 5 real properties under my name and sold it immediately will the BIR tax me as a dealer or investor?capital gain tax or income tax? what is the holding period before some will be recognize as real estate dealer? my parents bought a foreclosed house and lot last 2007 under a deed of conditional sale contract and monthly equal amortization until october 2012. can we sell this immediately in the same year after the title is transferred without being tax as real estate dealer?

]]> By: What you need to know about BIR Zonal values | Foreclosure Investing Philippines http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1580 What you need to know about BIR Zonal values | Foreclosure Investing Philippines Wed, 23 Mar 2011 02:10:25 +0000 http://localhost/wordpress/?p=206#comment-1580 [...] is by finding comparable properties or comps. To learn more about this, refer to the article on How I estimate the Market Values of foreclosed properties.Maybe in the future, if the BIR is able to adjust the zonal values to match current market values [...] [...] is by finding comparable properties or comps. To learn more about this, refer to the article on How I estimate the Market Values of foreclosed properties.Maybe in the future, if the BIR is able to adjust the zonal values to match current market values [...]

]]> By: Codohunter http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1579 Codohunter Wed, 03 Nov 2010 15:41:07 +0000 http://localhost/wordpress/?p=206#comment-1579 Its easy pala to check for the value of Foreclosed Properties by the cost and market aproaches. Does almost all of the foreclosed listings go down 40% below the cost of the property? Its easy pala to check for the value of Foreclosed Properties by the cost and market aproaches. Does almost all of the foreclosed listings go down 40% below the cost of the property?

]]> By: Melvin Cruz http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1578 Melvin Cruz Thu, 08 Jul 2010 05:44:08 +0000 http://localhost/wordpress/?p=206#comment-1578 Hi sir jay, I think my question is a bit off topic but I’ll ask it anyway. By the way, I’m a government employee and I’ve been wanting to invest in real estate but my FFA is still too small for me to start. I recently found out that I am entitled to a housing loan from GSIS of up to 2M pesos with an interest rate of 8% per annum, payable in 5 to 30 years. I’m thinking of finding a foreclosed property (improved) to buy which I can put on rent eventually and have it’s rent pay for my monthly dues with GSIS with extra passive income of course. Do you think this is a good idea? Do banks go in to this kind of deals with their properties for auction? Thank you very much in advance sir Hi sir jay, I think my question is a bit off topic but I’ll ask it anyway.
By the way, I’m a government employee and I’ve been wanting to invest in real estate but my FFA is still too small for me to start. I recently found out that I am entitled to a housing loan from GSIS of up to 2M pesos with an interest rate of 8% per annum, payable in 5 to 30 years. I’m thinking of finding a foreclosed property (improved) to buy which I can put on rent eventually and have it’s rent pay for my monthly dues with GSIS with extra passive income of course. Do you think this is a good idea? Do banks go in to this kind of deals with their properties for auction? Thank you very much in advance sir

]]> By: chris http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1577 chris Thu, 17 Jun 2010 15:10:28 +0000 http://localhost/wordpress/?p=206#comment-1577 Hi sir jay, i am new in the real estate business, currently me and my partner is building a duplex in ibarra st sampaloc mla. maybe you can help us sell the new houses since you are also a licensed broker. We gve the standard 3% com rate to brokers who can close the deal. each house is 50sqm lot area. with 2 floors and an attic, 1 cg. flood free. total flr area is abt 130sqm for only P4.4M. If you have questions pls contact me at 09285078102. thanks! Hi sir jay, i am new in the real estate business, currently me and my partner is building a duplex in ibarra st sampaloc mla. maybe you can help us sell the new houses since you are also a licensed broker. We gve the standard 3% com rate to brokers who can close the deal. each house is 50sqm lot area. with 2 floors and an attic, 1 cg. flood free. total flr area is abt 130sqm for only P4.4M. If you have questions pls contact me at 09285078102. thanks!

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1576 Jay Castillo Sun, 06 Jun 2010 09:04:09 +0000 http://localhost/wordpress/?p=206#comment-1576 Hi Roel, first of all, I congratulate you for deciding to venture into investing in foreclosed properties. My suggestion for you is don't let your inability to get a loan approved stop you from starting. Continue looking for a niche to focus on, continue looking for good deals, continue managing your finances. if you continue doing these, the following will happen sooner or later, you will find a really good deal, and investors will be willing to finance the deal for you. If you continue to manage your finances, you will eventually be able to raise enough capital to buy your first deal. You can also try other options like going into brokerage, try selling other peoples properties, etc... Hi Roel, first of all, I congratulate you for deciding to venture into investing in foreclosed properties. My suggestion for you is don’t let your inability to get a loan approved stop you from starting. Continue looking for a niche to focus on, continue looking for good deals, continue managing your finances. if you continue doing these, the following will happen sooner or later, you will find a really good deal, and investors will be willing to finance the deal for you. If you continue to manage your finances, you will eventually be able to raise enough capital to buy your first deal. You can also try other options like going into brokerage, try selling other peoples properties, etc…

]]> By: Roel C. Navia http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1575 Roel C. Navia Sat, 05 Jun 2010 09:11:46 +0000 http://localhost/wordpress/?p=206#comment-1575 sir jay, i would like to enter the bussiness of forclosed properties, but one thing stopping me is the requirements of the bank. coz they ask to much requirements, that a starter like me could not enter the bussiness. What should i do with this problem? Thank you for all the blog, it helps me find my foucs in life. Hope u could help me to enter in this kind of bussiness.. More power and regards. yours, roel c. navia sir jay,
i would like to enter the bussiness of forclosed properties, but one thing stopping me is the requirements of the bank. coz they ask to much requirements, that a starter like me could not enter the bussiness.
What should i do with this problem?

Thank you for all the blog, it helps me find my foucs in life. Hope u could help me to enter in this kind of bussiness..
More power and regards.

yours,
roel c. navia

]]> By: BIR to fast track the revision of the schedule of zonal values of real properties nationwide | Foreclosure Philippines http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1574 BIR to fast track the revision of the schedule of zonal values of real properties nationwide | Foreclosure Philippines Sat, 22 May 2010 06:27:13 +0000 http://localhost/wordpress/?p=206#comment-1574 [...] mentioned in my article: How I estimate the market values of foreclosed properties, market value is defined as “the estimated amount for which a property should exchange on the [...] [...] mentioned in my article: How I estimate the market values of foreclosed properties, market value is defined as “the estimated amount for which a property should exchange on the [...]

]]> By: SAPPHIRE http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1573 SAPPHIRE Mon, 03 May 2010 10:53:56 +0000 http://localhost/wordpress/?p=206#comment-1573 HI! I hope you can help me enlighten matters regarding Capital Gains Tax, and other taxes incurred when buying a property. Most sellers let their buyers shoulder those taxes mentioned above. When are these to be paid? Are they to be paid after paying the Down Payment too? If I have to acquire it through a Bank loan or any Lending Institution, if that would be the case, my Equity will be much higher, with required the down payment already, plus taxes mentioned above. Your blog has been very very helpful....! Thank you very much and keep on enlightening people like me. More Power! HI!

I hope you can help me enlighten matters regarding Capital Gains Tax, and other taxes incurred when buying a property.
Most sellers let their buyers shoulder those taxes mentioned above. When are these to be paid? Are they to be paid after paying the Down Payment too? If I have to acquire it through a Bank loan or any Lending Institution, if that would be the case, my Equity will be much higher, with required the down payment already, plus taxes mentioned above.

Your blog has been very very helpful….! Thank you very much and keep on enlightening people like me.

More Power!

]]> By: How to turn listings of foreclosed properties into opportunities | Foreclosure Philippines http://www.foreclosurephilippines.com/2009/07/how-i-estimate-market-values-of-foreclosed-properties.html#comment-1572 How to turn listings of foreclosed properties into opportunities | Foreclosure Philippines Fri, 02 Apr 2010 10:16:09 +0000 http://localhost/wordpress/?p=206#comment-1572 [...] For more information on how to check for rental rates, read this article: How I estimate market values of foreclosed properties [...] [...] For more information on how to check for rental rates, read this article: How I estimate market values of foreclosed properties [...]

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