Comments on: Manage your finances to get ready for your first real estate deal! http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.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: How NOT to invest in foreclosures — Foreclosure Investing Philippines http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-6936 How NOT to invest in foreclosures — Foreclosure Investing Philippines Mon, 07 Nov 2011 16:35:27 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-6936 [...] investing.There should really be no need to use one’s entire life savings if one is able to manage their finances well. I believe that financial literacy is a prerequisite to real estate investing.3. Always do your [...] [...] investing.There should really be no need to use one’s entire life savings if one is able to manage their finances well. I believe that financial literacy is a prerequisite to real estate investing.3. Always do your [...]

]]> By: Louis http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2015 Louis Tue, 02 Nov 2010 06:21:14 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2015 I am also thinking of venturing in real estate. My former co-worker and friend is now working with SMDC. SM Development Corps. current project is SM Blue Residences in the intersection of Katipunan Ave. and Aurora Blvd. If interested you can contact Agnes Orengo at +63 9064922512 / +63 9083754256 for more info. Site is good investment for student rental units since it is within the areas of Ateneo, PSBA, Mirriam, and UP. I am also thinking of venturing in real estate. My former co-worker and friend is now working with SMDC. SM Development Corps. current project is SM Blue Residences in the intersection of Katipunan Ave. and Aurora Blvd. If interested you can contact Agnes Orengo at +63 9064922512 / +63 9083754256 for more info.

Site is good investment for student rental units since it is within the areas of Ateneo, PSBA, Mirriam, and UP.

]]> By: Louis http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2014 Louis Mon, 01 Nov 2010 08:19:04 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2014 Wow that is a lot of reading, but as they say it is more expensive to be financially ignorant. So read and attend seminars if you can, surf the net for free e-books, blogs, and other sources. Learn and apply Wow that is a lot of reading, but as they say it is more expensive to be financially ignorant. So read and attend seminars if you can, surf the net for free e-books, blogs, and other sources. Learn and apply

]]> By: Derick Jones http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2013 Derick Jones Wed, 30 Jun 2010 12:19:03 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2013 Excellent post. I keep forgetting to check out Rich dad poor dad. I work as a web designer and earn extra income for my tutoring services on an online learning marketplace (U-2-Me).You might want to check it out. I have included the link with my name. Doing everything I can really to get that first deal. Excellent post. I keep forgetting to check out Rich dad poor dad. I work as a web designer and earn extra income for my tutoring services on an online learning marketplace (U-2-Me).You might want to check it out. I have included the link with my name. Doing everything I can really to get that first deal.

]]> By: How I track my expenses and manage my money | Foreclosure Philippines http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2012 How I track my expenses and manage my money | Foreclosure Philippines Mon, 03 May 2010 19:01:15 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2012 [...] This is the third part of a series on Managing Finances. If you have not read the first 2 parts, head on over to Part 1 and Part 2! [...] [...] This is the third part of a series on Managing Finances. If you have not read the first 2 parts, head on over to Part 1 and Part 2! [...]

]]> By: An invitation to Bo Sanchez’ How To Become Truly Rich Seminar and Why we need to fail! | Foreclosure Philippines http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2011 An invitation to Bo Sanchez’ How To Become Truly Rich Seminar and Why we need to fail! | Foreclosure Philippines Tue, 26 Jan 2010 03:42:42 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2011 [...] mentioned in my post: Manage your finances to get ready for your first real estate deal, I was able to conquer feelings of frustration and continue on my quest for financial freedom when [...] [...] mentioned in my post: Manage your finances to get ready for your first real estate deal, I was able to conquer feelings of frustration and continue on my quest for financial freedom when [...]

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2010 Jay Castillo Wed, 20 Jan 2010 04:47:11 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2010 That's the way to do it, start early and decisively! Just like Bryan, I only wish you the best and hope and pray that you will achieve all your goals. As for the financing aspect, I really did everything by the book, I really had to pass the bank's credit investigation and used bank financing for the foreclosed properties I purchased. I guess what matters is you make sure you analyze a property very well, meaning you make sure that the numbers say that the property is worth buying as it will produce a nice positive cashflow. Maybe I'll tackle other forms of creative financing once I am able to try them so I can give first hand experience. :-) That’s the way to do it, start early and decisively! Just like Bryan, I only wish you the best and hope and pray that you will achieve all your goals.

As for the financing aspect, I really did everything by the book, I really had to pass the bank’s credit investigation and used bank financing for the foreclosed properties I purchased.

I guess what matters is you make sure you analyze a property very well, meaning you make sure that the numbers say that the property is worth buying as it will produce a nice positive cashflow.

Maybe I’ll tackle other forms of creative financing once I am able to try them so I can give first hand experience. :-)

]]> By: Reader Q and A #1: How can I apply for a loan and thus finance my first deal? | Foreclosure Philippines http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2009 Reader Q and A #1: How can I apply for a loan and thus finance my first deal? | Foreclosure Philippines Tue, 19 Jan 2010 08:05:59 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2009 [...] you will still need to save for the downpayment. I suggest that you start managing your money NOW! I believe learning how to manage money is a prerequisite to starting to invest in foreclosed [...] [...] you will still need to save for the downpayment. I suggest that you start managing your money NOW! I believe learning how to manage money is a prerequisite to starting to invest in foreclosed [...]

]]> By: joi 429 http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2008 joi 429 Thu, 14 Jan 2010 14:37:12 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2008 sir jay and sir bryan, this is kind of out of the topic already but i didn't know where to share it, so i'll just post it here.hope you wouldn't mind. :) i bought tracy tajano's "think rich- quick". and i tried acting on what i have read there. i texted everyone that i am involved in real estate, i buy and sell houses even though i haven't started yet. so one of my friends has been selling their house for quite a while now, and i inquired about it. her family is still selling it, and i said i'll help her find a buyer. i am trying tracy's wholesaling technique. now i don't quite know what steps to take, so i first asked her the asking price. i don't know what to do next! i need your help. should i bring a broker or agent? how do i deal with the document stuffs? so this is my first shot at real estate. it doesn't really matter if i make money on it, what i want to have is the experience. joi sir jay and sir bryan,

this is kind of out of the topic already but i didn’t know where to share it, so i’ll just post it here.hope you wouldn’t mind. :)

i bought tracy tajano’s “think rich- quick”. and i tried acting on what i have read there.

i texted everyone that i am involved in real estate, i buy and sell houses even though i haven’t started yet.
so one of my friends has been selling their house for quite a while now, and i inquired about it. her family is still selling it, and i said i’ll help her find a buyer. i am trying tracy’s wholesaling technique. now i don’t quite know what steps to take, so i first asked her the asking price.

i don’t know what to do next! i need your help.
should i bring a broker or agent? how do i deal with the document stuffs?

so this is my first shot at real estate. it doesn’t really matter if i make money on it, what i want to have is the experience.

joi

]]> By: Bryan Uy http://www.foreclosurephilippines.com/2009/08/manage-your-finances-to-get-ready-for-your-first-real-estate-deal.html#comment-2007 Bryan Uy Tue, 12 Jan 2010 22:44:17 +0000 http://www.foreclosurephilippines.com/?p=1039#comment-2007 Thanks Joi! Just remember that the Bible also says "Consider it pure joy whenever you face trials of many kinds...." When we don't give up on our dreams, we either get it or don't get it. But when we give up, instantly, we lose. Let us all keep dreaming!:) .-= Bryan Uy´s last blog ..<a href="http://investingpinoy.blogspot.com/2010/01/self-evaluation-tell-me-who-your.html" rel="nofollow">Self Evaluation: Tell Me Who Your Friends Are</a> =-. Thanks Joi!

Just remember that the Bible also says “Consider it pure joy whenever you face trials of many kinds….” When we don’t give up on our dreams, we either get it or don’t get it. But when we give up, instantly, we lose.

Let us all keep dreaming!:)
.-= Bryan Uy´s last blog ..Self Evaluation: Tell Me Who Your Friends Are =-.

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