While I have said in the past that it would be great to buy a house and treat it as an investment, I want to take it a step further. What if instead of buying a house outright, one would first buy an income generating asset that would generate positive cashflow and help take care of the monthly amortizations of the house that one would then buy afterwards? Read the rest of this entry

Post by Cherry Castillo

Oh yes ladies and gentlemen, I am on a roll! Today we have the PSBank Foreclosed Property Listings for Metro Manila, Luzon, Visayas and Mindanao, updated as of November 18, 2009. I got these listings from PSBank’s website, the link to which I found from the Ultimate List of Bank Websites. Keep in mind that these foreclosed properties are for negotiated sale. Read the rest of this entry

Property Forum Philippines shall be conducting a “Thanksgiving Auction” of foreclosed properties on November 28, 2009 at Max’s Parksquare, Glorietta, Makati City, Philippines. Registration starts at 8:00AM and the auction proper starts at 9:00AM.

Keep in mind that the foreclosed properties can be purchased for as little as 10% downpayment. A pre-auction reservation fee of Php25,000 per property is required.

The auction is to be conducted by Noli “El Subastajero” Alleje. Read the rest of this entry

A guest post by Samantha from MortgageFit

Taking out the right kind of mortgage can be a harrowing experience unless you know your mortgage requirements well. Many consumers take out mortgages only to repent later as they are unable to negotiate with mortgage lenders on favorable terms. It is best to walk into your lender’s office and talk it out at length about your finances. Talking directly to the mortgage lender has an edge over online mortgages. Read the rest of this entry

My wife Cherry continues from her recent post by sharing an updated listing of foreclosed properties from Metro Manila which she recently got from Philippine National Bank’s Special Assets Management Group.

You may recall that we posted last November 17, 2009, the list of acquired assets of PNB for Metro Manila, which was updated as of September 30, 2009. I had actually received the listings through e-mail last November 11, 2009 but my husband was not able to post them immediately, which is why we are posting this update. Read the rest of this entry

My wife Cherry continues from her recent post by sharing listings of acquired assets which she recently got from the Acquired Assets Division of China Banking Corporation.

In my research to find our new house, I have gone through the Chinabank acquired assets listing in our site. I inquired about a property in the May to June 2009 listing which we posted in July. It was still available! Just goes to show that just because the listing is already old, it doesn’t mean that all properties there have already been sold. The Asset Management people gave me an updated list of their foreclosed properties in Excel, which I am now sharing to you. Read the rest of this entry

My wife who has become so obsessed with finding a new house we can call our home shares updates on what we are thinking of doing with our old house that was devastated by Ondoy, what things to consider, our target locations, finding not just a house but also a sound real estate investment by searching foreclosed property listings, and applicable tax exemptions and pending articles about this and other taxes that apply to real estate, which I hope she finishes soon… Read the rest of this entry

I’m sure a lot of you out there have been patiently waiting for new listings of foreclosed properties and here is a bunch from Philippine National Bank (PNB). My wife got these foreclosed property listings after she requested for them through e-mail.

Don’t forget to use as reference the “title id number” of the property that you wish to inquire. Furthermore, the people from PNB requests interested parties to prioritize a maximum of 5 properties per inquiry.

Before anything else, here are the guidelines in acquiring foreclosed properties from PNB: Read the rest of this entry

I first played Rich Dad’s Cashflow 101 game way back in 2007, after I found Think Rich Pinoy Seminar attendees who organized their own cashflow 101 game sessions. I was hooked ever since. I play cashflow 101 whenever I get a chance to do so as part of “sharpening the saw”. I believe that the cashflow 101 game effectively simulates one’s  journey out of the rat race and I would like to share here what I have learned from playing what I consider to be a “life changing game” and its practical applications in real life.

Here goes my Top 7 lessons learned from playing Rich Dad’s cashflow 101 game… Read the rest of this entry