Comments on: The real estate investor mindset

By: Jay Castillo

Jay Castillo — Fri, 27 Nov 2009 22:54:27 +0000

Hi Bea,

Small world kasi I attended a brokers accreditation seminar with Alveo a couple of months ago. Although Alveo is different from Ayala Land Premiere, I guess they are still in the same family under Ayala Land. Yes, I understand what you mean about the effort needed, not to mention the time, which is why I cannot focus on it at the moment. Maybe when I’m officially out of the rat race and have all the time in the world, I’ll give it a try.

Thanks for the kind words and for dropping by!

By: Jay Castillo

Jay Castillo — Fri, 27 Nov 2009 22:24:16 +0000

Hi Sam,

Thanks for the question as I’m sure a lot of people also have this in mind. Before the RESA law, to become a licensed broker, one just has to attend a duly accredited Cromprehensive Real Estate Seminar and Review or CRESR and then take and pass the licensure exam by DTI, provided one has all the requirements.

After the RESA Law was passed, the most common interpretation of the law is that one requirement to qualify for the licensure exam, which is now to be given by the PRC, is to attend a 2 or 4 year course on real estate.

I suggest we wait for the RESA Law implementing rules and regulations which should be out after about 6 months initial publication of the RESA Law. You can read more about the RESA law in my post: Real Estate Service Act of the Philippines (RESA) Signed Into Law, Real Estate Brokers’ Licensure Exam Postponed

By: Bea

Bea — Tue, 24 Nov 2009 11:58:47 +0000

Hello to everyone on the site.
I quite enjoyed reading your posts, especially the positive attitude that comes out of it and you investors.:)
To be honest, I have just started out as a property specialist at ayala land premiere, and was getting a bit disheartened because of the effort you really have to put in.
But it’s true; there is so much to appreciate and if you think about it, this is one venture where the returns will greatly outweigh what you input.
So to everyone out there, don’t lose hope!:D
If anyone’s interested in sharing in the business of ayala land premiere, don’t hesitate to contact me either.
I’ll be more than happy to support anyone in any way I can.:)

By: Sam

Sam — Tue, 24 Nov 2009 08:07:58 +0000

Hi Jay,

This is a somewhat unrelated question…

Can you share how to become a real estate broker? I have been searching the internet for information but could not really find any. I think there is some kind of seminar or class and then a test. Is this correct? Where can I take the class? What are the requirements?

Thanks for any help!

By: Jay Castillo

Jay Castillo — Tue, 17 Nov 2009 09:05:36 +0000

Thanks a lot Alexis!

By: Jay Castillo

Jay Castillo — Tue, 17 Nov 2009 07:04:35 +0000

You’re welcome leicester!

By: Jay Castillo

Jay Castillo — Tue, 17 Nov 2009 07:04:08 +0000

Hi Shiela, that happens to all of us so I guess the key is really to learn on focusing on the potential of a property and the ability to envision it after renovation. =)

By: Jay Castillo

Jay Castillo — Tue, 17 Nov 2009 06:44:31 +0000

Hi Greizze,

May I ask from where you bought that foreclosed house? We need to inform the public so that no one else will be victimized. I’ll send you an e-mail as well.

By: Jay Castillo

Jay Castillo — Tue, 17 Nov 2009 06:40:49 +0000

Hi Sanny! I look forward to seeing you there as well!

By: Jay Castillo

Jay Castillo — Tue, 17 Nov 2009 06:10:15 +0000

Hi Naya, thanks! I really hope you get inspired and start investing. Wow, you write about foreclosures in the US pero you are based here?! Ang galing! I’m sorry to learn about your failed waffle franchise pero don’t worry about it. Sabi nga ni Rich Dad failure is part of learning and not being afraid to make mistakes will lead to success. Good luck and I will also visit your hubpages!

By: Alexis Jameson

Alexis Jameson — Sat, 14 Nov 2009 09:19:36 +0000

Hi , that’s great, looking forward to reading more posts.
I really enjoyed your page so I’ll definitely keep you in my feed reader
this for future reference!

By: leicester self build

leicester self build — Fri, 13 Nov 2009 15:06:22 +0000

The real estate investor mindset

Thanks for sharing

By: sheila

sheila — Fri, 13 Nov 2009 02:18:29 +0000

all of the above!!!! =)….. a perfect description of what i always think when i passed by run down houses/bldgs and foreclosure ads…. it’s like certifying that day dreaming does make money…

By: greizze

greizze — Thu, 12 Nov 2009 15:37:24 +0000

hi poh,,my gusto lng po sna ako mlman kse bmili po me foreclose house,,wla mnlng me pnghhwakan documents kundi un memorandum of agreement at receipt lng..nbyran kna hlos un full dwnpyment at processing fee..tpos mgugulat ako my ngprenovte ndw nun properties n bnili ko it means d p pla ako 2nd buyer nun db?? hndi lng ako andmi nmin ng friends ko nloko ata nila kse wla tlga sila bnbgay n documents khit ano.. hope mail nio me pra mkakuha me advise wat will i do,mlyo po kse ako now.. eto po mail add ko greizze03_japan@yahoo.com
thnax po

By: sanny

sanny — Thu, 12 Nov 2009 04:12:35 +0000

Jay! See you on Trace’s seminar this Dec. 12. I have registered even if I am on a very tight budget. I believe I can get a lot of knowledge from that seminar…

By: Naya

Naya — Wed, 11 Nov 2009 20:39:26 +0000

Wow, Jay, ang galing mo talaga. Parang nai-inspire uli ako papuntang real estate. I discovered your site through my freelance writing for U.S. clients. Ang topic ko kasi over the past several months ay U.S. foreclosures. Sa Google alerts ko everyday, lumalabas yong alerts mo, wow! kasabay mo yong mga alerts from Wall Street Journal New York Times, etc. Galing ng rank mo… Very informative at very inspiring yong mga articles mo, keep it up. Kung nag-invest sana ako noon sa mga katabi naming foreclosures ng Bahay Financial dito sa Muntinlupa at nearby Cavite, at hindi sa waffle franchise, sana di kami nalugi ng malaki,at sana may regular income na. May neighbor bought one, at okay siya. Kaya dati, di muna ako nagbabasa ng site mo kahit lumalabas sa alerts ko, kasi nare-remind ako about my failed investments. Pero, slowly, nai-inspire ako uli, especially now that we may have our final chance of recovering… Thanks for the articles.
Naya´s last blog ..Comment by

By: Jay Castillo

Jay Castillo — Wed, 11 Nov 2009 18:19:16 +0000

@Nhorvel and Earth, thanks!

I was inspired to write this after I visited 5 condo units early morning yesterday. The owner mentioned something like “Iba talaga pag investor ang tumitingin ng property, nakikita yung potential. Pag hindi investor, maririnig mo “Ang pangit naman…”

I suppose if you stick to doing this long enough, you will really begin to look beyond the condition of a property and see its potential and picture what it can become.

Of course everything still depends on the numbers and if the deal will make sense.

By: Jay Castillo

Jay Castillo — Wed, 11 Nov 2009 18:16:51 +0000

Hi Liza, actually you are doing better than me when I started. You actually had the guts to negotiate and give an offer to a private seller. I chose to stick with talking to banks, which I believe is easier because banks are motivated sellers.

I believe I’ve written about this but in bits and pieces so I will definitely consider your request and write a series about this. Thanks!

By: The real estate investor mindset | Foreclosure Philippines | Self Directed Investor News

Wed, 11 Nov 2009 18:15:01 +0000

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uberVU - social comments — Wed, 11 Nov 2009 11:31:38 +0000

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