The 6th Philippine Real Estate Festival kicked off yesterday at the World Trade Center in Pasay City, and I look forward to the talk of Mr. Noli “El Subastahero” Alleje about investing in foreclosures, which happens tomorrow, July 28, 2012, at 1pm. His talk is entitled “How to invest in foreclosures, Secrets Revealed”. Please keep in mind that this is for free… it does not get any better than this!
Actually, I bumped into sir Noli last week at the Money Summit and Wealth Expo 2012 (I gave a free 30-minute talk at the expo about Real Estate Investing 101) and during those 5 minutes we talked, I already learned so much about the current situation with foreclosed properties from banks. Sir Noli had to go because he was going to talk at the conference. I was not able to hear him speak because my own talk at the expo was also about to start, and then I had to rush home afterwards.
Now I can’t wait to learn more from his talk tomorrow at the Philippine Real Estate Festival 2012 or PREF. I’ll be heading over to the PREF 2012 after the 188th UnionBank foreclosed properties auction which also happens tomorrow.
What to expect at the Sixth Philippine Real Estate Festival?
Aside from sir Noli’s talk, PREF 2012 has a jam-packed program which includes more than 20 speakers and 5 plenary sessions where attendees can learn from real estate industry experts. I look at these as free real estate seminars from some of the best players in the real estate industry in the Philippines. You can checkout the program here.
Of course, you can also visit the booths of participating exhibitors from the property sector. As usual, I plan to go there to get the latest listings of foreclosed properties from participating banks, and visit friends and partners in the real estate business.
Sorry for the short notice…
Sorry for the late posting, I was supposed to feature this as early as June but if you have read a recent post of mine, you will know why I haven’t been updating foreclosurephilippines.com as often as I normally would.
Anyway, I promise to make up for it in next year’s Philippine Real Estate Festival 2013… but before that, I hope to see you at the PREF 2012!
Happy learning!
~~~
To our success and financial freedom!
Jay Castillo
Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
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Hi, I'm 
sayang sir! gusto ko pa naman pag aralan on how to invest in this kind of property, late ko na nabasa, free pa naman! hahaha.. di bali, may next time pa naman siguro
Hi Jay,
I missed the Philippine Real Estate Festival 2012 and the talk on how to start investing in foreclosures. I really want to learn more about this business/investment. When is the next talk/seminar on “how to start investing in foreclosure”?
Thanks! Love the site by the way, great job!
Carlo
We are interested in trying our luck in starting an investment with foreclosures of either 1-2 BR condos or single homes. Can you guide us through? We live here in California and looking to retire in the Phils. part time…. meaning back and forth US and Phils.. Thank you.
Hi Jhay,
I saw your presentation at the Money & Wealth Expo 2012. You said you’ve had 22 deals so far. I’ve been reading about foreclosure investing and my question is, “Why do banks allow you to have so many ‘loans’ (22?)? Can you pls explain how it works? I know banks dont do CI for forecl;osure auctions but how many ‘loans’ can you take? What if you default in one or several of them?
Thanks for your help.
Hi Carla, as mentioned during my talk, only 4 were my own properties, the rest of the deals were either done through brokerage (I acted as a real estate broker and sold properties directly to buyers) or through tie-ups with other brokers/investors, hence I did not buy them and I no longer had to get a loan for any of them. On the contrary, the bank where I purchased my fourth property already cautioned me that my net disposal income might no longer be enough, which is very wise of them to do. They wanted to make sure that I will not over extend myself with loans to the point that I might default on any or all of them. After that, I stopped buying and instead I now focus on real estate brokerage which I use to raise capital and also establish my credit worthiness so that I can start buying properties again with leverage, and also to pay-off my other remaining loans at the same time. I hope this helps. Cheers!
This is some great advice. Real estate is such a risky investment (thus the many foreclosures) raising capital to buy the properties is probably the best way to go. Of course, it does take experience as a worthy investor to become a broker but once you get going this is the logical next step.