Foreclosure Investing Philippines — Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more!

A busy yuppie that wants to have more time and money

by Sha Nacino June 2, 2010 Financial freedom 8 comments

A guest post by Sha Nacino For the past few weeks, I have been on a six-day work week. This set-up really drained my energy. Most importantly, it made it impossible for me to go home to our province, a 10-hour bus ride from Manila. I miss my family so much! How I wish I [...]

Read the full article →

Earned income through real estate investing

by Jay Castillo May 31, 2010 Real Estate Investing 24 comments

This is the second part of a series on the three types of income one can get through real estate investing. If you missed the first part, please read it before reading this. You can find part one here – How to get portfolio income through real estate investing Earned income is the type of [...]

Read the full article →

You are invited to a "BUILD AND SELL MENTORING COURSE"

by Jay Castillo May 30, 2010 Real Estate Seminars 2 comments

One of my mentors, Engineer Enrico Cruz, will be having a second run of his “Build and Sell Mentoring Course”, details of which can be seen below. Just wanted to share this to all readers and subscribers of Foreclosure Investing Philippines who may be interested in becoming a developer as I have already received a [...]

Read the full article →

If you hate rich people, then you just might never become rich…

by Jay Castillo May 29, 2010 Mindsetting 26 comments

I remember exactly two years ago when I was still in the rat race, while I was getting coffee during break time, I heard some of my officemates talking about people who were rich like they were the scourge of the earth. It was like they were blaming rich people for their woes which in [...]

Read the full article →

More than 9,000 properties foreclosed by GSIS to be disposed under their GMA HeLPs program

by Jay Castillo May 28, 2010 GSIS 7 comments

As promised, I am featuring the latest listing of properties foreclosed by the Government Service Insurance System or GSIS. The GSIS is selling these foreclosed properties under their GMA HeLPS program which stands for Garantisadong Mababang Amortization na House En Lot Para Sa’yo (Guaranteed low amortization house and lots for you). I just wonder if [...]

Read the full article →

Sealed bidding of prime properties foreclosed by PNB and Allied Bank slated on May 28, 2010

by Jay Castillo May 26, 2010 Allied Bank 2 comments

A joint public sealed bidding for prime properties foreclosed by Philippine National Bank (PNB) and Allied Banking Corporation has been slated on May 28, 2010, Friday, at 9:00am. The public sealed bidding will be held at the 9th floor, PNB Financial Center President Diosdado Macapagal Boulevard, Pasay City.

Read the full article →

Approved Implementing Rules and Regulations (IRR) of the REIT Act of 2009 released by the SEC

by Jay Castillo May 25, 2010 RA 9856 - REIT Act of 2009 4 comments

A post by Cherry Castillo The Securities and Exchange Commission (SEC) has approved last May 13, 2010, the Implementing Rules and Regulations or IRR of the Real Estate Investment Trust or REIT Act of 2009, also known as Republic Act 9856, An Act Providing the Legal Framework for Real Estate Investment Trust. As mentioned in [...]

Read the full article →

How to get portfolio income through real estate investing

by Jay Castillo May 24, 2010 Real Estate Investing 24 comments

This is part one of a 3-part series on the types of income one can get through in real estate investing. Rather than write another 3000+ word nosebleed article, I’ll break it down into three parts which should be more manageable and easier to digest.

Through this series, I hope to help beginning real estate investors by sharing my thoughts and ideas for each type of income, based mostly in actual experiences. You continue reading after the jump…

Read the full article →

Free Patent Act (RA 10023) Implementing Rules and Regulations

by Jay Castillo May 22, 2010 RA 10023 - Free Patent Act 9 comments

The following is the full text of the Implementing Rules and Regulations (IRR) for Republic Act No. 10023, otherwise known as an Act Authorizing the Issuance of Free Patents to Residential Lands or The Free Patent Act. RA 10023 was signed into law by President Gloria Macapagal-Arroyo last March 9, 2010. Salient features of the [...]

Read the full article →

BIR to fast track the revision of the schedule of zonal values of real properties nationwide

by Jay Castillo May 21, 2010 Property Valuation 5 comments

A post by Cherry Castillo In my earlier post, I noted that the BIR has been releasing issuances showing that they are keen on collecting more revenues from real property transactions by updating real property values. I also noted from the BIR’s Memorandum of Agreement with CREBA Land that the BIR’s target date for the [...]

Read the full article →