It’s hard to believe it’s already been a year since I first greeted you all here with a financial independence day greeting. This time around I would like to greet you all again by sharing a story of how an Information Technology professional was able to cross-over to Real Estate investing. I hope this inspires not just IT professionals but also just about everyone out there that it can really be done.
The Money Summit and Wealth Expo 2010 promises to be the biggest wealth building and income opportunities conference in the Philippines, featuring 4 proven ways to build wealth and generate passive income. The Money Summit and Wealth Expo will be held on July 2-3, 2010, 8:30AM to 5:30PM, at the Carlos P. Romulo Auditorium, RCBC Plaza, Makati City.
But why should one attend? Let me try to give you 10 reasons… (more…)
Welcome to the third part of this series on the 3 types of income one can get through real estate investing. This was supposed to be the third and last part which is about passive income, but it has turned out to be a huge article in itself (more than 4000 words) , which is why I will have to split it in two. This will be the first half .
Before you begin reading this article, I recommend you review the first two parts about portfolio income and earned income:
How to get portfolio income through real estate investing
Earned income through real estate investing
Next we continue with passive income…
Wikipedia defines passive income as income from “trade or business activities in which you do not materially participate.” Furthermore, the IRS website defines that “in general, all rental activities are passive activities, even if you do materially participate. You materially participate in an activity if you are involved in the operation of the activity on a regular, continuous, and substantial basis.” These may sound complicated so I would rather stick to the simpler definition that passive income is income that comes in consistently without having to do much physical work. (more…)
The Professional Regulatory Board of Real Estate Service or PRBRES has announced a public hearing and consultation for the Implementing Rules and Regulations (IRR) of the Real Estate Service Act of the Philippines (RESA)/ R.A. 9646 on June 9, 2010, Wednesday, 8:30 AM, at Hall C, Philippine Trade Training Center (PTTC), Sen. Gil Puyat Ave. [...]
The 155th special public auction of Union Bank foreclosed properties is scheduled to take place on June 19, 2010, Saturday, 9:00AM, at the Delas Alas Room, 2nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines. Please see e-mail invitation below for more details.
In this post I shall be featuring foreclosed properties for sale from Philmay Property, Inc. (PPI), another exclusive from ForeclosurePhilippines.com. This listing contains close to 400 foreclosed properties that are located nationwide. Please take note that the properties on this list are for negotiated sale and are not for public auction. Yes, prices are negotiable.
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 could [...]
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 income [...]
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 [...]
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 [...]
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 [...]
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.
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