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 my earlier post, the SEC had released the draft of the REIT IRR for public comments last April 19, 2010. (more…)
This is part one of a 3-part series on the types of income one can get through 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 on actual experiences as a real estate investor. Part one tackles portfolio income through real estate investing. Here goes… (more…)
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 Free Patent Act can be found here: Free Patent Act (RA 10023) signed into law. Read the full text of the RA 10023 IRR after the jump. (more…)
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 updating [...]
Here’s another updated listing of UCPB repossessed cars for sale through sealed bidding. The repossessed vehicles can be inspected at #1 Vitales Compound, Sucat Road, Paranaque City ( beside PureGold Sucat ) from 8:30 to 5:00 p.m. Monday to Saturday and the deadline for submission of bids is on May 26, 2010, 4:00PM. [...]
Just found this listing of foreclosed properties for sale and this includes foreclosed properties from Batangas, Bulacan, Cavite, Palawan, and Antipolo/Rizal. If you will notice, the properties are not for public auction as the foreclosed properties listed here are for negotiated sale. Interested parties just need to submit their offers.
Just got this e-mail invitation for BUENA MANO’s SUMMER CAR BIDDING BONANZA and thought of sharing it here. The Buena Mano car bidding bonanza runs from May 16 to 24, 2010 and the deadline for submission of bids will be on May 24, 2010, 5:30PM. Opening of bids will follow on May 25, [...]
I have been so busy lately with the title transfer of a foreclosed property that I purchased and I realized that it would be better if I just outsourced the title transfer to someone else. The amount of time that I have already allocated for this could have been put to better use finding more [...]
If you are looking for UnionBank Philippines properties for sale, you’re in luck. Unionbank Philippines‘ 153rd Special public auction of Luzon properties will be happening on May 22, 2010. About seventy(70) properties foreclosed by UnionBank are up for grabs in this coming public auction. Please see the auction announcement below for more details.
Here’s another listing of bank repossessed cars for sale from RCBC Savings Bank’s “Great deals on used wheels” pre-owned car sale. This sale runs from May 10 to 14, 2010 in their Pasig and Pampanga warehouses. Financing is available and the second hand cars can be purchased for as little as 20% downpayment plus low [...]
I got an e-mail reminder from Larry Gamboa’s mailing list about the Think Rich Pinoy Seminar which happens on May 15, 2010. To get more details about the seminar, please read my previous post which you can find here. Do keep in mind that the early bird fee is no longer applicable. Anyway, I would [...]
Get ready for the coolest price-offs this summer as Star Properties Inc, conducts another auction of foreclosed properties in the May 15, 2010 edition of The Star Auction 2010! The venue for this auction will be Max’s Star Mall in Mandaluyong City, Philippines. Registration starts at 9:00AM and the auction proper starts at 10:00AM. More [...]
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