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Ever since RA 9646, more commonly known as the RESA Law, took effect, getting a real estate license has become a big deal, at least for those who don’t want to violate the RESA Law. But how do you verify if someone has a valid real estate broker license or realtor license? I believe one [...]
Due Diligence
I visited the Registry of Deeds in Binangonan a couple of weeks ago and on my way there, I noticed something that every real estate investor or anyone buying a property should watch out for as part of due diligence, BEFORE buying a property in any area – floodlines! Incoming search terms: hazard map of [...]
While there are so many real and legitimate opportunities out there, there are also a lot of scams. Sooner or later, you will encounter what may seem to be a very enticing investment opportunity, but you need to be prepared to discern what is real and what is not. Be ready to ask the right [...]
So you have announced to the world that you are now a real estate investor, and suddenly, everyone has a property they want to show to you. This often happens to me, and can also happen to you as follows. A friends calls and says “Hey Jay, I found a foreclosed property for sale and [...]
Do you really wan’t to know the bad side of real estate investing? Although I believe it’s not a good idea to focus on the bad because we attract more of what we focus on, we should still be aware of the risks in order to be able to effectively avoid or manage them. Incoming [...]
*Last updated on January 1, 2011, 11:00am As 2010 comes to an end, I can’t help but look back and list down just some of the most significant and sometimes painful lessons I personally learned during the past year. I hope these lessons would help us all move forward in 2011.
I just realized something when I inspected a foreclosed property recently and I would like to share it here. While doing inspections of foreclosed properties as part of due diligence, always check the condition of the service entrances for utilities like the electricity and water. I failed to do this twice for foreclosed properties I [...]
I would like to share an updated list of Metrobank Acquired Assets for sale as of May 19, 2009 covering the Metro Manila Area. Actually I received this listing of foreclosed properties from Metrobank’s Acquired Asset Management & Disposition Group (AAMDG), after my wife requested a copy of the listing via e-mail. I received the [...]
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