Filed under Real estate investing by Jay on May 24, 2010 at 1:09 pm
21 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…
Full Story »
Filed under Lessons learned, Real estate investing by Jay on May 14, 2010 at 10:57 am
69 comments
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 [...]
Full Story »
Filed under Acquired assets, Foreclosed properties by Jay on March 2, 2010 at 10:15 am
no comments
The Property Forum Philippines will be having another auction of foreclosed properties entitled “El Subastajero’s Choice Auction”. One odd thing I noticed however is that there was neither any date nor time indicated in the auction announcement. I believe these details are too important to be left out so I was thinking they might have [...]
Full Story »
Filed under Acquired assets, Foreclosed properties by Jay on February 2, 2010 at 12:39 am
2 comments
As mentioned in my recent post about PNB’s Asset Gazette for January 2010, Property Forum Philippines will be conducting a series of “New Moon” auctions of foreclosed properties that coincide with the actual dates of the “New Moon”. This particular auction will be held on February 13, 2010, at Max’s Restaurant, Jupiter St., Makati City, [...]
Full Story »
Filed under Acquired assets, Foreclosed properties by Jay on January 11, 2010 at 3:00 pm
5 comments
Everyone is invited to buy foreclosed properties from Unionbank’s 148th Special Public Auction on January 23, 2010, Saturday, 9:00 AM, at the Delas Alas Room, 2nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines.
Only 10% downpayment is required, with the balance payable up to 15 years, with fixed interest rates at 13% per [...]
Full Story »
Filed under Real estate investing, Reflections of a real estate investor by Jay on December 18, 2009 at 2:20 am
21 comments
During our lunch break at the office yesterday, I begged off from doing something which I have dreaded for the past 12 years in the corporate world, Christmas party presentations! You might be asking what the heck does this have to do with investing in foreclosures in the Philippines? Read on to find out.
Full Story »
Filed under Acquired assets, Asiatrust by Jay on December 8, 2009 at 11:30 am
no comments
Post by Cherry Castillo
In my research on foreclosed properties which I found on bank websites from my husband’s post: Ultimate List of Bank Websites, I became interested in a foreclosed property from Asiatrust Bank which was located at Pinaglabanan Ext., San Juan, priced at around P1.5M so I called up their Acquired Assets Group. Unfortunately, [...]
Full Story »
Filed under Real estate investing, Site Updates by Jay on November 20, 2009 at 9:07 am
28 comments
My wife who has become so obsessed with finding a new house we can call our home shares updates on what we are thinking of doing with our old house that was devastated by Ondoy, what things to consider, our target locations, finding not just a house but also a sound real estate investment by [...]
Full Story »
Filed under Mindsetting, Real estate investing by Jay on November 11, 2009 at 12:48 pm
25 comments
Scenario: A foreclosed property looks ugly because it has not been maintained for quite a long time, it obviously needs repairs, it is dirty and stinks, and looks like a house that does not belong to the neighborhood because the surrounding houses look okay, although the house is really not that different from the other [...]
Full Story »
Filed under Real Estate Taxation, Value Added Tax by Jay on June 1, 2009 at 11:00 pm
15 comments
Assuming that you already have a property which you intend to sell or lease out, it is important to know whether or not VAT applies to your real estate transactions, and how you can avoid the imposition of VAT. Same goes if you intend to buy a foreclosed property.
Full Story »