I hope that got your attention! As we start 2010, I’m sure a lot of you have a lot of New Year resolutions and plans.  There’s really nothing wrong with that. However, I can’t help but throw the same question to you as I did to myself, when I started to make plans for 2010. Actually, I am throwing the same question not just to real estate investors, but also to just about everyone who happens to read this. Let me try to explain below. Read the rest of this entry

I was cleaning out my archived emails in preparation for returning my company issued laptop when I stumbled upon this very interesting story in one of my emails in my sent items. I forwarded this same story to my friends way back in January 2006, a few months after I first read “Rich Dad Poor Dad” by Robert Kiyosaki. This was the time when I experienced a paradigm shift in my head after reading the book and started to devote most of my spare time to learn all about passive income, getting out of the rat race, and financial freedom.

Although I read this story almost 4 years ago, I still want to share it with all of you here as I believe that the story clearly illustrates the difference between earned income and passive income. Enough of the chitchat, please continue reading the story below… Read the rest of this entry

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 searching foreclosed property listings, and applicable tax exemptions and pending articles about this and other taxes that apply to real estate, which I hope she finishes soon… Read the rest of this entry

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 houses in terms of house design and structure.

Investor Mindset 1… Read the rest of this entry

Robert Kiyosaki, bestselling author of “Rich Dad Poor Dad” often said that “Excuses are the words coming from the loser in you.”. I remember hearing this from one of his audio books some time ago but this has been running through my head often because there have been a lot moments lately where I notice I am making excuses when I am unable to do things which I know are essential in order for me to realize my goal of getting out of the rat race and achieve financial freedom. Read the rest of this entry

Star Properties, Inc., a member of the Star Group of companies, shall be holding a public auction of bank acquired assets entitled “The Star Auction 2009!” on November 21, 2009. Registration starts at 8:00AM and auction proper begins at 9:00AM. The public auction of Real and Other Properties Owned or Acquired or ROPOA’s will be held at Max’s Jupiter in Makati City, Philippines.  According to the ad, the full list of bank acquired assets will be released on Wednesday,October 21, 2009. You guessed it, I am featuring the complete list which I got on the said date.

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The following is an open letter to all OFW’s by one of my mentors, Trace Trajano, bestselling author of “Think Rich Quick” and a wealth coach to his students around the world, including myself. Just like my article “To all OFW’s: Need To Earn Passive Income And Come Back Home For Good? Try Foreclosed Property Investing!“, I hope this inspires you to act and pursue financial freedom and become truly wealthy.

My Dad is a Broke OFW (An open letter to all OFW’s)

Posted by Trace Trajano on October 16, 2009 at 9:14am

Kumusta na kabayan!

First, I would like to thank you for being an OFW. My dad used to be an OFW and I know the many sacrifices you are enduring right now just so that you can provide the best for your family. I admire you, I appreciate you and in my book, you are a true Pinoy hero. Read the rest of this entry

This is the second part in my series on the reflections of a real estate investor(that would be me!) after Typhoon Ondoy’s wrath. If you missed the first part, you may want to read it before reading this. You can find part one here – Reflections of a Real Estate Investor: Ondoy’s aftermath

Next I try to share what I’ve learned and become aware of as a licensed real estate broker, homeowner, and as a real estate investor in Provident Village, Marikina City, Philippines. Here goes… Read the rest of this entry

I remember a lot of comments from readers and also from people I meet in person who tell me that they are just looking for a place to live and are not really looking for a real estate investment. My default answer is “Why not treat your first home as an investment?”

In reality, once you buy a property, you become a real estate investor. Buying a home is often considered to be the biggest investment one can make so it’s best to treat it as a real investment — one which will give you reasonable returns if you do decide to turn it into a rental property or if you sell it further down the road. Read the rest of this entry