Real estate

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 [...]

I found this very interesting advertorial in the in-flight magazine of the Cebu Pacific flight we took in our recent Boracay vacation and I just want to share it to all of you here, along with my insights and opinions. The advertorial which I am posting below is from The Property Forum Philippines, one of [...]

The Philippine National Bank – Special Assets Management Sector (PNB-SAMS) shall be having a property auction on September 17, 2009, Thursday, 2:00 P.M., at the Grand Men Seng Hotel, Magallanes-Alda Streets., Davao City Philippines. The bank foreclosed properties for auction include properties from Davao del Sur, Davao Oriental, Cotabato, Compostela Valley, and South Cotabato. Incoming [...]

This is the third part of a series on Managing Finances. If you have not read the first 2 parts, head on over to Part 1 and Part 2! In part 2 of my series of posts on managing finances, I mentioned that I would be discussing more about how I tracked my expenses and the tools I used to do these. [...]

What is Transfer Tax?

by Jay Castillo on August 11, 2009 · 29 comments

in Transfer Tax

A transfer tax is imposed on tax on the sale, donation, barter, or any other mode of transferring ownership or title of real property at the maximum rate of 50% of 1% (75% of 1% in the case of cities and municipalities within Metro Manila) of the total consideration involved in the acquisition of the [...]

Republic Act (R.A.) No. 9646, or The Real Estate Service Act of the Philippines which is more commonly referred to as the RESA law has been signed into law by president Gloria Macapagal-Arroyo last June 29, 2009. As mentioned in this article, it hopes to professionalize and regulate the practice of real estate in the [...]

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 [...]

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. Incoming search terms: vat on sale [...]

I am featuring an e-mail I received through the mailing list of Larry Gamboa, author of the book “Think Rich Pinoy!”, with regards to two things I am very passionate about, Real Estate Investing and Internet Marketing. I’ll explain more about these in a bit but before that, I am reprinting the whole e-mail below [...]

At least that’s the way I look at it. My purpose for making money through foreclosed property investing is not really just about having lots of money or getting rich, its about having the freedom to do the things that are truly most important in life, without worrying about where to get money to provide [...]