Home » Real Estate Investing » [Video-Tagalog] 30+ Beginner Questions About Foreclosed Properties w/ tips, advice, and examples

[Video-Tagalog] 30+ Beginner Questions About Foreclosed Properties w/ tips, advice, and examples

“If I find a foreclosed property, should I ask If someone committed suicide inside the property?”

“How deep a discount can you get when buying a foreclosed property vs. pre-selling?”

“Saan mas maganda bumili ng foreclosed houses – banks o PAG-IBIG?

These are just a few of the 30+ questions beginners often ask about foreclosed properties, which we answered during a livestream. Good news, a video recording is available! Watch it below.

This is in tagalog, parang nagkwentuhan lang kami, kulang na lang beer (It was like a beer drinking session minus the beer). 🙂

Here’s the video recording for you (refer to timestamps below the video to jump to a question).

Timestamps:

2:52 – Start of Live Stream

10:32​ – Wealth Arki welcomes Mr. Jay Castillo of ForeclosurePhilippines.com

​15:19​ – Ano ba ang ibig sabihin ng “Foreclosed Property”?

17:37​​ – Bukod sa banks, may iba pa bang source ng foreclosed properties?

18:42​​ – Paano malalaman kung ano yung mga na-foreclose na property? Paano makakuha ng listahan?

21:20​​ – Kung may dalawang tao na nagka-interesado sa isang property sa website www.foreclosurephilippines.com, sino ang uunahin sa kanila?

22:35​​ – Itong PHP1.2M na nasa website, ito na ba ang cash price ng property?

23:10​​ – Ano pa yung iba’t ibang set-up sa pagbili ng foreclosed properties?

23:49​​ – Paano ko isu-submit ang offer ko sa Public Bidding o sa Negotiated Sale?

24:20​​ – May bayad ba pag magbibigay ng offer?

25:31​​ – Bukod sa bangko at sa PAG-IBIG, saan pa ba okay na tumingin ng foreclosed properties? (More entities similar to SPV’s will sell foreclosed properties because of the new FIST law)

27:48​​ – Kung ako ang nanalo sa bidding, pwede ba ako mag-apply ng loan sa bangko para bilhin ang property?

28:24​​ – Yung selling price ba ng property is not any more the original market price? Pag foreclosed, yung balance na lang ng property ang ilalagay nila na price tag?

30:28​​ – If I want to have an exposure on real estate, when should I go for foreclosure or brand-new property or for sale by owner, etc. (which is better)?

32:08​​ – Bakit ako nagsisi dahil isang property lang ang tinignan namin nuon (Bakit parang relasyon ang pagbili ng real estate). 🙂

34:00​​ – What type of investor should you be to go for foreclosed property instead or pre-selling, etc?

35:44​​ – Tip: Paano malaman alin ang mas sulit pag may nakita kang foreclosed at pre-selling (based on actual data)

38:57​​ – Paano malalaman yung market value ng isang property? Kailangan ba ng taga-appraise?

42:49​​ – How deep of a discount can you get in a foreclosed property vs. pre-selling?

44:37​​ – How long will it take before I can move-in to the foreclosed property I purchased?

47:25​​ – Kapag may Nakita ba ako na foreclosed, kailangan ko tanungin kung may nag-suicide?

50:38​​ – Pwede ka ba tumawad sa bank dun sa listed price ng property?

51:46​​ – Aside from the price, ano pa ang mga dapat malaman para masabing good buy itong property na ito?

53:47​​ – How much po kaya ang starting capital kapag bago pa lang sa real estate and target ang foreclosed properties?

54:47​​ – Saan mas maganda bumili ng foreclosed houses – banks o PAG-IBIG?

58:06​​ – Pwede mo ba i-enforce yung mga marshall or sheriff sa pagpapa-alis ng illegal occupant? Does it work?

59:10​​ – Kung bibili ako ng foreclosed property, pwede ko ba siya i-apply na PAG-IBIG loan?

1:00:14​​ – Hi po. Any private institute owned Foreclosed Propoerties? Many? Or few? What are the requirements?

1:02:12​​ – May nabili ako foreclosed property. Maganda ba ipa-rent-to-own siya?

1:06:00​​ – Ano mas maganda pa-rent o flip?

1:09:32​​ – Maliban sa location, ano pa ang ibang tips o criteria na dapat tingnan kapag bibili ng property na ang goal ay papa-upa niya?

1:12:07​​ – Will you advise someone to buy a property in Laguna with a goal to have it rented-out, but the owner does not live near that property? (Absentee-Owner)

1:15:12​​ – Magkano ba ang starting capital?

1:16:55​​ – Magkano magparenovate?

1:18:05​​ – Hi sir Jay. Yung mga nagbebenta ng property na Rights lang walang Title, okay po ba yun?

1:21:10​​ – Okay po ba yung mga pasalo? Madali lang po ba yun malipat yung pangalan sa buyer?

1:24:50​​ – Bakit mas madali ma-approve ang loan sa PAG-IBIG pag RFO vs Foreclosed Properties?

1:25:56​​ – Ano po ibang option kung di po ma-approve loan sa bank or PAG-IBIG pag foreclosed property?

1:28:01​​ – Architect agrees that Php5,000/sqm for renovation is okay.

1:28:39​​ – Mga ilan years ang return of investment sa rental ng foreclosed property na ideal?

1:32:06​​ – Please visit www.foreclosurephilippines.com to see listings of foreclosed properties.

1:35:46​​ – “Kung bibili kayo ng property, damihan niyo yung titignan niyo. Dapat collect data and select (para hindi magsisi).” -Mr. Jay Castillo

1:39:10​​ – End of Live Streaming

Want Part 2?

Before anything else, I would like to thank Rienzie Biolena (he’s the president of Wealth Arki), Fitz Villafuerte (he’s my “batchmate” when it comes to blogging and he started “Ready To Be Rich” (www.fitzvillafuerte.com) a few months ahead of me when I started my own blog), and Marion Evangelista, for having me as their guest. I had a great time answering all their questions!

Anyway, I noticed a number of people in the live-stream (and also in the youtube comments) are requesting for part 2. How about you?

Let us know by leaving a comment below and tell us what you want us to cover next. Of course, I can also answer individual questions by making separate videos in my own youtube channel.

About Wealth Arki

Wealth Arki is a Philippine-based company, which aims to help people achieve wealth through proper financial planning and money management. Their YouTube channel is dedicated to sharing our Money Insights & Advice for Filipinos so that they can achieve financial freedom and make their dreams and aspirations a reality.

Visit their youtube channel with the following link: https://www.youtube.com/channel/UCdKGxOZudDvuIxQWz9ljAPw

Photo of author
About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!
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Tired of looking for foreclosed property listings from banks and financial institutions?

Here's the solution...

WE FIND LISTINGS OF FORECLOSED PROPERTIES SO YOU DON'T HAVE TO!

Join over 100,000 smart real estate investors who receive updated foreclosed property listings, public auction schedules, and real estate investing tips via email, it's free!

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