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Top 10 Mistakes when Buying Foreclosed Properties/Real Estate | Real Estate Investing for Beginners

People make mistakes when investing in real estate (including foreclosed properties) and can cost a lot of money. I covered the most common mistakes in this talk. I also shared tips on how to avoid them.

This *video was taken during the TGFI Financial Literacy Summit last April 2, 2017 at the SMX Mall of Asia.

I was told I only had a few minutes left during my talk and I had to explain everything quickly. I can expound on these in other videos.

Of course, these are just the top mistakes I wanted to discuss in the small time I was given. In the future, I can tackle more real estate investing mistakes that should be avoided.

Subscribe to get notified when I upload more videos about real estate investing/foreclosed properties in the Philippines. Click on the following link to subscribe:
👉 https://bit.ly/3dDR0e0

This is part of a playlist that covers real estate investing for beginners in the Philippines. Check out the playlist below:
👉 https://www.youtube.com/playlist?list=PLP2_sYdZucs4ytnJwXyvPgoCBKErZHpsR

===Links to resources mentioned===
Why some free ‘financial literacy’ seminars may be scams:
👉 https://news.abs-cbn.com/business/06/10/14/why-some-free-financial-literacy-seminars-may-be-scam

Maceda law (R.A. 6552):
👉 https://www.foreclosurephilippines.com/maceda-law-full-text-ra-6552/

===Timestamps===

0:00 Intro, Buying even if you really can’t afford a property

0:44 Not doing enough Due Diligence

1:08 Beginning investors fall for scams

2:17 Not looking at enough potential properties

2:41 Lack of focus

3:03 Starting too big

3:17 Not getting ready

3:30 Listening to the wrong people

4:11 Procrastination

4:42 Wasting the best time to invest in real estate

5:26 Key Takeaways

5:54 Additional resources

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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]
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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!

No thanks, already subscribed.
We take privacy seriously and we'll never spam you. Please refer to our Privacy Policy
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