[Video] What are the advantages with investing in foreclosed properties (and other frequently asked questions)

What are the advantages with investing in foreclosed properties as compared to other properties out there? This is just one of the many frequently asked questions I answered in a recent interview at The Bro Show. Details below.

My friend Doods Tuason (DJ Doods) and the rest of the gang at The Bro Show had me as their guest a few weeks ago, and we covered a lot about foreclosed properties and real estate investing.

Topics covered

To give you an idea, here are just some of the questions/topics we covered:

Tips for getting the maximum return on investment and selling fast when flipping foreclosed properties
What to check (Title/Tax Declaration) as part of due diligence?
Tips for getting the best housing loan
Tips for doing renovations for a foreclosed property
How buying overpriced properties can lead to foreclosure during hard times (like this pandemic)?
And so much more…

Here’s the entire video

(Note: you can directly go to a topic/question using the timestamps below the video)

By the way, if you found this video helpful, please give it a like in YouTube so it can reach and help more people. Thanks!

Timestamps

0:00 Bro show intro

0:30 Sponsors

1:28 The hosts

2:20 Random questions

5:33 How the book Rich Dad Poor Dad inspired me to start with real estate

6:34 The book Think Rich Pinoy by Larry Gamboa

8:08 Why your first real estate deal is so important

9:27 What are the advantages with buying foreclosed properties?

11:15 Signs that there will be a lot of foreclosures coming due to the pandemic

11:31 Possible effects of too many foreclosed properties

11:58 Why you should look at all property sources (not just foreclosed)

12:47 How to identify “Good” properties

15:41 What to check (Title/Tax Declaration) as part of due diligence

19:34 Tips for getting the best housing loan

22:29 A big bank that did not approve our loan even with all requirements

22:42 Another bank that approved our loan even if the property we purchased had issues

24:56 Tips for doing renovations for a foreclosed property

28:17 Tips for getting the maximum return on investment and selling fast when flipping foreclosed properties

29:09 How to get the right selling price when flipping properties

30:14 Why you make money when you buy (not when you sell)

30:53 How buying overpriced properties can lead to foreclosure during hard times (like this pandemic)

32:43 How to learn more about real estate investing for free

34:06 Key take-aways

About The Bro Show

The BroShow is a Radio Program based in Guam USA that talks about anything and everything under the Pinoy and Guam sun! Visit their YouTube channel using the link below: