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

Last Updated on February 10, 2021 by Jay Castillo | Filed under: - 0 Comments


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:


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