The “How to buy foreclosed properties (that are profitable)” training is literally a step-by-step where you get everything you need to actually invest in profitable foreclosed properties
This is a proven, complete step-by-step digital (plus “in-person”) training course that walks you through exactly how to find, analyze, buy, renovate, and sell/lease real estate (with focus on foreclosed properties from banks).
No hype, no fluff, no kidding!
It is literally a step-by-step where you get everything you need to actually invest in profitable properties
In addition to the “Core modules”, I also have additional “Advanced” modules that cover the nitty-gritty of advanced stages of a real estate deal, and these are also step-by-step!
Backed By 30-Day Money Back Guarantee
I have poured out all my knowledge gained from experience, and I held nothing back in this training. It is my hope that it will empower you to get started with investing in foreclosed properties.
If, however, you are not happy with the training, please let me know by sending an email to firstname.lastname@example.org within 30 days, and I will return your money, no questions asked.
~ Jay Castillo ~
Who is this training for?
IF YOU ANSWERED YES TO ANY OF THE QUESTIONS ABOVE, THEN YOU NEED THIS TRAINING!
Who is this training NOT for?
If you’re the type of person described above, then this training is not for you. Sorry.
The story behind the training: How I quit my job so I can be healthy for my family, by investing in foreclosed properties!
Hi, my name is Jay Castillo, and one day, I realized that I was literally killing myself because of my job. This eventually pushed me to invest in real estate. Let me explain…
I remember way back in 2006, I ended up doing the job of 3 people in a multinational company, even if I was the I.T. Manager. I felt overworked and underpaid. So I did what I thought was the solution: I resigned, and transferred to another company for higher pay.
But I was wrong, the higher pay was not the solution. This was the time when I was introduced to the book “Rich Dad Poor Dad” by Robert Kiyosaki. From the book, I learned that I was still stuck in the “rat race”!
Since then, I’ve been obsessed with figuring out a way to get out of the rat-race. I wanted to do this, not just for me, but also for my new family.
I remember I would leave for work and I would kiss my baby boy. He was still asleep.
And then I would come home late at night, and he was already asleep.
Enough is enough, I decided that I will get out of the rat race through real estate investing!
However, I learned the hard way that I would only be able to apply what I learned from the book, if I had time to do it, if I had money to invest, and I also had to be working near where I lived, so I did not have to go far to start looking for promising real estate.
So I swallowed my pride, went back to the company I worked for before, and took a pay-cut. But, I was able to start looking for real estate (for me it was foreclosed properties) during my spare time, just like what was mentioned in Rich Dad Poor Dad!
Things were pretty okay, I also learned to manage my money, and I was saving for my first deal. Having a job made me feel secure again, but time passed and I had nothing to show for when it comes to real estate. It’s like I was back in my comfort zone, and I was in no rush.
But one morning, that suddenly changed… when I woke up and got up, I fell down on the floor, and I saw my whole world spinning, “literally”. I vomited several times and obviously, I was seriously sick.
I only managed to reach the bathroom by holding on to the walls of our house. I still wanted to go to work because I had an important meeting (crazy right!).
So I drove to work, attended the meeting, and after it ended, that was the only time I went to the company nurse. She checked my blood pressure, and at first it was at 140 over 100. Even after resting, it did not go down, and I felt even worse…
I ended up at the emergency room and was later diagnosed with high blood pressure at such a young age.
While on the hospital bed, I realized how stupid I was, and I needed to stop this madness. Of course, I can’t just resign, I needed income replacement. And then I remembered real estate investing!
That jolt was all I needed because this forced me to really start investing in real estate, and I just had to make it work, even if I had doubts that real estate investing can be done in the Philippine setting.
But that was exactly what I did.
After years of trying, and several failed attempts, I ended up buying 3 foreclosed properties on that year alone…
And they all turned out to be successful deals.
I was finally able quit my job in January 2010!
What I thought was not possible in the Philippine setting, can really be done. But it took a lot of time…
I remember seeing listings of foreclosed properties in the Sunday edition of Manila Bulletin, and I would see some on the list that were cheap and appeared to be promising…
But, I really didn’t know what to do next.
Sometimes I would actually go to the properties, and inspect them. Some looked okay, but most looked they badly needed repairs, but I really did not know what to do next.
Later, when I checked the Manila Bulletin again, those foreclosed properties would no longer be on the list… someone had bought them already!
Questions would linger in my mind like “Why did they buy those properties?”.
Or, “What did they see in them that make them worth buying?”.
And I also thought to myself “What?! Those foreclosed properties were so stinking ugly and in bad shape, who in their right minds would buy them?”
There just had to be a way to check if buying a foreclosed property made sense.
After several years of trying to figure it out all by myself, and as I was about to lose hope, I finally learned what it takes for a property to be profitable.
This was through the help of friends, mentors, and the school of hard-knocks.
So from not knowing what to do… I ended up buying several foreclosed properties that turned in more than enough profits that allowed me to quit my job, nice!
And to pay it forward, I’ve been trying to share as much as I can through my blog ever since…
But people needed more…
That was how I ended up creating my blog ForeclosurePhilippines.com, where I share as much as I can about our real estate investing journey.
While it felt great to share as much as I can on my blog, somehow I felt that there was something missing.
Have you ever felt like you had so much more to give, especially when people ask for advice?
That’s exactly how I felt before when it comes to real estate, even if I was already being invited to speak on TV shows, seminars, real estate conferences, and other events.
Don’t get me wrong, I always feel honored and thankful whenever I’m invited to speak about investing in foreclosed properties, just like the interview on ANC On The Money below.
But even if people tell me they learned a lot, I know that it’s not enough…
I have lost count how many times people say they want to learn more, and ask if I have my own training.
At first I was hesitant to create my training because I knew how much I have to cover to give the most complete picture of investing in foreclosed properties, and this would be a huge undertaking.
It would take a lot of time and effort to finish, especially since I am working on my own deals.
But through the years, so many people kept asking for help, and I receive more and more questions through my blog on a daily basis… and these have added up to several thousands of questions through the years.
It was becoming obvious that a lot of people simply did not know what to do when it comes to buying real estate the right way, and they ended up with very bad real estate deals. Now if only they knew what I already knew back then…
It became very clear that I just had to create this training!
I feel that it’s not right for people to rely on incomplete information out there, so after more than 4 years, I was finally able to create the first version of this training.
Looking back, how I wish there was a step-by-step training like this when I was getting started. And it turns out that I would have to be the one to create one for everyone.
My goal with this training is to equip you with the knowledge and wisdom gained through years of experience, so that those who go through this training can actually go out there and start investing in real estate the right way.
I have held nothing back and shared just about everything we have learned through the years, and I am committed to helping you achieve your real estate investing success, through this training.
You will know what worked for me so you can do the same, and you don’t have to make the same mistakes I did.
You will also be able avoid things that will hold you back…
What are the things that hold back people from investing in real estate, and doing it successfully?
Most of the time, it all begins in the mind with common misconceptions that stop us (I should know, it took me years before I got started). Maybe you’re thinking:
- “But Jay, investing in real estate needs a lot of cash!”
True, you need cash, but you don’t need 100% of the cash to buy a property. On the average, you only need 20% for the downpayment. Of course don’t forget that you still have to consider taxes, repair costs, holding costs, etc.
- “Can’t I do this with nothing down (no downpayment)?”
On the flip-side, some people might think that they can buy real estate with nothing down. My take on this is: While some have done it, it’s difficult to do with bank foreclosed properties because banks are not that desperate to sell right now. So if you are looking for “nothing down” deals with foreclosed properties because you lack money for downpayment, then you won’t find that here. Sorry.
- “You can’t find good deals anymore like before…”
I often attend auctions for bank foreclosed properties, and a lot of times I end up as an observer because I didn’t see any “good deals”. But, I am often surprised when a lot of properties are sold, and I even see a lot of bidders slugging it out for one property. More often than not, If I analyzed those sold properties, they turn out to be good deals. So the good deals are still out there, I just didn’t see them.
- “You need to be a licensed real estate broker to do this?”
Actually you don’t need to be a licensed broker, as long as you are working on properties you own. Yes, being a licensed broker an be a huge advantage, but you don’t need to be one, and this is based on the RESA law, under Sec 28(a). I also believe that you can do this without any real estate experience, that’s how I did it!
- “This takes a lot of time to do…”
If you will remember my story, I was actually working as a full-time I.T. Manager when I tried to do real estate investing on the side. And I was able to make it work. So you don’t have to do this full-time.
Okay, I hope you get the picture. But there are a lot more things you need to make this work, which I made sure I covered in my own training…
Who will be your trainers?
I started ForeclosurePhilippines.com as a tool to help me when I was still starting with investing in foreclosed properties. Little did I know that it will be a big help to others who are just starting with real estate.
I am passionate with making things work, and I document what works and what doesn't so others can learn how I did it... and this is exactly what I've been doing with real estate.
After several successful deals, I was able to quit my job as the I.T. Manager of a multinational company to focus on real estate full-time, and I have been documenting my real estate journey ever since.
It is my hope that by sharing what I have learned, I will be able to help fellow real estate investors out there who are on the same journey.
I am also a PRC licensed Real Estate Broker with REB License # 3194.
Cherry Vi Castillo
My wife Cherry Castillo helps me when it comes to legal aspects and taxation of real estate, where she brings in here vast experience during her stay at SGV Inc.
She is a Licensed Real Estate Broker (PRC Real Estate Broker License No. 3187), and placed 4th in the March 2011 Real Estate Brokers Licensure Exam.
Cherry is also a Licensed Real Estate Appraiser (PRC Real Estate Appraiser License No. 6918) and placed 8th in the August 2015 Real Estate Appraisers Licensure Exam.
She's also a lawyer (Roll of Attorneys No. 55239), and CPA (PRC CPA License No. 0102054).
What makes this training different from others out there?
We tell it as it is. No beating around the bush, No sugar-coating. We give you just about everything.
Wouldn’t you want to get the complete picture when it comes to foreclosed properties? That’s what we want you to have with this training.
Of course, having the most complete training can take a lot of time to run, and it can take days, which means it can be so expensive. I was able to solve this by coming up with an online training.
Another thing you would need is to know what happens and what to expect at each stage of a real estate transaction, what are the costs involved, what are the applicable taxes, how to compute for them, what real estate contracts to use, etc. We have these covered in my training!
One more thing that comes to mind is being part of a group of “like-minded” people who are also into real estate investing, cliche as that may sound. Again, this made a big difference for me when I was just starting out.
So instead of trying to do it all on my own, it was so much better when my friends, fellow investors, and mentors shared feedback, tips, inputs, and information (ex. experiences with buying from a certain village, market values, etc.). This was a big help, and pointed me to the right direction. You get this in my training through our exclusive facebook group.
By the way, my training is not meant to inspire you. Don’t get me wrong, it should inspire you to get started, but I go beyond that by actually showing you how I am doing it, how my friends and mentors are doing it, step-by-step.
Of course, I don’t have a crystal ball, and you might have a unique situation not covered in the training. That’s what the Q and A sessions are for, so you can actually ask and get the help you need.
You also get everything organized in one place, you can access 24×7, so you can go back and get the information you need down the road, whenever you need it (You get lifetime access).
We hold nothing back in this training, because I want you to succeed, and I believe that’s the big difference.
But don’t take my word for it, here are just some of the things you can expect and feedback from training participants
Note: Portions are hidden to protect the privacy of training participants.
As seen on:
What’s the difference between the “Core” and “Advanced” modules?
The “Core” modules will be shorter but still covers the entire journey you will go through when finding properties that have profit potential, and then the “Advanced” modules will cover the nitty-gritty/step-by-step/complex situations (which take a long time to explain – hence are longer).
I understand that there’s no “one-size fits all” when it comes to trainings, so you have a choice…
Core Training Bundle – If you simply want the essentials and quickly learn the A to Z of investing in foreclosed properties, you can take the “Core” training bundle. Of course, this option is more affordable.
Core + Advanced Training Bundle – If you are concerned with the complexities you might encounter down the road, the “Advanced” modules are there for you.
New modules will be added if needed, and you will have access at no additional cost… this will be like the netflix of real estate trainings, and you get this with the Core + Advanced training bundle!
A map for your real estate investing adventure!
At a glance, you will see what the training is all about in the following map for your real estate investing adventure. You’ll see the steps, corresponding modules/courses, and the difference between the Core training and Advanced training modules.
To find out what’s inside the modules above, check out the detailed training outline below.
What will be covered in the “Core” modules? (and schedules)
Module 1 – Fundamentals of foreclosed properties (Online workshop on November 6, 2018, 8:00pm – 10:00pm Manila Time, will be recorded)
Module 2 – How to find properties that have profit potential (Online workshop on November 15, 2018, 8:00pm – 10:00pm Manila Time, and will be recorded)
Module 3 – How to identify and avoid problematic properties (Online workshop on November 22, 2018, 8:00pm – 10:00pm Manila Time, and will be recorded)
Module 4 – How to get the best price/terms when buying foreclosed properties (Online workshop on December 6, 2018, 8:00pm-10:00pm Manila Time, and will be recorded)
Module 5 – All about renovating your property (Online workshop on December 17, 2018, 8:00pm-10:00pm Manila Time, and will be recorded)
Module 6 – How to profit from foreclosed properties step-by-step: In-person workshop on January 12, 2019, Saturday (Tentative), 1:00pm-5:00pm Manila Time, venue to be finalized (Quezon City)
What will be covered in the “Advanced” modules?
Advanced – Real Estate Investing for the long term (on demand video training + monthly live Q and A session)
Advanced – Closing the deal (on demand video training + monthly live Q and A session)
Advanced – Marketing your property (on demand video training + monthly live Q and A session)
Advanced – How to detect and avoid real estate investing scams (on demand video training + monthly live Q and A session)
Advanced – Brokering foreclosed properties for licensed Brokers/agents and also non-licensed referrors (on demand video training + monthly live Q and A session)
Note: There are actually more advanced topics (ex. taxation, closing costs, how to transfer ownership… refer to the map for your “real estate adventure” above) but I can’t add them all here because this page will be too long. 🙂
How about the Q and A sessions?
Each workshop/ module will have Q and A sessions at the end where we answer each and every question. We will also have regular monthly Q and A sessions during “Office Hours” for the Advanced Modules which also includes “hot seat” style coaching/ mentoring sessions via online webinars.