I really need to update my article on the 9 ways to invest in foreclosures and earn money because I need to include one more real estate investing strategy – Build and Sell! Just look around you, big real estate developers are doing it. They buy big tracts of land (some of them are bank foreclosed properties), build their projects, and sell them for a huge profit.

You might be thinking “Sounds great Jay, but I am not a real estate developer, build and sell is for the big boys, and I don’t have that much capital, resources, expertise, blah, blah blah..”

Well, I have to admit that building and selling real estate requires more capital, resources, and expertise (especially with the building part). But think about it, these developers were not as big as they are now when they started right?

Anyway, I believe that a real estate investor should aim to become a real estate developer, and it really is possible. He just needs to dream big, start small, and learn as much as he can from someone who has also done it, and take action! The Build And Sell Mentoring Course being offered by the Urban Institute of Real Estate aims to take care of the learning part. Checkout the invitation below.

BUILD AND SELL MENTORING COURSE

(3rd Offering)

VENUE:

Jose Yulo Caseroom, Asian Institute of Management (AIM) Conference Center, Makati

TIME and DATES

1:30PM to 6:00PM

June 9 to October 6, 2012

18 Saturday Afternoon Classroom Lectures

plus

7 Sunday Morning On-site and Practical Studies

SEMINAR FEE:

P38,000.00

Inclusive of VAT, handouts and venue (with coffee but no food)

GROUP DISCOUNT

For 2 or more registrants from same company, the 2nd and succeeding registrants get P5,000.00 discounts each.

Please see attached Introductions, Coverage, Schedules, Conditions and an Information Sheet which you need to fill up and email back to us.

For more details and inquiries, please text Urban Institute of Real Estate at

CP 0916-426-9174 or 0939-137-9242

or at email: urbanet.ph@gmail.com or info@urbanet.ph  

 

 PLEASE FORWARD TO YOUR FRIENDS AND ASSOCIATES IN REAL ESTATE

THANK YOU

URBAN INSTITUTE OF REAL ESTATE

 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 

 

EARLY BIRD DISCOUNT

There is a discount of P5,000.00 for all deposits made not later than May 26, 2012. This discount is limited to the first 40 deposits only.

HOW TO REGISTER

To be registered, deposit to BPI Account No. 4520-0002-38, account name of Urban Institute of Real Estate; Sta. Elena, Marikina Branch, as follows:

1.    Non-refundable reservation deposit in the amount of P5,000.00.

a. Deposit shall be made only after confirmation of your temporary reservation and receipt of our notice to make deposit by text or email.

b. In case deposit was not made within the next day upon our notice, please verify availability of slots by texting CP No.  0916-426-9174 or 0939-137-9242.

c. You will receive a text message confirming availability of slot which will be temporarily reserved for you until 12 noon of the next day.

d. After making the deposit, please immediately email us your name, date deposited and the code number of the machine validation in the deposit slip.

e. URBAN Institute will confirm your registration and reservation by sending you, within 3 to 4 days, a CONFIRMATION NOTICE by email , which you have to bring together with the original deposit slip on the first day.

2.      Balance of P33,000.00 (less any discount) is to be deposited to the same bank account before the first day of the Mentoring Program. Please bring all original copies of the deposit slips on the first day of the seminar.        

You are not yet registered without the CONFIRMATION NOTICE in your name. Please text us if not yet received 3 days after making deposit. Thank you.

CANCELLATION OF SEMINAR

1. URBAN Institute reserves the right to cancel the program or alter the date(s), change the venue or change the speakers for any topic. In the event that we need to cancel the program or change a scheduled seminar due to severe weather condition, illness, political/social unrest and whatever other reasons, we will inform you by texting or email through the cell phone number or email address that you have supplied us during your inquiries. We will give you as much time as is reasonably practicable in all the circumstances.
2. Refund of Seminar Fees. In case of cancellation of the program before start, all payments made shall be immediately refunded, while if already started, proportionate refund will be made immediately. 

LECTURER’S  PROFILES

ENGR. ENRICO S. CRUZ has more than 40 years of working experience in the field of engineering, construction, real estate and education. As a Civil Engineer, he taught after graduation for five years in his alma mater, Central Colleges of the Philippines and at the same time, he manages his own construction company, Enrico Engineering and Management Services.  He was the Vice-Dean for Engineering for two years.

He placed 1st in the real estate appraisal board examination in 1994 and 8th in the real estate broker’s board examination in 1988. He is also a licensed real estate consultant and a real estate fellow.

His past membership in real estate organizations includes the Chamber of Real Estate and Builders Associations, Inc. (CREBA), Real Estate Brokers Association of the Philippines (REBAP), where he was past president of the Marikina Chapter; Philippine Council of Real Estate Educators (PHILCORE) and Philippine Association of Realty Appraisers (PARA).

At present, he is the President of URBAN Institute of Real Estate engaged in real estate education; United Realty Brokers and Appraisers Network, engaged in realty brokerage, appraisal and consultancy. He is also the former Chief Operating Officer of First Amson Realty Development Corp. that was involved in housing and land development.

Author of “Comprehensive Notes and Reviewer for Real Estate Brokers” and “Mastering the Real Estate Broker’s Exam” and handouts/study materials for various real estate seminars.

Introduction: Build and Sell Mentoring Program

This program is not a college-diploma course.

This is simply directly learning the practical and applicable but extensive knowledge needed so that the participants can immediately go into the business of real estate Build and Sell and come out successful.

This program shall consist of at least 18 once-a-week lectures of 4 hours or more and 7 Sundays of visits to proposed, ongoing and completed BUILD & SELL construction site, and related activities.

All lectures will  be conducted at the Jose Yulo Caseroom, Asian Institute of Management,Makati, Saturdays, 1:30 to 6:00 PM from June 9 to October 6.

There will be group field work for applicable topics such as actual appraisal of assigned properties, actual inspection of properties to be purchased. Also there would be group discussions, group presentation to the class, and group and individual assignments which shall be done days before the scheduled lecture hour.

Each group, in relation to their assignments and presentations to undertake, will be allotted extra time for consultation with Engr Enrico Cruz, either by phone, by email, by Facebook or in person, which, if ever, shall be held, only in Marikina City.

The class will be divided into balanced groups, based on educational background and work experience.

Starts June 6, 2012

Fee: P38,000.00 inclusive of VAT, venue (with coffee but no food) and handouts.

What would be taught in the Build and Sell Mentoring Program

1. How to become an effective integrator of different knowledge and skills to achieve a profitable and successful build and sell projects.
2. What project to put up on a given location or where to locate a proposed project. Which comes first, the project concept or the location?
3. How to evaluate the marketability of your proposed project.
4. Valuation of vacant land and land with improvement and how to set your maximum buying price.
5. Financial studies related to buying, building and selling including Joint Ventures and Syndications.
6. To gain general information on the works and responsibilities of different professionals that would be involved in the build and sell business to be capable of double-checking their works in case they were hired.
7. The different alternatives on how to administer the project.
8. The different government permits and licenses and how to apply and secure them.
9. The different ways of marketing and selling your project.
10. A general view of all the legal aspects related to build and sell business including the important provisions that should be included in the contracts.
11. All taxation aspects related to build and sell, from buying the lot to selling the units.
12. Other topics which may arise and are deemed necessary during the course and seven (7) Sundays of fieldwork and actual Build & Sell proposed, ongoing and completed  projects.

Proposed schedule for the Build and Sell Mentoring Course

LECTURES

Day 1

General Orientation & Instructions

About Handouts and reading Materials

About Coverage

About Rules and Procedures

Topic: SELECTED TOPICS ON PRINCIPLES OF REAL ESTATE ECONOMICS

Day 2

PLOTTING, SITE VERIFICATION AREA COMPUTATION

Day 3

AVOIDING FRAUDS THRU REGISTRATION & DOCUMENTATION

DAY 4 & 5

HOW TO DO IT YOURSELF: VALUATION OF SUBJECT LOTS AND LOTS WITH IMPROVEMENTS

Day 6

EVALUATING THE MARKETABILITY OF THE PROPOSED PROJECT

DETERMINING WHAT IS THE BEST PROJECT FOR THE GIVEN LOCATION

Day 7

THE LEGAL ASPECTS OF BUYING and SELLING REAL PROPERTIES WITH SAMPLE DOCUMENTS

Day 8

INSTALLMENT SALES AND OTHER FINANCIAL TECHNIQUES OF BUILD & SELL

DAY 9

MATHEMATICS OF INVESTMENTS MADE EASY BY USING COMPUTERS AND FINANCIAL CALCULATORS

Day 10

PROPERTY DEV PROCESS OF BUILD & SELL AND RELATED HLURB RULES

Day 11 & 12

THE ADMINISTRATION ASPECTS OF IMPLEMENTATION AND CONSTRUCTION OF BUILD AND SELL PROJECTS

Architect’s services and fees

How to secure Bldg Permits Bldg Permit

Project Administration

Notes on Construction Details

DAY 13 & 14

BUYING & SELLING TECHNIQUES

DISTRESSED PROPERTIES AND HOW TO FIND BARGAIN PROPERTIES

SETTING UP YOUR OWN SELLING NETWORK

AFTER SALES RESPONSIBILITIES

Day 15

NOTES ON JOINT VENTURES AND HOW TO APPLY IT IN BUILD AND SELL WITH  SAMPLE COMPUTATION OF SHARING

DAY 16

TAXATION ASPECTS OF BUILD AND SELL

AS LOT BUYER

AS DEVELOPER

AS SELLER

AS LESSOR

Day 17

PROPERTY TAXATION

SAMPLE TAX COMPUTATIONS

 MANAGING YOUR PROPERTIES

Day 18

EVALUATING THE RISKS IN BUILD AND SELL

SETTING UP YOUR COMPANY-INDIVIDUAL PROPRIETORSHIP VERSUS CORPORATION

ADDITIONAL NOTES & POINTERS

SUMMARY

GRADUATION

FIELDWORKS AND SITE VISITS

SITE Day 1

THE UNCOMPLETED TOWNHOUSE FOR APPRAISAL

NEIGHBORHOOD AND COMMUNITY EVALUATION

VALUATION OF THE USUABLE IMPROVEMENT

PRELIMINARY PROJECT CONCEPTS

SITE Day 2

A VACANT LOT BEING OFFERED FOR SALE OR JOINT VENTURE

SITE Day 3 (Fieldwork. Date may be after Day 5 as decided by class)

SITE EVALUATION

CHECKING COMPARATIVE PROPERTIES / PROJECTS

SITE Day 4

BACK TO UNCOMPLETED TOWNHOUSE

FINAL EVALUATION OF THE PROPOSED PLANS AND DRAWINGS

REVIEWING ESTIMATES AND SPECIFICATIONS

APPLY FOR BUILDING PERMITS

SITE Day 5 & 6

ONGOING CONSTRUCTION SITE OBSERVATION TOURS

SITE Day 7

OBSERVATION AND PARTICIPATION IN ACTUAL TOWNHOUSE MARKETING ACTIVITIES

NOTE: Participants are free to regularly visit the actual projects and marketing activities until completion and sold.

GENERAL CONDITIONS

1. The purpose of all participants in attending this program is to learn and not to gather materials for future articles, magazines or books. Participants in this program are not allowed to publish any portion of the program in any form and in any media including the internet. Pictures and partial videos of projects and class in session shall be for personal souvenir purpose only.
2. All picture, handouts and any other instructional materials provided by URBAN Inst except books purchased by the participants shall be the exclusive property of URBAN Inst and shall not be reproduced for purpose of distributing or providing copies to other persons who are not participants in this program.
3. In case of absences in any topic, participant may make up in later offering of the same topic, subject to availability of slots.
4. URBAN Institute is not obliged to conduct make up or tutorial classes for any absentee participant.
5. No slippers, shorts and sandos and informal attire will be allowed inside the lecture room and during site visits and field works.
6. Recording in any manner except by taking written notes of the lecture is strictly prohibited.
7. Sit-in of participant’s companion is strictly not allowed.
8. In cases of justifiable reasons such as illness of the lecturer, URBAN Inst reserves the right to change, re-set or to modify the seminar dates, time and topics with a 24-hour notice either by email or text only. In such a reset of any lecture day or program activity, URBAN Institute shall not be liable to any incurred expenses or damages by any participant. In cases of extreme situations such as flooding, and in the absence of any notification, participants shall take action to verify from URBAN Institute.

In case of failure of any participant to complete the program, all fees paid shall not be refundable.

Attachments:

• Build and Sell Mentoring Course – Infosheet
• Build and Sell Mentoring Course – General Conditions

For more details and inquiries

Please contact Urban Institute of Real Estate through the following:

• Cellphone: 0915-457-3596 or 0939-137-9242
• Email: urbanet.ph@gmail.com or info@urban-institute.com

Reminder on the early bird discount - The last day for the early bird discount (less P5,000.00) is on May 26, 2012. Deposits must be made on or before May 26, 2012 and the discount is limited to the first 40 deposits only.

Happy learning!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: Nothing to disclose. I will not earn anything if you will attend this course. I highly recommend this course as I consider Engineer Cruz as a true mentor. I’m just not sure if I can attend this one due to time contraints.

Build and Sell, another real estate investing strategy? is an original post from: Foreclosure Investing Philippines

This is a guest post by Sha Nacino of Seminar Philippines

Everyone needs a break!

I love writing! It’s my passion. I feel so alive when I write. I remember a time when I didn’t leave the house for a couple of days because I was so glued to the book I was writing.

Last year, I took a two month (unpaid) vacation from work so I could write some books. I wrote from 7am until past 1am only to wake up very early again the next day because I was excited to resume writing.

Yes, that was how addicted I was to my passion. The result? Burnout.

I believe that while we love what we’re doing, perhaps our job or our business, it’s very important to take a break and rest. If you don’t enjoy your job, the more that you need to take a break and re-charge.

Take a break and rest…

What is rest? Rest doesn’t mean not doing anything. According to Saint Josemaria Escriva, rest means doing something different. For instance, rest may mean playing badminton, watching TV, praying, bonding with your family and friends, visiting the sick and the poor, playing with children, or reading by the beach.

Have you noticed that when you are too tired and your mind is preoccupied, you oftentimes end up making irrational decisions and actions? You easily get irritated. You are panicky.

When I am tired, my mind is so slow. One time, my friend was talking to me but I just stared at her with a blank face, trying to digest what she’s asking even if her question then was as simple as “what do you want to order?” When I am stressed out, my defenses are also down and I easily get affected by what’s happening in my surroundings. Thus, I make it a point to take a rest and relax so I always feel refreshed and in top shape for work.

Rest and relax…

I love taking vacations to rest my tired body and to re-energize my mind to think creatively.

Perhaps one of the best vacations I had was when I went on a pilgrimage to Europe for two weeks. My friends and I visited three European countries and 8 cities. We toured Paris, Versailles, Lourdes, Barcelona,  Madrid, Catalonia, Rome, and Milan. It was a surreal experience for me to see The Eiffel Tower, Vatican City, and the Lourdes Grotto, among others.

… while you earn passive income!

When I came back to the Philippines, I read an email that told me I had earned something while I was on vacation. The income I earned is called passive income.

I wanted more people to know more about passive income so I wrote the eBook How to Earn While on Vacation with a Foreword by Bo Sanchez.

I am giving this eBook for free. If you don’t have your copy yet, you may log on to www.facebook.com/seminarphilippines.

Sha Nacino is an author and a blogger. You may visit her at www.seminarphilippines.com or www.happysha.com.

Photo credit: Kennymatic on Flickr

Take a break is an original post from: Foreclosure Investing Philippines

I attended the 40th RCBC Savings Bank foreclosed properties auction last May 19, 2012 and noted that there were a lot of properties left unsold. Interested bidders can still submit offers for the remaining unsold properties, which you can find in the post-auction listings below.

I have included listings of unsold properties from RCBC and Jose P. Laurel Bank, whose foreclosed properties were also included in the auction.

How do I submit an offer?

Interested bidders may submit their offers for the remaining unsold properties through a Purchase Proposal form. I will send a copy of the form to those who will inquire by filling-up the inquiry form below.

What are the payment terms?

The payment terms fort RCBC Savings Bank foreclosed properties are still the same which I have quoted below:

Minimum Downpayment

• 10% for vacant lots
• 20% for properties with improvements.

*Note: 25% downpayment is required to occupy a property.

Payment Term

• The balance is payable up to 10 years at 12% annual interest rate. A shorter payment term can mean a lower interest rate.

*For installment payment, winning bidders are required to submit financial documents (usually within 5 working days after the auction) so that the bank can proceed with their credit investigation. Once the winning bidder passes the credit investigation, he/she will receive a Notice of Approval/Written Conformity from the bank, and the full downpayment should be completed approximately within 5 to 7 days from the Notice of Approval/Written Conformity.

A complete list of requirements for the purchase of a foreclosed property through a real estate loan can be found below:

*Payment terms for RCBC and JPL are to follow.

Post auction listings of available foreclosed properties

The post auction listings can be downloaded through the links below.

Note: This also includes the listing of foreclosed properties from RCBC and JPL

• RCBC Savings Bank Foreclosed Properties (updated after the auction last May 19, 2012) (PDF)
• Sysco, Filmal, GA Towers properties for sale on May 19, 2012 (PDF)
• SPC – RCBC Savings Bank properties for sale on May 19, 2012 (PDF)
• RCBC and JPL foreclosed properties – May 19, 2012 (Post-auction listing) (PDF)

Things to remember before you inquire

1. The properties on the list that are marked with an asterisk (*) are properties with special concerns (highlighted in yellow on the list). These properties may be occupied and/or have legal impediments. If this is your first time to invest in foreclosed properties, I highly suggest you skip these kinds of properties for now, unless you know what you are doing. Please be guided accordingly.

2. If you are interested but are currently outside of the Philippines: Please keep in mind that you need to have trusted relatives or representatives in the Philippines who can inspect the property for you as part of due diligence, and can sign contracts on your behalf (if you decide to proceed with the purchase), through an authenticated/consularized Special Power of Attorney or SPA.

How do I inquire?

To inquire about any of the properties, please use the inquiry form below. This inquiry form is meant to help save time for everyone so please enter data as accurately and as completely as possible.

Note: We will only answer inquiries that provide complete information related to the RCBC Savings Bank, RCBC, and JPL post auction listings for the May 19, 2012 auction.

To follow-up on your inquiries, please contact us through the following numbers:

• Jay: 964-9489 / +63917-8843882
• Cherry: 966-2541/ +63917-8568573

Disclosure and disclaimer

All properties are sold on AS-IS-WHERE-IS basis. Properties and prices are subject to change without prior notice. The Bank reserves the right to withdraw any property before auction. Inadvertent misprints shall not alter the property’s factual condition nor shall they be deemed as misrepresentation of the property.

For general questions about submitting an offer, please leave a comment below. Thanks!

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: I am an accredited real estate broker of  RCBC Savings Bank. 

Post-Auction Listings for RCBC Savings Bank, RCBC, and JPL foreclosed properties is an original post from: Foreclosure Investing Philippines

The 185th UnionBank foreclosed properties auction has been slated on May 26, 2012 (Saturday), 9:00am, at 29th Floor, UnionBank, Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines.

If you will notice, this is the same date and venue where the 21 brand new house and lots located inside Crown Asia’s Almalfi Subdivision, Dasmarinas Cavite, shall also be for sale through public auction!

Interested bidders only need to bring Php 20,000 show money in the form of cash or manager’s check to qualify to bid per property.

Don’t forget to do your due diligence as these foreclosed properties are for sale on an “as is where is” basis.

UnionBank is offering a 5% discount on cash sales, and very affordable credit terms, as follows:

UnionBank foreclosed properties listing

Download the complete list of UnionBank foreclosed properties for public auction on May 26, 2012 through the following link:

• 185th UnionBank Foreclosed Properties Auction listing for May 26, 2012

For more details, please contact:

The “fine print”

Commercial properties are subject to credit approval

CWT is for the account of the buyer

The sale is on an “as is where is” basis

Misprints are not misrepresentation of any property

UnionBank may, at anytime, withdraw any of the properties listed above

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: If a buyer will acknowledge me as their referror, I may receive referral fees (at no additional cost to the buyer). Thank you in advance for supporting our hard work and this website!

185th UnionBank foreclosed properties auction slated on May 26, 2012 is an original post from: Foreclosure Investing Philippines

During the auction last month, it was mentioned that more foreclosed properties from RCBC Savings Bank will be available in their next auction this May 2012.

It’s official! Their next auction which includes more foreclosed properties will be on May 19, 2012, Saturday, at 9:00am, at the 6th Floor, Development Academy of the Philippines Building, San Miguel Avenue, Pasig City, Philippines.

Aside from their new inventory of foreclosed properties, those left unsold during their previous auction(s) will also be available. The list includes foreclosed properties from the Metro Manila and Luzon areas.

Interested bidders only need to bring government issued ID’s, show money of Php25,000/property in the form of cash or Manager’s Check to participate and bid.

Auction terms

Minimum Downpayment

• 10% for vacant lots
• 20% for properties with improvements.

*Note: 25% downpayment is required to occupy a property.

Payment Term

• The balance is payable up to 10 years at 12% annual interest rate. A shorter payment term can mean a lower interest rate.

*For installment payment, winning bidders are required to submit financial documents (usually within 5 working days after the auction) so that the bank can proceed with their credit investigation. Once the winning bidder passes the credit investigation, he/she will receive a Notice of Approval/Written Conformity from the bank, and the full downpayment should be completed approximately within 5 to 7 days from the Notice of Approval/Written Conformity.

A complete list of requirements for the purchase of a foreclosed property through a real estate loan can be found below:

Things to remember before you inquire

1. The properties on the list that are marked with an asterisk (*) are properties with special concerns. I have highlighted these in yellow on the list below so you can see them easily. These properties may be occupied and/or have legal impediments. If this is your first time to invest in foreclosed properties, I highly suggest you skip these kinds of properties for now, unless you know what you are doing. Please be guided accordingly.

2. If you are interested but are currently outside of the Philippines: Please keep in mind that you need to have trusted relatives or representatives in the Philippines who can inspect the property for you as part of due diligence, and can sign contracts on your behalf (if you decide to proceed with the purchase), through an authenticated/consularized Special Power of Attorney or SPA.

3. If you plan to attend the auction on May 19, 2012 and get me as your real estate broker, I will give you a briefing on what to expect during the auction, and I will answer most of first-time bidder’s frequently asked questions. Same goes for those who want to submit offers after the auction for unsold properties. Keep in mind that I myself have purchased properties from RCBC Savings Bank and I am confident my experience will help me serve you better, and this is at no additional cost to you.

Interested? Please fill-up the inquiry form below:

To follow-up on your inquiries, please contact us through the following numbers:

• Jay: 964-9489 / +63917-8843882
• Cherry: 966-2541/ +63917-8568573

Download the complete list of foreclosed properties

• RCBC Savings Bank foreclosed properties for sale on May 19, 2012 (PDF)
• Sysco, Filmal, GA Towers properties for sale on May 19, 2012 (PDF)
• SPC – RCBC Savings Bank properties for sale on May 19, 2012 (PDF)

Disclosure and disclaimer

All properties are sold on AS-IS-WHERE-IS basis. Properties and prices are subject to change without prior notice. The Bank reserves the right to withdraw any property before auction. Inadvertent misprints shall not alter the property’s factual condition nor shall they be deemed as misrepresentation of the property.

For general questions about the auction, please leave a comment below. Thanks!

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: I am an accredited real estate broker of  RCBC Savings Bank. 

Save the date: The next RCBC Savings Bank foreclosed properties auction will be on May 19, 2012 is an original post from: Foreclosure Investing Philippines

Luxurious living need not be expensive with these twenty one (21) brand new house and lots for sale located within Crown Asia’s Almalfi Subdivision, at The Islands, Barangay Paliparan, Dasmarinas Cavite, Philippines.

These are all brand new, never been occupied, Italian inspired house and lots, fully finished, complete with fixtures, ready for occupancy (RFO), and are for sale through public auction.

FYI: These are still considered as bank owned properties/acquired assets because the residential lots were acquired through a Dacion en Pago (payment in kind). Later on, houses were constructed on the lots,  through a joint venture agreement.

Public auction schedule and venue

These twenty one (21) brand new Amalfi house and lots will be included in a public auction of foreclosed properties on May 26, 2012, 9:30am, at the 29th Floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines. Please be early.

Payment terms and other details

• Minimum Downpayment: 10%  of selling price, 6 months to pay, at zero interest
• Balance payable up to 15 years, at 11% fixed interest rate per annum
• Cash payments get a 5 % discount
• NO CREDIT CHECKING!!!
• Interested bidders only need to bring Php20,000 show money (cash or MC) per property
• The bank will shoulder the CWT up to the selling price (for Amalfi house and lots only)

Status of the properties

All of these house and lots in Amalfi have clean titles and are registered under the name of the bank who owns them, they have never been occupied (they are all brand new!), real property taxes are current, and they don’t have any lis pendens or pending court cases. These properties are for sale on an “as is where is” basis.

Features and amenities:

• Safe and secure gated subdivision – for your peace of mind!
• Complete road network 12-20 meters wide subdivision roads with underground drainage system – simply beautiful!
• Water supplied by Prime Water
• Electricity supplied by Meralco
• Clubhouse with basketball court
• Near Saint Paul College within Island Park
• SM City Dasmarinas and Robinsons Place Dasmarinas are just 2 kilometers away.
• With 24-hour shuttle service inside the subdivision

Property details

• Location: The Islands, Brgy Paliparan, Dasmarinas Cavite
• Available house model: Calista
• Floor Area: 64 sqm
• Lot Area: 92 sqm to 315 sqm
• Bedrooms: 3
• Toilets and bath: 2
• Ground floor: Living room, kitchen, dining area, and a toilet and bath
• Second floor: Three bedrooms and a toilet and bath.

Minimum Bid Price

For H&L with LA 92 sqm, FA 64 sqm : Php2,466,288.00 (13 house and lots available)
For H&L with LA 192 sqm, FA 64 sqm : Php3,316,288.00 (3 house and lots available)
5 other house and lots available with different lot areas (refer to the complete listing below)

Complete listing

Click on the image below to view/download the complete listing of House and lots for sale in Amalfi subdivision.

Amalfi Dasmarinas Cavite - Brand New House and lots for sale through auction (click to view/download)

Vicinity Map

(Google maps to follow)

Pictures

Just click on the thumbnails below to enlarge.

Video

Interested? Inquire now!

For more details, you may also contact us through the following

• Roel: 881-9874/0912-5169315
• Jay: 964-9489/0917-8843882
• Cherry: 966-2541/0917-8568573

More details, actual pictures and videos of each unit, and a sample computations will be added soon!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

As always, our standard site disclaimer applies

Full disclosure: We are accredited real estate brokers of the owners/sellers of the Amalfi house and lots in this listing and we shall be entitled to commissions/professional fees for each consummated sale (at no additional cost to the buyer). Thank you in advance for supporting our hard work and this website!

Brokers/agents are welcome, just call us for details!

Featured: 21 Brand new house and lots in Amalfi Dasmarinas Cavite for sale through public auction! is an original post from: Foreclosure Investing Philippines

Believe it or not, Foreclosure Investing Philippines (http://www.foreclosurephilippines.com) has been in “site maintenance mode” for the past few weeks. Yes, I have been fixing things up although the site has been always available, at least most of the time, when my web hosting company is not having problems  of their own. This obviously affects this blog as well, and provides a clue on what is happening and what is coming.

Anyway, during this maintenance period, some functionality was disabled and these would definitely affect things like site navigation, etc. Because it might hamper or even annoy people who are looking for listings per bank, or any of the topics I have written about in the past, I have restored these through the “Topics and Listings” and “Read our Archives” sections in the right-side bar, temporarily.

Rest assured, the site is undergoing maintenance not only to continue, but also to provide better “public service” to all our valuable readers and subscribers as I continue to share my listings of foreclosed properties, along with practical real estate investing tips that apply to the Philippine setting.

The site maintenance would also explain why I have not been posting as much as I want and as often as before.

In the meantime please bear with us as things will definitely be better when the maintenance is finished and I would also appreciate any comments and/or suggestions (feature requests) you may have.

For now, I can only say that you will definitely notice it when site maintenance is finished, so please watch for it. Thank you!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: Nothing to disclose. 

Site maintenance notice for Foreclosure Investing Philippines is an original post from: Foreclosure Investing Philippines

I know I would! I believe that passive income through rental properties is like the “Holy Grail” when it comes to real estate investing.

After all, investing in rental properties is as easy as buying a cheap foreclosed property, fixing it up, renting it out, then you get your passive income, and you are set for life right?

Wrong!

Think about it…

• How would you know if a target rental property is a worthy investment?
• How do you determine projected cashflow, internal rate of return, while considering factors like inflation, etc.?
• What are the risks?
• How about the legal aspects of leasing?
• How about the real estate taxes that apply to leasing?

Here’s the clincher:

• How do you avoid tenants from hell?! (or how do you deal with them?!)

Fortunately, these topics are covered in the upcoming “Mentoring Course on Leasing Real Properties” which is being offered by the Urban Institute of Real Estate by Engineer Enrico S. Cruz.

I look forward to attending this course myself! If you are also interested in rental property investing, I look forward to seeing you there!

Details about the mentoring course can be seen below.

MENTORING COURSE ON

LEASING REAL PROPERTIES

VENUE: Don Jose Yulo Caseroom, AIM-ACCEED, Asian Institute of Management (AIM), Benavides corner Trasierra Sts, Legaspi Village, Makati City

SCHEDULE OF TOPICS

TIME: 1:15PM to 6:45 PM

• June 26 - RETURN & RISKS ANALYSIS OF RENTAL PROPERTIES
• July 3 - HOW TO’S OF COMPUTATIONS NEEDED IN RETURN ANALYSIS USING COMPUTER SPREADSHEET (Includes preparing an applicable return analysis template)
• July 10 – LEGAL ASPECTS OF BUYING & LEASING PROPERTIES
• July 17 - TAXATION OF BUYING & LEASING REAL PROPERTIES
• July 24 - HOW TO MAXIMIZE INCOME OF RENTAL PROPERTIES

For more details and inquiries, please call/text Urban Institute of Real Estate through the following:

• Cellphone: 0915-457-3596 or 0939-137-9242
• Email: urbanet.ph@gmail.com or info@urban-institute.com

 

PLEASE FORWARD TO YOUR FRIENDS AND ASSOCIATES IN REAL ESTATE

THANK YOU!

URBAN INSTITUTE OF REAL ESTATE

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TOPIC DESCRIPTION

Day 1

RETURN & RISKS ANALYSIS OF RENTAL PROPERTIES

Starts with a detailed explanation of how interest rate is determined and comparison of interest income of money in bank with that of income on leasing real properties, with the effects of inflation factored in. There will be discussions on the different real properties for lease from a simple vacant lot to commercial properties and determination of what should be the rent for a particular property and how would this be determined. Also the effect of using borrowed money on profitability. Then the main topic of how to analyze various properties as to potential return on equity and accompanying risks. Covers the theories of investment analysis more particularly on return/risk analysis explaining the various methods from simple payback period method and accounting rate of return method to the now widely acceptable Net Present Value (NPV) Method and the Internal Rate of Return (IRR) Method.

Day 2

(Please bring your laptop)

HOW TO’S OF COMPUTATIONS NEEDED IN RETURN ANALYSIS

USING COMPUTER SPREADSHEET

(includes preparing an applicable return analysis template)

Covers the computation aspect of investment analysis from the outmoded use of formulas of Mathematics of Investments to the quicker way of computing with the use of financial calculators and computer spreadsheets such as Microsoft Excel. The class will actually do the preparation of a financial template that would be usable for future investments and “what if” analysis of various rental properties. The participants, after this session, are expected to be able to prepare a project cash flow, compute for the Net Present Value and compute the Return on Equity thru the Internal Rate of return Method of a simple rental property.

Day 3

LEGAL ASPECTS OF REAL ESTATE SALES & LEASES

Lecturer: Atty. Rex Enrico V. Cruz III

Anyone who intends to acquire a peace of real estate or who intends to go into any real estate business should be aware of the importance of knowing the different legal aspects of a real estate transaction. This will prevent being swindled or victimized by unscrupulous operators and in other cases avoid misunderstandings that may result to expensive and time consuming judicial court proceedings.

This lecture will cover the basic laws on Sales and Lease more particularly on contract of sales and contract of lease, legal letters and notices, ejectment and many other legal questions.

Day 4

TAXATION OF REAL ESTATE SALES AND LEASES

In any real estate investment or project, all the revenues and expenses were estimated and pre-determined at its very start or conception, serving as the basis for the acceptance or rejection of the proposed investment. The realization of the projected revenues and expenses can negatively be affected by unforeseen events. One of such is tax penalties and surcharges that can be brought about by neglect, ignorance or incapacity to pay on the part of the investor. Considering that there are frequent changes and issuances of new revenue regulations, new and would be investors and even experienced ones should be knowledgeable and updated on the changes in the taxation rules in order to pay the correct taxes at the right time, thus avoiding penalties. Includes detailed lectures on Capital Gain Tax, withholding Tax, Documentary Stamp Tax, Value Added Tax and all taxes to be paid in connection with buying, leasing and selling real properties. This also includes what taxes to pay in any real estate transaction, basis and how to compute taxes, when and where to pay, BIR forms, exemptions from taxes.

Day 5

HOW TO MANAGE AND MAXIMIZE INCOMES OF RENTAL PROPERTIES

The common mounting problem of property lessors, who are sometimes forced to sell their properties are, among others, high vacancy, defaulting and problematic tenants, increasing cost of repair and maintenance, increasing property taxes and harsh zoning ordinances and others.

While these situations provide good business opportunities to other real estate investors who have management skills and know-how to overcome such problems, present owners should also aim to gain more skills and knowledge to avoid such unwarranted liquidation of their properties.

The seminar will cover the following topics: reasons for property management; the property management functions, objectives, organization and designations; important and must-include provisions in the lease contract; advertising; correct tenant selection; how to retain good tenants; how to solve common problems with tenants; rent escalation clauses; collection techniques; property maintenance; how to avoid unnecessary repair expenses; insurance; budgeting and recording; hiring professional property managers; management contracts; and other related subjects.

LECTURERS’ PROFILES

ENGR. ENRICO S. CRUZ has almost 40 years of working experience in the field of engineering, construction, real estate and education. As a Civil Engineer, he taught after graduation for five years in his alma mater, Central Colleges of the Philippines and at the same time, he manages his own construction company, Enrico Engineering and Management Services. He was the Vice-Dean for Engineering for two years.

He placed 1st in the real estate appraisal board examination in 1994 and 8th in the real estate broker’s board examination in 1988. He is also a licensed real estate consultant and a real estate fellow.

His past membership in real estate organizations includes the Chamber of Real Estate and Builders Associations, Inc. (CREBA), Real Estate Brokers Association of the Philippines (REBAP), where he was past president of the Marikina Chapter and Philippine Council of Real Estate Educators (PHILCORE).

At present, he is the President of URBAN Institute of Real Estate engaged in real estate education; United Realty Brokers and Appraisers Network, engaged in realty brokerage, appraisal and consultancy. He is also the former Chief Operating Officer of First Amson Realty Development Corp. that was involved in housing and land development.

Author of “Comprehensive Notes and Reviewer for Real Estate Brokers” and “Mastering the Real Estate Broker’s Exam” and handouts/study materials for various real estate seminars.

ATTY. REX ENRICO DV CRUZ III

A lawyer by profession but an educator by heart.

Rex Cruz has a degree in Bachelor of Science in Commerce Major in Legal Management from De La Salle University – Manila. After graduation in 1992, he went to law school and obtained his Bachelors of Laws from San Sebastian College Recoletos. He became a member of Philippine Bar in 1998.

He first made use of his law degree as professor in prestigious educational institutions such as De La Salle University and East Asia College, where he has been a part-time faculty member for more than 10 years now. He teaches various commercial law subjects and business courses. He is likewise a regular lecturer at the URBAN Institute of Real Estate.

Among his professional exposure is a stint in the Philippine Senate as a Legislative Staff Officer in the Office of Senator Nikki Coseteng and Freddie Webb and later as Consultant to the President, serving as the Chief of the Legal Division of the Cooperative Development Authority.

At present, he is one of the Assistant Vice Presidents in the Legal Department of SM Investment Corporation. He also maintains a modest law office and serves as adviser to a number of national and local government officials.

Being a Licensed Real Estate Broker himself, Rex also serves as consultant Realty Plus Property Professionals, Inc., a full service real estate firm.

SEMINAR FEES, DISCOUNTS AND HOW TO REGISTER

SEMINAR FEE : Seminar fee is P8,000.00 per participant, inclusive of venue (with coffee but no snacks), handouts, and certificate of attendance.

DISCOUNTS

Early bird discount of P800.00. (As explained below)

HOW TO REGISTER

PRE-PAID REGISTRATION

ADVANTAGES:

• You can avail of the early bird discount
• You are assured of your seat
• You don’t have to come too early

If agreeable to all the conditions herein and to be registered for any seminar day, deposit to BPI Account No. 4520-0002-38, account name of Urban Institute of Real Estate; Sta. Elena, Marikina Branch, as follows:

1. If made on or before June 16, the discounted amount is P7,200.00.
2. If made thereafter, no more early bird discount, deposit P8,000.00. Last day for making pre-paid registration is two (2) banking days before the seminar day. Deposits made thereafter will be considered simply as a first-come-first serve basis and not as pre-paid registrations.

Before making the deposit, you must first verify availability of slots thru text or calling our given contact numbers.

After making the deposit, please immediately text us your name, date deposited, branch where deposit was made, and the code number of the machine validation in the deposit slip.

URBAN Institute will confirm your registration and reservation by sending you a CONFIRMATION NOTICE by text message, which you have to bring together with the original deposit slip on the seminar day. Deposits without CONFIRMATION NOTICE will not be considered as pre-paid registration.

ON-THE-DAY REGISTRATION

On-the-day registration is also acceptable but on a first-come-first-serve basis only.

However, to avoid any inconvenience, it is advisable to call us on the day of the seminar or preferably, a day before, to verify the number of remaining slots.

URBAN INSTUTE POLICY ON CANCELLATION OF SEMINAR

1.) Your right to cancel. Once you have made a reservation to attend a seminar, you may still cancel your reservation seven (7) days before the seminar takes place and this will entitle you to a full refund of your payments. No refund shall be made if cancellation is made within seven (7) days of the seminar date.

2.) How to cancel. To cancel a reservation, you must inform us in writing. You can do this by emailing us at urbanet.ph@gmail.com Notice made by mail is considered receive only on the actual date of receipt.

3.) Changes and cancellation. We reserve the right to cancel or alter the date(s), change the venue or change the speakers for any seminar or topic. In the event that we need to cancel or change a scheduled seminar due to severe weather condition, illness, political/social unrest and whatever other reasons, we will inform you by texting or email through the cell phone number or email address that you have supplied us during your inquiries. We will give you as much time as is reasonably practicable in all the circumstances.

4.) Refund of Seminar Fees. If entitled to refund, this shall be deposited, within thirty (30) days from the day we receive your cancellation, to your bank account which you have to give us by email and providing the following information: account number, account name, name of bank, and what branch.

5.) If we make changes to or cancel a seminar we will make every effort to reschedule the seminar for a later date. If we do reschedule the seminar we will notify you in writing of the new dates, times and venues using your email address. On receipt of this update email you have the right to cancel your booking and receive a full refund. The time condition for cancellation above-mentioned will apply as if a new reservation had been made.

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GENERAL CONDITIONS

1. The purpose of all participants in attending this program is to learn and not to gather materials for future articles, magazines or books. Participants in this program are not allowed to publish any portion of the program in any form and in any media including the internet. Pictures and partial videos of projects and class in session shall be for personal souvenir purpose only.
2. All picture, handouts and any other instructional materials provided by URBAN Inst shall be the exclusive property of URBAN Inst and shall not be reproduced for purpose of distributing or providing copies to other persons who are not participants in this program.
3. URBAN Institute is not obliged to conduct make up or tutorial classes for any absentee participant.
4. No slippers, shorts and sandos and informal attire will be allowed inside the lecture room.
5. Recording in any manner except by taking written notes of the lecture is strictly prohibited.
6. Sit-in of participant’s companion is strictly not allowed.

I believe those who want to register should fill-up and submit the following information sheet : INFOSHT ML3

For more details and inquiries

Please contact Urban Institute of Real Estate through the following:

• Cellphone: 0915-457-3596 or 0939-137-9242
• Email: urbanet.ph@gmail.com or info@urban-institute.com

Happy learning!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: Nothing to disclose. I will not earn anything if you will attend this course. However, I really do endorse this course. I consider Engineer Cruz as a true mentor which is why I am attending this course myself.

Would you like to learn more about investing in rental properties? is an original post from: Foreclosure Investing Philippines

I still can’t believe that as I write this, it has been more than 2 years since I last published a post auction listing. I was thinking to myself that since I have been attending just about every auction out there lately, I might as well start publishing post auction listings again. Let me start with the post auction listing for the 184th Special Public Auction of UnionBank foreclosed properties held last April 28, 2012.

What is a post auction listing?

If you have been following this blog early on, you already know what a post auction listing is. But for the benefit of those who don’t know yet, a post auction listing is simply a blog post where I share an updated listing which includes the foreclosed properties that were not sold during the auction, and are still available for negotiated sale.

What happened during the auction

I was early this time as EDSA traffic was relatively light. It seems the MMDA and Maynilad decided not to do any road maintenance or diggings unlike past Saturdays… thank God!

Because I was early, I had a chance to chat with fellow real estate investor friends of mine, who just happened to be there as well, and were about to bid on a foreclosed property.

Tip: Always be early when attending auctions. There’s no point in stressing yourself out because you were late. By being early, you also have spare time to mingle and talk to others who are also present (other bidders, real estate investors, real estate brokers, bank officers, etc.), aside from having ample time to register, review the auction guidelines, and get clarifications if needed.

I attended the auction mainly because someone inquired about a couple of properties in UnionBank’s listing and I was there just in case he decided to attend and would need my assistance. Anyway, he wasn’t able to make it to the auction, but I hope he gets to read the post auction listing below for his reference.

I also had a guest who attended as an observer to learn how a foreclosed property auction goes. Speaking of observers, I also noticed a number of TRP seminar attendees who were there to observe the auction proceedings.

I noticed this was a very well attended auction, the venue was quite full, and there were a lot of interested bidders. As usual, the auction went smoothly, it was very well organized, and it was finished in less than an hour. Nice!

List of remaining foreclosed properties

The list of remaining foreclosed properties can be downloaded below (just click on the image). Please take note that this list is based on my notes of the auction proceedings. Bear in mind that interested parties may have already submitted offers the following Monday after the auction. All are advised to confirm availability of the properties on the list.

184th UnionBank Special Public Auction (post auction listing) - PDF (click to download)

How to submit offers

If you are interested in submitting an offer for any of the available foreclosed properties on the list, you may submit your offer prior to the next auction of UnionBank (I am still waiting for the next auction date). All offers are subject to the bank management’s approval.

I have a recommended template interested parties can use to submit an offer, but I cannot publish it here as I have not yet obtained permission to do so. If you need assistance with submitting an offer, or if you have any questions, just let me know by leaving a comment below.

You may also call us through the following:

• Mobile phone:
• +63917-8843882
• +639178568573
• Wireless Landline:
• 964-9489
• 966-2541

The “fine print”

Keep these in mind when submitting an offer:

Commercial properties are subject to credit approval

CWT is for the account of the buyer

The sale is on an “as is where is” basis

Misprints are not misrepresentation of any property

UnionBank may, at anytime, withdraw any of the properties listed above

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: If a buyer will acknowledge me as their referror when an offer is submitted, I may receive referral fees (at no additional cost to the buyer). Thank you in advance for supporting our hard work and this website!

P.S. – Thanks again to Mr. Mon Castro, Mr. Edzel Babas, Mr. Lance Yadao, Mr. Ronald Panganiban, Ms. Jennifer Manuel, and the rest of the nice people from UnionBank for the warm reception, as always.

P.P.S. – Don’t forget to subscribe to get alerted through email when new and updated listings of foreclosed properties are published, just like this one.

Post Auction Listing: 184th UnionBank foreclosed properties auction is an original post from: Foreclosure Investing Philippines

When it comes to real estate investing, one cannot ignore the importance of due diligence. More so with foreclosed properties. This is because all foreclosed properties are for sale on an “as is where is” basis. But what does “as is where is” really mean?! Yes, I still get a lot of questions asking what this means, so I will try to answer it here.

What does the term “AS IS WHERE IS” mean?

In a nutshell, I believe the term “as is where is” simply means that the buyer will inherit all of the physical and legal conditions of the foreclosed property they are going to buy, as is! In essence, the definition of “as is where is” can be summarized as, you get everything that comes with a property, at its present condition, good or bad, when you buy it.

For example, if a property badly needs repairs, or if it has illegal occupants, or if the title of a foreclosed property has a problem, or if it is located beside a garbage dump or cemetery, etc, the buyer expressly agrees to buy the property in such condition. Any costs related to fixing any of these problems will be for the account of the buyer.

Tip: There are banks who shoulder arrears for real property taxes, condo or home owners association dues, electricity, water, etc., up to the date the property was purchased. You just need to verify this before you enter into a binding agreement, or before you make a bid during an auction.

This is the reason why banks highly encourage interested buyers to verify the physical and legal conditions of the foreclosed properties before they buy. Banks expect interested buyers to have already done their due diligence BEFORE the auction, or before signing a binding contract.

This leads to another common question:

“But shouldn’t the bank just tell me upfront if a foreclosed property has any problems, issues, special concerns, etc?”

While interested buyers can expect banks to have a full disclosure policy and disclose any information they have about their foreclosed properties for sale, I still believe that a prudent buyer should always do his/her own due diligence to verify if a target property has any pending court cases or lis pendens, liens, encumbrances, physical defects, or any technical problems/discrepancies, etc, just in case the bank was not aware of them, if any.

In other words, while you can expect the bank to tell you things as they really are, you still need to do your part by asking the right questions. And then you need to verify the answers that you will get as part of your due diligence. (You can checkout my 31 Questions you need to ask when inquiring about a foreclosed property as a point of reference).

Conclusion

I hope this has answered the question “What does as is where is mean?” and has further highlighted the need for due diligence. Remember, it does not matter if you are a real estate investor or if you are just looking for your own home, you still have to do your due diligence. It can help you distinguish a bad deal from a good one.

If you still have questions, please go ahead and ask them by leaving a comment below!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

P.S. – Don’t forget to subscribe to get alerted when new posts about foreclosed real estate investing are published, along with updated listings and public auction schedules.

What does “AS IS WHERE IS” mean? is an original post from: Foreclosure Investing Philippines