I'm literally cramming right now since later this day we're checking this unit for assume, and this is really informative. This is one of the few videos I checked that I truly understood how this Pasalo thing works. Explained it all clearly, not all over the place. You may have saved me from so much potential stress. Thank you so much!
Thanks a lot for all the valuable information it was indeed a very good content video. Good thing also that you have discussed abt the cgt as a lot of buyers and sellers are still not aware of it. As there are a lot of pasalo in the market at the moment i hope this is not the last video and looking forward for part 2. Other topics im keen to know are - factors to consider when buying the pasalo unit condition (wt or wtout tenants, rfo or before rfo) -time frame fr signing, payment and move in if rfo. - other tedious process we need to know like taking over of the bank loan or is it btr if its still under developer. - bank interest rate if existing like pre covid compare to now is it cheaper interest.
Great video richard saw your link from condo pasalo page. Request naman for your next content pros and cons selling condo unit before and after turn over :D
Regarding CGT, it's not just DMCI, it's happening to Shang properties too. There was no proper guidance from BIR or developer back then, so I think it's unfair na biglang maghahabol ang BIR otherwise the title won't be transferred sa buyer, especially if the seller is now nowhere to be found.
Thank you for this very important info, i finally understood what condo pasalo is. I came across your vlog with Mr.Germo and subscribed to your channel immediately...doing marathon for hours now. We bought a 2br South Residences (SMDC),turned over April 2019, supposedly a surprise gift for our disabled Dad (we got 2ndF unit), unfortunately passed on before it was turned over. Should we hold on to this property, rent or flip it? What are your thoughts on AirBnb rentals? Thanks. I am now a fan!
tama lang to para maeducate pati mg aagent na benta ng benta basta lang makabenta di iniisip ung mga buyer pde masira future finances dahil sa maling advises
By nature of CGT, the one who gains from the transaction pays for it (developer), though parties can stipulate otherwise kaya iniimpose na ni developer based on their experience ke BIR. This is duly noted. Truly a gray area.
Hi Richard. Is CGT required if one is selling prior to turnover, since the title is technically still owned by the developer? Or will the transfer fee be enough? Seems restrictive that a person would need to sell for at least 11% more than their purchase price just to make a profit. That's assuming we allot 5% for the agent + 6% CGT on the TCP (which btw was a shock for me, I thought it was only on the actual gain, hence the name).
Yes, this is the reason why I am doing this vlog to spread awareness. I am pretty shocked people don't know about this. Though it depends on the developer, you can get away with some without CGT, but no guarantee that BIR will not come after you, just like the case I presented in this vlog
as per BIR, transfer of title na. so may na create na na title na under sa first owner. pero if while wala pang title na produce, preselling/hndi pa tapos ung structure, and paying palang ng equities, baka wala pa CGT as early as that time
Nope wala, this is the first title kya nga DMCI is the one processing it. So from the Developer to the Pasalo Buyer they are charging capital gains. The Pasalo Buyer already paid transfer fees
Good day, Is it better to buy a pasalo or a prselling condo if you have cash to pay? What is your recommendation to buy if you have the cash? What is flipping real estate wise? Which area is good to buy. Properties that are high rental yield but not too expensive can you suggest?
Thank you so much Richard. Very informative. I think this has to be regulated para may guidelines lahat ng developers and protected din both buyers and sellers. Any update if may clear guidelines na on this one? Or depende pa din per developer?
Medyo hassle na po pala ang condo pasalo specially when you mentioned the capital gains should be paid from the bir knowing hindi to required dati then now nag hahabol na si BIR🤔🧐 Thanks for the updated info sir.
Hi po. May pre selling condo po ako na hinuhulugan for 5 years. Kaso nag bago po ang situation ko. Hindi ko na po kaya hulugan. 9 months pa lang po ako nakakapag hulog. pwede po kaya na pasalo yun kahit 9 months pa lang nahuhulugan? if pwede po, ano po kaya estimated transfer fee ng master deed?
sir mahirap gawin yung due diligence when it comes to CGT. wala padin namang rule sa DMCI na required ang CGT. ang nakalagay lang is si BIR pwedeng mag charge. walang guidelines at all ang BIR kaya ang gulo
Question po sa pasalo condo. Meron po akong nakuha na pasalo na condo 1.2m ang balance sa PAGIBIG, 28 years to pay. Siguro po kaya kong i-fully paid ng 7-9 years, including na po ang interest. Ano po kaya ang mas maganda na gawin? I-fully paid ko hangang ma-transfer sa may-ari ang title para ang babayaran ko na lang ay ang transfer of title sa Pagibig at capital gains tax? Kasi kung ipapa-transfer ko yung loan sa pangalan ko, may pinapabayaran pa na transfer of title sa developer na P100k daw sabi ng nakausap ko sa developer side. May nakakaalam po ba nito? Or kahit hintayin ko na ma-transfer yung title sa original owner, may babayaran pa rin ako sa developer? Malaking halaga din po kasi yung 100k.
Ang gulo naman ng BIR.. Di ba sa DMCI may Closing fee(10%+ of property price) na Capital Gains tax tapos bukod pa duon mag babayad pa uli yung pasalo buyer ng another Capital Gains Tax? Parang na doble yung Capital Gains Tax ng pasalo buyer... Tama ba?
@Richard Carvajal Can you explain, other than, this is the unit I want to buy. Why is pasalo units worth buying. Please help me understand this. If the owner took a loan to pay for the unit. and the first x number of yrs carry the highest interest rate. along with the rate fees that come with closing the deal. The real winner seems to be the seller. when actually most time your the one saving their butt from very high interest rate. Yes you get the unit at the old price. But you also have to pay them back all the high interest rate. when interest doest equal equality. How does this work in my favor?
In general you should not pay the interest you did not take. However if the interest is lower then the capital appreciation (lets say 6% per year condo price increase is at 10-12% per year) in general it will end up in your favor. Yes you earn less but you still win. Check your planned strategy when buying this unit
@@RichardCarvajal can you do a video on how to compute the above stagey please. ex. owner get loan am I suppose to minus his interest payment and only offer the equity he has paid as a cash out? most of them would consider that a lost. since they thought when they were paying back the loan they were actually gaining equity. or am I thinking about this wrong? please advise.
mayron po akong cient na fullly paid na yung unit nya then mayron na akong buyer what are the requirements needed for the transfer of title to the new owner. thanks
Who really needs to pay the CGT? Kasi po, our buyer is insisting all in arrangements. Is it the buyer or the seller? Soon I might shift to real estate Vlogs, he he.
Both are completely different, Pasalo you usually you get little to no profit from it, and the intent of pasalo most of the time is to dispose the unit or at least to retrieve most of your investment. Flipping is entirely the opposite, you profit massively from it, usually 80%-200% profit within a few years or even less.
@@RichardCarvajal Hi sir pero parehas po silang my intent to dispose the unit tama po ba? and meaning if you purchase the unit in preselling then you plan to sell it for example after 2years kapag nag appreciate na yung value khit dipa fully paid ung downpayment mo ipapasalo mo na sya or ibebenta mo since nag appreciate na yung value, so ano ang tawag sa gnyang process is it pasalo or flip? Thanks in advance sir richard sana po masagot
Wala namang kaming binayarang 3months advance payment sa DMCI nung binili namin sa seller. Transfer fee lang. isa pa din sa pinakamura ang DMCI P50,000 unlike other developers
That's because the process of DMCI is to hold the postdated check of the original buyer for 2-3 months, even after you buy the property. Meaning di mo siya naramdaman kasi including yung advance sa payment mo kay seller. DMCI does not allow check pull out until the CTS of the second buyer is ready for release (which takes 2-3 months) so during that time check parin ni original buyer ginagamit but in cases the buyer has no money to shell out or nag bobounce na check niya you will be the one to shoulder it in advance
Then as per the release of the new CTS, DMCI will still use the one month check of the old buyer. If the CTS was released September 15, the new buyer would only start paying via post-dated checks by October 15 even if you purchased the property in July. Usually nangyayari sa pasalo for dmci wala na talaga cash yun seller so you will have to advance it
Why in the world would I pay the previous owner all of what they paid into the condo? So they pretty much lived there all that time for free then? Most times I thought pasalo is used when the owner, for one reason or the other, is unable to or having difficulty paying the mortgage. This is a foolish concept, hard pass- I'll just bid on it when its on foreclosure.
Hi Richard, need your advise po sana, is it right n magbayad ng full payment sa developer while ung Notarized CTS nila is without developer signature, after ko lng daw mag full payment then panotarized nila ulit? Im not trusting this bka mahirapan ako maghabol sa CTS after magbayd sa knila. They gave me a deadline and 3% interest charge if i don't pay this end of Jan pero sila ung may mistake sa documentation under Century properties
Hi Richard,great channel very informative.Kindly pls help me.I had a condo worth 519k n bought on a 12mos equal payments without interest n fully paid.Unti my sister agent offered this to someone else on a rent to own with an option to buy.Their contract is 3 months advance on 4k monthly amortization for 15 yrs. They started year 2007.I was aware that they don't pay on time ..and this year 202O pandemic to they missed paying for April n May.i ask them to pay but they threatened me to reported to Raffy Tulfo dahil ginigipit ko DAW cla .during that time the original buyer told me that she doesn't live in the property but her brother till now they have not yet paid the 2020 April n May ..and the contract will end on January 2023.Do U think they have the right to gain the property?,Because according to the contract they sign once they missed any payment will lose their right or option to buy the property n any late payment will incur 2% interest which is totally ignored by them.I don't know wat will happen.Pls Richard can U advice me.Thank you
Hi richard, I guess this video pertains to condo pasalo after downpayment period and turn over with title already with the original buyer since you talk about capital gains tax. Are you considering doing a video about a condo pasalo under the downpayment period?
@@RichardCarvajal if this is during the downpayment period, how come ma capital gains if you will just "assume" what is in the CTS Contract to Sell of the original buyer? Balik taya, balik hulog kaysa mag MACEDA Law si original buyer ng condo (seller), he would rather pa condo pasalo the unit maximizing the return of his invested capital. Is it still considered condo pasalo if you sell it with a gain higher than the TCP Total Contract Price in the CTS Contract To Sell? Isn't that flipping na?
@@jonathansoriano8 yes as I said sa vlog some developers would require capital gains such as ayala, while some will regulate it upon payment of a certain percentage such as 30-50% its not always dahil pasalo means walang capital gains
Once iturn over na at process na ng title from developer to buyers chances nlng na macheck ng BIR yung mga may transaction o pag iba ng owner sa ctc.. depende pa din kung macheck ng BIR kung hindi suwerte walang cgt
Sir baka interested ka condo pasalo balik hulog lng. Studio at 2br at 2parking slots sa San Antonio residences, Makati by megaworld. Studio cash out is 1.2M, TCP 3.5M.. 2BR UNIT cash-out is 3M, TCP at 7.3M
Sir, baka po pede nyo akung matulungan. Gusto kuna po sanang ipasalo ung condong nabili ko sa grass residence beside sm north edsa. Kht same lng po ng bili ko dati 2.5milyon finish napo sya ready to rent na po. Nahirapan na po kc akung byrn ung monthly amortization ko sa bank. Sana po mtulungn nyo po ako. Thanks po.
Hi! I'm the original buyer of a condo unit and I already paid about 21%. They are still going to transfer the title under my name 3 months from now. I plan to sell it so the buyer will be the one to take the title of the condo unit. Is it possible that the total money I gave will be given back ? May you give me advise about this so I can have my total money back. Thank you
How about the policy when you transfer your payments to another tower within the same project? My developer said only 70% of my total payments will be credited.
Should be fully credited as upgrades are always favourable to the developer. However, it would depend on the agreement written in the contract to sell.
@@RichardCarvajal I am a victim of that. I was even deducted 50 % . And I do not see anything wrong with the transfer since I acquired a bigger unit on the same project. Only reason was " management decision " daw but no clarification on what basis 🤔
@@RichardCarvajal thanks for replying. It's in Arcovia.. they said it's the policy of Megaworld. It should be considered an upgrade because the price is higher per sqm than the other tower.
Another valuable video. Thank you. . I like to listen to you but the way you talk sometimes pulls me off the vid. Sounds like I am listening to a teenager who knows real-estate. This is an area of improvement for a more professional image. I hope you take this feedback constructively. 🌝
Thanks for the comment. Unfortunately, I can't change the way I deliver as it won't look natural as this is how I talk. It's hard enough to look for the motivation to do educational UA-cam videos as the effort of speaking while thinking and being conscious in the camera makes me slow down. I am trying my best though to help for free
@Richard Carvajal. I'm just letting you know, you really did well on explaining everything clearly. You seemed to be good at it. Keep up the good work on giving us valuable informations regarding the pasalo properties. I am sure it's a big help for everyone who needs it. Thank you.
Not worth nag papa salo sila tapos gusto nila ganon pa din price never hahahah bahala sila manre claimbng developer yung unit tilk hindi nila mabayaran
Flipping is a strategy you buy you earn, and you sell in a short amount of time. condo pasalo is selling at minimum gain, breakeven or getting your money back lang
Hi richard.. Need ko sana ng help mo gusto ko sanang ipasalo na yung condo ko from smdc kaso wala akong kilala na license broker para maghanap ng buyer..baka matulungan mo ako.. salamat.
I'm literally cramming right now since later this day we're checking this unit for assume, and this is really informative. This is one of the few videos I checked that I truly understood how this Pasalo thing works. Explained it all clearly, not all over the place. You may have saved me from so much potential stress. Thank you so much!
Thanks a lot for all the valuable information it was indeed a very good content video. Good thing also that you have discussed abt the cgt as a lot of buyers and sellers are still not aware of it.
As there are a lot of pasalo in the market at the moment i hope this is not the last video and looking forward for part 2.
Other topics im keen to know are
- factors to consider when buying the pasalo unit condition (wt or wtout tenants, rfo or before rfo)
-time frame fr signing, payment and move in if rfo.
- other tedious process we need to know like taking over of the bank loan or is it btr if its still under developer.
- bank interest rate if existing like pre covid compare to now is it cheaper interest.
Great video richard saw your link from condo pasalo page. Request naman for your next content pros and cons selling condo unit before and after turn over :D
Hello great thanks for coming here! hope you can check out my other content as well i have like 50! 😀
Regarding CGT, it's not just DMCI, it's happening to Shang properties too. There was no proper guidance from BIR or developer back then, so I think it's unfair na biglang maghahabol ang BIR otherwise the title won't be transferred sa buyer, especially if the seller is now nowhere to be found.
Wow! So informative and timely. Thank you so much Sir. ❤
Can you recommend a list of real estate brokers who specilaize in "PASALO" who are honest and legitimate?
Thanks a lot Prof very informative.
Thank you for this very important info, i finally understood what condo pasalo is. I came across your vlog with Mr.Germo and subscribed to your channel immediately...doing marathon for hours now. We bought a 2br South Residences (SMDC),turned over April 2019, supposedly a surprise gift for our disabled Dad (we got 2ndF unit), unfortunately passed on before it was turned over. Should we hold on to this property, rent or flip it? What are your thoughts on AirBnb rentals? Thanks. I am now a fan!
Thanx for this. Very informative
tama lang to para maeducate pati mg aagent na benta ng benta basta lang makabenta di iniisip ung mga buyer pde masira future finances dahil sa maling advises
By nature of CGT, the one who gains from the transaction pays for it (developer), though parties can stipulate otherwise kaya iniimpose na ni developer based on their experience ke BIR. This is duly noted. Truly a gray area.
timing your vlog lodi! 👏👏👏
got your email / message will reply soon!
@@RichardCarvajal looking forward lods 🙏🏻🙂
Need pa rin pala pay yung CGT even if transfer fee is paid. Thank you for this very important detail/info Richard. :)
Yes so careful sa condo pasalo!
Hi Richard. Is CGT required if one is selling prior to turnover, since the title is technically still owned by the developer? Or will the transfer fee be enough?
Seems restrictive that a person would need to sell for at least 11% more than their purchase price just to make a profit. That's assuming we allot 5% for the agent + 6% CGT on the TCP (which btw was a shock for me, I thought it was only on the actual gain, hence the name).
Yes, this is the reason why I am doing this vlog to spread awareness. I am pretty shocked people don't know about this. Though it depends on the developer, you can get away with some without CGT, but no guarantee that BIR will not come after you, just like the case I presented in this vlog
as per BIR, transfer of title na. so may na create na na title na under sa first owner. pero if while wala pang title na produce, preselling/hndi pa tapos ung structure, and paying palang ng equities, baka wala pa CGT as early as that time
Nope wala, this is the first title kya nga DMCI is the one processing it. So from the Developer to the Pasalo Buyer they are charging capital gains. The Pasalo Buyer already paid transfer fees
Mate, this vlog was very helpful 👌 thanks.
sir magkano tax sa bir,san base ang tax,sa selling price or zonal value?
Good day,
Is it better to buy a pasalo or a prselling condo if you have cash to pay? What is your recommendation to buy if you have the cash?
What is flipping real estate wise?
Which area is good to buy. Properties that are high rental yield but not too expensive can you suggest?
Thanks RealPro, very informative!
Sir richard can you help me how to turn over fast my condo in alabang? tnx.
Done with the registration po Sir Richard ☺️
Uy see you!
Thanks for info! Appreciate it much!❤
Saw this in fb.
Thank you for guidelines and reminders.
@Richard Carvajal fake account
Thank you, I removed it and reported it to youtube.
Kahit ba nasa Bank financing na, sa developer pa rin kami cocontact if gustu naming ibenta etong condo?
Is it correct to say that the requirements for pasalo and flipping, as far as the developer is concerned, are the same?
Thank you very helpful!
Thank you so much Richard. Very informative. I think this has to be regulated para may guidelines lahat ng developers and protected din both buyers and sellers.
Any update if may clear guidelines na on this one? Or depende pa din per developer?
Hi Richard, question what is TCP (total contract price) they are mentioning when you see condo pasalo ads and how it is computed?
Very informative 👍
Thanks for watching!
Medyo hassle na po pala ang condo pasalo specially when you mentioned the capital gains should be paid from the bir knowing hindi to required dati then now nag hahabol na si BIR🤔🧐
Thanks for the updated info sir.
Hi po. May pre selling condo po ako na hinuhulugan for 5 years. Kaso nag bago po ang situation ko. Hindi ko na po kaya hulugan. 9 months pa lang po ako nakakapag hulog.
pwede po kaya na pasalo yun kahit 9 months pa lang nahuhulugan? if pwede po, ano po kaya estimated transfer fee ng master deed?
ang pogi! sarap mkinig dto pag podcast
Very informative po sir thank u so much po. Meron pa po ba kayo seminar for the certificate for real estate? Thank you
Richard gusto ko lang itanong kung gaano katagal mag hintay ng letter of undertaking ng isang condo
sir mahirap gawin yung due diligence when it comes to CGT.
wala padin namang rule sa DMCI na required ang CGT. ang nakalagay lang is si BIR pwedeng mag charge.
walang guidelines at all ang BIR kaya ang gulo
Question po sa pasalo condo.
Meron po akong nakuha na pasalo na condo 1.2m ang balance sa PAGIBIG, 28 years to pay.
Siguro po kaya kong i-fully paid ng 7-9 years, including na po ang interest.
Ano po kaya ang mas maganda na gawin?
I-fully paid ko hangang ma-transfer sa may-ari ang title para ang babayaran ko na lang ay ang transfer of title sa Pagibig at capital gains tax?
Kasi kung ipapa-transfer ko yung loan sa pangalan ko, may pinapabayaran pa na transfer of title sa developer na P100k daw sabi ng nakausap ko sa developer side.
May nakakaalam po ba nito?
Or kahit hintayin ko na ma-transfer yung title sa original owner, may babayaran pa rin ako sa developer?
Malaking halaga din po kasi yung 100k.
When is your next Basics of Real Estate Session?
thanks so much for your info
Thank you for the information :)
Welcome!
Real good info ,thank you so much:) May I ask, ARe the two seminars in your link r webinars? thru zoom? or in person?
Zoom 😀
Sana Meron nag hanap pasalo na condo dito. Trees residences SMDC 1bed room. Bali turn over na sya sa August 2023.
Hi sir thank u for this video.. do u happen to know RLC guidelines sir?
Just 50K transfer fee one of the cheapest. I have not encountered restrictions for RLC quite easy to deal with. Hope it won't change
Thank your for the FYI
very helpful
Sir binebenta ko na po un condo ko sa boni baka gusto nyo po pasalo din done paying at 20%
Ang gulo naman ng BIR.. Di ba sa DMCI may Closing fee(10%+ of property price) na Capital Gains tax tapos bukod pa duon mag babayad pa uli yung pasalo buyer ng another Capital Gains Tax?
Parang na doble yung Capital Gains Tax ng pasalo buyer...
Tama ba?
hello, may i know sang dmci property ung example mo na nasubject sa BIR CGT and ilang bedroom sya?
@Richard Carvajal Can you explain, other than, this is the unit I want to buy. Why is pasalo units worth buying. Please help me understand this. If the owner took a loan to pay for the unit. and the first x number of yrs carry the highest interest rate. along with the rate fees that come with closing the deal. The real winner seems to be the seller. when actually most time your the one saving their butt from very high interest rate. Yes you get the unit at the old price. But you also have to pay them back all the high interest rate. when interest doest equal equality. How does this work in my favor?
In general you should not pay the interest you did not take. However if the interest is lower then the capital appreciation (lets say 6% per year condo price increase is at 10-12% per year) in general it will end up in your favor. Yes you earn less but you still win. Check your planned strategy when buying this unit
@@RichardCarvajal can you do a video on how to compute the above stagey please. ex. owner get loan am I suppose to minus his interest payment and only offer the
equity he has paid as a cash out? most of them would consider that a lost. since they thought when they were paying back the loan they were actually gaining equity. or am I thinking about this wrong? please advise.
Stay away from this condo pasalo...too many complicated hidden fees. Why take over this headache from a distress seller?
mayron po akong cient na fullly paid na yung unit nya then mayron na akong buyer what are the requirements needed for the transfer of title to the new owner. thanks
I am trying to buy a condo pasalo from Shore 2 in Moa. Any advise what I must know and be careful for?
Who really needs to pay the CGT? Kasi po, our buyer is insisting all in arrangements. Is it the buyer or the seller? Soon I might shift to real estate Vlogs, he he.
Hi Sir Richard
Pasalo condo and condo flipping is still the same right?
Both are completely different, Pasalo you usually you get little to no profit from it, and the intent of pasalo most of the time is to dispose the unit or at least to retrieve most of your investment. Flipping is entirely the opposite, you profit massively from it, usually 80%-200% profit within a few years or even less.
What is flipping?
@@RichardCarvajal Hi sir pero parehas po silang my intent to dispose the unit tama po ba? and meaning if you purchase the unit in preselling then you plan to sell it for example after 2years kapag nag appreciate na yung value khit dipa fully paid ung downpayment mo ipapasalo mo na sya or ibebenta mo since nag appreciate na yung value, so ano ang tawag sa gnyang process is it pasalo or flip?
Thanks in advance sir richard sana po masagot
Wala namang kaming binayarang 3months advance payment sa DMCI nung binili namin sa seller. Transfer fee lang. isa pa din sa pinakamura ang DMCI P50,000 unlike other developers
That's because the process of DMCI is to hold the postdated check of the original buyer for 2-3 months, even after you buy the property. Meaning di mo siya naramdaman kasi including yung advance sa payment mo kay seller. DMCI does not allow check pull out until the CTS of the second buyer is ready for release (which takes 2-3 months) so during that time check parin ni original buyer ginagamit but in cases the buyer has no money to shell out or nag bobounce na check niya you will be the one to shoulder it in advance
Then as per the release of the new CTS, DMCI will still use the one month check of the old buyer. If the CTS was released September 15, the new buyer would only start paying via post-dated checks by October 15 even if you purchased the property in July. Usually nangyayari sa pasalo for dmci wala na talaga cash yun seller so you will have to advance it
Kamusta po ang property ng DCMI meron.po ba kayong na encounter na problema?
Is pasalo also called assume?
Why in the world would I pay the previous owner all of what they paid into the condo? So they pretty much lived there all that time for free then? Most times I thought pasalo is used when the owner, for one reason or the other, is unable to or having difficulty paying the mortgage. This is a foolish concept, hard pass- I'll just bid on it when its on foreclosure.
Paano kung pasalo ng anak sa magulang ...no payment just pasa na lang sa magulang
What if preselling palang 2024 pa turn over? May gct paba si buyer na babayaran?
Hi Richard, need your advise po sana, is it right n magbayad ng full payment sa developer while ung Notarized CTS nila is without developer signature, after ko lng daw mag full payment then panotarized nila ulit? Im not trusting this bka mahirapan ako maghabol sa CTS after magbayd sa knila. They gave me a deadline and 3% interest charge if i don't pay this end of Jan pero sila ung may mistake sa documentation under Century properties
good day pwede po bang magtanong
sir baka po pwede nyo q matulungan gusto q sana epasalo nalg yung condo na nabili q po...
Hello,pwede mo ba ko matulungan,gusto ko ng ipasalo ang condo unit ko sa Field Residences 5 turn 0ver na to nung Sept.2021 thanks.
Hi Richard,great channel very informative.Kindly pls help me.I had a condo worth 519k n bought on a 12mos equal payments without interest n fully paid.Unti my sister agent offered this to someone else on a rent to own with an option to buy.Their contract is 3 months advance on 4k monthly amortization for 15 yrs. They started year 2007.I was aware that they don't pay on time ..and this year 202O pandemic to they missed paying for April n May.i ask them to pay but they threatened me to reported to Raffy Tulfo dahil ginigipit ko DAW cla .during that time the original buyer told me that she doesn't live in the property but her brother till now they have not yet paid the 2020 April n May ..and the contract will end on January 2023.Do U think they have the right to gain the property?,Because according to the contract they sign once they missed any payment will lose their right or option to buy the property n any late payment will incur 2% interest which is totally ignored by them.I don't know wat will happen.Pls Richard can U advice me.Thank you
Hi richard, I guess this video pertains to condo pasalo after downpayment period and turn over with title already with the original buyer since you talk about capital gains tax.
Are you considering doing a video about a condo pasalo under the downpayment period?
Hi sir, this is the condo pasalo DURING the downpayment period 😀 you can watch it again; I explained it as through; however it is complicated talaga.
@@RichardCarvajal if this is during the downpayment period, how come ma capital gains if you will just "assume" what is in the CTS Contract to Sell of the original buyer?
Balik taya, balik hulog kaysa mag MACEDA Law si original buyer ng condo (seller), he would rather pa condo pasalo the unit maximizing the return of his invested capital.
Is it still considered condo pasalo if you sell it with a gain higher than the TCP Total Contract Price in the CTS Contract To Sell? Isn't that flipping na?
@@jonathansoriano8 yes as I said sa vlog some developers would require capital gains such as ayala, while some will regulate it upon payment of a certain percentage such as 30-50% its not always dahil pasalo means walang capital gains
Once iturn over na at process na ng title from developer to buyers chances nlng na macheck ng BIR yung mga may transaction o pag iba ng owner sa ctc.. depende pa din kung macheck ng BIR kung hindi suwerte walang cgt
And i think if the transaction happens less than 5months before turn over may CGT na.
Sir baka interested ka condo pasalo balik hulog lng. Studio at 2br at 2parking slots sa San Antonio residences, Makati by megaworld. Studio cash out is 1.2M, TCP 3.5M.. 2BR UNIT cash-out is 3M, TCP at 7.3M
Sir, baka po pede nyo akung matulungan. Gusto kuna po sanang ipasalo ung condong nabili ko sa grass residence beside sm north edsa. Kht same lng po ng bili ko dati 2.5milyon finish napo sya ready to rent na po. Nahirapan na po kc akung byrn ung monthly amortization ko sa bank. Sana po mtulungn nyo po ako. Thanks po.
Hi, Anong tower po kayo sa Grass?
Hi, nung unit size po nila?.
Hi thanks for the reply. Tower 5 po ako. And 21 to 24 square meter po ang unit ko.
Hi! I'm the original buyer of a condo unit and I already paid about 21%. They are still going to transfer the title under my name 3 months from now. I plan to sell it so the buyer will be the one to take the title of the condo unit. Is it possible that the total money I gave will be given back ? May you give me advise about this so I can have my total money back. Thank you
Hi maam good day. Up on your concern, are you able to sell your unit prior the TO? Ask ko lang sana naging process. Thanks
How about the policy when you transfer your payments to another tower within the same project? My developer said only 70% of my total payments will be credited.
Should be fully credited as upgrades are always favourable to the developer. However, it would depend on the agreement written in the contract to sell.
@@RichardCarvajal I am a victim of that. I was even deducted 50 % . And I do not see anything wrong with the transfer since I acquired a bigger unit on the same project. Only reason was " management decision " daw but no clarification on what basis 🤔
@@RichardCarvajal thanks for replying. It's in Arcovia.. they said it's the policy of Megaworld. It should be considered an upgrade because the price is higher per sqm than the other tower.
i have a condo in chimes greenhills 33.67sqm 1 br. 4m inclusive of cgt. current price is 6.7m. maybe someone interested or agent to sell my unit.
Another valuable video. Thank you.
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I like to listen to you but the way you talk sometimes pulls me off the vid. Sounds like I am listening to a teenager who knows real-estate. This is an area of improvement for a more professional image. I hope you take this feedback constructively. 🌝
Thanks for the comment. Unfortunately, I can't change the way I deliver as it won't look natural as this is how I talk. It's hard enough to look for the motivation to do educational UA-cam videos as the effort of speaking while thinking and being conscious in the camera makes me slow down. I am trying my best though to help for free
@Richard Carvajal. I'm just letting you know, you really did well on explaining everything clearly. You seemed to be good at it. Keep up the good work on giving us valuable informations regarding the pasalo properties. I am sure it's a big help for everyone who needs it. Thank you.
hello sir baka po pwedi mo ako help pasalo ko ang condo ko 2bedroom pree selling xa location imus cavity.
Not worth nag papa salo sila tapos gusto nila ganon pa din price never hahahah bahala sila manre claimbng developer yung unit tilk hindi nila mabayaran
Is condo pasalo same concept as flipping po ba? Or exactly the same po sya?
Flipping is a strategy you buy you earn, and you sell in a short amount of time. condo pasalo is selling at minimum gain, breakeven or getting your money back lang
Hi richard.. Need ko sana ng help mo gusto ko sanang ipasalo na yung condo ko from smdc kaso wala akong kilala na license broker para maghanap ng buyer..baka matulungan mo ako.. salamat.
Hi interested
Pd bang Tagalog.. pilipino nman tayo eh.. d nman tayo ibang lahi…