Reposting: I was told I only had a few minutes left during my talk which is why I went through everything quickly. I can expound on these in other videos if you want, let me know in the comments. Of course, these are just the top mistakes I wanted to discuss in the small time I was given. In the future, I can tackle more real estate investing mistakes that should be avoided. Subscribe to get notified when I upload more videos about real estate investing/foreclosed properties in the Philippines. Click on the following link to subscribe: 👉 bit.ly/3dDR0e0 This is part of a playlist that covers real estate investing for beginners in the Philippines. Check out the playlist below: 👉 ua-cam.com/play/PLP2_sYdZucs4ytnJwXyvPgoCBKErZHpsR.html
Hi jay, I’m glad I found this video before ako mag down for investing sa condo. I will visit the bank immediately and ask for pre-qualifications. Meet kasi namin nung agent for real estate will be on thrusday, before saba ako mag proceed mas ok na po macheck ko muna. Thank you for your video.
You're welcome Jhoy, thank you also for the feedback, really appreciate it. I hope you'll have a smooth and hassle-free transaction if you decide to push through based on your prequalification results.
Hi Jay - it's been awhile since I watched you conducting a seminar, but as always, I enjoyed and learned from the expert like you. I've been practicing Real Estate in the State of Colorado for 31 years and believe me, the mechanics of the business is very similar if not the same, with what we have there in the PI. Caveat Emptor (buyer beware) no warranty and you're taking the risk. Question: Would the bank/note holder of foreclosed properties allow the buyer/s to conduct physical inspection, including sewer and septic test? And, if it's being done prior to closing? Thank you.
Hello Esther, thanks for the kind words! Yeah, should be basically the same, especially the "as-is, where-is" clause. Regarding physical inspection, yes, as long as the bank has possession and control of the property, they give prospective buyers the chance to inspect as much as needed BEFORE closing, and that should include sewer/septic tank inspection.
Hello everyone, sorry almost all my comments have disappeared (except yung may comment thread as ilalim) after I changed my youtube channel from personal to brand channel (so I can assign people to help manage my channel). Anyway, I prepared for this by making a backup of all comments and I am manually restoring all comments for all videos. Please disregard new notifications for replies to your comments when I restore them. Thanks.
Hi Jay, question po i am a first time trying to get a foreclosed property and i saw on forclosed list minimum to bid is for example 800k. And with this foreclosed amount can i enroll this thru pag ibig amortization? Upon checking on pag ibig office my loanable approved amount is less than 1M. Is it most likely this will be approved if no one buys it. Just me who bids? Havent seen the rest of your videos tho but thank you for answering my ignorance.haha
Hi po, found a foreclosed property po in a subdivision na pasok po sa budget ko, kaso lang the property is occupied. I heard a lot of negative thoughts na dont buy occuoied property pero in case I reaally wnat it po, what is the best way po to make sure na yung occupant ay aalis?
Sir ask ko lang po saan kaya pidi ilapit yun problem ko nakakuha po ako house foreclosures. Piro ayaw po umalis ng nakatira nag babayad na po ako ng monthly.
Hi @UI Zen, baka naman hindi kayo nagkaintindihan nung bank mo, or baka iba tawag nila sa pag pre-qualify? Tingin ko kahit sinong loan officer na alam trabaho niya, tutulungan ka malaman up to how much pwede mo i-loan based sa salary mo.
Hi Jerson, pwede din sa Pag-IBIG, iba lang yung amount nung mafoforfeit, parang maximum na yung 5% ang ifoforfeit ni Pag-IBIG pag hindi natuloy ang transaction dahil sa buyer.
Ask ko sir, planning ko bumili ng agricultural land Mura Lang, at gusto kong gagawin resident Subdivision, pwdi bang ganung idea? Anong risk na ma in counter ko sa pagbili ng ganung idea,
Hi @James P, sa pagkakaintindi ko kailangan mo pa ipa-convert yung classification ng agricultural to residential sa city hall/munisipyo. Kung hindi mo i-convert, malamang hindi ka payagan mag construct (baka hindi ka bigyan ng building permit), hindi rin sila papayag na i-idevelop yung lupa into residential kung hindi ayon sa zoning, unless may nauna na at naging residential na yung actual use. Naalala ko din, may sinabi nuon nung bagong elect si President Duterte na bawal muna ang conversion ng agricutural to residential pero hindi ko na alam ano status nun.
@@margaritoapelanio Hindi ako familiar sa requirements para sa private cemetery, depende na siguro sa location kung ma-aapprove. May posibleng issue kasi yan sa sanitation, etc.
Hello sir, i read the book that you highly recommend (Think rich pinoy) and it opened my eyes. Im willing to do what it takes to get in the game of real estate. If only i could get a mentor to guide me. Maybe you can sir. Or somebody that can.
Pwede mga accredited na licensed real estate brokers/salespersons tumuloing sa paghanap, siyempre kailangan mo sila i-acknowledge para may commission/professional fee sila. Exception lang kay pag-IBIG kasi hindi na allowed sa ngayon.
Good day Sir Jay.. I am an OFW and my parents are still in the Philippines. We really want to know the status of the unit beside our house in Bulacan, you told me before to call the office and ask them, unfortunately, my parents are old and they cannot do that. I wonder if there are other means for me to know the information I need? Toll free number? Email address? Or if somebody can call for us? Please help. Thank you very much and God bless you po.
sir good day po. im a ofw! dream ko kuha ng property. along the calamba sir. pwidi po pasearch? forclosed po sir. salamat po and godbless more power sir.
Hi Mark, yes happy to help. nag search ako, almost 100 ang nakita ko as of today para sa foreclosed properties in Calamba, eto link: www.foreclosurephilippines.com/classifieds/?reveal_hidden=1&_form_scheme_id=98514&location=Calamba%3B+&advert_search_blank_price%5B0%5D=0&adverts_sort=price-asc
Reposting: I was told I only had a few minutes left during my talk which is why I went through everything quickly. I can expound on these in other videos if you want, let me know in the comments.
Of course, these are just the top mistakes I wanted to discuss in the small time I was given. In the future, I can tackle more real estate investing mistakes that should be avoided.
Subscribe to get notified when I upload more videos about real estate investing/foreclosed properties in the Philippines. Click on the following link to subscribe:
👉 bit.ly/3dDR0e0
This is part of a playlist that covers real estate investing for beginners in the Philippines. Check out the playlist below:
👉 ua-cam.com/play/PLP2_sYdZucs4ytnJwXyvPgoCBKErZHpsR.html
Hi jay, I’m glad I found this video before ako mag down for investing sa condo. I will visit the bank immediately and ask for pre-qualifications. Meet kasi namin nung agent for real estate will be on thrusday, before saba ako mag proceed mas ok na po macheck ko muna. Thank you for your video.
You're welcome Jhoy, thank you also for the feedback, really appreciate it. I hope you'll have a smooth and hassle-free transaction if you decide to push through based on your prequalification results.
Thank you sir Jay..I am looking for this kind of knowledge..
You're welcome and thank you too! What topic would you like to see next?
Sir Jay short and compact info. Thank you.
Hi Jay - it's been awhile since I watched you conducting a seminar, but as always,
I enjoyed and learned from the expert like you. I've been practicing Real Estate in the State of Colorado for 31 years and believe me, the mechanics of the business is very similar if not the same, with what we have there in the PI. Caveat Emptor (buyer beware) no warranty and you're taking the risk. Question: Would the bank/note holder of foreclosed properties allow the buyer/s to conduct physical inspection, including sewer and septic test? And, if it's being done prior to closing? Thank you.
Hello Esther, thanks for the kind words! Yeah, should be basically the same, especially the "as-is, where-is" clause. Regarding physical inspection, yes, as long as the bank has possession and control of the property, they give prospective buyers the chance to inspect as much as needed BEFORE closing, and that should include sewer/septic tank inspection.
Awesome info sir Jay! Thank you! Keep safe!
Overall, sa experience nyo sir, saan mas ok mag invest between preselling and foreclosed?
Awesome tips as always Sir Jay! Glad to have your videos handy for future reference. God bless po
Thanks again Anne, really appreciate your feedback! God bless you too
Salamat again sir Jay..
More learnings about real estate.. 💓
Hello everyone, sorry almost all my comments have disappeared (except yung may comment thread as ilalim) after I changed my youtube channel from personal to brand channel (so I can assign people to help manage my channel). Anyway, I prepared for this by making a backup of all comments and I am manually restoring all comments for all videos. Please disregard new notifications for replies to your comments when I restore them. Thanks.
Maraming salamat po talaga dito sobrang nakakatulong po Ito
You're welcome Ms. Efmari, salamat din!
Very informative. Thank you sir
Sir Jay, pwede mag tanong why BFS properties usually ayaw nila e finance sa Bank or Pag-ibig? Salamat po.
Sir may i ask help guidance how would i start my real estate broker profession i got busy my surveying work here in bohol i dont have sales yet.
Hi Jay, question po i am a first time trying to get a foreclosed property and i saw on forclosed list minimum to bid is for example 800k. And with this foreclosed amount can i enroll this thru pag ibig amortization? Upon checking on pag ibig office my loanable approved amount is less than 1M. Is it most likely this will be approved if no one buys it. Just me who bids? Havent seen the rest of your videos tho but thank you for answering my ignorance.haha
Hi po, found a foreclosed property po in a subdivision na pasok po sa budget ko, kaso lang the property is occupied. I heard a lot of negative thoughts na dont buy occuoied property pero in case I reaally wnat it po, what is the best way po to make sure na yung occupant ay aalis?
Sir jay nakaka tanggap napo ako ng mga list sa email na forclose salamat po ng marami this sunday try namin mag ikot ikot sa part ng bulacan. Godbess
Sir ask ko lang po saan kaya pidi ilapit yun problem ko nakakuha po ako house foreclosures.
Piro ayaw po umalis ng nakatira nag babayad na po ako ng monthly.
Good afternoon po. How about po yung abandoned foreclosed property? Ok po ba yun sir?
Sir puede pong makita yung link dto po sa magdalena 1,2,3 sa me north caloocan bale sa camarin caloocan
New subscriber here po. Thank you po for sharing your knowledge.
Subscribed, pareng Jay
Glad to see you here pareng Ian, salamat!
Hi sir how to talk to you about sa foreclosed property na kita ko i needed it badly
Sir nag inquire ako sa bank ko kung nag ppre qualify sila....sbi ndi daw. Ano2 po un mga banks na pwede mag pa pre qualify?
Hi @UI Zen, baka naman hindi kayo nagkaintindihan nung bank mo, or baka iba tawag nila sa pag pre-qualify? Tingin ko kahit sinong loan officer na alam trabaho niya, tutulungan ka malaman up to how much pwede mo i-loan based sa salary mo.
Hellow sir applicable din po ba yan sir sa pagibig negotiable and sa auction bidding yung no 1 nyu po na mistake nang bigginer
Hi Jerson, pwede din sa Pag-IBIG, iba lang yung amount nung mafoforfeit, parang maximum na yung 5% ang ifoforfeit ni Pag-IBIG pag hindi natuloy ang transaction dahil sa buyer.
Ask ko sir, planning ko bumili ng agricultural land Mura Lang, at gusto kong gagawin resident Subdivision, pwdi bang ganung idea? Anong risk na ma in counter ko sa pagbili ng ganung idea,
@@JayCastillo sir if hindi pwd maging residential ang agricultural land, pwd po ba private cemetery I develop ang lupa.
Hi @James P, sa pagkakaintindi ko kailangan mo pa ipa-convert yung classification ng agricultural to residential sa city hall/munisipyo. Kung hindi mo i-convert, malamang hindi ka payagan mag construct (baka hindi ka bigyan ng building permit), hindi rin sila papayag na i-idevelop yung lupa into residential kung hindi ayon sa zoning, unless may nauna na at naging residential na yung actual use. Naalala ko din, may sinabi nuon nung bagong elect si President Duterte na bawal muna ang conversion ng agricutural to residential pero hindi ko na alam ano status nun.
@@margaritoapelanio Hindi ako familiar sa requirements para sa private cemetery, depende na siguro sa location kung ma-aapprove. May posibleng issue kasi yan sa sanitation, etc.
Hello sir, i read the book that you highly recommend (Think rich pinoy) and it opened my eyes. Im willing to do what it takes to get in the game of real estate. If only i could get a mentor to guide me. Maybe you can sir. Or somebody that can.
Pwede ba sayo Neil ang "virtual" at group mentoring? Yon kasi ang meron ako pag nag re-open ako ng enrollment ng training namin
Hello sir ako din paano din mgsimula s pgbili NG foreclosed property
Thank you Jay for replying my email
Sir bale naka assess po sila sa sss
new subscriber here🖐
Sir may mga pwede ba tumulong maghanap ng foreclosed properties
Pwede mga accredited na licensed real estate brokers/salespersons tumuloing sa paghanap, siyempre kailangan mo sila i-acknowledge para may commission/professional fee sila. Exception lang kay pag-IBIG kasi hindi na allowed sa ngayon.
@@JayCastillo pero di na ata nag accept ang pag ibig ngayon sir
@@maricarrevilloza4651 Yes, kagaya nga ng sabi ko, exception lang kay pag-IBIG kasi hindi na allowed sa ngayon ang brokers/salespersons
Good day Sir Jay.. I am an OFW and my parents are still in the Philippines. We really want to know the status of the unit beside our house in Bulacan, you told me before to call the office and ask them, unfortunately, my parents are old and they cannot do that. I wonder if there are other means for me to know the information I need? Toll free number? Email address? Or if somebody can call for us? Please help. Thank you very much and God bless you po.
sir good day po. im a ofw! dream ko kuha ng property. along the calamba sir. pwidi po pasearch? forclosed po sir. salamat po and godbless more power sir.
Hi Mark, yes happy to help. nag search ako, almost 100 ang nakita ko as of today para sa foreclosed properties in Calamba, eto link: www.foreclosurephilippines.com/classifieds/?reveal_hidden=1&_form_scheme_id=98514&location=Calamba%3B+&advert_search_blank_price%5B0%5D=0&adverts_sort=price-asc
Sir can i add u po s fb? Or may fb group po b kau?
Sana po mareplayan po ninyo ako
Good morning po ako po yung ng email po