How To Find Profitable Foreclosed Properties in the Philippines with 3 Easy Steps

🎁 Avoid problematic foreclosed properties with this free Due Diligence Checklist: https://foreclosurephilippines.system...

If you plan to invest in foreclosed properties in the Philippines, then this video is for you! I'll show you how to find profitable foreclosed properties in the Philippines in just 3 easy steps.

After watching this video, you will have a reliable and objective way of checking if a property has room for profit if you're going to flip it (buy-renovate-sell), or if you're going to keep it as a rental. I will also share how you can get ready with financing the purchase (and mistakes to avoid) and how I did proper due diligence, and I'll explain using an actual foreclosed property I purchased as an example.

For more foreclosed property investing tips and updated listings, subscribe to my channel:
👉 https://www.youtube.com/c/JayCastillo...

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Links to calculators mentioned in the video:

After Repair Value or ARV Calculator:
✅ https://www.foreclosurephilippines.co...

Gross Rental Yield Calculator:
✅ https://www.foreclosurephilippines.co...

Mortgage Calculator:
✅ https://www.foreclosurephilippines.co...

Subscribe to get a free copy of my Due Diligence Checklist:
✅ https://www.foreclosurephilippines.co...
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Timestamps for topics covered
00:00 Introduction on how to find properties with profit potential
00:31 Objective of this video
00:47 My first foreclosed property
01:15 Foreclosed property details and concerns
02:17 Step 1: What is your goal - flipping or rentals?
02:38 How to check if suitable for flipping
03:39 How to use After Repair Value or ARV calculator
04:14 Where I got data for lot prices
04:27 Cost to construct per sqm of floor area
04:55 Overview of the replacement cost approach
05:14 Estimated room for profit and my target
05:50 Initial checking for rentals: Gross Rental Yield
06:10 The 1% Rule (Rule of thumb for quick analysis)
06:57 How to use Gross Rental Yield Calculator
08:11 Step 2: Get your finances in order - Financial Literacy
09:20 Health care, insurance, emergency funds, bad debts, money to invest
11:08 How much property can you afford (downpayment/monthly amortization)?
12:28 How to use Mortgage Calculator to check if you can afford a property
13:32 Step 3: Do your Due Diligence (walkthrough)
16:01 What happened to my first foreclosed property purchase?
16:11 Buyer converted rent-to-own to bank financing
16:28 Bank appraisal was very high - happy buyer!
16:45 A win-win-win transaction!
17:13 Why we no longer recommend rent-to-own when selling properties
17:24 What happened next (more deals)
17:52 Recap and summary
19:03 What's next: The "Blue Print" for real estate investing in the Philippines
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Missed the first video? Here's a link to Video 1 (Don't make these mistakes when buying a house in the Philippines):
   • Don't make these mistakes when buying a ho...  

The next video is already available, here's a link to Video 3 (Real Estate Investing in the Philippines: The Whole Process (explained in 30 minutes!):
   • Foreclosed Real Estate Investing in the Ph...