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No problem, see to it you have good tenants to care for your property as well. Treat them well and they will treat you the same.

 

kasi we are going to use part of the property ginawa namni some sort of apartment na pinapaupahan namin. Although we still need to spend a minimum of 60K for the divisioning of the rooms so I was thinking if its still a good investment.

 

thanks sa advices mga sir

Edited by D. Sanchez
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with the current financial crisis there are threats but also opportunities in real estate..any thoughts on this guys?

 

It's not the same as the Asian financial crisis.

The collapse is about mortgages in the banks.

Delinquencies shoot high and now the banks are sitting in thousands of real state repossessions.

Their true problem is liquidity. Not enough cash flow.

 

This came from the banks themselves due to aggressive acquisitions in the past years......

Edited by hugoboss28
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where can I scan repossessed properties? how can I make money from them?

 

 

Some banks advertise their repossessed properties in major newspapers. Some pass on the properties to auctioneers who try to sell these properties to the highest bidder. I've been to one auction where I saw feuding families trying to out bid each other on a property and the auctioneer was grinning from ear to ear because the price of the property was going up, so is his commission. That is for gaining information.

 

After checking the bank's list and choosing a particular asset, I suggest that you write the bank with your offer. If the property has been in the auction block for some time and nobody seems interested, the banks usually agree to a negotiated sale, that is, a price lower than their asking.

 

If the property is hot then it's really going to be a seller's market, to the highest bidder.

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in my experiance as a real estate broker, i think ok real estate ngayun, coz most of our clients are pulling out there money from their respective banks and binibili na lang nila ng property and rent it out sa mga expats. i think maganda real estate nowadays and maganda paring investment and real estate. wala kang lugi. hehe. i sell and rent out condos along manila bay and other manila areas.

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