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... === 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... === 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 === 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...