Jay Castillo

People encounter problems when buying real estate so I created as a guide for smarter real estate investing

[Jay Castillo @jay_castillo]

Today's featured listing is from Cantilan Bank (A Rural Bank) which includes 36 foreclosed properties from Provincial locations.

https://t.co/Li2CVrhxih

[Jay Castillo @jay_castillo]

Updated list of properties from BDO for October 2023: https://t.co/RkHHr5L9uh

[Jay Castillo @jay_castillo]

ROI – Flipping Vs Rentals: A Deeper Look
▸ https://t.co/Xj0qFc7ghn

#realestateinvesting #onepercentrule #rentalvsflipping #foreclosedpropertiesphilippines #MichaelGray

[Jay Castillo @jay_castillo]

Tips for getting the best housing loan

Read more 👉 https://t.co/0APsMEzZfA

#foreclosedpropertiesphilippines #ProperDueDiligence

[Jay Castillo @jay_castillo]

The point is that like the 1% rule, it cannot really capture the actual return on the rental, and the reason why Jay says that when you find a good rental, you should buy it and keep it...

Read more 👉 https://t.co/jPu5jAKKrl

#realestateinvesting #onepercentrule

[Jay Castillo @jay_castillo]

What to check on the Property Title/Tax Declaration as part of due diligence

Read more 👉 https://t.co/i5LHmTYSTx

#foreclosedpropertiesphilippines #ProperDueDiligence

[Jay Castillo @jay_castillo]

How to identify and avoid "bogus" foreclosed properties: https://t.co/LnH89yCUfU

[Jay Castillo @jay_castillo]

A question that I see asked a lot is, “what is a good ROI for a rental?” To which Jay replies: while not always possible, it is good to shoot for around 1% per month, though 0.5% can be good...

Read more: ROI – Flipping Vs Rentals: A Deeper Look
▸ https://t.co/YzQ18FZkdv

[Jay Castillo @jay_castillo]

Possible effects of too many foreclosed properties

Read more 👉 https://t.co/DPsv0s5qvv

#foreclosedpropertiesphilippines #ProperDueDiligence

[Jay Castillo @jay_castillo]

Instead of selling the property and simultaneously collecting the ROI and bidding farewell to the property, we will rent it out at the market rate...

Read more 👉 https://t.co/OaWIJpJBIl

#realestateinvesting #onepercentrule #rentalvsflipping #foreclosedpropertiesphilippines

[Jay Castillo @jay_castillo]

How to get the right selling price when flipping properties

Read the full article: [Video] What are the advantages with investing in foreclosed properties (and other frequently asked questions)
▸ https://t.co/d5NQ3H2WIl

#foreclosedpropertiesphilippines #ProperDueDiligence

[Jay Castillo @jay_castillo]

Just to put things into context, and prove Jay’s strategy correct again when he says that 1% monthly ROI is a good rule of thumb, but anything over5% per month can be an excellent deal, let’s look at this example...

Read more 👉 https://t.co/gXfDy6iKe0

#realestateinvesting

[Jay Castillo @jay_castillo]

Why you should look at all property sources (not just foreclosed)

Read the full article: [Video] What are the advantages with investing in foreclosed properties (and other frequently asked questions)
▸ https://t.co/AtvolgzAaF

#foreclosedpropertiesphilippines

[Jay Castillo @jay_castillo]

Finding the market rate can be done via a good property management company or via rental survey.

Read the full article: ROI – Flipping Vs Rentals: A Deeper Look
▸ https://t.co/7jhX48K94m

#realestateinvesting #onepercentrule #rentalvsflipping #foreclosedpropertiesphilippines

[Jay Castillo @jay_castillo]

How buying overpriced properties can lead to foreclosure during hard times (like this pandemic)

Read more 👉 https://t.co/czlFXMqSh6

#foreclosedpropertiesphilippines #ProperDueDiligence

[Jay Castillo @jay_castillo]

In the flipping example, this is where we would sell the property for that 1M pesos and collect our 500k in gross profit, or a gross ROI of 100%—the final step.

Read the full article: ROI – Flipping Vs Rentals: A Deeper Look
▸ https://t.co/H50RhV2ehU

#realestateinvesting

[Jay Castillo @jay_castillo]

What are the advantages with buying foreclosed properties?

Read the full article: [Video] What are the advantages with investing in foreclosed properties (and other frequently asked questions)
▸ https://t.co/PAAmKnWu9L

#foreclosedpropertiesphilippines #ProperDueDiligence

[Jay Castillo @jay_castillo]

If we get better terms on the refinance and rental, say 9k/month mortgage expense and 15k rental rate, there is our 1% (1.2% exactly).

Read more 👉 https://t.co/ubzGL42JvF

#realestateinvesting #onepercentrule #rentalvsflipping #foreclosedpropertiesphilippines #MichaelGray

[Jay Castillo @jay_castillo]

Tips for doing renovations for a foreclosed property

Read more 👉 https://t.co/C8szqat4qM

#foreclosedpropertiesphilippines #ProperDueDiligence

[Jay Castillo @jay_castillo]

In order to illustrate the actual return on rental investments, we will use the exact same example as the flipping property ROI, with the exact same assumptions...

Read the full article: ROI – Flipping Vs Rentals: A Deeper Look
▸ https://t.co/B40u6YPeB8

#realestateinvesting