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Author Topic: Para sa mga nakabasa ng Think Rich Pinoy!  (Read 279444 times)

sneaker23

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1830 on: April 17, 2009, 11:42:46 AM »
Walang masyadong mabiling magandang foreclosed properties recently...Hindi ako natuwa sa mga presyo, matataas! :)

So I tried buy and sell of foreclosed cars using the concept of rent to own.

Here it is:

I bought an SUV through bank auction at a floor price of Php 505K. Total Kilometer Reading: 17K only! It was good as new! I was given 5 days to pay the car in full. Pagkalabas ng sasakyan sa bank after full payment, within the day, nabenta ko ng Php 630K. Payment Scheme of my buyer: PhP 500K Down Payment; the balance of Php 130K is payable in 6 months with add-on interest rate of 1.5% per month. NOT BAD, right? Bumalik naman agad ang puhunan ko, hehehe....

A nice try for a FIRST TIMER in this business. Yes, this is my first transaction in secondhand car trading!

So malamang, pasukin ko na rin ang mga car auction dahil sa magandang experience na ito, hehehe.

Godspeed!  :)

Ibang level ka talaga KB! Thanks for sharing this new venture.

No doubt, you can do well on every venture kasi na sau ang galing, wala sa produkto  ;)
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Kuskos-Balungos

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1831 on: April 17, 2009, 01:18:07 PM »
GRABE!  :o

Ibang level ang ahente mo KB! matinding positive vibes niya ah!  ;D

Mataas sana inquiry rate ko kaso tripping rate bokya  :'(

Korek! Marami akong direct buyers, nakontra nya. Lagi nya sinasabi na sya lang ang makakabenta ng dalawa. Law of Attraction.

'Yung Unit B nga dalawa ang buyer that date and time. Dalawa silang ahente kasama ang buyers nila. Pero mas pinili ko syempre ang buyer nya, CASH Buyer yun e, hehehe. CASH IS KING!

"Be careful that you do not forget the LORD your GOD...Otherwise, when u eat & are satisfied, when u build fine houses & settle down, & when your herds & flocks grow large & your silver & gold increase & all u have is multiplied, then your heart will become proud & u will forget the LORD your GOD."

Kuskos-Balungos

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1832 on: April 17, 2009, 01:25:32 PM »
Walang masyadong mabiling magandang foreclosed properties recently...Hindi ako natuwa sa mga presyo, matataas! :)

So I tried buy and sell of foreclosed cars using the concept of rent to own.

Here it is:

I bought an SUV through bank auction at a floor price of Php 505K. Total Kilometer Reading: 17K only! It was good as new! I was given 5 days to pay the car in full. Pagkalabas ng sasakyan sa bank after full payment, within the day, nabenta ko ng Php 630K. Payment Scheme of my buyer: PhP 500K Down Payment; the balance of Php 130K is payable in 6 months with add-on interest rate of 1.5% per month. NOT BAD, right? Bumalik naman agad ang puhunan ko, hehehe....

A nice try for a FIRST TIMER in this business. Yes, this is my first transaction in secondhand car trading!

So malamang, pasukin ko na rin ang mga car auction dahil sa magandang experience na ito, hehehe.

Godspeed!  :)

Ibang level ka talaga KB! Thanks for sharing this new venture.

No doubt, you can do well on every venture kasi na sau ang galing, wala sa produkto  ;)

Mali pala...Php 502,500 pala ang floor price nung SUV, hehehe...

Dahan-dahan lang ako sa ganitong venture, mas safe investment pa rin ang real estate...  :)



"Be careful that you do not forget the LORD your GOD...Otherwise, when u eat & are satisfied, when u build fine houses & settle down, & when your herds & flocks grow large & your silver & gold increase & all u have is multiplied, then your heart will become proud & u will forget the LORD your GOD."

Wanderer S

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1833 on: April 17, 2009, 03:35:57 PM »
sa wakas nakapag mini-start din! I got the checks from my tenant na!  ;D ;D ;D

Kuskos-Balungos

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1834 on: April 20, 2009, 11:09:03 PM »
sa wakas nakapag mini-start din! I got the checks from my tenant na!  ;D ;D ;D

Share mo naman dito sa thread, Wanderer  :)
"Be careful that you do not forget the LORD your GOD...Otherwise, when u eat & are satisfied, when u build fine houses & settle down, & when your herds & flocks grow large & your silver & gold increase & all u have is multiplied, then your heart will become proud & u will forget the LORD your GOD."

tommypotpot

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1835 on: April 21, 2009, 07:34:22 PM »
Sir KB pde ba kami makahingi ng idea about contract to sell...at kung makakahingi kami ng sample mas maganda...thank you in advance....

ph_investor

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1836 on: April 25, 2009, 01:02:11 AM »
Grabe, dami nang nadagdag sa thread na ito since I last visited. ;D

@KB, I salute you, congratz sa mga bago mong deals, nakita ko pa yung post mo sa classifieds section sa PMT about the duplex, eh sold na pala, galing mo talaga! :)

I applied your "7% challenge " technique on my last purchase and my broker already had a buyer sa 4th day pa lang ng renovation/painting! I never thought it would be that fast!!! Thank you so much for the tip! Dahil sa 7%, my broker is already negotiating with a potential buyer for a foreclosed property which I have not yet bought. If the buyer agrees, I can proceed and purchase the property. Wish us luck!

Share ko na rin, we had our closing yesterday for a house and lot which I just sold through a rent-to-own scheme for 1.9M, which is still below market value, swerte na rin yung buyer ko. I got it for only 1.19M last Feb. If my buyer decides to sell the property later, they can also make some money, win-win talaga! My buyer already applied for a loan with pag-ibig and if approved I can get all my money sooner, and they get to have lower monthly amortizations. another win-win!

1 down, 3 more to go for 2009 which is turning out to be the best year yet! ;D
« Last Edit: April 26, 2009, 08:16:58 AM by ph investor »
Get free foreclosed property listings, public auction schedules and real estate investing tips: http://www.foreclosurephilippines.com

Kuskos-Balungos

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1837 on: April 26, 2009, 12:28:58 AM »
Grabe, dami nang nadagdag sa thread na ito since I last visited. ;D

@KB, I salute you, congratz sa mga bago mong deals, nakita ko pa yung post mo sa classifieds section sa PMT about the duplex, eh sold na pala, galing mo talaga! :)

I applied your "7% challenge " technique on my last purchase and my broker already had a buyer sa 4th day pa lang ng renovation/painting! I never though it would be that fast!!! Thank you so much for the tip! Dahil sa 7%, my broker is already negotiating with a potential buyer for a foreclosed property which I have not yet bought. If the buyer agrees, I can proceed and purchase the property. Wish us luck!

Share ko na rin, we had our closing yesterday for a house and lot which I just sold through a rent-to-own scheme for 1.9M, which is still below market value, swerte na rin yung buyer ko. I got it for only 1.19M last Feb. If my buyer decides to sell the property later, they can also make some money, win-win talaga! My buyer already applied for a loan with pag-ibig and if approved I can get all my money sooner, and they get to have lower monthly amortizations. another win-win!

1 down, 3 more to go for 2009 which is turning out to be the best year yet! ;D

Congrats ph investor!

Thanks for sharing!  God bless!
"Be careful that you do not forget the LORD your GOD...Otherwise, when u eat & are satisfied, when u build fine houses & settle down, & when your herds & flocks grow large & your silver & gold increase & all u have is multiplied, then your heart will become proud & u will forget the LORD your GOD."

ph_investor

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1838 on: April 26, 2009, 08:32:21 AM »

Congrats ph investor!

Thanks for sharing!  God bless!

Thanks KB! Hindi mo lang alam pero yung "7% challenge" technique  mo eh talagang ang laki ng impact sa real estate investing ko. My broker, without my asking, told me that we can also target properties where the owners are desperate to sell and I can just assume the balance, "nothing down deals" and first na nagregister sa mind ko, siyempre siya ang may first crack at selling the property where she'll get the 7% commission. Mortgage broker din kasi siya sa isang bank. Parang pre-foreclosure market ang target, at the same time makakatulong pa sa mga tao para hindi na maforeclose yung bahay nila in the first place.

Actually marami pa siyang ideas, nag open talaga ang doors on ways I can find good deals. Thank you talaga pre, I am sure your generosity will be rewarded many times over, ayan na nga ang dami mong great deals na na-close!  ;D

By the way, if you'll notice I changed my nick from my name to ph_investor para pareho sa ibang forums na pinupuntahan natin like PMT for example. ;D
« Last Edit: April 26, 2009, 08:43:07 AM by ph_investor »
Get free foreclosed property listings, public auction schedules and real estate investing tips: http://www.foreclosurephilippines.com

Kuskos-Balungos

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1839 on: April 26, 2009, 10:30:34 PM »
I am happy for you, pre...

Yup..."7% commission challenge"--- Ipapatong lang naman natin yun sa "Desired Total Selling Price" natin, kaya NO EFFECT sa tubo natin, hehehe....Wala pang sakit ng ulo sa marketing, nandyan na ang buyer kahit nakabakasyon ka  :)

Share mo naman dito mga details ng transaksyon mo...

Good luck! Godspeed!
"Be careful that you do not forget the LORD your GOD...Otherwise, when u eat & are satisfied, when u build fine houses & settle down, & when your herds & flocks grow large & your silver & gold increase & all u have is multiplied, then your heart will become proud & u will forget the LORD your GOD."

Wanderer S

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1840 on: April 28, 2009, 07:38:41 AM »
I think I've spotted another jackpot! house and lot in a good location for only 200k+! Owner desperate! Wish me luck!  ;D

I am not checking the newspapers and banks in the mean time, yun at yun din ang listahan at ang mamahal! Buti pang magtingin-tingin sa tabi-tabi.

Kuskos-Balungos

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1841 on: April 29, 2009, 11:44:52 AM »
I think I've spotted another jackpot! house and lot in a good location for only 200k+! Owner desperate! Wish me luck!  ;D

I am not checking the newspapers and banks in the mean time, yun at yun din ang listahan at ang mamahal! Buti pang magtingin-tingin sa tabi-tabi.

Goodluck Wanderer!

Share the story of your success here...We will wait...  :)
"Be careful that you do not forget the LORD your GOD...Otherwise, when u eat & are satisfied, when u build fine houses & settle down, & when your herds & flocks grow large & your silver & gold increase & all u have is multiplied, then your heart will become proud & u will forget the LORD your GOD."

biz tyc

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1842 on: April 30, 2009, 12:13:50 AM »
Walang masyadong mabiling magandang foreclosed properties recently...Hindi ako natuwa sa mga presyo, matataas! :)

So I tried buy and sell of foreclosed cars using the concept of rent to own.

Here it is:

I bought an SUV through bank auction at a floor price of Php 505K. Total Kilometer Reading: 17K only! It was good as new! I was given 5 days to pay the car in full. Pagkalabas ng sasakyan sa bank after full payment, within the day, nabenta ko ng Php 630K. Payment Scheme of my buyer: PhP 500K Down Payment; the balance of Php 130K is payable in 6 months with add-on interest rate of 1.5% per month. NOT BAD, right? Bumalik naman agad ang puhunan ko, hehehe....

A nice try for a FIRST TIMER in this business. Yes, this is my first transaction in secondhand car trading!

So malamang, pasukin ko na rin ang mga car auction dahil sa magandang experience na ito, hehehe.

Godspeed!  :)


Sir KB, san po ba may mga car auctions?  how were u able to get a buyer that fast?

By the way, nag PM po ako sa inyo.

naveen

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1843 on: May 01, 2009, 07:48:26 PM »
hello po..i hope you could help me apply the principles of think rich pinoy but this time me being a seller of my own property..

 i am not yet a motivated seller(at sana di naman dumating doon) but i want to dispose the property as i wanto to use it to earn passive income..sana buying forcelosed properties will be one.

has it crossed your mind if the principles discussed could actually find a motivated buyer.. ???

Title is clean, property is already mine.

please help. :'(

Wanderer S

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Re: Para sa mga nakabasa ng Think Rich Pinoy!
« Reply #1844 on: May 05, 2009, 03:29:46 PM »
hello guys, may question ako. If the house can be redeemed by the owner in one year, can I make the owner sign an agreement that he is giving up his 'rights' to redeem the property? Anong klase kontrata ba yan kung sakali? Let's say babayaran ko na lang siya para umalis na cia sa bahay at hindi na nya i-redeem ang property para maipaayos ko na agad ang bahay. Sayang naman kung hintayin ko pa na mag expire ang 1 year redemption period.

Looking forward to your replies guys...