Thank you and farewell to 2009! Happy New Year to all!!!

We say goodbye to 2009 and give thanks for a very memorable year. In 2009, we marked the first year anniversary of Foreclosure Philippines, although I never got around to creating my first anniversary post. Actually, October 31, 2009 was the day of our first anniversary. Nevertheless, I just want to... 

Source:  Foreclosure Philippines

Q&A: Where do I invest my money?

The quoted message below is a question posted by JJ at the comment section of my past blog entitled, “Will PDIC ever give back the deposits of its claimants?” just a while ago (December 21, 2009) which is basically an in-depth inquiry about how to properly invest money. Instead of answering... 

Source:  Greenoys Blog

The importance of time freedom, one reason why I want to be financially free

During our lunch break at the office yesterday, I begged off from doing something which I have dreaded for the past 12 years in the corporate world, Christmas party presentations! You might be asking what the heck does this have to do with investing in foreclosures in the Philippines? Read on to find... 

Source:  Foreclosure Philippines

A parable on creating a Passive Income Stream

I was cleaning out my archived emails in preparation for returning my company issued laptop when I stumbled upon this very interesting story in one of my emails in my sent items. I forwarded this same story to my friends way back in January 2006, a few months after I first read “Rich Dad Poor... 

Source:  Foreclosure Philippines

Buy income generating assets first

While I have said in the past that it would be great to buy a house and treat it as an investment, I want to take it a step further. What if instead of buying a house outright, one would first buy an income generating asset that would generate positive cashflow and help take care of the monthly amortizations... 

Source:  Foreclosure Philippines

Our journey to our new house – Finding a new home like true real estate investors

My wife who has become so obsessed with finding a new house we can call our home shares updates on what we are thinking of doing with our old house that was devastated by Ondoy, what things to consider, our target locations, finding not just a house but also a sound real estate investment by searching... 

Source:  Foreclosure Philippines

The real estate investor mindset

Scenario: A foreclosed property looks ugly because it has not been maintained for quite a long time, it obviously needs repairs, it is dirty and stinks, and looks like a house that does not belong to the neighborhood because the surrounding houses look okay, although the house is really not that different... 

Source:  Foreclosure Philippines

How to calculate for the amortization factor

In my previous post: How to compute for the monthly amortization payment without a mortgage calculator,  I showed how I compute for the monthly amortization payment by hand. Tyrone of  Millionaire Acts through his comment asked: “How about if we don’t have access to the amortization factors... 

Source:  Foreclosure Philippines

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