How We Bought our First Foreclosed Real Estate Property (in 5 steps)

Рет қаралды 18,035

Күн бұрын

For inquiries contact me on Viber or Whatsapp at +63 917 851 2752 or email Alex.Zeta@TWRGroup.PH
In real estate, you make money when you buy, not when you sell. That being said, you need to buy at a good price, below market value. And foreclosures are a good way to find great deals.
If you’re looking to buy a foreclosed property - then check this video out and please click that like button while you’re at it.
That’s how we bought our first foreclosed property in 5 steps.
Step 1: Check the property
Step 2: Submit a bid
Step 3: Wait for bid result
Step 4: Comply the needed requirements
Step 5: Sign the Deed of sale + turn-over
Alex Zeta
Real Estate Broker, Consultant and Content Creator
Brokers Lic no 0007755
Hi! I'm Alex - I'm a Real Estate Broker, Consultant & Content Creator who started in the real estate industry back in 2011. If you're looking to buy or sell Pre-selling property in VisMin area or real estate in Cagayan de Oro, give me a call so I can help you out.
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Пікірлер: 69

@terenceguieb4958 5 ай бұрын

Wow! This video deserves a million views, from the information about buying foreclosed property up to the renovation before-and-after clips! 🥶🥶

@RealEstateAlexZeta 5 ай бұрын

Thank you!

@kobexin Жыл бұрын

Great tip on bidding a specific number instead of a general number...renovations look fantastic 👏

@RealEstateAlexZeta Жыл бұрын

Thanks Kobe. :)

@claringnalang 4 ай бұрын

you explained it so well without too many jargons and if there are its explained well lalo na for those who want to know about flipping properties na may zero knowledge about it.

@RealEstateAlexZeta 4 ай бұрын

Glad you like the video :)

@rachelnuylan6831 5 ай бұрын

I luv your accent ❤ very understandable kahit walang subtitle, pang-masa ❤

@RealEstateAlexZeta 5 ай бұрын

Thank you Rachel!

@joydumol2673 9 ай бұрын

This was a nice tip for me, coz im planning to get also a forclosed property near my parents place..thanks!

@RealEstateAlexZeta 2 ай бұрын

glad to help!

@lqui6766 2 ай бұрын

New subscriber here! thanks, this is very helpful and well explained

@RealEstateAlexZeta 2 ай бұрын

Glad it was helpful! Welcome to the community!

@dhonlad 3 ай бұрын

Thank you, these advises and content are a good start for me to buy my first investment. (Foreclosed property) Thank you madam!

@RealEstateAlexZeta 3 ай бұрын

Glad it was helpful!

@zaridawn8563 Жыл бұрын

Very good content🎉

@RealEstateAlexZeta Жыл бұрын

Thank you 🙌

@Curmetoons Ай бұрын

Thank you! That is excellent content.

@RealEstateAlexZeta Ай бұрын

Welcome :)

@christianreyes9113 9 ай бұрын

Very helpful nice

@RealEstateAlexZeta 9 ай бұрын

Glad you think so!

@gigiazcuna1799 8 күн бұрын

WOW! Very informative! Thank you so much! And you guys did an amazing job with the renovation! Do you mind sharing the company you contracted for the renovation of your beautiful home ? Thank you!

@RealEstateAlexZeta 4 күн бұрын

Hi Gigi. Glad you liked it! My husband did the renovation :)

@sakurablossom6831 Жыл бұрын

❤

@marygraceariannegarcia246 8 ай бұрын

very nice.. how much was spent for renovation?

@RealEstateAlexZeta 8 ай бұрын

Thank you. We spent around 1M for the renovation.

@ziker9987 5 ай бұрын

Can your tour the house before you bid on it? Is there a web site that shows foreclosures for sale? Thanks

@RealEstateAlexZeta 5 ай бұрын

Hi. Yes you can go check it out first prior to bidding. Thats what we did.

@juliepearldavid6019 6 ай бұрын

how much did you buy the property and how much did you spend on the renovation?

@RealEstateAlexZeta 6 ай бұрын

Hi we bought the property at 2.7M and spent close to a million.

@MariaMaria-ws2jf 8 ай бұрын

Can you apply also for a loan when buying forclosed properties?

@RealEstateAlexZeta 8 ай бұрын

Hi Maria, yes as long as the title is clean.

@auwoootv 10 ай бұрын

Q: for example nakabile ka ng foreclosed prop then while your still paying it, you were able to flip it. paano po ang proseso dito?

@RealEstateAlexZeta 10 ай бұрын

Hi- you can email me at Alex.Zeta@TWRGroup.PH for a consultation.

@johnm.3521 Жыл бұрын

Contractor reveal! For the renovation

@RealEstateAlexZeta Жыл бұрын

Hi John, it's my husband who did the construction :)

@gigiazcuna1799 8 күн бұрын

@@RealEstateAlexZeta -Oh wow! My question is answered here. Does he have a company we can contact for future project? Thank you!

@RealEstateAlexZeta 5 күн бұрын

@@gigiazcuna1799 As of now, we don't accept construction projects since we're focusing on our brokerage and rental business. But I can refer you a contractor here in CDO :)

@johnmichaelricasa2998 8 ай бұрын

how would you know the market value?

@RealEstateAlexZeta 8 ай бұрын

Its at the back of the tax dec

@dune0_0 18 күн бұрын

I'm interested but kind of confused. Is the bid/offer price like an advance payment or downpayment to the total amount value of the property or what? if it is then when I lose the bid does that mean I'm also gonna lose the bid I offer?

@RealEstateAlexZeta 16 күн бұрын

Hi Dune, once you bid you wont need to pay yet. you’ll only be putting in an offer. If another buyer has the higher bid and wins the property, then the bank will inform you and wouldnt lose any money since you havent made any payment yet. If you win, then you’ll be asked to settle the 20% downpayment

@shanmievlogs 6 ай бұрын

Hi .. im interested po sa lot only foreclosed from the bank .. whar are the next process po kaya ? Website po mismo ng bank - and may nag email po saken for requirements na need to complete ? I had hesitant kase po personal email siya .. i expected bdo po mismo mag eemail saken

@RealEstateAlexZeta 6 ай бұрын

Hi Shan. Pls send me an email for available foreclosures.

@AngelMelodyLegera 3 ай бұрын

Hi. May I know paano niyo po na-check ang loob ng house prior to bidding?

@RealEstateAlexZeta 3 ай бұрын

Hi. We requested for a viewing fr the bank

@maryanngrey976 2 ай бұрын

@@RealEstateAlexZetahello po, how did you exactly do it? go to the bank and request for site viewing? is that it?

@RealEstateAlexZeta 2 ай бұрын

You can go to the bank or coordinate with one of their account officer via email or call.

@RealEstateAlexZeta 2 ай бұрын

@@maryanngrey976 If you have a broker, your broker can facilitate the viewing for you.

@liezelramos8196 3 ай бұрын

Could i still bid even though am not in the Phils?

@RealEstateAlexZeta 3 ай бұрын

Hi Liezel, yes you can still bid but you need someone in PH to check the status of the property.

@rosesuam9776 Ай бұрын

Pano po pag wala sa pinas? Ok lang po ba yun? Are you a broker po?

@RealEstateAlexZeta Ай бұрын

Hi Rose, Yes, you can still buy foreclosed properties but it's better if you have someone that can check the unit. Yes, I am a real estate broker.

@elvietv6677 4 ай бұрын

If you can help me to find a forclose property sa pag ibig its highly apreciated

@RealEstateAlexZeta 4 ай бұрын

Hi Elvie. You can actually check directly with Pagibig the available foreclosed properties that they have.

@garendarius8329 2 ай бұрын

Ate ano po ba flooring nyo sobrang ganda po kasi

@RealEstateAlexZeta 2 ай бұрын

Hi! We used ceramic tiles

@ghostoftomjoadRATM Жыл бұрын

Do you see foreclosed condos often?

@RealEstateAlexZeta Жыл бұрын

Hi, In CDO? There are not that many foreclosed condos here but there is one in Business park. Please send me an email to alex.zeta@twrgroup.ph or pm in whatsapp (0917-851-2752) so I can foward you the details. Thank you.

@erldelsan4396 3 ай бұрын

SAAN YAN LUGAR MAM, MAGKANO NYO NAKUHA YN BAHAY

@RealEstateAlexZeta 3 ай бұрын

This is in cdo.

@user-uf2oh9xd2c 2 ай бұрын

Where is the location sis?

@RealEstateAlexZeta 2 ай бұрын

This is in Cagayan de Oro

@user-uf2oh9xd2c 2 ай бұрын

Magkano mo yan napanalunan?

@RealEstateAlexZeta 2 ай бұрын

Hi. We put in a bid and since our bid was the highest so we won.

@andream6587 Жыл бұрын

Blasphemy. The Lord didn’t set out a property for you to profit from for your own personal enrichment when it was stolen fraudulently from someone using it simply to have a safe place to be from the elements which they subsequently become homeless. Stop using other peoples’ misery for your personal gain. Thou shalt not steal.

@kermicgreen3370 Жыл бұрын

The Lord has nothing to do with it. If someone can't make payments, then they will get foreclosed on. It is not stealing if you buy the property LEGALLY from a bank. Stop using religion in your argenment because it is a weak move.

@Elodie1995 10 ай бұрын

Pag inggit pikit at tikom bibig. :)

@shanmievlogs 6 ай бұрын

Helpful content 🥹

@RealEstateAlexZeta 6 ай бұрын

Glad you think so!