All Forum Posts by: Lope Encarnacion

most similar loan we've seen is from Pag-Ibig. you might want to be thorough with your due diligence when looking at their list of foreclosures. 

You might want to determine first if the property is already subdivided to have each house have a separate title for each of the siblings. If that's the case, then the property will be part of your dad's estate when he goes. The title under his name can then be transferred from his estate to individual heirs when the taxes are paid. 

if the property is not subdivided amongst the siblings yet, then you might want to have the property surveyed so his portion can be transferred to a title under his or your name already. This helps save on transfer taxes. Good luck.

Yes, trusted virtual assistants do help. Can also refer you to the realty  firm we use if you're interested. 

@gi'angelo care to share how you sourced your ground team.

have rentals in the city as well. tried airbnb/short term rents a few years back, good margins then. eventually stuck to annual contracts due to the time commitment involved in operations. figured the time/cost wasn't a good fit for me at that time. good luck.  

well it definitely helps in learning about the industry and processes but it's not a requirement for investing. you might want to further define your objectives for getting a license to figure out how important it is to you. as a licensed investor myself, priorities are networking, market studies, and deal hunting.

you might want to check if the buying/selling prices in the location meet your target for the flip. might as well check how much it can rent for if it doesn't flip right away. good luck.

you might want to let the owner know first then include all agreements in the lease contract. landlords have different priorities at any given time, you could probably swing it better by addressing their unique concerns. good luck.

You might want to consider what type of properties you have and where they're located. Best if you use a firm located in the vicinity of your properties so it'd be easier for them to manage it. 

Usually for the seller's account it's 6% capital gains tax on the land sale, unpaid RE tax if any, and 3% broker's fees. Fund transfer fees to the US will depend on the remittance service used.