Flipping ( 70% Rule )

[@igaelle24]

May panibago na nman ako natutunan,salamat sir Chris...your voice is music to my ears.🧡 wow road to 15k subscribers na🥳🥳❤

[@ChrisSuarezRealEstate]

Thank you, Gaelle!❤️

[@homesweetnest1385]

mainipin, budget oriented, enjoy numbers, fixing and staging ako yan lol very good info thanks!

[@69elchupacabra69]

Good video. That said, passive flipping is one of the scummiest things people do just to make a profit, especially when they don't put in a lot of money at all. They didn't add any value to the property or to the economy, yet they jack up the price of properties, adding glut to the current real estate market. They are no different from scalpers.

[@leonaj.5835]

There was a real estate agent who immediately gave a down payment to the owner (her aunt) in order to transfer the property I was interested in to her name. Because she knew that I was so seriously interested with it, she would try to sell me "her now property" at twice the original price since it's hers now. Needless to say, I didn't buy it. She planned to pay her aunt after I pay her😂

[@ChrisSuarezRealEstate]

Oh my! She didn't see that coming.Hehe!

[@leonaj.5835]

@@ChrisSuarezRealEstate She probably thought that most of her clients have no idea about buying properties since I'm still relatively young so she presumed she could get away with being greedy. Thanks to your channel, ordinary people like us can protect ourselves from being taken advantaged of by some. I learned a lot watching your videos and I avoided several mistakes when I was looking for some properties late last year. Thank you very much Chris!

[@ChrisSuarezRealEstate]

@@leonaj.5835 Thank you for your kind words,Leona! My pleasure:)

[@maycee4888]

@@leonaj.5835 almost happened to me too.

[@ivyriegodedios5456]

Thank you Sir Chris!

[@ChrisSuarezRealEstate]

My pleasure!

[@realadventuretravelandtour7023]

Hello Chris! I just want to ask kung anong mga payment terms ang inoofer niyo when selling properties? ang naiisip ko palang kasi is cash, thru pag ibig or bank. Im planning to flip one of our acquired foreclose property soon. baka pwde mo ring magawan mo rin ng content about that. BTW Thank you so much for sharing your knowledge to us. God bless you more.

[@batangkulot7972]

now naintidihan ko na fliping

[@ESPATERO]

Kailan ka kaya mag.open ng class sir about properties investing...😊😊😊

[@ChrisSuarezRealEstate]

Hehe! Naku mahirap yun Sir!

[@jaogiltendezjimera3704]

Hi Chris! Helpful video as always. May I know at what point during the "pre-selling period" you should flip the property? Is it as soon as you get your preferred appreciation AND x weeks/months before the actual property turnover? What are the estimated expenses during the transfer/flip? Thanks! :))

[@ChrisSuarezRealEstate]

Ideally towards the end of the downpayment period, you’d only pay for the transfer cost/fee which varies from developer to developer.:)

[@joseemmanuelnavarro7210]

Im good to go na sa flipping ko sir, Ung exit strategy ko lang talaga since ung transfer ng title and all, iniisip ko DOAS with assumption of mortgage na lang exit ko para walang hassle ng transfer sa RD.

[@stefaniesshopkinsvillage5016]

How do you do it?

[@ggm3119]

Sir, need po ba talaga ng real estate broker kung papasok ako sa flipping business? Mga broker rin po ba ang siyang mag oopen sa market para makakuha po ng client?

[@superoxy011]

Sir gusto ko lng sana malaman, pano ba kumikita sa pasalo? karamihan po kse ng mga nagpapasalo eh balik hulog lng. Lets say na 1.8M TCP tas ipapasalo ng 2.4M TCP. eh most of the difference naman ay napunta sa interest. If sa sasabayan naman yung price ng developer, wala po kukuha kse malaki cash out ng pasalo. Pano po ba kumita at marealize yung gain from capital appreciation ng property? Plan ko po kse maginvest sa condo. thank you so much Sir, you inspired me to invest in real estate. more power and God bless po.

[@LakwaChaNiJC]

Hi sir. Can you discuss more yung sa 2:14 please. How would earn if ang nailabas mo lang is around 100,000?

[@jeveloeriepardz383]

hi po sir mag tatanong lang po ako paano kung nagpa reserve po ako pero diko po itinuloy kasi may usapan po kami na pag iisipan ko pa po tapos tatawag lang daw po sila or mag tetext sila sakin para e comfirm kong itutuloy ko po ba pero di po sila tumawag tapos wala po akong natanggap na text mula sa kanila..pero deniliver na po nila kahit di ko naman po inorder ano pong pwede gawin dito kasi po ipapabaranggay daw po nila ako

[@Bellajoy0823]

Sir thank you po sa informations na shinishare nyo, I’m really interested na mag invest sa Real-estate. San po kumukuha ng real-estate broker? At ilan po ang hinahire nyo? Kapag may bebenta na. Thank you po

[@GhostedStories]

I am not sure what sweat equity means, but I think, and correct me if I am wrong, is it something you can do personally so you don't have to hire someone to do it for you? Like maybe, some painting work or landscaping.

[@ChrisSuarezRealEstate]

Yes, correct!:)

[@GhostedStories]

@@ChrisSuarezRealEstate thanks!

[@hanzelmendoza8426]

Hello Chris. How much % ROI is acceptable for you when you do flipping of property?

[@jopilincabrera6472]

Sir pwede po mag tanong may for sale po kasi na property cash po kailangan ng seller, pwede ko po ba i'apply Yun sa pag ibig

[@Lalah099]

Thx sa info sir..new subs here po

[@elyreas8902]

Very good and insightful. I want to flip a newly turned over house and lot in Cavite, General Trias. Is it better to sell it dressed? Or good to sell it bare? Thanks

[@jvturdanes6643]

Hi. I like the vid. Question po. Any recommended books po to read regardinh flipping real estate for Philippine setting? Thanks. More power.

[@chefherbie-2.0pfinoy]

Sir Chris, pano po ang taxes sa profit? Like CGT?

[@kateuy7358]

I just graduated yesterday from my Interior design program even after finishing college for about 3 years already. I subscribed to your channel as to I am interested in flipping houses. I have a question tho, how and how young did you start (flipping)?

[@ChrisSuarezRealEstate]

Oh nice..I started late na, early 30s. I think the earlier the better + if you come across a good deal and you have the capital for it.:)

[@irishasuncion124]

Awesome videos! Dami kong natutunan! 🙌🏻 Ask ko lang sir chris - Do you transfer the title to you? or wait until may buyer na? kasi parang double yung transfer of title kung from 1st owner to you then to buyer? Thanks in advance po kung makakareply kayu! ☺️ More power and More vids to come! 🙌🏻🙏🏻

[@ChrisSuarezRealEstate]

Hello Irish, depends on the seller if okay sa kanya to hold transfer until may client ka na. Some sellers are open to that.

[@irishasuncion124]

@@ChrisSuarezRealEstate Got it, Thanks for the reply! ☺️

[@joeycacacho9319]

Do you actually transfer title to your name when you flip?

[@golflima3743]

Thank you for a very helpful video. May I ask what to do with the title? Do I need to transfer the title to my name before flipping the property?

[@erikadelacruz2752]

Hi. What's your opinion on getting several condos and flipping all of it before the turnover? Is it advisable to get condos on launching/pre-selling price and then flipping all of them at a higher price a year or 2 before the turnover date? TIA

[@ChrisSuarezRealEstate]

Hello, yes it can give you a good ROI and sell it a little under the current price, but also take into consideration how sellable the property is since you're running against time before it transitions to financing. There are also developers who will charge extra with transfer costs.

[@jamesxd6934]

Parang simple pakinggan pero kapav gagawin na alam ko mahirap,.san po ba pwedeng.pagaaralan yan? Yung mga terms mga payments syempre hindi cash lahat kikitain mo tuladnyung sa video na bumili ng property na preselling then kumiti ng 600k

[@1ucky1ux]

Hello sir Chris! Im looking to venture into flipping. To start with flipping, is it a good idea for me to aim for foreclosed properties muna or even long-term?

[@crosswaybiker4413]

Hello po sir, may tanong po ako regarding sa Foreclosed houses sa pag-ibig sabi kasi dun na under BIR abatement yung unit umaabot ng up to 5 yrs bago magkaroon ng title. Pwede kuba iflip yung unit na ganun kahit aabutin pa 5 yrs bago magkaroon ng title. Thanks po.

[@ellennelle-t9b]

Sir naka matayan na property Ng parents ko, pa upahan sa bicol, Bulan, sorsogon. Sa loob Ng village. Pano mabilis maka hanap Ng buyer?

[@akagami3859]

Sir ano po diff between assume and flipping? Kasi kadalasan yung buyer dun mg stick sa amount na nababayaran na which is assume lang daw dapat..paano po maexplain? Salamat po..sana mapansin

[@tapisyu6938]

_On the ARV = 6M, What is the difference of: a. the 2M contr.&broker add-on to, b. Est. Repair Cost of 1M? sorry na-lost ako don. TY sa reply po._

[@queen_of_4]

Can someone help me understand the SMALL INVESTMENT on PRESELLING PRICES? I mean clearly your property appreciated in value, (600k @1:55) but you haven't paid it completely, so are we simply passing the new price to the next buyer? Thats it? Earn 6 digits in few months? 😃

[@russellsanmateo]

where or which sites i can find a buyer sa condo po?

[@joshporado4281]

I'm a virtual wholesaler in US markets. Would love to connect about fix and flip here in PH.

[@silentactor558]

How to do flipping if the unit is still on bank loan? Who will pay the monthly amortization? Pls advise

[@OpViken]

Is there a requirements to flip and sell house like permits, etc..?

[@joseemmanuelnavarro7210]

Sa Flipping niyo sir meron kayong team para sa mag transfer ng title? From 1st owner to you to buyer?

[@ChrisSuarezRealEstate]

Yes, mas okay you partner with a documentation officer who can do the transfer for you.

[@joseemmanuelnavarro7210]

@@ChrisSuarezRealEstate Usually po, how many percent inaabot ng cost of transfer (incl taxes) ilang percent po nilalagay ninyo sa financials based on your previous projects? 😊

[@ChrisSuarezRealEstate]

@@joseemmanuelnavarro7210 More or less 10% including buyer's & seller's side of expenses. Covered na rin ang professional fee ng documentation officer.

[@joseemmanuelnavarro7210]

@@ChrisSuarezRealEstate You're the best, Sir Chris!

[@pedropablo7750]

Sir regarding sa Flipp kahit ba delay sometimes ang pagbabayad ng monthly payment ng unit preselling Basta ma complete lang Ang 10% down payment?

[@bercarlflor]

sir tanong lang po alin po maganda kunin foreclosed or pasala.salamat po sa sagot.

[@ChrisSuarezRealEstate]

I think neither, mas okay to compute your cashflow or potential profit first.:)

[@nikto9564]

Sir. Kakatapos ko lng ng 20% amortization sa develeper. Pwede na ba sya iflipping kahit for bank loan pa?

[@irelpiomercado3478]

Hello sir, how do you compute for the ARV dito sa PH?

[@basketballgenius5336]

Sir Chris pwede po ba ma flip ung naka monthly ammort pa sa bank?

[@ChrisSuarezRealEstate]

Technically, assume balance siya.

[@sheryldejesusbautista]

Hi I am interested to know more about flipping especially for Condo Flipping. How can I contact you. Thank you.

[@evosaiz]

Hi sir! Ilan percent usually dapat ang profit? And ilan percent of the profit do you keep and re-invest?

[@ChrisSuarezRealEstate]

For me, at least a potential net roi of 20 to 30%. If starting palang I would suggest to reinvest all profit to buy more

[@mcvlogs025]

Hi sir ask ko lng po OK po ba kumuha NG assume balance na rowhouse like lumina then u renovate and sell it po?

[@artjaspermarquez5228]

Hello Chris Sana Mapansin po Whats your opinion on 1 BR On SMDC Gold Residence for 8.1M 28sqm(tapat lang ng Airport) Downpayment For 10% lang babayaran ko for 4 years ,and then Flip it.

[@ChrisSuarezRealEstate]

Hi! I think SMDC condos are good for rental income + capital appreciation. If youll take into consideration 1% rule, 8M property should have a rental income of 80K a month ( although thats quite hard to achieve) at least your rent can cover your monthly amort and expenses can be good enough since youre also earning from its value appreciation.

[@calumpitdistricthospital7915]

Sana mapansin niyo po ko sir chris I'm froilan 26Years old this coming April I really like po to start my Realstate Investing but di kopo alam pano mag start sana po mamentor niyo ko kahit konte🙏🏻🙏🏻🙏🏻

[@analenpadernal6000]

Hello , everyone, i wanted to sell my condo unit in Amai Sucat Paranque , its 3.6 miilon market price, you can renovate in sell it for higher price