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

[@terenceguieb4958]

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

[@RealEstateAlexZeta]

Thank you!

[@claringnalang]

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]

Glad you like the video :)

[@kobexin]

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

[@RealEstateAlexZeta]

Thanks Kobe. :)

[@rachelnuylan6831]

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

[@RealEstateAlexZeta]

Thank you Rachel!

[@dhonlad]

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

[@RealEstateAlexZeta]

Glad it was helpful!

[@joydumol2673]

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

[@RealEstateAlexZeta]

glad to help!

[@gigiazcuna1799]

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]

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

[@cherylcarrasco6911]

If I may ask, hm was the starting selling price and hm did you bid successfully

[@desireeoreste3644]

Hi Alex! I am a follower of your content for a couple of year. I'm wondering if you could send me a copy of your ebook on how to buy properties. Thank you for giving the time reading my comment. Again thank you!

[@lqui6766]

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

[@RealEstateAlexZeta]

Glad it was helpful! Welcome to the community!

[@cherylcarrasco6911]

If you win the bid, when are you required to pay 20% DP?

[@RealEstateAlexZeta]

Hi, after 30 days but case to case basis cya. Depends on the bank.

[@christianreyes9113]

Very helpful nice

[@RealEstateAlexZeta]

Glad you think so!

[@ziker9987]

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

[@RealEstateAlexZeta]

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

[@Curmetoons]

Thank you! That is excellent content.

[@RealEstateAlexZeta]

Welcome :)

[@zaridawn8563]

Very good content🎉

[@RealEstateAlexZeta]

Thank you 🙌

[@juliepearldavid6019]

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

[@RealEstateAlexZeta]

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

[@dune0_0]

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]

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

[@auwoootv]

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]

Hi- you can email me at [e-mail] for a consultation.

[@johnm.3521]

Contractor reveal! For the renovation

[@RealEstateAlexZeta]

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

[@gigiazcuna1799]

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

[@RealEstateAlexZeta]

@@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 :)

[@marygraceariannegarcia246]

very nice.. how much was spent for renovation?

[@RealEstateAlexZeta]

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

[@AngelMelodyLegera]

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

[@RealEstateAlexZeta]

Hi. We requested for a viewing fr the bank

[@maryanngrey976]

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

[@RealEstateAlexZeta]

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

[@RealEstateAlexZeta]

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

[@johnmichaelricasa2998]

how would you know the market value?

[@RealEstateAlexZeta]

Its at the back of the tax dec

[@MariaMaria-ws2jf]

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

[@RealEstateAlexZeta]

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

[@rosesuam9776]

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

[@RealEstateAlexZeta]

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.

[@charipacspark4321]

Pwede po ba bumili ng foreclose kahit korean citizens na mam?

[@RealEstateAlexZeta]

You can if its a foreclosed condo. For house and lot purchases, you'll need proof of citizenship like PH passport.

[@donnamarieugaddan9686]

Meron po bang available na foreclosed sa Metro Manila like Quezom City?

[@RealEstateAlexZeta]

Hi Donna. Yes there are more foreclosures in Metro areas. You can email me at [e-mail] for a list for foreclosed properties in your preferred area.

[@jackylinferolino3491]

❤❤❤

[@garendarius8329]

Ate ano po ba flooring nyo sobrang ganda po kasi

[@RealEstateAlexZeta]

Hi! We used ceramic tiles

[@liezelramos8196]

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

[@RealEstateAlexZeta]

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

[@shanmievlogs]

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]

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

[@erldelsan4396]

SAAN YAN LUGAR MAM, MAGKANO NYO NAKUHA YN BAHAY

[@RealEstateAlexZeta]

This is in cdo.

[@ghostoftomjoadRATM]

Do you see foreclosed condos often?

[@RealEstateAlexZeta]

Hi, In CDO? There are not that many foreclosed condos here but there is one in Business park. Please send me an email to [e-mail] or pm in whatsapp [phone]) so I can foward you the details. Thank you.

[@RoslaynieAlala]

Where is the location sis?

[@RealEstateAlexZeta]

This is in Cagayan de Oro

[@RoslaynieAlala]

Magkano mo yan napanalunan?

[@RealEstateAlexZeta]

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

[@elvietv6677]

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

[@RealEstateAlexZeta]

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

[@sakurablossom6831]

❤

[@amfreewoman]

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]

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]

Pag inggit pikit at tikom bibig. :)

[@palagingsawii]

anong project po yung nasa @6:00 time

[@RealEstateAlexZeta]

It’s fresno parkview by robinson homes

[@shanmievlogs]

Helpful content 🥹

[@RealEstateAlexZeta]

Glad you think so!