Why I quit my high paying job to invest in foreclosed properties (my first successful deal)

Описание: 🎁 Avoid problematic foreclosed properties with this free Due Diligence Checklist: https://foreclosurephilippines.system...

People often ask me “How can they get started with investing in real estate?” which I answered in this talk during the TGFI Financial Literacy Summit last April 2, 2017 at the SMX Mall of Asia.

I shared my journey and how I was finally able to start with investing in foreclosed properties (and why I started). I believe “a big why” is just as important as the “how” because, without the “why”, I probably would have given up on real estate investing and never got started.

I also explained what happened with my first foreclosed property purchase (along with some lessons learned), which I bought via auction.

Part 2 of this video where I explain why I decided to buy the property mentioned here (because I believe it was a good deal) is now available:    • How to find foreclosed properties with goo...  

For more foreclosed property investing tips and updated listings, subscribe to my channel:
👉 https://www.youtube.com/c/JayCastillo...

Timestamps
0:00 Intro
0:04 Too much stress at work
0:39 The book Rich Dad Poor Dad (2005)
0:57 Think Rich Pinoy book
1:22 Studied for the 2007 real estate brokers' exam (for the knowledge)
1:41 I learned a lot from Engineer Enrico Cruz
1:59 Raising capital for my first property
2:15 How I tracked my expenses
2:40 The book Simplify by Bo Sanchez
2:53 The "Money Jar" method
4:06 Why track your expenses?
4:27 My first completed real estate deal (2009)
5:32 What happened to my first purchase?
5:59 Rent-to-own converted to bank financing
6:32 My tenant-buyer's concerns
7:00 A Win-win-win deal
7:29 More deals
7:53 I finally quit my IT Manager job
8:12 My blog foreclosurephilippines.com
8:42 Up next: How was I able to identify a good deal?

Sorry if the footage is shaky and if a lady was blocking the view at times, my wife used her cellphone to record the video and she wasn't able to sit at the front.

This is just one of many videos where I was invited to talk and share our experiences and lessons learned about investing in real estate/foreclosed properties in the Philippines.

I'll continue sharing more videos like this (I am still unable to make new videos since I am at the hospital most of the time taking care of my mom).

Subscribe to get notified when I upload more videos about real estate/foreclosed properties. Click on the following link to subscribe: https://www.youtube.com/c/JayCastillo...

View our latest compilation of foreclosed property listings:

BFS: http://bit.ly/bfsproperties

Bank of Commerce: http://bit.ly/bankcomforeclosed

Pagibig foreclosed properties - https://bit.ly/pagibig2020

RCBC: http://bit.ly/rsbforeclosed

BDO foreclosed properties - https://bit.ly/bdoforeclosed2020

China Bank Savings foreclosed properties - https://bit.ly/cbsforeclosed2020

Maybank foreclosed properties - https://bit.ly/maybankforeclosed

Search from over 20,000 foreclosed properties (Regularly updated): https://bit.ly/foreclosedproperties2020

Search by City / Province - https://bit.ly/foreclosedlocations

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#realestateinvesting
#acquiredassets