Jay Castillo here! I’ll be sending your usual dose of public auction schedules and foreclosed property listings tomorrow.
For today, I need to ask you a favor…
I am about to re-open enrollment for my training and I believe it would make sense to ask you what you want to learn about foreclosed properties.
Just like in previous batches, I want to cover the things YOU need so you can actually go out there and safely get started with buying foreclosed properties in the Philippines.
I’ll do my best to keep the training short and sweet (to avoid information overload), but without shortcuts (to help ensure you get answers… NOT more questions or confusion).
However, I need your help. Before I finalize things, I need to make sure I have everything covered…
I need your help!
This is where you come in. Please tell me how I can help you by answering the short survey below:
Note: please keep in mind that this is a full-blown training course that can cover so much more than your typical “seminar”, so please don’t limit your yourself when giving your 2 top questions. If you want to give more detailed answers, that is perfectly fine, and will be much appreciated!
Thank you!
Hello everyone, I added a survey form inside the blogpost above.
Please leave your answers in the survey form. Thanks!
Thank you, Jay (and to your wife) for being generous in sharing your real estate experience and knowledge. This site is a great source of information regarding real estate investing.
Here are some of the questions that I have;
1) Is there a tax law or rule in the Philippinnes like the “1031 Exchange rule” in the U.S.?
2) Real estate investment is a long-term investment. Which has more advantage or a better way to invest (in terms of taxes, liabilities, bank loans, protection, overall cost, insurance, etc);
A) put up a corporation and invest using its name? Or
B) invest under your own name?
Thanks! And looking forward to your online course!
Cheers!
Ton DC
Rizal
You’re welcome and thank you too Ton for sharing your 2 top questions! I’ll get back to you asap…
Hi Ton,
The closest we have to the 1031 is the CGT exemption from the sale of one’s principal residence, although they are still very different. You can check out my wife’s article about it here: https://www.foreclosurephilippines.com/capital-gains-tax-exemption-sale-of-principal-residence/
As for which is better (invest under a corp or as individual), of course using a corp is better protection wise, but you should not let having no corp stop you from getting started. You can always setup a corp later… just my 2 cents.
Doing this via phone so Ill keep it short ftm. Will take brokers exam this may. Thanks to your blog i found rebap seminar. When I pass, ill give inputs and would like to learn more from you. Your blog is a handy resource and i love your writing style. Im a fan and im thinking, when i pass, ill be more frequent here. Ty and God bless you.
Thank you Daniel! Good luck and I look forward to seeing your name on the list of topnotchers!