so everyone thank you for joining us I
have here the man of the hour
je Castillo of foreclosure Philippines
Co so we're gonna pick his brain about
investing in foreclosure properties so I
hope you listen okay and those to your
Facebook first right focus on the
interviews and take down notes okay so
Jay thank you very much for joining us
ah Thank You Alan thank you also for
inviting me it's it's a pleasure and an
honor all right thank you very much and
so first off did I jump is a question oh
cool so everyone who's watching this are
interested in foreclosure properties
could you tell us why one should
consider investing in foreclosure okay
ah I got a bit basically
foreclosed properties are a very viable
source of property so anytime you
consider buying a listing generally you
have a lot of sources fellow foreclosed
properties is one one source that is out
there not a lot of people don't
understand it yet a lot of good deals
can come out of foreclosed properties I
say first and foremost you your
possibility that it can be bought at a
price below market value so you know
that's the biggest reason why people
consider foreclosed properties although
it's not a given that just because it's
a foreclosed property is below market
value you still need to check mm and and
when I say foreclosed properties and
referring to those that have already
been foreclosed by the bank so they
already own them not those that are in
foreclosure balance even was in
foreclosure Union those are the
properties that are
posted on the bulletin boards of the
City Hall or the dusties right that that
those kinds of properties are not
advisable for newbies or new beginning
because it would take a year before you
can actually finish the redemption -
you're right most of them are occupied
okay I would not advise those properties
in Photoshop alum mm-hmm I only would
recommend you foreclosed properties of
banks those under pending for closely -
right
save it snap in cash basis Cosima in
foreclosure cash cash basis mmm that are
foreclosed by banks obviously the banks
can give ah terms terms okay and before
I forgot not to ask of course when we
say foreclosed properties we are talking
about properties that are being
amortized by the original owners pero
hindi nila 'no by erin the minute i at
Abu Simbel then they were possessed by
the bank to say technically it's under
the bank's name it evapo he know hello
grandma so this is an AHA papaya that's
why the bank the bank got them and
they're offering it for the public to
buy yeah okay it's okay
it's like they're they're making they're
making the most out of an non-performing
asset good they used to be collateral
for a loan and the Butterworth's were
not able to pay mm-hmm so after a long
process of the foreclosure process the
man ends up owning those properties and
of course they have certainty right
sometimes they have to say that no price
just right that's where the opportunity
comes in okay and I know Jay know that
you are in the IT field before you
mentioned that in your videos could you
tell us how you how you got started the
man with four
those properties yeah okay so I think
the first time I learned about
foreclosed properties was in 2005 when
one of my office mates my staff he
introduced me to the book rich word
energy the the main book by most real
estate investors out there right so I
read that book even if if only mention a
very small it has a very small portion
about foreclosed properties
I got step so that was in 2005 but I
didn't do anything for a year because I
didn't know what to do mmm how to apply
what I learned there in the Philippines
heading and then I after a year I read
the book I think I should know right and
that's the time when I said oh this is a
very food blueprint on how I here in the
Philippines so more or less I I started
to attend auctions if I wasn't ready to
buy I still attended controls and people
from the bank's started started to
recognize me so seriously up to the
point that I actually was ready to buy
and I was like but it took me a long
time and thing that was 2006 but my
first successful deal in 2009 but from
from 2006 to 2009 I had a lot of offers
offers for a pro but somehow the deals
did not push through that real completed
deal happen only in 2007 did you have
like a mentor to do this or be nice
melons from the books that you've
learned and through your own experience
that ah
maraming mentors firming lips are mostly
the pink which annoyed franchisees
possibly Isaiah Santos Sheila Ethan
Ethan diagonally on me ha ha ha Sheila
Sheila JC and Apple doc here I got the
chance to see the people at agape hmm
then I remember I attended option and
New Zealand Oxford and damn you know
Manami posse see Jan about in dr. Jenna
begin hmm
so I knew answer answer book chats and
English for knowing or nanny college I
you and then he saying something like
push shock and I know him from a
different time when I see John see dr.
John it's very successful with my
apartments I believe the USD and
everything in lmost Angela ok na la la
Winona
Savi need dr. John a an emoji
uh-oh forgot I say I wasn't I was
disheartened see it was a something
happened during that time
come on down Savita nothing scam mmm
chick incident from someone out there
that befriended me and I want to give up
on my list big [ __ ] John they all
people again and he was the one who
encouraged me to submit an offer
actually
welling up not even good deals but
because P I had a second look semana
distinct and land Alana right a room and
suddenly I saw some promising news
submitted an offer
ha ha ha Nicolae another and or
apartment although you say in semana he
did not push through her own bed
skies tonight when on Dora
you mind or apartment I don't
címon címon gonna submerge hmm
it was urged for a day right but it was
submerged for if I'm not mistaken you
areally on for around 1 or 2 months well
grab a geek you knew I'm not coming back
inna the next table and inferencing
mm-hmm
very young area neon sitting on one or
two months
mmm ha ha ha ha hey listen buddy scan
that is you got the experience of
getting your offer approve foreign metal
duck man an overcomer the open cutting
that's a very interesting look at the
mental side of investing - foreclosed
properties yeah yeah
so moving on so for example navigate now
by 2009 you got your first property and
invest in allah from getting a property
what are the ways the man that you could
earn from it see we've heard of rent to
own or rent rent for in Perham rental
property like for condos the power built
in cell flipping what are the ways now
like for me an obvious oh how could you
how what are the ways that one could
earn from it ok um they're actually only
three main arrow
I'll explain come back but when I write
I say those three would be can be
combined or maraming different ways so
I'll mention the first thing first you
buy low sell high
you basically buy Lenape and sell at a
higher price right I call that flipping
you you can also do by Android plan new
renovate and drain so you're just going
to read out title income right the next
would be right now the most common would
be to broker properties rotring
foreclosed properties you don't need to
buy you as a broker or if you're an
agent you're under
a broker and you sell the property earn
commissions in that long basic but you
mentioned an event all that's another
way but rental if you think about it is
it's a long-term flip Allanon toboggan
to buy you renovate and then you sell by
installment longer mmm nothing it's a
long-term play mm-hmm you build and sell
no man it's more like long term a bit
deeper a long term it's a more thorough
renovations instead of just renovating
you're actually going to to build a new
structure mmm then you will said Parrish
an Fourchon a more advanced version of
flipping mm-hmm it is um other ways
would be you can also not let the
property go into foreclosure in all that
pre foreclosure you're going to help
someone to to avoid foreclosure by
helping them whether you you're going to
end up buying the property from them but
at least they won't lose everything you
can buy it from them and then they can
keep their equity mmm a portion of the
selling price and then you end up with
the property at least they have money to
start with you prefer cloche or
shackling rentals and engine and nothing
running um so human are basic okay of
course man and ingenuine you can buy and
hold though it's not something I would
recommend because a when you buy and
hold you have a property that you are
paying for right on your money's there
and your hope in hope it will in racing
you and we don't know that a property
will
we go up in value so I would rather than
hope that the property will go up in
value it would be better to buy the
property below market value right so
that they call that forced appreciation
if you buy a property below market value
most probably the reason is it's below
market value because its dilapidated hmm
if you fix it if you renovate it the
market value would obviously be higher
right can my full market value or or
even even more more Chinese sell it
elegance
además tabulous right all right you
mentioned you mentioned the last one
which is inside more popular shop which
is brokering good could you tell us more
about that
paintings you will act as a federal or
not just a fairer you you will as
someone who will pocket the foreclosed
property in a turn omission or right now
it's professional because a real estate
brokers considered Nass
professionals under the PRC so you will
earn the average would be 5% of the
selling price mm-hmm if it's an milllion
anything above would be 3% on the
selling price so you curtain
Commission's but if you don't a licensed
broker you earn through a share of the
Commission right I'm under a broker
right right yeah otherwise you're
practicing legally right right so for
example I'm not a licensed broker and
you are so I could refer a buyer to you
gather then I'll just get a share of
your Commission Gannon Peron
as someone who referred to you but your
kombucha under say oxy you're the one
who's licensed yeah something like that
is a fun you are under approver because
what happens Liga Aloha the broker has
the know-how taps the broker is
accredited by the ban hmm so you are
also a say you are sure that you will
get a permission
unlike if you are not since in your
acting as an agent what if the band does
not recognize you that's a legitimate
fail or then they you will get nothing
out of it they will bypass you right and
they have work so if you are an illegal
crack turner
mm-hmm what why do you say J that this
is the popular way right now
Sigyn Booga when when I was researching
for interview indicia it's a Samantha
Burbank it in terms of Berkeley
investing in foreclosure so why would
the yd say that this is per annum
popular now nowadays okay uh where's no
money it's direct money down way of
getting services because you don't need
to buy a property right all you have it
is nobody else immediately refer it to
people who want to buy mmm you you don't
have to spend any money for the MA for
renovation right
we just sell you mmm that was one reason
why there were a lot of years after I
invested in an older and then we we got
affected by a boy hmm
I turned [ __ ] because it was it was
faster because I don't need to buy it
renovate renovation also takes a long
time right and then I can just keep on
sailing sailing of course broke which is
very active in combination
that's right and and one right now
because of the blog each time I share my
listings on probation phone
I get a lot of emails asking me if they
can refer properties from the list so
that they can earn commissions so Allah
what are interested mmm I'm sure for
every email that I get they're actually
people out there doing it already
mm-hmm golden eagle or hopefully most of
them are legal because they they
probably know some brokers and they are
working under them it's very interesting
look and thank you for sharing that day
and so some be I didn't do that I if
you're into buying property so much so
we know that why we want to invest in
foreclosure and the ways we could earn
from it so in between how do we choose
the man what should we consider before
investing in a foreclosed property okay
so investing in not just foreclose any
proper term and form of realistic the
first thing you need to do with me don't
know um if the price is right right so
let's say you want to buy a house and
land so the first thing you need to do
would be look at other house and nuts in
the same village you need to get an idea
how much are they selling for right now
okay so if you find a house and lab for
sale you have an idea right but it does
not follow that the selling price is the
actual market but oh how would you know
if it's the actual market player if
after a week after a month it gets sold
you know that's the market plan because
someone is willing to buy and not right
right unless someone is willing to buy
at that price then that price is just
their dream price our asking price right
and we all know that anyone can demand
or ask for a very high setting right
side but you stay in the market for
years so that's the first thing you need
to know if it's selling at the right
price if your concern is you just want
to buy a property for your own use right
but if you are going to invest because
you want to to turn it into a rental
property then you take it a step further
instead of just asking for the selling
price of properties there go deeper you
ask for the rental rates okay all right
of properties that are for rent Linda
hmm that's the only time you will you
will understand if any property that
comes your way is a good deal or not
right because I I noticed a lot of
people would say oh I can buy this
property and maybe I can rent it out for
15,000 or 20,000 haha how do they know
that someone should event for fifty
twenty thousand or more right and they
have not checked me from another program
there or she need to check on so my
example Karina if a property gets so
then you know the market value right for
rental properties if a property gets
painted that's all the time you can see
that's the real gentle rewrite for
pretty monumentation right never taking
this price and all at face value you
have to always take it with a grain of
salt again unless you see people
actually paying that amount in limine
that again played one pocket over that
rate answer to it yeah please going back
a lot of people tell me that energy I
was offered this property and they say
that the I can get twenty thousand rent
for this a nice how how do you know
what's there at
property beside it that that tenant it
then the worst answer I would get would
be its pre-selling its own but they know
that it will read for that you know it's
amazing
and Lester there's a building beside it
is currently the thirty has units that
are tenant a dance Tony can see the
rental rates are so and so so in that
situation J if it's pre-selling what do
you do they hang up condemned the
nearest property that's tenant ed that
would get your benchmark that's a
benchmark mmm ideally it's it's also
from the same developer uh-huh so temple
in you Manila there's a Vida right here
cramming if there's a power five mmm
then it's because back then I remember
our five was still proceeding but
there's a our one unit that is actually
been there for around four years and so
you need that extend entities you know
you have you have a very good basis that
the rental rate or that you need in our
one would be very similar if you have a
new in our five most probably the best
fashion premise back yes you saw any
basis to see a rental you know right
come back apparent talk is cheap enough
money to money
colony all alabasta para that's really
what matters yeah interesting so I know
I saw one of your videos where you of us
through your you gotta inside your card
and you look at a property could can you
give us an idea so for those people who
haven't watched that could you give us
an idea what you look for when you
you inspect a property especially one
that is foreclosed yeah okay so the
first reason to buy would be the thing
that I would look for hmm the better
reason why you look for properties would
be the location location 3 visa yeah oh
yeah yeah that's why in that particular
video I was looking at that street I
think at the whole village if it was a
place that I myself would want to live
in place okay okay ship Elega you need
to check if it's secure nipples would a
a good place to stay some is that you
would feel secure enough that you can
walk at night and there and I know that
that particular village because I passed
through there three times a week right I
know how safe it is for me it's quite
safe that's why it's good but aside from
that I am looking at the physical
aspects oh floods I'm 100% sure it's not
flood prone mm-hmm the streets are wide
enough
right there's traffic mmm the only
concern there was for me I was looking
for a street that was wider mm-hmm
there's a tendency for both to park if
someone parks then no one can park on
the other side right and I'm saying I I
got used to villages where the streets
are so wide each house can park a car in
front still people can bathroom there's
nobody for that for the village I could
not see anyone parking from both sides
so I'm very particular about that now
for the for the physical aspects of the
house
you need to check the condition if
obviously if it's a foreclosed property
there there it would need repair society
but if the repairs are too expensive if
it would cost too much then maybe it's
not worth it because you're spending
more mm-hmm
you thought you're going to say but you
will be spending more than it's not okay
you also need to check if if the price
is low enough to justify that you will
you just build a new structure you'll
demolish structure in a building that's
also also one I consider if it's cheap
enough to buy wearing you can build a
new structure then why not lean and you
also need to check of course before you
enter the property if there's someone
inside haha you if they are caretakers
of the bam hmm then okay you can ask
them to show you are now on the problem
right but if the people occupying the
property are the former owners don't
proceed right up I always tell people
just respect them because if you were in
their situation right you would
understand of course they want to hold
on to their homes really so please if
it's occupied hmm don't don't continue
trying to look at the property just
press them a just just go to another
property just for money right
you also need to check if the location
is it's not flat it's not owned if you
see a lot of fences that are too high
haha
that were rebuilt I know that it appears
they were trying to keep someone out
uh-huh right
barbed wire extension and then extension
extension and I learned this from a
friend that you will know how many times
a house has been burglarized by how many
expand all right it's us yeah so that's
a good way to check if I if I village
secure or not so those are the things
that I would look for mm-hmm I inspect a
property right and I remember I heard
somewhere that you could check if the
place is flood prone if we could see the
walls if there are lines then the
parents outlines before you know then
appear on all marks of all major Motta
asking yeah yeah well now we both very
smart if there are flat knives it would
be a lot of it
so for flood lines on one property that
is vacant mm-hmm
most property there's a vacant property
and you will see just there was you
hollow block was that has no pain mm-hmm
those are the places where you can see
the flat lines right right because our
body would repaint that interesting and
you also mentioned that the best time to
visit a place like that is during around
noon times because it normally there's
no electricity on in the places since
it's foreclosed okay um one of the
things that when I was researching for
this interview they were asking about
like back fees like for example we
mentioned there is no electricity there
might be some outstanding payment to
Meralco or real estate taxes is that
something you should consider how do you
check on that yeah you actually first if
there's a caretaker ask them right
because most probably if the electrical
connection is okay they would bail
was very the house they will connect if
but aside from that they will see some
bills lying around there can actually
see them most of the time you will see
them you can check how much wood without
standing hills and then all you have to
do is verify with the bank right right
now most banks will shoulder any other
years maybe even for the water mm-hmm
but you need to check if there is an
existing connection mm-hmm not just a
connection that you can reconnect mmm
you need to check if there really is a
service advance right because if that
house was never connected to Morocco or
my Neila mmm another post because you
you have to there's an additional cost
if a certain house in a village doesn't
have electrical connection and there's
no service entrance
nothing for me I don't know the exact
amount because all of the properties
that I have purchased already how in
comparison
somewhere in Cavite we are not me my my
clients they mow a row lots and it turns
out the whole village doesn't have any
water or electrical connection so even
if they wanted to
there's no easy way know to city and
water know something you need to check
out right and within the video I noticed
that you you went there alone or I think
one of the things that like a newbie
would be concerned about this they don't
know what to look for or they don't know
how to assess a property is there like
have you tried having someone a company
like maybe an appraiser or someone who
knows his stuff so that when you look at
the property Kumagai that you could
leave
under experience and knowledge yeah
before I used to bring not an appraiser
not factored it was more concerned with
the cost for the repair died so I and
it's free hahaha if I bring up on
tractor they can give a free estimate
right nice but if I bring an appraiser
usually appraisers will charge I own so
that's the only time that I would bring
an appraiser is if I am already very
serious right that I want to really buy
this problem in if the cost is is
significant
that's a break is for five or ten
million that's the time I would spend
five thousand to make sure that my
estimate my estimated market which are
okay right interesting
so you mentioned in contractor or of
course as a newbie maybe without having
contacts how do you find someone who's
trustworthy and may the became a soft
symbolize very free estimate may be who
could charge at a fair price in the long
run the student yeah um for me I've I
rely on the Pharisees people I know in
that location who have done renovations
those are the best people to ask for
enhance the vision I tell this is
because before I mentioned I invested in
a lot of properties in antipodal right
and I used the the best practice get at
least three rotations right I got three
rotations but when my broker even if I
was a licensed broker I still got the
service of broker when my broker saw the
list she said
I don't know this person I don't know
this person this person is someone who
will disappear middle of the van
Strummer stop so she knows right right
Oh what happened was she referred me to
someone she knows named it turned out
okay because I got a better price
because to be honest the first two were
so expensive and then the last one even
if it was cheap it was the one that she
said then birth run away right in so I
got her on trapper I also got
contractors from friends but it turns
out those contractors are based not in
Antipolo great but their pricing was
very high compared okay you you need to
find someone who is already in that
location right in that alliterate that
missing that it makes sense huh
right of course so the bucket nothing we
have appraiser contractors could you
tell us who you likely work with in the
process of purchasing a property you
already mentioned a broker would you
also need an attorney or who who else
would you need to work with yeah you
would need an attorney but I'm lucky
because I married one at all right so
when it comes to contracts ah you need
an attorney to chain mm-hmm for your own
protection right window with banks
there's very little leeway I didn't
catch the contracts because the
contracts that they will provide are the
standard contracts sometimes it's very
hard to change them but at the very
least you need an attorney to review for
you right
topher banks in that it's
it's more or less safe to run with them
because they have a legal being that
check the documentation although it can
be fail favorable to them no yep and but
of course months will not risk their
reputation it shouldn't just to pull a
fast one on you right so a bunch acts
even if it appears to be one-sided
it's like mm-hmm interesting so for
example well you're made to an authority
for someone who's not how much wood
would that take me for them to review a
contract for you ah you have to go back
to your broker aha most probably your
broker has an attorney mm-hmm or an
authority that serves the broker
Association for facially right that's
the good thing about brokers because in
someone has a bad record
mm they would know think oh and they
would tell you I cannot change is more
salty so it's more like they're pretty
honest and they're happy on who can be
trusted right and it's a small world
when it comes to to the real estate
industry Passport yeah they will know
interesting it refer someone can be
trusted right from our conversation I
feel good that your broker is Palin
someone who should be your fiduciary
who's going to get enough put your
concern and make it a priority how do
you find someone like that say of course
if you're starting from scratch you
might not know anyone um where do you
find a broker that you could trust okay
um for my broker mm-hmm Nielson Antipolo
she was actually recommended by the man
okay okay
it turns out because the bank was in
ortigas the property was in antipolo and
I
and I can imagine during that time they
were only four people and link all the
foreclosed property that's they would a
outsource student
paints for the property inspections lick
the command brokers and it turns out
this proper also both properties I see
it so well when I'm asking will this
make money right up
as properties so that's one thing you
need to look for when you you're going
to look for a broker find a broker who
also in this so that they will
understand you more right I don't if if
the broker has no investments then it's
a different mindset
yeah their mind said also not really oil
but most would just import a sale right
but I this broker she was the one who
would tell me I'm adding it don't buy
that that's too expensive haha oh that
tells you not to buy uh-huh that's
that's very there yes
so instead something that I agree yes
she is not after the position right he's
not alone then long-term relationship is
that first field I bought three mmm
three straight from her right she's show
she showed me a lot of properties and
she would have a lot of side Commission
mmm-hmm or don't buy this it's blue
polenta Big Bang and logica rise you
only get those those comments that are
actually like you're being mentored for
free ride from someone who has done
right those are the best kinds if
feeling more comfy more shy rather than
someone Ito doable and you think twice
with their comments that's great so I
guess yeah the bank would be a great
starting point to
find a broker especially familiar with
that location okay so okay so we have
the people we need to work with we know
how to sell it when it comes to selling
um how do you market your property
demand if you've done renovating it
you're ready to flip it or rent it out
how do you market it okay first thing
you need to do your pricing it's too big
not good right if the best way would be
to have it appraised place of course
there's a cost but my suggestion is
don't have it appraised by by just an
appraiser right have it appraised by a
ban okay okay it's like you're going to
get free up north zone for that property
you are hitting two birds with one stone
because you get the right price the
property portion of the loan is already
pre-approved mm-hmm so the only thing
you need would be a person a buyer who
can qualify for the no tribe no it makes
it so much easier sorry
you have confidence to sell at a price
mm-hmm you have a basis right leave it
bill that will provide a don't forget
right so that's the first step second
step if you found the pricing go a
little bit oh okay so that don't be too
greedy because if it's below market even
for five percent mm-hmm all the other
buyers in that location will obviously
choose your property or not and so you
get a faster sale get less holding costs
mm-hmm if you didn't buy the property
for cash obviously you're paying monthly
amortization so the sooner you said it
that
was pretty mm-hmm so sell it at
below-market and Intel and right now
remember the broker that you got the
property from right turn around
Jeanette and okay now you will sell it
for me right right and give them an
incentive made me give them a Chanel
Commission if they would be able to sell
within 30 days or something like that
right interesting
so when it comes to the purchase not the
commission of the broker comes from from
the seller is that right Hamish anger so
now it's a flip num I mean you're
selling you're the one who's going to
pay the Commission amount to broker yeah
okay so in terms of on top of that do
you use any online because I've heard
I've talked to some property investors
more of corporate namazi that they often
post in I'm not sure if it's OLX and the
Moody and they and they get referred
leads from there
it's not something that you do as well
for foreclosed properties yeah and
something I want to come in if if you
don't have a broker and lick it
exclusively right you you can go to OLX
I just OLX property 24 okay turn the
moody right now it matches also okay
there are two dark forces a doula and
prove it drop it
young sir foreign foreign owned websites
just like the money but I I noticed rub
it in Mitola they get a lot of traffic
from equal searching from Google right
so even if someone is not searching at
their site directly mm-hmm let's say I'm
searching at Google mm-hmm and that most
probably in the Buddha or
in probably it's been and the meaning is
you don't choose one you choose as much
as fun as many as possible because it
means copy-paste them aha
so as it's your property you have all
the details what you post in one side
copy/paste with the other sides right
it's very very helpful tip and these are
I think are they're free option and paid
option for these sites or are all of
them babe or almost all of them are free
are free okay okay but do you have the
option of paying for more exposure yeah
that's very interesting
right I didn't mention Facebook all
right one of the best one of the best
did okay but when you say Facebook is it
about like personal page or do you want
to set up maybe a product a product page
for that yeah you can do both Moondog
your own profile that's enough hmm
because even if it's your own profile
you can already boost and although I
haven't tried it yet but I
I noticed that Facebook is prompting me
to to extend my reach uh-huh I haven't
tried it even with my personal profile
or mercy oh hey but if you are in this
for the long term mm-hmm it's will
create a page interesting yeah for
credibility as well for its work okay so
this has been very interesting Jane I
personally Adam
my name is Adam will be a holding
pattern pellagra per personal reasons
but I think you know from a newbies
perspective I think it's something that
a lot of people are interested in a bug
about us well you mentioned earlier that
you had mentors along the way you
started 2005 but you actually bought the
property 2009 and along the way there
were challenges divided um for someone
whose newbie who wants to have someone
teaching them on the details see you
learn this via an experience and a lot
of hardship good
how could they if they want to get your
mentorship is there a way for them to
learn from you yeah right now you can
learn from the blog free but you have to
search anyway I already categorized it
in copy real estate investing you can
learn there I have I have more than one
thousand forty articles around one third
would be about real estate investing
side you have you can learn a lot from
there so that's that's foreclosure
Philippines calm yeah right a plan a
more focused uh learning experience
through videos they can still catch the
free three-part video series the one you
mentioned right when I was expecting one
property yeah that is very free and in
fact people often ask why is this free
haha ok but it's it's something that
people need to need to learn very basic
level ready actually I have a confession
uh-huh with you one it's about
foreclosure prevention uh-huh because to
be honest it's getting tiring the most
listings of foreclosed properties
I mean Dimmick waiting Mikoto Ella Rose
yeah through that's why I think you one
is there to prevent foreclosures but
it's not a popular topic that's I I
didn't say it's foreclosure good and
still I put it there right and the rest
of the videos 52 and 53 it's all about
due diligence right and that's this
that's not very basic and you need to do
before you buy a property and you get
that for free right I remember you
mentioned it very very clearly video 2
was about how to find a property worth
investing
video 3 is about finding reasons not to
buy that property yeah so that you could
you could really select the best ones
yeah yo those three videos are how long
I think a total they're almost towards
the animals yeah but to be honest I
still I still have a lot to say I kept
those short because I know that people
with a very short attention span so get
those short but I have more videos or
more more tutorial on 10 but it's in the
members area okay it's a training area
in my blog and but um it's not free it's
not free and um it's quite expensive if
you ask me hmm but if you ask my friends
they're telling me all this it's too
cheap ha ha ha they always tell me or
your undervaluing what you're providing
and I said I'll meet halfway
ok I can't just give something that is
too expensive and then no one will we
will get it for buying so high I I had a
compromise pricing right now that's one
I'll post a link if you're curious about
J's program and I think it went when you
look at it you could be the judge if
it's the values right or not because
when I took a look at it and it's like J
you took the 4 years now like
experimenta and compress it into one
comprehensive program for you to follow
so yeah I'll post a link to that so that
you could judge for yourself and if like
this interview is any indication of the
content and expertise that J has and is
willing to share I think it's a good bet
that you'll get your money's worth with
that so that thank you very much Jay for
sharing your time with
I know you're a very busy guy and you
really appreciate the learnings that you
shared with us thank you so much Alan I
really appreciate his that you you
invited me for this interview thank you
so much thank you very much day and
everyone I'll post the links of what of
what Jay mentioned all the videos and
his training program and his site below
this video so thank you very much for
watching until next time bye