OPPORTUNITIES IN THE PHILIPPINES FOR OFWs

OPPORTUNITIES IN THE PHILIPPINES FOR OFWs!

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Learn how to invest in real estate in the Philippines even with no money down. Join the growing list of real estate investors. Make profits from buying foreclosed condos, apartments and houses. This may be among the best business opportunities in the Philippines for OFWs and other Filipinos.

People need housing or shelter. It is one of the basic human needs. In most places, including the Philippines, this measures one’s standard of living. This is true even in a crisis. You do not have to look for other good ways to invest money because its value goes up over time.

How to invest in real estate technique #1:

Affiliate Real Estate Marketing or AREM

AREM is selling another person’s property. You get quick cash with no risks. This is good for beginning real esate investor. Even if you do not sell the house, you get to build a buyers’ list. You will know what buyers are looking for.

How to do this with no money and no banks? Sign a non-exclusive option to purchase contract with the seller, no agents involved. You have the option to purchase the property at an agreed price when you find a buyer.

Downsides: AREM makes small money, as small as wholesaling or sometimes even smaller. Seller or buyer can go around you since you do not control or own the property. But with no risks and a buyers’ list, it’s worth the efforts.

How to invest in real estate technique #2:

Wholesaling

Wholesaling is finding a buyer who will close the deal for you or take over your position. You do this before a purchase contract expires. Signing the purchase contract gives you control of the property. You get quick cask with little risk.

How to do this with no money and no banks? Partner with your buyer by letting them put up the earnest money deposit. They are going to buy the property anyway. Another way is to assign or sell the contract, or double close it.

The process for buying foreclosed homes is crucial. Edrick Esguerra, a teammate in Trace’s Apprentice Challenge on real estate investing, sold a house and made P250,000 in six days after winning a foreclosure auction. His buyer would take over the payments with the bank.

Downsides: You can earn from wholesaling even with no money down. But it gives you one time income. Once the deal completes, you have to find other deals to make money. You can lose your earnest money deposit if you can’t find a buyer quickly.

How to invest in real estate technique # 3:

Retailing

Retailing is selling a house to an end buyer after fixing the repairs. You get a big chunk of cash when the deal completes. You earn more when you buy low and avoid too much repairs. The key is finding your maximum offer with proper cost of repairs.

How to do this with no money and no banks? Trace teaches how to borrow private money from lenders or partners. His students learn how to approach people to be real esate investors. Trace gives pointers on how to answer whether this is the safest way to invest money.

Downsides: Learning how to raise money to fund your deals is another key. You also need to manage contractors doing the repairs. And you need to sell the house fast. Mistakes could be costly.

Do you have the money but do not want to handle the nitty-gritty of a deal?

How to invest in real estate technique # 4:

Rent to own

Rent to own offers three streams of income: down payment, monthly cash flow and back end. You profit when a tenant or buyer makes down payment. Monthly rent from tenant gives you cash flow. And you earn big when tenant buys the house.

The house can be a foreclosed asset of a bank. This requires money for down or full payment to the bank and repairs. Finding real estate investorsto fund the deal does not need your own money. It is like getting real estate investor loans. You give lenders higher return on their money as incentive.

How to do this with no money and no banks? Trace said through owner financing or vendor financing. You take over the mortgage payments. Ask the seller to put up 3 months of mortgage payments to give you enough time to find a tenant/buyer.

Downsides: You have to deal with tenants, toilets and termites. Or you can avoid dealing with them by hiring someone do the job. And the big profit or back end does not come after a few years.

That covers the four quick turn techniques on how to invest in real estate. You as an OFW or Filipino immigrant abroad can use these techniques to build wealth or earn passive income.