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

In real estate, you make money when you buy, not when you sell. That being said, you need to buy at a good price, below market value. And foreclosures are a good way to find great deals.

If you’re looking to buy a foreclosed property – then check this video out and please click that like button while you’re at it.

That’s how we bought our first foreclosed property in 5 steps.
Step 1: Check the property
Step 2: Submit a bid
Step 3: Wait for bid result
Step 4: Comply the needed requirements
Step 5: Sign the Deed of sale + turn-over
Alex Zeta
Real Estate Broker, Consultant and Content Creator
Brokers Lic no 0007755

Hi! I'm Alex - I'm a Real Estate Broker, Consultant & Content Creator who started in the real estate industry back in 2011. If you're looking to buy or sell Pre-selling property in VisMin area or real estate in Cagayan de Oro, give me a call so I can help you out.

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[terenceguieb]

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

[gigiazcuna]

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!

[kobexin]

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

[charipacspark]

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

[erldelsan]

SAAN YAN LUGAR MAM, MAGKANO NYO NAKUHA YN BAHAY

[cherylcarrasco]

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

[cherylcarrasco]

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

[rachelnuylan]

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

[donnamarieugaddan]

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

[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?

[dune_]

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?

[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

[dhonlad]

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

[lqui]

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

[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.

[elvietv]

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

[ziker]

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

[juliepearldavid]

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

[garendarius]

Ate ano po ba flooring nyo sobrang ganda po kasi

[liezelramos]

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