Money in distressed property

The Philippine Star
September 11, 2009

MANILA, Philippines - Properties-in-distress offers of lot of opportunities to real estate investors not only in terms of good profit but also the opportunity of saving the owner’s credit standing and remaining equity in the property. In addition, the good image of the neighborhood is restored after rehabilitating dilapidated properties. It also saves the distressed owner from more sleepless nights and gives him a new start with the money saved from the avoided foreclosure.

To learn more techniques on how to profitably invest in distressed properties, Urban Institute of Real Estate invites investors to attend a seminar on “Making Big Money in Distressed Properties” on October 14, 1:30 p.m. to 6 p.m. at the Maximo Function Room, 2nd Floor, Max’s Restaurant, near exit of Glorietta 2, Ayala Center, Makati City.

The four-hour lecture includes how to solve the owner’s problem; the overall strategies; keys to success; how to find distressed properties/sellers; how to make your offer, important provisions for your protection; negotiating strategies with owner and lender; common mistakes that should be avoided; valuing properties by mini appraisal; many tips on inspecting properties, financing, rehabilitating the property, selling the property, documentation and registration, taxation; and other important topics.

The lecturer is Engr. Enrico Cruz, who has more than 40 years in real estate, engineering, construction, management and education. Cruz is also a licensed real estate consultant and 1st and 8th placer in the real estate appraiser’s and broker’s board examinations respectively, and was invested as a “Real Estate Fellow” by the Philippine Council of Real Estate Educators.

Urban will also be conducting lectures on other topics every Wednesdays until October 14, at the same time and venue as follows: Sept. 16 – Property Valuation: How To Do It Yourself; Sept. 23 – How to Start and Manage A Successful Real Estate Brokerage Company; Sept. 30 – Taxation of Real Estate Transactions; Oct. 7 – Real Estate Finance and Investment Analysis.

For other details or advance registration, Urban Institute may be reached at 948-8191 or 796-8019, or CP#0916-426-9174/0921-683-9431 or by email at urbanet@pacific.net.ph or urbanet.ph@gmail.com. Details may also be viewed at www.urban-institute.blogspot.com.