The “Barkada” Investment Plan.

You have 500k. Your best friend has 500k. Your cousin has 500k. Individually, you can’t buy much. Together, you have 1.5M Cash. That’s a 20% Down Payment on a 7.5M Asset.

How to Bid as a Group

PropertyAuctions.ph allows for Co-Ownership. When you register, you can name multiple individuals on the “Offer to Buy.”

• The Title: Will bear all names (“Juan Dela Cruz AND Juana Santos”).
• The Loan: Banks allow co-borrowers (usually immediate family, but some allow non-relatives for investment loans).

The Rules of Engagement

Before you bid, sign a private MOA (Memorandum of Agreement):

1. Who pays the monthly amortization?
2. When do we sell? (e.g., “We sell in 5 years or if price hits X”).
3. What if someone wants out?

Scale Up

Don’t let a small budget stop you. Pool your resources and bid on the Premier Tranche.