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Breaking into Foreclosures: A Starter Guide

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Manage episode 441235754 series 3458497
Content provided by Pace Morby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pace Morby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Welcome to a new episode of Get Creative, where we delve into the lucrative world of foreclosures in real estate investing. Join us as Michael Franke shares his transformative journey from being a high school teacher to becoming a leading expert in foreclosure deals. This episode not only covers the essentials of getting started in foreclosures but also offers a detailed walkthrough of Michael's first deals, the challenges he faced, and the strategies that led to his success.

Highlights:

"It's easier to get a house 50 cents on the dollar than to teach a kid algebra."

"Real estate opened Pandora's box for me; once you're in, there's no going back."

"The biggest lessons in real estate aren't found in books; they're learned through action and perseverance."

"Every setback in real estate is just setting up for a bigger comeback."

Timestamps:

00:00 - Introduction: Meet Michael Franke, Foreclosure Specialist

02:00 - Why Choose Foreclosures in Real Estate?

04:29 - Michael's Transition from Teaching to Real Estate

07:29 - First Steps and First Deal in Foreclosures

10:11 - Overcoming Challenges and Learning from Mistakes

15:00 - The Turning Point: Gaining Confidence and Scaling Up

20:04 - Key Strategies for Finding Foreclosure Deals

25:40 - Building a Team and Expanding Operations

30:16 - The Impact of Persistence and Hard Work in Real Estate

35:10 - Collaborations and Community in Real Estate Investing

40:12 - Advice for New Investors Starting with Foreclosures

► Join The Subto Community & Learn Creative Finance Directly from Pace:

https://paceapproves.com/subto-gc

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

http://joingatortribe.com/yt

► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/

PLUG IN & SUBSCRIBE

Instagram: https://www.instagram.com/pacemorby/

TikTok: https://www.tiktok.com/@pacemorby

  continue reading

429 episoade

Artwork
iconDistribuie
 
Manage episode 441235754 series 3458497
Content provided by Pace Morby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pace Morby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Welcome to a new episode of Get Creative, where we delve into the lucrative world of foreclosures in real estate investing. Join us as Michael Franke shares his transformative journey from being a high school teacher to becoming a leading expert in foreclosure deals. This episode not only covers the essentials of getting started in foreclosures but also offers a detailed walkthrough of Michael's first deals, the challenges he faced, and the strategies that led to his success.

Highlights:

"It's easier to get a house 50 cents on the dollar than to teach a kid algebra."

"Real estate opened Pandora's box for me; once you're in, there's no going back."

"The biggest lessons in real estate aren't found in books; they're learned through action and perseverance."

"Every setback in real estate is just setting up for a bigger comeback."

Timestamps:

00:00 - Introduction: Meet Michael Franke, Foreclosure Specialist

02:00 - Why Choose Foreclosures in Real Estate?

04:29 - Michael's Transition from Teaching to Real Estate

07:29 - First Steps and First Deal in Foreclosures

10:11 - Overcoming Challenges and Learning from Mistakes

15:00 - The Turning Point: Gaining Confidence and Scaling Up

20:04 - Key Strategies for Finding Foreclosure Deals

25:40 - Building a Team and Expanding Operations

30:16 - The Impact of Persistence and Hard Work in Real Estate

35:10 - Collaborations and Community in Real Estate Investing

40:12 - Advice for New Investors Starting with Foreclosures

► Join The Subto Community & Learn Creative Finance Directly from Pace:

https://paceapproves.com/subto-gc

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

http://joingatortribe.com/yt

► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/

PLUG IN & SUBSCRIBE

Instagram: https://www.instagram.com/pacemorby/

TikTok: https://www.tiktok.com/@pacemorby

  continue reading

429 episoade

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