Real Estate Investing Recession - Nick Foy Courses (2024)

How To Find Profitable Investment Properties

This Course is Open for New Students to Join for a Limited Time!

Hi, I’m Realtor / Investor Nick Foy

15 Day Real Estate Pro is for anyone who wants to achieve their financial goals using real estate investing without wasting months trying to figure it all out on your own.

Enroll today for just $97 one time payment, lifetime access. (Normally $299). Offer Expires Soon.

Enroll in this Course - $97

 5/5

“This course helped me buy my first rental property and start earning extra income which now pays my monthly bills”
– James R.

 5/5

“I love how much information this course covers and how easy each video lesson is to follow with great examples. “
– Tony I.

 5/5

“This training course helped me pick a strategy and feel confident starting my real estate investing business”
– Linda C.

Here’s The Honest Truth…
Worrying About Money SUCKS

Debt that Causes Stress

Trying to pay off credit card debt and other high interest debt can feel like a never ending roller coaster.

Living Paycheck to Paycheck

Worrying about paying the bills each month and feeling trapped in your current job.

Wishing Things Were Different

Feeling like you need a financial restart to hopefully one day afford your dream home, car, vacations.

Introducing
Real Estate Investing Pro

The only affordable online real estate course that gives you Lifetime Access to 3 different programs

See Also

Division 7a Loan Agreement Template

Day 3: Building Your Support Team

Assembling Your Support Team
Choosing a Realtor You Trust
Finding an Investor Friendly Lender
Finding a Title Company You Like
Finding a Property Inspector You Trust
Finding a Real Estate Accountant
Finding a Real Estate Attorney
Finding a Mentor Who Invests in Real Estate

Day 4: Saving the Funds

How Much Do You Need Saved for a Down Payment?
Saving Money to Pay for Lender Fees
Saving Money to Pay for Closing Costs
Costs of Owning Property
How to Save Money
How to Create a Savings Plan
Pay Off Debt: How to Tackle Debt
Real Estate Careers: Earn Extra Income

Day 5: Credit Scores

What is a Credit Score? How Is It Calculated?
Bad to Good Credit: What to Know
Ways to Improve Your Credit Score Quickly
How Do Lenders Use Credit Scores for Loan Approval?

Day 6: Legal Entities

Let’s Talk About Legal Entities & Real Estate Investing
Do You Need a Legal Entity to Invest in Real Estate?
Why Most Investors Use a Limited Liability Company (LLC)
How Much Does an Attorney Charge to Setup Your Legal Entity
The Types of Legal Entities Explained

Day 7: Strategy

Make Money Flipping Houses
Make Money Buying Rental Properties
Make Money Wholesaling Real Estate Deals
Make Money Lending to Fix & Flipper Business Owners
Make Money Developing Land

Day 8: Property Types

Single Family Houses
Multi-Family Properties
Condominium Investing
Storage Unit Facilities
Mobile Home Parks
Air BNB Business
Commercial Real Estate
Raw Undeveloped Land
New Construction

Day 9: Market Research

Demand vs Supply
Factors That Affect a Real Estate Market
How to Conduct Market Research
Good vs Bad Neighborhoods
When Is It a Buyer’s Market
How to Find a Quality Realtor
Real Estate’s Role in the Economy

Day 10: Where to Find Deals

Multiple Listing Service (MLS)
Driving Neighborhoods
Zillow.com
Craigslist
Facebook Marketplace
Direct Mail Campaigns
Social Media Ads
Realtor Email Lists

Day 11: Analyzing the Deal

Risks to Assess When Real Estate Investing
Mortgage Payments
Return on Equity vs Return on Debt
The 2% Rule
The 50% Rule
The 70% Rule
Have a Realtor Do a CMA for You
Analyzing a Fix & Flip Deal
Gross Rent Multiple, Debt to Income, and Cap Rates

Day 12: Financing the Deal

Housing Loans 101: What to Know
Getting a Pre-Approval Letter
Qualifying for a Housing Loan
What to Know About Mortgage Insurance
What is a Conventional Mortgage Loan?
What is an Insured Conventional Mortgage Loan?
What is an FHA Loan?
What to Know About FHA Loan Insurance
What is a VA Loan?
What is a USDA Loan?
What is a Conventional ARM Loan?
What is a Construction Loan?

Day 13: Getting a Deal Under Contract

Let’s Review a Purchase Agreement Contract
Should You Purchase a Home Warranty
What to Know About Appraisals
The Home Inspection Process

Day 14: Property Management

Property Management 101
Property Maintenance Tips
Real Estate Laws to Know

Day 15: Exiting the Deal

Using a 1031 Exchange to Save on Taxes
Reasons to Sell: When to Know It’s Time
Exit Strategies

Enroll in 15 Day Real Estate Pro Today

Meet Your Instructor: Nick Foy

My name is Nick Foy and I’ve been investing in real estate since I was 19.

I started by trying to figure out wholesaling as this was preached online as a “No Money Down, Easy Real Estate Investing Strategy” and since I was a freshman in college, I didn’t have much money to my name to afford to buy a rental property or fix and flip a house.

Since then I’ve transitioned into buying and fixing up rental properties. This has generated thousands of dollars of monthly passive income. In addition, I’ve gained substantial equity in these properties from improving them (through renovations), which in turn raised their market values that they could be resold for.

At age 27, I stopped working my full-time 9-5 corporate job and decided to focus on my real estate business. I live full-time now off of passive income, which is income I earn each month regardless if I spend any time working or not.

I also have my real estate broker’s license which allows me to transact my own investment property deals to earn commissions as the buyer’s agent, and save on commissions when I sell my properties as the listing agent.

I got started with around $5,000 in my bank account when I bought my first investment property and I used the profits from that first deal to help me acquire the second property. This proves that you don’t need a lot of money to get started!

As a 19 year old, I also didn’t have much credit history. Credit scores are important and we cover them in detail in this course but they shouldn’t stand in your way of becoming a real estate investor!

Fixing up properties became a passion of mine and I love learning about the construction of different types of properties from New Construction to existing single family homes to duplexes and multi family properties.

Seeing a house in bad condition come back to life with beautiful new renovations is an exciting part of real estate investing. Seeing all the hard work pay off and earning large profits is also quite exciting.

This is exactly what led me to creating 30 Day Real Estate Pro.

My goal is to help others (outside of my friends and family) learn how to use real estate investing as a vehicle for building wealth quickly and achieving financial freedom.

Here’s a list of just a few of the financial opportunities real estate can provide:

#1: Extra income to pay the bills each month, lowering your stress
#2: Helps you pay off credit card debt, student loans, and other stressful debt burdening your finances
#3: Helps you to afford your dream home or dream car
#4: Provides passive income that replaces your 9-5 job income, freeing you up to focus on your true passions / hobbies
#5: Pays for your family vacations
#6: Pays for the college tuition of your children
#7: Allows you to give money to your church or favorite charities

Want a Preview of My Teaching Style?

Check out the videos above from inside the course!

Enroll in 15 Day Real Estate Pro Today

Real Estate Investing Recession - Nick Foy Courses (2024)

FAQs

Should you invest in real estate during a recession? ›

Buying a house during a recession

But if you can afford to, it's not necessarily a bad time to buy. In fact, if you remain financially stable, Miller argues a recession can actually be a good time to buy a home. “Some people hold off on buying when this happens, but I think this is a mistake,” he says.

Read On ›

What is the best way to learn real estate investing? ›

Taking a course.

You'll learn how to assess potential investment opportunities, conduct real estate market analysis, develop investment strategies, and raise capital. Courses and classes can provide a framework for understanding what's happening in the real world and can help you avoid potential pitfalls.

Discover More Details ›

How to become a millionaire through real estate investing? ›

Building wealth through real estate requires patience, persistence, and a strategic mindset. Remember to invest wisely, stay educated, build relationships, take calculated risks, and think long-term. With determination and the right mindset, success in real estate investing is within reach.

Is now a good time to invest in real estate? ›

If your credit score is strong, your employment is stable and you have enough savings to cover a down payment and closing costs, buying now might be smart. If your personal finances are not ideal at the moment, or if home values in your area are on the decline, it might be better to wait.

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What is the best real estate investment during a recession? ›

Historically, multifamily properties have been a source of stability for real estate investors. They provide a steady source of income through rent, and there is always a demand for occupancy. The risks associated with owning a multifamily property are much lower during a recession than a single-occupancy home.

Find Out More ›

Is it better to have cash or property in a recession? ›

Cash. Cash is an important asset when it comes to a recession. After all, if you do end up in a situation where you need to pull from your assets, it helps to have a dedicated emergency fund to fall back on, especially if you experience a layoff.

Tell Me More ›

What is the 1 rule in real estate investing? ›

The 1% rule of real estate investing measures the price of an investment property against the gross income it can generate. For a potential investment to pass the 1% rule, its monthly rent must equal at least 1% of the purchase price.

Show Me More ›

How to create passive income with real estate? ›

Five ways to invest in real estate and earn passive income

SECURE LEVERAGE ON RENTAL PROPERTIES. ...
INVEST SAVINGS IN REAL ESTATE INVESTMENT TRUSTS (REITS) ...
BUY HIGH-YIELD PROPERTIES THROUGH REAL ESTATE CROWDFUNDING. ...
USE REAL ESTATE SYNDICATES. ...
TURN SECONDARY RESIDENCES INTO VACATION RENTALS.

Sep 11, 2023

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What is the first step in real estate investing? ›

Imagine how much wealth you could build by investing a house payment every month! That's why paying off your personal home is the first step to investing in real estate—and something you should do before investing in any other properties.

Can you make $1000000 a year in real estate? ›

Can you make $1 million in your first year selling real estate? It can be done. In fact, it has been done.

Show Me More ›

Why 90% of millionaires invest in real estate? ›

The government provides tax incentives to promote real estate investment, including deductions for mortgage interest, property taxes, and depreciation. These tax benefits can significantly reduce your overall tax liability, leaving you with more money to reinvest. Real estate investment is not a get-rich-quick scheme.

Read The Full Story ›

What is the fastest way to build wealth in real estate? ›

7 Fastest Ways to Make Money in Real Estate. ...
Renovation Flipping. ...
Airbnb and Vacation Rentals. ...
Long-Term Rentals. ...
Contract Flipping. ...
Lease to Buy. ...
Commercial Property Rentals. ...
Buying Land.

See Details ›

Should I sell my house now or wait until 2024? ›

Best Time to Sell Your House for a Higher Price

April, June, and July are the best months to sell your house in California. The median sale price of houses in June 2023, was $796,400, which is expected to grow more in 2024. However, cities like Arcadia and San Mateo follow an upward trend throughout the year.

Get More Info Here ›

Will 2024 be a good year to buy a house? ›

NAR forecasts that sales will rise by 13 percent in 2024. “Housing sales are expected to increase a bit from this year,” agrees Chen Zhao, who leads the economics team at Redfin. “However,” she qualifies, “we are not expecting sales to increase dramatically, as rates are likely to remain above 6 percent.”

What are the best states to buy real estate in 2024? ›

State of play: Columbus, Ohio; Indianapolis; Providence, Rhode Island; Atlanta; Charlotte, North Carolina; Orlando, Florida; and Tampa, Florida, also top this year's ranking of Zillow's hottest housing markets of 2024. Meanwhile, New Orleans, San Antonio, Denver, Houston and Minneapolis sit at the bottom.

Is real estate bad during recession? ›

We've already established that even if a recession occurs, housing prices in California will remain flat. Even then, there is a possibility of a 5% price reduction or correction, which may or may not happen.

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What to do with real estate in a recession? ›

One advantage of investing in real estate during a recession is that property prices can decrease significantly, allowing investors to buy properties at lower prices than usual. Also, rental income from tenants could remain consistent and provide a healthy return on investment over the long term.

Do real estate agents do well in recession? ›

As a result, some agents may see a significant decrease in their annual earnings during a recession or need to work harder to earn the same amount. In the end, being a real estate agent may be recessionproof because there will always be a need for this service, but being a successful one may be a lot harder.

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Will real estate fall in a recession? ›

A recession can impact the housing market in several ways. Typically, buyer demand weakens due to economic uncertainty, potentially leading to price drops or mortgage rates typically drop.

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