Real Estate Investing Recession - Nick Foy Courses (2024)

How To Find Profitable Investment Properties

Real Estate Investing Recession - Nick Foy Courses (1)

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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.

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

15 Day Real Estate Pro

MASTER COURSE

Learn how to set up your real estate investing business for success and speed up the process of building wealth.

Real Estate Pro

RECESSION EDITION

Learn how to make lots of money during a recession using real estate investing.

How to Find Deals

OFF MARKET

Beat your competition to PROFITABLE deals by learning how to find OFF-MARKET investment properties with big paydays.

100+ Video Trainings

Covering everything you need to know to buy a real estate investment deal.

Action Items

I give you practice exercises to help you put the educational material to practice.

Resource Library

Access all kinds of cheatsheets, spreadsheets, templates, and more.

And So Much More!

Scroll down to see the course outline and everything else you get lifetime access to

15 Day Real Estate Pro

Course Curriculum:

Day 1: Laying the Foundation for Your Business

  • The 4 Wealth Builders of Real Estate
  • How real estate investing can help you achieve your financial dreams
  • Why passive income should be your goal
  • Real estate vocabulary you must know
  • Creating your business plan and what to include

Day 2: The Investor Mindset

  • How to Think Like a Millionaire Real Estate Investor
  • What’s Your Motivation for Investing in Real Estate?
  • What Are Your Real Estate Investing Goals?
  • Real Estate Leverage: The Secret Wealth Builder
  • How to Invest with a Full Time Job
  • When Should You Quit Your Job?
  • Short Term vs Long Term Investing Mindset
  • Real Estate Investing Takes Patience

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

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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

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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?

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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

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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

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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

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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

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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

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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

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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?

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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

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Day 14: Property Management

  • Property Management 101
  • Property Maintenance Tips
  • Real Estate Laws to Know

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Day 15: Exiting the Deal

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

Meet Your Instructor: Nick Foy

Real Estate Investing Recession - Nick Foy Courses (15)

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!

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.

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.

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

For investors, as interest rates rise, financing costs for real estate investments increase. That could potentially discourage investors. But that often leads to higher rents, which could make 2024 a favorable time for investing in real estate. There's no such thing as a perfect time to invest.

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.

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

Cash: Offers liquidity, allowing you to cover expenses or seize investment opportunities. Property: Can provide rental income and potential long-term appreciation, but selling might be difficult during an economic downturn.

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.

How to create passive income with real estate? ›

Five ways to invest in real estate and earn passive income
  1. SECURE LEVERAGE ON RENTAL PROPERTIES. ...
  2. INVEST SAVINGS IN REAL ESTATE INVESTMENT TRUSTS (REITS) ...
  3. BUY HIGH-YIELD PROPERTIES THROUGH REAL ESTATE CROWDFUNDING. ...
  4. USE REAL ESTATE SYNDICATES. ...
  5. TURN SECONDARY RESIDENCES INTO VACATION RENTALS.
Sep 11, 2023

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.

What's the best investment right now? ›

11 best investments right now
  • High-yield savings accounts.
  • Certificates of deposit (CDs)
  • Bonds.
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
Mar 19, 2024

Is real estate a good investment in 2024? ›

Although most experts predict that rent growth to decelerate in 2024, rental property is still a reliable real estate investment. People who take advantage of the market by selling their current home often need to move into a rental unit as they transition, ensuring investors have plenty of potential lessees.

Are rental properties still a good investment in 2024? ›

Investment returns for single-family rental homes are expected to rise in 2024, buoyed by rent prices that are rising faster than home prices across the country. The average annual gross rental yield for a three-bedroom home is projected to be 7.55% in 2024, up from an average of 7.39% for the same markets in 2023.

Who is the richest real estate investor? ›

The richest person involved in the global real estate industry as of December 2023 was the Hong Kong business magnate Li Ka-Shing, who is also an investor and philanthropist, and had an estimated net worth of 27.4 billion U.S. dollars.

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

  1. 7 Fastest Ways to Make Money in Real Estate. ...
  2. Renovation Flipping. ...
  3. Airbnb and Vacation Rentals. ...
  4. Long-Term Rentals. ...
  5. Contract Flipping. ...
  6. Lease to Buy. ...
  7. Commercial Property Rentals. ...
  8. Buying Land.

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.

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.

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.

How do you make money in real estate during a recession? ›

Look for 1-4 unit properties that would be suitable for rental so you can generate consistent monthly income. Unless you have cash on hand or are willing to take on additional debt during a recession, properties that need minimal improvements and have long-standing tenants tend to have less risk.

Can real estate survive recession? ›

Whether the market is going up or down, real estate investors can thrive. But you can do especially well in a recession if you are smart. Preserve capital, don't hold too many fix-and-flip properties, never reduce marketing spend and work harder than ever, and you will do well.

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