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

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? ›

Learning through experience takes longer. Nicolais recommends educating yourself by doing a bit of both — taking courses to learn the basic principles of real estate investing, while also dipping a toe into the market when the opportunity comes along.

Discover More Details ›

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

As a result of the Federal Reserve's quick interest rate rises, housing prices are shifting down from their 2020-2021 peaks. Investors in rental properties continue to enjoy historically low and reasonable interest rates. Real estate is a long-term investment with a favorable long-term prognosis for current investors.

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

Commercial Properties

As with residential rentals, the ideal properties are those that need few upgrades and already have long-term tenants. For short-term investments, location is also important. Recessions generally have less effect on high-income neighborhoods, so focus your efforts there.

See Details ›

What is the best real estate to buy 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 ›

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.

Tell Me More ›

What are the 5 keys of real estate investing? ›

Here are five guiding principles I've discovered over the last ten years for building a profitable yet balanced real estate investment business:

Teamwork and Shared Responsibility. ...
Market Positioning and Public Relations. ...
Capital and Property Market Understanding. ...
Strategic Planning and Risk Management.

More items...

Jul 2, 2023

Show Me More ›

What is the smartest way to invest in real estate? ›

5 Ways to get started in real estate investing

Buy REITs (real estate investment trusts) REITs allow you to invest in real estate without the physical real estate. ...
Use an online real estate investing platform. ...
Think about investing in rental properties. ...
Consider flipping investment properties. ...
Rent out a room.

Feb 29, 2024

Explore More ›

Is real estate a good investment in 2024? ›

The combination of high mortgage rates, steep home prices and low inventory levels are lining up to make the 2024 housing market a challenging one for both buyers and sellers. But rates have cooled a bit — if that continues throughout the year, as some experts predict, then market activity should heat up in response.

What time of year is real estate the cheapest? ›

Winter is usually the cheapest time of year to purchase a home. Sellers are often motivated, which automatically translates into an advantage to you. Most people suspend their listings from around Thanksgiving to the New Year because they assume buyers are scarce.

Show Me More ›

Is 2024 a good time to buy an investment property? ›

The Wall Street Journal surveyed a panel of experts and their consensus was that mortgage rates are expected to decline in 2024. However, it will probably not be by as much as potential homebuyers would like. Most experts predict that we will end the year with average 30-year rates between 6-7%.

Read The Full Story ›

Is it better to own or rent during a recession? ›

Buying Homes

If housing prices decline during a recession, some individuals may shift their focus from renting to homeownership, reducing the need for rental units and potentially putting downward pressure on home prices.

See Details ›

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.

Get More Info Here ›

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

Which recession-proof real estate investments to choose

Flipping.
Wholesaling.
Single family buy-and-holds.
Multifamily.
Private and hard money lending.
Note investing.
Commercial real estate.

What gets cheaper during a recession? ›

Because a decline in disposable income affects prices, the prices of essentials, such as food and utilities, often stay the same. In contrast, things considered to be wants instead of needs, such as travel and entertainment, may be more likely to get cheaper.