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.

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? ›

Meanwhile, real estate is a hedge against inflation and has tax advantages. Even with inventory levels driving up prices, investing in real estate during a recession could still result in significant long-term returns. If you're willing to hold on to your investment, you can benefit from the eventual market rebound.

How to learn everything about real estate investing? ›

Taking a course.

Universities and real estate trade groups (the National Apartment Association, the Institute of Real Estate Management and the Building Owners and Managers Association, for example) are some of the best resources for grasping the fundamentals in this field.

How to become a billionaire in real estate investing? ›

Let's explore the key steps on the path to becoming a real estate billionaire.
  1. Gain Knowledge and Expertise: ...
  2. Set Clear Goals: ...
  3. Identify Lucrative Opportunities: ...
  4. Build a Strong Network: ...
  5. Develop a Diversified Portfolio: ...
  6. Leverage Financing Wisely: ...
  7. Embrace Innovation and Technology: ...
  8. Stay Resilient and Persist:
Oct 29, 2023

Is real estate recession proof? ›

Historically, real estate has weathered recessions well, with either no significant impact or less severe consequences compared to other asset classes such as stocks. However, there are unique challenges and opportunities associated with real estate investing during economic downturns: 1.

How to build a recession-proof real estate portfolio? ›

Building a Recession-Proof Real Estate Investment Portfolio
  1. Diversify Property Types. ...
  2. Build Positive Cash Flow. ...
  3. Understand Financing Options. ...
  4. Research Stability. ...
  5. Watch Local Amenities. ...
  6. Refinance for Lower Rates. ...
  7. Invest Without Buying. ...
  8. Win Some, Lose Some.
Apr 24, 2024

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

Which recession-proof real estate investments to choose
  1. Flipping.
  2. Wholesaling.
  3. Single family buy-and-holds.
  4. Multifamily.
  5. Private and hard money lending.
  6. Note investing.
  7. Commercial real estate.

How long does it take to learn everything about real estate? ›

The California Department of Real Estate mandates that students spend a minimum of 2 ½ weeks on each of the three required courses. That means the fastest you can complete the course would be around 7 ½ weeks. As soon as you complete the required real estate courses, you'll get your Exam Application submitted.

What is the key to real estate investing? ›

The adage "location, location, location" is still king and continues to be the most important factor for profitability in real estate investing.

What is the BRRRR method? ›

What is BRRRR, and what does it stand for? Letter by letter, BRRRR stands for “Buy, rehab, rent, refinance and repeat.” It's like flipping, but instead of selling the property after renovation, you rent it out with an eye on long-term appreciation.

Why 90% of millionaires invest in real estate? ›

Federal tax benefits

Because of the many tax benefits, real estate investors often end up paying less taxes overall even as they are bringing in more income. This is why many millionaires invest in real estate. Not only does it make you money, but it allows you to keep a lot more of the money you make.

What are 3 ways real estate investors make money? ›

Let's dive in and see how you can become a successful real estate investor.
  • Leverage Appreciating Value. Most real estate appreciates over time. ...
  • Buy And Hold Real Estate For Rent. ...
  • Flip A House. ...
  • Purchase Turnkey Properties. ...
  • Invest In Real Estate. ...
  • Make The Most Of Inflation. ...
  • Refinance Your Mortgage.

How many millionaires are real estate investors? ›

Real estate investment has long been a cornerstone of financial success, with approximately 90% of millionaires attributing their wealth in part to real estate holdings. In this article, we delve into the reasons why real estate is a preferred vehicle for creating millionaires and how you can leverage its potential.

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. 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.

What two things are recession proof? ›

  • 5 Recession Resistant Industries.
  • Consumer Staples.
  • Grocery Stores/Discount Retail.
  • Alcoholic Beverages.
  • Cosmetics.
  • Death and Funeral Services.
  • The Bottom Line.

Is it best to invest during a recession? ›

And, if prices start to rise, you'll end up buying more shares at the lower prices and fewer shares when your favorite stocks start to get more expensive. In a nutshell, a recession can be a great time to buy the stocks of top-notch businesses at favorable prices.

Should I buy a house now or wait for a recession? ›

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 still 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.

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

Economic downturns can lead to increased foreclosures, resulting in individuals transitioning from homeownership to renting. This influx of potential renters can drive up the need for rental properties, potentially leading to higher home prices.

How much did house prices drop in the recession in 2008? ›

Southern California home prices close out 2008 down 35% - Los Angeles Times.

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