Breaking into Foreclosures: A Starter Guide

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