Breaking into Foreclosures: A Starter Guide
Get Creative with Pace Morby - A podcast by Pace Morby

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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