The Nick Foy Show

If your tenant stops paying you rent, here is what you should do! Thanks for listening to today's Podcast Episode. Are you subscribed to our podcast? Please take a second and do so, if you are not currently a subscriber. It means so much to me to see the support! Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.

Craigslist can be a great tool for real estate investors to find property at cheap prices. A lot of for sale by owner deals are posted to Craigslist as well as many rental properties and homes in rough condition. Wholesalers also tend to post their deals on Craigslist, so overall it's a great website to be on each week, browsing for potential properties to acquire. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.

Learn how a direct mail campaign works and how it can generate potential seller leads that may turn into deals. Finding investment property that is off market, with zero competition from other buyers and investors is the key success trait of successful real estate investors. Set up this marketing strategy today and start reaping the benefits! Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.

Learn what the term "Driving for Dollars" means in the real estate investing world as you'll likely see this across blogs, forums, and YouTube videos. It's a vocab term that relates to a strategy for finding real estate deals and properties to purchase by driving through subdivisions. Learn the step by step strategy of what to do next once you're in the car driving neighborhoods! Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.

Learn 5 super important tips that you can help you get out of debt. These are DIY (do it yourself) methods for getting yourself out of debt. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.

Learn what Private Mortgage Insurance is and why it's important to lenders as well as borrowers trying to buy a home. Mortgage insurance premiums get added to the mortgage payment each month, but find out who has to pay the premiums and who doesn't in today's episode. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.

In this episode I'll share 4 rules of thumb to use to determine how much you can afford to spend on a housing payment and this will help you determine what price range of houses to shop for with your real estate agent, knowing that you can afford them and not be in over your head with too expensive of a monthly mortgage payment. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Learn the reasons why someone should NOT go buy a home. Buying a home can be a great life achievement, but there are certain reasons and times when you should avoid buying a home and we'll discuss them today so you can make smarter financial decisions. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In this episode we cover divorce cases as a possible lead source through attorney relationships. Divorces can lead to selling of real estate property to settle the divorce and can create opportunity to get the property at a discount to its market value, creating value to an investor. Real Estate Course: https://asknickfoy.teachable.com/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Learn the basics of estate sales and how you can potentially find real estate for sale at a discounted price, leading to great opportunity as an investment property. For example, I bought a 3 unit building through an estate sale in 2017 for $32,000 that is worth over $250,000 as of today. Join my real estate investing academy --> https://asknickfoy.teachable.com/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Learn the basics of buying real estate investment property through foreclosure auctions. A foreclosed home is one that was reclaimed by the bank after the owner defaulted on the loan payments and the bank foreclosed on the loan to take back possession of the property. This creates opportunity for real estate investors to get deals cheap by purchasing these foreclosure properties from the bank. Check out my real estate course --> https://asknickfoy.teachable.com/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

How much should you rent out your property for? Is there a method to easily determine the correct amount of rent to charge? In this episode I'll share several tips and methods to help you derive the proper rental amount you should be marketing the property FOR RENT so you can find a tenant and begin collecting income from your rental property. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Learn how to network with other Landlords and rental property investors to come across potential real estate deals you can purchase to add to your portfolio of rental properties. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

When should you invest in real estate and buy rental properties to provide wealth for you and your family? Is there a specific time or period in the economy when it's best to do so? Should you wait for a market crash to start buying rental properties? Learn in today's episode my thoughts on market timing vs looking for deals all year round. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

In this episode we will discuss how much money you can make buy purchasing real estate, renting it out to tenants, and collecting rental income as a real estate investor. Rental property can be a great source of income to supplement your job income or to provide you support during retirement. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

A unique opportunity is presenting itself in a low inventory housing market. This opportunity is investing in new construction projects to profit from the home building wave that is beginning to catch wind as supply is lagging behind current demand from buyers. New construction has large profit potential as builders can sell homes marked up $30,000 to $100,000+ above the true cost to build the home. Learn more in today's episode. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Getting a loan from a bank is no simple process. There are many steps and multiple checkpoints where the lender will request various pieces of information from you to get you through underwriting. Learn the steps and timeline of the loan approval process to better understand how financing through a bank works. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

There are two popular options most home owners will look at when getting financing from a bank to purchase real estate. (1) the 15 year fixed rate mortgage and (2) the 30 year fixed rate mortgage. We will share what each loan is and the pro's & con's of each to better understand whether you should get a 15 or 30 year mortgage to purchase your next property. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

The adjustable rate mortgage is a basic type of financing you get through most banks and lending institutions but it has some risks involved compared to getting a fixed rate loan. We will share the pro's and con's so you can understand why consumers would use an adjustable rate mortgage. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Let's talk loans and financing real estate purchases by getting started with the fixed rate mortgage. It's the most common mortgage that consumers take out against real estate property and one that you'll likely start with for your real estate purchases in the future. In our next episode we will discuss the adjustable rate mortgage which is the alternative option you could use to finance real estate investments. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Fundrise is a great platform for passively investing in real estate and you can start with as little as $500, giving your portfolio exposure to real estate without all the headaches of managing the real estate yourself. In this episode we cover how you make money on Fundrise and the methods they pay you back for your investment. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Fundrise is a great platform for passively investing in real estate and you can start with as little as $500, giving your portfolio exposure to real estate without all the headaches of managing the real estate yourself. Learn how it works to get your money back from investments you've crowdfunded on Fundrise in today's episode. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Today we discuss what Fees you can expect to be charged when investing on Fundrise into different real estate projects being crowdfunded. Fundrise is a great platform for passively investing in real estate and you can start with as little as $500, giving your portfolio exposure to real estate without all the headaches of managing the real estate yourself. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Fundrise is a great platform for passively investing in real estate and you can start with as little as $500, giving your portfolio exposure to real estate without all the headaches of managing the real estate yourself. Learn more about the basics of Fundrise in today's episode. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Today, we talk about flipping houses and the renovation process & timeline. Learn how to sequence different renovations in the right order to make the process much smoother and avoid spending more money to fix mistakes later on. I recently renovated a 3 bedroom home with $25,000 of my money, taking it from a distressed foreclosure to one of the nicest homes in the neighborhood, and I'd love to share my experience in renovating this home. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

In today's episode, we're going to cover strategies for reducing your income taxes and capital gains taxes owed on houses and properties that you are flipping. Learn how to save on your taxes so you can have more profits to re-invest in the next flip. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Learn how to calculate the potential profit on a fix and flip. We will analyze the market to learn what homes recently sold for that were similar to the property being fixed & flipped. Then working backwards to subtract out expenses and costs to learn what the potential profit could be. You don't want to miss this formula. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

In this episode, I'll share the different methods you can use to fund your fix and flips. Having the capital to purchase properties in a fixing and flipping business can be a bottleneck or hurdle that sets most investors back. Learn how you can get started flipping houses even if you don't have much money of your own. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

How do real estate investors find properties that need fixed up and make great fix & flip opportunities with big profits? We discuss in today's episode the different methods for finding these distressed properties so you can find your first flip to get under contract. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Learn what it means to fix and flip properties in real estate as well as how you can get started. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Learn the 3 best methods for making lots of money investing in real estate. In 2021, as we have more supply of money than ever before and additional stimulus money on the way, inflation will be protected against through real estate since it is a real asset and rents as well as material to build properties go up with inflation, raising the prices of real estate with them. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

How much money should you have saved to buy real estate? The answer might surprise you. We break down a few scenarios, including how some investors and home buyers get into real estate deals with very little or no capital of their own... Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

A motivated seller is someone who is highly motivated to sell their property right now today and willing to take a discounted price (relative to market value) to get it sold ASAP! This is great for real estate investors looking to find deals well under valued and turn a profit on them. Whether you're a real estate wholesaler or investing in fix & flips, this video will help you understand the types of motivated sellers to look for in real estate. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Learn how to calculate the expected profit or fee you can charge on a real estate wholesale deal. This is the formula that will determine how some investors make $20,000+ profits on their wholesale deals... Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

In this episode I will break down the timeline of an example wholesale deal and the steps you would take as a real estate wholesaler to do your first deal. From finding a deal to getting the contract with the seller as well as your contract to flip the property to the buyer to collect a wholesale assignment fee. Once finished, check out the resource linked below! Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

How much should you charge as a wholesale fee on your real estate wholesale deals? In this episode we'll discuss how you can determine the profit potential when wholesaling real estate and make sure you set the fee you charge at the right price to work for both you and the buyer you're flipping the property to. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

A term you'll hear often in real estate investing is hard money, and also hard money lenders. This is a specific type of financing that investors take advantage of to purchase investment properties, flips, wholesale deals, that typically are difficult to fund with bank loans. Banks tend to have stricter regulations and loan standards than hard money lenders and we discuss today how you can start wholesaling real estate through hard money if you don't have the cash on hand to self-fund deals. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

If you are starting a wholesaling real estate business, you might wonder what happens when a seller finds out you're flipping the property to another buyer. Will the seller be mad you made a profit? In this video I'll share thoughts on if you should be upfront and tell the seller you're a real estate wholesaler or not. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

The most important part of your real estate wholesale operation is your buyer's list. The term "buyer's list" refers to a physical list of buyers you have in your phone or in a spreadsheet that you can call upon whenever you sign a new purchase contract with a seller. Completing a successful real estate wholesale transaction requires not only finding properties to get under contract with sellers but also finding buyers to flip these properties to for a profit. Learn how to build a buyer's list in today's episode. Training Videos: https://asknickfoy.teachable.com/

Learn how wholesaling real estate works in today's episode. I'll break down the simple 5 step action plan to get started wholesaling real estate and finding your first deal to profit from as a real estate wholesaler. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

The best way to make larger wholesale profits is to find real estate wholesale deals with cheap entry prices. The cheaper you can purchase a property for, the more potential profit you can make when you turn around and sell it to another buyer / investor. This involves finding motivated sellers who are willing to let go of properties at cheap prices or discounted prices relative to the actual market value of the property. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.

Wholesaling real estate is a strategy many beginners start with when getting into real estate investing. In this episode I'll share with you my experience and thoughts on how much money you need to have saved to get started wholesaling real estate. It's less than you think. Join the community on YouTube: https://youtube.com/nickfoytv/

If you are thinking about starting a wholesale real estate business to make extra money, one common question you'll face is whether you need to get your real estate license or not. Would it help your wholesaling business? Find out in today's episode. Join the community on YouTube: https://youtube.com/nickfoytv/

Wholesaling real estate is one of the basic, beginner strategies to get started investing in real estate. A wholesale real estate deal involves you working with a seller to get a property under contract and then searching for a buyer to wholesale it to for a profit. Ideally, you have buyers lined up so you can quickly shop the property to your buyers list and find a buyer quickly to flip the house to so you're not stuck as the owner after closing with the seller. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management and legal entities and contracts.

Welcome to The Nick Foy Show Podcast, a daily show covering a wide range of business & money topics with primary focus on my real estate investing journey that has retired me at age 26, living full time off rental income and profits from flipping houses. I also am excited to share tips on starting your own side hustle and using a website / social media to promote it as I share my experiences building multiple income sources from websites I operate in the golf space that supplement my real estate income to support my family. If you stick around and subscribe to the show, you'll get daily episodes that help you become smarter with your money and following your passions to live a happier, more fulfilling life. Check out the YouTube Channel here: https://youtube.com/nickfoytv/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app