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

Breaking into Foreclosures: A Starter Guide

Get Creative with Pace Morby