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Are you anxious to start a career in foreclosure investing, but still find yourself sitting on the sidelines weeks, months, or even years after getting the initial urge? Unfortunately, you wouldn't be alone in your struggle to get started. A number of factors can arise to trap you in what some call "analysis paralysis," but in most cases, it comes down to one thing. Mindset. If you didn't know, being successful is a mindset more than it is a destination or ultimate prize. If you haven't acquired the mindset to set your intention on things that will push you towards your goals, it's easy to let misconceptions and outside voices keep you from living in your purpose. We want you, our listeners, to have access to all the resources you need to be successful and live your best life. We believe foreclosure investing is a great way to acquire the income to help you do that, but we'd like to make another suggestion on how you can hone your mind to attract the success you seek.

The concepts in "Think & Grow Rich" by Napoleon Hill are seen by many as foundational pieces of the mindset you need to achieve massive success. Check the library of the wealthiest and most influential people in the world, and you'll likely find a well-worn copy of "Think & Grow Rich" with many highlighted passages. Listen as Donny goes into detail on what he has gleaned from the book, and stick around to the end of the episode for a bonus gift!

Here's a link to the article Donny mentioned in today's episode:
Foreclosure Rates Jump 7% In May (InvestmentNews - June 2008)

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

We are truly excited to continue to bring you more content on foreclosures while introducing you to varying opinions on the foreclosure market and the real estate industry. We love hearing from Donny and Jonathan, but the team at Foreclosure Deals Coach realizes the importance of inviting other voices to the show to provide a shakeup from the routine. Today, we have a special guest, Mr. Steve Davidson, a home appraiser from Utah. Our listeners know we stress the importance of valid property valuations for investors as they look to acquire deals, so we thought bringing in an experienced appraiser would help shed light on the methodology they use to arrive at their numbers. In addition to his years of experience as an appraiser, Mr. Davidson also has a background in real estate investing, having completed a number of fix & flip projects. This unique combination of appraisal and investor mindsets gives Mr. Davidson a nuanced perspective on foreclosure investing, and we can't wait for you to hear today's conversation!

Make sure you stick around for the end of the episode if you'd like information on contacting Steve!

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

This week, Donny highlights an informative diagram of a market cycle, "the Cycle of Market Emotions." Interestingly, this breakdown characterizes the different phases of market cycles as emotional states. From the excitement or "Optimism" one might feel entering a market at its peak to the hopelessness or "Depression" that comes from trying to salvage an investment in a crashed market, today, we get to contextualize the ebb and flow of industry in terms we can feel with a little help from the Foreclosure Deals Coach. 

Realistically, this diagram can be applied to any industry, but for our purposes, we'll focus on how understanding this concept is key for foreclosure investors as they analyze their local real estate markets. As we always say, the deals are out there, so our job is to equip you with the mindset to effectively identify the current state of your market so you can prepare for the inevitable shift.

Here's a link to the article Donny mentioned in today's episode:
Housing Demand May Have Started To Bounce Back From Coronavirus Impact

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

Welcome back! At Foreclosure Deals Coach, our mission is to highlight the mindset, methodology, and tools needed to invest in foreclosures. We tend to focus on content involving the actual work of foreclosure investing - generating capital, working with lenders, putting together renovation strategies, etc. - but today we'd like to take a look at a point at the beginning of the process where new investors might have some misconceptions. Contrary to what you might think, just because foreclosures are distressed properties doesn't mean you as a home buyer or investor can be less creditworthy or financially qualified when looking to purchase them. This reality can put a damper on buyers' foreclosure investing plans before they get started, but we are excited to introduce our listeners to an incredible service that can help them raise their credit score by as much as 40 points by doing something they potentially do every month!

RentReporters can record on-time rent payments to your credit report across the 3 major credit bureaus; helping you boost your credit score and derive a benefit from your commitment to being a good renter! Listen for more details on RentReporters and stay tuned for how you can get signed up!

Here's a link to the article Donny mentioned in today's episode:
New Report Explores Problem Of 'Credit Invisibility" Among HUD-Assisted Households

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

Greetings, and welcome back everyone! Today, we're going to revisit the idea of mortgage relief during the coronavirus pandemic, but this week, we'll be reviewing Minnesota Senator Ilhan Omar's proposed bill to cancel rent and mortgage payments. To reiterate the need for such relief at this point would be redundant, but it's our duty as foreclosure investors to understand the effect government policies have on the real estate market. and how those policies can impact the flow of deals and establish new industry standards.

Check out Donny's breakdown of the current events and reach out to us with your opinions on what you think would be helpful legislation or industry developments going forward.

Here's a link to the article Donny mentioned in today's episode:
Ilhan Omar Introduces Bill To Cancel Rent, Mortgage Payments During Coronavirus Pandemic 

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

Hello, hello, hello, and welcome back! We understand getting started in the world of foreclosure investing can appear daunting at the outset. We emphasize the importance of having tools to locate deals, and working with professionals who can help facilitate your deals, but we find most people's main hang-up when it comes to getting started is money. We've addressed how to finance your deals in previous episodes, but we know purchasing the foreclosure is just the first step in turning a distressed property into a beautiful home. Potential investors are quickly faced with the importance of having capital available to finance renovations and build equity as they're getting started.

This reality usually leads to a couple of questions: "How much money should I have set aside to invest in my first foreclosure deal," and "How am I going to get that much money?" Fear not my foreclosure deals compatriots, Donny is ready to share the insight he uses to generate capital to turn his foreclosure deals into wonderful homes.

Here's a link to the article Donny mentioned in today's episode:
U.S. Foreclosure Activity Below Pre-Recession Levels in 61 Percent of U.S. Markets

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

Greetings! We've been reading the writing on the wall, and now we're navigating a changing real estate market. As foreclosure investors, we know that rising unemployment numbers and financial uncertainty are signs of a potential increase in the foreclosure market. Recently, we've been addressing the fallout from the virus outbreak and how our government is working to ease the burden for those citizens who are out of work due to COVID-19. Mortgage forbearance has stopped the foreclosure and eviction process throughout the country, so it would appear the primary source of our deals has been eliminated. Now, you could wait it out until the moratoriums have been lifted, or you could tap into other sources of deals in your area. We specialize in finding foreclosure deals, but as real estate professionals, it's important we be able to identify deals wherever they may present themselves. Listen up as Donny runs through resources you can access during this downturn in the foreclosure market to find deals now and into the future!

Here's a link to the article Donny mentioned in today's episode:
Home Lenders Brace For Up To 15 Million Mortgage Defaults

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

Another week, another chance for us to deliver the mindset, methodology, and tools needed to become a successful foreclosure acquisition specialist to you, our listeners. Last week, we addressed the reality that we might be seeing the initial signs of a market correction in the near future. But what does that look like in the meantime? With so many people out of work as we continue fighting COVID-19, cities and lenders around the country have halted evictions and foreclosures. So as foreclosure investors, what should we be doing during this apparent stop in our business?

Depending on what market you're in, the sudden lack of available foreclosures may be a shock or not much of a departure from the norm, but either way, every investor is experiencing the same stoppage in the flow of properties they can take from under-market assets to desired dream homes with their hard work. Tune in as Donny breaks down some beneficial practices and strategies you can be implementing during this time to set the foundation for your future success!

Here's a link to the article Donny mentioned in today's episode:
Banks Agree With California To Stop Foreclosures For 90 Days In Coronavirus Crisis

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

Welcome back, everyone! Foreclosure Deals Coach is here with up-to-date information on the condition of real estate and the foreclosure market. Over the better part of the last two years, we've been shining a light on the inner workings of foreclosure investing in hopes that our listeners would use that knowledge and learn what it takes to be skilled foreclosure investors. As the nation continues to be affected by COVID-19, real estate markets across the country are starting to feel the strain of so many Americans being out of work. The government has stepped in to offer aid where it can, but we must consider what kind of lives await us once this pandemic is over.

Our message of a market correction that could lead to an increase in foreclosures has been consistent, and factors in our economy forecast a significant shift in real estate in the near future. We never celebrate people losing their homes, but our hope is that you recognize the opportunity this shift presents to savvy foreclosure investors. We can use our knowledge to help people in tough situations and re-balance the real estate market while earning more money to secure our families' financial future. We know Donny would never be the guy to say, "I told you so," but listen to today's episode to find out the Foreclosure Deals Coach's view on where we are in real estate.

Here's a link to the article Donny mentioned in today's episode:
Newest Home Foreclosure Numbers Belie The Coming Wave

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.

Send us a text

Let's get right to it! This week, we'll be revisiting a topic we previously discussed in Episode 16 "What To Fix In Your Foreclosure," as we take another look at home renovations in your foreclosure deals. When our team at Colorado Foreclosure Deals start renovations on a new property, they tackle any major issues they might find while sticking to a simple formula of updating flooring, paint, appliances, and addressing any cosmetic deficiencies. We've found these updates usually go a long way in raising the overall value of a previously under-market property. However, as savvy investors, you should always be looking for ways to streamline your rehab while you maximize the return on the work you put into the home.

Today's episode goes into detail about the repairs and renovations investors agree will afford you the most substantial increases in listing price while helping you avoid the pitfalls of over-fixing a home or investing time in projects that don't usually yield a higher probability of a sale. The deals are still out there; make the most of your new foreclosure projects by learning efficient ways to turn that fixer-upper into the dream home at the end of the buyers' search!

Here's a link to the article Donny mentioned in today's episode:
"These Home Renovations Provide The Biggest Returns"

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now

💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now

🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group

🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website

🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram

Note: Some links may be affiliate. Your support keeps us creating quality content.