How to LEGALLY Buy Houses for $10 & Stop Foreclosures – The Secrets Banks Don’t Want You to Know!

Summary

In this episode of the Generations of Wealth Podcast, host Derek Dombeck speaks with Pat Martin, a seasoned real estate investor and coach. Pat shares his journey from wrestling and coaching to ministry work and eventually becoming a successful real estate investor specializing in pre-foreclosures and distressed properties. They discuss ethical investing, foreclosure strategies, and how to acquire properties for as little as $10. The conversation also covers controversial real estate practices, including equity stripping, sub-to deals, and the Remick rule, and how to do business the right way with integrity.

Key Takeaways

✅ Pat Martin’s Background – From coaching and ministry work to 20+ years in real estate investing.
✅ Ethical Real Estate Investing – Importance of doing business legally, morally, and ethically.
✅ Equity Stripping Lawsuit – Discussion on a recent case in Arizona where investors were accused of unethical foreclosure practices.
✅ Foreclosure Investing Done Right – Strategies for acquiring properties ethically and legally.
✅ Buying Properties for $10 – How Pat structures deals with distressed homeowners.
✅ The Remick Rule Strategy – How banks use IRS loopholes, and how investors can leverage it to eliminate liens.
✅ Sub-to & Assignments – The risks and ethical concerns of subject-to transactions and assignments.
✅ Lead Generation – Proven methods to find pre-foreclosures and motivated sellers.
✅ Pat’s Pre-Foreclosure Course – Exclusive $1,500 discount for podcast listeners.

Why Should You Listen?

🎯 If you're in real estate – Learn real foreclosure strategies without unethical tactics.
💡 If you're new to investing – Avoid scams, bad deals, and risky practices.
⚖ If ethics matter to you – Understand the right way to invest in distressed properties.
📢 If you want actionable insights – Pat shares real-life examples and step-by-step deal breakdowns.

Time Stamps

📌 0:00 - 5:00 – Introduction & Pat’s Background
📌 5:01 - 15:00 – Transition into Real Estate & Pre-Foreclosures
📌 15:01 - 30:00 – Ethical vs. Unethical Investing & Arizona Lawsuit Discussion
📌 30:01 - 45:00 – The Right Way to Handle Foreclosures & Sub-to Concerns
📌 45:01 - 1:00:00 – Buying Houses for $10 & The Remick Rule S