EP. 19  ·  December 2024

The 5-Step Foreclosure Profit System (400+ Flips)

44:20
Beyond the Bid Podcast
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EP. 19
The 5-Step Foreclosure Profit System…
44:20
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Episode Overview

What You'll Learn in This Episode

400+ flips. $25K average profit per deal. One bulletproof system. Donnie Korum, founder of the Foreclosure Profit System, joins the pod to break down exactly how he built a repeatable, risk-managed real estate investing machine — and how contractors can plug in to dominate the fix-and-flip market. Donnie walks through his 5-step "Find, Figure, Fund, Fix, Flip" framework, shares the infamous "Springs Hellhouse" story, and reveals the tech stack — Deal Check + Buildxact + Matterport + AI — that separates professionals from amateurs.

Table of Contents
  • 0:00 Introduction to the Foreclosure Profit System
  • 4:12 The "figure it out as you go" mistake that kills margins
  • 11:34 Managing the Fix stage — where most deals die
  • 15:28 Deal analysis with Deal Check — the numbers that matter
  • 19:03 Volume-based agent negotiations that change your economics
  • 23:45 Modern tech: Matterport + Buildxact + AI in action
  • 31:00 The Springs Hellhouse story — risk mitigation lessons
  • 38:20 Getting started with the Find, Figure, Fund, Fix, Flip system
Your Host's Guest
DK
Donnie Korum
Founder
Foreclosure Profit System
400+ Flips Completed
Avg $25K Profit/Deal
Fix-and-Flip Educator
Deal Check + Buildxact
Get Connected →
Why Donnie?
01
400+ Fix-and-Flip Deals
Has personally executed over 400 real estate fix-and-flip transactions, building deep expertise in deal sourcing, renovation management, and exit strategy.
02
Average $25K Profit Per Deal
Maintains a disciplined deal analysis process that consistently generates $25,000+ average profit per transaction — even in competitive markets.
03
Foreclosure Profit System Creator
Developed and teaches the 5-step Find, Figure, Fund, Fix, Flip framework — a repeatable system for residential real estate investors and contractors.
04
Modern Tech Stack Advocate
Uses Deal Check for rapid deal analysis, Buildxact for renovation scoping, Matterport for virtual documentation, and AI for market research and project planning.
Featured & Trusted By
Foreclosure Profit System
Buildxact
Matterport
Deal Check
NREIA
Topics & Timestamps

Episode Highlights & Insights

Featured Methodology
Find, Figure, Fund, Fix, Flip
The framework Donnie Korum teaches service businesses to win 6x more clients with story-driven content.
Guest Resource
Foreclosure Profit System — Free Consultation
Access the resource →
Episode Duration
44:20
Dense, no-filler conversation covering the full framework from concept to execution.
01
⏱ 0:00
Introduction to the Foreclosure Profit System
02
⏱ 4:12
The "figure it out as you go" mistake that kills margins
03
⏱ 11:34
Managing the Fix stage — where most deals die
04
⏱ 15:28
Deal analysis with Deal Check — the numbers that matter
05
⏱ 19:03
Volume-based agent negotiations that change your economics
06
⏱ 23:45
Modern tech: Matterport + Buildxact + AI in action
07
⏱ 31:00
The Springs Hellhouse story — risk mitigation lessons
08
⏱ 38:20
Getting started with the Find, Figure, Fund, Fix, Flip system
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Real Estate Investing
The Fix-and-Flip Math Most Investors Get Wrong
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Contractor vs. Investor: Why You Need Both Mindsets
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Technology
PropTech Tools Changing the Flip Game in 2025
From Matterport to AI-powered deal analysis, the technology stack separating high-volume flippers from one-deal-at-a-time investors.
7 min read Read more →
Service Stories

Flip Smarter. Profit Consistently.

Get the Find, Figure, Fund, Fix, Flip framework — plus the deal analysis checklist Donnie uses on every transaction to protect margins.

Book a Free Consultation →
  • ✓
    5-Step Flip Framework Checklist
  • ✓
    Deal Analysis Scorecard
  • ✓
    Free Foreclosure Profit Consultation
Opus Clips

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