Contracts for Earnest Money Deposits | Gator Method
Рет қаралды 18,255
Жыл бұрынContracts are the most important part of real estate transactions. Learn why policy doesn't always dictate success and how to navigate the complexities of earnest money deposits. I'll share a real-life example of a sub 2 deal, where I borrow $5,000 for the EMD, and discover the crucial role of gator lenders in making these deals possible. Learn contract language, commission instructions, and the power of creative financing. Don't miss out on this exclusive opportunity to expand your knowledge and grow your real estate portfolio.
▶️ Watch Part 1: • Investing Cheat Code! ...
► Join The Subto Community & Learn Creative Finance Directly from Pace:✌🏼
subto.sjv.io/Y9aome
► Join Our Free Facebook Group to Connect with Pace and his Students:
paceapproves.com/freefb-yt
► Subscribe To My Second Channel:
/ @keepupthepace1
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
getcreativepodcast.com/
► The Ultimate Exit Strategy for Subto Deals:
splityourpad.com
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
jointoptiercommunity.com/
-----------------------------------------------------------
► Get Our Vulcan7 Code:
www.vulcan7.com/pace
► Get Our BatchLeads Code:
batchleads.io/pace
► Get Access To Privy
Startwithprivy.com
------------------------------------------------------------
🔌 PLUG IN & SUBSCRIBE 🔌
Instagram: / pacemorby
TikTok: / pacemorby
LinkedIn: / pacejordanmorby
🗝🗝 FREEBIES 🗝🗝
📑 FREE assignment contract: go.www.pacejmorby.com/assignment
📑 FREE wholesale contract: go.www.pacejmorby.com/wholesale
📑 FREE cold calling script: go.www.pacejmorby.com/coldcal...
📑 FREE cold texting script: go.www.pacejmorby.com/texting
📑 FREE foreclosure script: go.www.pacejmorby.com/foreclo...
📑 FREE disposition checklist: go.www.pacejmorby.com/dispo
📑 FREE comping cheat sheet: go.www.pacejmorby.com/comping
📑 FREE guide to pulling a water list: go.www.pacejmorby.com/water
📑 FREE guide for taking photos on appointments: go.www.pacejmorby.com/photos
📑 FREE seller lead form for talking to sellers: go.www.pacejmorby.com/seller
📑 FREE profit and loss template: go.www.pacejmorby.com/profit-...
#RealEstate #Investing #CreativeFinance #Subto #RealEstateInvesting #PropertyDeals #RealEstateTips #Finance #InvestingTips
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZfaq video for entertainment purposes ONLY ❎
@romel3279 Жыл бұрын
I had an EMD deal today that the buyer wasn't using Pace's Purchase Contract so we sent the Irrevocable escrow instructions to the seller to protect my money. Regardless of the state, ALWAYS check with the Title Company because as Pace said, it might be the specific Title Company's policy to do so. Thank you for reinforcing this information. Appreciate all that you do bro!
@michaelmimnaugh79 10 ай бұрын
Wasn’t using Paces contract because it costs tens of thousands of dollars unless one of you in his class is secretly giving it away which would be awesome. People are gonna use something cheaper.
@holberthomestead Жыл бұрын
Absolutely correct. Earnest money will always be required. It puts skin in the game for the buyer and protects seller if buyer defaults on the contract.
@romi929 Жыл бұрын
Pace you freaking Rock!
@JesseVasquezAirVenture Жыл бұрын
solid info!
@netsiwselarch5538 8 ай бұрын
Great content!
@blockchainslim7159 Жыл бұрын
Your So Awesome Pace
@ab-qn7kv Жыл бұрын
love the "no edit" style of the video.
@ElizabethGalarza1 Жыл бұрын
When I start thinking that I'm almost done with the Gator training...there comes more and more videos that I can't stop watching! There's so much information that Pace constantly shares. Very thankful for that.:)
@roathripper 8 ай бұрын
any success with the gator method 5 months later?
@thesamroberts1 Жыл бұрын
Thank you for giving & giving & giving. I'm sure it's exhausting sometimes!
@bryantpride1537 Жыл бұрын
Appreciate the info.. I get it!! 3 mins minimum.
@mattriblet9611 Жыл бұрын
Thank you for just sharing the information! And yes! Edits to a minimum! Shows your passion in real time
@PaceMorby Жыл бұрын
Thanks for watching!
@mattriblet9611 Жыл бұрын
@@PaceMorby yep
@user-go9dl9ti4d 7 ай бұрын
i have gone under contract without an earnest money deposit and i essentially arranged it as a no money down payment transaction and i can deploy this all day Every day
@evankaden657 Жыл бұрын
This is still a challenge for many. Much needed. Thanks.
@betterequitymanagement9466 Жыл бұрын
Thank you for sharing more info that will better my business!
@MironBriley Жыл бұрын
So dope
@Copedawg_340 Жыл бұрын
Just bough the 🐊 course two days ago. Catching up on the education vids/vault videos! Thanks for the walk through of deals Pace!
@kaefaeusavlog9509 Жыл бұрын
Awesome ! If you don’t mind how much is the course? Thank you in advance !
@PaceMorby Жыл бұрын
Glad you like them!
@evankaden657 Жыл бұрын
How much? $
@Copedawg_340 Жыл бұрын
@@kaefaeusavlog9509 just shy of 3k. I know one of the mentors said the price will be increasing very soon.
@Copedawg_340 Жыл бұрын
@@evankaden657 just shy of 3k. I know one of the mentors said the price will be increasing very soon.
@tracydavis148 Жыл бұрын
Hey Pace
@tonyyoung327 Жыл бұрын
See you this Saturday June 24th. Got my link saved. I’m ready to hit the ground running.
@mattriblet9611 Жыл бұрын
He, see you there too? 🤔
@jbernardini10 11 ай бұрын
I'm really interested in becoming a gator lender in the near future. There's one thing I don't understand about the EMD lending process. So, if I'm the buyer & I don't have the 5K EMD to begin with & I need to borrow it from a gator lender how or where I get the money to pay that lender back the 5K "plus his or her lending fee"???
@you7uber5 11 ай бұрын
Sounds like I need to get out of flipping and get into lending EMD
@theabdielgarcia 11 ай бұрын
Im a Gator. Hmu if you need help!
@you7uber5 11 ай бұрын
@@theabdielgarcia not with a mustache like that.
@nabitherealtour144 Жыл бұрын
I am an agent...no end NO DEAL UNLESS......lol
@gmoe2094 Жыл бұрын
How can I become a Gator? Is it too late to join? Pace, can you have someone reach out to me.
@LJSiar 5 ай бұрын
Not getting earnest money will always cost you not to mention without money it is not a valid contract.||||||| What happens to the earnest money if the next buyer backs out an the seller keeps the money?
@lalogonzalez8536 Жыл бұрын
Gett 500k within 2 years seems possible🎉
@JuanSuarez-vl5ul 11 ай бұрын
is her amount of 3000$ guaranteed in the contract aswell? or is there s separate contract?
@yummiebabees 9 ай бұрын
Who decides the earnest money amount?
@Lmuas Жыл бұрын
The lender has to verify earnest money to give credit so I need to understand this. Trying to understand how this all works
@romanmassey356 Жыл бұрын
What are the terms on that $44k hard money loan and how does it get repaid? I'm assuming its a buy hold and rent
@danieldiaz9948 9 ай бұрын
He mentioned in 1st video that his hard money lenders are happy with 10-12%. As far as repayment, the repayment is either refinancing with bank, or since interest rates are so high, Pace could pay them off with a sale of another property somewhere in his portfolio
@johnzwennes3911 Жыл бұрын
Is there a link to part 1?
@PaceMorby Жыл бұрын
kzfaq.info/get/bejne/fNWkhtKVrK-6fWw.html
@realDavidrey 7 ай бұрын
facebook always says content not available, been trying to join
@PaceMorby 7 ай бұрын
The free Facebook group? Make sure you answer the membership questions and agree to the group's rules.
@ab-qn7kv Жыл бұрын
how do you advise the seller not to involve the bank on a sub-to
@johnbabe_ Жыл бұрын
Just explain to them either with a story or facts why it’s better for all parties…
@idaliagrimaldo8830 11 ай бұрын
Do you need an LLC to be a Gator lender?
@theabdielgarcia 11 ай бұрын
Highly recommended
@michaelmimnaugh79 10 ай бұрын
How do I get my hands on gator lending contract?
@PaceMorby 9 ай бұрын
Squad up with a student in the free Facebook group. paceapproves.com/communityytc
@rsanchez1905 Жыл бұрын
Do you sell your contracts?!?
@you7uber5 11 ай бұрын
I only put 500 EMD
@ismailkaron7524 5 ай бұрын
You'll get more contracts with more EMD down, it shows the seller you are serious and not trying to scam them because you'll have skin in the game.
@anthonysegura7926 Жыл бұрын
I want to be a gator i got money just sitting in a account
@ecamacho7726 11 ай бұрын
You don't use your own money
@anthonysegura7926 11 ай бұрын
@@ecamacho7726 do you gator lend??? Maybe we can have a convo
@LJSiar 5 ай бұрын
Solid video however i am about to pay you $3900 and your lying about a flight. Why not say " I have some people in front of me right now, can you expedite this?" Hmm.
@thefrankperspective4247 Жыл бұрын
Yeah, time to get off my ass and start lending I guess
Jimmy Burgess
Рет қаралды 20 М.