Determining if a Creative Finance Deal Is Good or Not

Рет қаралды 10,159

Күн бұрын

What do “terms” mean in a creative finance deal? In today’s video, Pace Morby dives into what terms are in a creative real estate transaction. He walks through a subject to deal he bought from Armando, a community member, explaining what each number - or term - means and how it impacts both him and the seller.
As he’s discussing the deal, Pace discovers the deal doesn’t cash flow. He renegotiates certain terms, such as the assignment fee, to be more beneficial to him since he know it will take longer for the property to profit. He provides helpful tips to keep in mind when determining if a creative finance deal is a good deal or not. You should be informed of what each term means so you know the correct questions to ask. This video is great to watch if another investor or agent reaches out to you, as the seller, asking if you’d sell your house on terms.
Get the full settlement statement for this deal below!
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❎ 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎

Пікірлер: 45

@Refwo 6 ай бұрын

Should definitely do more property walkthroughs and talk about the best exit strategy for that specific property and why you chose it.

@YBC561 6 ай бұрын

@Refwo Curious do you raise capital or have a lender because if so I have something I can offer to you and your team

@YBC561 6 ай бұрын

@Refwo what’s your email?

@Refwo 6 ай бұрын

This was the best video literally EVER

@PaceMorby 6 ай бұрын

Glad you enjoyed!

@nishahyde 6 ай бұрын

This is definitely my speed and I absolutely love this teaching style.

@PaceMorby 6 ай бұрын

Glad you enjoyed!

@realaaronv 6 ай бұрын

Teaching style and speed is perfect Pace, love it!

@PaceMorby 6 ай бұрын

Glad you enjoyed the video!

@nandingpanelo 6 ай бұрын

Thanks Pace and community I am learning a lot

@Atlantean_priest_king 6 ай бұрын

Omg this man is amazing ! Thank you Pace for all the content bro. 🎉

@PaceMorby 6 ай бұрын

Thank you bro! Glad you enjoyed

@YBC561 6 ай бұрын

@Atlantean_priest_king Curious do you raise capital or have a private lender because if so I have something I can offer to you and your team

@TheRealEstateDeli 6 ай бұрын

Straight Street Talkin’ masterful !

@LocalHandyMan9145 6 ай бұрын

That ending was Gold

@PaceMorby 6 ай бұрын

Thank you bro!

@josepurposeoverprofit 6 ай бұрын

Perfect pace teaching, Pace

@PaceMorby 6 ай бұрын

Thank you Jose!

@lorenzostevens251 5 ай бұрын

Amazing content as always Pace!!

@PaceMorby 5 ай бұрын

Glad you enjoyed bro! 🤝🏼

@benny123259 5 ай бұрын

Not to fast. Makes me focused more pace 🎉😅 let’s go !!!!🎉💡💪💪💪

@johnnyb33good21 6 ай бұрын

I've been doing BRRRR (buy, rehab, rent, refinance, repeat) deals and house hacking. Time to get creative! And learn more about subject to

@PaceMorby 6 ай бұрын

Yesss let's go!

@YBC561 6 ай бұрын

@Johnnyb33good21 Curious do you raise capital or have a private lender because if so I have something I can offer to you and your team

@lettruthprevail9820 6 ай бұрын

The solar would cost money when vacant but the tenant would be willing to pay when renting.

@montana727 6 ай бұрын

Great point! The landlord is the utility company basically

@user-ib6ib1vh9s 5 ай бұрын

how would you come up with the balloon payment in 5 years ? around 70k

@prophetic369 5 ай бұрын

So how do you determine if a home is loanable by a bank without having to put money into it. Learning to be a certified home inspector might benefit a person who flips a lot of homes just trying to help with my thoughts. Hope this could help. Thank you guys.

@kennyspade1755 6 ай бұрын

How should i structure a no money down commercial realestate deal, not even private money! I was thinking, give them the price they want in exchange for 5 percent interest and 0 down! Terms, first payment on the first upcoming month! Sound ok or no? Trying to figure this out! Lol. Thanks Buddy your the best! Peace out homes ✌ ☮ 🕊

@Tanyatnt 6 ай бұрын

Hi! in your video you mention that you would give the link to the reasons for you to buy this non-cash flowing deal. I do not see the link to this video, could you please share that. My guess is appreciation, but I would like to confirm. Thanks!

@PaceMorby 6 ай бұрын

Hey! Here's a video where I break down other benefits of buying a property: kzfaq.info/get/bejne/nsuEitaEnM-yqoU.html

@jeffreylonghr 6 ай бұрын

This is why DISPO should sell you on the deal not the home and why they get what they get. Great to build that ELF for Easy Lucrative Fun=Long term relationship on the next ones Pace.

@xejelah 6 ай бұрын

The pace is a little fast for me. I don't have a background in this, but it's probably good for a yt short.

@PaceMorby 5 ай бұрын

I have tons of other videos that break this down even further

@nishahyde 6 ай бұрын

A well-oiled machine, the whole thing.

@matthewmitchell60 23 күн бұрын

Seller finance that needs rehab?

@TheRealAustinHair 6 ай бұрын

Didn't he say $250k on the original loan? Why did it jump to 350k?

@xejelah 6 ай бұрын

I'm also trying to figure out where 350k came from

@sonnytimpkins9699 2 ай бұрын

He did. The balance of the loan is $250,000, but the purchase price is $350,000..

@edumana8036 6 ай бұрын

I have so many questions but I dont know how to ask them 😂😂 still trying to figure out the lingo. I’ve watched this video 8x to kinda understand it. A whole lot of pause and googling words.

@PaceMorby 5 ай бұрын

Check out my pocket dictionary. This explains some of those terms all in one place: paceapproves.com/pocket-ytc