No video
Do I need equity on a SubTo deal?
Рет қаралды 12,506
Күн бұрын“Is SubTo financing ideal for the seller if the seller has a mortgage but negative equity? Or, does equity even matter in SubTo deals?” In this video, Pace Morby answer this creative finance question about the true value of equity. Not only does he talk about the misconceptions of equity, but does so using real world examples from real seller finance deals.
Here’s a quick takeaway: “Equity is what you have in your pocket after you sale the property.” Make sure to watch the full video to learn more! Enjoy!
This video Q&A comes from Pace’s Subto Mentorship, learn more here: go.subto.com/p...
And, if you’re brand new to the channel, make sure to subscribe and comment with your top questions on Facebook for your chance to win an exclusive 1-on-1 with Pace here: shor.by/8vxk
FREE VALUE
shor.by/pace-y...
Need community? Join our FREE Facebook group:
shor.by/8vxk
__________________________________
🔌MORE FREE VALUE 🔌
➡️ Assignment Contract:
www.pacejmorby...
➡️ Wholesale Contract:
www.pacejmorby...
➡️ Cold Calling Script:
www.pacejmorby...
➡️ Cold Texting Script:
www.pacejmorby...
➡️ Comping Cheat Sheet:
www.pacejmorby...
➡️ Guide to Pulling a Water List:
www.pacejmorby...
➡️ Guide for Taking Photos on Appointments:
www.pacejmorby...
➡️ Seller Lead Form for Talking to Sellers:
www.pacejmorby...
➡️ Profit and Loss Template:
www.pacejmorby...
_____________________________________
► Join The Subto Community & Learn Creative Finance Directly from Pace:✌🏼
subto.sjv.io/Y9...
► Join Our Free Facebook Group to Connect with Pace and his Students:
paceapproves.c...
► Subscribe To My Second Channel:
/ @keepupthepace1
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
getcreativepod...
► 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:
jointoptiercomm...
----------------------------------------------------------
► Get Our Vulcan7 Code:
www.vulcan7.co...
► Get Our BatchLeads Code:
batchleads.io/...
► Get Access To Privy
Startwithprivy...
-----------------------------------------------------------
🔌 PLUG IN & SUBSCRIBE 🔌
Instagram: / pacemorby
TikTok: / pacemorby
LinkedIn: / pacejordanmorby
#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 ❎
@JoshCorby18 2 жыл бұрын
“I don’t buy houses, I buy cash flow” 🔥🔥🔥🔥🔥🔥🔥
@Z555JR 2 жыл бұрын
Flames 🔥 🥵
@antoniostephano Жыл бұрын
11:21 clause in Balloon section that you don't have to pay unless property appraises for at least purchase price is brilliant and a game changer in my confidence level.
@PaceMorby Жыл бұрын
🙌
@mrjuannorris_ 2 жыл бұрын
Pace you are doing an awesome thing man. You are giving people one hell of a free education. And if this is what you give freely, I can only imagine what you charge for‼️😲 Awesome stuff dude 👍🏿
@bradypettit7366 2 жыл бұрын
Pace had a question… in the above scenario where you still owe like 900k … what’s your plan when the balloon hits at year 10 and you still owe a ton? I’m assuming you don’t just fork over a ton of cash, but I’m just wondering what creative thing happens at that point to pay the seller off in full??
@stevenmaton7649 2 жыл бұрын
Wow. Still watching the Facebook video and then popped up and well, thank you so much for all the value. 1st Thrive all the way to the 10 day challenge mixed with my 88 Day Promise. Life changing.
@PaceMorby 2 жыл бұрын
Thank you Steven!
@18nonnahs 2 жыл бұрын
Hey Pace! I’m ready excited to get started! I’m feeling super grateful for your videos 🙌🏼
@PaceMorby 2 жыл бұрын
THANK YOU BROTHER
@studiooff2946 Жыл бұрын
me tooo!!!!
@Drankwitme Жыл бұрын
Learned a lot just from this session equity is what's in your pocket after you sell
@PaceMorby Жыл бұрын
Love how you're getting value from this, Charles!
@MaltzLegacyInsurers 2 жыл бұрын
🐐🐐🐐🐐🐐 anotha one!! Thanks again Pace.
@PaceMorby 2 жыл бұрын
Thank you for the 1 on 1 Cory Maltz
@mattschamel6550 2 жыл бұрын
That's it,, I'm pressing charges. You just smacked me in the face with a financial hammer! DUDE! This is unbelievable.
@PaceMorby 2 жыл бұрын
Haha Love it dude! Thanks.
@jmkennon90 Жыл бұрын
Dude this is gold !!! Did not know any of this. 🤯
@PaceMorby Жыл бұрын
Jonathan. Happy to know you've found value here!
@drewd7824 Жыл бұрын
What if the seller wants to sell it to get the equity??
@ericwoodfinance2888 Жыл бұрын
Same question that I have
@clallen2000 2 жыл бұрын
Thanks for explaining this. I have been wondering how to value a property that was either upside down or had a 2% interest rate and 27 years left on a mortgage. Do you sell the properties on a lease-purchase with the buyer paying $10k-20k and a high enough cashflow to cover the payments?
@PaceMorby 2 жыл бұрын
Hey Lee! Good questions. I did a Wholesale Hotline episode with my friends Jamil and Brent about this. Check it out: kzfaq.info/get/bejne/irCfqJOmr7e7lWQ.html If you need more help, link up with my students in the free Facebook group! shor.by/Si74
@bysadiannellc6084 2 жыл бұрын
Wow usually you have to do a Reset/ modification..that's what I did at US Bank home mortgage...
@bysadiannellc6084 2 жыл бұрын
Awesome you got that to work in your favor. Kool beans 🤙
@PaceMorby 2 жыл бұрын
@@bysadiannellc6084 Thank you!
@bysadiannellc6084 2 жыл бұрын
You are incredible, I appreciate you and all of your long hours of everything :-) ... I need to pay my mentor the second month of fees ;) lol ... so I need close a deal this week ☺️
@stevenmaton7649 2 жыл бұрын
Great knowledge
@petsloveonly Жыл бұрын
How much am I giving to the seller down What's my interest rate What's my monthly ptm What's my cash flow
@JlDaBlackSuperman 2 жыл бұрын
Awesome video. Quick question. If you have a property that you are doing creative finance with that’s actually the main residence you live in and there is a 10 yr balloon, would you refinance at yr 10 if u don’t have the capital to pay or is there another strategy??
@PaceMorby 2 жыл бұрын
Im answering that this coming week!
@JlDaBlackSuperman 2 жыл бұрын
@@PaceMorby I cant wait!
@ek07305 Жыл бұрын
@@PaceMorby Do you have the video, I'm trying to do that to buy a new house.
@seanolivas9148 Жыл бұрын
Wells fargo just stopped HELOCs, can i get both arguements on why or why not they would be pulling all the Due on Sale clause interest rates under 4%?
@MOOOOS 2 жыл бұрын
Got a question Pace, Can equity get built up as You’re paying down subto/ seller finance note to the seller?
@PaceMorby 2 жыл бұрын
Yes of course! you own the house!!! Its YOUR house! The mortgage pays down.... all of that paydown is YOURS
@MOOOOS 2 жыл бұрын
@@PaceMorby okay👌🏼 cool 😎 Great! So then how would You access those funds? In other words, who is escrow?
@nyablondel Жыл бұрын
It's hard to get a lender to fund the entry fee with no equity though. They've been asking me for collateral
@PaceMorby Жыл бұрын
Private money lenders all the way!
@MrBlackguy8 2 жыл бұрын
You mentioned your formula you use when running the numbers on a property. Care to share? 😬
@PaceMorby 2 жыл бұрын
Ill be sharing this soon!
@SnappyShenanigans2024 Жыл бұрын
Hi Pace. Thanks for all you do! I’m having trouble on an owner finance deal. The owner won’t do 0% on the note because of the IRS. They claim the IRS will Impose imuted interest at their current rate. I did some research and they actually publish a rate each month. Is there a work around for this?
@edwinmachado7964 2 жыл бұрын
Pace when are you writing a book with all your secrets maaaan 😅
@PaceMorby 2 жыл бұрын
VERY SOON Edwin! Very Soon
@roqueramirez4207 Жыл бұрын
Pace , question, Is it possible or doable legally in paper that seller finance their equity in a subject to deal? I mean to take over the payment and whatever is the spread, pay to him in term with down payment and interest, instead of me going to ask a bank for the money to pay the seller equity.
@ernestmiller5789 2 жыл бұрын
10k a month doing the air bnb methond wow ppl staying in that huge house like that ?? shessh
@PaceMorby 2 жыл бұрын
Crazy huh?
@stevenmaton7649 2 жыл бұрын
Awesome
@PaceMorby 2 жыл бұрын
Thank you
@enriquemunoz3662 2 жыл бұрын
Can I do this in San Diego, CA? I’ve heard you don’t do deals in California, is there a reason why?
@PaceMorby 2 жыл бұрын
Enrique. I'm not sure where you heard that bro. I have students in San Diego who do deals like this. Reach out and squad up with them on the Facebook group! shor.by/Si74 They can help with questions you have particularly in your area.
Дима Масленников
Рет қаралды 9 МЛН
Max Maxwell
Рет қаралды 31 М.