DON’T Use Your Own Money in Real Estate!

Рет қаралды 10,383

Күн бұрын

How do I NOT use my own money in real estate deals? What does Pace do with his money? I have money to invest, what should I do with it? In today’s video, Pace Morby talks with Ty Russell about why, even if you have a lot of your own money, you SHOULDN’T always use your own money in real estate transactions. Pace explains that whether you should use your own money or not depends on multiple factors depending on the person and what they want to achieve by lending money. He emphasizes that you should save your money, and spend someone else's.
Pace also gives Ty actionable items to make more passive income since his active income (W-2) requires a lot of his time. Do you want true passive income? Do you want to add properties to your portfolio? Pace answers these questions as they relate to funding deals with your own money versus other people’s money.
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Chapters:
0:00 - Intro
0:33 - I have money, what do I do with it?
2:19 - On the phone with Ty
2:33 - What does Ty want to do?
5:25 - 2 ways to make passive income
14:13 - Good example of networking
19:27 - Never use your own money
20:20 - Example of a scout
22:22 - Private money lender
25:00 - What do I do with the money I have?
27:17 - What Pace does with his money
33:37 - Ability to underwrite
36:33 - Who are the people you surround yourself with?
37:56 - I have money, what do I do with it?
41:28 - Outro
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎

Пікірлер: 55

@petninja6320 5 ай бұрын

A 45 min whiteboard visual aid breakdown along with a live call… Love It, Brother 💪🏾

@PaceMorby 5 ай бұрын

Glad you enjoyed the video!

@reir4usmentor 5 ай бұрын

All this is so great the problem is that we wanted to learn everything at the same moment!!!

@tree5081 5 ай бұрын

Super helpful video that speaks to W2 employees. Thank you for taking the time Pace and sharing!

@PaceMorby 5 ай бұрын

Thank you! Glad you enjoyed the video ✌🏼

@pmartbrown 3 ай бұрын

It’s very true that if you use your own money, it disappears fast and then you feel you can’t do deals until earlier deals close and money comes back.

@PaceMorby 3 ай бұрын

This is the comment.

@DocJJohnson 5 ай бұрын

Another really really Goode one..thank you..!!

@CharlieKaine 5 ай бұрын

This video made me realize why I hate cold calling and trying to wholesale. I just want to buy deals and build a portfolio. I need to learn those skills of raising capital and finding private money partners. I thought I HAD to wholesale but I really don’t enjoy that. Gotta go back and watch the avatar videos and reset my focus. Great video!

@PaceMorby 5 ай бұрын

Glad you enjoyed the video Charlie! 🙏🏼

@DesirableLibra777 2 ай бұрын

Pace im apart of a community but.... idk i know grass isn’t greener until you water it but I’ve learned more from you and Jerry creating finance playlist than where i am bc he just has a lot of fluff videos and don’t break it down like you. Sigh. I sincerely appreciate you Pace. 43:54 ofc the women will run the detail stuff we’re best at being attentive 😅🙌🏾

@PaceMorby 2 ай бұрын

Glad you're taking some value from this!

@marckuhnmak 5 ай бұрын

Love this style of video Pace, always valuable info here. Creative finance is the way to go!

@PaceMorby 5 ай бұрын

Thank you Marc! 🙏🏼 Appreciate you always

@user-rq8dq6mi9o 5 ай бұрын

Love it! Go Ty! Can't wait for more videos on buying and selling businesses with creative financing!😊

@gfsoundtrack 5 ай бұрын

great insights, thanks

@sharonsanita5840 5 ай бұрын

This was awesome! Why would you ever want to use your own money? Thank you Pace for the explanation.

@HighCashfow 3 ай бұрын

Thanks Pace Excellent information fantastic business model appreciate your U Tube Channel !

@PaceMorby 3 ай бұрын

Thanks! Glad you're getting value

@johnjslatteryherbalist 5 ай бұрын

This video was fantastic. Nuts and bolts of deals really appreciated! I’m looking forward to getting started on this path!

@PaceMorby 5 ай бұрын

THANK YOU!

@thomaslegacy723 5 ай бұрын

🔥 🔥🔥🔥🔥🔥info and the beat in the background cranks

@Eva-123-v4w 2 ай бұрын

This is so true

@ChoiceCrosby-RE 5 ай бұрын

Thanks Pace for putting this together. I'm a new baby Gator; still going through the training. Every time I hear you talk, I learn something... Thanks!

@PaceMorby 5 ай бұрын

Yess love to hear this!

@pascalechibe6934 5 ай бұрын

Love this guy man

@gyphtedmario8975 5 ай бұрын

This was really helpful 😮😮😮😮

@benscalzo8649 5 ай бұрын

This was super helpful! Pace keeps drilling in my head that I don’t need money to get started today! Def need a TC paperwork is my arch nemesis…

@PaceMorby 5 ай бұрын

TC are the BEST

@brucewolf4info 4 ай бұрын

Awesome teaching, I wanna be a Ty!!

@JordanVanDelinder 5 ай бұрын

Thanks Pace ✌🏽 a lot of us needed to hear this

@PaceMorby 5 ай бұрын

Thank you for being here Jordan! ✌🏼

@Artbyevelyn 4 ай бұрын

Propstream app. does this like a scout. Would you say the app does the work?

@odilialinares9503 5 ай бұрын

“Forget about your money”. Yes

@yagirlllwavy 5 ай бұрын

You’re amazing Pace. Truly.

@PaceMorby 4 ай бұрын

Thank you!!

@eliasbutcher859 5 ай бұрын

Thank you Pace, as always. One thing I’m unsure of in this example, if anyone can answer, is that if $1000 of cash flow for 4 years equals the 46k-(48k) needed then I’d assume the PML is okay with being locked in a deal that long ~ 4-6 years. It took four years for just the principal, plus 10% each year at 4,800 = 18k/19k roughly in interest in that span. Perhaps my math is wrong, or you would borrow against equity in this case to get them paid out sooner. Maybe even switch out lenders.

@nandingpanelo 5 ай бұрын

Thanks Pace

@PaceMorby 5 ай бұрын

Thank you bro!

@ladylildizzy1 2 ай бұрын

How can i find a good transaction coordinator?

@Artbyevelyn 4 ай бұрын

He can use it to be the private lender and make 10% out it in IRA account that’s not taxed rinse and repeat

@damianflores6162 5 ай бұрын

your the man Pace!

@PaceMorby 5 ай бұрын

Thank you bro!

@matthew8661 2 ай бұрын

i dont think i hate a corporate environment but i defiantly hate formal and Corporate attire and College is a waste of money unless you are going for an IN DEMAND field

@PaceMorby 2 ай бұрын

Agree!