Understanding Wraps in Real Estate | Masterclass Video 11 w/ Pace Morby

Рет қаралды 36,164

Жыл бұрын

What are WRAPS when we talk about creative finance? Creative Finance strategies will be some of the most useful ways to get deals coming in 2023 and beyond! You should understand all possible creative strategies! I sit down with Pace Morby and we discuss all of them at length!
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Пікірлер: 232

@Natesson Жыл бұрын

Wrap: Buy using seller finance and sell using seller finance. A wrap is when you merge the two loans into one. The difference in the payment amounts is profit to you.

@angelaciampo2005 4 ай бұрын

Simply said, thank you!

@rhenanichan Жыл бұрын

You guys are like the dream team of real estate! Please keep expanding

@JavoPavo Жыл бұрын

Yes to whiteboard video explaining wraps, subto deals, and other creative financing types. Hi Ben! 😂

@austinchowaniec2885 Жыл бұрын

Wrap 2.0!!!!! This is GREAT! Thank you both, God bless!

@threeofakindfam Жыл бұрын

I am from Kenya and OMG!!! I going through the masterclass as well as different videos on y'alls channels and you cannot begin how much you've opened my eyes as a single mum. I've always worked with clients from USA as a freelancer but this right here, the knowledge you guys are putting out, is going to change so much for me and my kids. I can apply this concepts here and simply change our lives in the long run. Thank you so much for the good work you are doing

@alwayswinning11 Жыл бұрын

Good luck and much success

@benny123259 5 ай бұрын

Yes please more videos on wrap. I’m loving it I’m so hungry

@1sharifinvest1sharifinvest15 Жыл бұрын

My Courage To Do This Business Is Only Thanks To These Two Real estate PRO'S.! These Jem's 💎Are Worth ("Thousands"!!) LET'S ALL GET TO THE BAG..💰👈🏽

@cathikidder7968 Жыл бұрын

They cold, 🥶

@joshbryant7363 3 ай бұрын

I love all of this! That said, we kinda got off the wrap subject for most of it…and didn’t really go into the weeds on structure and actually HOW to do them. Definitely need 2.0 at a minimum.

@KyleChiamos Ай бұрын

🎉please add more on Wraps!

@blancaash8807 Жыл бұрын

I literally watched this entire series today. It’s absolutely incredible!! Pace and Jerry you both are Geniuses!! My future self is thanking you for all the money I am going to make 😁😁

@skylerfrazier2990 4 ай бұрын

So grateful for this video series and all the value you guys give freely! Truly appreciate it!🙏🏼🙏🏼 so in depth and so much to learn from every video!

@MickeyRusso Жыл бұрын

My simple explanation of a wrap... I have financing and terms in place on an asset. I then "wrap" that financing and those terms with completely separate financing and terms that I then execute with an end buyer/borrower.

@The1chollins Жыл бұрын

This was very high level. I would love to see a continued video

@trejhvionhaynes2335 Жыл бұрын

Thank y'all with the hook up !!💯💯 Best free course out rn

@justarandomstranger6467 Жыл бұрын

Whoah the edit at 3:15 was fun! Awesome!

@mariogonzalezrealestate 11 ай бұрын

hahah Im a hispanic realtor in texas and ALLLLLL the people that contact me are in the penalty box. No social security number, self employed, unable to qualify for a loan, and its been hard for me to close deals like that. Now with this knowledge I can be the BRIDGE between both worlds... being the subject-to buyer and SELL those houses on a WRAP. I still have a lot to learn though

@1970Mrscott 5 ай бұрын

Wraps definition. Easy and smart.

@darciwestmoreland2030 5 ай бұрын

So excited for my next sub2. And man, do I get it. Penalty box biz owner here! South Texas, dueño a dueño!

@zacdarippa Жыл бұрын

The two GOATs 💪⚡️🤙 LFG

@harrydhaliwal2461 Жыл бұрын

Oh yeah baby, that's what i said when i saw this video on my feed. Thx guys

@itsa.k7028 Жыл бұрын

Love the colab with pace if you guys can go a little bit in detail that would be really helpful thanks

@wendyclark387 Жыл бұрын

I LOVE this very helpful series you guys are doing together! Thank you for breaking down some of these challenging concepts into deep, broad-dive explanations with real-life examples so we can start "wrapping" our heads around all of this. Thank you! Keep doing these please!

@benny123259 5 ай бұрын

Jerry pace yes more videos on wrap please. 🙏

@djkotchuck3692 8 ай бұрын

Absolutely!! Would love that!

@canaldosam8717 Жыл бұрын

WOW. This is so POWERFUL information , that is worth more than gold.

@lindabuyshouses 3 ай бұрын

❤This so good, I’m binging today on you and Pace!

@lasttake3820 Жыл бұрын

The GOAT'S!!!!🥹🥹🥹

@schnozz2 Жыл бұрын

Yesss! More masterclasses! 1-10 was amazing!

@swilliams2354 6 ай бұрын

Hi Ben!! A Wrap is basically layering what you already have in place with your seller with your own terms to make a profit in the middle or on top I guess you'd say.. Love a 2.0 Lets Goooooooo!!!! 😎🥳🤯

@bossladiesofhoustonllc7240 Жыл бұрын

Hey Ben, Yessss…Pace thank you for the camera analogy, I’m selling my camera equipment now….WRAP IT!!!🤣 Pace & Jerry Wrap 2.0🔥🔥🔥

@priscatowery5056 Жыл бұрын

Yes please!

@eddyclavijo6993 6 ай бұрын

Gods at work!!!!

@sheldonunruh3717 Жыл бұрын

You two are the best colab in the biz!

@JoseGomez-qk1gr 7 ай бұрын

Thank you, guys, for all that knowledge you've given us

@tonydeeds6977 Жыл бұрын

My top 2 favorite channels to watch hands down

@Hawksforever99 Жыл бұрын

WRAPS 2.0, 3.0 & 4.0!!!

@lettherebelight6910 Жыл бұрын

⭐️Another way👉 to think 🤔 of a wrap is similar to what a car 🚘 dealer does in the F&I office. Consider “Buy Rate” & “Sell Rate”. You are exited 🤗in buying your next vehicle and they run your credit to see what loans from various lenders you qualify for. 👍 The dealer makes a spread from the interest portion from what the dealer acquired the loan for and what they turn around and sell you the customer for.

@skylerfrazier2990 4 ай бұрын

Please more wrap videos for sure and whiteboard details on an actual deal.

@bobbyflores220 Жыл бұрын

we need a play book to refer to when we get "Stuck" to get thru and close the deals. What these modules are missing is a showing how you do these deals from start to finish, not leaving anything out. Because as good as all of this info is, we still cant just go out an do it because we are missing the "glue that holds the bricks together" or behind the scenes paperwork etc

@zzzz-rb2yu 9 ай бұрын

Purchase property sub to. List that property for more because of your flexibility and willingness for creative finance. Difference in your payment to the original seller is profit.

@dr.jasonbaca Жыл бұрын

Wrap: Wrapping new debt (with new terms) on a property that already has existing debt (with existing terms), and profiting from the "spread" between the two debts and the two sets of terms. That's about all I got as far as explaining it in a single sentence 😂 (which probably still isn't super clear). Honestly, the best way to understand it is to just look at an example of it being done. Great video here guys! Love learning from you both as always! 😊

@jessealfonzo6032 Жыл бұрын

Amazing collaboration gents! You guys rock! Thank you for yhe help!!!

@lindapettee1294 Жыл бұрын

This may be what I need!! I need someone to buy my house and sell it to me on a wrap!!!

@leighannehromcik6419 Жыл бұрын

Me too!! Great question!

@DopeWithoutDope Жыл бұрын

Great talk. What is subordination?

@jpotenzone1 9 ай бұрын

This is great info!!! Thank you!! Now to action this info.

@tedgman5904 11 ай бұрын

Mindblown🤯🤯

@Jay_Rell Жыл бұрын

Thank you both for these

@4housesequals1hotel27 11 ай бұрын

SUBSCRIBED Jerry & Pace do some LIVES 🦎 🦎

@spinheraround Жыл бұрын

Wrap 2.0 🔥🔥

@batmanx1x1x30 Жыл бұрын

Absolutely love that you guy’s do this lol I don’t even know where to start but I feel like I have been wasting my time at the 9-5 lol

@robertcastillo7071 Жыл бұрын

This is a true mastermind class thanks to both of you.

@jok5643 11 ай бұрын

Such an awesome discussion thank you guys!!

@davidnavarrete4510 Жыл бұрын

Definitely need a breakdown! Would love a breakdown of each of the creative finance strategies.

@merchant297 11 ай бұрын

Wao. You both are the geniuses. Thank you so much. A ton of value

@HauTran-tr7eb Жыл бұрын

Great video love it ❤️ Please do a video for note next time! can’t wait to watch it 😊

@zacarriusgreen502 Жыл бұрын

This is definitely uping my game now! Thanks for the value!

@AnthonySodaroTravels Жыл бұрын

As many stories as you guys can tell, keep breaking it down for us

@cozzettbradford5758 9 ай бұрын

Yes please more videos on how to structure wraps... Thank you kindly

@AnthonyCallas-uj5jn Жыл бұрын

You two are a God send!!!! Question 2, on the examples of a wrap for the camera equipment (and other mobile assets like the seller finance of the F150) how do you protect yourself from the buyer taking off with your camera equipment and/or maintaining payments? Question 2, for real estate, again for protection, if you seller finance to a buyer and they default, do you have to go through a special eviction process if the put a renter in your property? Is the documentation process for reverting everything back to you difficult, time intensive, and expensive?

@MetalFuser Жыл бұрын

Man thank you Jerry and Pace!! You guys are the best and I’m learning so much from you guys that realtors, hard money lenders and escrow agents that have been real estate for many years doesn’t know about creative finance but when most of them like the idea and say that’s actually really fair and awesome! We want a live quarterly bros 🤙🏽😎🏡

@popseworld28 Жыл бұрын

jerry you always done over the top work when it comes to real estate, when i get my first deal i want to be on your show thanks again

@albertcho4499 3 күн бұрын

Okay it seems like a wrap is repackaging a present that’s beneficial to both the buyer and the seller. Seller benefits because he can gain more from the spread of the interest rates. So if he had a 100k at 3% and 50 at 4%, he can wrap it into a 150 at 8% and make the difference as his net profit. And for the buyer, they don’t have to go out and get qualified for a loan, because sometimes people can get approved for a loan or have lots of cash that’s not registered as income. So they can “afford it” but can’t get “approved” because it’s not recorded as taxable income that allows the banks to be like “okay you qualify cause you make more than the monthly payment.” So both parties can benefit.

@activeinfinity1 8 ай бұрын

Please keep teaching.

@elizabethgarcia1378 Жыл бұрын

Yes!! Would love to hear more about wraps

@iamlocs 11 ай бұрын

Excellent content, smh just wow!

@Joel_lopez Жыл бұрын

I need a Pace and Jerry Wrap album 💿 👏🏼👏🏼🔥

@RainbowArt_Dad 9 ай бұрын

My wrap explanation. I own a house and have a mortgage loan. I sell the house to you and wrap my mortgage loan in more interest so that you pay me more than I owe on my mortgage loan. This makes the deal work so that I earn money on the extra interest and it works for you because you don’t have to deal with a bank and strict qualification rules.

@FlippingMastery 9 ай бұрын

Bingo!

@blancaash8807 Жыл бұрын

I want more episodes on wraps please 🙏🏼

@LOSSSSS777 Жыл бұрын

incredible info thank you gentlemen

@user-zk3un6qb9b 11 ай бұрын

I am so grateful to you both for sharing your amazing knowledge and for your abundance mindset - understanding that there is enough wealth for everyone as demonstrated by how you both share knowledge. You absolutely don't have to but that tells me what good hearts you both have. God bless ❤

@peerlessstrategies 5 ай бұрын

Wow. You guys are blowing my mind! Gosh, I have so much to learn 🥹

@marklenz6915 Жыл бұрын

Phenomenal Content!

@catiz2718 Жыл бұрын

That is so true we don't like to buy with credit or bank! I had worked with some that payed them houses in cash, and some of my family members pay their cars with cash too

@justduder2142 Жыл бұрын

I learn so much from these two

@unbreakablerogue Жыл бұрын

HI BEN !!!! CAMERA BAD ASS!!!

@mikecraig7664 Жыл бұрын

Thank you guys so much for the knowledge. Taking it all in and putting it to work soon. That way I have some cash to get into a mentorship. Let's go!

@stevecuellar4805 Күн бұрын

this is amazing!!!! thanks you guys, I'm just getting into the game and I'm about to go look at a property that's not on the market that needs a lot of updates inside and now I'm wondering how I should purchase this property. if I buy it from the owner, then I turn around fix it and finance it to someone else with interest rate and higher monthly payment. wish I can talk to one of you personally for some advice, its my first deal

@FlippingMastery Күн бұрын

Fasttrackwithjerry.com

@RJ4Loans Жыл бұрын

Great information, thank you for all you do.

@DENISEDEIFT Жыл бұрын

thank you so much guys ! this is epic

@Abdul_Al-azeem_Ali Жыл бұрын

Are you traveling from Puerto Rico 🇵🇷 to mane this show jerry?

@FlippingMastery Жыл бұрын

Yes!

@Lets-Get-Creative Жыл бұрын

Pace is super human

@Cadillacplug 10 ай бұрын

Thank you for all the information!

@panhandlehomehunter Жыл бұрын

Thank you 😊 thank you

@IsaiJesseVarelaurtexasrealtor Жыл бұрын

Great quality video 👍👍👍

@ronmcconnell1609 Жыл бұрын

Please give us more on wraps 31:44 ❤

@dustinsteim5612 10 ай бұрын

These videos are great!!!

@Joel_lopez Жыл бұрын

Show me the wrapping paper!! More wraps! 👏🏼👏🏼 🔥

@mariogonzalezrealestate 11 ай бұрын

31:38 min Ben. You're the man!

@williamgoodlett4938 Жыл бұрын

land contracts are not taught in a traditional realtor class. Possibly in commercial real estate class.

@PaceMorby Жыл бұрын

Yes they are. I also went and got licensed. It’s just the part most people don’t learn well because the teacher doesn’t hammer home because they don’t want to take the time

@scientificapproach6578 Жыл бұрын

At minute 4:05 I don't understand the illegal aspect of your example. Is it because you are borrowing from a hard money lender instead of Subject To the homes traditional financing? Briefly after you explained why a hard money loan does not make sense but not why it is illegal.

@FlippingMastery Жыл бұрын

You can’t wrap an interest only loan with an amortized loan

@michaeldickerson2873 Жыл бұрын

i would like step by step video's from finding property to cashing check using all these strategies.

@cwyrembelski 8 ай бұрын

Dos flippin geniuses!

@ReturnOfLight Жыл бұрын

7:02 I see, its an M&A (Mergers and Acquitions) of deals.

@cesarzumaetavalencia8643 Жыл бұрын

I just finished the playlist and you just posted part 11. Great Timing!

@TheRalleyne 8 ай бұрын

More Wrapping please!!!

@extra222love Жыл бұрын

Guys, you are real estate tigers 🐅 in human clothes 🙏🏻

@christahegedus332 Жыл бұрын

What is a subordination? What are your suggestions for qualifying a person for the wrap? What if the end buyer defaults/stops paying for the wrap? Lets do Wrap 2.0; 3.0 Thank you Tyler/Ben!

@belaad Жыл бұрын

Wrap deals on whiteboard please! I understand it as buying a loan(subto?) then turning around and reselling it at a higher rate.

@user-zk3un6qb9b 10 ай бұрын

QUESTION: Who/ how do you merge the loans, paperwork-wise? Does the title company do it? The servicing company? You? How? Thank you!!

@jennifersilletto179 Жыл бұрын

Subordination - taking a lessor rank, position. This occurs when people are refinancing, having 2 loans, 80/20. Lien positions determine who gets paid first in the case of a foreclosure or payoff. A homeowner have 2 loans, 80/20. They want to refinance their 1st loan to get a lower interest rate with a new bank. The new bank will pay off the old bank with the 80% loan but keep their 20% loan because it's interest only line of equity loan. The 20% lender will move up to 1st lien position. However, the new bank loaning the 80% wants to be in 1st lien position. So the 20% lender will have to agree and subordinate.