Creative LLC Strategies | Masterclass Video 13 w/ Pace Morby

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Creative LLC Strategies | Masterclass Video 13 w/ Pace Morby

Рет қаралды 20,940

Күн бұрын

How do you use LLC's in 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: 89

@DesirableLibra777 2 ай бұрын

Thank you Jerry & Pace!!! 🤲🏽🌞

@blancaash8807 Жыл бұрын

Pace you are definitely slouching more. I love how engaged Jerry is. His mind is always so open.

@WhatMinecraftVids Жыл бұрын

Jerry! You are a flipping maniac! Wholesaling the same house twice is really something!

@snorttroll4379 4 ай бұрын

What does that mean? Sell to an investor?

@jesusrojas-ui5vl 11 ай бұрын

I didn’t notice any slouching you could be laying down all I care. You guys are killing it with the information and content your providing! 💯 absolute 🔥

@dustongladfelter1153 Жыл бұрын

29 minutes in is CLUTCH! I'm using this to protect myself in a loan sponsorship. If my partner doesn't refi and pay me in 60 days the LLC is all mine.

@eddiecaballero6441 17 күн бұрын

Thank you Guys

@user-cn6lg2ws8k Жыл бұрын

thanks Pace

@eddyclavijo6993 7 ай бұрын

Thank you so much kings

@OG__Geek Жыл бұрын

You’re both flipping geniuses; you have earned the right to slouch! 😂

@drdrew2416 8 ай бұрын

Thank you Pace!🎉😂

@rudycny 10 ай бұрын

Wonderful even tho I been repeating my self...! I'm Sure others are asking...the LLC are dynamite...and very very useful... Can we have a big Part 2 on more creative ways to use LLCs?? Super Duo...non stop best of Breed!

@GilbertoAlicea Жыл бұрын

I can’t get in off of this guys you guys are freaking genius I wanted to know this information so bad thank you

@djkotchuck3692 9 ай бұрын

Loved this video!! I now have a new perspective of LLC's. Thank you so much Jerry and Pace!!!

@taarekmaalouf5692 Жыл бұрын

This was amazing information! Can’t wait to become financially free so i can provide and leave a new footprint for the world to fall back on!

@dustinsteim5612 Жыл бұрын

You guys are crazy good at explaining the principles 👍

@gravityhurts7713 11 ай бұрын

These guys are so knowledgeable. Thanks for giving so much value to us!

@blockchainslim7159 Жыл бұрын

Think You Pace and Jerry for these videos they are truly full of knowledge and investors and wholesalers will watch this videos series over and over for year's Think You

@njreno1 10 ай бұрын

This subject has taken me into a deep diving adventure on Creative Financing. Getting myself started by creating an LLC and securing that bank account. Thanks for all the advice.

@cwyrembelski 9 ай бұрын

Dos Flippin Genii

@jessealfonzo6032 Жыл бұрын

Another 🔥 Masterclass! Thank you both!!!

@kentrellbailey4155 Жыл бұрын

Your amazing jerry thank you 🙏🏽

@soaring8467 Жыл бұрын

How long does it take to create the llc and does it impact the closing timeline at all since the terms have to be written and approved in operating agreement with the buyer? Can you elaborate on the “transfer” of llc after closing process? Learned so much for this, even how you can structure with investors while protecting yourself. Thanks for sharing this!

@catalinalee1 Жыл бұрын

Amazing!

@tyronebarajas903 Жыл бұрын

So glad I got to see this early! Thank you guys for everything.

@blancaash8807 Жыл бұрын

You guys are Awesome 😄

@lettherebelight6910 Жыл бұрын

⭐️Next IDEA 💡 Hey Jerry thank you 🙏 for the content You and Pace put out. Such powerful and informative conversations really changing the business and people life’s. I heard Trusts are another option to an LLC, probably more expensive to set up then an LLC but maybe still an option for investors. Have you and Pace used Grantor trusts before? If so, perhaps another video in series could be the Creative ways of using a Trust! Thank you 🙏 for all that you do! God Bless

@futurewolffilms607 Жыл бұрын

This was the moment I realized, I'm thinking WAY too small.

@terrilvanhemert Жыл бұрын

Yes to this!

@srfpunk8207 Жыл бұрын

Thank you Jerry and Pace

@deanhettig1920 Жыл бұрын

This whole video just explained how government regulations are completely USELESS! Because there’s always a way around it

@terrilvanhemert Жыл бұрын

So true! Use the tools that the wealthy use! 🔥🐊

@johnsavchak8202 Жыл бұрын

Pace... about Dave Ramsey...he used to be in real estate and leveraged out the ass. Market turned and tore his arse out...and obviously he hasn't mentally, emotionally, and spiritually recovered. He's found his niche tho...

@mikejames86 Жыл бұрын

How to find private capital. The person who controls the gold rules. Is prop wire, MLS, Privy, the best way to find buyers when you’re getting started?

@terrilvanhemert Жыл бұрын

Those can be great tools to use. Figure out the area where you want to wholesale. Use a tool like privy to locate the high areas of cash buyers. Reach out to the cash buyers and find out their buy box. Also ways start with the buyer first, and then find properties that they want to buy. This way you are not stressing once you get a property under contract. And if you need help finding buyers, happy to help. 🔥🐊

@izphilly1 Жыл бұрын

Assignment of contracts are becoming illegal for investors .......then in that same breath , shouldn't mortgage companies who assign mortgage contracts to other mortgage companies also become illegal ?? What am I missing here ??

@SunniSide1 Жыл бұрын

Love the Dave Ramsey story! My mom is a die hard Ramsey fan. I told her "Momma listen, I'm trying to be a millionaire in THIS lifetime". I can not subscribe to this "debt free" logic.

@billyleeho3 Жыл бұрын

No Slouching here!! 🤯🫨💯

@AlexLukachina Жыл бұрын

You mentioned that You would create an LLC for a Flip, and then dissolve it. How then you transfer the profit? Do you transfer it to yourself and get a Tax hit? Or you structure that LLC to be a Subsidiary of another LLC?

@terrilvanhemert Жыл бұрын

Have you been able to get an answer to this? 🔥🐊

@wlgardner4233 Жыл бұрын

fantastic.

@IRockStyles Жыл бұрын

🔥🔥 Always Awesome 🔥🔥

@Shizzoshizzo Жыл бұрын

Chillaxing

@gregorylewis9442 Жыл бұрын

Come on with the money 💰 Pace and Jerry are making they need massage chairs with cup holders! Their king's 👍😍

@daltonevans8442 Жыл бұрын

Can you two please release a video with how to find private lenders? Where to find the best ones

@FlippingMastery Жыл бұрын

Coming soon

@terrilvanhemert Жыл бұрын

Private money lenders are all around us. And there are so many different types of private money lenders. You have people you might not have any interest in being 'in' real estate but they want to protect their money from inflation. Then you have private money lenders who want to provide the funds so that they can be 'in' the deal to understand how it works. These people want to get into real estate but need to see a deal done first. You also have to decide what you mean by private money lender. Do you need gap funding for a fix and flip? Do you need the majority of the purchase price funded... which you could then be looking for a hard money lender with a private money lender filling in the gap funding? In the end you first have to know 'who' you are looking for before you can know 'how' to find them. But if you need help finding a private money lender let me know. 🔥🐊

@WhatMinecraftVids Жыл бұрын

I can't believe Dave Ramsey said that to the contractor, that broke my heart

@pmartbrown Жыл бұрын

When you set up a LLC for multiple private lenders, do you need to set up a new bank account for the LLC to receive all funds and send out the capital for the deal?

@terrilvanhemert Жыл бұрын

Have you been able to get an answer to this? 🔥🐊

@thetoptier420 Жыл бұрын

Wow 40 llcs opened to wholesale in Illinois. Could you just use a trust and use trust agreement it’s same as operations agreement and trust is cheaper then Llc?? Could trusts work the same as Llc minus the limited liability protection?

@matthewtoeneboehn7784 Жыл бұрын

Do any of these methods such as sub2, seller finance or any of the above videos for acquisition/disposition require a wholesalers license or any kind of credential or can any Joe Smo buy/sell using these magic tricks? Thanks for the videos! Very informative!

@timjudd1502 Жыл бұрын

Question for you: do you recommend to set up the LLC in the state of the property location or do you set it up in a "more friendly" state such as Deleware? It is fairly expensive to set up and maintain a LLC in my state, I already have 2.

@dustongladfelter1153 Жыл бұрын

In the state of the property

@sashawithaB 11 ай бұрын

What about using a corporation to reduce the taxes on real estate transactions? How does that differ from using an LLC?

@fernandos_show Жыл бұрын

Can the link in the description be updated for the playlist, would like to see this.

@martinedwards7607 Жыл бұрын

What do you mean by selling the LLC to the end buyer Pace? 🤔

@vargasjohnson3277 Жыл бұрын

Jerry any free links to seller financing paperwork/subto paperwork? Just looked over your flipper kit has great value appreciate all that you do!

@FlippingMastery Жыл бұрын

Here you go! FREE Subject To Contract Pack flippingmastery.com/subyt Go Here to Get Full Service Closings (transactional coordinator): www.constantclose.com/flippingmastery *Once you enter your email, it’s automatically emailed to you. If you don’t see it, check your junk/spam folder in case your email provider put it there...If you still don’t see it, my team can help you out. Support@flippingmastery.com

@terrilvanhemert Жыл бұрын

@@FlippingMastery just downloaded the paperwork. Absolute gold in there! 🔥🐊

@jasunfrone9158 Жыл бұрын

If it’s clean what does trash then out mean to resell them? 9:29

@cmdv42 Жыл бұрын

🤯🙌✌

@DrizzyD670 10 ай бұрын

Do you ever use escrow for transferring LLC ownership? I would be wary as a buyer in this situation, especially with the boundless creativity of scammers in the world.

@mario2421 Жыл бұрын

Is this Morby method just getting more debt and then using that debt to cover repairs and stuff?

@williamhurndon7580 Жыл бұрын

Awesome video and content thanks Jerry and Pace.

@askelenaaboutrealestate 5 ай бұрын

If the seller is 2nd member of the LLC, will the due on sale clause apply in a sub-to deal?

@elitepartnerprograms Жыл бұрын

Hey Jerry I'm in Illinois and would like to start utilizing this strategy. I have 2 question: So I start an llc for the sole purpose of using it to wholesale a house, when I start the sole member llc, can that only be under my personal name or can it be another llc that is the member? And if it is only my personal name, then when I go to sell the llc to a buyer and I need to get paid my "assignment fee" does that have to be paid to my personal name or can it be an llc? My thought process on this is am I getting paid as personal or a business for tax purposes. Jerry you are a flipping genius!!!

@wendyclark387 Жыл бұрын

Don't turn red, just turn right. 😅

@visioninc517 Жыл бұрын

Question if you use a dscr loan do you have to use it on a property that's already cash flowing? Or they will essentially give you the loan based off what you can get in that area. In other words does the property have to be already performing 480 scr loan even be an option?

@wbrandon78 Жыл бұрын

How do you list the craigslist finder tool as "free" only to charge $1,000 for it at the end of the webinar?

@FlippingMastery Жыл бұрын

It is free! *Once you enter your email, it’s automatically emailed to you. If you don’t see it, check your junk/spam folder in case your email provider put it there...If you still don’t see it, my team can help you out. Support@flippingmastery.com

@elpapiangel3264 Жыл бұрын

I have another question about the 10k club so I wondering if I have to put them under contract or just finding houses and submitting as many as I can ?

@FlippingMastery Жыл бұрын

Under contract

@elpapiangel3264 Жыл бұрын

@@FlippingMastery hey jerry I have another question if I’m having a conversation with an agent should I tell them that my goal is to wholesale this and that I’m not a fix and flipper?

@elpapiangel3264 Жыл бұрын

Hey Jerry how does your 10k club works , I was wondering how fast I can get paid after submitting a property and how many properties can I submit in a month?

@snorttroll4379 4 ай бұрын

So wait. U put the house in a company amd then u pay the pwner for the shares over time?

@ikedinobi6345 Жыл бұрын

Thanks for this! How is propwire different from propstream? Sounds like they do the exact same thing. True or False?? Thank Jerry

@FlippingMastery Жыл бұрын

Propwire you get unlimited free searches and downloads for freeeeeee!

@bluemustang5002 Жыл бұрын

How do I get the free llc package? It wants me to buy flipster first.

@FlippingMastery Жыл бұрын

*Once you enter your email, it’s automatically emailed to you. If you don’t see it, check your junk/spam folder in case your email provider put it there...If you still don’t see it, my team can help you out. Support@flippingmastery.com

@eliphetecelestin3125 Жыл бұрын

Jerry I have been trying to make My payment since the 23rd but I'm unable to process it, but I want to start but having trouble please help...

@FlippingMastery Жыл бұрын

my team can help support@flippingmastery

@srfpunk8207 Жыл бұрын

I'll let you finish, but let me interrupt and throw off the viewers. Lol. Tough to keep track imo.. please finish the thought first please. Thank you guys for all your videos.