How to Get Your First Real Estate Deal: Strategies, Markets, and Opportunities

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Pace Morby

Pace Morby

Күн бұрын

New to real estate? Watch now for a step-by-step breakdown of buying and holding properties for long-term wealth generation. Learn how to kickstart your Subto journey with my expert advice. Discover the right strategy for your first deal, choose the ideal market, set up an LLC, and find money making opportunities. Explore all the creative financing options, down payment strategies and find out if cash flow even matters!
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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: 54
@aparadaeessa
@aparadaeessa Жыл бұрын
“You don’t come to KZfaq to learn. KZfaq is for entertainment” 🤣 makes sense tho
@emanueljimenez8649
@emanueljimenez8649 Жыл бұрын
I’m from California. I’ve been watching and learning from the Subto content for about two months. I’d love to get together with a successful Subto student. I’m in Orange County. Would someone point me to a Subto student I can meet up? Thank you Pace… I know already this is the start of something amazing for me and my family.
@geraldcliver1496
@geraldcliver1496 Жыл бұрын
I just used Prime to set up my LLC and Pace is absolutely right about them.
@paparuda1968
@paparuda1968 Жыл бұрын
Sweet! Thank you for sharing this one! Thank you Pace team!
@leonardrano4066
@leonardrano4066 Жыл бұрын
Thank you pace tons of information really appreciate straight-to-the-point answers short and sweet.
@nandingpanelo
@nandingpanelo Жыл бұрын
Nice thanks Pace and community I learn a lot
@daltonevans8442
@daltonevans8442 Жыл бұрын
Loved this video! Very good questions too
@cesarmartin111
@cesarmartin111 Жыл бұрын
Amazing training in just a short video.
@mmcgartland2095
@mmcgartland2095 Жыл бұрын
I do learn. I write down keywords and phrases and research into meanings as terms of real estate. I want to set the curve of class.
@Travmatic69
@Travmatic69 Жыл бұрын
love the value and breakdowns!
@PaceMorby
@PaceMorby Жыл бұрын
Have you looked at the Elephant Challenge yet? It is next week.. pacejmorby.com/invite
@101realtor
@101realtor Жыл бұрын
Bought three deals in Cali?!?! Changing those rules Pace lol I’d love to hear about those.
@RobertHasty
@RobertHasty 11 ай бұрын
Pace is awesome
@kookie713monsta
@kookie713monsta Жыл бұрын
Found out about you just today and wish I saw this 4 days ago, because I would’ve pulled up!!
@mmcgartland2095
@mmcgartland2095 Жыл бұрын
Thanks for beginning class.
@PaceMorby
@PaceMorby Жыл бұрын
Any time. I have the Elephant Challenge coming up, and consider the free Facebook group. www.pacejmorby.com/invite Facebook.com/groups/creativefinancewithpacemorby
@monkeyfinger7949
@monkeyfinger7949 2 күн бұрын
More great, real world content with the numbers and strategies. But we know there is a down side risk to break even deals, right? There is no margin for maintenance, vacancy, and possible rental price deflation (market shock), right?
@h.h.universe
@h.h.universe Жыл бұрын
lol, the sorry middle finger cracks me up
@elynzhou7694
@elynzhou7694 Жыл бұрын
Lots of great insignt. Can i use property depreciation on primary residence or only investment property.
@jasonmcbride3226
@jasonmcbride3226 Жыл бұрын
Do these same strategies work or are they legal in Canada?
@cesarmartin111
@cesarmartin111 Жыл бұрын
Pace when are you coming to Reno Nevada please
@S_TechSocial
@S_TechSocial Жыл бұрын
Awesome video with tremendous value as always Pace! Do you have a specific email or contact point? Thank you 🙏
@ab-qn7kv
@ab-qn7kv Жыл бұрын
Does a (sub-to) deal affect the sellers debt to income ratio for future mortgages. If so, is there a work around to ease those concerns when pitching the idea to a seller. Thanks
@JoeGlascockJr
@JoeGlascockJr Жыл бұрын
Proof that you're making the payments will take 75% off dti and after 1 yr 100% of the debt will be deducted.
@alexisortega7554
@alexisortega7554 Жыл бұрын
From what I’ve learned, as long as you are servicing the payments to the seller’s mortgage through a third party agency company, it wouldn’t affect sellers dti
@tylerporter8001
@tylerporter8001 Жыл бұрын
I’m also looking for the answer to this. Fannie Mae guidelines DO allow for this, but the buyer has to be obligated on the debt. Section B3-6-05. Someone help
@JoeGlascockJr
@JoeGlascockJr Жыл бұрын
@@tylerporter8001 sounds like an assumption. Its no different really than showing proof of servicing that a tenant is paying your mortgage through rent.
@ab-qn7kv
@ab-qn7kv Жыл бұрын
@@tylerporter8001 I found it. Pace made a video pertaining to debt to income. kzfaq.info7aUmPCmGc74?feature=share
@lindavista1000
@lindavista1000 Жыл бұрын
If working with you on subto deals do I need to have a LLC and bank account?
@sl2427
@sl2427 Жыл бұрын
😮wow
@PaceMorby
@PaceMorby Жыл бұрын
I have the Elephant Challenge coming up, and consider the free Facebook group. www.pacejmorby.com/invite Facebook.com/groups/creativefinancewithpacemorby
@sl2427
@sl2427 Жыл бұрын
Buy and hold
@PaceMorby
@PaceMorby Жыл бұрын
I have the Elephant Challenge coming up, and consider the free Facebook group. www.pacejmorby.com/invite Facebook.com/groups/creativefinancewithpacemorby
@MrGeekedUpp
@MrGeekedUpp Жыл бұрын
Im In Tampa Fl and I want to be the boots on the ground looking for properties, how can I start
@holdenhassell225
@holdenhassell225 Жыл бұрын
You still have that deal in Allen TX?
@whatskevindoing
@whatskevindoing Жыл бұрын
So is the only way to become part of the community (besides Facebook) to pay for the $8000 course?
@yessical6514
@yessical6514 Жыл бұрын
Hi I'm paying for course but because I have a full time job you could come work for me
@glacierdiamonds5723
@glacierdiamonds5723 Жыл бұрын
Worth every penny I got the course in 2020 I would charge more if it was me. Ppl pay 100k for 4yrs of college and still broke
@PaceMorby
@PaceMorby Жыл бұрын
@@glacierdiamonds5723 Exactly!!!
@whatskevindoing
@whatskevindoing Жыл бұрын
@@yessical6514 Let's talk about that. I work from home as a mortgage lender and have time to invest in this as well.
@0223Jeremy
@0223Jeremy Жыл бұрын
@@yessical6514I own a moving company. Love real estate. Located in mid west
@franciscopichardo1312
@franciscopichardo1312 Жыл бұрын
Wish it was in New Jersey
@yessical6514
@yessical6514 Жыл бұрын
Hi you could do from anywhere come learn from me
@PaceMorby
@PaceMorby Жыл бұрын
Im coming in New Jersey right now!
@davidpeterson519
@davidpeterson519 Жыл бұрын
I have a question I live in Texas and I have studied realestate years ago on creative finance i learned the stragety of subject 2 but never did a subject 2 i use to buy forcloser from banks leveraging the bank 100% and in 2012 lost everything do you offer a way to get into your network. I can do Break down good deal from bad and have a roofing company and construction background but I have not doneany realestate since 2012 and dont have any connections or know all proper paper work to make deal.go thru.I now not able to walk due to major leg injury in 2021.I guess what I asking I would like to learn paper work or be in touch with the right attorney for proper doc to close subject 2 deals and network.If you where in my situation.How would you tackle if you where in my situation.Working in your built community with my limitations but knowledge that will.need to be refocues and or retrained.I like to talk with you share my story as well as learn from you because I have always love the starategy but paperwork was the problem for me and of courst deal and access to money.
@sl2427
@sl2427 Жыл бұрын
❤👍
@PaceMorby
@PaceMorby Жыл бұрын
I have the Elephant Challenge coming up, and consider the free Facebook group. www.pacejmorby.com/invite Facebook.com/groups/creativefinancewithpacemorby
@wenben30
@wenben30 Жыл бұрын
Where can we get 5% loans, these days?
@mslo7118
@mslo7118 Жыл бұрын
I'm 4 months in still looking to connect to get my first deal.
@VeronicaGrimes_tc
@VeronicaGrimes_tc 10 ай бұрын
Hey!@mslo7118 How areyou? Are you buying substo deals? ?I am a tc, let me know how can I apply.
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