In the first part of this new series, Pace Morby emphasizes a crucial lesson in real estate investing: time kills all deals, but creative finance saves all deals. Pace gets on the phone LIVE with a seller wanting to save her failing Airbnb! This video delves into the importance of acting quickly, yet cautiously in the fast-paced world of creative finance real estate investing.
Pace outlines the various ways he acquires deals, whether through the SubTo community, his acquisition department focused on larger multifamily properties, or his SubTo Fund asset manager. This topic is how the reasons behind the seller calling him begins. The seller is someone who got his number through KZfaq.
Pace gets the seller on the phone. She wants to sell her house to Pace. Despite her initial interest, Pace realized he wasn’t the right fit for her situation. He explains why sellers usually choose him, focusing on the buyer's market and expired listings. He breaks down "subject to" deals, showing how he can make payments without high-interest bank loans.
Pace’s main business model involves stepping in after agents fail to sell a house. As he is not an agent, if a seller wants a high price, they usually prefer to sell to a family rather than an investor. Pace broke down the concept of "subject to" in simple terms, showing how he can make payments to the seller without resorting to a bank loan and its high interest rates.
They discussed how traditional selling often incurs high costs for sellers. With Pace’s approach, sellers get the number they want while giving him terms, meaning the ability to make payments over time. There’s no limit to what creative finance can do-deals can be structured in various ways. The seller inquired about getting more money through creative finance, and Pace walked her through different hypothetical scenarios and timelines for cash flowing the property.
They also talked about why Airbnb isn’t ideal in Phoenix due to market volatility and hot summers. Pace introduced her to PadSplit and explained how it works. They discussed the value of the SubTo community and its frequent meetups. When Pace asked why she didn’t want to list with an agent, she revealed more about her financial struggles. He explained how creative finance could benefit her future loan prospects and explored the possibility of a partnership so she could stay in on the cash flow.
The next video will feature Pace going on an appointment with her and recording the entire experience. Don't miss it! Like, subscribe, and join the journey to beating all competition in real estate.
► KILL ALL AIRBNB COMPETITION WITH PADSPLIT:
splityourpad.com/
► Join The Subto Community & Learn Creative Finance Directly from Pace: ✌🏼
joinpacescommunity.com/
► Learn How to Make Money on Other People's Deals - LIVE Training this Saturday:
joingatortribe.com/yt
► Join Our Free Facebook Group to Connect with Pace and his Students:
paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
jointoptiercommunity.com/
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
getcreativepodcast.com/
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Instagram: / pacemorby
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Chapters:
0:00 - Intro
1:05 - Ways I Buy Deals
2:18 - On the Phone With Seller
3:59 - Numbers on the House
4:38 - What’s Going to Happen With an Agent
6:11 - Selling to an Investor
7:17 - Selling With an Agent
8:13 - Selling With Pace
8:59 - Why Not List With an Agent?
9:29 - The Truth Comes Out
10:28 - Real Estate Agents Only Know One Option
11:51 - Traditional Real Estate SUCKS
13:37 - Partnering With Seller on the House
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
Pace is 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.