Join Pace Morby at Mountain View RV Resort in Montana as he shares the incredible story of how he bought this RV park using creative finance methods (not subject to or seller finance). This deal is a job killer-it cash flows so much it can replace any corporate job out there!
In this video, Pace dives deep into the creative BRRRR strategy he used to acquire the property without using his credit, going to a bank, or spending any of his own money. Instead, he brought in $1.4M in cash from his SubTo community members. Discover the ins and outs of the negotiation process, why the seller decided to sell, and how Pace structured this unique deal.
Pace explains the management style for the RV park and breaks down the numbers behind the deal, revealing a net cash flow of $70k-$80k in the first year and around $150k annually after operations smooth out. He also shares where he found the deal-at a community meetup-and emphasizes why attending meetups is crucial for your real estate business. Additionally, he offers tips for negotiating with agents, brokers, and private money lenders.
During the Q&A session, Pace answers questions about mitigating slow periods, long-term and short-term marketing, workers’ camps, and value-add opportunities. He also discusses his vision for reinvesting in his parks to create a historic brand in Montana.
Don’t miss out on these valuable insights! Like, subscribe, and leave your questions in the comments below. Let’s get creative and start getting real estate deals so you can quit your corporate jobs!
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Chapters:
0:00 - Intro
0:59 - How I Bought This Deal
3:14 - RV Park Maintenance
4:42 - Cash Flow
5:38 - Where Did We Find the Deal?
7:05 - Structuring Lenders
7:40 - Long-Term Rents
9:36 - Future Goals
10:16 - Value-Add
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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.