In the second part of the seller knockout series, Pace Morby meets Sherrilyn, the seller at her property to discuss her options. He emphasizes a crucial point: agents usually offer just one option - to sell traditionally and pay all the fees. Creative finance, however, provides multiple and often better options.
Pace reviews local comps and introduces the "seller net sheet," which outlines where all the money goes and what the payments will look like. Sherrilyn shares her frustrations with her agent's lack of effort. Pace offers advice on working with agents and what to ask for to avoid similar issues in the future.
Pace breaks down the costs and net proceeds if Sherrilyn works with an agent, highlighting what agents often don't disclose. He then explains the benefits of choosing a creative finance route with him, detailing how he would maximize the property's cash flow using a PadSplit (rent by the room) strategy.
They discuss various options: selling traditionally through an agent, selling to Pace for immediate cash plus more money over time, or partnering with Pace for ongoing returns without management hassles. He advises Sherrilyn to consult a real estate attorney to ensure she understands the deal fully. It’s important to note that Pace encourages her to ask about the reasons she SHOULDN’T sign this deal.
Pace instructs Sherrilyn to discuss everything with her agent and then decide which option makes the most sense for her. The third video in this series will follow up on Sherrilyn’s decision. Like, comment, and subscribe so you don’t miss a thing!
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Chapters:
0:00 - Intro
0:22 - Seller Net Sheet
1:19 - Option #1
3:55 - Option #2
7:47 - Option #3
13:55 - Option #4
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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.