Lease Options in Real Estate - Masterclass Video 7 w/ Pace Morby

Рет қаралды 44,180

Жыл бұрын

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: 93

@PaceMorby 5 ай бұрын

Literally just sent an agent to this video on a deal that Im working on. THANK GOODNESS we made this video.

@FlippingMastery 5 ай бұрын

Flipping genius!

@Mark.Monroe 2 ай бұрын

Love it Been doing lease option over 25yrs, 450 Million. LO is cheap way to get into assets

@kylecaudill9261 Жыл бұрын

I started learned about this stuff 2 days ago and I'm already trying to get an agent to sit and negotiate a three-unit multi-family deal. I was in the process of using a VA loan but if I can use create a finance instead it's going to save a lot of headache and a lot of money and open up a lot of doors. The amount of value and how easy the stuff is to apply is just crazy.

@robertruschak7083 Жыл бұрын

Great 👍🏿 Did you pick up the 3 unit , get favorable terms and working with a great agent ? My investor clients want to buy over 500 units

@bryanfrye8770 Жыл бұрын

Did you get the deal?

@zulubeatsprince 7 ай бұрын

How did it go?

@johnnyb33good21 6 ай бұрын

I have used my VA home loan three times to purchase 4plex's And I have used FHA loan one-time for a fourplex. Take advantage of those loan programs and then on the side use create a financing. Don't let those low down home loan programs go to waste I have 45 multi-family units in the Phoenix Metro of Arizona. Net worth of 3 million. use all tools available to purchase property and hold on to it

@99kUp Жыл бұрын

It’s starting to click like I woke up and took the red pill, I could shed some tears 🥲 appreciate you guys

@Rissalouise 5 ай бұрын

Check out rental listings, and find one willing to do a lease option and wholesale that? That’s great! Just blew my mind a little bit. 👍 how did I not catch that the first time I watched this video? Thank you for that, and all the other amazing content over the years. The value is beyond just numbers on paper or a screen.

@snorttroll4379 4 ай бұрын

Explain more

@josephlara943 Жыл бұрын

This whole series is so great! Pace really explains these strategies well. You guys are the best!

@robertruschak7083 Жыл бұрын

Option fees are non-refundable ✔️ 2 year option ✔️ Good options

@themrjameswhitejr1386 5 ай бұрын

239 in the house! Options and lease options are my two favorite videos.

@allanbakker5214 Жыл бұрын

This series is Flippin awesome. I was literally churning the brain on how to navigate some of the same situations you mentioned

@Travmatic69 Жыл бұрын

I need to watch all of these videos multiple times!

@marktvandyke Жыл бұрын

Two of the Best in the Business Here! Pace & Jerry Rock!

@Robert_English Жыл бұрын

Just keeps getting better and better. Thank you both!

@sharonj7978 Жыл бұрын

This is good guys! Much appreciation! Jerry you showed your heart in this one! The goal is to position the buyer to be able to actually buy the property. Love this!

@diegosantiesteban9912 Жыл бұрын

This play list of creative finance by pace hands down is the best…the way he broke it down hands down has made me look at finances different….thank u pace and flip man 🔥🔥👏👏💪🫡

@JosePerez-pn3ke Жыл бұрын

this series is so awesome, thanks Gents!!

@SunniSide1 Жыл бұрын

Again, so easily digestible, clear and concise ! Thank you! 🙏🏽

@LaTeisha37 Жыл бұрын

Thank you for this!! This is soooo valuable! ❤

@marinarbekka Жыл бұрын

Love the whole series

@bossladiesofhoustonllc7240 Жыл бұрын

This whole series content is price less, you both are the bomb 💣💯

@Hoseasmith1 Жыл бұрын

Finished watching the 7th video and plus I built a little confidents a long the way. Can't wait for the novations, this is so exciting !!!

@kathykimble3881 Жыл бұрын

Love you both! So much fantastic info!!

@wendyclark387 Жыл бұрын

This series is so, so helpful and amazing with So Much information! I wish I could have a "plug and play" software program for my brain that would be able to execute these different strategies instantly when talking with a potential seller...but then again, that comes with time and practice! Lol! Thank you guys for the wealth of extremely helpful information you are so generously sharing with us all! I am so appreciative!

@dadgrad2011 7 ай бұрын

This info is GOLD!! Thank you Pace and Jerry!!

@nurmeirambek4786 6 ай бұрын

Best, best, and the best. Changing thousands of lives. Wish All the best for flipping geniuses

@user-zk3un6qb9b 11 ай бұрын

Both of you, flipping geniuses, the most generous of men. Thank you for sharing your knowledge. You are changing and affecting thousands of lives. 👏👏👏👏

@rudycny 11 ай бұрын

Lease Option ...advertise that you have Rent to Own and you have line of buyers mile long... I replay each video by Pace and Jerry...least 3 times.. And I will always find new material.. Love story Porto Rico Hotel...woow what creative finance... Need white board or two!! Dale

@kaleelwatts2433 9 ай бұрын

Hi advertise it where?

@hopechevalier8709 Жыл бұрын

You two together sharing the nuggets, how delicious! Thanks so much 🙏

@martinedwards7607 Жыл бұрын

I love this, guys. You guys are flipping genius. 😊 👏🏾

@miguelochoa4210 Жыл бұрын

You guys are flipping geniuses!!

@dustinsteim5612 11 ай бұрын

Love this series 💪

@estherrosenberg815 Жыл бұрын

Thank you for sharing!

@shontelsimmons7240 Жыл бұрын

OMG I have learned so much, thank you!

@Kerstin_Morey 8 ай бұрын

Love it guys! I've been learning so much about creative financing with Greg Pinneo and it's good to hear other people explain it too. I've been working on simple ways to explain to sellers. Love all the input thanks!

@trejhvionhaynes2335 Жыл бұрын

Awesome content !!!

@dappster Жыл бұрын

Thanks guys!!!!

@ramseygilmore4763 Жыл бұрын

jerry, youre a fricking flipping genius

@dustinsteim5612 11 ай бұрын

You guys are awesome thank you for all you do💪

@budgetprepper7863 Жыл бұрын

Thank you. Ya’ll are awesome

@heinrih92 Жыл бұрын

wow this is amazing

@jakeselada1772 Жыл бұрын

great series

@asdfsdfdfsfs958 Жыл бұрын

Hey Jerry! Absolutely love your channel, you're doing a great job helping people! There's one thing I'm wondering about and I haven't seen you talk about this. How do you feel about making offers right on Redfin by simply pressing the button "Start an offer" and then filling out the form? Is this a viable way to make offers? It's much less time consuming than calling agents so it got me intrested. Thank you for what you're doing again!

@o.smallwood4268 Жыл бұрын

Very interesting lease option tactics, thank you

@TRURastadred Жыл бұрын

I genuinely appreciate both of you guys. Do I need an attorney to structure sand which lease options?

@ramseygilmore4763 Жыл бұрын

i love you guys, you all are my illegitimate brothers

@cwyrembelski 8 ай бұрын

Dos flippin geniuses!

@MegaAngel307 11 ай бұрын

I do lease options all day. But we take care the buyers also helping them structure financing

@joaquinperez4923 11 ай бұрын

Great video, have you ever combined a master lease and an option agreement? I feel like I could cash flow and double close at a later time?

@joandonnelly8595 Жыл бұрын

Nice that you said I don't want to set people up to fail. People that are just wanting the option fee and NEXT are like house repo people.

@moofinestic Жыл бұрын

Thank you! These videos are so very helpful. These videos popped and I went down a rabbit hole. A deal fell into my lap and I dont know how to put it together. It's my first deal . It is a hybrid, sub to with an open HELOC and seller financing. Can I get some help with structuring this deal? I dont know what to do with the HELOC. Any information is good information.

@darrendebarros7667 Жыл бұрын

your a flipping genius

@michaelanderson9903 Жыл бұрын

jerry and pace my question is what's too much equity? when it passes $150,000 in equity and the seller has a mortgage on the single family should sub 2, creative finance, or lease option should be considered

@marcusaj9131 Жыл бұрын

Question: How do you structure your assignment fee? I believe you mentioned that it can be collected in the "option-fee", but how do you separate the funds being demanded of the property owner & your desired assignment price?

@yolimonty4898 9 ай бұрын

AMAZING GRACIAS GENTLEMAN

@dustongladfelter1153 Жыл бұрын

With my LO we did a set price OR the appraised value WHICHEVER IS HIGHER.

@marinarbekka Жыл бұрын

Subto student haven't gotten my first deal. So these I can sent to agents so they can present to agent.

@gagemarshall1635 Жыл бұрын

I'm very confused in the example that you gave you said that your friend just pocketed the option fee and passed the lease option over to a buy and hold investor to take on a cash flowing property. If he pocketed it how does the seller get their option fee??

@artventurespro Жыл бұрын

💪🏽💪🏽💪🏽💪🏽💪🏽

@albertgarcia7946 Жыл бұрын

You can put yourself in the chain of title with an Affidavit or a memorandum and force the seller to sell. That's your protection. Controlling property is the name of the game. Also, seller who holds title pays Prop ta es and insurance!

@AlvinTan-ph6xc 8 ай бұрын

Question: what happens if youre the buyer who committed to a 5 yr lease option and decide to execute to purchase the property on year 5, but the seller is not willing to seller finance/sub2? as the buyer, did they just commit 5 years just to hear that the seller only wants cash only? To protect yourself, would you negotiate creative financing for the execution date prior to signing the lease option agreement? bc the point of this is to buy the property with good terms. I wouldn't want to end up going thru a hard money lender or bank after committing 5 year lease option

@MasonMcManus-sn3km 7 ай бұрын

You both agree on the purchase method before signing the lease option. So you would come up with the seller finance terms and put it in writing on the lease option agreement.

@sarmalonebaby Жыл бұрын

You both have created so much valuable information with these videos!! I'm so Greatful!!🙏🫶💕

@jeremybertus4511 Жыл бұрын

How about contracts/documents for all of these strategies?

@loganolsthoorn1490 Жыл бұрын

Hey Jerry, is it possible to wholesale virtually in the united states from Canada?

@FlippingMastery Жыл бұрын

For sure! My10kcheck.com

@drerozay5402 Жыл бұрын

❤❤❤❤❤

@lillygenevieveolabre6254 Жыл бұрын

Where do you find tenants who wants to do these lease options?

@Robert_English Жыл бұрын

Jerry, are you still doing the finders fee for on market wholesale deals, or are you switching to creative finance?

@FlippingMastery Жыл бұрын

still buying deals. don't care how you get it. my10kcheck.com

@Robert_English Жыл бұрын

Thank you. I hope to meet you in San Antonio at the grow summit in a couple weeks. !

@LEMDROPS Жыл бұрын

These videos are making feel like I can do this, so much so I’m calling realtors and trying out the techniques. This maybe dangerous for me. I may stumble onto a deal without fully knowing what I’m doing. 😅

@user-cn6lg2ws8k Жыл бұрын

so i can assign a lease option today and make $5000. But if I have to pay the seller an option fee, which could be as much as $7500, where is the benefit there? (is the option fee mandatory, or only if the seller asks for $) And when you say i can assign it, I assume you mean I can find a tenant/buyer for the house, correct? someone to actually live in the property and hold the option to buy at a price I have already negotiated for them.

@martinyates3443 10 ай бұрын

A flipping flipping genius. Lol

@Bentam64 Жыл бұрын

Everybody subscribe and like, this is such incredible content

@albertceballos1716 Жыл бұрын

Would you recommend Lease Options for first time Real Estate Investors??

@harryneuhoff9115 Жыл бұрын

Is it 6% times 5? Isn’t the 6% compounded annually?

@davidnavarrete4510 Жыл бұрын

This one was probably the most confusing of the bunch.

@lasttake3820 Жыл бұрын

🤠🤠

@JamesSchultz241 Жыл бұрын

Your a flipping genius but if you try to sell with a lease option and land contract and your the buyer on those it’s a nightmare if the end buyer has a lender real magic has to happen In order for me to get them approved the transaction

@charlesbenjamin588 10 ай бұрын

Thanks, you both are great teachers!

@dialprospect Жыл бұрын

Maybe I am confused $200k-$260k over 5 years would work in an appreciating market, and the buyer and seller would both need to agree that, yes the market will continue to increase; however, in today's market we cannot look into the future with too much certainty of appreciating markets. Right? There will definitely be depreciation due to the interest rate increases.

@bobdees6428 8 ай бұрын

dialprospect ; you should be confused all of this is built on speculation, I know a few people who have become rich in real. So I asked 1 of them about all this stuff , they said it wasn’t sound and they couldn’t name 1 lender that would allow it . Just a different point of view

@midastouch7773 Жыл бұрын

Lease Option w Air B&B Combo would be Lethal. Sheeeeez

@airesources Жыл бұрын

You know what...I am finally FED UP and 100% done with these property coaches...the biggest problem is these coaches expects you "AS A SIMPLE BROKER" between the owner who wants to have an exit....who most time think " why the hell am I dealing with a wholesaler who claims to assign a contract...YET treats the owner with a myriad of questions SAME AS A ESTATE AGENT" These coaches are NOT clearly understanding that we who CAN FIND property owners who GENUINELY want to sell to a private investors Why can't a broker albeit a single parent who can find owners happy to TALK TO A PRIVATE INVESTOR... Why can't we be happy to SELL THAT CONTRACT to the private investor for a happy £2,000 instead of acting as a estate agent and sell the contract for £5,000+£10,000+ None of you property coaches understand that the BIGGEST thing that puts off people is saying that you are not an estate agent YET expect us to do the after repair value AS IF YOU'RE AN ESTATE AGENT??? I'm focusing on AI and marketing and building a digital centered business...not ONE so called property coach can ever answer that question, it's a horrible business to think about doing 🤷🏽‍♂️🙄😒 As a matter of fact I'd challenge these so called coaches that i follow their instructions, I'd sign a non disclosure agreement not to share the coaching, get two a lease options agreement and pay the coach ALL THE MONEY *in exchange for their extra coaching" ..why? Because LEASE OPTIONS is NOT an accessible business for people who just want to lead opportunities to a private investor and not act as if I'm an estate agent working through an after repair value and WE have to determine if it's a HMO, SA, etc... IT'S LUDICROUS