Location Is Everything | Seller Finance RV Park Cashflow

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Pace Morby

Pace Morby

11 ай бұрын

Today we join Pace Morby touring two RV parks outside of Whitefish, Montana and Glacier National Park. The RV parks are a seller finance deal with the seller hoping to leave the self-managed business because they don’t live near by. The beauty of real estate investing is the ability to execute all over the country. Pace explains, the plan with a property like this is to optimize processes to make it as efficient and profitable as possible.
These RV Parks are being purchased by using SubTo on the SBA loan and Seller Finance on the equity.
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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: 27
@Kingdomconsultinggroup
@Kingdomconsultinggroup 10 ай бұрын
Can we take a sec to appreciate that very quick and witty name from the camera man?
@DanKohan
@DanKohan 10 ай бұрын
I like how you're thinking about the people who will live there and trying to make their experience great. Keep sharing your adventures - they're fun and smart. Can't wait for part two!
@RobertHasty
@RobertHasty 10 ай бұрын
CONGRATS Pace, I'm 3rd week subto student. Been rving for 10 years and would love to get involved in this space eventually.
@PaceMorby
@PaceMorby 10 ай бұрын
Thanks for being here bro!
@ero-rei
@ero-rei 10 ай бұрын
As always great hearing how your brain works Pace, thanks for everything you and your team do
@vishalamin5017
@vishalamin5017 10 ай бұрын
This just blows my mind everytime.
@ColleenBarkerLow
@ColleenBarkerLow 10 ай бұрын
Awesome information
@c.joelummus8880
@c.joelummus8880 10 ай бұрын
THANKS !
@digisavants
@digisavants 10 ай бұрын
I love it
@katrinaquick8834
@katrinaquick8834 10 ай бұрын
@Michaelwentsomewhere
@Michaelwentsomewhere 10 ай бұрын
Dope
@chanelleee.
@chanelleee. 10 ай бұрын
I like the way Pace thinks
@mweiss1031
@mweiss1031 10 ай бұрын
The subtitle for this could read - Business Process 101. Love the chat at the end detailing the processes, the tools and the reasons behind them.
@samanthagaar1308
@samanthagaar1308 10 ай бұрын
So smart! We have traveled to many RV parks around the country, my husband travels for work, and the washers and dryers tend to be terrible!
@FlippingMastery
@FlippingMastery 10 ай бұрын
🔥🔥🔥🔥
@frankcreekmore5477
@frankcreekmore5477 10 ай бұрын
I was just in the kalispell area. Nice area and the people are super nice.
@digisavants
@digisavants 10 ай бұрын
Pace, I gonna find you a deal. Bro you are the truth
@the_Jordan_Reyes
@the_Jordan_Reyes 10 ай бұрын
That is the worst picture of me 😂I look depressed.
@PaceMorby
@PaceMorby 10 ай бұрын
Lets get some new ones bro! Ill be up there on October 1st.
@curtislewis2075
@curtislewis2075 10 ай бұрын
@PaceMorby What does it look like when you take over mortgage payments for a seller? Are you simply taking the sellers online credentials to their mortgage payment portal and updating the autopay to draft from your accounts?
@PaceMorby
@PaceMorby 10 ай бұрын
We use a servicing company to do this.
@mrethis
@mrethis 10 ай бұрын
When your assuming someone else’s mortgage, taking ownership on the deed but not named on the loan; isn’t this considered a straw purchase? If not, why not? Are you keeping the homeowner on the deed as well as you?
@chris-palmer
@chris-palmer 10 ай бұрын
Pace I generate 1.7k leads weekly through SEO , anything we can do?
@GraigBartlett
@GraigBartlett 10 ай бұрын
Would you be interested in land to develop into rv parks
@rrurban
@rrurban 10 ай бұрын
$7M paid down over 30 years (with no interest) is $19444/mo. This RV park nets $10k per month. Please explain how this makes any sense whatsoever
@RobertHasty
@RobertHasty 10 ай бұрын
Down payment takes down some of that 7 million.
@rrurban
@rrurban 10 ай бұрын
@@RobertHasty It would require 3.5M down to get 0 cash flow
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