Explaining Subject To IN PERSON With A Seller

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Pace Morby

Pace Morby

11 ай бұрын

Pace Morby goes on a seller call at a potential investment property to explain subject to and build rapport with the seller. The value of the home is less than what the seller owes, meaning if they sold the house they’d have to cut a check in order to walk away. As an investor the most important part of the deal is securing the mortgage rate already in place, which is Pace’s aim in taking on a property like this.
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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: 165
@jdulrick
@jdulrick 11 ай бұрын
I love how empathetic and compassionate you are with her. And I am so sorry to hear about your brother.
@you7uber5
@you7uber5 11 ай бұрын
*her
@marybright1
@marybright1 10 ай бұрын
So valuable to hear how you talk to a seller, empathize with them, help give them ideas for solutions. You gave him hope and finalized a deal. Such a win/win. Just earlier this year, I was in a situation with a house, not desperate but wanting to make a move and not in the best position to sell. I had an acquaintance reach out to me and helped me find a solutions that worked out for all of us. It opened my eyes to what can be accomplished.
@brandongrennan7602
@brandongrennan7602 10 ай бұрын
Not amazing Grace, Amazing Pace. Let's go buddy wow what a great display of humanity, caring, and business talk. You rock Pace!
@Philibuster2
@Philibuster2 11 ай бұрын
Finally the videos weve been waiting for... the talks with the sellers
@robertmcrae3422
@robertmcrae3422 11 ай бұрын
This was awesome 🎉 just what I needed to hear,!! Performance deed.but you felt his needs frist. This is exactly why the community is blessed to have such a mentor!! Wow thank you so much!! Real Talk
@KittyontheMove
@KittyontheMove 10 ай бұрын
This was very valuable. Thank you! It’s nice to see the compassionate side of investing.
@franklinhopkinsjr1065
@franklinhopkinsjr1065 11 ай бұрын
Love the respect and concern shown and this was a great walk through…
@amyvanslambrook
@amyvanslambrook 11 ай бұрын
@pace Morby you are incredible! Lead with generosity and a genuine desire to help…and the blessings follow. You just changed this man’s life
@dantenappi5655
@dantenappi5655 11 ай бұрын
This is a great example of exactly how it can happen. Good stuff!!
@webuyhousesdenvercolorado
@webuyhousesdenvercolorado 10 ай бұрын
This just proved to me even more that anyone can do this with Subject-To. I've been a fix and flipper, wholesaler the past 10 years and am so regretting I never delved into sub-to this whole time. Hell, it would've been the only thing I'd do if I knew it earlier. All good. Start today.
@VeronicaGrimes_tc
@VeronicaGrimes_tc 10 ай бұрын
Hey!@webuyhousesdenvercolorado Are you looking to close Substo transactions? If so,I;m a TC. I can help you and when you need it.
@oldskoolfunk71
@oldskoolfunk71 11 ай бұрын
Maaaan this is Gold Thanks Pace for all you do for us.
@TheLastSatoshi
@TheLastSatoshi 10 ай бұрын
Pace you are amazing!
@RJ4Loans
@RJ4Loans 11 ай бұрын
Great episode Pace. I appreciate your empathy, compassion, and transparency. Thanks for being willing to share your own story.
@lyndastarwriter8507
@lyndastarwriter8507 9 ай бұрын
WOW - Pace, I've been watching you sincer 2020. NEVER knew about your life's challenges in 2008 w/ regard tp you mom, your divorce, losing a home and your brother. Thanks for sharing and I hope peace and love abounds, today.
@PaceMorby
@PaceMorby 9 ай бұрын
Thank you 🙏
@DanKohan
@DanKohan 11 ай бұрын
I've been through tough times too, and it's really inspiring to see how you can make things better with the right advice and choices. Thanks for sharing this useful info!
@christianhernannnnn
@christianhernannnnn 11 ай бұрын
Alright rich wholesaler
@SherryXShi
@SherryXShi 11 ай бұрын
Pace is the best negotiator and storyteller, because he knows how to communicate effectively
@marckuhnmak
@marckuhnmak 11 ай бұрын
Great video Pace. Love videos like this!
@Qwerty12771
@Qwerty12771 8 ай бұрын
Yes! So I asked in the comments on another video why wouldn’t an owner just turn the property into a rental themselves instead of seller financing to you. One of the most obvious reasons was brought up in this video. “Can the owner cover the mortgage if the tenant doesn’t pay rent?” That’s enough reason on its own to get out of the property. I forgot to consider the stress and sweat equity involved in being a landlord, probably the last thing an owner wants to take on when they are potentially upside down. I can’t wait to get my first property! I live in CA and the FHA loans for 4 units seems to be the way I want to go. Even though the market is expensive here, I still want to buy here because I want to gain experience and I’m more comfortable with owning in the state I currently live in just because of the piece of mind of being in close proximity to my investment. Thank you for all your information.
@PaceMorby
@PaceMorby 8 ай бұрын
Yes! It all comes down to pain.
@timesmasquerade2012
@timesmasquerade2012 11 ай бұрын
Beautiful Pace - win win with a heart.
@cavin3368
@cavin3368 10 ай бұрын
Thanks Pace for sharing ✌️
@paulbittengle8540
@paulbittengle8540 11 ай бұрын
All I can say Pace you and your organization are awesome.
@saifshareef7194
@saifshareef7194 6 ай бұрын
How do you respond to a seller's fear that they will recieve the house again if payments are missed? If the overall objective of the seller is NOT to own the house and the mortgage, why would reversing ownership back to them be a benefit when the payments are missed,
@rociopineda4659
@rociopineda4659 11 ай бұрын
learning to help others from the best!!
@kellygood1165
@kellygood1165 5 ай бұрын
Would love to see part 2 follow up video.
@Love-dy4nw
@Love-dy4nw 2 ай бұрын
9:25 Nice mirroring of body language
@imlistening2932
@imlistening2932 11 ай бұрын
Thank you!
@michaelpaul5801
@michaelpaul5801 5 ай бұрын
This is gold Pace!!
@PaceMorby
@PaceMorby 5 ай бұрын
Glad you enjoyed bro!
@teisip35
@teisip35 10 ай бұрын
Honesty! Thank you, Pace!🙏. I appreciate your Christlike attribute❤️
@cesarcabrera4770
@cesarcabrera4770 4 ай бұрын
This a great information
@cesarlopes9224
@cesarlopes9224 25 күн бұрын
Very awesome video, I like that he empathizes with this seller, trying to understand where she comes from. 👋
@PaceMorby
@PaceMorby 22 күн бұрын
Thanks for watching!
@zerotodeal
@zerotodeal 11 ай бұрын
Thanks for the Bonus and as always YOU'RE A FLIPPIN GENIUS
@HowardsWrld
@HowardsWrld 10 ай бұрын
Great Video.
@heath.medley
@heath.medley 11 ай бұрын
Triple Digit Flip ... "its ok." 🤣🤣🤣
@evonnecram5538
@evonnecram5538 4 ай бұрын
Great expanations, education and empathy. I definately know what it is like to loose your home fas a victim of identity theft. I would have handed my house over to someone under the right circumstances.
@fawkmee
@fawkmee 11 ай бұрын
I wish I knew about subto earlier this year when I had to sell my property at a loss because I had to pay agents.. 😭
@shawnashaw1282
@shawnashaw1282 11 ай бұрын
I half expected you to start writing on the wall when you were explaining how it works to him lol
@you7uber5
@you7uber5 11 ай бұрын
*her
@MovingToHoustonTX
@MovingToHoustonTX 9 ай бұрын
Where can I find part 2 of this? I looked in all the videos, and I didn't see anything that looked like it could be it! :) Thank you!
@tristanbeavers4992
@tristanbeavers4992 11 ай бұрын
pace you look jacked brother
@JuanPimentell
@JuanPimentell 11 ай бұрын
Thats crazy i service the neighborhood you live at!
@Jimmyzheng12321
@Jimmyzheng12321 10 ай бұрын
Great video question is even you mentioned average rent is 1800 in the area and mortgage is 2100ish, even Airbnb or midterm rentals doesn’t make much taking over this?
@albinothug
@albinothug 11 ай бұрын
Beautiful
@HeatherSky1
@HeatherSky1 10 ай бұрын
Always love your content! If I get 20k from a private lender and use it to acquire and repair a sub-to property, what's the best way to get them their 20k back in 6 months based on current interest rates. Seems like a refinance wouldn't work, what about HELOC? Any other suggestions?
@VuthChandyna
@VuthChandyna 11 ай бұрын
You are so amazing..,
@KyserMont
@KyserMont 22 күн бұрын
Hey Pace! I just started learning more deeply about subject-to. Since I’m in the military and have used my VA loan multiple times, I know how the VA entitlement works, I know that if I were to take another veterans home subject to, their entitlement will be locked up in the house and I honestly don’t feel comfortable doing that if I can’t get them their entitlement back…cause what if they want to buy another home that exceeds their remaining entitlement ? I honestly don’t know how to feel about that. Curious on your perspective.
@RobertHasty
@RobertHasty 10 ай бұрын
Leave the hot water heater lmfao 😂
@lizethgonzalez9131
@lizethgonzalez9131 10 ай бұрын
You can hear the pain in their voice 😮 that’s what I want to do !! Help people in need!! 🙏🏼
@hotrodlincoln7186
@hotrodlincoln7186 10 ай бұрын
Hi, I was wondering wht service provider you use for your sub too deals? And would the service provider work on seller financing deals. Like how you did with your f150. But instead of them paying me having a service provider taking the payment out of the buyers accnt and depositing into my accnt?
@MoreActionPodcast
@MoreActionPodcast 9 ай бұрын
I would love to work with you , I memorized this conversation 👏🏾 I could do this all day long!! Really a great way to help people and have another stream of income. Just painted a rental for the SAME reason you brought up 👏🏾lol . money man ..
@sunnymoney1983
@sunnymoney1983 10 ай бұрын
Hey Pace, great stuff! I learned a lot and I’m a Realtor aspiring to be an investor, although it’s really hard in The BayArea where the mortgage even with low rates is always going to be higher than the market rents. Any advice?
@vkdirector3087
@vkdirector3087 8 ай бұрын
was great to hear your story mate and sorry for your loss! i get that this was an opportunity to show one of your strategies to students butttt here on the other site of the world in Australia, if you were looking to help her out her, she could just move out, rent the property out and go rent in the other suburb you spoke about !! this would allow her to keep the property and move forward ! is this not an option in America?? or do u just not bring this strategy up as it doesn't work with your strategy? great content love what your doing and how far u have come
@500shit1
@500shit1 4 ай бұрын
She cnt rent out bc the VA loan
@OctaviaBoesWifey
@OctaviaBoesWifey 10 ай бұрын
I jsut talked to a title company and she said you have to have the lender's ok this deal, how are you doing it without that? I know a lot people are afraid the loan will get called, but if the lender approves it, then it wont.
@QooBeh
@QooBeh 10 ай бұрын
This is how you serve
@ConradSpencerSimmonds
@ConradSpencerSimmonds 11 ай бұрын
from the camera angle standing there talking to him at the water heater, you seem TALL. 😀
@eddiel.milesjr.1625
@eddiel.milesjr.1625 5 ай бұрын
Is there a Part 2 to this??! I desperately wanna know how this is a profitable deal.
@MgtowRubicon
@MgtowRubicon 9 ай бұрын
How do you handle insurance when taking title subject to existing debt?
@therealmikejones4619
@therealmikejones4619 10 ай бұрын
Can I start looking for deals even though I have no assets and can’t really afford to buy a personal home?
@wealthwithfreonphelps3976
@wealthwithfreonphelps3976 11 ай бұрын
First! Freon Phelps was here!! Greetings winners!! Only like this comment if you're a winner!! 👀
@wecanynot
@wecanynot 5 ай бұрын
Liked the information and subscribed. Tried your settlement statement link with my info and it does not work. I would like the settlement statement. Please advise
@PaceMorby
@PaceMorby 5 ай бұрын
Hey bro! Try this link instead: resources.pacejmorby.com/
@bobhopkins433
@bobhopkins433 9 ай бұрын
Is there, well there has to be some type of contract with Pace and seller, correct?
@pahcsva
@pahcsva 19 күн бұрын
lol I looked at every line item on my first house and sent the mortgage broker back 13 times because the information was incorrect. I think it took us 8 1/2 hours to sign our loan docs because I knew we were getting screwed and I made them correct everything. I had a huge mortgage company tell my mom when she bought her house that if I ever wanted a job in the future if he had an opening it was mine. Im a beast with loan documents. but this sounds to good to be true. I need a home where I do need to buy it with credit, cash or credentials, but in my area they would just laugh at me. And what if the person decides a few months later they want their house back?
@gloriakummer5357
@gloriakummer5357 9 ай бұрын
The one thing I’m having a hard time with is why is there not someone out there to help these sellers. In this situation where the house is not worth what he owes, it make sense, but what about disaster situations. I would feel horrible
@cameroncook975
@cameroncook975 4 ай бұрын
So.. question... Where does this leave the seller? Can they not obtain another mortgage until the contract expires and someone pays off the original standing mortgage?
@legacyXplore
@legacyXplore 3 ай бұрын
On the VA rental thing how could he not rent it out but you could after the sub 2? How would the sub 2 make it ok for the property to be a rental? Sincere question. This was a good video. I know it’s not for everyone but it’s shocking that this isn’t a standard conversation for every single seller and realtor after a failed listing. I can understand to some degree not up front. But I don’t understand how that wouldn’t be incompetence.
@JosephHobbs-ql4sy
@JosephHobbs-ql4sy 2 ай бұрын
My exact question too
@Kimtrammellmassage
@Kimtrammellmassage 8 ай бұрын
Question: At what point is the seller removed from liability?
@adriank2959
@adriank2959 8 ай бұрын
Is this preforeclosure lead?
@BatistaInvests
@BatistaInvests 11 ай бұрын
Shout out to Joe Crump who first introduced me to Subject to
@TheDunndiesel
@TheDunndiesel 10 ай бұрын
poor kid. awesome you could help him out.
@yoshisaidit7250
@yoshisaidit7250 11 ай бұрын
The magical part about Maricopa is the cops are more DT than other places.
@JohnHenryRei
@JohnHenryRei 10 ай бұрын
I install towers, rrus, antennas I’m always on the road aswell, 😢
@erikgladish
@erikgladish 10 ай бұрын
How do you guarantee she is out in 2 months?
@jennyrosario1268
@jennyrosario1268 2 ай бұрын
Basically you’re just removing them from a really bad situation that they can’t afford the home anymore and to not jeopardize their credit history that’s where you come in
@barbthompson1628
@barbthompson1628 11 ай бұрын
so there's closing cost even when you do sub2? what other fees are there?
@VeronicaGrimes_tc
@VeronicaGrimes_tc 10 ай бұрын
@barbthompson1628 Hello! He has discussion this in different videos. You can always JV with a subto student who will have the correct documents. I'm a transaction coordinator . Let me know how can I help you in the future.
@brockgreavesrealestate
@brockgreavesrealestate 10 ай бұрын
Okay you took over the mortgage which is probably low from covid. How do you then make money on a rental with the refinance interest rate probably being a lot higher? Is the goal just to acquire and hold? Maybe taking a loss on the mortgage payment because the rental income doesn’t match?
@PaceMorby
@PaceMorby 10 ай бұрын
Buy and hold, rent out. Not refinancing.
@199tigertail
@199tigertail 11 ай бұрын
Washable paint!
@5250ITW
@5250ITW 11 ай бұрын
Does the seller continue to have the mortgage debt in their name? And what happens when they want to buy another home? Doesn’t it look like they have that debt? Thank you for sharing this.
@ripvanwinkle3432
@ripvanwinkle3432 10 ай бұрын
If they cant afford the house and are upside down how will they get another anytime soon. Ita actually beneficial because they will have to have the money for a second mortgage.
@5250ITW
@5250ITW 10 ай бұрын
@@ripvanwinkle3432 true but let’s say it’s been a year or two, then what’s the plan?
@Asgro
@Asgro 10 ай бұрын
Yeah, I’m 8 mins in and wondering if this will be brought up?
@JonnyCash-qw2ps
@JonnyCash-qw2ps 3 ай бұрын
Hey I learned about subject to over 10 years ago my biggest problem to begin is I don't know how to begin or I know I will be very good at it because I am a people person do you mind explaining how do I start the process?
@PaceMorby
@PaceMorby 3 ай бұрын
I recommend squadding up in the free group to get help from my trained students, they'll love helping you get your first deal! paceapproves.com/freefb-ytc
@abdrabohal_wahashi7563
@abdrabohal_wahashi7563 10 ай бұрын
How I can get consultation with u by zoom MR Pace plz … I’m from medal east
@mariaguild2024
@mariaguild2024 5 ай бұрын
Was this owner Not able to make payment? Because why would he not just wait and hold on to his house for a few more years, Have a place for his family to live, and then sell when he has build equity?
@bobhopkins433
@bobhopkins433 9 ай бұрын
What I've been exposed to in a very short amount of time is amazing, although in (when see the link below) haven't seen one ?
@PaceMorby
@PaceMorby 9 ай бұрын
Hi Bob, what are you looking for maybe I can help.
@Profashionhair
@Profashionhair 5 ай бұрын
My question is, what about the bank? Do you need to notify the bank on taking the payments? If there is any change in the deed, the bank/mortgage company should be notified, so how do you go by it? What is the procedure?
@PaceMorby
@PaceMorby 5 ай бұрын
You don't need to notify the bank. Check out this playlist: paceapproves.com/ytsubto-ytc
@Profashionhair
@Profashionhair 5 ай бұрын
@@PaceMorby 😘thanks
@mcanultymichelle
@mcanultymichelle 9 ай бұрын
But what if that young man wanted to take out a loan in a few yrs? Will his old loan be held against him???🤷‍♀️
@PaceMorby
@PaceMorby 9 ай бұрын
There are ways to overcome debt to income ratio when applying for a new loan, I have a video about it kzfaq.info/get/bejne/md9yhZaZzduwn3k.htmlsi=teTzoH2Rcz-W9WY2
@tonyt3067
@tonyt3067 8 ай бұрын
Interesting how Pace answered the question of can the seller rent out house with a VA loan. If she cannot, how can Pace rent it out and what liability will she have if the VA finds out?
@troofseeker100
@troofseeker100 8 ай бұрын
pace what is your answer on this?
@jacobwicka5496
@jacobwicka5496 8 ай бұрын
Pace owns the deed. She has the mortgage in her name.
@tonyt3067
@tonyt3067 8 ай бұрын
yes exactly, a mortgage that doesn't allow for renters in the first year, which they are in. @@jacobwicka5496
@camparker1990
@camparker1990 6 ай бұрын
You can rent it out with a VA loan after it’s been the Veterans primary residence for 1yr.
@tonyt3067
@tonyt3067 6 ай бұрын
right, so he basically has to wait it out, at least on paper@@camparker1990
@LXRD-SUPREME-
@LXRD-SUPREME- 4 ай бұрын
Having money makes people overly confident in them selves 😢
10 ай бұрын
One question. What happens with the property taxes when you buy a property subject to? They go high bc the homestead execption is lost after you buy it even if you buy it for the same amount the seller bbought it for 1 year before? Thanks in advance
@weareunstoppable935
@weareunstoppable935 11 ай бұрын
Could I be a gator lender from Europe?
@cookedonafeeling
@cookedonafeeling 7 ай бұрын
Has part two of this been released yet?
@PaceMorby
@PaceMorby 7 ай бұрын
There's no part two to this one, but I have a ton of Subject To videos on my playlist "Subject To"
@cookedonafeeling
@cookedonafeeling 7 ай бұрын
@PaceMorby Thanks for your reply! I just found your stuff and it's incredible. Been binging all day. Really appreciate you, brother
@199tigertail
@199tigertail 11 ай бұрын
Semi gloss or eggshell for those who been there lol
@Edvardlarose
@Edvardlarose 11 ай бұрын
I’m a subto student let’s squad up
@user-fq3wb2qj3w
@user-fq3wb2qj3w 10 ай бұрын
Are you in DFW?
@malex1526
@malex1526 8 ай бұрын
You should go do something like this... but not at one of our places... here are some other options.... 🤥
@Majsayy
@Majsayy 11 ай бұрын
Bro your arms are getting bigger!
@MikE-qh2ss
@MikE-qh2ss Ай бұрын
did not explain the downside at all to the seller who clearly has limited experience but otherwise was good
@edwinperez9878
@edwinperez9878 11 ай бұрын
So you giving her 350k plus taking the mortgage off of her? I am confused how do they make money by giving you the mortgage?
@PaceMorby
@PaceMorby 11 ай бұрын
Because she would have to pay out of pocket to sell the house.
@edwinperez9878
@edwinperez9878 11 ай бұрын
@@PaceMorby but are you giving her 350 as monthly agreement? Or is it a one shot deal? Also how do you corn up with ice much to give them monthly for the property?
@Shanita162
@Shanita162 3 ай бұрын
Have you ever encountered a problem where the seller doesn’t move out as agreed? If so, what does someone do in a situation like that?
@ymh-productions998
@ymh-productions998 10 ай бұрын
Am I missing something here?? If your plan here is to just do a regular rental and that'll cover the mortgage payments, why doesn't the seller just keep the house and rent it out herself?? Makes no sense.
@hollywoodclipp
@hollywoodclipp 9 ай бұрын
Because they are in debt n don’t have the money to..
@ymh-productions998
@ymh-productions998 9 ай бұрын
@@hollywoodclipp huh? They have a mortgage. Just keep making payments by using the rental income
@duzzelrebello1814
@duzzelrebello1814 2 ай бұрын
ive done arbitrage. i had 10 arbitrage. making 25k a month. you might not know how to do it properly. Don't knock it because it does work.4
@tubez
@tubez 10 ай бұрын
How does 125$ a week = 750$ a month😂😂
@leviwaldner536
@leviwaldner536 10 ай бұрын
how the heck will you cashflow this
@PaceMorby
@PaceMorby 10 ай бұрын
I'm at the point where I can buy and hold and let other assets cover negative cashflow if necessary, but we will probably still do this as a midterm rental.
@leviwaldner536
@leviwaldner536 10 ай бұрын
@@PaceMorby thanks for replying, looking forward to next video
@christianhernannnnn
@christianhernannnnn 11 ай бұрын
Pace is so full of it! Where the "link" to the zoom call with the seller! And that is why I don't sign up for his program, like politicians, says they are going to do but never do it!
@PaceMorby
@PaceMorby 10 ай бұрын
Most seller calls are saved for students, but I have a playlist full of them if you're interested.
@whatskevindoing
@whatskevindoing 11 ай бұрын
Actually the buyer pays the buyers agents commission in the price of the house. That's what NAR is getting sued for. Please give accurate info.
@PaceMorby
@PaceMorby 11 ай бұрын
Hey Kevin... Im not an agent... nor will I ever be. I also am not going through an agent... So I can setup the transaction however I want.
@RexWetzel-sw6zj
@RexWetzel-sw6zj 11 ай бұрын
​@@PaceMorbyyou are a good man
@levonstilson9032
@levonstilson9032 5 ай бұрын
Come on Pace, you know the Va 1 year requirement is flexible, and the buy only has to have a reasonable expectation of residing in the home for a year. You effectively lied to this man, you are in real estate and there is no way you don’t know this. Why wouldn’t you just be honest with this and just point to the fact that he isn’t in a position to rent financially?
@stevengarcia2188
@stevengarcia2188 2 ай бұрын
Totally agree. It’s the intent to occupy for 12 months. This dude is a scammer big time
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