Creative Finance 101: How To Structure The Entry Fee

Рет қаралды 43,119

3 жыл бұрын

Welcome to the Creative Tip! In this episode, I reveal the 7 steps it takes to obtain a property using Creative Finance known as the "Entry Fee." Whether you're looking to lock down a real estate deal for yourself or wholesale the creative deal, these steps are ESSENTIAL!
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Learn the basics of the entry fee:
• What is the Entry Fee?...
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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: 386

@rohmewilliams7714 10 ай бұрын

Excellent content. I listen to all of your old podcasts while at work. Catching up. Always pause and take notes. How to calculate Entry fee was one of my notes. Thank you for the basic breakdown 🙏🏼

@garyfarmer1843 3 жыл бұрын

You’re the man bro! You’re exactly right, you don’t think of all the “little” details. Thank you again! 🔥 Would love to see a vid on obtaining cash investors for 0 cash out of pocket and how that’s written up.

@PaceMorby 3 жыл бұрын

Dope idea! Will look into that! Thanks!

@digisavants 10 ай бұрын

The more way I hear creative explained the clearer it become. Pace your energy is phenomenal. He applies mental science to attract what he wants. He's the real deal. I love it.

@veesantiago3265 3 жыл бұрын

This makes so much sense!! Thank you for spelling it out!!! You rock Pace!!

@PaceMorby 3 жыл бұрын

Thank you! Glad you enjoyed my content!

@Cashclosechris 3 жыл бұрын

I love the way you explain things. You make the complicated simple. You're such a natural teacher. These videos are awesome bro.

@PaceMorby 3 жыл бұрын

Glad you like them! Thank you!

@michaelreyes5274 3 жыл бұрын

Awesome Pace! Love the way you break it down and point out the gotchas.

@PaceMorby 3 жыл бұрын

Thank you brother!!!

@kingedwardiii3606 3 жыл бұрын

Always giving value. Pace you the man!! 💯💯💪🏼

@PaceMorby 3 жыл бұрын

That's what I'm talking about!

@834_cross 3 жыл бұрын

You a boss big dawg!! Thank you for all the value you provide. It really helps me put things in perspective.

@PaceMorby 3 жыл бұрын

Any time! I appreciate you saying that.

@dennisobrien2094 Жыл бұрын

Yet another awesome video. Excellent job Pace.❤❤❤ Would love more whiteboard videos

@PaceMorby Жыл бұрын

Whiteboard videos, got it! Thanks Dennis!

@BatistaInvests 2 жыл бұрын

Thank you for this video. It's an excellent breakdown of a question I've had for a long time!

@PaceMorby Жыл бұрын

Michael. Glad this helped you!

@SunShine-jq7tl Жыл бұрын

As always, luv the simplicity' of your presentations....😊 Greatly appreciate them

@PaceMorby Жыл бұрын

Thank you so much 😀

@byny37 3 жыл бұрын

Thanks Pace, this was so informative. Keep giving us the jewels of creative financing!

@PaceMorby 3 жыл бұрын

Committed to the mission!

@g3ahvicious249 Жыл бұрын

Thank you so much for all this info. You are amazing! I appreciate you and your team. 🙏😊

@PaceMorby Жыл бұрын

Thank you Geah! Glad you found value in this video.

@MatthewMartinezStrangelyTrue 2 жыл бұрын

This is amazing , easy to follow and your lessons are straight to the point

@PaceMorby 2 жыл бұрын

Matthew, thanks bro!

@pros1perify 9 ай бұрын

This was absolutely fantastic! I have never heard anyone talk about this. Thank you.

@AdrianaC_Rodriguez Жыл бұрын

Sunday Service 11/13/22 homework ✅ 🤓❤Repetition is the mother of skill! I never tire of hearing you teach even if it is back in time. 😊

@jonlehidaduya942 Жыл бұрын

Very helpful! Now i know how to compute entry fee. Thank you Pace!

@Skinard14 2 жыл бұрын

Just wanna say you're an amazing teacher. Rarely is my attention held so well and I love that you're not all over the place. This video breakdown worked wonders for a beginner like myself trying to educate myself before I get into searching for a deal. Thank you!!

@PaceMorby Жыл бұрын

Wow, thank you!

@sgtdos5077 Жыл бұрын

DiTO❗️ I truly wish that I'd come across @Pace Morby loonnnng time ago! Focus, clarity & actionable. Rare blessing indeed!

@ejcorinealdi 6 ай бұрын

@@PaceMorby😮Where is the video where you explain how you should be below 15% of purchase price for your entry fee to wholesale it?

@efrainrosario5894 3 жыл бұрын

Excellent training session Pace. When you're structuring this business, there are so many aspects to build a solid platform that it becomes imperative to have information like this. There is no way we will ever miss any of the 1-7 steps and be caught off guard. Thank you very much, keep up the GREAT JOB!!!

@PaceMorby 3 жыл бұрын

Love it! Appreciate you bro. 🙏🏽 Glad that you're getting value from what I'm doing. Share it with your friends

@PaceMorby 3 жыл бұрын

This is awesome! Thanks!

@healingnaturegirl333 Жыл бұрын

Watching all I can, soaking up knowledge. I have zero critiques on the video. Just learning what you share in these videos is so inspiring & hopeful & helpful.

@PaceMorby Жыл бұрын

I appreciate that!

@gloriacanchola5980 Жыл бұрын

Thanks for showing this. I have heard you talk about it and forgot to look it up. These videos help so much in reminding me. I didn't think about putting all these together. 🤦‍♀️Thanks for looking out for me 😊

@PaceMorby Жыл бұрын

Gloria. I'm so glad that this is a great resource for you! I got you!

@Belllavitaxo Жыл бұрын

I was confused but NEVERMIND! Thank you so much for this video 😁

@makesha7434 4 ай бұрын

Pace thank you for knowledge!!

@gerardoduran9066 Жыл бұрын

This is one of the best informative videos on this subject adding a lot of value to this creative finance with a few tips on how to get the deal closed. Love it!

@PaceMorby Жыл бұрын

Glad it was helpful! Thanks Gerardo!

@Victoriousvision 3 жыл бұрын

This is a good video and you explained the different items to make everything easy to understand!

@PaceMorby 3 жыл бұрын

Glad it was helpful!

@toshaegermaine Жыл бұрын

Great information for a beginner. Thanks Pace!

@jamespuentes5022 2 жыл бұрын

This video is amazing. Thanks Pace. Look forward to becoming a student. Great Value.

@PaceMorby Жыл бұрын

Thanks James! We're ready for you, bro. go.subto.com/pace-yt

@LukeSalaiz 2 жыл бұрын

Great, simple teaching. Very understandable, much appreciated. Thanks Pace & team.

@PaceMorby 2 жыл бұрын

Glad you're enjoying the content, Luke! Feel free to subscribe and hit that notification bell so you don't miss out on future content!

@investwithbrian Жыл бұрын

Thanks for the quick lesson Pace!! Really appreciate it.

@PaceMorby Жыл бұрын

You're welcome and glad to hear you learned something from this video!

@gaberubalcaba9000 3 жыл бұрын

It was all great Pace, thanks. Just what we need for a deal to make sense for us.

@PaceMorby 3 жыл бұрын

im digging this!

@tombujnowski9349 3 жыл бұрын

This was so informative. I learned a ton. Thanks so much.

@PaceMorby 3 жыл бұрын

Dope! Thank you!

@timothybyers1495 2 жыл бұрын

This is the obscure information that I have been looking for. Now I can move forward and into business. Thanks Pace.

@PaceMorby Жыл бұрын

Sweet! So happy you're able to gain value from this bro.

@18nonnahs 2 жыл бұрын

Awesome video Pace!!!

@PaceMorby 2 жыл бұрын

Shannon. Thank you and thanks for being a subscriber!

@tanakamakandwa6616 3 жыл бұрын

This is gold !!! Thanks Pace

@PaceMorby 3 жыл бұрын

Thank you! Glad you enjoyed my content!

@rachann87 Жыл бұрын

This video added are to my knowledge base. Thank you, I liked the sound effects and visuals on a side note. Keep sharing this creative informational videos. I learned this way

@PaceMorby Жыл бұрын

Hey Rachel! I appreciate your comment. Thank you!

@DevBObs Жыл бұрын

hi Pace, you did a great job. Amazing like always.

@thejasonreal Жыл бұрын

awesome breakdown thank you Pace!!

@PaceMorby Жыл бұрын

My pleasure!!

@azwildcat1977 Жыл бұрын

Great vid Pace, thanks for referencing in Sunday Service .I'm creating my entry fee template now to add to the arsenal.

@PaceMorby Жыл бұрын

Hey Jeff! Great!

@kylewest9403 Жыл бұрын

Helped me tremendously understand the entry fees in the process and what's involved. Diving deep in the channel and changing my life. Thank you!

@PaceMorby Жыл бұрын

So glad to hear that, Kyle!!

@monahill2095 Жыл бұрын

This was awesome, I was getting frustrated because people say no money, yet you get started and all the$$ come up. Thank be you for be walking us thru the actual costs to get these kind of deals

@PaceMorby Жыл бұрын

You're welcome Mona!

@sgtdos5077 Жыл бұрын

Exactly! It's like, F I N A L L Y, a human being that doesn't 'snake oil' you for an hour(s) of guru b.s. just because they realize desperation has or is closing in .

@drjeanduret 2 жыл бұрын

That’s very informative video. Thanks pace

@PaceMorby 2 жыл бұрын

Good to know this was helpful! Thank you for being a subscriber, Jean.

@realestatecashbuyerusa3279 Жыл бұрын

Pace this is 100% on point to be prepared to close the deal. Your presentation is very informative. You are the Man. #1 numero uno papa.

@PaceMorby Жыл бұрын

Hey bro! Glad it was helpful!

@brucetgibbs Жыл бұрын

Loved the animation!

@Chrisherooo 2 жыл бұрын

Great content, brother! 🙏 💣💥🔥 Thank you for taking the time to share your knowledge and give back.

@PaceMorby 2 жыл бұрын

Chris, broo!! Appreciate you and thank you for being a subscriber.

@Chrisherooo 2 жыл бұрын

@@PaceMorby Sending in my application to be part of the Sub2 crew tonight so look for my application. 💪 Ready to light the fires.

@PaceMorby 2 жыл бұрын

Awesome! Hope to see you inside the mentorship!

@markvidales 3 жыл бұрын

That was really good meat on the bone info Pace!

@PaceMorby 3 жыл бұрын

tell your friends! Thanks!

@garettsikes4449 Жыл бұрын

Dude, this whole strategy makes so much sense! I’m hooked! Found you while studying for my real estate license. Can’t wait to keep learning! Thanks for putting out so much content! 🤌🏼✌🏽

@johnmcleod1869 Жыл бұрын

Thank you Pace. I’m a big fan.

@PaceMorby Жыл бұрын

I appreciate you John!

@bahrijaimamovic1911 Жыл бұрын

You’re the best, and I love to share it and I’m spreading good words😊👍

@PaceMorby Жыл бұрын

Bahrija. That means a lot!!

@boneheadscorner8286 Жыл бұрын

Great content! Thank you

@PaceMorby Жыл бұрын

Thank you man!

@EzraJudah144 3 жыл бұрын

Amazing delivery!!! So easy that a baby can understand this format...well maybe at least a toddler.

@PaceMorby 3 жыл бұрын

Thank you for the feedback!

@QuarterBranchFarm 3 жыл бұрын

So much more content-dense and concise than your live shows.

@PaceMorby 3 жыл бұрын

Love the feedback, thank you! Anything you specifically want to see bro?

@loreshalance9433 2 жыл бұрын

Thank you for sharing!!

@PaceMorby 2 жыл бұрын

THANK YOU for being a subscriber. I appreciate you.

@mohamedtamni4790 2 жыл бұрын

Tons of value Thanks

@PaceMorby Жыл бұрын

Hey Mohamed! Glad to know you've gained tons of value from this!

@aaronlietz 3 жыл бұрын

Epic, as always Pace. Crush mode!

@PaceMorby 3 жыл бұрын

Awesome! Thanks!

@ramonvazquez_rei 3 жыл бұрын

Simple and to the point ✌🏻

@PaceMorby 3 жыл бұрын

You got that right! Thanks!

@hickbalclarke4117 2 жыл бұрын

Great video especially for a newbie.

@PaceMorby 2 жыл бұрын

Glad to hear it was helpful! Thank you for tuning in!

@dashtaxservices6116 3 жыл бұрын

Pace. I love how you simplify everything to lamens terms. Will be purchasing your course soon. When will you be doing the video on how to acquire private lenders to purchase your Subject To's? Perhaps thats where your cost of acquisition comes into play. Last thing, do you purchase your Subject to deals and Seller Finance deals via in your name, in an LLC or a Land Trust. I love the concept of remaining anonymous. Are you going to do a video on the pros and cons of purchasing a Subject to deal via one of these ways?

@isiahcharles4376 Жыл бұрын

So awesome!

@malcolmraman3825 Жыл бұрын

Thnk you Pace you r da Cap'n of the sub2 on the floating platform of creative finance in a rising tide.✌🙏

@PaceMorby Жыл бұрын

Appreciate you Malcolm!

@AberrantArt 3 жыл бұрын

Looking forward to learning how to get private investors.

@tessymathew4685 3 жыл бұрын

Interested in getting properties nearby Austin,Texas through creative financing

@theliamkeane 3 жыл бұрын

Contracts through contacts.

@PaceMorby Жыл бұрын

@AberrantArt Hey man! I made a few videos about how to find private investors. Here's one of them. kzfaq.info/get/bejne/Y75djc5e367Ph30.html

@DungThai84 3 жыл бұрын

great content, thank you Pace

@PaceMorby 3 жыл бұрын

It's my pleasure, Dung! Is there anything you'd like me to break down in a future video?

@DungThai84 3 жыл бұрын

@@PaceMorby private investor money video idea is also a great content 😁

@instanthellmurderer Жыл бұрын

I had to go over this video several times. But... Creative Financing is the TRUTH🙏🤝

@MikoLauMinistry Жыл бұрын

Pace, I have to disagree...Jesus is the Way, the Truth, and the Light 🤣🤣🤣🤣 haha but thank you for this video!! Powerful and informative

@PaceMorby Жыл бұрын

👐

@tcbhakta8419 Жыл бұрын

Bro Thank you for your transformative community

@PaceMorby Жыл бұрын

I appreciate your comment. Thank you!

@sharonpowellrealtor6116 3 жыл бұрын

Great information. I'm so interested in creative finance. Thank you

@PaceMorby 3 жыл бұрын

Sharon, you are very welcome! Thank you for your comment!

@joshuarodarte Жыл бұрын

Thank you for this Video

@PaceMorby Жыл бұрын

Joshua. You're welcome bro!

@blancaash8807 3 жыл бұрын

GREAT video!! I saw your shadow on the white board for most of the video 😄 I loved the voice change though!!

@PaceMorby 3 жыл бұрын

Thank you Blanca. We are working on fixing that!

@Cashclosechris 3 жыл бұрын

The voice change is hilarious 🤣.

@rubyhaq9282 8 ай бұрын

Amazing video

@user-uy9jb5hh1p 9 ай бұрын

This was very informative ❤😂

@PaceMorby 9 ай бұрын

I'm so glad!

@Gwalkk 3 жыл бұрын

You’re a king Pace.

@PaceMorby 3 жыл бұрын

Thank you my guy! 🙏🏽

@johncatanzaro9627 3 жыл бұрын

Thanks Pace..

@PaceMorby 3 жыл бұрын

Thanks!

@roycelaik2923 2 жыл бұрын

very nice and understandable thanks

@PaceMorby Жыл бұрын

You are most welcome, Royce!

@itsreallyalvarez 3 жыл бұрын

Excellent, thank you brother.

@PaceMorby 3 жыл бұрын

Thank you brother!

@TraderMigs 3 жыл бұрын

My guy! I've learned more in these 20 minutes than I have in 3 months of YT University! Thank you! P.S. my apologies for the 3 haters who disliked this video.

@PaceMorby 3 жыл бұрын

Awesome! Nice! Thanks!

@sgtdos5077 Жыл бұрын

🎯

@KhangPhamREI 3 жыл бұрын

Very informative! How do you raise private money and structure the terms with them so that both party can benefit. Also how does the paperwork goes with private money? Or do they just write a check to you and you promise to pay them on XX/ XX days. Or do you do a promissory note with a deed of trust. Im a bit unsure on how that works. Would love a video on PML to see how that works!😊

@PaceMorby 3 жыл бұрын

Love the questions! There are 3 episodes for it. 1st Part: kzfaq.info/get/bejne/iqqlqclm19Gpe30.html 2nd Part: kzfaq.info/get/bejne/nqujeciA3cjHiY0.html 3rd Part: kzfaq.info/get/bejne/at1if6RpsbmoZZs.html

@sgtdos5077 Жыл бұрын

@@PaceMorby WoW, Thanks!

@kishorep4204 2 жыл бұрын

Hi: Great introduction the top down approach of computing the Entry Fee, not to nit pick, How about? the holding cost: Property Taxes, Property Insurance, and Property Management Fee if you plan to rent and have some manage it for you.

@rtmoorer2 2 жыл бұрын

Great information on entry fee.

@PaceMorby 2 жыл бұрын

Roderick. Glad it was helpful!

@sessinganderson4622 Жыл бұрын

Very insightful

@PaceMorby Жыл бұрын

Glad it was helpful!

@blureen55 2 жыл бұрын

pure gold pace.

@PaceMorby Жыл бұрын

Thank you Ben!!

@michaelpison5610 3 жыл бұрын

Pace you're truly awesome.

@PaceMorby 3 жыл бұрын

Thank you Michael! I appreciate the compliment.

@yap2022 2 жыл бұрын

Pace I love you, you are a giver person 💪🏻

@PaceMorby 2 жыл бұрын

Thanks man! 🔥🔥

@aidenmiller5048 3 жыл бұрын

good job!

@PaceMorby 3 жыл бұрын

Thanks! I appreciate your comment!

@troybailey048 Жыл бұрын

That's is the best formula for creative financing yet that every beginning INVESTOR to learn and have in there toolbox.

@PaceMorby Жыл бұрын

Thank you man!!

@jmccmd2020 Жыл бұрын

Great/Epic video.

@PaceMorby Жыл бұрын

Joel. Thank you!

@eliblau2918 3 жыл бұрын

SUPER !!

@scottw.6609 Жыл бұрын

@PaceMorby team, please lmk the best video (hopefully a short one haha) on now determining COC return! I can’t seem to find one! Please & thank you! 🙏 …if you have a more than one video determining this, that would be great! BTW thank you for the knowledge drop! 😎✌️

@summeradkins1485 2 жыл бұрын

Damn good video. Thank you

@PaceMorby 2 жыл бұрын

Thank you! I'm happy to know you enjoyed it.

@peli6043 3 жыл бұрын

Oh fook!!! Sh#t is fire 🔥!!! And the pop ups are sick. For sure this channel will be well over 1 milly subscribers in a year at this rate. Glad I've been keeping tabs. Let's "simplify" " simplify" "simplify" thank you LORD!! * I mean Pace! Lol

@PaceMorby 3 жыл бұрын

Brooo appreciate that so much!!! Thank you!

@Sunny-sb7qy Жыл бұрын

Pace. Thank you for prepare the video, I just gave you a thumb up, good content ; ) Question, How do you know if you need to include the repair cost or not? And how much? When we haven't done any property inspection yet?

@PaceMorby Жыл бұрын

Sunny. I highly suggest you do the property inspection. It's always a good rule of thumb to include repair costs for even the nicest looking houses.

@miricordaro2815 Жыл бұрын

Great Video, i would love to understand more when you get the money from PML how you structure that end of the deal.

@joanhaynes3797 Жыл бұрын

AWESOME! AWESOME!....this answers many of my questions....does this formula work for all creative financing?

@yolimonty9604 2 жыл бұрын

wow!!! awsome yes more porfavoooooor!!!!

@PaceMorby 2 жыл бұрын

Happy to know you're enjoying the content! Don't forget to subscribe and hit that notification bell so you don't miss out on future content!

@ivanl8408 Жыл бұрын

14:09 , bye and hold strategy & you also need to know this for wholesale

@TheRealEstateLife 3 жыл бұрын

Pay attention guy's. You don't find this anywhere else. Pace is the goat!

@PaceMorby 3 жыл бұрын

Bro thank you so much!!

@rinagetsreal6189 Жыл бұрын

@pacemorby Pace may have updated this by now since its 2 years old, but he forgot that if the deal came thru a real estate agent you gotta add their commissions to the entry fee. Finally, don't forget, you gotta pay back wherever you borrowed the money from which affects your bottom line cash flow. Wow... I'm learning so much I'm surprising myself! Thanks Pace!!!

@KevinMcClain13 3 ай бұрын

🙏🏾

@LiamLiam15 3 жыл бұрын

Great video Pace! I would love to know the 10 different ways to raise capital and also know what sort of interest you pay your private lenders. Thank you!

@PaceMorby 3 жыл бұрын

Thanks for the idea and feedback!

@karenjones6948 3 жыл бұрын

Very informative. I'm looking forward to learning about strategies to pay the entry free using private lenders.

@PaceMorby 3 жыл бұрын

Awesome, stay tuned

@freddieh8950 3 жыл бұрын

Thanks for the value! Would love to know how you structure paying your private lenders with different exit strategies?

@PaceMorby 3 жыл бұрын

Awesome question. Keep an eye out. Thanks!!

@debbiehobbs5660 11 ай бұрын

Hi Pace & Laura, I want to thank you both for sharing all your knowledge with us. Your absolutely amazing. My question to you is how much does it cost to join your community and how do I go about becoming a part of it?

@PaceMorby 11 ай бұрын

Join and be a part of our community: paceapproves.com/communityytp

@crystalbrookephotography2027 Жыл бұрын

Pace! Great video! You always do it right! QUESTION A - what is your suggestion on how to approach the subject if a seller is being proactive and wants to talk with their mortgage company, what is your way of addressing this with a seller before it’s too late??? Thank you!

@PaceMorby Жыл бұрын

Crystal. Sorry I just got to this now and I hope it's not too late! My advice would be not to talk to the mortgage company about it. All the docs with subto will take care of that! Let the seller know upfront you, the buyer, will take care of that!