Subject To and Seller Finance in Terms ANYONE Can Understand
Рет қаралды 27,893
Күн бұрынJoin Pace Morby on stage at the Build Wealth Summit 2023 in Las Vegas as he teaches thousands of people the difference between subject to and seller finance real estate transactions. He explains the difference between the two with a simple creative finance anecdote on a topic most anyone can understand; cell phones. He also dives into specific creative finance deals and how he’s structured the deal so that it benefits EVERYONE involved.
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Chapters:
0:00 - Intro
0:49 - Jumping into the presentation
5:04 - Difference between seller finance and subject to
11:37 - SquadUp Summit 2024
13:02 - Seller finance with iPhones
15:32 - Subject to with iPhones
17:28 - Why would someone buy subject to?
18:25 - Creative finance deal examples
30:46 - Outro
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎
@dustinbutzler1031 5 ай бұрын
I need pace morby vs dave ramsey asap
@PaceMorby 5 ай бұрын
YESSSSS please!
@ltamargo 5 ай бұрын
The best explination of these strategies I have ever heard!!
@PaceMorby 5 ай бұрын
Glad you enjoyed!
@clehenderson2732 5 ай бұрын
Pace You are The One!!! I understand the difference between the two!!!! You definitely made it simple as pie!!!! Thanks so much, I cannot wait to make a deal with you!!!!
@israelsarabia2700 5 ай бұрын
Epic speech!! Thank you for the wise words!
@jarvisholland7837 5 ай бұрын
thank you
@LivingLaVidaD 5 ай бұрын
Thank you Pace for this valuable content 😊 you’re the best 🎉
@jeffreylonghr 5 ай бұрын
Price is what you pay...value is what you get.
@PaceMorby 5 ай бұрын
Love this Jeff
@silverb_ceo 2 ай бұрын
“You have an 8? Do you have to crank it to keep it going ?” As a iPhone 8 owner until 2022 I didn’t appreciate that 😂😂😂
@PaceMorby 2 ай бұрын
🤣
@nandingpanelo 5 ай бұрын
Thanks Pace and community, really appreciate this
@PaceMorby 5 ай бұрын
Any time!
@healingnaturegirl333 5 ай бұрын
Always great to watch Paces videos. So much information! Squad up in Orlando 🌞🌟🌞
@PaceMorby 5 ай бұрын
Thank you! Glad you enjoyed the video
@marckuhnmak 5 ай бұрын
Pace bringing the heat as always! Great video man!
@PaceMorby 5 ай бұрын
Thank you brother! ✌🏽
@BUILDYBUNCH 5 ай бұрын
A wealth of knowledge. A+
@PaceMorby 5 ай бұрын
Glad you enjoyed it thanks for being here
@davidburton3090 2 ай бұрын
I think its golds year to shine
@mariobouchedid7855 5 ай бұрын
Absolute GOLD strategies 🙌👏🤯🤯🤯🤯
@PaceMorby 5 ай бұрын
Thank you bro!
@relaxingmeditation8740 15 күн бұрын
Awesome training. Thank you
@PaceMorby 14 күн бұрын
Glad you enjoyed it!
@braydenarnote 5 ай бұрын
Pace, I am trying to do a subject 2 deal on a business. How are you dealing with the seller requesting a balloon payment? Since I would meet their purchase price a short ballon would destroy cash flow going though a bank at current interest rates or rates that are higher. Thank you in advance.
@aalhdy 4 ай бұрын
We did and do seller carry back, on commercial financing ,as a second loan not the first or only loan seller carry back or seller finance,,on commercial lender allow 10% to 20% only.not in Residential, Love the way Pace does it, it's a winning method 100%,need to join you Pace, to start buying and get into the game.
@roxyponce3326 5 ай бұрын
Pace i just got my first subto 🎉 in Florida 🎉🎉🎉🎉
@PaceMorby 5 ай бұрын
YESSSSSSS
@happyday1060 5 ай бұрын
hi i’am in florida aslo can you tell me a little more info please
@roxyponce3326 5 ай бұрын
@@happyday1060 what would you like to know ?
@LifewithJohn. 5 ай бұрын
@@roxyponce3326like how format the whole process
@jarvisholland7837 5 ай бұрын
think you
@pros1perify 27 күн бұрын
You are a great teacher Pace, thank you
@PaceMorby 27 күн бұрын
I appreciate that!
@earlyrisersmorningshow 3 ай бұрын
Pace is a straight-up genius when it comes to breaking down real estate transactions! 🏠 His explanation of subject to vs. seller finance using cell phones as an example? Mind-blowing! 🤯Check out his vid and then tune in to our podcast convo on my channel for the ultimate real estate insights! 🔥
@mayoemoses9339 5 ай бұрын
You talked about no down payment, no interest, no collateral, to what I understand how would the seller be sure one will not run away with his/her property or car or sell phone?
@Alexfly3000 3 ай бұрын
Contracts. Ik I'm not pace but still when going into contractual agreements that u could be liable to be sued on, the belief of payment is always stronger then scouts honor.
@dojoparsnip9905 Ай бұрын
the seller IS the BANK. They have the lien.
@kylehoward870 Күн бұрын
It’s all about the binding 😊contracts
@Shedlyhikey 26 күн бұрын
i am creative real estate 🏡 ❤
@defyingfinance9882 3 ай бұрын
One of the downsides about that method, though when you say you don’t care about the interest rates, is that someone may be overpaying dramatically for the principal on an apartment complex and now they can’t refinance out to pay that other person off in the future. That’s the problem. If I’m that other person, I might let you take overpayments, but my question is, when you say you’re going to pay me, I’m wondering if that’s ever gonna happen.
@PaceMorby 2 ай бұрын
That's why you got to do your due diligence on the buyer to make sure they know what they're doing to cash flow so they can make the payments
@thequest-getbackyourexshow8963 3 ай бұрын
The analogy of the receipt is not a good analogy. Because the receipt is in the name of the credit card holder. In fact, the credit card holder could say he gave his card to the person in order that person buy the groceries for the card owner. Had the borrower made a contract with the credit card holder that the groceries will be his before the purchase then there would be no doubt of ownership. The holder of the deed is akin to the holder of the contract, not the holder of the receipt.
@patricianavarro6645 5 ай бұрын
Where (what venue) will the squad up conference be held at in Orlando in April
@PaceMorby 5 ай бұрын
thehiltonorlando.com/about/location-and-directions/
@JakeBoyification Ай бұрын
Wish I'd found you long ago. Im trying to purchase a concrete flooring company. I'll spend they're current season learning before potentially closing this fall.
@PaceMorby Ай бұрын
Good luck!
@patricianavarro6645 5 ай бұрын
I also have an unimproved property over 2.5 acres in Northern CA that I’m considering selling outright or through seller financing
@Lilthis_n_that Ай бұрын
Post details. I'm in California and looking
@MgtowRubicon 5 ай бұрын
Is it any coincidence that in the last example, the $90000 divided by $375 is exactly 240 months (20 years)?
@PaceMorby 5 ай бұрын
Its a 0% interest loan... so NO its not a coincidence. Its supposed to only go 20 years.
@arthurmurray6276 21 күн бұрын
I want to do a Subto deal to get into Gator and I’ll need your help my friend!!
@patricianavarro6645 5 ай бұрын
I have some single family properties that I’m considering selling in (Augusta, GA and Magalia, CA) - would this seminar be good for me?
@dominiquecleveland1940 12 күн бұрын
Are you still interested in selling?
@cybern9ne 2 ай бұрын
2 people want help. 1 gets greedy. A third gets a deal because the need was for an iPhone to get a job, but the conversion was about the model which didn't fulfill the need. After the 2nd deal, the greedy person is stuck with a phone she didn't want hoping for him to come back when he was no longer interested.
@PaceMorby Ай бұрын
BOOM
@Dmoney9768_ 20 күн бұрын
Can you do everything he is saying with out joining his group
@Nick-we5wg 3 ай бұрын
Hey Pace, what is the difference between seller finance and installment plan ?
@PaceMorby Ай бұрын
same thing. Different words.
@user-hm4dt9kg1o 5 ай бұрын
Hey guys are there any Facebook SUBTO groups I could join to find deals?
@PaceMorby 5 ай бұрын
Creative Finance with Pace Morby Facebook group. The subto one is not free!
@LifeWisdomTV 5 ай бұрын
Does rent to own work?
@PaceMorby 5 ай бұрын
It depends on the deal but yes it does sometimes that's called a lease option!
@shawngamble1472 3 ай бұрын
I want to know who I can call if I have leads?
@PaceMorby 3 ай бұрын
Squad up in our free Facebook and my SubTo students would love to help you! paceapproves.com/freefb-ytc
@always1hundred 3 ай бұрын
😂😂 this 🤡 didn't mention he already has a reputation to get deals and contracts, nobody going give u all this without and reputation
@PaceMorby 3 ай бұрын
You can partner with people who already have the paperwork and knowledge until you learn the thing. You can do it if you want it. Keep watching the channel, ask questions as you go.
@PaceMorby Ай бұрын
Youre right. I was born with a reputation. LOL freaking excuses! All day long... when have your excuses served you???? Stop with this crap... it doesnt help you to make excuses.
@jarvisholland7837 5 ай бұрын
think you