How to Buy Real Estate with Seller Finance with Pace Morby & Clint Coons

Рет қаралды 114,490

Clint Coons Esq. | Real Estate Asset Protection

3 жыл бұрын

If you would like a FREE 45-minute consultation, you can request one here: aba.link/6v1
Want to invest in real estate, but your budget is tight? Seller Financing might be your option. Join Clint Coons and Pace Morby as they discuss the process on "How to Buy Real Estate with Seller Finance."
I am proud to welcome our guest, Pace Morby, to this discussion on how to buy real estate with seller finance. We will be discussing some topics surrounding the subject and what they mean for you as a buyer. Past examples and current know-how will be shared, so be ready to gain a deeper understanding that is sure to help you.
If you would like a FREE 45-minute consultation, you can request one here
👉 aba.link/6v1
Join us for our FREE upcoming Tax & Asset Protection workshop to better help you meet your goals and secure your future
👉aba.link/e56169
These two intelligent minds coming together with their knowledge and insights on buying real estate is a great chance to better learn about the industry and effectively navigate it.
If you're like Morby, a hands on type of person, then this video will be a great learning tool. Overall, he is an amazing professional, so his contribution to this show is something you do not want to miss.
Pace Morby is known as the go to "sub to guy" bringing creative strategies to the mainstream real estate investment industry such as subject to and seller finance deals. Pace’s high energy and no BS approach has attracted a loyal following across social media including his KZfaq, his Facebook group community Creative Financing with Pace Morby, and his successful mentorship at subto.com! Students and colleagues boast his expertise in the arena, and he’s known for his ability to tell stories and crush it closing sellers. Though he began his real estate journey as a general contractor running a successful business and then as a HomeVestors franchisee, he and his partner have since amassed over 32 million dollars in buy and hold properties while continuing their full operation of wholesale, fix and flip, and many other symbiotic businesses. Pace is on a mission to bring others tremendous value and snuff out the fluff in the industry.
Follow Pace Morby! 👇
Pace’s KZfaq: / pacemorby
Pace’s Instagram: / pacemorby
Creative Finance Facebook group: / creativefinancewithpac...
Pace’s mentorship: www.subto.com
Watch and Listen to Pace Morby's seller calls here 👇
• Pace Morby Calls Olaf ...
• Pace Morby Calls Olaf ...
• Pace Morby's F150 Stor...
• Pace Morby asks "Are y...
• Pace Morby Explains No...
• Pace Morby video, "You...
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
kzfaq.info...
~~~~
FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next all-day free Livestream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/e56169
~~~~
FINANCIAL PLANNING & RESOURCES
Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. aba.link/s43
~~~~
FOLLOW US:
Instagram: aba.link/instagram
Facebook: aba.link/facebook
Twitter: aba.link/twitter
LinkedIn: aba.link/linkedin
~~~~
CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
---------------------------------------------------------------------------------------------------------
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#realestateinvesting

Пікірлер: 332

@ClintCoons 7 ай бұрын

If you would like a FREE 45-minute consultation, you can request one here: 👉 aba.link/6v1

@ClintCoons 2 жыл бұрын

🎉 We ALL made it to 100K! 🎉 Thanks everyone! I’m thankful to all of you for helping me grow this page and community. My platform would be nothing without all of you, so thank you for sticking around and supporting our journey of learning in real estate and asset protection. To the 🚀 and 1M!!! All the best, Clint

@pazzlasolem2302 2 жыл бұрын

Thank you so so much!!! 💕💕💕

@UltimateBargains 2 жыл бұрын

Price doesn't concern me as much as sensible payment terms. "Mr. Seller, if you can be flexible on payment terms, then I can offer full value." "Mr. Seller, which is more important to you: How MUCH money you get, or WHEN you get your money?" Creative financing solves huge problems for both buyer and seller.

@bigdaddyjoshua 2 жыл бұрын

Opting out of installment sale treatment is pure gold.

@Mar1293 2 жыл бұрын

I would love a part 2. I’m just starting out and this is great information for the future.

@abbyhosey 2 жыл бұрын

"Except it takes forever and it's horrible". I love this guy 🤣 I have always hated the idea of being tied to a bank. Can't wait to find my first seller financing deal.

@robertruschak7083 8 ай бұрын

👍🏿👍🏿

@alliesteamc3546 2 жыл бұрын

Congratulations to Mr.Pace Morby! And thanks for sharing and teaching!

@atlakatl3555 2 жыл бұрын

Real educational sense you guys, thank you for this lesson. Please please do lesson two. Thank you so much

@alliesteamc3546 2 жыл бұрын

Thanks so much for sharing your experience! May you be blessed!

@ETrevizu Жыл бұрын

I have been watching Pace’s stuff. I started the mastermind, I want to learn all I can, don’t only want to learn I need to act so this is one more I’m watching to learn. Thank u both for sharing.

@darianrichardson9709 2 жыл бұрын

This dude is a legend, great authentic value here!!!

@kimberlymcclintock-walla3528 2 жыл бұрын

The timing of this video couldn't be more perfect! Part 2 would be great! Seriously generous "no fluff" content -keep it coming! LOVE you guys at Anderson and Infinity Investing.

@ClintCoons 2 жыл бұрын

You got it!

@patrickmoore4712 2 жыл бұрын

Yeah excited for part 2!

@tinaherron6523 Жыл бұрын

Absolutely! These two together are a dynamic group, can’t wait for more!!

@johncatanzaro9627 2 жыл бұрын

Hey Guys, This Was The Bomb Video That I Needed.. Thx Pace And Clint.. Looking Fwd To The Next Videos... : ))

@luispadovani3788 2 жыл бұрын

Yes pls do part 2!! Need to learn all this, I want to do this, always have!

@alliesteamc3546 2 жыл бұрын

Yes please share step by step! Many thanks!

@globalgogetter4469 2 жыл бұрын

Definitely would like to see a part 2!

@Thefewfunds 2 жыл бұрын

By the way just heard you bring up Charlotte NC...that my home town...when I was in high school I watched my then mentor buy properties all over Charlotte, years later I'm getting into the game but starting here. Thank you guys

@tinaherron6523 Жыл бұрын

Great video, I have subscribed to both of your channels. Great material, I will be using this for my first seller finance and sub2 deals. I’m excited to try both!! 😊

@javiermedina9063 2 жыл бұрын

Thank you very much Clint for sharing such a valuable information. 🙏

@ClintCoons 2 жыл бұрын

Glad it was helpful!

@Jester2b04 Жыл бұрын

Please do a Lesson 2 and More .... wow so much Value in this video, it deserves a re-watch. Thanks so much gentlemen!!

@ClintCoons Жыл бұрын

We did.

@waynegebhardt2801 2 жыл бұрын

Very interesting, good stuff Love to understand different ways to explaining the opt out to a seller finance for capital gains the first year..

@ClintCoons 2 жыл бұрын

Glad you enjoyed it!

@Lesterpants 2 жыл бұрын

This is an amazing video, thanks guys.

@SunShine-jq7tl Жыл бұрын

Thank you both for your time and information.

@ClintCoons Жыл бұрын

You bet!

@Cali_Girl1 Жыл бұрын

45:35 Yes! Please have a conversation about 'Imputed Interest'.

@dscrmortgagegal 2 жыл бұрын

Awesome! Thanks guys ❤

@oneparadiseinternational4138 4 ай бұрын

Fascinating. Part 2, please.

@Lrcomedy101 2 жыл бұрын

🙏🏽❤️ for sharing and excited to learn more a part 2,3,more

@ClintCoons 2 жыл бұрын

You are so welcome

@Thefewfunds 2 жыл бұрын

I definitely need a part 2, 3, 4, 5, 6, 7...you get the point. Watching this over a couple times before taking notes.

@kathleenelwood4863 2 жыл бұрын

I know I’m a little late to the party here but here goes nothing. My husband is 62 and I’m 58 and we don’t have a lot to count on for retirement, but glass half full! I am considering making my primary house an Airbnb and would like to structure it as an LLC so I can take advantage of the tax deductions you spoke of to allow me to renovate my childhood home so I can take my 81 year old mother back home to at least enjoy the summers. I’m not even going to pretend I have any clue on how to accomplish this but by listening to you, Toby and Pace I now know it can be done I just need someone to lead the way so to speak. My husband and myself will have to continue to work our full time jobs for a while longer but I know with your help it won’t be until I’m 80. I kept trying to figure it out myself but honestly it’s been exhausting. I saw Effie on Sunday Service with Pace and she actually inspired me to reach out since I know I can’t figure it out on my own but I’m 100% certain with some direction we can get there! Sometimes you just gotta swallow your pride and ask for help. Your assistance would be greatly appreciated.

@deepikaatkinson4111 Жыл бұрын

Great knowledge / Education.. We need more of this.. Thanks guys..

@ClintCoons Жыл бұрын

Deepika Atkinson Thanks for watching.

@Logan.A.rademeyer2147 2 жыл бұрын

Hi Clint and Pace, this was an awesome video, thanks for sharing. Pace, I am curious to the drafting of the note, is it drafted by you after you and the seller agree upon the terms or should it be drafted by an attorney? Please bear with me I am fairly new to the terms you guys use.

@marcsegien3544 2 жыл бұрын

Awesome video. Part 2 please

@sjconley52 2 жыл бұрын

Very insightful -- Thank you!!

@ClintCoons 2 жыл бұрын

👍

@skate4n 2 жыл бұрын

You’re amazing Pace!!!

@Cali_Girl1 Жыл бұрын

This is excellent! Thank you for the information! 👍

@ClintCoons Жыл бұрын

Glad it was helpful!

@malcolmbrownson5205 2 жыл бұрын

Love 2 see.........Part Two!!

@glennthornton9357 2 жыл бұрын

This video was so good! When he talked about giving the seller the price they wanted… light bulbs starting firing in my head. 😅💡It’s always good to lead with value. I heard another guy said something similar when he was hiring employees for his 100 million dollar company. He asked them what they wanted their salary to be during the interview and gave them exactly what they wanted lol. But he knew these employees were experts in their positions. The boss wanted to get them excited for their job at the beginning… knowing that he could fire them if they was not as good as they said they were. :)

@ClintCoons 2 жыл бұрын

When making offers remember - My price your terms or your terms my price.

@glennthornton9357 2 жыл бұрын

@@ClintCoons Definitely 👌

@dekayalebarney8499 2 жыл бұрын

This was awesome information thank you both. Where can these contracts be obtained or do they have to be drafted with an attorney?

@MauriceWakefield Жыл бұрын

Just came across this video. This is such value. thank you.

@ClintCoons Жыл бұрын

Glad it was helpful!

@phillipphu5937 2 жыл бұрын

Thanks Guys

@adolfocastro4338 2 жыл бұрын

Yes I would love to have a part 2 so that I can continue not only learn but also see how it is done you can sign me up for the next one.

@ClintCoons 2 жыл бұрын

Just finished it yesterday. Plan to have it up in a week or so.

@revl595 2 жыл бұрын

Love this! Signing up with Anderson Business Advisors was such a great decision for us!

@ClintCoons 2 жыл бұрын

Thanks Rev.

@57muzic 2 жыл бұрын

This is good stuff, thanks!

@ClintCoons 2 жыл бұрын

Thanks for watching

@charlesrobichaud-parahawkm4088 Жыл бұрын

outstanding, thank you. I learned a lot.

@ClintCoons Жыл бұрын

Very welcome

@yolimonty4898 24 күн бұрын

Blessings Yawl. Amazing. Gracas Señor Clint, Señor Pace.

@reodconstructionfacilities1619 Жыл бұрын

Great Information

@nuttyjobstillsucks 2 жыл бұрын

does anybody know what paperwork is involved? subject 2 deals promissory note for real estate and then what kind of deed transfer? for Texas?

@markfree6832 Жыл бұрын

Please Due a part two on AirBB set up..this content is so valuable and you are providing it without a huge cost to the little guy!

@ClintCoons Жыл бұрын

We did. Check the channel for the second video

@royburke7817 2 жыл бұрын

This is eye-opening info. I just subscribed to the channel. I am sold on seller financing.

@ClintCoons 2 жыл бұрын

Roy Burke Thanks for watching.

@freechurchpress3571 2 жыл бұрын

Part 2 pls... Luv it

@ClintCoons 2 жыл бұрын

Will do

@antoniochia5801 2 жыл бұрын

Do a part two on creative financing and what paperwork to use

@yolimonty4898 24 күн бұрын

Absolutely love this.

@ClintCoons 22 күн бұрын

Thanks

@ARYUSops 2 жыл бұрын

The two legends met

@hillaryfeel2346 2 жыл бұрын

Great videos

@awmpropertygroup3839 2 жыл бұрын

Yes Part 2 Please! Sub2 student.. Great Video

@crisgraham4062 2 жыл бұрын

Hey Pace, on the Poyer couple's deal in Maricopa AZ, since it was a 0% deal..did you include a "substitution of collateral" clause? If no, what were thoughts as to exclude it? Thanks again for such amazing content, please keep adding value to the industry and being an example of the value we bring and how it can be done with intergrity!

@lilwolfgirl5169 Жыл бұрын

Hi Cris can you explain what a substitiution of collateral is?

@angeltorracaofficial 2 жыл бұрын

Great Info.

@ClintCoons 2 жыл бұрын

Thanks for watching!

@avelinalindawan6218 2 жыл бұрын

Mind blowing!

@ClintCoons 2 жыл бұрын

👍

@randybates789 Жыл бұрын

Best RE video on KZfaq!

@ClintCoons Жыл бұрын

Wow, thanks!

@relandeefabreuluxe9513 2 жыл бұрын

How do I structure the deal like his to have the creative financing contract? is it done by a lawyer or the buyer?

@gilbertsingh7967 2 жыл бұрын

Good stuff !!!

@ClintCoons 2 жыл бұрын

Glad you enjoyed it

@judyrose3054 Жыл бұрын

That's the way I learn too Pace. Part 2, 3 or more..

@pamnugent1062 Жыл бұрын

Yes add more info on this!

@ClintCoons Жыл бұрын

Noted!

@poshpasha 2 жыл бұрын

great conversation

@ClintCoons 2 жыл бұрын

AlpMade Thanks for watching.

@YvonneLeduc Жыл бұрын

I am interested in part 2. I am currently managing my first Air bnb and ready to start my second one

@schoke03 2 жыл бұрын

Isn't the Cash On Cash Return is actually 432% 🤔? (I believe the numbers were switched that were divided)

@geminivending Жыл бұрын

Can you also breakdown the #’s on the Air b & b? The rates, vacancy rate, monthly fees for service/air b&b upkeep 🙏 ✌️

@ethanhokanson7707 2 жыл бұрын

This is fantastic!! Is there a part 2?

@ClintCoons 2 жыл бұрын

In the works.

@helenawu3688 2 жыл бұрын

this is amazing!!! where can we find those recording memo on his iphone?

@chadgriffith5819 2 жыл бұрын

To humid in Houston lol Yea I live here! Brutal......

@royburke7817 2 жыл бұрын

I am listening to your show on father's day, a Sunday, and I am at work. I don't want to repeat this next year. So how do I break out of this trap?

@robertthehair658 2 жыл бұрын

Where do you find a good AB&B manager?

@PittToNYC Жыл бұрын

For seller financing deals with a balloon payment after 15 or 20 years, do you still use a 30-year amortization schedule? And is it a traditional 30-year amortization schedule where the interest will be mostly front loaded at the beginning?

@ClintCoons Жыл бұрын

You can if you want to keep the payments low for the buyer. Its optional but it is the most common strategy.

@SemiraStone 3 ай бұрын

Wow, in 2024, thank you for sharing ❤

@ptbinvestt 2 жыл бұрын

Hey, Do Part 2 Please!

@thelmaclark5482 2 жыл бұрын

I really want to learn the step by step on this seller financed property. I have somebody who wants to sell their house while the market is still good for the seller and get the price they want, get their money and rent from the new owner(buyer) for a year, wait for the market to shift downward, or until they find the right property they wanted to buy without any pressure from the new owner that they will be kicked out of the house anytime. Can you please show me how to calculate the numbers on both the seller and the buyer side so that it will be a win-win situation for both sides? Thank you.

@positivitybytony 2 жыл бұрын

How are taxes and insurance paid separately from the mortgage created with the seller? Who gets that money?

@kelleycooksey4593 2 жыл бұрын

Please do a part 2 ty

@oracioflores9664 2 жыл бұрын

Where can we find the note? I would love to read it over.

@timluna8173 2 жыл бұрын

We want part 2 please.

@albinothug Жыл бұрын

Is there a link to the follow up video you were talking about @ 35:00 ?

@erikhernandez9146 2 жыл бұрын

Pace, how do you convince a seller to do Sub To and explain they don’t have to worry about the mortgage under DTI. Or still being reliable. And about the contracts how or where to get them etc..

@allach1772 11 ай бұрын

Contracts hard to get unless you are a student. Or unless they are partial. To reduce DTI build leasing agreement.

@StreamingF1ydave 2 жыл бұрын

Id love to hear more about imputed interest.

@eilenblanquicett7742 2 жыл бұрын

I need to rewatch this a couple times

@allach1772 11 ай бұрын

Even if you rewatch it 100 times you won’t understand…. It requires years of learning.

@paullightfoot9028 8 ай бұрын

Please do Part II for advice on how to put all of this together and the forms I needed to use.

@ClintCoons 8 ай бұрын

We did. Search my channel for Pace

@melissabruno8673 2 жыл бұрын

Part 2 please.

@user-bt6jn6wg2b 4 ай бұрын

Thanks Clint and pace. This is Lee Gray.

@richcascio 2 жыл бұрын

Pace did the money that you put up come out of your pocket or did you, partner,/borrow from someone?

@chrisduhon7922 2 жыл бұрын

Do part 2 please. I have been following Jerry's wholesaling plan and have earned $$, but this strategy is really appealing. How is the air BNB business? Any chance of having to pay that note because nobody gets the air bnb?

@theeffectiveprogressive 2 жыл бұрын

How is the wholesaling going?

@911SuzieQ Жыл бұрын

Gosh i need to know more about that tax thing Clint was talking about at 24 + mins

@AngelGarcia-er5ct 2 жыл бұрын

Where and how do I get all the necessary paperwork so I can present to the seller for the seller financing deals? Or is that something I have to go to a title company for?

@ClintCoons 2 жыл бұрын

Check out Pace's channel for this information.

@alexandernetworksinc.2916 2 жыл бұрын

Part 2 and Part 3, please

@jimster7645 2 жыл бұрын

hey where is the link to the seller conversation that pace was referencing ?

@michaelreyes5274 2 жыл бұрын

Let's do Part 2!!

@ClintCoons 2 жыл бұрын

I am working on nailing him down.

@StreamingF1ydave 2 жыл бұрын

How are you pulling $20k from that house? $1k/night rate?

@estherlugo3447 Жыл бұрын

10k lol not 20k

@bryanbell9103 Жыл бұрын

@@estherlugo3447 he said it grosses 20k a month, 10k after all the expenses are paid. So again how is he renting a property for $1,000 a night that he purchased for $500,000?

@tammyjordan1013 2 жыл бұрын

I need a love button, like is not enough!

@vinny1010 2 жыл бұрын

Where can we get the recording?

@codyschlenker6821 2 жыл бұрын

I want to see how quickly they get tenants and how to price rent competitively.

@bluerabbit1236 2 жыл бұрын

Thank you Clint. This was an eye opening video. My only concern is, in these type of seller financed deals you assume the landlords are going to do their parts. What if a landlord defaults on the mortgage payment, or dies etc? What happens to all the payments you've made then, since the mortgage is still under his/her name?

@ClintCoons 2 жыл бұрын

Great point and that is why you should be making the mortgage payments directly to make sure it does not fall into default or else you can get screwed.

@singingwindrider9881 Жыл бұрын

I would add that your agreement should spell this out as well.

@Pattiecake Жыл бұрын

Great video Clint, very informative. I am getting ready to apply this to a deal I just came across. I do have a question though and may have missed it but would the seller still have a mortgage they are paying directly to a bank? How would I as the investor protect myself from them defaulting on the loan if I am paying them directly?

@ClintCoons Жыл бұрын

You could pay the mortgage directly.