The MORBY METHOD | Masterclass Video 12 w/ Pace Morby

Рет қаралды 28,290

Жыл бұрын

What is the MORBY METHOD? Creative Finance strategies will be some of the most useful ways to get deals coming in 2023 and beyond! You should understand all possible creative strategies! I sit down with Pace Morby and we discuss all of them at length!
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Пікірлер: 102

@Zachdpate Жыл бұрын

Morby Method is so powerful! I was able to close a 12 unit with no money out of my pocket using this exact strategy. I received a check at closing and got paid to buy the deal. Seller kicked back $100k to me for renovations, cover all closing costs and to pay myself $5k. Turned a dead deal into one of the best deals I’ve ever done. Thankful for Pace creating this awesome strategy!

@FlippingMastery Жыл бұрын

💥💥💥💥

@PaceMorby Жыл бұрын

Appreciate you brother

@mq8543 Жыл бұрын

What do u mean no money out of pocket? So when do you start paying the interest , or points back?

@ourfutureisdark Жыл бұрын

@@mq8543 so it’s never actually no money it just means not a lot of money or less than what you usually would need and this guy is probably a paid bot. The tips are great but they constantly saying you need no money is a down right lie and just isn’t true. You need money to make money

@KiidSh0wtime Жыл бұрын

Just need a community.

@deshonemarshall8633 9 күн бұрын

This is absolutely amazing!! Thank you guys for giving this free master class!!!!

@jourdanmercer5935 Жыл бұрын

OMG!!! This finally clicked for me today! I have been trying to understand how the morby method works for months and this video in how you explained it, it finally made sense to me! I've watched countless videos on KZfaq about it, listened to it on spotify over and over and now it makes sense! This just unlocked another level for me and put another amazing tool in my bag of tricks. Thank you so much! Jerry is a flipping genious and Pace is a creative finance Master

@rachelelwood9656 Ай бұрын

10 children! That’s SO beautiful! The righteous will inherit the earth! Because those who fear God, And love life are raising children and the next generation!

@isaactrujillo2022 Жыл бұрын

Pace, Jerry Thanks for the deep breakdown in this environment for a deeper understanding. Much appreciated.

@brendapolar8506 Жыл бұрын

Thank you, Jerry and Pace! This series is absolutely amazing ✌🏼learning so much!!👍🏼

@llulu2215 9 ай бұрын

At this point I think I’m addicted to these videos!

@user-cn6lg2ws8k Жыл бұрын

am i still watching? I can't stop watching. I've learned more in 12 videos that I've ever learned before. My goal is to have my first property by the end of June 2023.

@StrongBodyandMind33 Жыл бұрын

Are you almost there?

@9xqspx6 7 ай бұрын

Hopefully you already have your first property.

@soaring8467 Жыл бұрын

This is awesome and timely! I actually ran into this situation where the seller needs cash to buy her next house and not interested in full seller’s financing. This is literally the answer I was looking for! 🙌I love the genius brains on this channel! For once, a platform thats growing brain cells. So glad I stumbled upon your channel and Pace recently. Thank you and plan to join your community/program.

@Mamadou.LDiallo Жыл бұрын

Love it Soaring when I joined subto and learned this it was a game changer we acquire lot of properties this way since then :)

@soaring8467 Жыл бұрын

@@Mamadou.LDiallo you’re the infamous mamadou Pace mentioned in his previous challenge. I just joined the upcoming challenge, hopefully we can connect.

@lomker1 Жыл бұрын

@@Mamadou.LDiallo hey. What lender are you going through? I havnt been able to implement this strategy with any lenders yet.

@scottschultz4738 Жыл бұрын

My favorite part of this was Pace saying "Sniping" and making gun fingers. My second favorite part was all of the great content.

@carlosbarron1284 Жыл бұрын

Two REAL Estate Kung Fu Masters of Seller Finance. You guys are spectacularly unreal 👏 .

@michaelreyes5274 Жыл бұрын

Awsome content as one would expect from industry leaders! Love watching/listening/learning from both Jerry and Pace.👍👏

@user-fe7ni4lo7r 3 ай бұрын

at the end you guys have to make a video together where you guys try to implement every strategy on a different seller live on the phone🎉🎉

@cmdv42 Жыл бұрын

Love the long form videos 🙌 Especially when there's two flipping geniuses dropping 🔥💎✨✌

@Robert_English Жыл бұрын

I’m still watching!! Love these. Thank you both.

@jesusrojas-ui5vl 10 ай бұрын

Did get it but I’m going to rewatch a couple more times thanks guys.

@qbeene6853 Жыл бұрын

Theses the videos I needed to see pure conversation about how to do it based off experience

@TequillaSlayden Жыл бұрын

Great video!! This will solve so many problems!! Thanks Pace & Jerry!! ✌️✌️

@moneymijotv Жыл бұрын

Great video! The knowledge that was gained for watching you guys will exponentially raise my ROI on everything! Thank you!

@amyvanslambrook 11 ай бұрын

Amazing series! For FREE. How incredibly generous. 🙏🏻thank you @pace morby and @jerry Norton!

@ricardoramos2746 Жыл бұрын

Amazing, so much to absorb. Thank you guys!!!

@cwyrembelski 8 ай бұрын

Dos Flippin Genii

@jessealfonzo6032 Жыл бұрын

You Gents are the 💣! Grateful!!

@djcoolchangeofftvtheworld3948 Жыл бұрын

Jerry, you're a flipping genius 🎉🎉🎉

@kylewest9403 4 ай бұрын

I'm hooked! You guys are awesome! Thank you! Thank you! Thank you!

@alwayswinning11 Жыл бұрын

Definitely still watching and learning 👍🏼

@brandonbeckley637 Жыл бұрын

You're a flipping genius, I'm following you fighting for my first deal 🤝

@bobbrita9583 Жыл бұрын

Great stuff! Thanks for sharing.

@taniamoreira8898 Жыл бұрын

Great information to look into thank you Jerry and Pace that it really really interesting 🤙

@oyevivotumusica1762 Жыл бұрын

Damn guys, I'm new to real estate and need this type of knowlege thank you. I started buying Homes with Credit cards but it to slow and it based on the how much carrying cost you can afford.

@deckerrandolph5488 Жыл бұрын

I'm LOVING THIS!!! Hey Jerry, this is Decker Randolph in NOLA buddy.

@FlippingMastery Жыл бұрын

Hey decker!

@christinajones7319 Жыл бұрын

Great video!

@Casinowarmaster Жыл бұрын

This is a great buyer strategy…all these sellers must have forgot about the last housing crash when taking a second mortgage position for half the property value.

@jeffstarkco Жыл бұрын

Wowowow studio upgrade! Lookin good fellas

@user-NSD2024 9 ай бұрын

Great discussion! Right on point with our next property. Discussing this with the seller

@merrymatthews5696 11 ай бұрын

You guys do whatever your amazing

@jzfriends8430 11 ай бұрын

amazing content!

@jimmacduff8389 Жыл бұрын

Holy crow - I just feel like I was just handed the God-mode code

@benconfluence9801 Жыл бұрын

Flipping genius 💯

@user-py5or6rq9w 11 ай бұрын

I am absolutely enjoying this video (to God be the glory)! Also, when exercising the Morby method, should I wait a period of time before taking the deed sub-to (to avoid the due-on-sale clause)?

@jove8444 Жыл бұрын

Good stuff

@theonerealestatesecret 2 ай бұрын

Hey Detroit, I'm in Detroit. Still here.❤🎉

@richardwhitmore8602 10 ай бұрын

Very stimulating, on 13th video in 2 day, eating it up

@baileyandila5014 Жыл бұрын

pace and jerry...you spit jewels////

@spiritualru2364 5 ай бұрын

12:50

@leonzworth1877 Жыл бұрын

So I'm new to this. And I'm still at a learning stage. I got a question for some of you seasoned flippers and investors. I heard that the government are enforcing regulations on selling properties after its being refinanced from hard money lending to 30 year fixed. Basically you can't sell the property until after a 6 month period. If this is true. What do you do in that case?

@kidmavusoh Жыл бұрын

Hi Pace and Jerry highly appreciate the content super helpful. But I have a question a seller refinces his/her property and I buy the house through subject to and take over the payment. How the seller know that he/she is protected if I default and whose credits would would be affected if I default

@samsonswaroop 11 ай бұрын

It may not work for everyone! DSCR lenders are super sensitive about lending to newer investors. They would only cover 50-55% of LTV. Also the interest rate Al are so high that the property barely cash flows

@seanbramble Жыл бұрын

Thanks guys - great content! Question though - shouldn't you guys also mention something about disclosure to the first position lender about the second position? Isn't not disclosing wading into mortgage fraud territory? I've spoken to a number of folks in the creative finance space about this method and they all seem to be firm on the fact that this is super risky without the appropriate disclosures

@martinyates3443 10 ай бұрын

This is so great, chomp,chomp

@hotrodlincoln7186 Жыл бұрын

That's a great method, but if a seller does a refi cash right now, it's going to be a high interest rate/high monthly pymt

@KaneOrn Жыл бұрын

So if you assign a morby method, deal whos name goes on the DSCR loan?

@RobertHasty Жыл бұрын

I'm a hands on guy, pen to paper, homework. Wish Pace and Jerry would come out with a course that teaches you how to go over these actual deals so we could actually go through the process as it's happening to us to gain the experience. I would understand this stuff so much faster.

@alankalupa7585 Жыл бұрын

The have mentorship. Find them on Facebook

@Jackjack1978. Жыл бұрын

The information that they are giving you here is deep enough to go get a deal and learn as you go. It's good enough to stumble through and get it done and then through that process you will learn more than they could ever teach you. They could be a thousand times more detailed but until you actually try it for yourself it Will never be 100% clear. Get the outline and then go and learn the details as you're executing. You do not need the mentorship to do this.

@donjesushomes5638 Жыл бұрын

The only potential losser would be seller at second position since a bankruptcy can wipe out a second position lien holder.

@jeffstarkco Жыл бұрын

Q: are there any issues if you SubTo thier existing loan (let’s say it’s 50% of purchase price to keep it simple), then split the remaining 50% of purchase price between down payment and seller carry??

@FlippingMastery Жыл бұрын

Yes that’s called hybrid

@WildJourneyTV Жыл бұрын

Don’t the DSCR need you to bring a large down payment? Is this waived when the seller is willing to put up the 50% equity?

@bradhandy5651 Жыл бұрын

with the Morby method, to get 50% finance in order to pay the seller, does seller have to have 50% or more in equity?

@dinobertagna4491 4 ай бұрын

Can you acquire on Morby method but wholesale it to a boy and hold investor? Or is this a method you can only use if you’re the one holding the property?

@zioncason3042 Жыл бұрын

How do you run the numbers to find out how much money the property will make

@chanwoosong338 Ай бұрын

do you have a video explaining escrow? I can't seem to find it.

@mindingmybusiness9765 Жыл бұрын

Does the seller ever argue the fact they will be 2nd position? So if you default they don’t get the house back right the 1st lien gets it.?

@jamesturrisi391 Жыл бұрын

👍🏼

@AnthonySodaroTravels Жыл бұрын

Can you do a video on who and which people and how to find all the parties needed to get paperwork, titles etc dealt with after you've agreed to terms with your seller?

@blakehenderson9689 Жыл бұрын

Hire a transaction coordinator to do it for you. You'll need it

@theoreticallyspeakingpodca4441 5 ай бұрын

Can I just jump into this with a 5 million dollar deal or is there a threshold??

@USA_MAGA_WWG1WGA 4 ай бұрын

Cut out the back straps lol😅

@derrickhead Жыл бұрын

can you do morby method with no credit check or fees and stuff too with marcus and millichap commercial properties too ?

@tonydeeds6977 Жыл бұрын

Bro i spoke to myinvestorloan the other day you do need credit or someone who does, not to mention they want to know how much cash you have reserves. interest rates are at 13 percent, and you need to show proof you're doing deals Pace left all that out smh lol call them and watch they tell you

@activeinfinity1 8 ай бұрын

How can I make contacts to raise capital?

@JonathanMuirInsurance Жыл бұрын

Question: with DSCR loan, how do you solve the problem of not having good enough credit or their concern that you are 100% leveraged?

@amaniclarke2164 9 ай бұрын

This is the issue I’m running into, it’s basically 100% leverage and they’re still requiring I pay something out of pocket.

@OG__Geek Жыл бұрын

Ok guys, I’m confused. Every time I think I understand this, something comes up that befuddles me. Let’s say there’s a home listed for $80k, it needs a $40k renovation and ARV is $140k. If the seller carries $72k with 10% down, how do I get the $40k for renovation? 72+40 = 112k which is more than 98k (70% * ARV). Will the lender give me the 40k even though the forecast total debt would be 112k? What am I missing?

@tonydeeds6977 Жыл бұрын

Just to inform yall myinvestorloan does check credit i like pace but this is BS i spoke with them on the "phone".. you need cash reserves as well along with 13 percent interest rates, not mention they also want to see if you are actually doing deals

@theonerealestatesecret 2 ай бұрын

Jerry looks good after delivering 10 children. Pace is trying to catch up 🤣

@vincecoleman3504 11 ай бұрын

What’s poppin

@chancecriswell6316 Жыл бұрын

Why does seller only get 70 percent of cash out refinance?

@Palmblvdlife Жыл бұрын

What if a seller says they wont sign your contract, only the state contract that realtors use?

@Fps_junky333 Жыл бұрын

First thing i would ask is why they will only sign an agent contract. Then explain that the agent contract doesnt include the creative terms but is just as valid. Theres probably a concern of security and so you gotta figure out what exactly that concern is.

@dustinsteim5612 10 ай бұрын

I told my son he must have ten kids haha that’s the sweet spot 💪

@nukeba11 Жыл бұрын

I keep running into lenders that are still requiring a downpayment on this. However I do not have money for the downpayment for the hard money lenders downpayment. Is it specific lenders that do this and I just need to find better?

@jesusgpenajr4049 Жыл бұрын

What lender did you talk to that allowed you to put the seller financing in second position? And for your downpayment you can always bring a transactional funder and have the seller carry it back with a little extra so you can pay their fees.

@unclegrandpah8400 Жыл бұрын

My brain is like a 4yr old, I'm not at the 5yr old level yet! I'm still trying to figure out how I would get paid off this & how many lenders or how do I pay the lenders back. 🤔🤨

@theonerealestatesecret 2 ай бұрын

Up my game 😂

@snorttroll4379 3 ай бұрын

Ur not explaining simple enoufh

@yoooyo7936 Жыл бұрын

isn't this mortgage fraud??

@blancaash8807 Жыл бұрын

You guys should charge a subscription charge for this special series. I’d be your first subscriber 😊 You need to capitalize on this. It’s too much free information.