Get Creative with Pace Morby

Welcome to a new episode of Get Creative! Your host, Justin Tuminowski, is joined by Dustin Geroski and Jill Barkley, two experienced real estate investors who have leveraged creative finance strategies to achieve success. In this episode, they dive into Dustin's journey of using an infinite banking policy to finance a Subto deal, navigating VA loan challenges, and exploring the exciting world of co-living opportunities.

Highlights:

"I love that stuff. And so, yeah, I just started, you know, watching the videos that pace is doing, but also reading the books that he suggested."

"We're looking forward to that. These properties that we're looking at are very good deals. It's hard to cash flow because properties are so expensive, expensive in Broward and Dade County."

"Ultimately we got the lease option, like an addendum, just as a safety mechanism originally, like everyone's always afraid to do on sale."

"It's really cool though, because the seller was ecstatic, like he thought he was trapped. He thought he's gonna have to write a big check, and instead he got, we got like 10 grand or something."

Timestamps:

00:00 - Introduction 

01:48 - Jill Barkley's Background and Introduction

02:30 - Dustin Geroski's Background and Introduction

06:16 - Details of the Subto Deal

09:34 - Addressing Missing Appliances

12:27 - Lease Option Addendum and VA Loan Challenges

14:31 - Wiping Away the Debt-to-Income Ratio

17:19 - Successful Outcome for the Seller

20:09 - Co-Living Opportunities and Future Plans

25:32 - Contact Information and Final Thoughts

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

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Welcome to a new episode of Get Creative! In this episode, host Keola Keala sits down with industry leader Phil Thai to discuss his incredible journey from overcoming personal challenges to building a thriving real estate and business empire. Phil shares his inspiring story, the importance of community, and the creative strategies he's used to acquire and scale his latest landscaping business venture.

Highlights:

"This community has been life-changing, honestly speaking."

"If you're not there yet, that's totally cool. If there's not enough pain, they won't change."

"Knowledge is power, but if you don't do anything, that knowledge is useless."

"The Untethered Soul is a really good book for being able to understand yourself, really."

Timestamps:

00:00 - Introduction

01:45 - Phil's Background and Early Challenges

09:00 - The Importance of Community and Taking Action

16:08 - Negotiating the Landscaping Business Acquisition

21:39 - Scaling the Landscaping Business

23:41 - Expanding the Landscaping Business Portfolio

29:34 - Advice for Overcoming Obstacles

34:43 - Using Pain as a Motivator

37:32 - Recommended Reading: "The Untethered Soul"

38:36 - Connecting with Phil Thai

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/ 

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Welcome to a new episode of Get Creative! Your host, Ingryd Hernandez, sits down with Christine Morales from Atlanta, Georgia, to discuss her recent real estate deal. Christine shares her journey, from feeling overwhelmed by the opportunities to teaming up with experienced students and navigating the challenges of her first transaction. This episode is packed with valuable insights and lessons learned for aspiring real estate investors.

Highlights:

"Sometimes it can sometimes feel overwhelming just because you're like, oh, I want this one. Oh, I want this one."

"I never felt like they didn't want my opinion, because I didn't know what I was talking about, because I hadn't done The deal, I hadn't done this, that or the other."

"Once the contract was signed, it was like it hit the ground running."

"Relying on other people, but holding them, you know, letting them know, like, I need you, like I really, I need to be able to rely on you."

Timestamps:

00:00 - Introduction

02:08 - Teaming Up with Experienced Students

04:28 - The Importance of Collaboration and Accountability

08:28 - Overcoming Paralysis and Taking Action

12:30 - The Details of the Deal in Wildwood, Florida

20:25 - Helping the Sellers and Covering Expenses

22:34 - Relying on the Community for Guidance

23:41 - Christine's Journey Through Multiple Communities

25:09 - Gaining Confidence Through Feedback

26:20 - Reaching Out to Christine for Deals

27:01 - Closing Thoughts

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/ 

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Welcome to a new episode of Get Creative! In this episode, we dive into the power of skill acquisition and creative leverage in building wealth, even with limited initial capital. The speaker shares insightful strategies and real-life examples that challenge the traditional notion of needing significant funds to get started in real estate investing. Whether you have $100,000 or are starting from scratch, this episode will inspire you to rethink your approach and unlock new paths to financial independence.

Highlights:

"Money is the most useless tool in real estate."

"The lie they tell themselves when they're W2 employees, what? What's the number one lie? Do you guys think W2 employees will tell me, we don't have time."

"I'll personally guarantee it. I'll even leverage it against my other assets."

Timestamps:

00:00 - The Tortoise and the Hare of Real Estate Investing

06:23 - The Power of Skills Over Money

09:36 - Creative Leverage: Unlocking Wealth Without Capital

12:36 - Lending: A Reliable Investment Strategy

15:36 - The Resilience of Creative Finance

17:36 - Starting a Multi-Family Podcast

22:36 - Conclusion

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/ 

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Welcome to a new episode of Get Creative! In this episode, host Ingryd Hernandez sits down with Michael Sanchez, a seasoned real estate investor from New Mexico. Michael shares his experience navigating the unique challenges of investing in his local market, as well as a creative finance deal that allowed him to expand his portfolio. The discussion covers the importance of community, strategic financial reporting, and leveraging innovative strategies to turn problem properties into profitable assets.

Highlights:

"We're creating a bridge here. All of us are working together to find the right team, the right title, the right lawyers, the right real estate agents to just make it happen."

"Because we're hands on, it makes sense for us to stay in our backyard. And with the population growth, there really hasn't been any reason to leave it."

"Shout out to the greatest community in the world, right? It's great."

"You get these huge numbers whenever you buy a house and sell a house in the same year. That's all revenue that you could show instead of them wiping it out."

Timestamps:

00:00 - Introduction 

01:13 - Introducing Michael Sanchez and His Real Estate Communities

02:18 - Challenges and Opportunities of Investing in New Mexico

06:15 - Implementing the Morbi Method in a Creative Finance Deal

10:31 - A Smooth Eviction Process and Property Renovation

12:36 - Understanding the Mechanics of the Morbi Method

15:19 - Navigating DSCR Loan Challenges

17:45 - The Importance of Proactive Financial Reporting

21:33 - Staying Focused on the Local New Mexico Market

22:43 - Closing Remarks

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

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Welcome to a new episode of Get Creative! In this episode, host Justin Tuminowski sits down with Ja’el and Stacey Thomas, a mother-daughter duo who are dominating the Virginia and Southeast sun belt real estate markets. They share their inspiring story of transitioning from corporate careers to becoming successful real estate investors, leveraging the power of community and collaboration to achieve remarkable deals and help others in the process.

Highlights:

"Collaboration over competition. We pay it forward, pay it backwards, pay it sideways, pay it all the way around."

"We can't do this without each other, without a team of people, like-minded individuals, that are ready to take action."

"We're laser-focused about taking action and making an impact in our communities and beyond."

"We're big on quantity. We're not pressed about getting this huge amount from every single deal. It's about doing more deals and having an abundance mindset."

Timestamps:

00:00 - Introduction 

02:05 - Ja’el and Stacey's Background and Initial Struggles

06:25 - First Successful Deal and Community Support

09:36 - Meeting Paul and Building a Team

13:03 - Negotiating and Closing the Deal

16:02 - Focusing on Win-Win Solutions

18:20 - Pricing the Deal and Selecting the Buyer

22:00 - Leveraging the Community's Expertise

24:32 - Expanding the Community and Future Plans

29:57 - Final Thoughts and Contact Information

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

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Welcome to a new episode of Get Creative! Your host, Jordan Whittenburg, sits down with Jamie Stone, a real estate investor based in Portland, Oregon, to discuss his journey into private money lending and the valuable lessons he's learned along the way. Jamie shares his experiences within the Gator Tribe and Subto communities, highlighting the importance of vetting borrowers, building partnerships, and diversifying your investment strategies.

Highlights:

"If you're tired of sitting on the sidelines, it's time to secure your first deal. Join our thriving community of winners who take action and make their mark in the real estate industry."

"I think most, I would guarantee, most people, their investments would probably be the fund that's kind of targeted towards their age of retirement."

"If you can't get someone to go there, what you can do is get the borrower to go out on the street and show the houses on the street, to show the mailbox, and then show them walking in from the mailbox as proof."

"You can't do everything, and it's better to be focused, is what I'm learning."

Timestamps:

00:00 - Introduction

01:53 - Jamie Stone's Background and Transition to Real Estate

03:49 - The Appeal of Private Money Lending

07:12 - Successful Deal in Jackson, Georgia

11:04 - Navigating Challenges and Lessons Learned

15:57 - Importance of Vetting Borrowers

20:34 - Strategies for Vetting Borrowers

23:54 - Leveraging the Gator and Subto Communities

27:55 - Future Focus and Partnering Opportunities

30:04 - Conclusion

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

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Welcome to a new episode of Get Creative! Today, we're joined by Brandon Miller, a seasoned real estate investor from Peoria, Arizona, who specializes in wholesale real estate and subject-to strategies. Brandon shares his inspiring journey, from his first fix-and-flip in 2015 to his recent $230,000 profit on a subject-to deal. He also discusses how he navigated a low-equity on-market deal, leveraging creative financing to help the seller and find a perfect fit for the property.

Highlights:

"I love getting things under contract subject to creative financing."

"The solution, that's what I bring. Hey, you want to move out, you want to release responsibility for your loan and the property? I'm willing to take that on."

"I wanted to make money. I always want to make money. And I charged them $4,000 for my whole selfie."

"Get off the fence. You know, get going. Get the education. Plug yourself in."

Timestamps:

00:00 - Introduction

01:29 - Brandon's Real Estate Journey

04:02 - Finding Pace and the Subject-To Strategy

07:03 - Explaining a Low-Equity On-Market Deal

10:44 - Negotiating with the Agent

14:37 - Securing the Seller with a Performance Deed

17:22 - Structuring the Deal to Benefit All Parties

20:00 - Finding the End Buyer and Generating Additional Income

23:46 - Overcoming Challenges in the Real Estate Business

26:40 - The Importance of Consistent Practice and Preparation

30:00 - Advice for Aspiring Real Estate Investors

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

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Welcome to a new episode of Get Creative! In this episode, we follow along as Pace, an experienced real estate and business investor, steps in to help Ashley Delaney restructure a cash deal for a pet boarding business in Flagstaff. Pace demonstrates his expertise in creative financing, guiding the seller and Ashley through a more favorable owner-financing arrangement that benefits all parties involved.

Highlights:

"Action takers get rewarded in this video."

"I don't ever underwrite before I make a call. How can a spreadsheet tell you what's going on with the seller?"

"If you're not nervous, you're not doing it right."

"I want to make it a good deal for everybody, because then everybody wins and it's sustainable."

Timestamps:

00:00 - Introduction: Dismantling a Cash Deal

01:13 - Seeking Help from the Subto Community

03:24 - Pace's Approach: Gathering Information

07:26 - Understanding the Seller's Situation

11:50 - Pace's Role and Financing Expertise

15:43 - Restructuring the Deal: Owner Financing

19:59 - Retaining Key Employees and Consulting

23:34 - Protecting the Seller and Structuring Payments

27:14 - Percentage-Based Profit Sharing

32:38 - Conclusion

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/ 

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Welcome to a new episode of Get Creative! Your host, Ingryd Hernandez, is joined by Mike Jackson, a seasoned real estate investor and member of the Gator and Subto communities. In this episode, they dive into a creative real estate deal that involved multiple community members, showcasing the power of collaboration and inclusive strategies in the industry.

Highlights:

"If they have an entrepreneurial spirit, and an entrepreneurial spirit tends to be one that sides on action taken, I would say yes [to pursuing alternative paths over traditional college]."

"The beauty of this transaction was that we were able to get into it for a very, very low entry fee compared to what the purchase price was."

"We were able to help so many people do it, and that's what we really love doing."

"If you've never done a creative deal, if you've never done a real estate deal, maybe outside of your own home, to do the first one, maybe five, maybe even 10, with somebody who's experienced doing it."

Timestamps:

00:00 - Introduction

03:27 - Discussing the value of entrepreneurial paths VS traditional education

06:12 - The freedom and flexibility of being an investor

08:41 - Introducing the creative real estate deal

09:40 - Leveraging the "baby elephants" in the Subto community

10:43 - Details of the Menifee, California property acquisition

11:49 - Wholesaling the property to a Subto member

14:54 - Breakdown of the deal's financials

17:31 - Achieving a record assignment fee for a creative Subto wholesale

20:00 - Mike's approach to JV partnerships and helping newcomers in the industry

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content= 

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/ 

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