Get Creative with Pace Morby

Welcome to a new episode of Get Creative. In this episode. Molly chats with Justin Burch and Michael Baker about their journey in the world of real estate. They discuss navigating tricky deals, leveraging community expertise, and the benefits of creative financing. From dealing with non-communicative sellers to exploring opportunities in assisted living. 

Highlights:

"Applied knowledge is power because you can learn stuff and not do anything with it, and it's not gonna take you anywhere."

"Positive conversations can release oxytocin, making us feel better and more energized."

"You can't dive deep enough into each of those topics to really get great at any of those things."

Timestamps:

00:46 - The Louisiana Deal

02:41 - Hiring Mike as TC

03:43 - Title Report Issues

07:22 - Negative Escrow Surprise

08:17 - Interest in Assisted Living

09:30 - Exploring Zoning Regulations

11:56 - Creative Closing Strategy

13:55 - Learning and Networking

17:28 - Advice for New Investors

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Welcome to a new episode of Get Creative. In this episode, I joined RJ Bates over at The Titanium Vault! We discuss our journeys in creative real estate. We also talk about bouncing back from financial setbacks, leveraging creative financing, and documenting his path to success. This episode is brimming with valuable insights, practical advice, and inspiring stories that will leave you motivated to take on the real estate world creatively. 

Highlights:

"We all have more in the tank than we think we do."

"Positive conversations can release oxytocin, making us feel better and more energized."

Timestamps:

01:11 - Creative Financing Expertise

02:20 - Creative Financing Strategies

04:05 - The Power of Marketing and Ads

07:05 - The Importance of Documentation

09:23 - Navigating Financial Setbacks

11:19 - Becoming the SubTo Guy

23:02 - Building a Brand Through Chaos

35:11 - Over-serving as a Way of Life

45:42 - Setting the Pace and Creating New Ideas

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Welcome to a new episode of Get Creative. In this episode, I joined Nick Lamagna on The A Game Podcast. In this episode, I reveal the secrets behind my creative financing strategies and the journey from contractor to industry leader. I also talk about many ways to overcome financial setbacks, manage contractors, and the power of creative finance in today’s market. 

Highlights:

"Every time I step away from my business, it grows because my team takes ownership and thrives."

"Creative financing is the fastest, easiest way to build long-term wealth and make money today in terms of cash flow."

Timestamps:

03:48 - Loving the Real Estate Game

06:23 - The Power of Rocket Fuel

08:56 - Transition from Construction to Investing

10:36 - Buying a Franchise and Learning Creative Finance

11:52 - Handling Financial Setbacks

15:00 - Managing Contractors Effectively

29:55 - Understanding Creative Financing

44:00 - Protecting Against Market Shifts

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Welcome to a new episode of Get Creative! Today, Molly sits with Rocio Pineda and Daniella Devine to discuss their challenging yet successful real estate deal in Alamogordo, New Mexico. They share their firsthand experiences of navigating complex transactions, overcoming multiple obstacles, and the importance of community and persistence. From dealing with unique state regulations to leveraging the power of mentorship, this episode is filled with insights and lessons for both new and experienced investors.

Highlights:

"Every transaction is different, and there's always something new to learn."

"Helping people and building trust is the true reward; the financial gain is just a cherry on top."

Timestamps:

00:00 - Meet Rocio & Daniella

00:50 - The New Mexico Challenge

01:45 - The Deal Begins

03:17 - JV Partnership

05:18 - Overcoming FHA Hurdles

07:22 - Finding a Solution

09:55 - The Role of Attorneys

12:03 - The Rewarding Outcome

15:11 - Joining the Communities

17:46 - Continuous Learning

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Welcome to a new episode of Get Creative. Ready to take action in real estate but worried about making mistakes? Adrian Miller and Urania Smith share their inspiring (and sometimes hilarious) experiences on the path to creative real estate success. You'll hear Adrian's story of taking a bold move without informing Urania, and Urania's journey through analysis paralysis. Together, they unpack the importance of action, learning from mistakes, and overcoming the fear of asking forgiveness. Adrian and Urania discuss targeting specific areas, wholesaling deals, structuring deals without a dime, and leveraging the power of networking. They'll also emphasize the importance of community and collaboration, all while keeping the ultimate goal in mind: helping families find their dream homes.

Highlights::

"Let's just take some action and then we'll pay for whatever you want to join later." 

"We're not just doing deals; we're solving real problems, turning challenges into opportunities." 

Timestamps:

00:47 - Joining the Community

01:29 - Diving into Real Estate

03:32 - First Chicago Deal

06:23 - Investment Strategies

08:13 - Refinancing Plans

09:15 - Creative Deal Structuring

14:01 - Year One Achievements

17:46 - Community Impact

26:32 - Teaching and Influence

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Welcome to a new episode of Get Creative. In this episode, we’ll go through the world of business transformations. I'm joined by Cody Barton, an expert in acquiring and turning around struggling businesses for massive profits. We unpack the secrets to real estate success, share insider tips on creative financing, and discuss the important role of leadership and culture in reviving business operations. 

Highlights:

"If you can understand the financials and the money aspect of the business, managing the money, where it goes, how to track it, you have a 99% edge over everybody else."

"The difference between businesses that succeed and those that don't often comes down to leadership—removing the wrong people and empowering the right ones."

"We're not just buying businesses; we're solving real problems, turning pain into profit, and transforming challenges into opportunities."

Timestamps:

04:09 - A Successful Property Turnaround

06:27 - Failing Business into a Profitable Venture

09:01 - Challenges in Businesses and Acquisition Opportunities

12:44 - Exploring Business Acquisition Platforms

19:00 - Financial Mismanagement in Business Purchases

24:21 - Effective Delegation on Business Scaling

33:28 - Introduction toScale with Pros Platform

51:36 - Scaling New Heights in Business

Welcome to a new episode of Get Creative. In this episode, we dive into Keleisha Carter's journey through the world of real estate. Discover how Keleisha transitioned from quitting her job to nailing down creative financing strategies. This episode is filled with practical insights and real-life strategies that can help any aspiring real estate investor make the most out of their opportunities. Tune in to learn, get inspired, and discover how you can also use the power of creative financing in your real estate ventures.

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Welcome to a new episode of Get Creative. In this episode, Molly chats with Jacob Tapia, a fireman transitioning to a full-time real estate investor in Albuquerque, New Mexico. Jacob shares his experiences and lessons learned from a challenging real estate deal that almost went south. With a mix of humor and sincerity, Jacob shows how community support and smart advice helped him turn a tricky situation into a learning opportunity. Join us in this talk mixing real estate wisdom with personal growth stories.

Highlights:

"Once you get your first deal done, it's going to help out... It's proof of concept."

"It was nice to have the mentors come in and be like, 'That's not how you should go about it.' So I had to go eat crow."

"By being capitalists, we get to actually help people and stand in the gap where normal banks wouldn't."

Timestamps:

00:00 - Introducing Jacob Tapia

01:36 - Jacob's Transition from Fireman to Real Estate

04:19 - Valuable Mentorship and Rejecting a Bad Deal

06:48 - Lessons from the Deal: Listen to Your Wife!

09:16 - Resolving the Deal and Helping a Family

12:01 - Promotional Segment for Sub Two Students

14:47 - The Impact of Community and Investor Ethics

18:37 - Jacob Shares Advice for New Investors

23:59 - Learning from Mistakes with Title Companies

25:47 - Jacob's Goals and Future in Real Estate

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Welcome to a new episode of Get Creative. I joined Veena Jetti on her podcast Clever Investor Show where we share their expert insights on multifamily properties and creative financing. Join us for actionable tips and deep dives into the complexities of the real estate market. Get ready to learn strategies that could revolutionize your approach to real estate investing!

Highlights:

"In real estate, you never have a money problem, you only have a creativity problem." 

"Every dollar of additional bottom line income is a $20 addition in the value of the asset at a 5% cap rate.”

"Build wealth at warp speed right now. This is the moment to go as fast and aggressively as you can. There’s so much uncertainty and change coming."

Timestamps:

00:02 - Introduction: Veena and Pace Join the Show

01:05 - Real Estate Strategies

02:15 - The Key to Real Estate Success

03:11 - Multifamily Market Dynamics

05:11 - What Is 'Normal' in Real Estate?

06:19 - The Shift in Real Estate Strategy

10:03 - Fast Property Turnaround: A Success Story

16:17 - Debating Debt Quality in Multifamily vs. Single Family

22:29 - The Importance of Community in Real Estate

41:15 - Future of AI in Real Estate

Welcome to a new episode of Get Creative. In this episode, I joined Jamil Damji on The Clever Investor Show. We dive into our journeys through real estate, from thrilling success to challenging lessons learned along the way. Join us and learn more about making 7-figures in the real estate world and get a good dose of inspiration to fuel your path to success.

Highlights:

"I’m over 5000 [deals]... But it pales in comparison to the relationships that I’ve made in doing that volume of transactions."

"Every single time you do a deal, you're learning. You're failing forward, you're understanding what to do next time." 

"For every new level there's a new devil. And I think that every one of those opportunities that is given to you, while you don't see it in the time, is a blessing for a learning moment." 

Timestamps:

00:22 - Introduction to Pace Morby and Jamil Damji

04:59 - The Significance of Relationships in Business

17:04 - Explaining the 'SubTo' Real Estate Strategy

22:39 - First Steps in Wholesaling

32:04 - Building and Sustaining Professional Relationships

39:03 - Real Stories of Partnership and Trust

45:06 - The Power of Reciprocity in Busines

50:18 - Evolution of Entrepreneurial Mindset

01:02:37 - Mentorship: Its Impact and Necessity