Get Creative with Pace Morby

Welcome to a new episode of the Get Creative Podcast.  In this episode, I joined Steve Trang on Real Estate Disruptors.  We talk about my experience in overcoming financial adversity and deal-making. I share insider secrets on using creative financing strategies to build wealth in real estate. With stories of starting from scratch to acquiring multifamily units without traditional bank loans, this episode is packed with insights for anyone looking to break the mold in real estate investing. We try to demystify complex topics like "SubTo" deals and seller financing, making them accessible to both new and seasoned investors. 

Highlights:

"Creative finance will dominate. If you're just learning wholesale right now, good luck. You're going to get left behind."

"The value of anything is not the purchase price. It's what you can do with it."

"Holding properties is my main objective. True wealth is not built by just getting cash flow. It's by having your tenants crowdsource your retirement."

Timestamps:

00:00 - Journey from Bankruptcy to Billion-Dollar Deals

05:00 - The Power of Seller Finance in a Tight Market

10:00 - Mastering Subject To Deals

15:00 - Multifamily Success with Creative Financing

20:00 - The Importance of Building a Strong Network

25:00 - Navigating the Shifts in Real Estate Market

30:00 - Zero Down Success Stories

35:00 - Pace's Formula for Evaluating Deals

40:00 - The Future of Creative Financing in Real Estate

45:00 - Personal Growth Through Real Estate Investing

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Welcome to the Get Creative podcast. In this episode, we dive into the world of real estate with Jordan Belfort on the Wolf’s Den. We talk about turning properties into profits through flipping, wholesaling, and creative financing. Whether you're curious about breaking into real estate, scaling your portfolio, or exploring Airbnb opportunities, we have practical insights and step-by-step guidance to demystify the process. Discover how to start with little to no money down, why real estate is an accessible path to wealth for anyone motivated, and how to navigate the challenges and triumphs of property investment. 

Highlights:

"The greatest thing about real estate is not just the wealth it builds but the freedom it provides. You can literally start with nothing and carve out a fortune by solving problems for others." 

"Equity comes and goes, but cash flow is forever. The real magic in real estate isn't just in acquiring properties; it's in generating lasting wealth through smart, consistent cash flow strategies."

"The secret to success in real estate, or any endeavor, really, is finding the right community. No one achieves greatness alone. It's the support, the collaboration, and sometimes even the competition, that drives us to new heights." 

Timestamps:

02:09 - Diving Deep into Real Estate Opportunities

02:49 - Pace Morby's Multi-Faceted Real Estate Approach

10:00 - The Simplicity of Starting in Real Estate

15:00 - Understanding Creative Financing Options

20:00 - The Power of Leveraging Other People's Money

25:00 - Success with Subject-To Investing

30:00 - Overcoming the Fear of Starting

35:00 - Pace's Personal Turning Point

40:00 - Building a Real Estate Community

Welcome to a new episode of the Get Creative podcast. In this episode, we dive deep into the world of creative real estate financing with the On the Market podcast. I share my experience in "SubTo", seller financing strategies and knowledge on acquiring properties with minimal to no upfront cash. Whether you're battling high interest rates or looking for innovative ways to expand your real estate portfolio, these insights offer a new perspective on tackling today's market challenges. 

Highlights:

"It's like taking candy from a baby because we know how to scale and operate businesses." 

"I'm happy about [the market cooling]. It resettles the sellers... and gives us an opportunity to jump in and buy these types of deals."

"The only thing I will ever invest my money in is real estate, and I'm not wasting my time and energy anywhere else." 

Timestamps:

00:00 - Welcome to the Episode

01:46 - Introducing Pace Morby

20:00 - Seller Finance Explained

21:38 - Creative Financing Success Stories

27:30 - Why Sellers Choose Seller Finance

34:39 - Multifamily Sellers' Openness to Terms

40:00 - Seller Finance vs. Cash Deals

44:18 - Expanding Deal Flow-Through Creativity

54:42 - Subject To Deals Spotlight

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Welcome to a new episode of the Get Creative Podcast. In this episode, we give you the blueprint into the world of creative real estate investing with Clint Coons, Esq. Podcast. We share some groundbreaking strategies and reveal some industry secrets in the ever-evolving real estate market. From the power of creative financing to the art of negotiation, this episode is packed with a lot of insights for both new and seasoned investors. Join us as we show you how to navigate seller's markets, tackle foreclosures, and unlock new levels of investment opportunities. 

Highlights:

"It's not that I'm even paying more, it's just that my terms are so favorable to me that really the purchase price is insignificant." - Pace on the art of deal structuring.

"Every path actually works as long as you actually apply the teachings and you take action." 

"I want to yell so loud and be so loud with my social media that I'm almost going to yell so loud that a five-year version of me five years ago can hear me." 

Timestamps:

00:00 - Pace Morby's Return & Insights

01:30 - The Edge of Terms in Buying

06:17 - Creative Financing Explained

12:03 - Introducing the Morbi Method

18:12 - LLC Strategies for Deals

26:27 - Negotiating and Deal Tips

30:00 - Finding Direct Seller Deals

33:34 - Foreclosure Opportunities

37:26 - The 30-Day Investor Challenge

44:53 - Expanding Real Estate Education

Welcome to a new episode of Get Creative. In this episode, we dive deep into the world of creative financing with Real Estate Rookie’s Ashley Kehr and Tony J Robinson. If you've ever been curious about seller finance, subject-to-deals, or simply finding innovative ways to invest in real estate without breaking the bank, this episode is your golden ticket! We break down complex strategies into digestible nuggets, making creative financing accessible to all. 

Highlights:

"I've never made $1 in real estate by myself. Real estate is a team sport, and networking isn't just a good idea; it's an absolute requirement." 

"Creative financing is not about paying less; it's about thinking more creatively about how you structure the deal. You can often pay more on paper and still come out ahead." 

"The value of anything is not based on the purchase price. It's based on what you can do with it. It's about the utility and the income it can generate for you." 

Timestamps:

00:00 - Introduction to Creative Financing with Pace Morby

01:21 - The F150 Story: A Lesson in Seller Finance

05:34 - Understanding Seller Finance vs. Subject-To Deals

08:14 - Selling a Truck on Payments: The Lightbulb Moment

11:29 - The Journey from Contractor to Creative Financing Expert

16:36 - How to Negotiate Creative Financing Deals

21:47 - Structuring Deals and Legal Considerations

25:56 - Overcoming the Due on Sale Clause

28:17 - Finding Motivated Sellers for Creative Deals

36:52 - Live Deal-Making and Future Workshops

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Welcome to a new episode of the Get Creative Podcast. Ever wondered how someone can own $300 million in real estate without spending their own money?

In today’s episode, I talk with Graham Stephan and Jack Selby on their podcast The Iced Coffee Podcast about financing to build an empire from the ground up. In this eye-opening episode, we dive deep into his strategies, share the highs and lows of my real estate career, and reveal how you can start your own journey in real estate investment. Whether you're a seasoned investor or just curious about real estate.

Highlights:

"You probably already know this... There's currently 600,000 homes that are non-performing in the United States. We're starting a business right now to take these houses off of our plate." 

"The craziest thing about real estate. I don't even have to apply for that loan. I don't have to assume it, I don't have to apply for it. Nobody checks my bank balance, nobody asks for my tax returns, nobody asks for anything." 

"Equity comes, equity goes, but the cash always flows." 

Timestamps:

00:00 -Pace Morby's $300 Million Real Estate Empire

01:00 -The King of YouTube: Graham Stephan Praise

02:00 -600,000 Non-Performing Homes in the US

04:00 -Strategies for Taking Over Mortgages

06:00 -Buying Houses with 3.65% Interest Rates

08:00 -The Appeal of Sober Living Investments

10:00 -Dealing with Due on Sale Clauses"*

14:00 -Executing Contracts and Lease Options

24:00 -From Contractor to Real Estate Mogul

33:00 -The Bunny Story: First Creative Finance Deal

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Welcome to a new episode of the Get Creative podcast. In this episode, I dive into the world of innovative real estate investment on Grant Cardone’s Podcast. We talk about how to use creative financing strategies to secure deals with no money down, and how you too can tap into these methods to expand your real estate portfolio. This conversation is packed with insights, from seller finance deals to the power of controlling debt. Get ready to challenge everything you thought you knew about real estate investing!

Highlights:

"It's criminal not to know how to [use creative financing. It's the most powerful tool in real estate."

"I'm in the business of controlling debt. That's all I do."

"You're offering them the money they want, as long as they give you the time you need." 

Timestamps:

00:00- Introduction to Creative Financing with Pace Morby

05:00- Finding the Right Deals through Seller Finance

10:03- The Power of Seller Financing for Long-term Gains

15:22- Understanding the Difference Between Title and Deed

20:00- The Legal Framework of Subject To and Seller Financing

25:52- Utilizing Subject To for Real Estate Deals

30:24- Scaling with Seller Financing in Multifamily Units

35:00- The Impact of Banking Changes on Creative Financing

40:00- Personal Stories of Successful Creative Financing Deals

45:00- The Future of Real Estate Investing and Creative Financing

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Welcome to a new episode of the Get Creative Podcast. I’ve joined Ryan Alford on the Radcast Podcast. Get ready for a deep dive into the world of real estate. In today’s episode, I share the secrets to my real estate success, and how family plays an important role in my life. I also opened up about the strategies that have allowed me to navigate the real estate market, from creative financing to building a powerful brand that attracts the right deals and people. Today’s episode is packed with valuable lessons and heartfelt stories. Tune in and get inspired to take your leap into the world of real estate!

Highlights:

"Eyeballs are currency in 2022. And going forward, people that don't understand that and are stuck on the conversation like 'How do I market?' are missing out." 

"Your vibe will attract your tribe. And as you authentically post and are genuine about who you really are, people just want transparency. They want people to be genuine."

"If technique and information was all we needed, then we'd all be skinny, healthy, and wealthy. But it's not. It's the technique, it's the information, but it's also the access to higher-level people and community." 

Timestamps:

00:00 - The Power of Marketing and Branding

03:35 - The Legendary Robert Allen Story

11:57 - Marketing in Real Estate's Epic Transformation

17:17 - The Impact of Masterminds on Success

22:08 - Integrating Mindset with Technique

24:53 - Behind the Scenes of Triple Digit Flip

31:54 - How TV Attention Transforms Leverage

35:25 - The Importance of Real Estate in Financial Growth

39:21 - The Value of Community in Masterminds

44:17 - Family as the Cornerstone of Life and Business

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Welcome to a new episode of the Get Creative podcast. Today, we dive into the world of creative real estate financing as I join David Greene and Rob Abasolo on their podcast BiggerPockets Real Estate Podcast. 

In this episode, I share the mastermind behind countless successful $0 down deals. I’ll discuss how I usually navigate the complexities of SubTo financing, negotiate multifamily units, and transform challenges into opportunities. Whether you're a seasoned investor or just starting out, these insights are important to get you into creative financing, going to help you understand seller motivations and the magic of structured deals. Take advantage of these strategies that could open the door to your next big deal!

Highlights:

"Buyers are liars, sellers are worse. You have to be good at these things to overcome objections because people are not going to seminars like we are, they're not watching hundreds of YouTube videos."

"A SubTo or seller finance deal can be done in less than four hours... It's take out five people out of the transaction; all you're doing is transferring the deed."

"The receipt of real estate is called the deed. Whoever has the receipt is who owns that property."

Timestamps:

00:00 - Creative Financing Intro

00:37 - Multifamily vs. Single Family

02:26 - Mastering Sub-to Deals

03:19 - Hybrid Deal Breakdown

08:37 - Underwriting Multifamily Deals

10:31 - Due Diligence and Seller Lies

18:21 - Agent Challenges in Creative Deals

21:14 - Sub-to & Multifamily Closing Times

27:03 - Length of Ownership Strategy

44:38 - Executive Contracts & Risk Management

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Welcome to a new episode of the Get Creative Podcast! In today’s episode, we dive into a fascinating real estate journey with Tim Yu, a SubTo student turned successful investor. Discover how Tim navigated a seller finance deal in Louisville, Kentucky, and turned it into a long-term investment strategy. From overcoming initial challenges to using the power of community, this conversation is packed with inspiration and actionable insights for anyone interested in real estate investing.

Highlights:

“It's all about the people that you need."  

"I always say the course is more like an appetizer to get you understanding stuff. And then the next step is connecting with people that are ahead of you"  

"They're like, You're so stupid. You didn't you should just focus on one person. I'm like, no, because, like, I need sometimes seven or eight different people on a deal to get the deal done.

Timestamps:

04:56- A Seller Finance Success Story

08:39- Zero Interest Seller Finance Deal

09:55- SubTo Students Involved

11:12- Leveraging SubTo Community

12:51- Balancing W-2 and Real Estate

13:44- Focus on Marketing and Scaling

14:59- Building Friendships within SubTo 

15:12- Exciting Opportunities with Pace Morby

Join my SubTo Mentorship: http://joinpacescommunity.com/ 

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