Welcome to a new episode of Get Creative! Today, your host is Jordan Whittenburg, and he's joined by George Paredes, a Subto leader from Houston, Texas. In this episode, George shares his fascinating background, from struggling in high school to finding success in the military, the post office, and eventually transitioning into real estate investing. He discusses how he got involved with the Subto community, the challenges he faced, and the strategies he used to close a recent wholesale deal in Magnolia, Texas. George's story is a testament to the power of networking, relationship-building, and overcoming fears to achieve success in the world of real estate investing.

Highlights:

"Leaving the post office was kind of like a shock value, like, 'Oh, wow. What do I do now?'"

"It's about listening first about what's going on, and then being able to be confident enough to provide those solutions based on what the person on the other end is telling you."

"It's being able to take those challenges Jordan and not settling, which is something I can relate to. And when it feels like, 'Oh no, I need to improve. I need to level up.'"

"I would say just, just, it sounds as simple as cliche, but just like Nike, just doing it and obviously understanding, you know, 'What if this happens wrong? What if this happens wrong?'"

Timestamps:

0:00 - Introduction to the Podcast and Episode Overview 

2:00 - George Paredes' Background and Early Life 

4:58 - Transition to Post Office and Real Estate Investing 

9:13 - Joining Subto and Building Relationships 

14:11 - The Magnolia, Texas Deal 

16:36 - Challenges and Solutions in the Deal 

20:55 - Financial Details and Lessons Learned 

23:02 - Expanding the Business and Future Plans 

30:13 - Advice for New Wholesalers 

31:13 - Final Thoughts and Contact Information 

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

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► 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:

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Welcome to a new episode of Get Creative! Your host today is Ingryd Hernandez, and she's joined by Mandy and Keith Konecki, a dynamic real estate investing duo. In this episode, we dive into a unique deal they've undertaken, involving a business attached to a property. We'll explore their creative financing strategies, the challenges they faced, and the lessons they've learned along the way.

Highlights: 

"We primarily focus in the Northeast Florida market in Northwest Ohio, but we're becoming more virtual across the country too."

"We wrote up a lease agreement, and it was $5,000 a month that he would pay us, and it was only supposed to be a six month term, and then at the end of the six months, he would pay us $100,000 back."

"We brought in private money. So that's not, we did not bring 400,000 of our own money. That's private money that we partnered on bringing that in."

"We want to make sure we're always protecting our money lenders as well, because those are partners for life."

Timestamps:

0:00 - Introduction to the Podcast and Gator Tribe 

2:56 - Keith and Mandy's Background and Market Focus

3:52 - Details of the Unique Deal 

15:39 - Challenges and Adjustments in the Deal 

17:22 - Lessons Learned and Future Plans 

19:23 - Conclusion 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 

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Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of creative finance, specifically the strategy of "wraps," with three leading experts from the Subto community. Pace Morby, Alex Kamenetsky, Virgilio (Helio), and Mitch Pomeroy share their insider insights on how they are leveraging wraps to help homeowners avoid foreclosure and create win-win scenarios for all parties involved.  The panelists discuss their unique approaches to networking with real estate agents and loan officers, building efficient systems to handle a high volume of deals, and overcoming industry challenges. They also reveal their plans to further educate and support the Subto community, including a potential foreclosure-focused curriculum and collaborative efforts to dispose of wrap properties.

Highlights:

"YouTube is primarily for showing you what's possible. It's not really getting you in the game." 

"Success is a lousy teacher. The learning curve is where you really learn." 

"If you're at a therapy session, your shrink asks questions to get you to speak, not tries to give you a solution in the first 30 seconds of the conversation." 

"The learning and helping each other out, it always comes back." 

Timestamps:

0:00 - Introduction to the Panelists and Community 

1:22 - Background and Journey of Mitch Pomeroy 

3:30 - Meeting and Collaboration Among Panelists 

7:51 - Introduction to Wraps and Panelists' Strategy 

11:30 - Challenges and Opportunities in the Current Market 

15:09 - Community Engagement and Support 

54:44 - Future Plans and Collaboration 

52:57 - 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:

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Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of creative real estate finance with Pace Morby, a seasoned investor and educator. Pace shares his insights on navigating the challenges of working with buyers and sellers, the importance of understanding creative finance, and the strategies he uses to mitigate the risks associated with the due on sale clause. From the intricacies of sub-two deals to the power of executory contracts, this episode is a must-listen for anyone looking to take their real estate investing to the next level.

Highlights:

"Buyers are liars, sellers are worse."

"I knew the seller right from the get-go was lying to us and trying to shop multiple offers."

"The way to completely annihilate and remove and mitigate, not even mitigate, completely remove the risk of the due on sale clause is you can do what we call an executory contract."

"Welcome to this business. You might have to be teaching agents and the sellers, and ultimately that lead ends up closing with a different buyer."

Timestamps:

0:00 - Buyers and Sellers in Real Estate 

1:08 - Understanding Creative Finance 

2:08 - Background on the Deal 

3:09 - Fund and Investment Structure 

4:41 - Challenges with Time Horizon and Fund Model 

6:10 - Introduction to the Squad Up Summit

7:39 - Discussion on Due on Sale Clause 

8:41 - Two Ways to Handle Due on Sale Clause 

12:05 - Insurance and Due on Sale Clause 

17:34 - Executory Contract Explanation 

25:12 - Advice for Sellers and Buyers 

30:52 - Conclusion 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:

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

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Welcome to a new episode of Get Creative! In this episode, we are joined by Eric, a member of the sub two community, who shares his insights on wholesaling and the financial benefits of Subto deals. We break down a successful deal, discussing how to maximize profits through strategic investments and tax advantages. Tune in as we explore the nuances of real estate investing and how anyone can start making money in this space.

"It's not about what you make; it's about what you keep."

"When something bad happens on my property, I think about it as putting money into my property rather than giving it to the IRS."

"You might make good cash flow, but if you’re not keeping it, what’s the point?"

"The biggest benefit of these deals is the depreciation for tax purposes."

Timestamps:

00:00 - Introduction to the Episode

01:30 - Overview of Subto Deals

05:15 - Eric's Journey into Real Estate Investing

10:45 - Breakdown of a Successful Subto Deal

15:30 - Understanding Depreciation and Tax Benefits

20:00 - Calculating Cash Flow vs. Tax Savings

25:45 - The Importance of Asset Ownership

30:00 - Analyzing Market Appreciation Rates

35:30 - Loan Pay Down and Its Impact on Wealth

40:00 - Final Thoughts on Investment Strategies

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http://joingatortribe.com/yt 

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Welcome to a new episode of Get Creative! Today, we're diving deep into the world of creative financing in real estate. In this episode, we explore how to evaluate creative finance deals, using a real-life case study from Maricopa County. We'll cover everything from understanding seller motivations to managing tenant issues and analyzing cash flow. Whether you're a novice or experienced investor, you'll gain valuable insights into making creative financing work for you. Let's dive in!

Highlights:

"Understanding seller motivation is crucial in creative finance."

"If inflation is 7% a year, your capital is deteriorating at that rate."

"Cash flow isn't just about rent; it's about managing overall expenses."

"Creative financing allows you to help sellers while building your portfolio."

Timestamps:

00:00 - Introduction to Creative Finance Terms

00:20 - Call with Armando Padilla

01:00 - Analyzing Monthly Payments

02:00 - Discussing Seller Motivation

03:00 - Evaluating Tenant Issues

04:00 - Understanding Arrears and Legal Fees

05:00 - Negotiating Assignment Fees

06:00 - The Importance of Transaction Coordination

07:00 - Cash Flow Analysis

08:00 - Benefits Beyond Cash Flow

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

https://paceapproves.com/subto-gc 

http://joingatortribe.com/yt 

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► 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, we dive into the inspiring journey of a former Ford employee who transitioned into real estate investing. We discuss the challenges faced during the 2008 market crash, including cash flow issues and the importance of creative financing strategies. Tune in as we explore how persistence, education, and adaptability can lead to success in the ever-changing world of real estate.

Highlights:

"Reading over 100 books on real estate investing changed my perspective."

"When the market crashed, I had to reinvent myself entirely."

"You create opportunity; you don't wait for it."

"The lessons learned during tough times are invaluable."

02:15 - Early Career at Ford Motor Company

05:30 - Discovering Real Estate Through Education

08:45 - Transitioning into Real Estate Investing

12:00 - The Impact of the 2008 Market Crash

15:20 - Understanding Cash Flow Challenges

18:10 - The Importance of Creative Financing

21:00 - Lessons Learned from Failure

24:15 - Strategies for Reinventing Yourself

27:30 - Conclusion and Final Thoughts

https://paceapproves.com/subto-gc 

http://joingatortribe.com/yt 

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Welcome to a new episode of Get Creative! Today, host Ingryd Hernandez sits down with Keith & Mandy Konecki, two active members of the Subto community. The trio explores a unique real estate deal involving creative financing, private lending, and lease options. Keith and Mandy share their journey, insights into structuring deals, and lessons learned from navigating challenges. Whether you’re new to real estate investing or an experienced pro, this episode is packed with actionable advice and inspiration!

"Creative financing is about solving problems and creating value for everyone."

"You can’t grow a business if you don’t have the materials to sell."

"Good relationships with lenders and attorneys make creative deals possible."

"Pivoting and keeping communication open is key when things don’t go as planned."

00:00 - Introducing Keith & Mandy Konecki and their focus on creative financing

03:04 - Exploring their real estate market and investment strategies

04:02 - A unique case involving a house and a business

06:33 - How they used a lease option to secure the deal

08:23 - Adjusting the timeline and terms to adapt to challenges

10:17 - Insights into maintaining boundaries in business

13:25 - Helping a business owner meet demand with creative financing

15:40 - How they structured the deal to secure investor confidence

18:47 - Discussing creative real estate investments and lending

21:13 - How to connect with Keith and Mandy for collaborations

https://paceapproves.com/subto-gc 

http://joingatortribe.com/yt 

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Welcome to a new episode of Get Creative! Today, your host is Justin Tuminowski, and he is joined by Rinda Emick, a top transaction coordinator who has been JV-ing with real estate agents and investors to structure creative deals. In this episode, Rinda shares the story of how she helped an agent close a unique deal involving a USDA loan and a contract for deed structure to accommodate the needs of the buyer and seller.

Highlights:

"We have to think outside the box, right? We have to get our VIPs involved. We have to get the attorney and just ask some questions, what's the best structure?"

"This is something where sometimes the seller, this is what they need, like, this is that last little piece of what they need to feel really confident and comfortable with moving forward with a creative structure."

"It's not my go to first always way of doing creative deals, but it is. It is definitely like a way to make that seller feel a little bit more secure."

Timestamps:

01:26 Introducing Rinda Emick and Her TC Business

05:51 Navigating the Brokerage's Restrictions

07:50 Rinda's Approach to JV-ing and Structuring the Deal

10:00 Consulting the Buyer and Seller on the Structure

14:17 The Flexibility of Contract for Deed Structures

► 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:

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Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of multifamily real estate investing with the team from the Sub-To Fund. You'll learn about their unique approach to acquiring and transforming underperforming properties through creative financing strategies, value-add improvements, and a focus on community-centric asset management. The discussion covers the details of a recent 160-unit acquisition, including the purchase price, financing structure, and plans for adding value to the property and improving the lives of the residents.

Highlights:

"We are the Avengers of multifamily, and we put them all together."

"The market will determine the exit strategy based on what other maybe a big REIT or a higher level institutional buyer comes along."

"We're building the community for the residents. We're building the community for these buildings themselves, and we're improving the whole market that it's sitting in."

"When you go to buy a business, what's the most important thing, the bottom line, right? So if it's not a profitable business, no one want it."

Timestamps:

0:00 Acquisition of the 160-Unit Deal 

1:37 Value-Add Strategy and Community Focus 

2:19 Purchase Details and Seller Financing 

4:17 Investment and Value-Add Costs 

8:14 Renovation Plans and Resident Feedback 

12:58 Operating Expenses and Insurance Benefits 

17:16 Investor Returns and Creative Finance 

18:57 Invitation to Invest and Community Impact 

► 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 

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