Yo! I’m Pace Morby ✌🏽 Professional real estate investor, entrepreneur, visionary, father and husband! I'm married to the most beautiful real estate agent and we have four children living in Phoenix, AZ. My goal every day is to do dope shit!!
I've done over 7,000 renovations in the last 10 years and built 150+ new homes. My wholesale business does 150 wholesale deals a year, my fix and flip business does 50 flips per year, and my partner and I own $32 million in buy and holds through CREATIVE FINANCE! My KZread channel is to show you that you can do this too and HOW to do it from someone who really does this business.
Subject to and seller finance are my bread and butter, and I'm on a mission to educate the masses that real estate and creative finance are for ANYONE and EVERYONE who wants financial freedom and generational wealth. DM me on Instagram and tell me what you need!
Пікірлер
Good stuff
How do you do creative financing with assuming a mortgage? ....and other ways?
I feel like that's me 😢
⛑💻📚📓✏📈📊📉⏳⚒📐🛠🤝🏼
Great info
Such a powerful statement!
Great barbecue, in particular, brisket requires human intervention. This can't be mimicked by AI because it requires all five human senses and can't be programmed for great Texas-style BBQ utilizing a smoker with real wood chunks.
Your numbers seemed to be working for me until you mentioned that your mortgage payment will stay the same for 30 years. I watched your other videos about how the subject to works and effectively, the previous owners mortgage stays in place - under his name. In your subto video you discussed subto contracts that have an exit clause right? And, that exit is needed by the previous owner at some point in the near term, correct? The previous owner is not going to want this house on his credit statement for the next 30 years when he/she is not getting anything out of it, and that existing mortgage might prevent him from buying a new house right?
AI is an incredibly powerful tool to be used, but is it always correct? I put it to the test here to see just how accurate it is and if you should just be doing all your deals with it. Have you been using AI in real estate investing? Let me know how below so we can all learn!
Also, let me know by liking this comment if I should do a video on how I use AI to help me do deals!!
This video is so helpful - need to start learning how to use chat gpt for better deals
@@scottmadden3810 it can really save you some time if used right, but you got to be smart about it.
@@PaceMorbyyes please!!
Currently I am not. Working towards that control. Thanks for your scenarios of encouragement that puts me back on my toes.
Watching your kids grow up hurts in such a different way! 💔
Lenders policy
But when you seller finance or sub-to, at the end of the balloon, you'll have to refinance anyway to cash out seller, correct? How do you manage that with thousands of doors?
option 3 - technically, she could stay in the master bedroom , in the padsplit
WOW fantastic information
Define SOP Pace 🤨
Have you ever had a seller ask for a guaranteed time to repay the equity and if not how would you answer that?
Love the insight you're sharing. One question - What is to prevent the previous owners lender/servicer from calling the note due once they are no longer the owner of record?
UPDATE 2024: What they don’t tell you is now the platform is doing a glorified CASH GRAB. They want the FIRST 10 days for free to cover the cost of a “new” person moving in regardless if they have been using the platform for 3 years or 2 days. If they move out in 12 days you get a whopping 2 days minus cost of electricity, wear and tear, room turning fee, ect ect. Let alone if you have to PAY TO EVICT THEM in that time which does happen. The new fee structure is pure gambling!!! Real estate isn’t about GAMBLING it’s about knowing your numbers and covering your bases. If you don’t know how to calculate the unknown variable then the house aka PadSplit wins every time.
UPDATE 2024. What they don’t tell you is now the platform is doing a glorified CASH GRAB. They want the FIRST 10 days for free to cover the cost of a “new” person moving in regardless if they have been using the platform for 3 years or 2 days. If they move out in 12 days you get a whopping 2 days minus cost of electricity, wear and tear, room turning fee, ect ect. Let alone if you have to PAY TO EVICT THEM in that time which does happen. The new fee structure is pure gambling!!! Real estate isn’t about GAMBLING it’s about knowing your numbers and covering your bases. If you don’t know how to calculate the unknown variable then the house aka PadSplit wins every time.
What they don’t tell you is now the platform is doing a glorified CASH GRAB. They want the FIRST 10 days for free to cover the cost of a “new” person moving in regardless if they have been using the platform for 3 years or 2 days. If they move out in 12 days you get a whopping 2 days minus cost of electricity, wear and tear, room turning fee, ect ect. Let alone if you have to PAY TO EVICT THEM in that time which does happen. The new fee structure is pure gambling!!! Real estate isn’t about GAMBLING it’s about knowing your numbers and covering your bases. If you don’t know how to calculate the unknown variable then the house aka PadSplit wins every time.
Amazing video! It seems the 'JOIN SUBTO' link is broken
More great, real world content with the numbers and strategies. But we know there is a down side risk to break even deals, right? There is no margin for maintenance, vacancy, and possible rental price deflation (market shock), right?
nice transition
Mr. and Mrs. Grant Cardone are awesome.
Wow thank u for that , great
Wow , like what
Pace, I did not unsubscribe from your email list. I wrote a return message of still being interested. Please keep sending me emails.
I sent you a return email. I did not unsubscribe!
💯% I tell my children that life is a series of problem you have to solve. It never stops. You will be defined by how to deal and manage those problems.
The Practicing Mind by Thomas M Sterner
Wow pace is the man
One of the best shows that I ever saw.
My jaw is on the ground rt now 😮 I seriously need help picking it up. My situation is simply a lack of knowledge 💯. I bought a house 3 years ago and I have just been sitting here on all these wonderful things I can do with it 😮 my life is about to change!!! Thank you Pace🙏
I love your content...would you be opposed to not using the background music...It's a tad distracting...LOVE your videos.
Ground roots mindset conditioning. I needed this talk today. 🙏🏾
this is great! where to join the next elephant challenge?
LEADS
I really like the video! Couple of questions... If the seller still owns the loan, what is their risk? For example, if you took over the loan and don't pay the loan then do they get the bad credit? Another question, how do you present this financing option to a seller who isn't making two loan payments, what kinds of benefits and motivation can you give them to use Sub To? Thanks in advance.
Fire Content. Way to think outside the box.
This was incredible! I need to learn this. I own 17 houses 22 doors & ready to scale!