Understanding Wraps in Real Estate | Masterclass Video 11 w/ Pace Morby
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- What are WRAPS when we talk about creative finance? Creative Finance strategies will be some of the most useful ways to get deals coming in 2023 and beyond! You should understand all possible creative strategies! I sit down with Pace Morby and we discuss all of them at length!
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You guys are like the dream team of real estate! Please keep expanding
Wrap 2.0!!!!! This is GREAT! Thank you both, God bless!
Wrap: Buy using seller finance and sell using seller finance. A wrap is when you merge the two loans into one. The difference in the payment amounts is profit to you.
Simply said, thank you!
Yes to whiteboard video explaining wraps, subto deals, and other creative financing types.
Hi Ben! 😂
Yes please more videos on wrap. I’m loving it I’m so hungry
Wraps definition. Easy and smart.
I am from Kenya and OMG!!! I going through the masterclass as well as different videos on y'alls channels and you cannot begin how much you've opened my eyes as a single mum. I've always worked with clients from USA as a freelancer but this right here, the knowledge you guys are putting out, is going to change so much for me and my kids. I can apply this concepts here and simply change our lives in the long run. Thank you so much for the good work you are doing
Good luck and much success
So grateful for this video series and all the value you guys give freely! Truly appreciate it!🙏🏼🙏🏼 so in depth and so much to learn from every video!
Phenomenal Content!
My top 2 favorite channels to watch hands down
Thank y'all with the hook up !!💯💯 Best free course out rn
This was very high level. I would love to see a continued video
You two are the best colab in the biz!
I love all of this! That said, we kinda got off the wrap subject for most of it…and didn’t really go into the weeds on structure and actually HOW to do them.
Definitely need 2.0 at a minimum.
WRAPS 2.0, 3.0 & 4.0!!!
❤This so good, I’m binging today on you and Pace!
My Courage To Do This Business Is Only Thanks To These Two Real estate PRO'S.! These Jem's 💎Are Worth ("Thousands"!!) LET'S ALL GET TO THE BAG..💰👈🏽
They cold, 🥶
Thank you, guys, for all that knowledge you've given us
I literally watched this entire series today. It’s absolutely incredible!! Pace and Jerry you both are Geniuses!! My future self is thanking you for all the money I am going to make 😁😁
Thank you for all the information!
WOW. This is so POWERFUL information , that is worth more than gold.
Hi Ben!! A Wrap is basically layering what you already have in place with your seller with your own terms to make a profit in the middle or on top I guess you'd say.. Love a 2.0 Lets Goooooooo!!!! 😎🥳🤯
Yes please more videos on how to structure wraps... Thank you kindly
Yes please!
Love the colab with pace if you guys can go a little bit in detail that would be really helpful thanks
I LOVE this very helpful series you guys are doing together! Thank you for breaking down some of these challenging concepts into deep, broad-dive explanations with real-life examples so we can start "wrapping" our heads around all of this. Thank you! Keep doing these please!
This is definitely uping my game now! Thanks for the value!
Amazing collaboration gents! You guys rock! Thank you for yhe help!!!
This is great info!!! Thank you!! Now to action this info.
Hey Ben, Yessss…Pace thank you for the camera analogy, I’m selling my camera equipment now….WRAP IT!!!🤣
Pace & Jerry Wrap 2.0🔥🔥🔥
Great talk. What is subordination?
Yesss! More masterclasses! 1-10 was amazing!
Wao. You both are the geniuses. Thank you so much. A ton of value
Thank you both for these
Wrap: Wrapping new debt (with new terms) on a property that already has existing debt (with existing terms), and profiting from the "spread" between the two debts and the two sets of terms.
That's about all I got as far as explaining it in a single sentence 😂 (which probably still isn't super clear).
Honestly, the best way to understand it is to just look at an example of it being done.
Great video here guys! Love learning from you both as always! 😊
Whoah the edit at 3:15 was fun! Awesome!
Such an awesome discussion thank you guys!!
Great video love it ❤️ Please do a video for note next time! can’t wait to watch it 😊
This is a true mastermind class thanks to both of you.
I want more episodes on wraps please 🙏🏼
I’d like to hear how you work with foreclosures. Thanks!
this is amazing!!!! thanks you guys, I'm just getting into the game and I'm about to go look at a property that's not on the market that needs a lot of updates inside and now I'm wondering how I should purchase this property. if I buy it from the owner, then I turn around fix it and finance it to someone else with interest rate and higher monthly payment. wish I can talk to one of you personally for some advice, its my first deal
Fasttrackwithjerry.com
The two GOATs 💪⚡️🤙 LFG
Absolutely love that you guy’s do this lol I don’t even know where to start but I feel like I have been wasting my time at the 9-5 lol
Please more wrap videos for sure and whiteboard details on an actual deal.
You two are a God send!!!!
Question 2, on the examples of a wrap for the camera equipment (and other mobile assets like the seller finance of the F150) how do you protect yourself from the buyer taking off with your camera equipment and/or maintaining payments?
Question 2, for real estate, again for protection, if you seller finance to a buyer and they default, do you have to go through a special eviction process if the put a renter in your property? Is the documentation process for reverting everything back to you difficult, time intensive, and expensive?
Yes!! Would love to hear more about wraps
So excited for my next sub2. And man, do I get it. Penalty box biz owner here!
South Texas, dueño a dueño!
incredible info thank you gentlemen
My simple explanation of a wrap...
I have financing and terms in place on an asset. I then "wrap" that financing and those terms with completely separate financing and terms that I then execute with an end buyer/borrower.
jerry you always done over the top work when it comes to real estate, when i get my first deal i want to be on your show thanks again
Absolutely!! Would love that!
I learn so much from these two
Definitely need a breakdown! Would love a breakdown of each of the creative finance strategies.
🎉please add more on Wraps!
31:38 min
Ben. You're the man!
Wow. You guys are blowing my mind! Gosh, I have so much to learn 🥹
I am so grateful to you both for sharing your amazing knowledge and for your abundance mindset - understanding that there is enough wealth for everyone as demonstrated by how you both share knowledge. You absolutely don't have to but that tells me what good hearts you both have. God bless ❤
Need to go watch the first 10 videos! Great video quality 🤌
Oh yeah baby, that's what i said when i saw this video on my feed. Thx guys
I just finished the playlist and you just posted part 11. Great Timing!
Please keep teaching.
The GOAT'S!!!!🥹🥹🥹
Man thank you Jerry and Pace!! You guys are the best and I’m learning so much from you guys that realtors, hard money lenders and escrow agents that have been real estate for many years doesn’t know about creative finance but when most of them like the idea and say that’s actually really fair and awesome! We want a live quarterly bros 🤙🏽😎🏡
Mindblown🤯🤯
Thank you 😊 thank you
As many stories as you guys can tell, keep breaking it down for us
Jerry pace yes more videos on wrap please. 🙏
Excellent content, smh just wow!
Great information, thank you for all you do.
hahah Im a hispanic realtor in texas and ALLLLLL the people that contact me are in the penalty box. No social security number, self employed, unable to qualify for a loan, and its been hard for me to close deals like that. Now with this knowledge I can be the BRIDGE between both worlds... being the subject-to buyer and SELL those houses on a WRAP. I still have a lot to learn though
Any books on Creative Financing recommended ? Thanks guys great show!
Thank you guys so much for the knowledge. Taking it all in and putting it to work soon. That way I have some cash to get into a mentorship. Let's go!
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Jerry & Pace do some LIVES 🦎 🦎
thank you so much guys ! this is epic
Purchase property sub to. List that property for more because of your flexibility and willingness for creative finance. Difference in your payment to the original seller is profit.
Show me the wrapping paper!! More wraps! 👏🏼👏🏼 🔥
These videos are great!!!
i would like step by step video's from finding property to cashing check using all these strategies.
I need a Pace and Jerry Wrap album 💿 👏🏼👏🏼🔥
Great quality video 👍👍👍
Wrap 2.0 🔥🔥
Gods at work!!!!
Are you traveling from Puerto Rico 🇵🇷 to mane this show jerry?
Yes!
Wrap deals on whiteboard please! I understand it as buying a loan(subto?) then turning around and reselling it at a higher rate.
That is so true we don't like to buy with credit or bank! I had worked with some that payed them houses in cash, and some of my family members pay their cars with cash too
QUESTION: Who/ how do you merge the loans, paperwork-wise? Does the title company do it? The servicing company? You? How? Thank you!!
Dos flippin geniuses!
Jerry, Would love to see another video on dealing with objections questions, problems people are bringing up.
Q: if aquired on subto, dispo as a wrap who would be named on insurance since the wrap buyer and subto seller would never meet since your the middleman. The wrap buyer wouldn't list someone they never met (loan owner) on their own insurance. Right?
More Wrapping please!!!
we need a play book to refer to when we get "Stuck" to get thru and close the deals. What these modules are missing is a showing how you do these deals from start to finish, not leaving anything out. Because as good as all of this info is, we still cant just go out an do it because we are missing the "glue that holds the bricks together" or behind the scenes paperwork etc
Hi Ben thank you!!!
yes
What is a subordination?
What are your suggestions for qualifying a person for the wrap?
What if the end buyer defaults/stops paying for the wrap?
Lets do Wrap 2.0; 3.0
Thank you Tyler/Ben!
Please give us more on wraps 31:44 ❤
Hey Jerry I highly respect everything you and Pace give out for free. First question is what is subordination? Second question, I'm about to purchase your 100 percent funding system for double closes. Does it cover on market deals as well? I don't see why it would not since realtor fees usually come from the seller I just want to make sure.
Pace is super human
I would like to see a wrap done.
make more wrap content
please and thank you
Guys, you are real estate tigers 🐅 in human clothes 🙏🏻