Breaking Down Creative Finance for Sellers

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  • เผยแพร่เมื่อ 31 ม.ค. 2025

ความคิดเห็น • 195

  • @PaceMorby
    @PaceMorby  ปีที่แล้ว +57

    Gosh.... When I was brand new to real estate, if someone would have taught this exact video to me, it would have accelerated my growth by 5 years. Its insane how little people understand about this topic that only highly experienced people know and keep to themselves to keep the competition low.

    • @JohnnyRamirez-zk6zj
      @JohnnyRamirez-zk6zj ปีที่แล้ว +1

      This all sounds really good and makes total sense, but where do I find contracts for this?

    • @EddyCharger
      @EddyCharger ปีที่แล้ว

      This was incredible Pace!! Thank you.

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +3

      I only give contract to my SubTO Community for these. @@JohnnyRamirez-zk6zj

    • @rogerroyal1758
      @rogerroyal1758 ปีที่แล้ว

      Pace, What about a due on clause if you're doing a sub to?

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +2

      I have a whole playlist on that called Due On Sale th-cam.com/video/RZpKVqqUZPQ/w-d-xo.html

  • @andyscorner101
    @andyscorner101 4 หลายเดือนก่อน +6

    As a former RE Broker with over 20 years as a licensed individual, and owner of 3 RE stores, I can confirm what you say about uneducated RE agents and Brokers and yes, attorneys as well. I found it extremely frustrating dealing with these people, many of whom were abrasive, arrogant and accusatory to the extent of threatening to litigate against me and even report me to the REC for doing "illegal" RE activities. I trained those agents who worked under my broker's license the same material you teach in these videos. Some thought I was crazy , while others went to work and made good money. You teach the TRUTH and as we know, many people, "can't handle the Truth". Keep up the good work. You are helping people and contributing immensely to the Common Good.

  • @degerrian
    @degerrian ปีที่แล้ว +12

    This is possibly your best video....I'm sending this to all my sellers

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +2

      Thank you!

    • @thecabretty11
      @thecabretty11 4 หลายเดือนก่อน

      Hey man!
      What happens if the owner of a subject to property that you buy dies?
      How do handle that?

    • @thecabretty11
      @thecabretty11 4 หลายเดือนก่อน

      ​@@PaceMorbyand what happens if tge owner of subject to house that you buys files for bankruptcy??
      Let me know

  • @FreedomVibesWithAlma
    @FreedomVibesWithAlma ปีที่แล้ว +12

    I greatly appreciate how you slowly and clearly explained and gave real examples. GOAT TEACHER ❤❤❤

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +3

      THANK YOU. It means a lot to me. For a channel that is not trying to take advantage of people with clickbait and actually help people, it really does mean a lot.

  • @gabatsns-creative
    @gabatsns-creative ปีที่แล้ว +4

    Pace I have been waiting with baited breath for just sucha video series and here it is...! Breaking it down into chapters so to speak makes it so much easier to get it straight in my mind and to transfer it to the seller. Also having this kind of tool to just let the buyer watch if they so choose or give to a realtor is UNBELIEVABLY helpful! Wow what a resource!!

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Thank you sir!!! Really means a lot that you took the time to comment on this.

  • @MikeLynch361
    @MikeLynch361 ปีที่แล้ว +3

    This video feels like "A fire side chat, with Pace Morby" and I love it!
    THANK YOU Pace and crew!!
    ✌️family...you know what to do...

  • @fatimaheredia8344
    @fatimaheredia8344 2 หลายเดือนก่อน +1

    Thank you!!!! I got an offer and my realtor doesn't really understand this. So I started doing some research. Stumbled upon this and am super grateful!! Learned a lot ! Wish you could invest in my property lol

    • @PaceMorby
      @PaceMorby  2 หลายเดือนก่อน

      Email me any questions! Pacejmorby@me.com

  • @nelsonearnshaw4961
    @nelsonearnshaw4961 ปีที่แล้ว +2

    Professor Pace back at it again. Wow! This is true genius laid out so everyone can see the value of thinking outside of the box. Thank you for continuing to expand the greater market with such value!

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Wow thank you! 🙏🏽 Glad you enjoyed the video

  • @GaryRabatin
    @GaryRabatin ปีที่แล้ว +4

    Pace, don’t apologize in advance for your greatness. The free beans 🫘 you drop is priceless.

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      THANK YOU SIR!!!

  • @meldel555
    @meldel555 6 วันที่ผ่านมา

    AHHHH-mazing video!!! I am trying to get my finances in order. (Going thru yuck divorce stuff blah) so I can join subto!!!!!! Current REI but still trying for first deal. I freaking cannot wait to join your group.🙏🙏🙏

  • @josiebledsoe5687
    @josiebledsoe5687 หลายเดือนก่อน

    Thank you PM, I need this knowledge. The real blessing is helping others , being a problem solver. I want IN…

  • @imeldainterino7747
    @imeldainterino7747 11 หลายเดือนก่อน +1

    Lol 🎉 you hit the point Pace - seller net sheet and im glad as a listing agent for many years I do explain it to my clients before listing. I lose some of them whose not willing to pay on closing. Later, i pivot to explaining about subto deals. Great video, thanks!

  • @semay2
    @semay2 9 หลายเดือนก่อน +1

    This video answered all my questions. The funny part is every time I watch this video over again, a whole new set of questions get answered.
    Call me weird.
    I can’t thank you enough for making it clear and easy to understand !!!
    Thank you so much.

    • @PaceMorby
      @PaceMorby  9 หลายเดือนก่อน

      Glad it was helpful!

  • @erickacameroncarr
    @erickacameroncarr ปีที่แล้ว +2

    Sooooo much value in this video Pace! Thank you isn't enough dude. 😩 I'm getting my ducks in a row to join the mentorship. There's no other way, you're the best!

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      THANK YOU SO MUCH ERICKA

  • @shellyjebavy8534
    @shellyjebavy8534 ปีที่แล้ว +1

    Love the tone of your delivery. Different than several I’ve watched. I totally see how a seller could actually owe money at closing. Houses took a run in value over the last couple of years. So any house bought with that little of equity isn’t going to have a desirable interest rate is it? I want so badly to buy a house using creative finance but can’t find any that fit the parameters of a good deal

  • @sharonsanita5840
    @sharonsanita5840 ปีที่แล้ว +2

    This is an excellent video on creative finance. Pace is an amazing teacher.

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Truly appreciate that. THANK YOU

  • @paparuda1968
    @paparuda1968 ปีที่แล้ว +1

    Great presentation! Timely for my meeting today with a agent to present my first SubTo! Thank you Pace and your Team!

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Let's gooo! Good luck

  • @briantruth2113
    @briantruth2113 ปีที่แล้ว +2

    Excellent video to introduce to, and Educate sellers about Seller Financing

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Thank you Brian! Glad you enjoyed

  • @stellaikeadighi2423
    @stellaikeadighi2423 11 หลายเดือนก่อน +1

    Hey Mr. Pace you just awesome, l love your way of helping because you are not like others, thank you very much, Stella from Subto community. 🎉🎉🎉🎉🎉🎉🎉🎉❤

    • @PaceMorby
      @PaceMorby  11 หลายเดือนก่อน

      Stella!!! Thank you for being here

  • @TyronJonesTJ
    @TyronJonesTJ ปีที่แล้ว +2

    Absolutely loved this video!! So many questions I had were answered. Thank you Pace!

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      THANK YOU Tyron!

  • @aristidejoel
    @aristidejoel 6 หลายเดือนก่อน +1

    This is amazing! I’m definitely sending this to sellers! Thank you Pace and team!

    • @PaceMorby
      @PaceMorby  6 หลายเดือนก่อน

      Glad you found it valuable

  • @khadijahskreations
    @khadijahskreations 9 หลายเดือนก่อน

    I've never ever followed a real estate person this long. You have an awesome way of teaching that makes me wanna learn more,I definitely appreciate you for how you explain it,you help me understand more and more the more I watch your videos ❤❤❤keep up the great work 👍

    • @PaceMorby
      @PaceMorby  9 หลายเดือนก่อน

      I appreciate that!

  • @idus
    @idus หลายเดือนก่อน +1

    so if you got your license, we would officially be watching the unicorn. All the agent hate :p was 100% accurate. I am one.

  • @curlieQlocks
    @curlieQlocks ปีที่แล้ว +1

    Great video Pace! I’ve watched plenty of your videos, now I can with confidence and explain the process to a seller! Your best ✌🏾😊

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Love it✌🏽

  • @julietruong.invests
    @julietruong.invests ปีที่แล้ว +1

    I love this so much. Thanks Pace for breaking this down to the T!

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      Thank you! Glad you enjoyed the video 🙌🏽

  • @jennychedda
    @jennychedda ปีที่แล้ว +1

    This is so helpful, I am actually in this situation and needed this. Thank you Pace.

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      So glad I could help out!

  • @jlubejesse
    @jlubejesse ปีที่แล้ว +1

    You are a true pioneer of the modern real estate transaction Thank You

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      THANK YOU SO MUCH!

  • @jorgevelasquez9955
    @jorgevelasquez9955 6 หลายเดือนก่อน

    FANTASTIC PACE! First time I have run into your videos. I want to sell my rental property to my current renters being the bank. Can you do more videos advising sellers how to make sure you are protected.

  • @RJ4Loans
    @RJ4Loans ปีที่แล้ว +1

    Thank you Pace. Once again, you are bringing huge value. Thanks for all that you do.

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Thank you sir!

  • @Samanthalasabrosa
    @Samanthalasabrosa ปีที่แล้ว +1

    Wow, what a great video. It got me wondering if I should sell one of my properties with creative finance.
    Thanks

  • @jimmyw.sanchezjr.5797
    @jimmyw.sanchezjr.5797 5 หลายเดือนก่อน

    Thank you for your content. I am a real estate investor/agent who is amazed with your knowledge.

  • @israelgonzalezp.6898
    @israelgonzalezp.6898 ปีที่แล้ว +1

    Great work. Very useful information and motivating at the same time to see what is possible. Thank you.

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Thank you! Glad you enjoyed the video

  • @landrichplus
    @landrichplus ปีที่แล้ว +1

    Thanks Pace and community appreciate what i am learning from you

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      YESSSSSS thats what its all about!

  • @TheRealEstateDeli
    @TheRealEstateDeli ปีที่แล้ว +1

    So informative step by step explanation, nobody does it better than you , I mean nobody see ya @ April summit ❤️🙏🏼🐊

  • @javiersein-e8x
    @javiersein-e8x 3 หลายเดือนก่อน

    I have that book, just arrived today. Ready to learn and take action.

  • @AlyiaLebrie
    @AlyiaLebrie ปีที่แล้ว +1

    Sooo much value in this video! Love it🔥🔥🔥

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Thank you Alyia! Glad you enjoyed

  • @Edvardlarose
    @Edvardlarose ปีที่แล้ว +2

    This is a great video. From beginning to end breaking down the whole process. Subto is the greatest ✌🏾🐊. I’m a Subto and gator would love to squad up

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      THE GREATEST!!!!

    • @mabio98
      @mabio98 หลายเดือนก่อน

      Did he squad up with you after you got a good deal set up ?

  • @curlieQlocks
    @curlieQlocks ปีที่แล้ว +1

    Your escrow explanation is on point💯😊

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Thank you bro!

  • @bowmadness1333
    @bowmadness1333 9 หลายเดือนก่อน +1

    Jesus that was absolutely an enlightening education. Thank you!

    • @PaceMorby
      @PaceMorby  9 หลายเดือนก่อน

      Glad you got some value from this

  • @LeonardLay
    @LeonardLay ปีที่แล้ว +1

    This was great thanks so much. It answered all my questions that I was having

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      THank you brother

  • @chainsawerekson2972
    @chainsawerekson2972 ปีที่แล้ว +1

    Soo good. Great show. Thanks again.

  • @ghca-mo7xb
    @ghca-mo7xb 8 หลายเดือนก่อน

    Pace you are priceless . Thanks for sharing this knowledge

    • @PaceMorby
      @PaceMorby  8 หลายเดือนก่อน

      Thank you for saying that, I'm glad you're getting value from this

  • @crazykevin4388
    @crazykevin4388 ปีที่แล้ว +1

    Do you have a video for a buyer to make a purchase? What are steps? This will be my first one doing this. Thanks

  • @Davejr967
    @Davejr967 ปีที่แล้ว +1

    Excellent video Pace!! Thank you!!

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      WOW thank you!

  • @Ben-i3i2o
    @Ben-i3i2o หลายเดือนก่อน

    This is great information! Can you make a video on how to do a subto deal in canada?

  • @delphinathomas8262
    @delphinathomas8262 6 หลายเดือนก่อน

    😮. Awesom VIDEO WITH MIND BOGGLING INGO . I GOT SOME BUT NOT ALLL.NEED TO WARCH AGAIN AND AGAIN..RHSNK YOU. MR.😊

  • @pavankumarsrpk
    @pavankumarsrpk 10 หลายเดือนก่อน +1

    Thank you for the video. Learnt more on creative financing.

    • @PaceMorby
      @PaceMorby  10 หลายเดือนก่อน

      Wonderful!

  • @daliasaha3379
    @daliasaha3379 2 หลายเดือนก่อน +1

    nice video, im looking for a real estate attorney barred in my area who can set this up, where can i find one?

  • @_aspenjay
    @_aspenjay 9 หลายเดือนก่อน

    Just bought your book a few days ago and I'm loving it! Thanks for sharing all of your knowledge Pace! I'm interested in your DTI video you referenced in this video, could I get a link to that please?

    • @PaceMorby
      @PaceMorby  9 หลายเดือนก่อน

      Awesome! Thank you! This might be the video: th-cam.com/video/C57Tkc8LJuY/w-d-xo.html

  • @robinhurtjourney
    @robinhurtjourney ปีที่แล้ว +3

    So many can benefit from the instruction provided here..
    If you are uncomfortable doing a deal with creative financing.
    Ask for help.. Subto student can help you 😊

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Thank you Robin!

  • @matchbox3eb
    @matchbox3eb 11 หลายเดือนก่อน +1

    😂 Harry Marsh has done some of my closings! Great office they have, closed in days! Great video here

  • @mannys.2818
    @mannys.2818 2 หลายเดือนก่อน

    PACE! Where did you get that awesome guy erase board!!! Please tell me, I need one!!!!!!!!!

  • @familychannell2210
    @familychannell2210 7 หลายเดือนก่อน

    Where is the loan officer video you talk about at the end of the video regarding DTI please?

  • @caliman18
    @caliman18 หลายเดือนก่อน

    I'm sorry if it's a stupid question, but was the 4% interest rate annual or 4% of the total remaining balance?

  • @TruckinwithJ.C.Phinstalk
    @TruckinwithJ.C.Phinstalk 10 หลายเดือนก่อน +1

    Pace thank you God bless you

  • @TroyDandridge
    @TroyDandridge 2 หลายเดือนก่อน +1

    Hi Pace, HAPPY THANKS GIVING CORBIN and PACE wife and to PACE, Molly T. Jade Sonja Morgan, Kevin, Subto Gator Morby Methods Creative Finance Transaction Coordinator Lady to all Title company of Pace Morby inc. Happy Thanksgiving and Merry Christmas

  • @MahbuburRahman-fe3pt
    @MahbuburRahman-fe3pt 7 หลายเดือนก่อน

    THANKS FOR THE EDUCATION MY BROTHER :)

  • @Jack-jd6tj
    @Jack-jd6tj 3 หลายเดือนก่อน

    So to sum it up, if you cannot get your asking price and are stubborn and don’t need the money right away this would be best?

  • @infiniterealestatecorp.9264
    @infiniterealestatecorp.9264 10 หลายเดือนก่อน +1

    thank you Pace.

    • @PaceMorby
      @PaceMorby  9 หลายเดือนก่อน

      No, thank you!

  • @joset4187
    @joset4187 11 หลายเดือนก่อน +1

    Would it make sense to do subto on a sfh that needs major work-possibly a gut job?

    • @PaceMorby
      @PaceMorby  10 หลายเดือนก่อน

      Yes!!!

  • @brianbrooks3652
    @brianbrooks3652 6 หลายเดือนก่อน

    Thank you pace !

  • @TheDanMan06
    @TheDanMan06 ปีที่แล้ว +1

    What’s it look like to do owner finance when you want to 1031 exchange?
    I have a commercial listing in CA for 9.75M. Owner owes 2.5 at 4%. I want them to offer sub2 with a wrap but they want to exchange into a property out of state.

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      Easy. You just got to get the correct exchange agent managing it. Most 1031 exchange people are not educated on it.

    • @videomax702
      @videomax702 ปีที่แล้ว

      Do you have a 1031 exchange agent that you would recommend for these types of transactions? -Max Ellis

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Yes but I only share that person with my students so he doesnt get overwhelmed. @@videomax702

  • @justingtejeda
    @justingtejeda ปีที่แล้ว

    Hey Pace, need some help with a Sub2 issue I’ve been facing recently. I’ve done about 5 Sub2 but the last two I have worked on structuring fell through. Both sellers had an fha loan and wanted to sell and move into a bigger more expensive home using another fha loan or a special builder loan program. The problem came down to the loan officer who did not approve of the transaction. This was due to the debt to income ratio. I tried to also take the angle of “leasing the property” as well as explaining that we would be using a third party servicer to conduct payments. Neither would suffice and I’m not sure how else to get past these loan officers. Any advice or suggestions would be appreciated.

  • @Lanainvestor
    @Lanainvestor 9 หลายเดือนก่อน +1

    .I'm sending this to all my sellers

  • @-LUQUIN-
    @-LUQUIN- ปีที่แล้ว

    ... Question, is the "escrow officer' same like a "transaction coordinator"? Or they do a different tasks.?

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      No. Escrow officers work for the title company and handle HUNDREDS of deals from all different people/businesses/investors. They simply collect all the signatures and money.
      Transaction Coordinators work with all parties involved to ensure the deal moves along. Did the paperwork get signed? Was EMD delivered? Where are we at with title insurance? Are we covered in all areas if the inspection falls through.--these sorts of things

  • @Selfworth25
    @Selfworth25 ปีที่แล้ว

    Hey Pace one question what if the property has no mortgage but a lien how would I go about this ?

  • @tanjamarkovic4264
    @tanjamarkovic4264 ปีที่แล้ว +1

    So amazing!!!

  • @dueceduece6042
    @dueceduece6042 10 หลายเดือนก่อน

    I have a heloc on top of the mortgage, how does that work for a seller?

  • @corypnw_
    @corypnw_ 6 หลายเดือนก่อน

    Anyone know where to find this list of references for illustrating the legality of sub2?

  • @MortgageNerdPS
    @MortgageNerdPS 10 หลายเดือนก่อน

    Pace, where is the link to the DTI video you spoke of? Thanks

    • @PaceMorby
      @PaceMorby  10 หลายเดือนก่อน

      th-cam.com/video/cyBR3hhuLoE/w-d-xo.htmlfeature=shared

  • @davidkiser-h5p
    @davidkiser-h5p 4 หลายเดือนก่อน

    Can you put the property in an llc

  • @Beluel
    @Beluel 4 หลายเดือนก่อน

    Pace how you do Sub2 on a non-judicial state?

  • @joset4187
    @joset4187 11 หลายเดือนก่อน

    I have a seller who wants top dollar on an acre and half zoned for commercial or residential use-small house on property is dated-asking price is more inline with homes in area of 3k sqft. Is it possible to do owner finance and build multi family homes on property? Can a owner finance deal be assigned in this situation?

  • @nisupply
    @nisupply ปีที่แล้ว

    Are Promissory Notes sent to credit bureaus? Figure that they are. Who is the best company to oversee them?

  • @brittanyt8031
    @brittanyt8031 4 หลายเดือนก่อน

    hello do you have transaction coordinator info that I can get. currently trying to do a deal here in texas

  • @melvinservivvfccvvfes1583
    @melvinservivvfccvvfes1583 ปีที่แล้ว

    How does the broker/realtor get paid on a seller financing deal?

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      They get paid. Check out this TH-cam video: th-cam.com/video/f2_oec_Fb2E/w-d-xo.html

  • @naturabonita
    @naturabonita 5 หลายเดือนก่อน

    Where do you get a good knowledgeable real state attorney? I’ve been looking for one with no luck.
    Every time I say “creative financing” or sub-to they just dismiss me like I’m a joke with no $$

  • @hollysosnowski5975
    @hollysosnowski5975 ปีที่แล้ว

    My realtor has offered me sub to properties. How does wotking with an agent hurt me financially?

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +1

      You're working with a unicorn agent

  • @JAEHAUGEN
    @JAEHAUGEN 5 หลายเดือนก่อน

    💥💥💥 I love how it says FREEBIES, FREE WHOLESALE CONTRACT, then I click the link to download the content and you try to charge me a buck. Free means FREE brotha

  • @mike2959
    @mike2959 ปีที่แล้ว +1

    I have not seen or heard the end game. In this example. He pays 5 million to Eric . But did he? No. He is kicking the can down the road. At the 10y balloon What happens? Walk us through that scenario. You have to either pay Eric off with cash or go to the bank, get an appraisal and get financed.
    I’m now wondering. Is this Rent A Center? It’s the exact same business model.

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +2

      Great question Mike!
      We will possibly refinance and pull cash out tax free. You cant do that at rentacenter.
      In your comment, comparing this to a rentacenter... you just dont get the same benefits. When Im renting a property, I dont get tax benefits, I dont get appreciation, and more importantly I dont get the mortgage paydown. You seem to have a mindset of Dave Ramsey, which paying everything with cash is an intelligent move. Its only intelligent for people who fear debt, and possibly their own shadow.

    • @jarelterry2107
      @jarelterry2107 ปีที่แล้ว

      He bring in private money to pay Eric off

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +3

      @@jarelterry2107 In ten years a few things will be different. 1. The property will be worth much more than I bought it for. So I could sell it, refinance it or even renegotiate with eric for another 10 years if I wanted to. 2. The property payments I make the Eric (the bank) will pay down my debt SIGNIFICANTLY in that timeframe. I will have tremendous equity at this point it time. So I could just go to a local bank and refinance into a new loan depending on whats going on with rates in ten years.

    • @jarelterry2107
      @jarelterry2107 ปีที่แล้ว +1

      @@PaceMorby 🔥🔥

  • @chuckpankow-f5s
    @chuckpankow-f5s ปีที่แล้ว

    What about tax increase once sale is closed. County will soon increase tax rate on house

  • @Elbos86
    @Elbos86 ปีที่แล้ว +1

    Can a seller finance when he has a dedt on the property?

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Of course. Thats called SubTo!

  • @MrUKanat
    @MrUKanat 11 หลายเดือนก่อน

    I admit i dont get many things. For starters, if seller has like 20% paid for the mortgage. Why would they transfer deed to you guys without making back these 20%?

  • @Tamara61622
    @Tamara61622 ปีที่แล้ว

    What happens when the buyer wants to sell at a later date. How is my seller protected. If they sell, do they pay off the mortage?

  • @seminole2001
    @seminole2001 7 หลายเดือนก่อน

    What is stopping say Wells Fargo calling the loan due because you’ve triggered the due on sale clause? If I’m Wells and I want that loan off my books so I can sell you a loan at the current market rate, even though the current loan is performing. What happens then? Are you gonna give the house back to the seller? Now multiply that by how many loans you have at Wells Fargo. They could turn out your lights tomorrow if they wanted to.

    • @PaceMorby
      @PaceMorby  7 หลายเดือนก่อน

      Check out this playlist th-cam.com/play/PL2Y6uEs9DYr1im5O5e8Q5QyOm_5UusFO7.html&si=W0L_9M6uI25zIpiP

  • @kylepopell3585
    @kylepopell3585 25 วันที่ผ่านมา

    I have not read all the comments, but only a $5 million property an RV park owner finance. Why would you not get a survey done or find out if the property is truly worth what he’s asking before you made that offer it’s because it would drag out the process

  • @MgtowRubicon
    @MgtowRubicon ปีที่แล้ว +1

    I had to "remind" a real estate broker that refused to submit my creative financing offer (10% above asking) that he is required by state and federal law to submit all offers or he could face legal action.
    If I directly contact the owner, then he would not be the procuring cause (no commission fee).
    I am being disrespectful only when they are disrespecting me.

  • @jimpeddie5478
    @jimpeddie5478 8 หลายเดือนก่อน

    How do I join your community

  • @JohnnyRamirez-zk6zj
    @JohnnyRamirez-zk6zj ปีที่แล้ว

    What happens if the seller files for bankruptcy after you SubTo their property?

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      They dont own the property any more brother!

  • @irinabennett7254
    @irinabennett7254 ปีที่แล้ว +1

    Our closing attorney saying you are practicing Real Estate without license when you do Subject To... you said you will post your email so we can request your proof that this activity is legal. Thank you

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว

      Tell your attorney to email me pacejmorby@me.com

  • @joelgoble9544
    @joelgoble9544 8 หลายเดือนก่อน

    I would want to service my own loan in hopes that the buyer pays me a large down payment and a couple years of monthly payments more than I could get from renting. I would be trying to get more money than I could from renting less responsibility and I would be hoping that the buyer defaults so I could do all of this and still on the property. It would be like renting out my house, but the return would be larger and I wouldn’t have to worry about any repairs or any property management headaches at all. Best case scenario They fail to hold up their obligation . I get the house back in better condition and at a higher value then I originally sold it at. In all honesty it seems like predatory lending.

  • @MgtowRubicon
    @MgtowRubicon ปีที่แล้ว +1

    Buying real estate or businesses with all-cash delivered at close of escrow will fade for the next several years as creative financing solves huge problems for sellers, buyers, and brokers.

  • @HerbertHines-t1i
    @HerbertHines-t1i 6 หลายเดือนก่อน

    I know we're there are 2 home at that need Lepers, but the world's a lot of money are rant after they get done

  • @imeldainterino7747
    @imeldainterino7747 11 หลายเดือนก่อน

    My broker never says illegal but she just wanted our clients (homeowners) to hire their own lawyers too and write a letter that they are aware of subto. If we dont advise them in advance and they get "DUE SALE ON CLAUSE" which you didnt mention on your video. Our clients can put us on litigation and may even shut down our business. Do investors care about it? Hell no! Our brokerage got so many deals off market and were being chased by either seasoned investors or fake ones 😅

  • @franciscoperales5901
    @franciscoperales5901 หลายเดือนก่อน

    i want to do seller finance on 2 properties are you interested the properties are located in El Paso,tx

  • @MortgagePlannerTom
    @MortgagePlannerTom 3 หลายเดือนก่อน

    This vid is money but would've been great to at least hear what the actual legal mechanism is (not just "paperwork") that provides security for the seller if the buyer defaults.

  • @jtcommunication
    @jtcommunication 8 หลายเดือนก่อน

    I want to sell my condo this way to my tenant. Do you have anyone you can recommend to consult with me? Thanks.

    • @PaceMorby
      @PaceMorby  8 หลายเดือนก่อน

      Get inside our free Facebook group, tons of people who know people in there paceapproves.com/freefb-ytc

  • @MgtowRubicon
    @MgtowRubicon ปีที่แล้ว +3

    A confused mind says 'no'.
    I am amazed at how illiterate real estate licensees are for offers involving creative financing.
    The listing broker won't even forward it to their client (illegal).
    I now reply firmly that I am prepared to file a complaint against their license for refusing to forward an offer to their client.

  • @priscilla_mscardenas
    @priscilla_mscardenas ปีที่แล้ว

    Great video! A ton to unpack. Hope to sell current property Subject2 but is that possibly against the terms in my current mortgage loan?? 42:15

    • @noahhaener1520
      @noahhaener1520 ปีที่แล้ว

      We’ll buy it

    • @joelgoble9544
      @joelgoble9544 8 หลายเดือนก่อน

      Will you buy mine??? Market value 600,000 I want 20% down can go with a lower market interest rate sitting at 4% or sell at market rate 8% with a discounted home price around 50,000. 5 year balloon to get paid out at full price or interest will go to 15%.

  • @TheCJAdams
    @TheCJAdams ปีที่แล้ว +1

    Now we have a video to send to open minded sellers lol
    Or at least an important clip from this video because it’s kinda lengthy.

    • @ProEquity.Rafael
      @ProEquity.Rafael ปีที่แล้ว +1

      Yes I said the same thing

    • @PaceMorby
      @PaceMorby  ปีที่แล้ว +5

      I made it for that exact reason.