When Should I Say No to a Real Estate Deal? | Morby Method Breakdown
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- When should you say no to a real estate deal? What if you’re using the Morby Method? Watch this exclusive training where we discuss the Morby Method, talk about when to turn down a deal, decide whether or not to use BRRRR, and write out a full breakdown of this student’s potential deal.
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
Pace is not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a TH-cam video for entertainment purposes ONLY.
Fantastic interview, brother. Great conversation and breakdown! Keep 'em coming!
I appreciate you bro!
I start my day with your videos - they kick my brain into a working mode:) thanks
Natalia. I'm glad I'm keeping you company in the mornings!
No clue! Just found you from a friend yesterday. I’m going to sign up to be one of your subto students!!!
Hey Queen!! Thanks to your friend for referring you to me. Sign up soon as slots are filling up! paceapproves.com/subtoytc
Great video. A lot of learning here! Thanks Pace.
wow! this was a amazing break down! Is there a part 2????
Interesting conversation Great breakdown! Thank you for the knowledge that you share! I am from NE Ohio. Can you let us know in what part of Ohio the property in discussion is located? How the deal finalized? Great work!
Great video! Thanks for all your knowledge
Keep up the Pace!!
I see what you did there 😆
Instead of bring me up to speed, bring me up to Pace 😂
Should the title company know that seller will send money back to you or PML or is there a just a written contract between you and seller specifying you need the money back at closing?
So I’m this scenario - the buyer either comes out of pocket for the Reno or uses the PML’s money to rehab and then brrr’s out of it?
How do you set it up where the seller pays for the Reno??
So step 2 of any loan I have ever gotten they will ask;
if any part of your down payment is unsettled, funds.
If any part is tied to a loan.
Where is the return for the pml puting up theoe money coming from? They lent 78k to get 78k. They are going to want a percentage back on that so where are you getting that
So is the PML getting paid back after the refinance from doing the BRRR in this example?
At this point. How much was the cash offer lol?
Great video!
Glad you enjoyed it, Evan!
Does anyone know if there is a full recording of this TH-cam video?
Why would the seller do this? If the home is worth $260,000 and the seller owes only $90k, wouldn't the seller then pocket $170,000 if they just straight up sold it on the MLS?
Now what about closing costs? Is the PML making a 0% interest loan? I didn't see anything accounted for. What about your reserves? No one is loaning you money on a house that needs rehab without showing you have the money for the rehab and 6 months worth of reserves. The devil is in the details and these are the things no one mentions.
I’d like an answer for this as well.
Are there scenarios where it's okay to pay a high price, if the interest rate is lower in a seller financing deal?
Of course. Especially if you can negotiate 0% interest
@@jcmtaz4 Thank you for the reply! The property is priced around 30k over the comps. At the same time the area is prime and inventory is low. Negotiating 0% interest is a brilliant idea.
Yes!
Can someone explain to me why a seller would lend $78,000 over 15 years no interest???
Strong real estate Kung Fu 💪!
The PML is going to let you hold $78K for 1 day for free????
I have a deal in hilltonhead sc
I do deals in ohio I’m from
Ohio
This is good shit Pace 🫱🏻🫲🏼
Thanks brotha!!