This video made me happy. Pace seems like can be insufferable but he is just so nice to everyone in these videos. Even the way he asks questions of other people he just wants to lift everyone else around him up.
This is an inspiring video. I've come to realize that having a job is essential, but relying solely on it can limit your financial growth. With passive income, you have an additional stream of money that keeps flowing in, even if you're not actively working. It gives you financial security and opens up opportunities for more freedom and choices in life.
That sounds intriguing. Having a regular job isn't enough to sustain my needs. I'm a noob is stock trading and so on. How else do one generate passive income?
I am 61 single no kids, I had an advisor that had me living on only Soc Sec and Pension whole she had my IRA Grow to $2 Million and I thought WHY wud I want to eat gruel like scrooge w $2 million in the bank! I want to Travel a0nd enjoy Retirement I worked hard for this money! So, yeah! power of passive income and compounding interest
There are various ways to generate passive income. One common method is investing in stocks, bonds, or real estate properties that generate regular dividends, interest, or rental income. You can also create and sell digital products, such as e-books or online courses. Another popular option is to invest in businesses or start your own business that can run without your constant involvement. With the help of my fianacial advisor, I've effectively replaced my salary with a minimum take home of $126,000 every month as passive income.
@@AndrianWiener That sounds great, but isn't it risky to invest in stocks at this time as a noob? What do you advice please. I'd be happy to get a feedback
@@RickMckee-nq4ni Like any other investment or business venture, there are risks involved. However, the key is to diversify your income sources and make informed decisions. To do that, you surely need a professional, (flnancialadvisor) Passive income doesn't have to be limited to high-risk investments.
Formula to calculate annual percentage. ((Total Profit/Days on loan)*360))/Loan Amount *100=Annualized Rate of Return ((((3000/30))*360)/5000)*100=720%
Frickin' loved this video! I've been wanting to do gator method for a while now but my hubby is a lil hesitant because he hasn't watched as many of the videos. This just really gets me excited and gonna make him watch this tonight when i get home from work and try to get signed up with you guys and PCS! You gonna be my first deal? 😊 ❤❤❤❤
I'm a Gator since June and am blown away from all the possibilities that open up by being part of the community. I'd already done my first deal and working on the second. The profit from the first deal will cover the full subscription fee and will have a nice balance for me. I haven't even started to do the work. I wonder why I didn't do it sooner. Pace is amazing! I want to join his Sub-to program very soon. There's so much value in being part of the two programs!
@karolynandmiron y’all are amazing!!! Thank you so much! I wouldn’t have done my first deal without you and Miron. 🙏❤️ Pace - I’m glad I did my first freaking deal with the goat. This is the first of many ✌️
So if she’s getting 3,000 dollars back and lended out 5,000 wouldn’t her profit be 2,000? Or she 8,000 back in return from pace to pay back the 5,000 and then keep the 3,000? Loved this video, thanks pace!
Do you expect banks to be more aggressive in pursuing the due on sale clause that is in the mortgage agreements? I’m thinking subject to deals might be affected by Banks, becoming more aggressive as they try to find yield since they’re losing money on their bonds
It would be smart to find out which companies have the highest subto loans to total loans. Wells Fargo is usually would likely be the first big bank. They don't even allow HELOCs this year. There's no historical playbook for the economy we have
Awesome breakdown! But can someone please explain how you pay off your loan balance back to the private lender (since monthly payments are interest only) without using your own cash OOP, and therefore still needing to leave the 41k in the deal? Thanks!
Ok . She just loaned him 5k and she is getting back 8k in 10 days !?? Where can I sign up to loan Pace money??!😁🙌 In a more serious note . In order to become a Gator lender I need to signed up for the Gator program? FYI I am just reading Pace book now and loving it m😍
Hi Pace, really finding immense amount of value from your Sub to finance videos. The only thing is that I'm from Cape Town, South Africa. Are majority of your students US based or do you have students globally that are part of your community ?
Pace why do you bring up your bank account and say you couldn’t do it with your own funds because they were low, when you could’ve used your LOC? I’m confused.
He just went through all that nonsense, paid someone 24× on a 10 day loan, commited mortgage fraud all to get a property with negative cash flow. Did he even check if the county allows short term rentals?
can someone explain where the 5,000 a month in rental comes from? How can I know if a sub to deal that I work on can achieve this same result in rental income?
New here, I’m going to join the Fb group and learn more about Sub2 and Gator but I have to say I’m a little confused about how you actually are able to make the payments on all these loans you made and accept in 5 days or even the next month? - It takes time and more money to fix up or remanage the property your now on the hook for monthly.
What I don’t understand is, is the seller maintaining the bank loan? Therefore the ownership of the property? Is the mortgage assumable? Can you clarify how you are taking over the loan? And how the bank gets paid? Because it’s my understanding that in order to remove the seller as an owner the bank loan must be paid off essentially and a new one go in your name.
Pace is stepping in the sellers shoes and making the payments to the bank. Subject to existing mortgage by putting home in trust (so bank won’t recall loan) pace controls the trust and has deed to home. Owner still on hook for loan until Pace pays off by getting new loan etc. This method has been around very long time. Ron LeGrand is the king on creative finance and had cassette tapes on this back in the day lol.
I would love to become a gator and join the group, just trying to understand why the contract wouldn’t be included with that? Or am I not understanding? For me, that would be the reason why I don’t take the next step, to know I’m protected on my end.
A property local to me in Pennsylvania is going to be sold at a sheriff's sale due to unpaid taxes but the owner died. What can I do in this situation? I want to pay the taxes and assume ownership before actual sheriff sale takes place.
Hello i got the book 2 book from amazon was on waiting list for along time didn't know about bigger pockets no videos companion how do i get video companion? do i need to send invoice from amazon i moved to fast before pace finish interview with bigger pockets i have my LLC with prime corp service since 2020 checking account set up no more support i guess i fell thru the cracks tried contacting for business credit set up the original contact person had left i guess: amazing video love the channel
Why would you go to a gator instead of a PML for EMD? Is it because it generally takes longer for a PML to give you the funds, and the EMD was needed very quickly in this case? Thanks!
I don’t understand how he doesn’t have $5,000 for the deposit. He’s not a newbie just starting out. Furthermore, why would he borrow $5,000 just to have to pay back $8,000 in two weeks? Can anyone explain this?
At no point does any money come out of his account, if it rents like he claims the rental income pays the private money lender (which paid for the deal, gator loan and the emd) plus he still profits 1500/mo on average factoring future damages. 2500/mo in his account with no money out of his pocket. So to him it doesn’t matter if he had to pay 3k or 5k it didn’t come out of his pocket and he still walks away ahead. Don’t focus on trying to make the most money, the most important thing is to be in the green. Maintain profitability, rinse repeat. Also he showed us his personal bank account, he most likely structured his rental income into business accounts and tax free retirement growth accounts
he is showing you guys in the back how you can do this without your money...duh...im sure he has other accts that he can liquid 5k from, but why when you dont have to....smart guy.
I don't know. I have hit brick walls for a long time, being from NYC it is hard to do creative financing here without having $$ . No money? No honey LOL
This guy is born entertainer. Smooth transitions, no ums, teaching lessons. Amazing
Wow, thanks!
Product of a directed & clear mind
That’s nice!
@@PaceMorbythey don’t see the work only the results
Yeah he def gets all the lady’s.
Tip of the day, Don’t bring your wife around him.
This video made me happy. Pace seems like can be insufferable but he is just so nice to everyone in these videos. Even the way he asks questions of other people he just wants to lift everyone else around him up.
THANK YOU BRO! You get me!!!!
In subto - how is the seller protected if you default on their mortgage?
If you default does the seller get fees? Do they have to start an action or?
👍🏿
Pace that's wonderful we are seeing a Deal made Right in front of me!!! So Troy wants to do Chicago Deals that same Way!!!
This is an inspiring video. I've come to realize that having a job is essential, but relying solely on it can limit your financial growth. With passive income, you have an additional stream of money that keeps flowing in, even if you're not actively working. It gives you financial security and opens up opportunities for more freedom and choices in life.
That sounds intriguing. Having a regular job isn't enough to sustain my needs. I'm a noob is stock trading and so on. How else do one generate passive income?
I am 61 single no kids, I had an advisor that had me living on only Soc Sec and Pension whole she had my IRA Grow to $2 Million and I thought WHY wud I want to eat gruel like scrooge w $2 million in the bank! I want to Travel a0nd enjoy Retirement I worked hard for this money! So, yeah! power of passive income and compounding interest
There are various ways to generate passive income. One common method is investing in stocks, bonds, or real estate properties that generate regular dividends, interest, or rental income. You can also create and sell digital products, such as e-books or online courses. Another popular option is to invest in businesses or start your own business that can run without your constant involvement. With the help of my fianacial advisor, I've effectively replaced my salary with a minimum take home of $126,000 every month as passive income.
@@AndrianWiener That sounds great, but isn't it risky to invest in stocks at this time as a noob? What do you advice please. I'd be happy to get a feedback
@@RickMckee-nq4ni Like any other investment or business venture, there are risks involved. However, the key is to diversify your income sources and make informed decisions. To do that, you surely need a professional, (flnancialadvisor) Passive income doesn't have to be limited to high-risk investments.
Wealth Without Cash is an ebook or I'm looking at the book being performed in front of me!!!
Love watching the breakdowns of your deals! ✌🏼🔥
This has to be one of the best videos yet. Hands on in real time. Love it.
Glad you got some value from it!
This video really simplified gator lending and it’s profitability for me. The Mental puzzle pieces just keep fitting together with creative finance
Takes practice ! I just got the book :) it’s coming
I can’t find the book on Audible. Do you know if it’s anywhere else to listen to?
I'm halfway through that book. I'm a slow learner but I will get my first deal! 🙏
Formula to calculate annual percentage.
((Total Profit/Days on loan)*360))/Loan Amount *100=Annualized Rate of Return
((((3000/30))*360)/5000)*100=720%
Frickin' loved this video! I've been wanting to do gator method for a while now but my hubby is a lil hesitant because he hasn't watched as many of the videos. This just really gets me excited and gonna make him watch this tonight when i get home from work and try to get signed up with you guys and PCS! You gonna be my first deal? 😊 ❤❤❤❤
Im a gator 🐊 haven’t started lending yet but I’m just as excited
I'm a Gator since June and am blown away from all the possibilities that open up by being part of the community. I'd already done my first deal and working on the second. The profit from the first deal will cover the full subscription fee and will have a nice balance for me.
I haven't even started to do the work.
I wonder why I didn't do it sooner.
Pace is amazing!
I want to join his Sub-to program very soon.
There's so much value in being part of the two programs!
Dude you are awesome, you don't know how thankful I am of your videos
Pace Morby - Best channel on YT!
Appreciate that. Did you know that the Elephant Challenge is next week www.pacejmorby.com/invite
🧠Comprehensive Knowledge! Powerful!
On spot training with vlogged real life scenarios happening!
Will Share!!
Let’s gooo!! We sold like 4 more after this
I will buy in San angelo. I used to live there.
This is subto Michelle 🍚
@karolynandmiron y’all are amazing!!! Thank you so much! I wouldn’t have done my first deal without you and Miron. 🙏❤️ Pace - I’m glad I did my first freaking deal with the goat. This is the first of many ✌️
“Watch me ge…”
“I’ll do it!”
Best team ever
I just put the book in my Amazon cart to buy. Let see when I get my first deal in Puerto Rico.
Amazing service...
I need to get on board ...
AMAZING Pace awesome video. I know you need a team to get these deals done. I hope to be apart of the team soon.
Awesome Pace, you r the man! I have learned so much from you.
Thanks Pace and community I learn a lot
Love your content Pace ❤
Pace is the man. I so need to learn subto
I always learn somehing great to add to my strategies...Pace you are AWESOME & God Bless You.
Great job explaining your process. Your statagies are amazing.
Thanks so much!
I'm in real estate for over 20 years as a flipper, developer and lender and Pace makes me feel like a kid again...
The seller is getting $0? Actually, the seller is getting 10 months' rent.
Great job Pace!!
It’s actually indeed 2190%. Great content.
Pace the man!🙏🏾💪🏾
So if she’s getting 3,000 dollars back and lended out 5,000 wouldn’t her profit be 2,000? Or she 8,000 back in return from pace to pay back the 5,000 and then keep the 3,000? Loved this video, thanks pace!
She got $8k total back.
Do you expect banks to be more aggressive in pursuing the due on sale clause that is in the mortgage agreements?
I’m thinking subject to deals might be affected by Banks, becoming more aggressive as they try to find yield since they’re losing money on their bonds
It would be smart to find out which companies have the highest subto loans to total loans. Wells Fargo is usually would likely be the first big bank. They don't even allow HELOCs this year. There's no historical playbook for the economy we have
Out of curiosity, what is the market value of the property?
Love this video Pace!! I would have lend the $5k!
I would love to have someone “hold my hand” through a couples of deals. It would help me so much financially
I watch Pace all the time but I never take the next step.
I'm starting to follow him myself. I really want to be an investor but I'm kinda scared. But I will take the step when I'm ready. You will too
Gotta to stick my toe in it one day. Taking a chance😊
So where can I get a contract template ?
Great content....ooh what a world of possibilities!
love deal breakdowns, especially gator! I signed up for your next gator training!
See you there! We are excited to have you in the community.
Hey Pace! Really appreciate your content and excited to learn more! Does the book include the contracts for SubTo and Gator? Thanks!
Pace taking over!
Awesome breakdown! But can someone please explain how you pay off your loan balance back to the private lender (since monthly payments are interest only) without using your own cash OOP, and therefore still needing to leave the 41k in the deal? Thanks!
Crazy that so many people need to get involved for $5k. Love the content though
There’s no way Pace didn’t have 5k. I think it’s just his way to give others in his sphere an opportunity to see success.
Looking forward to becoming a student of yours.🙏🏽
How do i get in contact with one of your team members to get help with my first deal sir?
Ok . She just loaned him 5k and she is getting back 8k in 10 days !?? Where can I sign up to loan Pace money??!😁🙌
In a more serious note .
In order to become a Gator lender I need to signed up for the Gator program?
FYI
I am just reading Pace book now and loving it m😍
You have to sign up for gator to get access to the contacts.
Pace you are the truth
He is a scammer
Gotta love clicking a Pace Morby video to see a Pace Morby advertisement first!! 😂😂
Hi Pace, really finding immense amount of value from your Sub to finance videos. The only thing is that I'm from Cape Town, South Africa. Are majority of your students US based or do you have students globally that are part of your community ?
Pace, how do you pay the Pml or hml back, how do you structure the pay back? What's the most normal terms?
10% Simple interest, 12 month term
Newbie here-When you say you’ll buy the deal, what are you buying? Are you JVing? Are you assuming the deal and you own the property?
Yes! Team work and complimentary personality traits are key.
This is just amazing.
Lol! I'm from Texas and I'm about to bring 3 properties to you guys, lol!
Pace why do you bring up your bank account and say you couldn’t do it with your own funds because they were low, when you could’ve used your LOC? I’m confused.
He just went through all that nonsense, paid someone 24× on a 10 day loan, commited mortgage fraud all to get a property with negative cash flow. Did he even check if the county allows short term rentals?
Great video, one question. What is the guarantee for the EMD lender? She could also loose the money if you don't get the 40,000 no ?
Where do we find the zoom links that are mentioned in this video?
I wonder if these methods could be applied to in Australia...🤔🤑
Some kind of way I have to get in the game Morby! I absolutely love this as a career for me!! I need a way in!!!
Check out the live webinar this Saturday paceapproves.com/ez-ytc-gm1
can someone explain where the 5,000 a month in rental comes from? How can I know if a sub to deal that I work on can achieve this same result in rental income?
New here, I’m going to join the Fb group and learn more about Sub2 and Gator but I have to say I’m a little confused about how you actually are able to make the payments on all these loans you made and accept in 5 days or even the next month?
-
It takes time and more money to fix up or remanage the property your now on the hook for monthly.
What I don’t understand is, is the seller maintaining the bank loan? Therefore the ownership of the property? Is the mortgage assumable? Can you clarify how you are taking over the loan? And how the bank gets paid? Because it’s my understanding that in order to remove the seller as an owner the bank loan must be paid off essentially and a new one go in your name.
Pace is stepping in the sellers shoes and making the payments to the bank. Subject to existing mortgage by putting home in trust (so bank won’t recall loan) pace controls the trust and has deed to home. Owner still on hook for loan until Pace pays off by getting new loan etc. This method has been around very long time. Ron LeGrand is the king on creative finance and had cassette tapes on this back in the day lol.
Amazing! 🙏please keep me in mind Pace….I’m your month old new Gator and in need of passive income.
Morby!!! Does the Gator method require you to have good credit??
No! You're the lender so you get to determine the terms
I would love to become a gator and join the group, just trying to understand why the contract wouldn’t be included with that? Or am I not understanding? For me, that would be the reason why I don’t take the next step, to know I’m protected on my end.
Contract is included in joining Gator.
Pace. I have 100k liquidity. I would loan this money out. Let’s chat.
How can I get a hold of the lady who brought you the deal?
Where do we find the contract, how much are they? Do you have videos on it or do we have to hire a lawyer to write one for us?
i think you have to be a 'GATOR 'menthod(paid membership) in order to get access to the contracts and etc...
And a Sub-to student for access to the Sub-to contracts
I'd like to become a Cator!!!
More videos like this!
A property local to me in Pennsylvania is going to be sold at a sheriff's sale due to unpaid taxes but the owner died. What can I do in this situation? I want to pay the taxes and assume ownership before actual sheriff sale takes place.
RESPECT bruh 😎
Where can I find the follow-up video to this video?
How can I get more Gator Lending information?
Are there any Gators that help cover partial Closing Costs?
Yes, how can I help you?
But how much did she really get after paying the gator?
When does the PM lender get paid off , 5 yr ballon ? The 44k
Great content
Thx
Usually 5 years or faster
Anyone in MICHIGAN down to help me with my first deal?????!❤
Poor Kevin, he makes a good punching bag though. :-D
Awesome video
You have any students in Philadelphia area?
Absolutely, connect with them in the free groupo paceapproves.com/communityytc
This the way right here
Hello i got the book 2 book from amazon was on waiting list for along time didn't know about bigger pockets no videos companion how do i get video companion? do i need to send invoice from amazon
i moved to fast before pace finish interview with bigger pockets i have my LLC with prime corp service
since 2020 checking account set up no more support i guess i fell thru the cracks tried contacting for business credit set up the original contact person had left i guess: amazing video love the channel
Do you have a pro who does gator loans from/out of their self directed iras?
Danny, I’m I have capital to gator wrestle with you! I’m a 🐊🐊 as well
Do you buy Chicago locations?
Love it
I'm just starting to watch your videos (on video number 3), how do I become a gator lender for you? The link is not working for me.
Here's a link let me know if you have any trouble paceapproves.com/gatortrainingyt
Why would you go to a gator instead of a PML for EMD? Is it because it generally takes longer for a PML to give you the funds, and the EMD was needed very quickly in this case?
Thanks!
PML lenders usually don't do micro lending
@@ElizabethGalarza1 Got It, Ty!
Correct! Gator is intended to be transactional lending, you're in and out of the transaction like alligators are in and out of the water.
@@PaceMorby thanks Pace!!
I don’t understand how he doesn’t have $5,000 for the deposit. He’s not a newbie just starting out. Furthermore, why would he borrow $5,000 just to have to pay back $8,000 in two weeks? Can anyone explain this?
At no point does any money come out of his account, if it rents like he claims the rental income pays the private money lender (which paid for the deal, gator loan and the emd) plus he still profits 1500/mo on average factoring future damages. 2500/mo in his account with no money out of his pocket. So to him it doesn’t matter if he had to pay 3k or 5k it didn’t come out of his pocket and he still walks away ahead. Don’t focus on trying to make the most money, the most important thing is to be in the green. Maintain profitability, rinse repeat. Also he showed us his personal bank account, he most likely structured his rental income into business accounts and tax free retirement growth accounts
I was wondering the exact same thing. I don’t understand it
he is showing you guys in the back how you can do this without your money...duh...im sure he has other accts that he can liquid 5k from, but why when you dont have to....smart guy.
Pace, why not just borrow all 44 or 41K from the private money lender instead? Wouldn’t that be fewer steps and more profitable in the end?
Please clarify....
I only see a savings of $15,000 after 30 yrs....$1.24M vs $1.215 M = $15,000 net savings
Would this approach work in Australia
Can you do this in other countries?
What if the house has great interest but the home is old and out dated will need a lot of work
1st you didnt get 80k in equity because the house is worth 375 ...go you got 50k equity.
2nd how you pay the both loans, that now you have?
Was interested in this gator method but if I’m only getting 2190% rate of return instead of 21900% is it really worth it?
Rates depend on the deal and what's negotiated.
Does this work in Germany to?
I signed up for the Gator Lending class for this Saturday (1/4) and not receiving the email for the confirmation.
Me either. I signed up numerous times and never receive the emails for the class.
Please explain to me how you don't have $5k and or how you not able to acquire $5k for less money.
Fr I’m new to this dude and man that threw me off… how does he not have 5k liquid?
What license do you need to be a gator lender? Google won’t even tell me
I don't know. I have hit brick walls for a long time, being from NYC it is hard to do creative financing here without having $$ . No money? No honey LOL
Hey! I want a one on one with you Pace