I Said I Wouldn’t Buy a Deal Like This…
ฝัง
- เผยแพร่เมื่อ 21 ก.ค. 2024
- Join Pace Morby at Mountain View RV Resort in Montana as he shares the incredible story of how he bought this RV park using creative finance methods (not subject to or seller finance). This deal is a job killer-it cash flows so much it can replace any corporate job out there!
In this video, Pace dives deep into the creative BRRRR strategy he used to acquire the property without using his credit, going to a bank, or spending any of his own money. Instead, he brought in $1.4M in cash from his SubTo community members. Discover the ins and outs of the negotiation process, why the seller decided to sell, and how Pace structured this unique deal.
Pace explains the management style for the RV park and breaks down the numbers behind the deal, revealing a net cash flow of $70k-$80k in the first year and around $150k annually after operations smooth out. He also shares where he found the deal-at a community meetup-and emphasizes why attending meetups is crucial for your real estate business. Additionally, he offers tips for negotiating with agents, brokers, and private money lenders.
During the Q&A session, Pace answers questions about mitigating slow periods, long-term and short-term marketing, workers’ camps, and value-add opportunities. He also discusses his vision for reinvesting in his parks to create a historic brand in Montana.
Don’t miss out on these valuable insights! Like, subscribe, and leave your questions in the comments below. Let’s get creative and start getting real estate deals so you can quit your corporate jobs!
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Chapters:
0:00 - Intro
0:59 - How I Bought This Deal
3:14 - RV Park Maintenance
4:42 - Cash Flow
5:38 - Where Did We Find the Deal?
7:05 - Structuring Lenders
7:40 - Long-Term Rents
9:36 - Future Goals
10:16 - Value-Add
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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.
B can’t wait to have my call with Tyshawn tomorrow about Subto!!! Why was TH-cam hiding Pace Morby from me for so long???
So many great ideas
This probably one of your best vids
Thanks man!
We recently bought Moose Creek RV Park near Glacier. We should collaborate soon.
I blew the chance to be in the deal😢😢 won't do that again!
How are you refinancing before the 1 year maturing phase?
Good job
Thanks
Glacier is definitely the best national park.
100% agreed
Hey Pace, I’m currently in your live web meeting, introducing everyone to the Gator Method, I seen you priced it at 2997. I am 22 years old and broke, my girlfriend is about to give birth to our son next month and I’m interested in your business. I’m not going to give you a sob story but more of a proposition. You said on the live if we were to start today, you’ll fund our first 10 deals, seeing that I don’t have the money for your program, I’m willing to find you 10 deals and let you keep 100% of the proceeds of 7. All I’m asking for is a bit of help so I can start, I promise Pace I’ll make it worthwhile, I know I can be a asset to you and your team, all I need is a start and a direction.
Get inside the free group and start doing deals with my students paceapproves.com/freefb-ytc
uno