Failing Real Estate Market? Think Again… (Part 1)
ฝัง
- เผยแพร่เมื่อ 14 ต.ค. 2024
- What makes a good SubTo deal? People have been accumulating 2,3,4 percent interest loans for the last few years…and these are perfect for subject to! Think about the opportunity we have as investors! Watch this special video to learn about this unique time in history and why it’s the perfect time to be a creative investor…
► Join The Subto Community & Learn Creative Finance Directly from Pace:✌🏼
subto.sjv.io/Y9...
► Join Our Free Facebook Group to Connect with Pace and his Students:
paceapproves.c...
► Subscribe To My Second Channel:
/ @keepupthepace1
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
getcreativepod...
► The Ultimate Exit Strategy for Subto Deals:
splityourpad.com
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
jointoptiercomm...
-----------------------------------------------------------
► Get Our Vulcan7 Code:
www.vulcan7.co...
► Get Our BatchLeads Code:
batchleads.io/...
► Get Access To Privy
Startwithprivy...
------------------------------------------------------------
🔌 PLUG IN & SUBSCRIBE 🔌
Instagram: / pacemorby
TikTok: / pacemorby
LinkedIn: / pacejordanmorby
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎
![โรงเรียนดัดสันดาน นักเรียนเถื่อน..!! [โรงเรียนไดเม่]](http://i.ytimg.com/vi/vRKPeXn4Fl4/mqdefault.jpg)
I saw it coming!!! I’ve picked up 15 sub2 in the last 24 months and can’t wait for the next wave of low interest loans
Dope!!
Do you ever see the bank exercising the due-on-sale clause? If so how do you get around it?
@@maciejskrzypczak7697 been doing it since 2010 and not once has it happened
How do you avoid the due on sale clause
@@kgb9600 type that in my TH-cam channel
Love the turning agent into a consultant
This is high level education. I love it! Pace could literally be charging thousands for this free info. So much value here.
Splitting these videos into parts is BRILLIANT, def learning from you in and out of real estate!
Cameron. Glad you like how we did this as a series!
I LOVE Pace's videos. I am learning so much!!
Ohhhh cheers 🥂 to that where did that lead come from ? or how much did that lead cost? that’s 😮Gold
Is their a video explaining on how to acquire a home as your primary residence sub2 or seller finance? Thanks!✌🏼
OMG. Dropping win win solutions. Brilliant. Time to leverage this up.
I'm getting ready to start making moves in June. Just finishing off paying some debt and hopefully I can use all I learn to help reach my financial freedom.
Hey man! You got this!
Thanks Pace! Been watching since November. Buying my LLCs tomorrow.
Hey Chuck! Thanks for the support bro. I suggest you set up your LLCs with Prime. They offer a free consultation call when you use my link. paceapproves.com/primeytc
Where are you getting the data per low equity, late payments on the mortgage & pre foreclosures? Thanks in advance
I am studying and watching all your training because I have a broker that I will talk to her about her dead leads so we both can make so money and help the client and the process. Pace this incredible and I also have three Real estate agents as well.
Thank you for your valuable information. You rock Pace!
You're welcome LaShan! Glad to know this was insightful.
Love the knowledge pace keep killing it
AK, thank you bro!
Love your content and want to do this. But I've been told in California by brokers it isn't legal/possible to do this. Are they right?
Very True.I see what you see
The risk is the PHX crashes like it has in the past. I get the 'but it cash flows' line but still, you'd be crazy to do this without adequate capital reserves for if/when the shit hits the fans.
Pace, when did you last time saw the “regular” sale closing disclosure? Those items don’t match your list 😂 but you are correct in buyers market it’s more that 6%. Great info as always.
Thanks Diana!
They could list it using flat free MLS($500) and pay only buyers agent commission and transfer tax. Total 5% roughly for selling cost. He could still get something back in pocket
What happens if you get a subject to deal and the person who actually owns the loan tries to refinance or what happens if they try and get a loan on something else won’t the loan still show up on their debt to income ratio? I’m just trying to figure out if there’s any other way it could go wrong other than a due on sale clause. Im not worried about the due on sale is there any thing else that can go wrong?
How much money out of pocket did you have to come up with to obtain that property?
I’ve got a deal im working and the law firm won’t let me go through with it unless I live there. It’s a va home loan
Any strategies around Subject To with properties with negative equity (10%+), I'll be look through his other videos but any help would be great. Thanks
Hey bro! Here's a video that could help! th-cam.com/video/_XK-yJcOesU/w-d-xo.html
I am a strong advocate of subject2. HOWEVER.. if interest rates continue to go up and home prices continue to go down, you should be prepared to buy and hold via sub because an end buyer will be hard to find. Allow me to explain: You want to find a buyer (challenged credit) and put him/her in your sub2 home. You have to convince the buyer to buy your home in the future at a HIGHER price (probably in a declining market) with much high rates in the wake of inflation. This will make your contract for deed strategy (owner financing) much harder. Ideally, you will want to get that 8-10% down payment, cash flow and cash out on the back end. Will you be able to do this with rising unemployment?
How long will it take your buyer to qualify to buy you out on the back end. Proceed with caution if your strategy is to acquire, cash flow and get cashed out in 2 to 3 years...be prepared and setup to hold long term...Then sub2 is a powerful strategy to acquire property especially over the next 2-4 years in my opinion (manage sellers expectations).
But why would you want to take on a 10% to 20% underwater asset using sub2 ?
it's not 10%, 8% max. HOA transfer fee will happen either way
Pace I very much appreciate your videos but I always struggle with some of your assumptions of the 'sold for' when you go through these types of analysis. I know this you have info on the VA loan but if you dont have that info yet trying to put a conversation together how docyou look at other deals? Are you assuming they put no money down? Or someone hasn't made a payment to the principle but have still lived there 1.5 years? Thinking about the sold for in this case at $380,000 (not VA loan) they likely at a minimum would have had to put 12,000 down or more likely closer to $20,000 down and 1.5 years of payments probably paid down principle only 10,000. So I struggle with trying to convince a seller that the 380,000 zillow says it sold for they likely have equity and potentially only owe maybe $350,000. I know it's not a ton but if your pitching a SubTo deal are you having to bring more $$$ to the table 40,50,$60,000 to the seller to make a deal like this work not as a VA loan?
Appreciate the time. I have a SubTo deal I'm trying to work out now and maybe get rolling on something but they have equity and i want there 3% loan.
More of this Pace. Can’t wait for part 2
Hey Nick! I just released part 2 here. th-cam.com/video/MiEoDtjss6k/w-d-xo.html
@@PaceMorby can’t wait. Thanks for the value to add to this community.
Is sub2 more complicated in ny with a lawyer instead of a title company?
you seem like the man i hope to be like you one day
Would like to see the sub 2 contract if feasible
Sorry Bob, I only share creative finance contracts with students.
Love the idea of this but better believe you’re going to make 200 phone calls before you find a seller similar to this one
Not true. You don't even need to call people to find this situation. The key is finding someone that understands the opportunity and willing to do it.
So what you’re saying is the deals won’t fall in your lap? Crazyyy
Sounds like work.
@@Resteasy8686 elaborate
If it only takes 200 calls to get a deal like this, everyone’s happy asses should be pounding the phones
Why is a wholesaler getting paid on this deal? I thought it was listed with an agent.
I'm an agent in Houston, I would love to be part of a deal like this
Would love to work with you I’m an investor in Houston
@@Freelarryb let's connect!
I love how you guys are connecting with each other here!
Am I missing something I keep coming up with 14 percent down payment? Which is still good in my eyes. I may need to go back to school for math.
Nvm forgot to carry decimal..lol
Who are the previous educators that you look up to Pace?
I would love that deal!
watching again
Appreciate you Ben!!
thats the story of ALL real state agents, "I SAW IT COMING YEARS AGO"...... yeah right!!!
Pace! Please help me with a deal I’m trying to get
Hey Ashli! What do you need help with?
@@PaceMorby ok so I want to structure a deal for a multi family property and the owner is not going for. I think it would be perfect as a hybrid and bring in a private money lender for a portion of it down. I’ve only spoke to agent who is his mom! I tried to get her to just meet with me so I could explain how this will benefit everyone and he can still go do his thing. She won’t meet so I’m doing an LOI so they understand how serious I am. This property is cash flowing like crazy for him and it won’t as much for me since the value has gone up, but my stake in it is its potential to wealth build. Cap rate 9.2 and 1st yr. ROI is 9.67% and compounds every yr after that! Huge demand in the area for rentals bc of low inventory. In a couple years I want to build a big ass apartment complex
🔥
🔥🔥🔥
Aren't you just taking over someone else's problem, e.g an overpriced asset, albeit with a low interest rate?
You’ve been saying this for years now
Whose tryna do a Subject2 togethe?? 👀
Hey Joe! I have a lot of students and investors in the free Facebook group who would love to partner on a deal with you! Reach out to them by joining here. paceapproves.com/communityytc
@@PaceMorby Thank you man, just requested to join, looking forward to be a part of the group!💪🏾
11:05 some houses are s h i t e
🕔