Talking To The Seller | Real Estate Deal or No Deal (Part 2)
ฝัง
- เผยแพร่เมื่อ 10 พ.ย. 2022
- Is this a real estate deal or no deal? In this seller call follow-up video to Part 1, we provide a real world example for students to learn from. Let’s talk about I.R.R. (internal rate of return for multi-family), how to structure a hybrid deal, what hidden details to look for, and when to “torch the deal.” Let’s breakdown this deal and I’ll tell you what I like about it and one major problem to avoid…
Watch Part 1 of this series here:
• Structuring a Good Dea...
Learn more about the Subto mentorship:
paceapproves.com/subtoyt
Get my FREE texting script to start the conversation:
pacejmorby.com/texting
Get ACCESS to my community and FREE value here: ✌️ shor.by/pace-youtube ✌️
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🔌MORE FREE VALUE 🔌
➡️ Get my $4,000 wholesale contract for $1:
pacejmorby.com/use-my-wholesa...
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
👥 Join our community 👥
paceapproves.com/communityyt
✌️Join my Subto mentorship ✌️
paceapproves.com/subtoyt
🐘 New to Real Estate Investing? Join the FREE Elephant Challenge 🐘
pacejmorby.com/invite
🐊 Become A Gator (Private Money Lender) - Get Started Now 🐊
paceapproves.com/gatortrainingyt
🤝 Partner With Me On My Next Deals! 🤝
subtofund.com/
👇 Get ALL My Contracts 👇
pacespaperwork.com
📘 Read My NEW Book: Wealth Without Cash 📘
Supercharge Your Real Estate Investing with Subject-To, Seller Financing, and other Creative Deals: amzn.to/3EgWUBw
“Contrary to what most people think, getting started in real estate doesn’t require money, and Pace proves it in this amazing book!” - Grant Cardone
🏘️ Join My FREE Multifamily Mastermind w/ guest speaker Veena Jetti 🏘
thevault.mykajabi.com/offers/...
⬇️ Get My Exact Wholesaling Contract For Only $1 (I Paid Thousands) ⬇️ paceapproves.com/wholesalecon...
📈 Scaling with Virtual Assistance (VA) 📈
startvirtual.com/courses/scal...
♾️ Get Limitless Lead Flow ♾️
www.limitlessleadflow.io/
📚 My MUST Read Books For Success 📚
tinyurl.com/yckufuf8
📸 Get My Gear 📸
My Computer: amzn.to/3I84Pm8
Monitor: amzn.to/3k7nWod
Cameras: amzn.to/3xuk2ZG
Lenses: amzn.to/3k2XSuC
Camera Gear: amzn.to/3k7p9ff
Audio Gear: amzn.to/3XDSOKL
Studio Lighting: amzn.to/3Z2DybB
🎥 Shop My Home Studio 🎥
www.amazon.com/shop/pacemorby
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
✅ BUSINESSES WE PERSONALLY USE! ✅
StartVirtual
Trained VA’s for calling, texting and admin
paceapproves.com/startvirtualyt
StartVirtual Bookkeeping ELIMINATE Bookkeeping HASSLES and 10x your Business
paceapproves.com/bookkeepingyt
Batch Leads
Pull lists, manage lists, skip tracing and text messaging
paceapproves.com/batchleadsyt
Batch Skip Tracing
Experience discounted skip tracing
paceapproves.com/batchskipyt
PropStream
Gain property information, pull lists, marketing and much more
paceapproves.com/propstreamyt
Batch Dialer
Gain unlimited outbound dialing
paceapproves.com/batchdialeryt
Carrot
Investor websites with content packages for SEO
paceapproves.com/carrotyt
FreedomSoft
CRM with websites, automation for follow-up, contract generator and more
paceapproves.com/fsyt
Prime Corporate Services
For all your LLC needs, look no further
paceapproves.com/primeyt
Deal Automator
#1 Real Estate Software on the Planet
paceapproves.com/DAyt
Relay
Online Banking The Keeps Your Business on the Money
paceapproves.com/relayyt
MyInvestorloan
Making the mortgage process fast and simple
paceapproves.com/lenderyt
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🔌 PLUG IN & SUBSCRIBE 🔌
✌️ Follow Me On Instagram: / pacemorby
✌️ Follow Me On TikTok: / pacemorby
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 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 ❎
I love Pace's true Go Giver attitude.
I want to be like Pace when I grow up.
I'm drinking my energy drinks and making new friends.
Thanks Ted!
Build trust and rapport with owners is how you make money and create a win-win situation. I was able to get 3 apartment complexes off market by building trust.
💯
@@PaceMorby PLEASE HELP: I’m a big fan of you and Jerry. I’m a wholesaler in PHX and need a good attorney because I’m being sued by a seller for not buying their house. PLEASE TELL ME A GOOD RE ATTORNEY IN PHOENIX! Thank you!!
@@PaceMorby Also, I have a house in Tempe 85282 under contract and looking for a buyer if interested. Thank you!
MJ, reach out to my students in Phoenix on the free Facebook group and they'll recommend you a good attorney. Join and make a post! paceapproves.com/communityytc
@MJ Post the details of your deal there too and my students and over 66k investors might be interested!
Wow. I love this. I cried for the bros on this one… majorrrr 💥
This was freaking awesome!!!! 🙌🙌🙌
killed it! love the vibe on this. ALL POSITIVE!
After part 1 was looking forward to this! Great to see you doing the work, brother!
Much appreciated bro!
Heck of a call! Both great job!
Love it!
Love you. Thank you.
Glad you enjoyed it!
Love the way you teach Pace, looking forward to continuing to learn from you!
Awesome, thank you! Get connected facebook.com/groups/creativefinancewithpacemorby
You have talked about finding people that add credibility and trust to your deal. She looked you up and I think that reinforced her openness. Great video and work as always. Good job Chris!
Thanks Andrew and yes, Chris nailed this one!
part 3?! outcome!? loved this, learned alot
Pace is legend. Goat 🎉
Thanks Zeek!
I waited all day for this.
Hey Nour! Subscribe and tap on the notification bell so you get notified when a new video comes out!
This is an amazing knowledge Pace shared! while I was watching it, I am thinking of one deal I truend down, I could totally so something similar to this! I am going to call the seller, not his asgent, and make an elevated offer. thank you again, Pace!
You're welcome. Go for it, bro!
Pace is a F’n beast yo!!
Thanks Alekisanita!!
So so good
Thanks bro!
I have a lot of leads but I just been offering them cash offers and not creative financing and seller financing I’m gonna start implementing this method starting from next week and I will show my team your videos I love you man
Fantastic! You should also check out The Real Deal playlist! th-cam.com/play/PL2Y6uEs9DYr1eHOhB3dVHiYRmPJ-3VjxA.html
@@PaceMorby thanks I love you pace
I will hit you up on Monday and get in contact with you man
The jewel I got is when you call try to make a friend not a sale.
🙌
I love the way you break down your explanations Pace.Well I’m in South Africa and i want to start buying single family houses but i don’t have a lender,what will i do?
I'm gonna cry tears in a bucket 🤣🤣🤣
I live those call videos pace you’re the best and fun human to be around I wish we can meet one day and do deal together
Hey AK! Let's do deals bro!!
One if the best closers on EARTH
I agree but I will say Subto students know he’s truly the best closer on earth! 😂✌🏻
@@mitchellmcnees5446 I've saw my mentor net 1million in a month so I get it
when do you pay the mortgage off ?
So one question I have about this deal is what are the terms of the 15K he has to borrow for the down payment and then the other lump sum payment at the 2 year mark? Doesn’t that have to be taken into consideration to evaluate the deal?
Great question Justin! I go more in depth on this on the mentorship.
How does the deal work between PML and whoever brought the deal?!
Pace what are we doing after the 5/1 when seller finance when we paid retail and let’s say 5 years from now the value isn’t where we can refi
Hey Kyle! I'm doing a Q&A this Sunday at 7 PM Arizona time. Ask this question live! th-cam.com/video/n_3QvHUPzEE/w-d-xo.html
My guess is that you're banking on appreciation and doing a refi. Or since the property is cash flowing, doing a DSCR loan to refi.
Why spend 15k down to cash flow $300 a month? Hold and sell in a few years after equity increases?
To smooth
How can I be a student ??🙏🏽 I want to be mentored by this genius 🔥🔥🔥
Hey Toya! Thanks for your interest in joining my mentorship, but unfortunately it's sold out in most cities. Check here if there's a slot left in yours. paceapproves.com/subtoytc
"Want to sell your property for 10% more than asking price? You can when you sell it to me!"
Kathleen after watching this video: this dude really called me a cat lady..
😂
There are numerous issues with this.
Heres a few ,
* Tax ramifications
* High risk of failure
* Insurance issues
* Low return to risk
I actually agree that there are some potential challenges to this deal but none of the ones you listed. Tax ramification? From seller side, she actually has potential capital gains tax benefits. High risk of failure? A prudent investor would know the market and what market rents are not to mention AirBnB/sober living/corporate relocation/traveling nurses all give higher rents. Insurance issues? How? Unless the property is in a high natural disaster area, an insurance agent could give you a quote. If you're referring to the subto, there are tons of other videos that Pace goes over where you could both jointly be on the insurance policy but as I type this, I will actually agree sligthly to this one. Low return to risk relates to the issue I was concerned about. The terms of the second PML. So my apologies I agree with half but disagree with the other half. Peace
😎😎😎
😎