Man, thanks for helping this women. This broke my heart, my mom is dealing with the same thing as far as my dad's health. May be the first time I ever got teary eyed watching a Pace Morby video lol.
I really felt this sweet lady's pain. Pace you are so calm, and patient...asking the foundation questions, and creating a WIN, WIN, WIN, especially relieving her from stress, and financial hardship.
This is a very motivating case. Me and my wife start calling today. All the information thats come from your videos and content we are very grateful for you sharing these life calls with everyone.
I was in a situation once with my home that I built and ended up partnering with an investor that did a novation with me, that led to my Real Estate journey and Pace Morby and I couldn't be more thankful.
Pace you and your team are so wonderful and helpful and caring for people that need help I love you guys and thank you for all that you do and I truly hope in the near future I can be a part of your community and learn your teachings and be able to help others as well thank you again and God bless
Hey Anthony! Thank you for your kind words. We're ready for you, be a part of our community of over 50,000+ investors on the free Facebook group! shor.by/Si74 Join now and make a post bro!
I love you guy’s because she truly needed help. That’s what wholesaling and investor should be doing because you will have so many clients helping people that believe there’s no way out that’s great
What an incredible call. I can feel the pain in her voice and the relief knowing you’re curing her problem. Would you at some point be able breakdown the numbers and how you’re making this deal profitable for you? Are you flipping it? Renting it? Airbnb? Etc. Sounds like the property needs work, $2,500 mortgage payments (does that include taxes & insurance?), over $70k up front to catch up the payments, etc. Spill the beans! 😉
Just curious if you could direct me to the Sunday service where you touch back about this property. I also have some of the same questions as Brandon. Thank a lot @PaceMorby ! Loving you videos
Yes I Completely agree. I am nearly there so I understand this lady’s position in life my wife and I have been through two sets of parents and then I lost my wife shortly after to Cancer.
i sleep eat and breath on the information pace is putting out! I play your videos day and night. you're amazing pace thank you for all of your knowledge.
you guys are awesome helping this poor old lady and safe her and her husband's lifes,I can feel that pain and experience it what you guys are doing,so increditable....
This call was worth more than a training. Pace's ability to listen and answer appropriately was terrific. Can you please elaborate on why you didn't entertain renting the place back to her? What have you valued this property for to still make it a deal with 71K(past due) +233K (mortgage balance )+ repair costs?
Glad you took some value from this! Real estate is the long game, so as time goes on and rent goes up, I will continue to cash flow and balances will be paid off
This was great!! She needed you to give her hope and you did!! (You need to mute her email address I would make my gma change hers if it were broadcast. Luckily most of the people that follow you have a good heart and mind. with exception of TJ I see trolling on some of the video chats.)
Thanks much for sharing this, very informative in what to say and how to be kind and caring to people who are in thee situations. Excellent appreciate this one.
Holy moly! You guys are unbelievable. I am so glad for TH-cam, if i hadn't browse through it one early morning a couple weeks ago? I would have miss out on a legit ethicle Real guru! (PACE & COMMUNITY) Pace you are really a genuine type of person. You're the 1st person that gives real live examples for all of us that you don't even know. AWESOME AWESOME and RIGHT ON! Alot of Add pop ups are always trying to sign up people 1st, before giving any real value. Never thought that there is still good people out there that gives and really don't expect anything in return. Your heart is very very rare!!! (SERIOUSLY RARE). I can honestly say that i have learned more from you and for free, then all the courses i bought over a 10 to i think 15 year span. Unbelievable. I am sure im (not speaking for only my self), but for others too. YOU are the best thing TH-cam and Facebook ever advertised! THANK GOD!!! fyi, can't wait for my strategy call coming up in a few days from now. ALOHA, Frank....
This was a great video and really genuine. I would have liked to know a little bit more about the numbers on the house though like what you think it rents for and how you knew while on the phone that It was a deal worth while.
I had a similar house I found like this and in trying to work with the mortgage company on it they would only renegotiate the interest and create a new payment at current rates. It didn’t work to keep the original payment and interest. Had to let it go to auction.
That’s awesome that you were able to help that couple with their home! I would have preferred not to hear her name and the city she lives in and her email address on the video, tho. Seems like too much giving away private info.
Thanks for the video! It really did feel like helping. I am curious what the numbers were, how much of a bailout vs cash flow. That 71k in arrears seemed pretty huge! Side note-- don't love that we doxxed her email for every yahoo on the internet. 😅
Hello Pace! Enjoying the content...Hey, what about HOA's? Do you even deal with them? Learning all the different stuff that can actually be done with a piece of property has been amazing. Thanks!
Quick question, what would be the process of paying off the $71k? Im assuming from a lender of some sort, but if so then how would we pay off the $71k ? Would that be part of and on top of the monthly payment of $1,518.62? Trying to fully understand
I believe he pays the 71k as a sort of down payment to pay off her delinquency, then just takes over the remaining mortgage. Sounds like a good location, I wonder if he turned into an airbnb or flipped it or what.
So I heard that she would have preferred to rent back the property as the rent she was currently staying was higher than her mortgage payments. So did she get to stay in the home? Would that be an option?
Where does the creative financing takes place when you said $0 down ? I'm kind of loss when you said you paid $70k to bring her up to date with payments !!!
Private lender to get the loan to catch up on payments take over the house “sub to” Sub to= subject to their existing loan get deed transferred to your name yet leave mortgage in their name. Use a company that can pay their mortgage through your llc and pays the loan directly. Do not give that money to seller Owner leaves house- turn it into a rental/aka air bnb and collect rental income. Ignore the idea of equity. “Equity comes from tenants paying off balance”~ Pace Moby Go after cash flow per month, Why would someone do this? They have no other options unless they are going to be foreclosed on they can’t get rid of the house, they don’t want to go down the road of bankruptcy because that can ruin their credit forever, think of yourself as a doctor-and you’re taking away their pain. Hope that helps
When they say money doesn’t make you happy just think how happy that woman is knowing all her problems have been taken away by someone that has money. What’s her other option. Go into foreclosure let the banks make money and then have this on her record and stress for more years to come.
I have a potential deal that I'm working on and wanted your opinion on whether it could be a seller financing deal or just a wholesale deal: Owner owes $120,000 Home in pre-foreclosure Behind $18,000 Home appraisal $175,000 ARV $216,752.64 Buyer price $140,000 Auction date 11/30/22 Repairs: none according to owner
At least Robin asked if there's anything else they can do to help her, so it didn't seem like they were purely trying to extract value from her... I'm way too human to not ask stuff like that...
How do you present it at the very beginning of the call that your calling them to see if they want to sell because there in foreclosure? Obviously it can really help them and the situation, but i've had quite a few people already mad before I even get the the point of asking if they're interested in selling lol.
Hey Pace, I have a potential pre-foreclosure seller finance deal. If I don't have the funds to catch up their mortgage payment I need to "JV" with cash buyer?
Yo Pace I been just eating up info from you Cody and Jeremy and I’m just hyped man I’m joining subto I literally can’t wait for my first dealS ...and I mean with a S I’m not hungry I freaking STARVING for my first dealS let’s GO
Hey J! Amazing. My mentorship is sold out but we opened a few spots up in some cities. Check if there's a slot available in yours. go.subto.com/pace-yt
How is a homeowner able to remain in a house for years without making a payment? I thought the max was 360 days (180 day initial forbearance period plus an additional 180 days if requested). Clearly, I am wrong.
So I just want to understand. Sub 2 means you take over payments but not deed and title? How do you build her credit if you infact now own the home. Are the the deed and the loan seperate
I would ask her where in Kentucky that she wants to move to and then see if you can get something that you can get her in as a rent to own. I would try to help her. You can invest in a property and get someone to rent it or rent to own.
@@PaceMorby Hi Pace, I'm your student and learning how you get deals like this. My question is, Why are we calling this particular deal creative financing that benefits the investment side? You saved that low-income family - ok, but payment of $70k as a downpayment or payment mortgage debt off immediately turning a great creative financing deal into a regular sale/buy. And it doesn't matter where will you get those $70k because you could open a traditional loan in a bank and pay that debt off as well. Or am I wrong?
![SAFEPLANET - ดาวเคราะห์ [ THE PLANET ]](http://i.ytimg.com/vi/4X1XL3I_k3c/mqdefault.jpg)
I can feel the pain in this poor woman's voice. This is what real investors do is create win win scenarios. Great job Pace
Thank you brotha!
Almost teared up a lil 😅 ive sold final expense life insurance and ive gotten a lot stories . Remember gratitude !!
Thank Pace fir another great lesson!!!😢
The question is, where do you get that money that the owner owed? Cash ir hard money loan?
Man, thanks for helping this women. This broke my heart, my mom is dealing with the same thing as far as my dad's health. May be the first time I ever got teary eyed watching a Pace Morby video lol.
That poor lady. Amazing how we can help people out. Now she can go on with her life. Great educational call
Thanks Benny!
@@PaceMorby aaa
This is what I want to do - is help people just like this! It's an amazing feeling! Kudos Pace
It really does feel amazing!
I really felt this sweet lady's pain. Pace you are so calm, and patient...asking the foundation questions, and creating a WIN, WIN, WIN, especially relieving her from stress, and financial hardship.
This brings me to tears. She’s trusted him and he’s leaving her with all this pain. So sorry for to her. 🥺😔😞😓😟🙁
This is a very motivating case. Me and my wife start calling today. All the information thats come from your videos and content we are very grateful for you sharing these life calls with everyone.
Lionel. That's great and happy to know this video helped you and you're wife!
update?
I was in a situation once with my home that I built and ended up partnering with an investor that did a novation with me, that led to my Real Estate journey and Pace Morby and I couldn't be more thankful.
Great call. Interested to see the breakdown of upfront repairs to get rent ready and make up the $70k.
Robyn did great as well and was so gentle with her. 💛
Pace you and your team are so wonderful and helpful and caring for people that need help I love you guys and thank you for all that you do and I truly hope in the near future I can be a part of your community and learn your teachings and be able to help others as well thank you again and God bless
Hey Anthony! Thank you for your kind words. We're ready for you, be a part of our community of over 50,000+ investors on the free Facebook group! shor.by/Si74 Join now and make a post bro!
This is the reason I signed up for paces course he doesn't just talk the talk, he walks the walk great job well done sir 👏, real talk!!
I love you guy’s because she truly needed help. That’s what wholesaling and investor should be doing because you will have so many clients helping people that believe there’s no way out that’s great
God bless that lady she is really going through it...I feel really bad for. Just a reminder father time catches us all.
This was very valuable and taught me that the key is to help find people to help and you’ll find deal!!
Marquelle. Glad you found value and learned from this.
About started crying listening to her. Glad you were able to help.
I do what I do because of folks like her. Thanks for watching Chad.
I love how Pace connects with sellers emotionally, it’s inspiring👏
Thank you
Thanks Pace, a story to tell our foreclosure seller leads.
What an incredible call. I can feel the pain in her voice and the relief knowing you’re curing her problem.
Would you at some point be able breakdown the numbers and how you’re making this deal profitable for you? Are you flipping it? Renting it? Airbnb? Etc. Sounds like the property needs work, $2,500 mortgage payments (does that include taxes & insurance?), over $70k up front to catch up the payments, etc. Spill the beans! 😉
Brandon. Thank you. I might talk about this deal on a future Sunday Service episode. Stay tuned!
@@PaceMorby That would be awesome. Thanks Pace!
Just curious if you could direct me to the Sunday service where you touch back about this property. I also have some of the same questions as Brandon. Thank a lot @PaceMorby ! Loving you videos
Yes I Completely agree. I am nearly there so I understand this lady’s position in life my wife and I have been through two sets of parents and then I lost my wife shortly after to Cancer.
That was fantastic, love the way both of you spoke with, making sure she new you were helping her. God bless you
That was so heart warming. That poor lady.
Absolutely love how you showed compassion for this woman and solved her problem!! Excellent call 🙏❤
i sleep eat and breath on the information pace is putting out! I play your videos day and night. you're amazing pace thank you for all of your knowledge.
you guys are awesome helping this poor old lady and safe her and her husband's lifes,I can feel that pain and experience it what you guys are doing,so increditable....
I always feel so bad when I hear the voice of people in foreclosure. It just gives me the feeling people in general deserve so much better in life.
Couldn't have said it better myself
You both were so awesome with this lady
Amazing....luv how authentic your team is... Blessings....🙏🙏
Listen closely to people and they will bond, share and allow for a win win for all parties ❤
Pace, u r great at summarizing and seeing the pain and address it with sensitivity. Ty for sharing
I appreciate that!
Good job Pace, she really needed help. ❤❤❤
Now this is what its all about!! 💯💯💯. She really needed your guy's help
Pace, awesome clip. SUGGESTION: edit out the audio at the end when she gives you her email address…
Jacob. Thanks for your suggestion.
This is awesome Pace! I was about to grow weary, but this video gave me the push to keep going!
Go for it!
I'm going to use that appointment question "Is there a time that doesn't work for you?" Seems like it would throw them off guard.
HEARTBREAKING! I'm so glad you were able to help!! :)
Just what I need....Love this!❤
Great help for this couple.
Thanks Neville!
Wow I feel bad for her. Y’all are real professionals
Man .. this is probably one of the best videos I’ve seen on TH-cam. Great job Pace 💯
Wow Robin. So impressive
Amazed and blessed to be connected
This call was worth more than a training. Pace's ability to listen and answer appropriately was terrific. Can you please elaborate on why you didn't entertain renting the place back to her? What have you valued this property for to still make it a deal with 71K(past due) +233K (mortgage balance )+ repair costs?
Glad you took some value from this! Real estate is the long game, so as time goes on and rent goes up, I will continue to cash flow and balances will be paid off
How does it build her credit if the deed and title is now in your name?
This was great!! She needed you to give her hope and you did!! (You need to mute her email address I would make my gma change hers if it were broadcast. Luckily most of the people that follow you have a good heart and mind. with exception of TJ I see trolling on some of the video chats.)
My Heart!!! You guys are amazing!
Can there not be some money given to her, as a surprise?
Please edit her email out of this
Pace and Robyn are good people.
Thank you! I appreciate that.
We love you Pace😀👍
Pace, I'm in New Orleans. If you need "boots on the ground" in my area don't hesitate. Thanks for all the great content. ✌️
Awesome thank you!
Well that hit me in the feels pace
Thanks much for sharing this, very informative in what to say and how to be kind and caring to people who are in thee situations. Excellent appreciate this one.
THANK YOU
Holy moly! You guys are unbelievable. I am so glad for TH-cam, if i hadn't browse through it one early morning a couple weeks ago? I would have miss out on a legit ethicle Real guru! (PACE & COMMUNITY) Pace you are really a genuine type of person. You're the 1st person that gives real live examples for all of us that you don't even know. AWESOME AWESOME and RIGHT ON! Alot of Add pop ups are always trying to sign up people 1st, before giving any real value. Never thought that there is still good people out there that gives and really don't expect anything in return. Your heart is very very rare!!! (SERIOUSLY RARE). I can honestly say that i have learned more from you and for free, then all the courses i bought over a 10 to i think 15 year span. Unbelievable. I am sure im (not speaking for only my self), but for others too. YOU are the best thing TH-cam and Facebook ever advertised! THANK GOD!!! fyi, can't wait for my strategy call coming up in a few days from now. ALOHA, Frank....
Awesome call .. Hopefully the lady is doing well today..
Great video thank you for sharing with us
You're welcome Carlos!
Heartwrenching! Good Job!!!!
That cowboy hat and shirt actually work for Pace ✌🏻
Johnnie. Thanks man!
PACE = 🐐
Damn, poor old lady. I always wish I could just help these people.
this was so sincere and fantastic
i can tell Pace REALLY desires to help not just get a check
This was a great video and really genuine. I would have liked to know a little bit more about the numbers on the house though like what you think it rents for and how you knew while on the phone that It was a deal worth while.
Zayne. Appreciate your feedback.
I had a similar house I found like this and in trying to work with the mortgage company on it they would only renegotiate the interest and create a new payment at current rates. It didn’t work to keep the original payment and interest. Had to let it go to auction.
did you try any subto strategies that would have worked???
New to your Content this is Awesome, be the change you want to see!!
Thank you for these. 🙏
My pleasure!
That’s awesome that you were able to help that couple with their home!
I would have preferred not to hear her name and the city she lives in and her email address on the video, tho. Seems like too much giving away private info.
Yeah, that email needs to be bleeped out.
In this situation to get the $70k are you using gator Lending to then refi out or putting another lender in second position?
The Hat!!! Love it
Thanks for the video! It really did feel like helping. I am curious what the numbers were, how much of a bailout vs cash flow. That 71k in arrears seemed pretty huge! Side note-- don't love that we doxxed her email for every yahoo on the internet. 😅
That's what I came on to say about her email not being bleeped out. Everything else I sooo appreciate!
Hello Pace! Enjoying the content...Hey, what about HOA's? Do you even deal with them? Learning all the different stuff that can actually be done with a piece of property has been amazing. Thanks!
Thanks Pace for all the GOLD you share! Lets GO
Any time Rudy!
Woooow. Glad pace was able to help her. Who was "scott" she kept referring to? Did i miss that part?
Quick question, what would be the process of paying off the $71k? Im assuming from a lender of some sort, but if so then how would we pay off the $71k ? Would that be part of and on top of the monthly payment of $1,518.62? Trying to fully understand
I believe he pays the 71k as a sort of down payment to pay off her delinquency, then just takes over the remaining mortgage. Sounds like a good location, I wonder if he turned into an airbnb or flipped it or what.
I'm gonna join sub 2 just for that hat..and to help as many people as I can
Hey German! Hope to see you inside the mentorship helping out other people bro.
Man i need that hat !
So I heard that she would have preferred to rent back the property as the rent she was currently staying was higher than her mortgage payments. So did she get to stay in the home? Would that be an option?
He never answered her so I doubt it. But also, what about the equity she has in the house? She should have gotten something from that.
Good point. What did they say was the amount of equity remaining after payments caught up?@@conniesantana4854
This was Amazing 👏
How did you resolved the foreclosure in time? Thanks
Great learning experience
Love the straw cowboy hat!
Frank. Thanks bro!
What if you don’t have the 70k to catch up ? What can you do to still get the deal. Please need help
Private money lender
Where does the creative financing takes place when you said $0 down ? I'm kind of loss when you said you paid $70k to bring her up to date with payments !!!
Private lender to get the loan to catch up on payments
take over the house “sub to”
Sub to= subject to their existing loan
get deed transferred to your name yet leave mortgage in their name.
Use a company that can pay their mortgage through your llc and pays the loan directly. Do not give that money to seller
Owner leaves house- turn it into a rental/aka air bnb and collect rental income. Ignore the idea of equity.
“Equity comes from tenants paying off balance”~ Pace Moby
Go after cash flow per month,
Why would someone do this?
They have no other options unless they are going to be foreclosed on they can’t get rid of the house, they don’t want to go down the road of bankruptcy because that can ruin their credit forever, think of yourself as a doctor-and you’re taking away their pain.
Hope that helps
When they say money doesn’t make you happy just think how happy that woman is knowing all her problems have been taken away by someone that has money. What’s her other option. Go into foreclosure let the banks make money and then have this on her record and stress for more years to come.
Great Video!
Love the hat Pace
Thanks Melissa!
May God bless you; Pace is such a blessing to see your obedience in your ministry.
You're a light to those of us that are part of the SubTo community
-_-
Maritza. Thank you. 🙏 I appreciate you so much.
Ok, Pistol Pace. 😁✌🏽
I have a potential deal that I'm working on and wanted your opinion on whether it could be a seller financing deal or just a wholesale deal:
Owner owes $120,000
Home in pre-foreclosure
Behind $18,000
Home appraisal $175,000
ARV $216,752.64
Buyer price $140,000
Auction date 11/30/22
Repairs: none according to owner
Hello what state is this property
At least Robin asked if there's anything else they can do to help her, so it didn't seem like they were purely trying to extract value from her... I'm way too human to not ask stuff like that...
Dam good job on this video
I would love to learn how to do this ..I dream all the time about houses owning a bigger one and making money off investment properties
How do you present it at the very beginning of the call that your calling them to see if they want to sell because there in foreclosure? Obviously it can really help them and the situation, but i've had quite a few people already mad before I even get the the point of asking if they're interested in selling lol.
Hey Pace, I have a potential pre-foreclosure seller finance deal. If I don't have the funds to catch up their mortgage payment I need to "JV" with cash buyer?
Yo Pace I been just eating up info from you Cody and Jeremy and I’m just hyped man I’m joining subto I literally can’t wait for my first dealS ...and I mean with a S I’m not hungry I freaking STARVING for my first dealS let’s GO
Hey J! Amazing. My mentorship is sold out but we opened a few spots up in some cities. Check if there's a slot available in yours. go.subto.com/pace-yt
How is a homeowner able to remain in a house for years without making a payment? I thought the max was 360 days (180 day initial forbearance period plus an additional 180 days if requested). Clearly, I am wrong.
Hey pace I have a close to similar deal. Could you give me any kind of guidance?
So I just want to understand. Sub 2 means you take over payments but not deed and title?
How do you build her credit if you infact now own the home.
Are the the deed and the loan seperate
Deed and Loan are separate. I take the deed.
How would you have gone about this deal if you had 0 dollars to put into the deal?
I would ask her where in Kentucky that she wants to move to and then see if you can get something that you can get her in as a rent to own.
I would try to help her.
You can invest in a property and get someone to rent it or rent to own.
Really good video
And where will you get 70k? Is it not the same idea as if you'd paid 70k as a downpayment?
Hey DVM! Check out this video where I explain how I fund deals like this. th-cam.com/video/-X-Zk-zHkWI/w-d-xo.html
@@PaceMorby Hi Pace, I'm your student and learning how you get deals like this. My question is, Why are we calling this particular deal creative financing that benefits the investment side? You saved that low-income family - ok, but payment of $70k as a downpayment or payment mortgage debt off immediately turning a great creative financing deal into a regular sale/buy. And it doesn't matter where will you get those $70k because you could open a traditional loan in a bank and pay that debt off as well. Or am I wrong?
I have a friend that her home is about to be foreclosed. Can you help her? Is there an email she can reach you on?
I’m just curious on what the ARV of this home was