How to KILL All Real Estate Competition | Live Seller Call
ฝัง
- เผยแพร่เมื่อ 4 ก.ค. 2024
- In the first part of this new series, Pace Morby emphasizes a crucial lesson in real estate investing: time kills all deals, but creative finance saves all deals. Pace gets on the phone LIVE with a seller wanting to save her failing Airbnb! This video delves into the importance of acting quickly, yet cautiously in the fast-paced world of creative finance real estate investing.
Pace outlines the various ways he acquires deals, whether through the SubTo community, his acquisition department focused on larger multifamily properties, or his SubTo Fund asset manager. This topic is how the reasons behind the seller calling him begins. The seller is someone who got his number through TH-cam.
Pace gets the seller on the phone. She wants to sell her house to Pace. Despite her initial interest, Pace realized he wasn’t the right fit for her situation. He explains why sellers usually choose him, focusing on the buyer's market and expired listings. He breaks down "subject to" deals, showing how he can make payments without high-interest bank loans.
Pace’s main business model involves stepping in after agents fail to sell a house. As he is not an agent, if a seller wants a high price, they usually prefer to sell to a family rather than an investor. Pace broke down the concept of "subject to" in simple terms, showing how he can make payments to the seller without resorting to a bank loan and its high interest rates.
They discussed how traditional selling often incurs high costs for sellers. With Pace’s approach, sellers get the number they want while giving him terms, meaning the ability to make payments over time. There’s no limit to what creative finance can do-deals can be structured in various ways. The seller inquired about getting more money through creative finance, and Pace walked her through different hypothetical scenarios and timelines for cash flowing the property.
They also talked about why Airbnb isn’t ideal in Phoenix due to market volatility and hot summers. Pace introduced her to PadSplit and explained how it works. They discussed the value of the SubTo community and its frequent meetups. When Pace asked why she didn’t want to list with an agent, she revealed more about her financial struggles. He explained how creative finance could benefit her future loan prospects and explored the possibility of a partnership so she could stay in on the cash flow.
The next video will feature Pace going on an appointment with her and recording the entire experience. Don't miss it! Like, subscribe, and join the journey to beating all competition in real estate.
► KILL ALL AIRBNB COMPETITION WITH PADSPLIT:
splityourpad.com/
► Join The Subto Community & Learn Creative Finance Directly from Pace: ✌🏼
joinpacescommunity.com/
► Learn How to Make Money on Other People's Deals - LIVE Training this Saturday:
joingatortribe.com/yt
► Join Our Free Facebook Group to Connect with Pace and his Students:
paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
jointoptiercommunity.com/
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
getcreativepodcast.com/
🔌 PLUG IN & SUBSCRIBE 🔌
Instagram: / pacemorby
TikTok: / pacemorby
Chapters:
0:00 - Intro
1:05 - Ways I Buy Deals
2:18 - On the Phone With Seller
3:59 - Numbers on the House
4:38 - What’s Going to Happen With an Agent
6:11 - Selling to an Investor
7:17 - Selling With an Agent
8:13 - Selling With Pace
8:59 - Why Not List With an Agent?
9:29 - The Truth Comes Out
10:28 - Real Estate Agents Only Know One Option
11:51 - Traditional Real Estate SUCKS
13:37 - Partnering With Seller on the House
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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.
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What do you think she will do? Sound off in the comments!
She will work with you. You did a tremendous job explaining things.
Thank you!
She absolutely will be working with you. I know I would!
I think she’ll take your help and partner
Fingers crossed!
Solve the seller's problems, and get paid. Win-win. Wish part 2 was out already so I could see Sherilyn accept the offer ☺
Pt 2 next week!
Master class in phone calls and negotiating
This was a master class in sales
I 🩷 how he’s so calm, so experienced when she tells him she’s behind on payments ❗️he just raises his eyebrows 🤣. I would have been jumping and fist pumping ‼️😹🤑
Pace is brilliant! What a professional
learned so much from you
That Golf bag Analogy is 🔥❤
The thumbnail is crazy 😂 Pace is preparing for his UFC debut
Sounds like padsplit is a good way to go. Just shows Pace's heart... You could easily buy this place from her, take over her payments, and walk away with all the cashflow - while rebuilding her credit. Instead you're sharing the profit, even after your expenses to catch it up. That's nothing but love. Or am I missing a hidden financial benefit to sharing the cashflow? You, sir, are a gentleman ✌
Awesome call Pace
Great interview Pace. As always great job. Thank you for all that you do.
If you’re going to partner with her what would ask for in return? Principal only payments on her equity? A lower down payment?
That was so good!!! Partner is what I would do!!!
Nailed it
Wow!! That’s Good!!! Very Good!! That’s why i keep my studies up!! But I really want to be a Gator!! Great Video Pace!! Your Definitely a Boss!!!
Gator is a GREAT starting point bro, go for it!
Why does Airbnb suck? I'm getting mixed signals on this. I have multiple people saying the right STR can 2x or 3x what a LTR can do. So why is is bad?
In any given market is great for Airbnb as long as the demand can keep up with the supply. Once there are more Airbnbs than there is people that need to book. When that happens you have to work extra hard on standing out versus just having a home.
Not to mention the restrictions that many states are implementing, making it much tougher to do. Success is no longer guaranteed - It's VERY locale specific.
Restrictions aren’t always a bad thing. It helps operators to provide a service to a new type of audience. In Davis, CA, coliving via Airbnb has been very profitable. Lake Tahoe, midterm Airbnb has skyrocketed.
All the agents who are mad don't understand that you might not be the agent that he's talking about!
Not every investor is Mr Morby, and not every agent is a super agent. Not every agent is as knowledgeable about things, much the same as there are many investors who only buy cash.
If it offended you, either look at your toolbelt and gather more information, or realize that you might not be one of the people he's talking about.
Lol this is krayzee 💯💯💯
Find the owner info and make a creative financing offer.
Realtors are so financially illiterate; they are a waste of your time and a disservice to owners.
Speak directly with the owner.
🔥🔥🔥
This is Gold
Glad you got some value from it
I think that it could give you a cuting edge if you could see what are you buying with this skills you alredy posess
How do I get in touch with you ?
I don't have time right now but squad up with my students in the free Facebook group paceapproves.com/freefb-ytc
Wish I knew about Pace in 2016. Can I call a do-over?
🤣
We really watching one of the goats bruh.
I got 🥇 place
How is this free? Gems on gems
Mr. Morby isn't an agent, his wife is. Not a bad thing...but let's be clear...
Capping on agents, too...harumph...
It's important to use context clues
I don’t like how you just tried to throw us under the bus there. As agents we definitely do a lot and have a lot of sources to help sellers get the most for their home. Homes are being sold thousands of dollars over their current value and within DAYS of being on the market.
I didn't get my Real Estate License to be a Realtor, I got it so I didn't have to deal with Realtors and had access to all the information I need. Just sold my own fix & flip and saved $11K because I only had to pay the buyer's agent. I know so many Agents and only a few know how to work with investors or are investors themselves. Between flipping, wholesaling and doing Sub2, I've already made 7 figures this year. I have so many Agents ask me how I find these deals, I won't share it with them because I put in the hard work and studied to put all the pieces together. I'm bringing on a new Agent to my team as I expand my wholesaling business because she's 22 and absolutely fearless on the phones. Here I am and here you are also, studying and learning. Not everyone has what it takes to do what we are doing. Keep moving forward!!!
Tiffany I work with agents every week, use context clues when I say not ALL agents are the same