6 Benefits to Buy and Hold Real Estate | Full Subto Breakdown With a Wholesaler
ฝัง
- เผยแพร่เมื่อ 8 ก.ค. 2024
- In today’s video, Pace Morby and his cameraman, Eric Bahlman, break down Eric's first wholesale deal, including where he found it, terms and who he worked with to take it from negotiations to reality.
As the end buyer, Pace explains how he’ll benefit from this deal through cash flow, appreciation, depreciation, loan pay down and leverage. Pace also dives into a possible retirement plan for Eric if he continues adding properties to his portfolio on a yearly basis.
Connect with Eric on Instagram:
/ ericbahlman
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Chapters:
0:00 - Intro
1:32 - Where did Eric find the deal?
2:05 - Depreciation benefits
9:04 - Cash flow
14:36 - Appreciation benefits
22:30 - Retirement plan (gangster strategy)
28:38 - Obligation vs opportunity
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⚠️ #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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎
This was such a privilege to get schooled first hand by Pace!! So awesome to be a part of this community that I get to make money with!
LOve you sister!
Thank you Pace!!! 🙏🏻 You’ve changed my life, I can’t believe I’m becoming a real estate investor 🤯
Boom!
Love the video!!!!! Congratulations 🎉🎉🎉🎉
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Congrats! Thanks for being willing to learn so we could learn with you!
Pace this was incredible, so much free game and ppl still aren’t doing this🤯. Currently going to do a deal with a subto student of yours and I’m going to buy a house this year, God willing!💯Thank you Pace!!🤝🏽
Shoutout to the Homies For catching a bag! Shoutout to Pace for running the game on the Cost Seg Play!! Creative for the Win!!✌🏿
Yesss bro
Pace is adding the most value in the game!
Thank you!!!!
Thanks for the refresher on the value of the long game. Old timer here that very much understands RE but still needs reminders
THANK YOU DAVE!!!
this is unbelievably helpful
Eric is a bad ass!! He’s going to Crush it doing Subto Deals this year!! ✌️💪🏾
Yes he is
SO MUCH value in this deal overview. A new and different perspective! Amazing walkthrough Pace and Eric!
Decamillionaire is the new millionaire of our generation! So true 🙌
Thank you Amy!
Fabulous. As always.
Thanks Pace and community
Way to go Eric!!! 🔥
This is a powerful video. Thanks for putting this out. It's a really great overlook of the whole path.
THANK YOU
This is absolutely amazing!!! I love the breakdown!
Glad you enjoyed!✌🏽
Thank you! I get it.
Excellent presentation
We love to see it Eric!! ✌️
He's killing it
Thanks Pace and community, I am learning a lot
Glad you enjoyed!
really cool Pace ! Thanks ! Spasibo
Thank you! Glad you enjoyed the video
This episode is 🔥. I keep watch it.😮😮😮😮😮
Thank you Erick! ✌🏼
Is that the same Eric I met in Tacoma last year? Freaking Dope LETSSSS GOOOOO
The one and only
🤯 this guyos to good to be real
Anyone here getting deals in NC? Im buying fix and flips in Raleigh/Durham
I am!
Looking for more buyers!
I want to make a community like the Community First Mobile Loaves and Fishes in Austin Texas and this is how I start.
great great great
Just trying to understand. After five years you made 8k Net. What happens when someone doesn't pay rent and by the time evict them you are out 5 months ($16,500). Lets say that happens twice in the 5 year prediction. Thats 33k - 8k profit your down 25k in a five year length. Please correct me if I am wrong. Thank! your content is amazing just maybe havent understood this one.
Amazing video, it would be harder to walk you through the numbers unless Pace held the pen for you. This should be taught in high school!!! If I really want to be picky, your PITI will also increase over the years...This made me want to create an excel file to calculate every deal I make in the future, I know I am overthinking it 😁. You have so many more options when you look at a deal this way!
Pace, your videos are great. I’ve been watching non stop the past few days. But your math is wrong. The depreciation is not based on your purchase price. It’s the value assigned to the structure. Not including land. You need to subtract the assigned land value from purchase price then divide by the 27.5. Love the content though. Big fan of how you break stuff down
correct me if im wrong, the Private Money Lender and Pace made a deal where the PML will get paid off in 12.5 years, considering the $372 monthly payment to the PML?
This part of the equation looks like it was done prior to recording.
At 14:52 where does the 1.05 come in after the 5% appreciation/yr per 100 years. nvm I figured out the 1.05 part
26:26 broke my brain 🧠 yo
Where does passive 16% comes from?
Teach me
When you take the 7 years upfront (accelerated depreciation) that doesn't lower your overall (27.5yr) depreciation savings?
Yes. It takes the first 7 years out.
What was 5) and 6) ? It is blurred.
Pay down and story
I just googled the percentage of Americans that are millionaires and it said 8.8%. I'm mind blown! I would have thought it was less than 1%
Millionaires aren't that cool
Bonus depreciation will be gone in a few years?
It’s coming back!
@@PaceMorby The crystal ball is revealing a few secrets huh?
Be aware that not everyone can use the depreciation to that extend.
PACE, I've got a deal for you. Just met with the seller today - 1.4 acres on a main road in AJ. Multifamily & commercial going up like crazy and this guys sitting on his land - open to seller finance. This property could easily become commercial space or 1000 multifamily units. Where can I message the team? I probably wont list it bc my team is weird and doesnt agree on the comps but has never been to the property so they wont market the listing. I know you'll buy it
Omg! put it on contract and assign it to Pace for a nice hefty fee, lol! What are you waiting for, good luck!
I'd need to get in contact with his team - you know how to do that?@@imeldainterino7747
He only do deals with subto students if you are not a student you can take the deals to subto students they can help you
thats so wack. pay to play instead of helping. sums of the rest of these gurus@@Zuleykamillan
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