#investing #money #motivation
Creative Investing in Real Estate with Pace Morby & Grant Cardone –
On today's episode of Power Players, I have with me @PaceMorby Me and my wife have been following this guy for years. Today we will be talking about some really interesting ways on how to make money in real estate. This guy blew my mind and showed me some stuff I didn't think was possible.
Be sure to follow my friend @PaceMorby
Be Great
~ GC
Pace knows what he is talking about. This was more entertaining than any Super Bowl.
Absolutely!
🔥💯
I’m a subto student in the DMV if anyone needs help or wants to squad up reach out. This community is a given community
He sure does.
@@erickcamargo 🥳💯🔥
Thank you Grant for having me come on! If anyone needs help in their specific market… look down in the comments… you should be able to find some of my SubTo Community members ready to help you where ever you are in the USA.
Thank you Pace for creating best community in world and teaching us how to change our lives!!! Greatest mentor of all time!! 🔥✌
@@andrewbrooksREI YESSSSSSS SIRRRRR
@@PaceMorby Thank you for everything you do. You are an amazing person. Lots of great value shared on this episode.✌️
Pace you rocked it man!! I’m so proud to be a leader in the great subto community!!
@PaceMorby I joined this community because of YOU and your honesty and guidance and support! There is no other place like it on the planet to learn from🥰! For anyone here, I am a Subto student and can help you with your journey. Reach out I am in the following markets: Illinois Texas Arizona Georgia let’s work together!!
I’m an agent in Chicago ,IL and this is the most valuable interview I ever seen
Love those both legend sharks
If you had the opportunity to break free and gain financial freedom, more than you ever imagined, would you take it?
This is amazing information
@@muncefiji My channel description has more info ℹ️ on how to be part of the amazing opportunity
You best do your due diligence in Illinois, once every 3 years. Structure correctly you can do more. Llc and undercover wyllc
I am in Central Florida crushing these types of deals learning from Pace. I literally purchased a home subject to existing mortgage yesterday with a immediate equity and a 2.75% interest rate. ❤🔥
Let’s Go, Spencer! 2.75 is fantastic!
I still just do not understand why a seller would do this though. What if they have a lot of equity in it?
@@ethanbishop5762 usually sellers have some type of underlying motivation that they need to sell. Distressed property, foreclosure, financial hardship, medical ect ect. If there is equity they typically can capture it if structured correctly and depending on condition of property.
@@ethanbishop5762 Most of the time we talk about people who can’t pay their mortgage, there is danger from foreclosure. They will lose the house and may still have to pay the 30-50% loan amount. If they resell the house price will be like 10% less becose all the brokers fee and seller, if a market is little down the may have to pay from there pocket like couple of thousand dollars to close the mortgage. If that moment someone come to them and say I will take the pay6of your mortgage and give cash is big win for them. Buyer can possibly lock a good interest rate like 3 % on that rate almost evry house become a good deal.
I’m in Orlando, Fl working with Pre-Foreclosure primarily utilizing Owner Financing to structure amazing deals
You can bet if you heard it from Pace it’s true! He’s one of my mentors and I’m so happy and proud to say he’s also my friend. Loved this interview SO much!
Have you checked witj a cpa? Can you claim depreciation on subto deals?
This is absolutely fascinating that a billionaire like Grant Cardone did not know how subject to works or how installment sales are taxed. Wow! With all the high priced attorneys and tax professionals he has on his team, nobody has added that to his tool belt until a conversation with Pace Morby 🤯.
Exactly, it just tells you that we should never stop learning.
Yeah shocked me also..but loved that he is not too proud to learn or say he doesn’t know.
Bombs droped
@brad lea
IT IS UNBELIEVABLE THAT HE DOESN’T KNOW THIS!!
I feel so blessed to be learning from the amazing Pace Morby. New life for me. Becoming part of the Subto community was one of the best decisions I have made in my life!!
I’ve been following Grant for years. I discovered Pace a couple of months ago. I would love to see more of you two powerhouses together!
Sub 2 student here from New Orleans👋🏼 been wholesaling full time for 7 years and just closed my first sub 2 👍
Probably one of the most valuable podcasts I’ve listened to, Pace is taking over it’s insane
Pace is a genius Its so exciting to see how excited grant gets to learn… its so amazing .
Props to Grant for being open to admit when you don’t fully understand something. Having Pace walk you clearly through it help us learn easier, it is a super unique strategy that I have personally never heard of. Props to Pace too for being so open to share it in detail 🎈
Agreed. He is noble and humble.
I’m ok
@christinemcdannell9605 what was the timestamp on the deed vs title thing?
Pace Morby, blowing the minds of billionaires everywhere😂😂🤯 love ya , @Pace!!
Grant Cardone never stops learning! This was fantastic!
I love Grant Cardone and have followed him for years, but PACE MORBY is PURE FIRE!!! Pace is THEE FINAL AUTHORITY on real estate deals. Period.
I am glad he is nailing it, however, this model highly depends on the cash flow. Imagine if a property not making enough money, he got to sell it. Before selling any wise buyer would want the property/ deed/ title/ debt to be all clear. Sitting on a loss making property is gona hurt 3 parties – him, the debt holder and then the bank. He might still get away as long as he keeps putting less or no cash down. Although every business is about selling crap to willing buyers, as long as he is making money… hell he is right!!
“There’s something I’ve been assuming that’s been wrong for 35 years”. Man that resonated with me as well on many levels. You never stop learning. Great interview!
Great stuff Mr Grand Cordone! Let’s do this in SEATTLE WA and all over the NW!!!
7 months later and I get at least 1 DM a day saying “thank you for this info”. I just want to pop in here and tell Grant how much he’s helped me over the years. Im so grateful for our friendship and love Jarrod and the team so much too. Thank you Grant!
Just watched this as a bonus to your book “ wealth without cash “ and just WOW!!! I am at a loss for words and I CANNOT WAIT to get started with these strategies this year. Thank you Pace, you are literally giving away GOLD… but only to the people who are ready to take advantage 🙌🙏
So many gems dropped in this🔥🔥🔥💎💎…wow. Which IRS publication or section are you referring to? I would like to read that.
Hey man, do you have the YouTube video posted that you brought up at the very end of this video? The one that you send to sellers that specifically explains how the SubTo or Seller Financing approach works with all of your people in it explaining the details on it?
Can this be done in the uk
Hi Pace, I am still learning this stuff and I know need to research much more but but one of my main concern is how to beat the Due On Sale Clause. How can I keep the ownership transfer 100% hidden and in the even of triggering the clause what should I do other than refinancing and get hit at 6.5% or worse transfer back to seller. To be honest, this is the only thing that worries me other that I know there are many ways to handle another situations.
One of the best Real estate investing videos I’ve watched. I’m a realtor/Associate broker specializing in Utah Foreclosures and Foreclosures are on the increase in a phenomenal way. Homeowners need help and subto is a real option. I think for a lot of people this information goes right over their head. You have to know how all the wheels turn. This conversation was riveting. Thank you!