Get Creative with Pace Morby
Discover the insider secrets of real estate investing and unlock your path to financial freedom with the Get Creative Podcast with Pace Morby. Join Pace and industry experts as they share invaluable tips, creative finance strategies, and success stories to help you thrive in the competitive world of real estate investing. Whether you’re a seasoned investor or just starting out, our podcast provides actionable insights to accelerate your journey towards wealth and independence. Tune in now and start building your empire today! New episodes every week, be sure to SUBSCRIBE!
Episodes
20 hours ago
20 hours ago
Welcome to a new episode of Get Creative! Today, Molly sits with Rocio Pineda and Daniella Devine to discuss their challenging yet successful real estate deal in Alamogordo, New Mexico. They share their firsthand experiences of navigating complex transactions, overcoming multiple obstacles, and the importance of community and persistence. From dealing with unique state regulations to leveraging the power of mentorship, this episode is filled with insights and lessons for both new and experienced investors.
Highlights:
"We’re not just doing deals; we’re solving real problems, turning challenges into opportunities."
"Every transaction is different, and there's always something new to learn."
"Helping people and building trust is the true reward; the financial gain is just a cherry on top."
Timestamps:
00:00 - Meet Rocio & Daniella
00:50 - The New Mexico Challenge
01:45 - The Deal Begins
03:17 - JV Partnership
05:18 - Overcoming FHA Hurdles
07:22 - Finding a Solution
09:55 - The Role of Attorneys
12:03 - The Rewarding Outcome
15:11 - Joining the Communities
17:46 - Continuous Learning
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2 days ago
2 days ago
Welcome to a new episode of Get Creative. Ready to take action in real estate but worried about making mistakes? Adrian Miller and Urania Smith share their inspiring (and sometimes hilarious) experiences on the path to creative real estate success. You'll hear Adrian's story of taking a bold move without informing Urania, and Urania's journey through analysis paralysis. Together, they unpack the importance of action, learning from mistakes, and overcoming the fear of asking forgiveness. Adrian and Urania discuss targeting specific areas, wholesaling deals, structuring deals without a dime, and leveraging the power of networking. They'll also emphasize the importance of community and collaboration, all while keeping the ultimate goal in mind: helping families find their dream homes.
Highlights::
"I believe in it. I have been studying real estate for 20 years, and it was analysis paralysis that kept me back until now."
"Let's just take some action and then we'll pay for whatever you want to join later."
"We're not just doing deals; we're solving real problems, turning challenges into opportunities."
Timestamps:
00:00 - Meet Adrian & Urania
00:47 - Joining the Community
01:29 - Diving into Real Estate
03:32 - First Chicago Deal
06:23 - Investment Strategies
08:13 - Refinancing Plans
09:15 - Creative Deal Structuring
14:01 - Year One Achievements
17:46 - Community Impact
26:32 - Teaching and Influence
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3 days ago
3 days ago
Welcome to a new episode of Get Creative. In this episode, we’ll go through the world of business transformations. I'm joined by Cody Barton, an expert in acquiring and turning around struggling businesses for massive profits. We unpack the secrets to real estate success, share insider tips on creative financing, and discuss the important role of leadership and culture in reviving business operations.
Highlights:
"If you can understand the financials and the money aspect of the business, managing the money, where it goes, how to track it, you have a 99% edge over everybody else."
"The difference between businesses that succeed and those that don't often comes down to leadership—removing the wrong people and empowering the right ones."
"We're not just buying businesses; we're solving real problems, turning pain into profit, and transforming challenges into opportunities."
Timestamps:
00:42 - Creative Financing in Real Estate
04:09 - A Successful Property Turnaround
06:27 - Failing Business into a Profitable Venture
09:01 - Challenges in Businesses and Acquisition Opportunities
12:44 - Exploring Business Acquisition Platforms
19:00 - Financial Mismanagement in Business Purchases
24:21 - Effective Delegation on Business Scaling
33:28 - Introduction toScale with Pros Platform
51:36 - Scaling New Heights in Business
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4 days ago
4 days ago
Welcome to a new episode of Get Creative. In this episode, we dive into Keleisha Carter's journey through the world of real estate. Discover how Keleisha transitioned from quitting her job to nailing down creative financing strategies. This episode is filled with practical insights and real-life strategies that can help any aspiring real estate investor make the most out of their opportunities. Tune in to learn, get inspired, and discover how you can also use the power of creative financing in your real estate ventures.
Highlights:
“Whatever you do, give it 90 days and screw everyone who's talking about your accent, that is what's going to make you very unique."
"I realized I still don't want to do it. I hate cold calling. But you gave it the 90 days so you could truly understand what it was."
"I'm just going to do it differently now. I've got these checklists and these SOPs, and I'm just going to do things differently when I approach the next deal."
Timestamps 00:00 - Meet Keleisha and Her First Deal02:42 - A Catalyst Momen05:00 - First Big Deal06:18 - Community Power07:24 - Learning from Mistakes10:00 - Strategic Shifts12:13 - A Creative Solution15:00 - Underwriting Insights17:40 - Sustaining Commitments20:00 - Educating Agents
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5 days ago
5 days ago
Welcome to a new episode of Get Creative. In this episode, Molly chats with Jacob Tapia, a fireman transitioning to a full-time real estate investor in Albuquerque, New Mexico. Jacob shares his experiences and lessons learned from a challenging real estate deal that almost went south. With a mix of humor and sincerity, Jacob shows how community support and smart advice helped him turn a tricky situation into a learning opportunity. Join us in this talk mixing real estate wisdom with personal growth stories.
Highlights:
"Once you get your first deal done, it's going to help out... It's proof of concept."
"It was nice to have the mentors come in and be like, 'That's not how you should go about it.' So I had to go eat crow."
"By being capitalists, we get to actually help people and stand in the gap where normal banks wouldn't."
Timestamps:
00:00 - Introducing Jacob Tapia
01:36 - Jacob's Transition from Fireman to Real Estate
04:19 - Valuable Mentorship and Rejecting a Bad Deal
06:48 - Lessons from the Deal: Listen to Your Wife!
09:16 - Resolving the Deal and Helping a Family
12:01 - Promotional Segment for Sub Two Students
14:47 - The Impact of Community and Investor Ethics
18:37 - Jacob Shares Advice for New Investors
23:59 - Learning from Mistakes with Title Companies
25:47 - Jacob's Goals and Future in Real Estate
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6 days ago
6 days ago
Welcome to a new episode of Get Creative. I joined Veena Jetti on her podcast Clever Investor Show where we share their expert insights on multifamily properties and creative financing. Join us for actionable tips and deep dives into the complexities of the real estate market. Get ready to learn strategies that could revolutionize your approach to real estate investing!
Highlights:
"In real estate, you never have a money problem, you only have a creativity problem."
"Every dollar of additional bottom line income is a $20 addition in the value of the asset at a 5% cap rate.”
"Build wealth at warp speed right now. This is the moment to go as fast and aggressively as you can. There’s so much uncertainty and change coming."
Timestamps:
00:02 - Introduction: Veena and Pace Join the Show
01:05 - Real Estate Strategies
02:15 - The Key to Real Estate Success
03:11 - Multifamily Market Dynamics
05:11 - What Is 'Normal' in Real Estate?
06:19 - The Shift in Real Estate Strategy
10:03 - Fast Property Turnaround: A Success Story
16:17 - Debating Debt Quality in Multifamily vs. Single Family
22:29 - The Importance of Community in Real Estate
41:15 - Future of AI in Real Estate
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7 days ago
7 days ago
Welcome to a new episode of Get Creative. In this episode, I joined Jamil Damji on The Clever Investor Show. We dive into our journeys through real estate, from thrilling success to challenging lessons learned along the way. Join us and learn more about making 7-figures in the real estate world and get a good dose of inspiration to fuel your path to success.
Highlights:
"I’m over 5000 [deals]... But it pales in comparison to the relationships that I’ve made in doing that volume of transactions."
"Every single time you do a deal, you're learning. You're failing forward, you're understanding what to do next time."
"For every new level there's a new devil. And I think that every one of those opportunities that is given to you, while you don't see it in the time, is a blessing for a learning moment."
Timestamps:
00:22 - Introduction to Pace Morby and Jamil Damji
04:59 - The Significance of Relationships in Business
17:04 - Explaining the 'SubTo' Real Estate Strategy
22:39 - First Steps in Wholesaling
32:04 - Building and Sustaining Professional Relationships
39:03 - Real Stories of Partnership and Trust
45:06 - The Power of Reciprocity in Busines
50:18 - Evolution of Entrepreneurial Mindset
01:02:37 - Mentorship: Its Impact and NecessityJoin Our Free Facebook Group: https://paceapproves.com/fbg-pod
Friday May 10, 2024
Navigating Complex Deals with Kelly Humbarger
Friday May 10, 2024
Friday May 10, 2024
Welcome to a new episode of Get Creative. In today’s episode, we sit down with Kelly Humbarger, an expert in handling intricate real estate transactions. Kelly shares her journey from being an intern to managing challenging deals. She talked in detail about a particular case that involved mortgage forbearance, multiple liens, and creative financing. Join as she shares the nuts and bolts of real estate transactions and how to navigate through unexpected challenges with poise and expertise.
Highlights:
"Human beings are human beings; six months goes by in a blip. And then before you know it, you're at that $2600 month payment and you can't make it."
"You're really good at figuring stuff out. I feel like you have a really good like even if you're uncomfortable, you give off like, 'Okay, I'm telling you I'm uncomfortable but I'm fully prepared to handle it.'"
"There's never not one transaction I've ever done that has ever been the same. And there's always something to learn from each of them."
Timestamps:
00:00 - Introduction to Kelly Humbarger
01:26 - Origin of a Complex Deal
04:25 - Kelly's Transition from Intern to TC
06:19 - Challenges of Multiple Liens and Forbearance
09:31 - Navigating Forbearance and Lien Challenges
12:05 - The Urgency and Reality of Closing Periods
16:26 - Setting Up Servicing Before Closing
19:06 - Document Handling and Servicing Setup
23:32 - Financial Arrangements and Investor Relationships
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Thursday May 09, 2024
Making Dreams Come True: The Milinazzo's Real Estate Journey
Thursday May 09, 2024
Thursday May 09, 2024
Welcome to a new episode of Get Creative. Today, we’re diving into the real estate journey of Angie and Dom Milinazzo. Forget flipping houses, this power couple flips the script on real estate! Join them as they tackle tough deals, turning hurdles into triumphs and leaving a positive mark on everything they touch. Their journey isn't just about bricks and mortar; it's about forging a stronger community and making a real difference in people's lives.
Highlights:
"It really changed us, and then, you know, drinking through a firehose everything that we've learned... we didn't have a dinner, a birthday party, nothing without a zoom."
"Some of the people cry, they cry because they're so happy that they got a house... we really are making dreams come true."
"I talk to a SubTo student probably once a two or three of them a day, different ones asking for help."
Timestamps:
00:00 - Introduction to the Milinazzos
00:38 - The Deal in Colorado Springs
01:06 - Unexpected Opportunity
02:17 - Challenges with Communication
03:06 - Helping Two Families
07:14 - Becoming Real Estate Agents
10:02 - Joining a Mastermind
15:22 - Building Relationships
23:07 - Community Outreach
26:12 - Reflecting on the Journey
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Wednesday May 08, 2024
Mastering the Art of Real Estate Deals and Negotiations
Wednesday May 08, 2024
Wednesday May 08, 2024
Welcome to a new episode of Get Creative. In this episode, I joined the Carrot Cast Podcast with Trevor Mauch and Brady Winder as we delve into the world of real estate negotiations. I share my innovative approaches and 'Pacisms,' to reveal how combining creativity, empathy, and strategy can transform your real estate dealings. Give this episode a listen to learn some actionable insights to help you enhance your negotiation skills and connect genuinely with sellers.
Highlights:
"Buyers are liars, sellers are worse. And if you give them permission to lie in the first couple of minutes, they will."
"You ain't that good. So you're probably not going to win organically especially in a post follower world when this whole game is no longer about build followers.”
"It's not about being the first one to speak, it's about making sure when you do, it adds value to the conversation. It's about turning transactions into relationships."
Timestamps:
03:30 - Building Rapport
10:00 - Creative Negotiation
15:00 - The Seller’s Perspective
20:00 - Practical Negotiation Tips
25:00 - Real-life Negotiation Example
30:00 - The Importance of Empathy
35:00 - Overcoming Common Hurdles
40:00 - Future of Real Estate Negotiations
45:00 - Q&A Session
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