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!
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Episodes
Thursday Dec 26, 2024
Thursday Dec 26, 2024
Welcome to a new episode of Get Creative! Your host today is Ingryd Hernandez, and she's joined by Mandy and Keith Konecki, a dynamic real estate investing duo. In this episode, we dive into a unique deal they've undertaken, involving a business attached to a property. We'll explore their creative financing strategies, the challenges they faced, and the lessons they've learned along the way.
Highlights:
"We primarily focus in the Northeast Florida market in Northwest Ohio, but we're becoming more virtual across the country too."
"We wrote up a lease agreement, and it was $5,000 a month that he would pay us, and it was only supposed to be a six month term, and then at the end of the six months, he would pay us $100,000 back."
"We brought in private money. So that's not, we did not bring 400,000 of our own money. That's private money that we partnered on bringing that in."
"We want to make sure we're always protecting our money lenders as well, because those are partners for life."
Timestamps:
0:00 - Introduction to the Podcast and Gator Tribe
2:56 - Keith and Mandy's Background and Market Focus
3:52 - Details of the Unique Deal
15:39 - Challenges and Adjustments in the Deal
17:22 - Lessons Learned and Future Plans
19:23 - Conclusion and Contact Information
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=
► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
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Wednesday Dec 25, 2024
Wednesday Dec 25, 2024
Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of creative finance, specifically the strategy of "wraps," with three leading experts from the Subto community. Pace Morby, Alex Kamenetsky, Virgilio (Helio), and Mitch Pomeroy share their insider insights on how they are leveraging wraps to help homeowners avoid foreclosure and create win-win scenarios for all parties involved. The panelists discuss their unique approaches to networking with real estate agents and loan officers, building efficient systems to handle a high volume of deals, and overcoming industry challenges. They also reveal their plans to further educate and support the Subto community, including a potential foreclosure-focused curriculum and collaborative efforts to dispose of wrap properties.
Highlights:
"YouTube is primarily for showing you what's possible. It's not really getting you in the game."
"Success is a lousy teacher. The learning curve is where you really learn."
"If you're at a therapy session, your shrink asks questions to get you to speak, not tries to give you a solution in the first 30 seconds of the conversation."
"The learning and helping each other out, it always comes back."
Timestamps:
0:00 - Introduction to the Panelists and Community
1:22 - Background and Journey of Mitch Pomeroy
3:30 - Meeting and Collaboration Among Panelists
7:51 - Introduction to Wraps and Panelists' Strategy
11:30 - Challenges and Opportunities in the Current Market
15:09 - Community Engagement and Support
54:44 - Future Plans and Collaboration
52:57 - Conclusion
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=
► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
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Tuesday Dec 24, 2024
Tuesday Dec 24, 2024
Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of creative real estate finance with Pace Morby, a seasoned investor and educator. Pace shares his insights on navigating the challenges of working with buyers and sellers, the importance of understanding creative finance, and the strategies he uses to mitigate the risks associated with the due on sale clause. From the intricacies of sub-two deals to the power of executory contracts, this episode is a must-listen for anyone looking to take their real estate investing to the next level.
Highlights:
"Buyers are liars, sellers are worse."
"I knew the seller right from the get-go was lying to us and trying to shop multiple offers."
"The way to completely annihilate and remove and mitigate, not even mitigate, completely remove the risk of the due on sale clause is you can do what we call an executory contract."
"Welcome to this business. You might have to be teaching agents and the sellers, and ultimately that lead ends up closing with a different buyer."
Timestamps:
0:00 - Buyers and Sellers in Real Estate
1:08 - Understanding Creative Finance
2:08 - Background on the Deal
3:09 - Fund and Investment Structure
4:41 - Challenges with Time Horizon and Fund Model
6:10 - Introduction to the Squad Up Summit
7:39 - Discussion on Due on Sale Clause
8:41 - Two Ways to Handle Due on Sale Clause
12:05 - Insurance and Due on Sale Clause
17:34 - Executory Contract Explanation
25:12 - Advice for Sellers and Buyers
30:52 - Conclusion and Final Thoughts
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=
► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
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Monday Dec 23, 2024
Monday Dec 23, 2024
Welcome to a new episode of Get Creative! In this episode, we are joined by Eric, a member of the sub two community, who shares his insights on wholesaling and the financial benefits of Subto deals. We break down a successful deal, discussing how to maximize profits through strategic investments and tax advantages. Tune in as we explore the nuances of real estate investing and how anyone can start making money in this space.
Highlights:
"It's not about what you make; it's about what you keep."
"When something bad happens on my property, I think about it as putting money into my property rather than giving it to the IRS."
"You might make good cash flow, but if you’re not keeping it, what’s the point?"
"The biggest benefit of these deals is the depreciation for tax purposes."
Timestamps:
00:00 - Introduction to the Episode
01:30 - Overview of Subto Deals
05:15 - Eric's Journey into Real Estate Investing
10:45 - Breakdown of a Successful Subto Deal
15:30 - Understanding Depreciation and Tax Benefits
20:00 - Calculating Cash Flow vs. Tax Savings
25:45 - The Importance of Asset Ownership
30:00 - Analyzing Market Appreciation Rates
35:30 - Loan Pay Down and Its Impact on Wealth
40:00 - Final Thoughts on Investment Strategies► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
http://joingatortribe.com/yt
► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
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Sunday Dec 22, 2024
Sunday Dec 22, 2024
Welcome to a new episode of Get Creative! Today, we're diving deep into the world of creative financing in real estate. In this episode, we explore how to evaluate creative finance deals, using a real-life case study from Maricopa County. We'll cover everything from understanding seller motivations to managing tenant issues and analyzing cash flow. Whether you're a novice or experienced investor, you'll gain valuable insights into making creative financing work for you. Let's dive in!
Highlights:
"Understanding seller motivation is crucial in creative finance."
"If inflation is 7% a year, your capital is deteriorating at that rate."
"Cash flow isn't just about rent; it's about managing overall expenses."
"Creative financing allows you to help sellers while building your portfolio."
Timestamps:
00:00 - Introduction to Creative Finance Terms
00:20 - Call with Armando Padilla
01:00 - Analyzing Monthly Payments
02:00 - Discussing Seller Motivation
03:00 - Evaluating Tenant Issues
04:00 - Understanding Arrears and Legal Fees
05:00 - Negotiating Assignment Fees
06:00 - The Importance of Transaction Coordination
07:00 - Cash Flow Analysis
08:00 - Benefits Beyond Cash Flow
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
http://joingatortribe.com/yt
► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
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TikTok: https://www.tiktok.com/@pacemorby
Saturday Dec 21, 2024
Saturday Dec 21, 2024
Welcome to a new episode of Get Creative! In this episode, we dive into the inspiring journey of a former Ford employee who transitioned into real estate investing. We discuss the challenges faced during the 2008 market crash, including cash flow issues and the importance of creative financing strategies. Tune in as we explore how persistence, education, and adaptability can lead to success in the ever-changing world of real estate.
Highlights:
"Reading over 100 books on real estate investing changed my perspective."
"When the market crashed, I had to reinvent myself entirely."
"You create opportunity; you don't wait for it."
"The lessons learned during tough times are invaluable."
Timestamps:00:00 - Introduction to the Journey
02:15 - Early Career at Ford Motor Company
05:30 - Discovering Real Estate Through Education
08:45 - Transitioning into Real Estate Investing
12:00 - The Impact of the 2008 Market Crash
15:20 - Understanding Cash Flow Challenges
18:10 - The Importance of Creative Financing
21:00 - Lessons Learned from Failure
24:15 - Strategies for Reinventing Yourself
27:30 - Conclusion and Final Thoughts
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
http://joingatortribe.com/yt
► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
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Friday Dec 20, 2024
Friday Dec 20, 2024
Welcome to a new episode of Get Creative! Today, host Ingryd Hernandez sits down with Keith & Mandy Konecki, two active members of the Subto community. The trio explores a unique real estate deal involving creative financing, private lending, and lease options. Keith and Mandy share their journey, insights into structuring deals, and lessons learned from navigating challenges. Whether you’re new to real estate investing or an experienced pro, this episode is packed with actionable advice and inspiration!Highlights:
"Creative financing is about solving problems and creating value for everyone."
"You can’t grow a business if you don’t have the materials to sell."
"Good relationships with lenders and attorneys make creative deals possible."
"Pivoting and keeping communication open is key when things don’t go as planned."Timestamps:
00:00 - Introducing Keith & Mandy Konecki and their focus on creative financing
03:04 - Exploring their real estate market and investment strategies
04:02 - A unique case involving a house and a business
06:33 - How they used a lease option to secure the deal
08:23 - Adjusting the timeline and terms to adapt to challenges
10:17 - Insights into maintaining boundaries in business
13:25 - Helping a business owner meet demand with creative financing
15:40 - How they structured the deal to secure investor confidence
18:47 - Discussing creative real estate investments and lending
21:13 - How to connect with Keith and Mandy for collaborations
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
http://joingatortribe.com/yt
► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
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Thursday Dec 19, 2024
Thursday Dec 19, 2024
Welcome to a new episode of Get Creative! Today, your host is Justin Tuminowski, and he is joined by Rinda Emick, a top transaction coordinator who has been JV-ing with real estate agents and investors to structure creative deals. In this episode, Rinda shares the story of how she helped an agent close a unique deal involving a USDA loan and a contract for deed structure to accommodate the needs of the buyer and seller.
Highlights:
"We have to think outside the box, right? We have to get our VIPs involved. We have to get the attorney and just ask some questions, what's the best structure?"
"This is something where sometimes the seller, this is what they need, like, this is that last little piece of what they need to feel really confident and comfortable with moving forward with a creative structure."
"It's not my go to first always way of doing creative deals, but it is. It is definitely like a way to make that seller feel a little bit more secure."
Timestamps:
01:26 Introducing Rinda Emick and Her TC Business
05:51 Navigating the Brokerage's Restrictions
07:50 Rinda's Approach to JV-ing and Structuring the Deal
10:00 Consulting the Buyer and Seller on the Structure
14:17 The Flexibility of Contract for Deed Structures
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=
► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
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Wednesday Dec 18, 2024
Wednesday Dec 18, 2024
Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of multifamily real estate investing with the team from the Sub-To Fund. You'll learn about their unique approach to acquiring and transforming underperforming properties through creative financing strategies, value-add improvements, and a focus on community-centric asset management. The discussion covers the details of a recent 160-unit acquisition, including the purchase price, financing structure, and plans for adding value to the property and improving the lives of the residents.
Highlights:
"We are the Avengers of multifamily, and we put them all together."
"The market will determine the exit strategy based on what other maybe a big REIT or a higher level institutional buyer comes along."
"We're building the community for the residents. We're building the community for these buildings themselves, and we're improving the whole market that it's sitting in."
"When you go to buy a business, what's the most important thing, the bottom line, right? So if it's not a profitable business, no one want it."
Timestamps:
0:00 Acquisition of the 160-Unit Deal
1:37 Value-Add Strategy and Community Focus
2:19 Purchase Details and Seller Financing
4:17 Investment and Value-Add Costs
8:14 Renovation Plans and Resident Feedback
12:58 Operating Expenses and Insurance Benefits
17:16 Investor Returns and Creative Finance
18:57 Invitation to Invest and Community Impact
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=
► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
Instagram: https://www.instagram.com/pacemorby/
TikTok: https://www.tiktok.com/@pacemorby
Tuesday Dec 17, 2024
Tuesday Dec 17, 2024
Welcome to a new episode of Get Creative! In this episode, host Ingryd Hernandez sits down with Peymon Hashimoto, a real estate investor who has found success in subject-to deals and wraparound mortgages. Peymon shares his journey, from starting out in traditional real estate investing in Idaho to expanding his business nationwide, with a focus on Georgia. He discusses the importance of mentorship, the cultural influence on his negotiation skills, and the benefits of passive income through creative finance strategies.
Highlights:
"I actually did a subject-to wraparound deal in Georgia."
"I was a traditional investor since 2010. I built up a list of people I used to call or email and just say, Hey guys, I got a new rental, long term rental."
"There's so many ways to make money in real estate. I think the best place to start is to get to know who you are and let that be your guiding North Star."
Timestamps:
0:00 - Introduction
01:20 - Overview of a Subject To Deal in Georgia
03:00 - Previous Experience Before Joining the Community
05:03 - Cultural Perspectives on Negotiation
10:33 - Mortgage Details Explanation
14:03 - Future Opportunities in the Georgia Market
21:53 - Introduction to Subject-to Deals and Mentorship
22:34 - Peymon's Experience with Wraparound Mortgages
24:28 - Peymon's Future Plans and Investment Focus
27:05 - Conclusion and Final Thoughts
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=
► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
PLUG IN & SUBSCRIBE
Instagram: https://www.instagram.com/pacemorby/
TikTok: https://www.tiktok.com/@pacemorby