2min chapter

Get Creative with Pace Morby cover image

The SubTo Success Playbook: Mastering Creative Real Estate Finance

Get Creative with Pace Morby

CHAPTER

Mastermind Connections and Collaborative Competition in Real Estate

Exploring connections made at a Mastermind event leading to insights on charity setup, followed by a unique perspective on collaboration in a competitive market demonstrated in a TV show on A&E.

00:00
Speaker 2
No, we need to, we need, they need to hear this, man. I needed to hear some of this as well. I was just kind of fine-tuned what I understand about it. But I'm going to, I have to get you on a line after the fact. I know you're going to be busy for the next six months, but I have to get you on a line and see who set this up for you, man. Because I got to get
Speaker 1
something similar set up as well. Yeah. So the speaker at the Mastermind is a guy named Toby Mathis from Anderson Business Advisors. And you've probably seen Anderson Business Advisors on YouTube. They do a great job. So he came and spoke at the Mastermind and he spent nine hours talking about the charity and how to set it up. And I'm like, oh my gosh. So I'll connect you guys. And dude, he was great. And what he'll do is he'll come into your audience, like into your mentorship. And he'll talk to your students about this and give you like massive, massive value.
Speaker 2
Oh man, that's what I'm looking for, bro. I appreciate that, man. Of course. So man, so speaking of which, man, you got a TV show that you're doing on A&E right now. You want to talk a little
Speaker 1
bit about that? Yeah, sure. Isn't that crazy? Think about like, my gosh. So yeah, we've got a TV show coming out. Jamil and I are actually competitors, right? So we Jamil Damji is my counterpart. We compete in the same market. We're not partners in any business, any business whatsoever. We are not partners. We compete. Right. So what we do in town is that we're looking at the same deals all the time, like wholesalers are sending him deals, wholesalers are sending me deals. And we're constantly bidding each other up and fighting over the same deals. I'm sure you run into this with some of your buddies in your own town. Right. So what Jamil and I do is we figured out a little method to know when it's either one of us on the other side of these, you know, these trades. And so we just kind of work together and go, let's just get the deal done and do the deal together. And we've been doing that for years. And we go and do a fix and flip together because we had a wholesaler who was trying to bid us against each other. And I go, Jamil, I think we're being bit bit up because, oh, man, cool, you're on the other side. I go, yes, let's stop bidding the thing up. I'll walk away. You buy the deal and let's just go fix and flip it together. So we make a YouTube video about collaborating on a fix and flip. You don't have to hate your competition. Make your competition your best friends. And A&E sees that YouTube video and they go, we need these guys on TV.

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