Get Creative with Pace Morby Cash vs. Subject-To: Which Real Estate Strategy Wins?
Welcome to a new episode of Get Creative! In this episode, we dive into the nitty-gritty of real estate transactions, comparing the intricacies of subject-to deals versus cash transactions. Our guest expert breaks down a real-life deal on Flower Street, explaining every step from initial contact with the seller to finalizing the purchase. If you've ever wondered why some sellers would agree to let buyers take over their payments, or how agents play a critical role in these transactions, this is the episode for you!
Highlights:
"Cash transactions are so much more challenging than subject to."
"Every deal starts with a seller, someone who owns the property."
"The motivation of a seller is often an emotional thing."
"If you're an agent and not presenting all offers to your seller, you're not fulfilling your obligation."
Timestamps:
0:00 - Intro to Subject-to vs. Cash Transactions
0:32 - Importance of Seller Motivation
1:37 - Expired Listings and Reaching Out to Agents
3:48 - Seller's Emotional and Financial Pain
5:27 - The Subject-to Transaction Process
7:37 - Financing the Deal with Private Money
9:00 - Closing the Transaction and Ongoing Payments
10:15 - The Delta and Long-Term Wealth Building
11:00 - Exploring Different Exit Strategies
12:30 - Conclusion and Key Takeaways
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