Get Creative with Pace Morby Outsmarting Buyers AND Sellers
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:
► 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/
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