Get Creative with Pace Morby

Infinite Banking, VA Loans, and Co-Living: A Creative Real Estate Journey

Feb 10, 2025

28:44

Welcome to a new episode of Get Creative! Your host, Justin Tuminowski, is joined by Dustin Geroski and Jill Barkley, two experienced real estate investors who have leveraged creative finance strategies to achieve success. In this episode, they dive into Dustin's journey of using an infinite banking policy to finance a Subto deal, navigating VA loan challenges, and exploring the exciting world of co-living opportunities.

Highlights:

"I love that stuff. And so, yeah, I just started, you know, watching the videos that pace is doing, but also reading the books that he suggested."

"We're looking forward to that. These properties that we're looking at are very good deals. It's hard to cash flow because properties are so expensive, expensive in Broward and Dade County."

"Ultimately we got the lease option, like an addendum, just as a safety mechanism originally, like everyone's always afraid to do on sale."

"It's really cool though, because the seller was ecstatic, like he thought he was trapped. He thought he's gonna have to write a big check, and instead he got, we got like 10 grand or something."

Timestamps:

00:00 - Introduction

01:48 - Jill Barkley's Background and Introduction

02:30 - Dustin Geroski's Background and Introduction

06:16 - Details of the Subto Deal

09:34 - Addressing Missing Appliances

12:27 - Lease Option Addendum and VA Loan Challenges

14:31 - Wiping Away the Debt-to-Income Ratio

17:19 - Successful Outcome for the Seller

20:09 - Co-Living Opportunities and Future Plans

25:32 - Contact Information and Final Thoughts

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