Get Creative with Pace Morby

Turning Zero Equity into Cash Flow: Jackson’s Strategy

Aug 22, 2024

31:06

Welcome to a new episode of Get Creative! In today’s episode, we have a special guest, Jackson Pierce, joining our host, Justin Tuminowski. Jackson, a member of the Gator tribe and a seasoned real estate investor, shares his journey from military service to mastering creative finance strategies in real estate. Throughout the episode, Jackson discusses how he leveraged creative financing techniques to turn seemingly impossible deals into profitable investments. He dives into a recent Sub-To deal where he transformed a zero-equity situation into significant cash flow by using his unique exit strategy.

Highlights:

"I went from YouTube University to the school of Gator, and this year, I got into SubTo and Owners Club as well."

"You need to be telling people what you're doing... It's mindset, but at the end of the day, you have to talk about your passions."

"It's important that I had my exit strategy lined up. I don't think I could have bought this deal without knowing exactly what I was going to do with it."

"You don't have to have a direct-to-seller business when you just talk about what you're doing and what you're passionate about."

Timestamps:

00:00 - Introducing Jackson Pierce

01:03 - Discussing Jackson's Real Estate Journey

03:16 - The Importance of Transaction Coordinators

05:27 - Finding Distressed Properties through Networking

08:36 - Structuring the Sub-To Deal

12:03 - Leveraging Military Housing Opportunities

15:10 - Furnishing and Monetizing the Property

19:07 - Acquiring the Property with a Private Money Partner

23:53 - Considerations for Private Money Partnerships

27:59 - Connecting with Jackson and Seeking Opportunities