Get Creative with Pace Morby Cross-Collateralization in Real Estate Explained
Welcome to a new episode of Get Creative! Today, your host, Ingryd Hernandez, dives into the world of creative real estate finance with Brett Flory, a seasoned member of the Gator Tribe and SubTo communities. In this episode, Brett breaks down an extraordinary $5K earnest money deposit (EMD) deal, discussing unique strategies like cross-collateralization, mutual release forms, and relationship building in the lending world. Whether you're a beginner or experienced investor, this episode is packed with actionable insights and expert advice.
Highlights:
"Your name is your value in real estate investing."
"Cross-collateralization secured my funds against two properties."
"Mutual release forms protect your earnest money deposit every time."
"Creative finance is all about minimizing risk and maximizing relationships."
Timestamps
00:01 - Introduction
01:26 - Meet Brett Flory
02:39 - The $5K EMD Deal
03:04 - What Is EMD?
05:47 - Structuring the Deal
09:19 - Due Diligence Matters
11:43 - Cross-Collateralization Strategy
17:49 - $3K Profit in 30 Days
19:19 - Building Relationships
22:10 - Double Closes Explained
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc
► 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: https://paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
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