527: 300 Doors, 100% Creative Financing with Pace Morby

Nov 4, 2021

Pace Morby, a seasoned real estate investor known for his expertise in creative financing and seller financing, shares his journey from contractor to successful investor. He dives into innovative strategies for building a rental portfolio without relying on traditional bank financing. Listeners will learn about the power of subject-to deals and how to effectively communicate with sellers. Morby also discusses the importance of outsourcing and leveraging social media for real estate success. This conversation is packed with practical tips for aspiring investors!

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ANECDOTE

The $100,000 House

Pace bought a house for $100,000 with seller financing, 0% interest, and a $10,000 down payment paid over time.
The tenant's rent covered the down payment and Pace netted $1,000 monthly.

ANECDOTE

The F-150 Analogy

Pace uses the "F-150 story" to explain seller financing to hesitant sellers.
He offered to take payments for his used truck, resulting in a higher selling price.

ADVICE

Expand Your Toolkit

Understand the basics of various creative financing strategies like seller financing and subject to.
This expands your options when dealing with sellers and increases your deal flow.

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