Get Creative with Pace Morby cover image

Get Creative with Pace Morby

The True Cost of Owning Rentals: A Deep Dive

Jul 20, 2024
46:43

Welcome to a new episode of Get Creative! In this episode, Ashley Kerr and Tony Robinson sit down with Pace Morby and Jamil Damji to discuss the current real estate market, the true cost of owning rental properties, and field questions from a live audience. They share their expertise on creative financing, the risks and opportunities in today's market, and practical tips for new and seasoned investors alike. 

 

Highlights:

"Creative finance is like rocket fuel for your real estate deals."

 

"Always stick to your numbers, no matter what."

 

"Finding a partner with complementary strengths is crucial."

 

"The market shift is an opportunity, not a setback."

 

Timestamps:

03:06 Building Relationships with Agents and Lenders

07:41 Risks in Wholesaling and Creative Financing

13:01 Creative Finance Strategies

14:09 Finding the Right Real Estate Partner

18:21 Safely Investing in Multifamily for Beginners

20:28 Data Sources for Real Estate Investments

22:45 Understanding the Wholesaling Process

27:00 Business Relationship Etiquette

31:40 Additional Costs of Rental Ownership

38:12 Dual Agent Considerations

43:00 Episode Wrap-Up and Final Thoughts

 

► 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:

http://joingatortribe.com/yt 

 

► 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/ 

 

PLUG IN & SUBSCRIBE

Instagram: https://www.instagram.com/pacemorby/ 

TikTok: https://www.tiktok.com/@pacemorby 

 

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode