Get Creative with Pace Morby Unlocking Opportunities Through Lease-Option Agreements
Welcome to a new episode of Get Creative! Your host today is Ingryd Hernandez, and she's joined by Mandy and Keith Konecki, a dynamic real estate investing duo. In this episode, we dive into a unique deal they've undertaken, involving a business attached to a property. We'll explore their creative financing strategies, the challenges they faced, and the lessons they've learned along the way.
Highlights:
"We primarily focus in the Northeast Florida market in Northwest Ohio, but we're becoming more virtual across the country too."
"We wrote up a lease agreement, and it was $5,000 a month that he would pay us, and it was only supposed to be a six month term, and then at the end of the six months, he would pay us $100,000 back."
"We brought in private money. So that's not, we did not bring 400,000 of our own money. That's private money that we partnered on bringing that in."
"We want to make sure we're always protecting our money lenders as well, because those are partners for life."
Timestamps:
0:00 - Introduction to the Podcast and Gator Tribe
2:56 - Keith and Mandy's Background and Market Focus
3:52 - Details of the Unique Deal
15:39 - Challenges and Adjustments in the Deal
17:22 - Lessons Learned and Future Plans
19:23 - Conclusion and Contact Information
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