Get Creative with Pace Morby How to Master the No Money Down Real Estate Deals
Welcome to a new episode of Get Creative! Today, we're diving into the world of real estate investing with Pace Morby and Jamil Damji. In this episode, Pace and Jamil discuss how to leverage creative financing strategies to buy real estate with no money down. They explore real-world examples, such as a recent $16 million multifamily deal, and share insights on owner financing, subject-to deals, and how to navigate a down market.
Highlights:
"In a down market, creative financing opportunities are amplified, offering better deals than ever before."
"Seller financing is a powerful strategy often used in multifamily deals, making them accessible with no money out of pocket."
"The key is to understand the seller's motivation and craft a deal that meets both parties' needs."
"Fear not the market shifts; embrace them as opportunities to deploy creative real estate strategies."
Timestamps:
00:00 - Introduction and Overview
00:35 - Pace Morby's Real Estate Accomplishments
02:14 - Leveraging Creative Finance Strategies in a Down Market
04:17 - Identifying Opportunities with Underwater Homeowners
05:58 - Taking Over Mortgages with Low Interest Rates
08:35 - Navigating the Changing Multifamily Market
09:30 - Understanding the Seller's Motivations
11:24 - Negotiating Seller Financing
12:35 - The Power of Creative Finance Strategies
15:50 - Conclusion and Next Steps
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