Get Creative with Pace Morby
Bridging the Gap: Helping Newcomers Succeed in Creative Finance
Welcome to a new episode of Get Creative! Your host, Ingryd Hernandez, is joined by Mike Jackson, a seasoned real estate investor and member of the Gator and Subto communities. In this episode, they dive into a creative real estate deal that involved multiple community members, showcasing the power of collaboration and inclusive strategies in the industry.
Highlights:
"If they have an entrepreneurial spirit, and an entrepreneurial spirit tends to be one that sides on action taken, I would say yes [to pursuing alternative paths over traditional college]."
"The beauty of this transaction was that we were able to get into it for a very, very low entry fee compared to what the purchase price was."
"We were able to help so many people do it, and that's what we really love doing."
"If you've never done a creative deal, if you've never done a real estate deal, maybe outside of your own home, to do the first one, maybe five, maybe even 10, with somebody who's experienced doing it."
Timestamps:
00:00 - Introduction
03:27 - Discussing the value of entrepreneurial paths VS traditional education
06:12 - The freedom and flexibility of being an investor
08:41 - Introducing the creative real estate deal
09:40 - Leveraging the "baby elephants" in the Subto community
10:43 - Details of the Menifee, California property acquisition
11:49 - Wholesaling the property to a Subto member
14:54 - Breakdown of the deal's financials
17:31 - Achieving a record assignment fee for a creative Subto wholesale
20:00 - Mike's approach to JV partnerships and helping newcomers in the industry
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► 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: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
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