Unleashing Potential With the Pace Morby Blueprint
Apr 14, 2024
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Real estate investor Pace Morby shares his journey from contractor to owning over 300 rental units, discussing challenges, creative financing, and tips for aspiring entrepreneurs. Highlights include leveraging local hard money lenders and the importance of believing in the future.
Believe in the future for success, share goals openly for accountability, leverage local hard money lenders for funding.
Deep dives
The Journey From Contractor to TV Star
Starting as a contractor, the podcast guest shares how his career evolved into a successful TV show on A&E called Triple Digit Flip. From humble beginnings to a best viewed show, he details his path from contractor to TV success. He reflects on the challenges faced, going almost bankrupt due to contractor issues, but bouncing back to multi-business success.
Reviving Business Through Social Media
The guest discusses how utilizing social media, particularly Instagram, played a pivotal role in reviving his real estate business. By showcasing projects, interacting with followers, and showing the behind-the-scenes of deals, he attracted a new audience and rejuvenated his business through social media engagement.
Impacting Lives Through Content
The episode highlights the importance of creating authentic and diverse content on social media. The guest recounts how sharing both successes and failures, along with tips and insights, resonated with viewers. By being open about challenges and lessons learned, the content not only engaged the audience but also inspired and attracted like-minded individuals.
TV Show Success and Authenticity
The podcast guest sheds light on the success of their TV show and the key factors behind it. By offering a unique perspective on real estate deals, showcasing where deals originate, and engaging in fun challenges such as door knocking, the show stands out. Despite the editing challenges in TV production, maintaining authenticity and genuine storytelling remain crucial to the show's appeal.
The Challenges of Flipping Houses for a TV Show
Flipping houses for a TV show poses unique challenges as the flippers need to hoard properties beforehand and have them ready for filming without a fixed filming schedule. The flippers must accumulate numerous houses and select the best ones for the show, often facing rejections for some properties. Despite the constraints, the appreciating real estate market adds a layer of complexity as the flippers strive to meet the show's standards, even for minor details like landscaping.
Balancing Work and Family Commitments in Real Estate Business
Maintaining a balance between work commitments and family life is crucial in real estate business. Successful individuals like Ryan have structured their days efficiently, dedicating early mornings to work and optimizing their schedules. Delegation plays a significant role in managing workload effectively, with a focus on accomplishing goals and enhancing productivity. Setting boundaries and priorities allows individuals to streamline their activities, leading to improved efficiency and work-life harmony.
Welcome to the Get Creative podcast. In this episode, I joined Ryan Pineda on the Wealthy Way podcast as we take a deep dive into my transformation from a solo contractor to being the king of creative finance in real estate. I'll share the trials and triumphs of my journey and reveal how I turned my challenges into opportunities and scaled up to control over 300 rental units. Whether you're just starting or looking to expand your portfolio, this episode is packed with insights and strategies to boost your real estate ambitions.
Highlights:
"It's about believing in the future and thinking that the future will be better than the past."
"I am much more likely to hit my goal just due to putting it out there."
"If somebody told me for example one of my hard money lenders that we use is, they're just local to Arizona but you guys can Google them and use them. If you're in Arizona, Frank West capital they'll fund 100% of your purchase."