SubTo Airbnbs: How to Acquire Properties Without Banks

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Jul 14, 2024

Guest

Pace Morby

Guest

Jorge Contreras

Real estate investing experts Jorge Contreras and Pace Morby discuss creative financing strategies like 'subject-to' transactions, emphasizing the power of storytelling in sales. They share insights on acquiring properties without banks, generating income through Airbnb, and personal growth in real estate. Practical advice includes learning from mistakes, working in the industry, and focusing on mentorship for success.

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INSIGHT

Power of Storytelling in Real Estate

Everything in real estate and sales depends on the ability to tell a story, not just convey information.
Storytelling connects better with sellers, buyers, lenders, and investors, enhancing success.

ANECDOTE

Born on Third Base, Helping Others

Pace Morby was born into privilege, likening it to being "born on third base" in the game of life.
He feels a duty to help others "out of the dugout" and give them a chance to succeed.

INSIGHT

Value of Emotional Income

Emotional income is more valuable to Pace than financial income.
Changing lives and helping others succeed drives his work.

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Welcome to a new episode of Get Creative! Today, we have an insightful conversation featuring Jorge Contreras and Pace Morby. In this episode, Jorge and Pace talk about the intricacies of real estate investing, specifically focusing on the creative financing strategy known as "subject-to." They discuss how to acquire properties without the need for traditional bank loans or large down payments, and how this strategy can be applied to generate substantial income through Airbnb.

Highlights:
"Everything we do in real estate and sales is about the ability to tell a story and convey a message."

"I was born on third base. It's my job to get all my people out of the dugout and give them a chance at bat."

"Emotional income is way more valuable than financial income."

"Creative finance solves 90% of the problems that a cash transaction cannot solve."

Timestamps
00:00 - Introduction to Get Creative!
00:20 - Meet Jorge Contreras and Pace Morby
03:11 - The Art of Storytelling in Real Estate
09:39 - The Importance of Who You Become in the Process
10:28 - Mindset and Personal Development in Real Estate
15:44 - Breaking Free from Who You’ve Become
27:03 - Understanding Subject-to Transactions
32:12 - Real-Life Example: Branch Forest Way Property
39:41 - Applying Subject-to in Real Estate and Cars
53:02 - Advice for New Real Estate Investors

► 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/

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