Get Creative with Pace Morby

Persistence Pays Off: A SubTo Student's Journey to Success

Sep 3, 2024

30:37

Welcome to a new episode of Get Creative! Your host, Jordan Wittenburg, is joined by Tom Crawford, a SubTo student who recently completed a unique real estate deal in Michigan. In this episode, they dive deep into Tom's journey, exploring his transition from wholesaling to creative finance strategies, and the challenges he faced in executing a Novation deal. Listeners will gain valuable insights into sourcing deals, navigating complex legal and title issues, and leveraging partnerships to achieve success in the real estate industry.

Highlights:

"I had a few other businesses that I was working on that got shut down during covid, so I was kind of in like a transition where I was like, I don't know what to do."

"By the end of 2021 I had acquired nine rental properties using creative finance, all seller finance, actually."

"I just drove around, drove drove around the city all my local like Grand Rapids is where I'm from, so like all the neighboring cities, drove around and just saved properties one by one."

"It took some more following up. And within the next couple months, his health had taken, like a downturn, and I wasn't able to get a hold of him, and he ended up passing away."

Timestamps:

0:00 - Introduction to the Podcast

2:22 - Tom Crawford's Real Estate Journey

5:59 - Sourcing Deals through Driving for Dollars

8:46 - Navigating the Probate Process

11:49 - Explaining the Novation Strategy

14:15 - Overcoming Title Company Challenges

16:40 - Involving the Realtor, John Pickle

20:54 - Coordinating with Multiple Parties

24:35 - Finalizing the Deal Terms

27:50 - Tom's Future Plans and Partnerships

► Join The Subto Community & Learn Creative Finance Directly from Pace: