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Get Creative with Pace Morby

Latest episodes

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May 30, 2024 • 28min

Creative Financing Wins: From Military Man to Real Estate Master

Welcome to a new episode of Get Creative! In today’s episode, we chatted with Wesley Thompson, a graduate of the SubTo program who found success in real estate using creative financing strategies. Wes shares his journey from military service to becoming a long-term rental investor, highlighting the importance of finding the right market and building relationships. Highlights "I don't want to build myself into a business or a job. So I like to keep things as Chad Carson would say, relatively small and mighty."  "It's not necessarily the best idea to be the first one to reach the seller."  "It was very much a relationship thing... the listing agent reached out to me because they already had credibility there."  Timestamps: 00:49 - Meet Wesley Thompson 02:54 - Why Long-Term Rentals? 04:51 - Real Estate Journey: Army to SubTo Graduate 06:28 - First Creative Deal: Subject-To on MLS Listing 09:14 - Finding the Right Market & Seller Situation 12:27 - Wholesalers Paved the Way for Creative Deal 14:31 - Building Relationships with Listing Agents 18:43 - Renovation & Cash-on-Cash Return 21:14 - Creative Financing on the Commercial Side 24:20 - Open to Weird Deals & Building a Team ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 29, 2024 • 56min

How to Find the Bunnies: Uncovering the Emotional Reasons Behind Real Estate Deals

Welcome to a new episode of Get Creative. In this episode, I chat with JB over his podcast, The Wolf’s Den.  I share a crazy story about my first creative financing deal. Forget numbers, this was about emotions. I call it "finding the bunnies." Let me tell you, I was a rookie with zero experience, and almost blew it by chasing numbers. Then I met Janie, and her situation was a tangled mess. But with some empathy and creative thinking, I won her over. It wasn't about buying a house, it was about understanding her. Tune in to learn why rapport is king, how to uncover emotional drivers, and why going beyond the numbers can lead to big wins!  Highlights: "It's never about the house. It is always about the situation." "Your job as a real estate investor is to find people's bunnies, find the actual problem, find the issue of what they're doing."  "I didn't know how to comp. I didn't know how to do anything." - Timestamps: 00:00 - Joey Ryan Sets Up the Story 04:10 - The Meaning Behind SubTo  07:42 - My Blue-Collar Background 10:13 - My First House (and My Mistake) 12:40 - Missing Out on Leads 14:23 - The Importance of Taking Action (and Asking Questions) 16:12 - Meeting Janie Munson  19:22 - Mom to the Rescue!  21:59 - Why Janie Chose Me 23:40 - Infinite Banking and Passive Income ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 28, 2024 • 34min

Be Your Own Boss in Real Estate with Bee Portillo

Welcome to a new episode of Get Creative! Tired of the daily grind? We chat with Bee Portillo, a former stay-at-home mom who transitioned to becoming a successful transaction coordinator, all while enjoying the freedom of being her own boss. Bee shares her inspiring story of leaving the stay-at-home life behind to pursue a career in real estate. She'll talk about how she leveraged the supportive SubTo community to find her niche and the power of building connections to land dream opportunities. Packed with valuable insights, this episode also dives into how Be's transferable skills from office assistant to transaction coordinator helped her excel, the importance of organization and meticulous attention to detail in real estate deals, why understanding creative financing is crucial for transaction coordinators, and how to balance family life with the flexibility of a remote work schedule. Highlights: "If you're struggling to make money, you haven't talked to enough people."  "There's so much more potential here. And there isn't just one thing you could do, there's several different things that you can work on." "It's not just all about ourselves and take take take. It's about bringing something to the table."  Timestamps: 01:13 Be in the Middle of a Storm (Houston Market) 03:04 From Stay-at-Home Mom to Transaction Coordinator Dream 05:00 - Making Connections in SubTo Community 07:03 - Why Transaction Coordinating?  09:02 -Office Assistant Led to Transaction Coordination Skills 10:01 - Breaking Down Be's First Deal as an Intern 13:34 - Moving Parts and Attention to Detail in Transactions 16:27 - Cash Flowing Property with Existing Tenants  17:54 - Transaction Coordinators Who Understand Creative Finance 29:33 - Go-Givers and Supportive Network 31:07 - Providing a Positive Customer Experience ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 27, 2024 • 41min

From Nudist Camp to Family-Friendly Oasis: Ashley Perez’s RV Park Transformation

Welcome to another episode of Get Creative! In today’s episode, we sit down with the incredible Ashley Perez to discuss her journey into creative real estate investing. From discovering a unique RV park deal in Florida and transforming it from a men's-only nudist camp to a family-friendly destination. Ashley shares her inspiring story and the creative strategies she used to make it happen. Tune in to learn how you can leverage creative finance to achieve your real estate dreams, no matter the challenges!   Highlights: "I fall back on the numbers, I fall back on the opportunity to acquire 26 acres in a beautiful area that I know I can improve."   "The power of seller finance, the power of the seller taking the note, you have an income with less capital and then more to go out to deploy onto the asset itself."   "We're in the people business too, so having a heart and having compassion is key."   Timestamp: 00:00 - Introduction 01:07 - Joining the SubTo Community 02:24 - The Dope Deal 04:13 - Getting Invested in RV Parks 09:41 - Overcoming Naysayers 15:03 - Securing the Deal 20:21 - Creative Financing Saves the Day 24:34 - The Major Takeover 28:56 - Adding Value and Amenities 36:22 - Future Plans and Expansions   ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 26, 2024 • 48min

The Real Estate Wealth Guide to SubTo Strategies

Welcome to another episode of Get Creative. In this episode, I joined Jordan Belfort on the Wolf’s Den! Today, I shared my journey into the world of "subject to" real estate investing. From my blue-collar beginnings to becoming a successful investor with my TV show, I talk about some of the pivotal moments that led me to embrace creative financing strategies.    Highlights: "The secret sauce is turning this into a fun game every single day that you get to hang out with your buddies because now your buddies are also real estate investors."   "I never have to work for anybody ever again. Even though I was making really good money in these other businesses, it became the funnest thing. And then I just started talking about it like crazy."   "Find something so basic that you can provide value and get around the right people even if you don’t have the money to go join masterminds."   Highlights: 00:00 - Introduction 01:18 - Pace's Background 07:06 - The Turning Point 14:21 - Building a Community 20:00 - Subject To and Seller Finance Basics 27:37 - Getting Started with No Money 34:43 - Tax Benefits of Real Estate Investing 40:58 - Collaboration Over Competition 47:35 - Pace's Artistic Inspiration 55:00 - The Power of Masterminds ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 25, 2024 • 59min

Change Your Career with SubTo Real Estate Strategies

Welcome to Get Creative. In today’s episode, I joined Jamel Gibbs on The Deal Pro Podcast. We discussed the world of "subject to" real estate investing and shared my journey with you. From my blue-collar family background to becoming a successful real estate investor, I'll discuss the pivotal moments that led me to use creative financing strategies. We'll provide valuable insights into how you can succeed in real estate without spending a fortune. Discover how I turned setbacks into comebacks, built a thriving community, and developed multiple streams of income.    Highlights:  "The secret sauce is turning this into a fun game every single day that you get to hang out with your buddies because now your buddies are also real estate investors."   "I never have to work for anybody ever again. Even though I was making really good money in these other businesses, it became the funnest thing. And then I just started talking about it like crazy."   “Find something so basic that you can provide value and get around the right people even if you don’t have the money to go join masterminds."   Timestamps: 00:00 - Introduction 01:18 - Pace's Background 07:06 - The Turning Point 14:21 - Building a Community 20:00 - SubTo and Seller Finance Basics 27:37 - Getting Started with No Money 34:43 - Tax Benefits of Real Estate Investing 40:58 - Collaboration Over Competition 47:35 - Pace's Artistic Inspiration 55:00 - The Power of Masterminds   ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 24, 2024 • 31min

Creative Real Estate Journey: Jeff Smith’s $38K Real Estate Win

Welcome to a new episode of Get Creative! In this episode, we’re joined by Jeff Smith as they talk about their success in creative real estate investing. Join us to listen to how they turned a challenging deal into a $38K payday. They share their strategies for navigating competitive markets, building trust with sellers, and easily closing deals.    Highlights: "You are there to listen for the symptoms so you can diagnose the disease and then prescribe the right medicine." "If I could show you a way to write you a check and get this done with full certainty, are you open to something a little different?" "The power of the sub two community is that my stories are your stories, and our collective experience can be leveraged for your success."   Timestamps:  01:15 - Finding the Deal 03:29 - Diagnosing Seller Needs 05:00 - Engaging All Decision Makers 07:16 - Presenting Creative Offers 10:00 - Handling Seller Objections 13:09 - Closing the Deal 17:10 - Benefits of Creative Financing 21:04 - Partnering with Community Members 24:29 - Lessons Learned and Advice ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 23, 2024 • 32min

Transforming Spaces and Lives with Zander and Michael Katrakis

Young real estate investors Zander and Michael Katrakis from Scottsdale, Arizona share their journey of turning a simple property into a profitable pad split. They discuss the challenges faced, innovative approach, and future plans. Key takeaways include community support, learning from experiences, and the importance of keeping moving forward in real estate investing.
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May 22, 2024 • 52min

The Pace Morby Guide to Wealth Without Cash On Real Estate Rookie

Welcome to a new episode of Get Creative. In this episode, I joined Ashley Kehr and Tony J Robinson over at Real Estate Rookie to dive deep into the world of creative real estate financing. We discuss some invaluable insights from my book, "Wealth Without Cash." Join us and learn how to invest in real estate without using your own money or credit, understand the intricacies of SubTo deals, and discover why creative financing can multiply your success in real estate. If you're looking to expand your investment strategies and close more deals, this episode is a must-listen.   Highlights: "I'm not really buying your house; I'm buying the interest rate attached to your house." "In creative finance, it's not about negotiating the sales price; it's about negotiating the terms." "The only person that makes money when I go get a new bank loan to pay off your existing bank loan are two banks. You don't make any more money, and I don't make any more money."   Timestamps: 00:00 - Introduction to Creative Financing 01:07 - Golf Analogy for Real Estate Investing 03:01 - Benefits of SubTo Deals 04:48 - Options for Creative Financing 08:16 - Finding Expired Listings 12:43 - Easier than Cash Transactions 17:00 - Understanding Seller Financing 20:40 - Overcoming Seller Objections 24:36 - The Benefits of Tax Depreciation 30:00 - Creating Win-Win Deals   ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 21, 2024 • 24min

Turning Challenges into Wins: Britt Christian’s Real Estate Success

Welcome to the Get Creative podcast! In this episode, Britt Christian delves into his successful real estate deals, all made possible through the SubTo and Gator communities. Britt shares how he navigated challenges, leveraged community support, and made substantial returns on his investments. This episode is packed with insights into earnest money deposits (EMD), creative financing, and the power of a supportive community.   Highlights:   "Applied knowledge is power because you can learn stuff and not do anything with it, and it's not gonna take you anywhere."   "Positive conversations can release oxytocin, making us feel better and more energized."   "Everyone can bring value regardless of where your background is from or where you live."   Timestamps: 00:01 - Introduction to Get Creative Podcast 00:35 - 18-Minute Challenge and Community Impact 01:41 - Understanding EMD (Earnest Money Deposit) 02:42 - Leveraging Community for Opportunities 03:49 - Learning from Mistakes 06:13 - Swift Returns on Investment 08:08 - Ensuring Safe Transactions 09:57 - Joining Gator by Mistake 13:18 - Benefits of a Transaction Coordinator (TC) 17:28 - Sage Advice for New Investors   Join my Gator mentorship: joingatortribe.com   Join Our Free Facebook Group: https://paceapproves.com/fbg-pod

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