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Get Creative with Pace Morby

Latest episodes

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Oct 26, 2024 • 23min

How to Earn $230K a Year in Real Estate

Welcome to a new episode of Get Creative! Today, we're diving into the fascinating world of no-money-down real estate deals. We'll explore a real-life example of acquiring a home using creative financing strategies like subject-to loans, seller financing, and more. I'll break down the numbers, explaining each step of the process, from acquisition to cash flow strategies. If you're interested in real estate investment and looking for innovative ways to leverage your deals, this is an episode you won't want to miss!    Highlights: "You could buy 12 of these deals, get paid up front to do it, and you're set for life." "We took over three mortgages with no money out of our pocket and got paid $15,000 to buy the deal." "The biggest reasons why she sold to us is because she wanted all her equity out of the house." "This is how I’m buying deals with no money, no cash, no credit, and getting paid in the process."   Timestamps: 00:00 - Introduction to No Money Down Deals  02:30 - Breaking Down the Real House Purchase  05:00 - Detailed Explanation of Financing Strategies  08:16 - Overview of the Subject-To Deal Structure  10:45 - Cash Flow Analysis and Profit Strategies  15:00 - Deep Dive into Refinancing Options  18:20 - Tax Benefits and Cost Segregation Explained  22:00 - Long-Term Financial Impact of Real Estate Investments  25:30 - Challenges and Considerations in Creative Financing  28:50 - Closing Thoughts and Key Takeaways   ► 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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Oct 24, 2024 • 39min

The Anatomy of a Virtual Wholesaling Deal

Welcome to a new episode of Get Creative! In this episode, hosts Karolyn and Miron Briley sit down with guests Bryant Garcia and Daniella Devine to discuss the intricacies of virtual wholesaling and creative finance. We dive into a particularly challenging real estate deal that tested every aspect of negotiation, problem-solving, and persistence. From compliance issues to contract extensions, this story covers a comprehensive journey through the world of real estate deals that require creativity and community support.   Highlights: "Every deal has a story, and overcoming ten different challenges is our theme today."   "We're tapping into virtual wholesaling, where it’s not just about finding the right deals, but also navigating the complexities that come with it."   "Persistence is key in real estate; the more problems you face, the more you learn."   "Don't give up, even when the deal throws every possible challenge your way. There’s always a solution."   Timestamps: 00:00 - Introduction and Overview of the Podcast 02:13 - Initial Lead and Challenges 04:13 - Navigating the Land Trust Issue 10:17 - Switching Title Companies and Continued Challenges 14:10 - Final Push to Close the Deal 34:49 - Post-Closing Challenges and Lessons Learned 35:04 - Final Thoughts and Contact Information   ► 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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Oct 23, 2024 • 13min

Inside a $11K/Month Multi-Family Property Deal

Welcome to a new episode of Get Creative! In this episode, we delve into the profitable world of multifamily properties through owner financing. Join us as we follow the journey of Carly Romer and her team, exploring their tactics from initial contact to successful negotiations. Discover the steps they took to secure a multifamily property that nets $11,000 a month, their strategic persistence in follow-ups, and the key takeaways that can help any investor succeed in real estate.   Highlights: "Building a relationship with property sellers can transform an initial cold call into a profitable negotiation."   "Persistence in follow-ups is crucial; it's about staying on their radar without being a nuisance."   "Negotiation is an art—knowing when to push for a better interest rate or a lower down payment can make or break a deal."   "Every successful deal relies heavily on the community and partnerships—it's not just about the numbers."   Timestamps: 0:00 - Acquiring Multi-Family Properties through Owner Financing 1:13 - Carly Romer's Initial Attempts and Challenges 3:18 - Building Rapport and Persistent Follow-Up 5:29 - Negotiating the Deal Terms 10:02 - Key Takeaways and Strategies for Success 12:27 - Community Support and Final 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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Oct 22, 2024 • 37min

The Thrill of the Deal: Tim Armstrong's Creative Finance Wins

Welcome to a new episode of Get Creative! Today, host Keola Keala is joined by Tim Armstrong, who shares his journey from being a carpenter working on high-end homes to mastering the art of creative real estate investing. In this episode, we dive into how Tim leveraged his background in construction to navigate the competitive real estate market, his approach to creative financing, and the lessons learned along the way. Join us as Tim discusses his first successful deals, the power of persistence, and the importance of community in the world of investing.   Highlights: "If you're on the fence, get off. It's either join or don't join. That part in the middle is the worst place to be."   "You gotta paddle into it yourself. You got to take your lumps, and then you're going to get a ride of your life."   "I didn't realize that I was that persistent, and it's not difficult. Most times it's you talk yourself out of doing something."   "These are the best friends that money can buy, and it's so true. You're part of a community now that wants to do the exact same things that you do."   Timestamps: 00:01 - Introduction to the podcast and Tim Armstrong 02:29 - Transition from carpentry to real estate 04:28 - Attraction to the real estate community 05:47 - Surfing analogy and community engagement 07:35 - Emphasizing persistence in real estate 10:05 - Discussing a specific creative deal 15:36 - Finalizing the deal and key lessons 19:02 - Exploring partial fix and flip strategies 22:35 - Action-based learning and adjustments 26:49 - Financial outcomes of the deal 29:01 - Biggest lessons learned from the experience 32:38 - Tim's advice for those new to real estate   ► 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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Oct 21, 2024 • 32min

From Corporate to Creative: The McGuire's Real Estate Leap

Welcome to a new episode of Get Creative! Today, we're joined by Corrie and Andrew McGuire, a power couple from Arizona who have mastered the art of creative real estate deals. In this episode, they share their inspiring journey from corporate America to becoming influential figures in the real estate community, detailing the strategies that helped them succeed, including the innovative "Rooster Strategy." Whether you’re a seasoned investor or just starting, this story of transformation and success is sure to offer valuable insights. Highlights: "I felt like I was in prison, and I was like, how do I get out of this prison? I'll do anything."  "It’s about going all in and finding that unique balance in leveraging each other’s strengths." "The more emotional the reaction, the closer you are to a deal."  "Never underestimate the power of empathy and understanding in negotiations."   Timestamps: 00:00 - Introduction to the Episode  01:44 - Andrew's Initial Struggles and Breakthrough  03:12 - Transition to Full-time Real Estate  05:00 - The Origin of the Rooster Strategy  07:06 - Corrie's Transition from Speech Therapist to Real Estate  09:34 - Introduction to the Rooster Strategy  12:28 - Engaging a Difficult Seller  15:10 - Finalizing the Deal with Creative Solutions  19:06 - The Emotional Reward of Helping Others  22:14 - Learning from Emotional Responses in Sales  24:06 - Closing the Deal and Its Impact  26:33 - How the Deal Benefited Both Buyer and Seller  28:19 - Future Plans and Collaborations  31:07 - Wrapping up and Contact Information   ► 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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Oct 20, 2024 • 17min

Mastering the Art of Creative Deals in Real Estate

Welcome to a new episode of Get Creative! In this episode, we delve into a compelling real estate strategy that netted a $300,000 return simply by connecting the right people. Join Pace as he breaks down a recent deal involving a 1031 exchange and explains how aligning resources and networking within the real estate community can lead to significant profits. Whether you're a seasoned investor or new to the field, this story offers invaluable insights into creative finance and real estate investment.   Highlights: "The key to massive profits in real estate is not just finding deals, but creating them." "If you're not learning how to solve problems for others, you're leaving money on the table." "1031 exchanges can be complex, but they're gold mines if you know how to navigate them."  "Investing in yourself and learning to connect the dots will set you apart in any business."    Timestamps: 00:00 - Introduction: The Potential of Creative Real Estate  00:31 - Discussing Client Needs with Olivia  01:06 - Pace's Community and Experience with Single Family Homes  02:01 - Challenges of 1031 Exchanges  03:07 - Discussing the Financial Aspects of the Deal  04:17 - Specifications on Property Requirements  06:15 - Strategy for Finding Deals Outside of MLS  07:40 - Structuring Wholesale Deals Creatively  09:49 - The Importance of Being a Deal Finder  12:25 - Closing Remarks: The Power of Networking and Making Money in Real Estate   ► 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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Oct 19, 2024 • 23min

How to Turn Real Estate Into a Wealth Machine with Creative Financing

Welcome to a new episode of Get Creative! Today, we delve into the intriguing world of creative real estate financing that can potentially earn you $230K per year. Our focus is on no-money-down deals, leveraging properties, and maximizing returns with innovative strategies like subject-to loans, seller financing, and co-living property setups. Whether you're a seasoned investor or just starting, this episode is packed with actionable insights that could transform your approach to real estate investment. Highlights: "You could literally set up your retirement in one year by doing just 12 of these deals." "We're not just doing transactions; we're structuring deals that solve real problems." "Creative financing is about making the deal work for you, the seller, and the community." "By solving the affordability crisis, we're not just investors; we're community builders."   Timestamps: 00:00 - Introduction to Creative Real Estate Strategies  03:25 - The Basics of No-Money-Down Deals  07:45 - Breakdown of a Real Deal with Zero Out-of-Pocket Cost  12:15 - Detailed Analysis of Financing Structures  17:30 - Cash Flow Insights and Co-Living Property Benefits  22:40 - Tax Advantages and Cost Segregation Explained  28:50 - How to Leverage Equity for More Deals  33:15 - The Role of Appreciation in Wealth Building  38:05 - Navigating Regulatory Challenges in Co-Living Investments  43:20 - Final Thoughts and Future Strategies in Creative Real Estate   ► 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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Oct 18, 2024 • 31min

Chris Geddes' Journey to Financial Freedom through Real Estate

Welcome to a new episode of Get Creative! In today's show, I'm thrilled to have Chris Geddes, a real estate investor and a pioneer in using creative financing to navigate property deals. Chris has transitioned from tech to full-time real estate, leveraging his expertise in Sub-To deals and seller finance strategies. Today, he shares his journey from purchasing his first home to selling his property using creative finance, providing valuable insights for anyone looking to break free from traditional real estate constraints.   Highlights:  "Creative finance opened the door to financial freedom for me and my family."   "We're not just doing transactions; we're building a community of go-givers."   "It's not just about selling houses; it's about solving problems creatively."   "Every deal can be a gateway to new possibilities if you're willing to think outside the box." Timestamps: 00:00 - Introduction  01:15 - Chris Geddes Introduction and Background  03:24 - Debunking Myths About Sub-To Deals  06:01 - The Turning Point in Real Estate Selling  09:15 - Emotions and Challenges in Selling a House  12:05 - Successful Sale with Creative Financing  15:00 - Understanding Seller Finance and Its Benefits  18:16 - The Impact of Creative Financing on Real Estate Agents  21:49 - Brokering Deals with Creative Insights  24:08 - Future Plans and Transition to Self Storage Acquisitions  27:26 - The Role of Education in Expanding Real Estate Opportunities  30:11 - Closing Thoughts  ► 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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Oct 17, 2024 • 33min

Insights on Building Relationships and Deals in Real Estate

Welcome to a new episode of Get Creative! Today, host Karolyn Briley is joined by two amazing guests, Gwen Little and Amanda Spinney. This episode promises an enlightening discussion as we delve deep into the world of real estate investing, highlighting success stories and innovative finance strategies. Stay tuned as Gwen and Amanda share their expertise and experiences in the vibrant field of creative finance.   Highlights: "It's about the people in this community and their desire to genuinely assist you in any way they can."    "Every transaction is a chance to build lasting relationships that extend beyond the deal." "The community aspect of real estate can propel you far beyond your initial investment."    "Being open and genuine in your interactions is the key to finding your tribe within the industry."    Timestamps: 00:00 - Introduction to Creative Finance 01:13 - Welcome by Host Karolyn Briley 03:12 - Guest Introductions: Gwen Little and Amanda Spinney 06:31 - Discussing the Structure of a Seller Finance Deal 09:07 - Challenges and Solutions in Real Estate Transactions 11:06 - The Importance of a Transaction Coordinator (TC) 15:02 - Unique Aspects of Seller Finance Deals 17:21 - Building Strong Relationships in Real Estate 20:00 - Understanding the Emotional Impact on Sellers 23:09 - Leveraging Community Resources for Business Growth 28:02 - Final Deal Breakdown and Successes   ► 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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Oct 16, 2024 • 12min

Wholesaling 101: A Beginner's Guide to Real Estate in 2024

Welcome to a new episode of Get Creative! Today, we dive into the complexities and opportunities of starting in real estate in 2024. Whether you’re looking to wholesale, invest passively, or just get your feet wet, this episode covers everything from setting up your LLC to choosing the right market and leveraging tools like Loi Blaster to make your real estate ventures easier and more effective. Join us as we explore how to streamline the process, overcome the fear of starting, and hear firsthand tips on raising capital and closing deals.   Highlights: "Getting started in real estate in 2024 has never been easier, but never been more complicated."   "Everything you want to learn is on the other side of a lead."   "Stop asking so many questions. Just get started, and the rest will follow."   "I've never made $1 without somebody else involved."   Timestamps 0:00 - Starting in Real Estate in 2024 1:26 - Getting All Your Ducks in a Row 3:24 - Blasting Opportunities 5:57 - Cycle of Calls and Closing Deals 8:16 - Simplifying the Process and Overcoming Fear 10:36 - Final Encouragement and Future Courses   ► 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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