Get Creative with Pace Morby

Welcome to a new episode of Get Creative! In this episode, our speaker delves into the world of private money lending, sharing invaluable insights and strategies to help you navigate the risks and maximize your returns. From the importance of trust and documentation to the necessity of having a solid recourse plan, this episode is packed with practical advice to ensure your private lending ventures are a success.   Highlights: "Even if you follow all of these rules, plan on losing every mother freaking Penny when you wire that money."   "Do not trust anyone. I don't care who they are. I don't care if it's your grandma. I don't care if they spend time with me."   "Anytime you feel pressure, you walk away. Feel pressure, walk away."   "When wiring money, plan on never, ever, ever, ever, ever seeing it again. Ever, ever, ever, I follow all of these rules. The money's effing gone. It's gone. Plan on it."   Timestamps: 0:00 - Lending Money: Risks and Rules  2:58 - The Importance of a Transaction Coordinator (TC)  4:00 - Ensuring Recourse and Collateral  5:53 - Higher Risk, Higher Reward  10:34 - Recording and Documenting Everything  12:53 - Planning for the Worst-Case Scenario  13:07 - What If Scenarios  13:34 - The Role of Personal Guarantees  14:50 - The Importance of Control  25:12 - Final Thoughts and Key Takeaways    ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast  ► 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: https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=    ► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► 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 

Welcome to a new episode of Get Creative! In this episode, we dive into an insightful conversation with Jim Kwik, a renowned expert on learning, memory, and brain performance. Kwik shares his "limitless model" - a framework that covers the key elements of mindset, motivation, and methods to help you unlock your full potential and achieve your goals. From practical tips on remembering names to strategies for enhancing cognitive abilities, this episode is packed with actionable insights to help you become the best version of yourself.   Highlights: "If you fight for your limitations, you get to keep them."   "Your ability to learn rapidly and translate that learning into action is the ultimate competitive advantage."   "How you do anything is how you do everything."   "What I hear, I forget. What I see, I remember. What I do, I understand."   Timestamps: 0:00 - Introduction and Purpose of the Meeting  03:57 - Upgrading Your Wealth-Building Asset: The Brain 06:33 - The Limitless Model: Mindset, Motivation, Methods 13:12 - The Power of Belief and Self-Talk 20:07 - The Importance of Purpose and Energy 28:40 - The "MOM" Method for Improving Memory 35:02 - The Limitless Model and Personal Growth  39:07 - Practical Tips for Improving Memory  47:21 - The Role of Relationships and Social Connections  47:25 - Conclusion and Call to Action    ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast  ► 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: https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=    ► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► 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 

Welcome to a new episode of Get Creative! Today, your host is Jordan Whittenburg, and he's joined by George Paredes, a Subto leader from Houston, Texas. In this episode, George shares his fascinating background, from struggling in high school to finding success in the military, the post office, and eventually transitioning into real estate investing. He discusses how he got involved with the Subto community, the challenges he faced, and the strategies he used to close a recent wholesale deal in Magnolia, Texas. George's story is a testament to the power of networking, relationship-building, and overcoming fears to achieve success in the world of real estate investing.   Highlights: "Leaving the post office was kind of like a shock value, like, 'Oh, wow. What do I do now?'"   "It's about listening first about what's going on, and then being able to be confident enough to provide those solutions based on what the person on the other end is telling you."   "It's being able to take those challenges Jordan and not settling, which is something I can relate to. And when it feels like, 'Oh no, I need to improve. I need to level up.'"   "I would say just, just, it sounds as simple as cliche, but just like Nike, just doing it and obviously understanding, you know, 'What if this happens wrong? What if this happens wrong?'"   Timestamps: 0:00 - Introduction to the Podcast and Episode Overview  2:00 - George Paredes' Background and Early Life  4:58 - Transition to Post Office and Real Estate Investing  9:13 - Joining Subto and Building Relationships  14:11 - The Magnolia, Texas Deal  16:36 - Challenges and Solutions in the Deal  20:55 - Financial Details and Lessons Learned  23:02 - Expanding the Business and Future Plans  30:13 - Advice for New Wholesalers  31:13 - Final Thoughts and Contact Information    ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast  ► 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: https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=    ► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► 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 

Welcome to a new episode of Get Creative! Your host today is Ingryd Hernandez, and she's joined by Mandy and Keith Konecki, a dynamic real estate investing duo. In this episode, we dive into a unique deal they've undertaken, involving a business attached to a property. We'll explore their creative financing strategies, the challenges they faced, and the lessons they've learned along the way.   Highlights:  "We primarily focus in the Northeast Florida market in Northwest Ohio, but we're becoming more virtual across the country too."   "We wrote up a lease agreement, and it was $5,000 a month that he would pay us, and it was only supposed to be a six month term, and then at the end of the six months, he would pay us $100,000 back."   "We brought in private money. So that's not, we did not bring 400,000 of our own money. That's private money that we partnered on bringing that in."   "We want to make sure we're always protecting our money lenders as well, because those are partners for life."   Timestamps: 0:00 - Introduction to the Podcast and Gator Tribe  2:56 - Keith and Mandy's Background and Market Focus 3:52 - Details of the Unique Deal  15:39 - Challenges and Adjustments in the Deal  17:22 - Lessons Learned and Future Plans  19:23 - Conclusion and Contact Information    ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast  ► 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: https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=    ► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► 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 

Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of creative finance, specifically the strategy of "wraps," with three leading experts from the Subto community. Pace Morby, Alex Kamenetsky, Virgilio (Helio), and Mitch Pomeroy share their insider insights on how they are leveraging wraps to help homeowners avoid foreclosure and create win-win scenarios for all parties involved.  The panelists discuss their unique approaches to networking with real estate agents and loan officers, building efficient systems to handle a high volume of deals, and overcoming industry challenges. They also reveal their plans to further educate and support the Subto community, including a potential foreclosure-focused curriculum and collaborative efforts to dispose of wrap properties. Highlights: "YouTube is primarily for showing you what's possible. It's not really getting you in the game."    "Success is a lousy teacher. The learning curve is where you really learn."    "If you're at a therapy session, your shrink asks questions to get you to speak, not tries to give you a solution in the first 30 seconds of the conversation."    "The learning and helping each other out, it always comes back."    Timestamps: 0:00 - Introduction to the Panelists and Community  1:22 - Background and Journey of Mitch Pomeroy  3:30 - Meeting and Collaboration Among Panelists  7:51 - Introduction to Wraps and Panelists' Strategy  11:30 - Challenges and Opportunities in the Current Market  15:09 - Community Engagement and Support  54:44 - Future Plans and Collaboration  52:57 - Conclusion    ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast  ► 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: https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=    ► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► 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 

Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of creative real estate finance with Pace Morby, a seasoned investor and educator. Pace shares his insights on navigating the challenges of working with buyers and sellers, the importance of understanding creative finance, and the strategies he uses to mitigate the risks associated with the due on sale clause. From the intricacies of sub-two deals to the power of executory contracts, this episode is a must-listen for anyone looking to take their real estate investing to the next level.   Highlights: "Buyers are liars, sellers are worse."   "I knew the seller right from the get-go was lying to us and trying to shop multiple offers."   "The way to completely annihilate and remove and mitigate, not even mitigate, completely remove the risk of the due on sale clause is you can do what we call an executory contract."   "Welcome to this business. You might have to be teaching agents and the sellers, and ultimately that lead ends up closing with a different buyer."   Timestamps: 0:00 - Buyers and Sellers in Real Estate  1:08 - Understanding Creative Finance  2:08 - Background on the Deal  3:09 - Fund and Investment Structure  4:41 - Challenges with Time Horizon and Fund Model  6:10 - Introduction to the Squad Up Summit 7:39 - Discussion on Due on Sale Clause  8:41 - Two Ways to Handle Due on Sale Clause  12:05 - Insurance and Due on Sale Clause  17:34 - Executory Contract Explanation  25:12 - Advice for Sellers and Buyers  30:52 - Conclusion and Final Thoughts    ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast  ► 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: https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=    ► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast    ► 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

Welcome to a new episode of Get Creative! In this episode, we are joined by Eric, a member of the sub two community, who shares his insights on wholesaling and the financial benefits of Subto deals. We break down a successful deal, discussing how to maximize profits through strategic investments and tax advantages. Tune in as we explore the nuances of real estate investing and how anyone can start making money in this space. Highlights:  "It's not about what you make; it's about what you keep." "When something bad happens on my property, I think about it as putting money into my property rather than giving it to the IRS." "You might make good cash flow, but if you’re not keeping it, what’s the point?" "The biggest benefit of these deals is the depreciation for tax purposes."   Timestamps: 00:00 - Introduction to the Episode 01:30 - Overview of Subto Deals 05:15 - Eric's Journey into Real Estate Investing 10:45 - Breakdown of a Successful Subto Deal 15:30 - Understanding Depreciation and Tax Benefits 20:00 - Calculating Cash Flow vs. Tax Savings 25:45 - The Importance of Asset Ownership 30:00 - Analyzing Market Appreciation Rates 35:30 - Loan Pay Down and Its Impact on Wealth 40:00 - Final Thoughts on Investment Strategies ► 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 

Welcome to a new episode of Get Creative! Today, we're diving deep into the world of creative financing in real estate. In this episode, we explore how to evaluate creative finance deals, using a real-life case study from Maricopa County. We'll cover everything from understanding seller motivations to managing tenant issues and analyzing cash flow. Whether you're a novice or experienced investor, you'll gain valuable insights into making creative financing work for you. Let's dive in!   Highlights: "Understanding seller motivation is crucial in creative finance." "If inflation is 7% a year, your capital is deteriorating at that rate." "Cash flow isn't just about rent; it's about managing overall expenses." "Creative financing allows you to help sellers while building your portfolio."   Timestamps: 00:00 - Introduction to Creative Finance Terms 00:20 - Call with Armando Padilla 01:00 - Analyzing Monthly Payments 02:00 - Discussing Seller Motivation 03:00 - Evaluating Tenant Issues 04:00 - Understanding Arrears and Legal Fees 05:00 - Negotiating Assignment Fees 06:00 - The Importance of Transaction Coordination 07:00 - Cash Flow Analysis 08:00 - Benefits Beyond Cash Flow   ► 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 

Welcome to a new episode of Get Creative! In this episode, we dive into the inspiring journey of a former Ford employee who transitioned into real estate investing. We discuss the challenges faced during the 2008 market crash, including cash flow issues and the importance of creative financing strategies. Tune in as we explore how persistence, education, and adaptability can lead to success in the ever-changing world of real estate.   Highlights: "Reading over 100 books on real estate investing changed my perspective." "When the market crashed, I had to reinvent myself entirely." "You create opportunity; you don't wait for it." "The lessons learned during tough times are invaluable." Timestamps: 00:00 - Introduction to the Journey 02:15 - Early Career at Ford Motor Company 05:30 - Discovering Real Estate Through Education 08:45 - Transitioning into Real Estate Investing 12:00 - The Impact of the 2008 Market Crash 15:20 - Understanding Cash Flow Challenges 18:10 - The Importance of Creative Financing 21:00 - Lessons Learned from Failure 24:15 - Strategies for Reinventing Yourself 27:30 - Conclusion and Final 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 

Welcome to a new episode of Get Creative! Today, host Ingryd Hernandez sits down with Keith & Mandy Konecki, two active members of the Subto community. The trio explores a unique real estate deal involving creative financing, private lending, and lease options. Keith and Mandy share their journey, insights into structuring deals, and lessons learned from navigating challenges. Whether you’re new to real estate investing or an experienced pro, this episode is packed with actionable advice and inspiration! Highlights: "Creative financing is about solving problems and creating value for everyone." "You can’t grow a business if you don’t have the materials to sell." "Good relationships with lenders and attorneys make creative deals possible." "Pivoting and keeping communication open is key when things don’t go as planned." Timestamps: 00:00 - Introducing Keith & Mandy Konecki and their focus on creative financing 03:04 - Exploring their real estate market and investment strategies 04:02 - A unique case involving a house and a business 06:33 - How they used a lease option to secure the deal 08:23 - Adjusting the timeline and terms to adapt to challenges 10:17 - Insights into maintaining boundaries in business 13:25 - Helping a business owner meet demand with creative financing 15:40 - How they structured the deal to secure investor confidence 18:47 - Discussing creative real estate investments and lending 21:13 - How to connect with Keith and Mandy for collaborations ► 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