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Get Creative with Pace Morby

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Dec 19, 2024 • 32min

Rinda Emick's Approach to JV-ing with Agents and Investors

Welcome to a new episode of Get Creative! Today, your host is Justin Tuminowski, and he is joined by Rinda Emick, a top transaction coordinator who has been JV-ing with real estate agents and investors to structure creative deals. In this episode, Rinda shares the story of how she helped an agent close a unique deal involving a USDA loan and a contract for deed structure to accommodate the needs of the buyer and seller.   Highlights: "We have to think outside the box, right? We have to get our VIPs involved. We have to get the attorney and just ask some questions, what's the best structure?"   "This is something where sometimes the seller, this is what they need, like, this is that last little piece of what they need to feel really confident and comfortable with moving forward with a creative structure."   "It's not my go to first always way of doing creative deals, but it is. It is definitely like a way to make that seller feel a little bit more secure."   Timestamps: 01:26 Introducing Rinda Emick and Her TC Business 05:51 Navigating the Brokerage's Restrictions 07:50 Rinda's Approach to JV-ing and Structuring the Deal 10:00 Consulting the Buyer and Seller on the Structure 14:17 The Flexibility of Contract for Deed Structures   ► 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 
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Dec 18, 2024 • 22min

Transforming Underperforming Assets with the Sub-To Fund

Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of multifamily real estate investing with the team from the Sub-To Fund. You'll learn about their unique approach to acquiring and transforming underperforming properties through creative financing strategies, value-add improvements, and a focus on community-centric asset management. The discussion covers the details of a recent 160-unit acquisition, including the purchase price, financing structure, and plans for adding value to the property and improving the lives of the residents.   Highlights: "We are the Avengers of multifamily, and we put them all together."   "The market will determine the exit strategy based on what other maybe a big REIT or a higher level institutional buyer comes along."   "We're building the community for the residents. We're building the community for these buildings themselves, and we're improving the whole market that it's sitting in."   "When you go to buy a business, what's the most important thing, the bottom line, right? So if it's not a profitable business, no one want it."   Timestamps: 0:00 Acquisition of the 160-Unit Deal  1:37 Value-Add Strategy and Community Focus  2:19 Purchase Details and Seller Financing  4:17 Investment and Value-Add Costs  8:14 Renovation Plans and Resident Feedback  12:58 Operating Expenses and Insurance Benefits  17:16 Investor Returns and Creative Finance  18:57 Invitation to Invest and Community Impact    ► 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 
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Dec 17, 2024 • 28min

From MMA to Real Estate: Peymon's Unconventional Path to Success

Welcome to a new episode of Get Creative! In this episode, host Ingryd Hernandez sits down with Peymon Hashimoto, a real estate investor who has found success in subject-to deals and wraparound mortgages. Peymon shares his journey, from starting out in traditional real estate investing in Idaho to expanding his business nationwide, with a focus on Georgia. He discusses the importance of mentorship, the cultural influence on his negotiation skills, and the benefits of passive income through creative finance strategies.   Highlights: "I actually did a subject-to wraparound deal in Georgia."   "I was a traditional investor since 2010. I built up a list of people I used to call or email and just say, Hey guys, I got a new rental, long term rental."   "There's so many ways to make money in real estate. I think the best place to start is to get to know who you are and let that be your guiding North Star."   Timestamps: 0:00 - Introduction 01:20 - Overview of a Subject To Deal in Georgia 03:00 - Previous Experience Before Joining the Community 05:03 - Cultural Perspectives on Negotiation 10:33 - Mortgage Details Explanation 14:03 - Future Opportunities in the Georgia Market 21:53 - Introduction to Subject-to Deals and Mentorship  22:34 - Peymon's Experience with Wraparound Mortgages  24:28 - Peymon's Future Plans and Investment Focus  27:05 - 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 
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Dec 16, 2024 • 25min

Building Connections in Real Estate with Keshawn Rasband

Welcome to a new episode of Get Creative! In this episode, we are joined by Keshawn Rasband, who shares his inspiring journey into real estate investing. Keshawn discusses his first deal, the importance of taking action, and how being part of a supportive community has transformed his approach to creative financing.   Highlights: "Taking action is the key to unlocking your first deal."   "Being part of a community helps fill the gaps in understanding."   "Consistency is crucial, even when motivation wanes."   "Identify your avatar to align your actions with your goals."   Timestamps: 00:00 Introduction 01:06 Meet Keshawn Rasband 02:29 Keshawn's First Deal 05:39 Overcoming Initial Inaction 07:51 Joining the Sub Two Community 09:45 Identifying Your Avatar 12:10 Connecting Money and Deals 16:11 Taking Action Steps 18:29 Keshawn's Journey and First Deal 19:00 Building Relationships and Closing the First Deal 20:48 Lessons Learned and Future Goals   ► 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 
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Dec 15, 2024 • 13min

The KPIs of Successful Door Knocking

Welcome to a new episode of Get Creative! In this episode, we dive deep into the key performance indicators (KPIs) and metrics that drive success in pre-foreclosure door knocking. Michael Franke, a seasoned real estate investor and YouTuber, shares his insights on the numbers you need to track, the expectations to set, and the strategies to implement for maximum impact.   Highlights: "100 doors before I can complain that I haven't gotten a deal."   "You have to hit them at different times. So don't expect that you go to a house one time and you're going to contact that person."   "You can go out here and put this strategy into place. Make more than that in a month, your first door knocking deal."   "If you set the stage the right way, develop that relationship, and you know you're that trusted advisor character, they're not canceling on you most of the time."   Timestamps: 0:00 - Michael Franke's Foreclosure Door Knocking Strategy  1:20 - Setting Realistic Expectations for Door Knocking  3:07 - The Importance of Persistence in Door Knocking  4:29 - Converting Door Knocks to Appointments and Deals  7:31 - Following Up and Increasing Deal Volume  8:40 - Average Profit and Escrow Issues  11:42 - Key Performance Indicators (KPIs) for Door Knocking  ► 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 
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Dec 14, 2024 • 1h 8min

Secrets to Buying Businesses in 2025 with Codie Sanchez

Welcome to a new episode of Get Creative! Today, we have the pleasure of welcoming Codie Sanchez, the author of the highly anticipated book "Main Street Millionaire." In this episode, Codie shares her secrets and strategies for buying businesses in 2025, providing actionable advice and real-life examples to help our listeners take their entrepreneurial journey to the next level.   Highlights: "The best way to learn is through community and live experiences."   "There's no such thing as a good business. There's a good business for you."   "The faster you move, the bigger your bank account, the sooner you start."   "Attention goes, your energy flows. That's how money is made."   Timestamps: 00:32 - Why Codie Wrote Her New Book 07:03 - Getting Started with Buying a Business 10:20 - The Importance of Taking Action 12:07 - The Hidden Pain Points in Businesses 15:20 - Acquiring Businesses with Partial Equity 21:21 - Community Support and Future Plans  37:27 - Q&A Session with the Audience  56:47 - Final Thoughts and Encouragement  58:21 - Codie Sanchez's Business Marketplace and Community Investment  1:01:12 - Announcement of SVIP Ticket and Multi-Family Property Challenge  1:03:50 - Details of the Multi-Family Property Challenge    ► 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 
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Dec 13, 2024 • 32min

From W2 to Real Estate Success: Lance Villarreal's Journey

Welcome to a new episode of Get Creative! In this episode, we feature real estate investor Lance Villarreal, who shares his inspiring journey from a traditional job to becoming a successful full-time investor. Lance discusses his experiences in the Subto and Gator communities, the challenges he faced in his early years, and the importance of focusing on one strategy to achieve success in the competitive real estate market. Highlights: "It's easy to get shiny object syndrome when there are so many strategies available." "If you can pick one strategy and really focus on it for 90 days, you'll discover what works for you." "Community collaboration is key; it's about helping each other succeed." "Capital raising is a skill that can benefit you in any aspect of business." Timestamps: 00:00 Introduction and Guest Welcome 03:30 Lance's Journey into Real Estate 07:15 Transitioning from W2 to Full-Time Investing 11:45 Challenges and Perseverance in Real Estate 15:20 Advice for New Real Estate Investors 19:00 Building Relationships and Finding Success 22:30 Transition to Transactional Lending 25:45 Successful Transaction and Return on Investment 28:10 Importance of Consistency and Hard Work 31:18 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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Dec 12, 2024 • 31min

Unlocking Creative Financing: A Deep Dive into Subto Deals

Welcome to a new episode of Get Creative! In today’s episode, host Karolyn Briley is joined by real estate investor Phillip Warrick. They dive into the intricacies of creative finance, focusing on a compelling Subto deal in LaPorte, Texas. Phillip shares his journey in real estate investing, the importance of community collaboration, and valuable insights on navigating motivated seller situations. Highlights: "Real estate is local; you can build a multi-million dollar empire in your own market." "The Subto community has everything; I don’t have to go outside to get high-level training." "When we can solve more problems for sellers, the more likely we are to get the deal." "I started my journey with a home study course on buying houses with no cash and no credit." Timestamps: 00:00 Introduction 01:12 Guest Introduction: Phillip Warrick 02:06 Overview of the LaPorte, Texas Market 03:04 Phillip's Real Estate Journey 04:58 Starting in Real Estate at Age 21 05:17 The Importance of Local Market Knowledge 07:09 Discovering Gator Community 09:00 Transitioning into Subto Community 10:56 Origin of the LaPorte Deal 13:27 Breakdown of Numbers and Financing ► 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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Dec 11, 2024 • 36min

Scaling Your Business Without Losing Profit

Welcome to a new episode of Get Creative! Today, we have David Richter, a highly regarded expert in financial management for real estate investors and author of the influential book Profit First. In this episode, David discusses the critical financial strategies that can help investors manage their money effectively, avoid common pitfalls, and build a profitable business. He shares his journey in real estate, the inspiration behind his book, and practical tips for managing finances as you scale your business. Highlights: "Bookkeepers track; CFOs strategize." "You don’t need a CFO when you’re brand new." "Scaling to oblivion is a common mistake." "Understanding your numbers is crucial for success." Timestamps: 00:00 Welcome to the Get Creative Podcast 01:06 Introduction of Guest: David Richter 02:30 Overview of David’s Company: Simple CFO 03:58 Inspiration Behind Profit First 05:21 David's First Real Estate Deal Experience 07:05 The Importance of Financial Management 09:14 Common Financial Pitfalls in Real Estate 10:15 Transitioning to Better Financial Practices 12:14 Addressing the Epidemic of Financial Illiteracy 14:30 Closing Thoughts and Resources for Listeners ► 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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Dec 10, 2024 • 31min

The Power of Networking in Real Estate Investing

Welcome to a new episode of Get Creative! Today, we have Gregory Crane, a member of the Gator Tribe and the Subto community. In this episode, Gregory shares his journey into real estate investing, highlighting a successful private money partnership deal he executed in Knoxville, Tennessee. He discusses the importance of networking, creative financing strategies, and how collaboration within the community has helped him thrive. Highlights: "Networking is key; meet as many people as you can." "A wrap exit allows buyers to bypass traditional mortgage hurdles." "You can get paid three ways in a wrap deal: at closing, monthly cash flow, and upon sale." "Resilience is crucial; not every deal will go smoothly." Timestamps: 00:00 Introduction 01:06 Introduction of Guest: Gregory Crane 01:41 Gregory's Background in Real Estate 03:58 Importance of Networking in Real Estate 04:26 Understanding Wrap Exits and Their Viability 06:24 The Buyer’s Situation and Deal Structuring 07:23 Marketing Strategies for Finding Buyers 11:02 Role of Transaction Coordinators in Deals 13:18 Growth Through Community Engagement 15:03 Resilience in Real Estate Investing ► 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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