Wow. The Morby method is quite ingenious. It's amazing that if we just look at the problem to be solved, one can always find a solution sitting there waiting for us to use it. Thanks
I really enjoyed this video, and learned a lot from pros. Taking the seller on by collateralizing security interests to pay back like an installment loan is so mind opening. Mind blown
Thank you both. Clint I love your channel- pace it’s very refreshing to see a successful person who wants to share his/her life lessons for the benefit of others. Thank you from a broke ass struggling dreamer with 4 kids. I have NO social media footprint but that changed today. I will watch and listen to best of my ability I thank you so much for offering your experience and knowledge to those of us who are struggling. I’m a fan. Good luck snd snd may God almighty continue to bless you, your family and your business. Clint-I love your channel but “sell it”? Come on bro did you need to make a profit on absolutely everything. Good bless guys. Thank you for sharing
A huge mahalo and great appreciation to you both. Ive been following your expertises and guidance for a while and am extremely gratefull for your sharing of knowledge and experience. True genuine people and teachers.
Clint thank you so much for having Pace on your video. I have seen so many of his videos and I have to say by far this is the best one that he's done in your interaction with him was just great he mentioned an ebook do you have a link that I would be able to download it. Thank you for your time
I would love the E-Book! I’ve watched both episodes with Pace & you guys are epic!! I am going to start doing this in Austin, Texas once I feel I have the right amount of knowledge!
On the Morby method, why wouldn't you just set up a line of credit agreement based on the terms and the seller filing a UCC1.? Then the seller is protected and the LLC is protected.
I want the knowledge, not the money the money well last a minute the knowledge well last forever, I have no money but but need this more then anything, I never trusted anyone but would love to give this a try
I’m a newbie here and get the concept but when Pace shares that he gets. HML lender for the 80K, don’t you need to put down a percentage of the deal? Every HML I have talked to, especially since I’m new, want 20-25 down. How are you doing this deal without any money down?
Usually the lender gives you 80% of the purchase price and the money down in the rest 20% that you pay from your pocket. In this case the seller himself puts in the remaining 20%. For you that will be also a loan (seller financing), but that's kind of not disclosed to the lender of the 80% in this scenario. So to them it appears as the 20% is provided by you (the buyer).
Hey Clint. Do you already have a video that covers: Under an anonymity structure, utilizing a Wyoming Holding LLC - What is the difference between having another WY entity outside (not held by the holding LLC) vs if it is under the holding LLC. Is there any difference? Maybe tax wise it doesn't 'pass through'??
@@ClintCoons thank you. I watched it a few times, great info. I am still not clear if there is a difference to having a WY LLC outside the holding company VS under the Holding LLC (if both are created in WY). Would there be any benefit one way or the other or any difference at all?
@@AberrantArt Only from a tax standpoint. If the outside is disregarded and you want to keep it under the other WY LLC treated as a partnership then it makes sense to nest it.
@@ClintCoons right now my Holding LLC is manager managed and just me, no partner. I thought of creating an entity outside the holding LLC to use for business credit. Just not sure if it's better out VS under the Holding LLC
