If anyone doesn't re-watch this 10 times and take notes and then fully research every second of the show, they will 100000000000% miss out! Amazing show wow!
Pace is a madman. A true entrepreneur. Big banks and the U.S government's worst enemy - a creative entrepreneur taking money out of their pockets. Keep rockin man.
You've gotta get Pace Morby back. Pace is a amazing person and I am a subto student and his community is the best I have ever been in. I have purchased different coaching programs but subto mentorship is the best.
This is the one of the best bigger pockets podcast. Pace is really something special, with how he is influencing the real estate community. So many 💎 💎 of knowledge.
This Bigger Pockets episode was indeed mindblowing! 1. Subject to insurance. 2. Due on sale remedy: lease option with the purchase price being the loan balance. 3. Down payment installment agreement as part on the Note. 4. Give seller their retail price with investor's terms. ONE QUESTION 1. On the 36-pad mobile home sale that Pace bought for $600K, no down, no interest. Why would the seller take $4,500/month from Pace's lease option when the seller was already pulling in $15,400 a month in mobile home tenant land lease payments? Thanks!
That's a good question. I can only assume it's because the seller was tired of managing the property, perhaps was older and wanted to just enjoy life and stop being invovled in anything directly. Deals like this are gems, but they only seem to work with the right seller under the right circumstances.
This episode goes full circle for me. During the pandemic I found BiggerPockets and love to listen to Brandon Turner, even bought his books. It opened up my mind to investing and I found Pace in my quest for more info. Now I'm a student of Pace's and it's changing my life. Pace is the real deal!
Yes! Exactly my thoughts. Found BP Summer of 2020 and first heard about Pace earlier this year and now a SubTo student and learning so much from this community and the man himself. A true go-giver!
I don’t understand how this episode doesn’t have at least 500k views. Pace is the real deal. Joining the subto community is by far the best decision I’ve ever made professionally. Hope this encourages people to look into what it’s all about. Cheers from Eastern WA.
You made me yell "seriously!!" When Pace offered to play the call, which would have been perfect because he is literally explaining it, and it would have driven it home. Brandon: "No, let's put it in the show notes." He really thought it was important for people to hear; you are interviewing him but don't want to hear what he felt was really important in that moment. You might hear tons of calls, but we don't always. And for some of us, it will be hours before we can come back to this at the end of the day when the idea is no longer fresh in our minds. Please don't do that again to a guest. If they repeat themselves about something to share, they obviously feel it is of great importance. Let them share it.
Pace and his community is a game changer for new and old investors. The entire community goal is to help investors solve problems EVEN if they are NOT in the community. You can bring Pace on 100 times and you will always get numerous mind blowing nuggets. No Hype...PERIOD
Pace is a go getter personality! He is not only a good person but care to each single student from no body to somebody! Now I am in his mentorship program and loving it! I know if i fail i fail forward because somebody like Pace got my back in his community!
This upload has been eye-opening! Right when I thought I might have to wait to qualify for a mortgage, I find this video! I am trying to purchase a short-term rental, and I am desperate to get into the world of real estate investing, but I didn't want to use hard money and couldn't find a private lender that would help without at least 20% down! Amazing that Pace can amass such real estate portfolio mainly using seller financing.
Pace is amazing! I’ve personally bought 5 properties using the information I gained in his mentorship, and it’s just the beginning. The subto community is all about helping sellers, investors and especially people in the subto community he has built. He is the ultimate go giver!
Any chance you could explain how you would BRRRR a sub-to? I have an opportunity I’m thinking of using it on and I’m stuck on two things. 1) how do the realtors get paid in this strategy?(if they do) 2) if you end up not being able to sub-to and instead have to contract for sale. How do you regain ownership before refinancing? Or do you plain not BRRRR a sub-to?
What i love about Pace is that you can even make money from his free community … and what you are paying for is to be inside his aay to community !! This is gold !! He give sooo much info gor free tho !!
I’m so glad I stumbled across this channel!!! I ignorantly thought that one of these ideas was original to me, lol. Hearing some details gives me the confidence to actually do it, now! Thanks guys! Thanks for sharing advice without charging us for every little script, program, deal, etc. it’s a great way to create loyalty from those of us who care about things like integrity, values, hard work, etc. I love all you guys!!!
I read this book in june 24 and now I. July I m reading it for the second time . Probably will read 3rd time immediately after that .. He and Jerry Norton both are genius when it comes to creative finance .. funny that whatever he is saying I can understand (thanks to his book) .. And I m planing to start my real estate joinery in the US (as I live outside the US) with creative finance (God willingly) all virtual .. Pace .. love u man .. God bless u .. Ibrahim
low income $1129,00. My desire is to work creatively and make money doing real investment. I’m 73 young, need update.my income. The man Pace is what I want to do. Please help me to know ways to think creatively. and pray my demons. away. Such as no money, will take time, for me to old.. I love helping people my past jobs
My career in the past was housing development and sale properties., a nanny,, real estate person.years ago. it’s hard for a black woman to get more involved but it can be none. Please contact me ASAP thank you. Selma Johnson-Jackson
Subto guys are actually doing deals , these other “gurus” probably blow through 500 leads a day and wholesale 2 deals a month where a subto master would have 100 deals from the same leads. They really are a different breed, I’m in the middle of my first one now
Man!!! You got me pumped!!! I just paused it to grab a pen and pad. I've been following him for a long time now.I have a phone call set up tomorrow at 6 pm with one of his recruiters to sign me up for his accadamy.!! Wow!! I don't even know if I'll sleep!
I did ask my escrow officer about the due for sale clause because I was little concerned for the seller finance deals I had with clients in the past that does has ongoing mortgage on it. He did say that All-inclusive deed of trust is violation of due on sale, but only Fha loans usually check. In case the clause is activated you can switch to contract for deed and bring the property title back to the previous onwner until the loan is paid off and usually solve the issue
As a Retired U.S. Marine, I have been a part of an organization that takes care of its own but I must say the Pace Morby and Subto are the best community out there when it comes to having your back and taking care of each other. I have met some amazing people and I can't wait to do big things with you'll. Pace Morby has changed my thought process on how much I can achieve in life if I have a network of people that want the same success.
This is the best biggerpockets episode I’ve seen. Amazing info especially on seller financing and I love pace’s humility. I’m really excited to learn more about this!!
The knowledge that was talked about in this episode on subject-to and creative financing is absolutely frickin brilliant. The creative problem solving is spot on. 👌 I almost was going to skip this one. This one made me opt-in for the 4 month youtube download. Seriously NO BS.
Love it. 1 question though, with seller financing, what happens if the seller passes away. Do payments continue as they did before and just go to the seller’s heirs? Thank you! Great content here guys! 🔥
Pace did a $3 Million deal, and they wrote in the contract that the sellers kids would get paid after he passed. So I would think that it would have to be in writing.
I thought the Subject 2 part was brilliant, but when he started in on his rationale for seller-financing, I was stunned. It's not easy to surprise me, but the F150 story BLEW MY MIND. This guy is a genius.
F150 story is crap, who the hell would do take payments for a truck double the value, i would have said i would you take payments for 5k cause thats what it's worth
I am so impressed at this guest, the humility of all you guys(thats not uncommon), and I am super crazy excited about the knowledge I have been given!! Thank you Thank you Thank you- My life will never be the same, my “dead ends” are now open doors! This is great stuff
thank you for the recommendation. I just started making profits now from the platform. I started my account with a small capital. I will definitely add more.
Pace is one in a billion. There is no one in the industry that gives more, provides more value, and has a bigger heart! Not to mention he is walking the walk and building a massive business that most gurus can only dream of. He changed my life in ways that cant be measured and I am beyond grateful.
These podcasts have helped push me from thinking about to taking action. You guys are awesome for doing what you do. I can only hope to reach the level of success to do the same one day. I listened tot he podcast in the car and oddly enough without evening know it, you talked about a scenario that I am actually part of right now. I didn't even realize that I could structure a subject to deal and that's the exact scenario I'm in the middle of. In the show you mentioned Due on Sale clause insurance. But didn't mention the companies that could protect that clause. You mentioned some other strategies to overcome a due on sale clause being called upon. But I called a lender to see if she had ever heard of strategies to help overcome Due on Sale and she had never heard of it. I want to make sure that I'm prepared when because this is going to become my first investment deal and if it falls back on me I don't have the money to overcome the dreaded clause. Can you go into a little more detail on overcoming that clause when doing a subject to? Or could you help point me in the direction of how to find the insurance companies that help protect against the clause? Keep doing what you guys are doing. I'm a huge fan!!!
Incredibly frustrating that nobody has bothered to answer this in over a year. I, too, have looked for companies to give me a policy and just get laughed at. Does anybody know of a company that actually does write this type of policy???
12:54 David’s comment…unreal how true this point he makes. This is an extremely significant topic rarely discussed. It’s common when growing a business, it’s a leadership lesson.
Hey I plan to start investing in the next 2 years because most mortgage lenders want to see two years of W2 but I was wondering if I buy the first investment with an LLC the requirements won't be the same right? ?
Newbie here. Very impressed thus far for sure. Question.... how is either protected if the other party fails to make payments Subto or seller finance deals. Sorry... owned property way back and collecting rent about put me under!
Pace is an amazing mentor and a true leader in our community. I joined subto a year and a half ago and it completely CHANGE MY LIFE. I am forever thankful. I am so happy for BP to have Pace on the show to show the world what an amazing human he is. BP you need to get Pace come back and pour more knowledge to the world and help more people!
Pace is awesome. His mentorship is dope. But the biggest thing that He's created is the SubTo community. I've been a part of many classes, mentorships, courses. I learned something from them all-- but the community. Giving. Helping OTHERS. Growth mentality. AWESOME!!!!
Am I the only one that noticed a mistake? In the first example, Pace said he bought a house for $372,000 with only $2,500. He did a Subject-To, which means the mortgage remained in the Seller's name. But that doesn't make sense because Pace said the whole reason the guy was selling is because his debt-to-income was too high and the bank wouldn't let him hold two mortgages. So how did a sub-to help his DTI if he's still carrying the note? it just doesn't add up. Before anyone gets ugly, I've used seller financing for 17 rentals and fully support what Pace is pitching.
When are we getting Pace Morby back? I've known Pace for 1.5 years & am a a student in his Subto Mentorship. I can easily & w/o any hesitation say it is way more than a Mentorship & unlike one I've ever been a part of! First, it far exceeds anything I've ever experienced in terms of content & value -- but the real value of the Mentorship is in the community, family & friendships! I/we could not do what we do w/o this family! This family helps & supports one another to ensure we all learn and grow -- both as people, Go-Givers and investors -- and that's really what it's all about. Pace, and every Subto Student -- Thank you!
This is a great show. I have one question. If sellers are concern about your ability to pay for the mortgage? What would you do? I dont hear about that in the conversation
Pace is a go-giver and is creating a community of leaders. I am a Subto student and I know I made the best decision in joining this mentorship. He not only is full of knowledge in REI but he literally saves lives… one of our family members (subto-student) by the name of Page was scammed by a fake mortgage lender for 15k and Pace jumped in and gave it back to her out of his own pocket… Why would he do this? Because he cares about his community… !!! We love Pace! Bring him into another episode!!! #Subtoforlife😎✌🏼
Pace Morby has created a community! His mentorship goes beyond real estate. Every aspect of my life has improved from being a part of what Pace has created. Biggest go-giver ever. Truly my role-model.
This conversation is literally GOLD. Start with the end in mind this is crazy good. I am the person to GSD and to hand off is going to be hard but I need to write down the job tasks and in the end who to delegate this to and when.
