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Explaining a Deal Step by Step to a Beginner | Live Training 

Pace Morby
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Welcome to our latest Real Deal, where we take you on a journey to see how we acquired a great real estate deal. In this episode, we randomly met a subscriber who was a QT worker and had never done a deal before. We decided to invite him to join us to see a house and take the opportunity to teach him the process step-by-step, breaking it down for beginners.
Join us as we discuss the ins and outs of real estate deals, share tips and tricks for success, and provide valuable insights for anyone looking to get started in the world of real estate investing. Whether you're a seasoned pro or just starting out, this video is a must-watch for anyone interested in real estate.
Don't forget to subscribe to our channel for more great content and updates on the latest real estate news and trends. Thanks for watching!
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a RU-vid video for entertainment purposes ONLY ❎

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10 май 2023

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Комментарии : 346   
@rimaalexanian5563
@rimaalexanian5563 Год назад
This is not a good segment , this is crazy unbelievably detailed session all live. NO Fluff !!!!!!!! Thank you Pace ! cnt wait ...
@Rockstarjennilee
@Rockstarjennilee 10 месяцев назад
AA
@jalabi99
@jalabi99 Год назад
_"You do 10 of these, and you will retire the richest person in your family."_ That hit so hard!! It's time to start finding sub-to deals. LFG!!!
@Ryan_Weideman
@Ryan_Weideman Год назад
This is why Pace is the man! Handing out nuggets of knowledge.
@intentionalinfluence3542
@intentionalinfluence3542 Год назад
That’s awesome you brought the QT guys over. Well done Pace
@nicolasbetker9584
@nicolasbetker9584 Год назад
Met you on the road in Salt Lake this last weekend, and this continues to be the most valuable content in my feed! Pace, you the man!
@williamking5155
@williamking5155 Год назад
I am so ready to partner up with someone from the Pace Team.... Good name Huh ?.... "The Pace Team" I wont even charge for that !
@rtuck27
@rtuck27 Год назад
Also in salt lake!!
@kp_hoodyheavy4847
@kp_hoodyheavy4847 Год назад
This is a phenomenal video, appreciate you taking this time to explain and showing us how you do it. You and your team are so great for so many people
@studiooff2946
@studiooff2946 Год назад
bro these cut scenes you guys been using are cracking me up! give your editor a raise :D Great video btw
@ChanelleLockhart
@ChanelleLockhart Год назад
The amount of wealthy knowledge being shared here is AMAZING!!
@ramoncabrera9571
@ramoncabrera9571 Год назад
Wow!!! Pace is a freaking genius!!!!
@yung_tuber4732
@yung_tuber4732 Год назад
Thank you for being a giver Pace! I'm not a sub to student yet...I've always been afraid of subto because of my lack of knowledge in this area. I've watched tons of your videos, this video alone has answered so many of my action-stopping questions. Thank you and to the fan that made this video more than what you were already going to gift us with! Keep prospering fella!
@rtuck27
@rtuck27 Год назад
It’s time to get into the game! Nothing to be scared of!
@0000pey
@0000pey Год назад
first time watching this videos very helpful I'm struggling to get my own house. That's the best way. Thank you.
@theobis439
@theobis439 5 месяцев назад
Pace Morby, you are a freaking Rockstar! This video is insane. Thanks dude for sharing your wealth of knowledge with the world. God bless you
@DesirableLibra777
@DesirableLibra777 6 дней назад
Thank you Pace the end where you explain the numbers and how to UTILIZE are my favorite parts! I get the concept no doubt but learning how to tr*mp is what i desire. May these videos Return 100 fold!
@ibeeShop-hv3pn
@ibeeShop-hv3pn 3 месяца назад
This is the only video that has answered all of my questions. So thankful i found you pace!!! Thank you God bkess you and your family!🙏
@megancloses
@megancloses Год назад
This was awesome! I heard Pace on bigger pockets yesterday for the first time and I already have a call with his team set up for tomorrow. Unreal how cool subto and seller finance and hybrid deals are. Thank you for this info!!
@ToddieM
@ToddieM 10 месяцев назад
Where r u today? Three months later?
@jordangeddes3498
@jordangeddes3498 Год назад
This is a *great* video. Thanks Pace and everyone involved!
@chlwodud1985
@chlwodud1985 11 месяцев назад
I have to say this is probably the most informative and knowledge based video on youtube. I seen quite a few video like these including Pace's other video but this one.... this one is it! Thank you Pace
@edwinperez9878
@edwinperez9878 9 месяцев назад
I have watched like 18 videos you have and this one is the best one so far. I would be a couple if grand for this!
@deveronhawkins4923
@deveronhawkins4923 Год назад
This is ABSOLUTELY the best and most thorough video on the platform. Big fan!
@zzs9753
@zzs9753 Год назад
Deserves more than 2k likes tbh.
@nechamia
@nechamia Год назад
This video is such a great example of how your clones have beat you to the punch teaching the world and the next gen of real estate masters. Dude picked up some new pearls but had really solid fundamentals better than most agents ;)
@theresatokar6897
@theresatokar6897 10 месяцев назад
Pace, you rock! This is one of the best videos that simply explains how and what you do about buying the house!
@richardmarin2514
@richardmarin2514 Год назад
Amazing lessons and valuable coaching Pace breaking down all the options on the wall was great!!!
@chriscarcich7239
@chriscarcich7239 Год назад
Wow! Another great video with amazingly valuable content! Thank you for doing these videos, they really help a lot. You're awesome Pace!
@brianfox3542
@brianfox3542 9 месяцев назад
This is the best video I have seen you do on this.
@lenak.3020
@lenak.3020 Год назад
This is incredibly valuable! Thank you so much Pace!
@Pennconst101
@Pennconst101 10 месяцев назад
This is GOLD!
@jasunfrone9158
@jasunfrone9158 Год назад
Truly grateful for you Pace!
@kenburgio8070
@kenburgio8070 Год назад
Thank you Pace! This is an AMZING VIDEO!!!!! Much Appreciation!
@jarrettvalentine6777
@jarrettvalentine6777 Год назад
Digital Gold Pace!!!! Thank you! 🙌
@pamwhite6680
@pamwhite6680 Год назад
WOWWW! I SO NEEDED THIS training ! only 2 months in and this gave me a better grip on how it works !!!
@deanedsall7389
@deanedsall7389 Год назад
Absolutely taking as much as possible in ! Loving The Wall Drawing Board !
@davidakers7756
@davidakers7756 Год назад
Pace putting gems out. Can’t stop watching 😮
@idougit901
@idougit901 Год назад
I'm going to have to watch this again and take notes. Such a great video.
@vwoolford1
@vwoolford1 Год назад
Thank you Pace! Continue to be blessed!
@brandithomas1661
@brandithomas1661 10 месяцев назад
So excited watching your video, you break things down sooo well, yout the man!
@Jason-Burk
@Jason-Burk 10 месяцев назад
Pace! Dude! This is exactly what I needed to finally make this a priority. Thank you and your team so much for making this for us.
@richardnortham6817
@richardnortham6817 Год назад
Thank you for sharing! Loved the breakdown.
@thejohnnaccarato
@thejohnnaccarato 5 месяцев назад
This video was phenomenal! The breakdown was next level pace! My wife said you’re the best teacher she has ever seen and I would agree. Sub✌🏻 here I come! Thanks again brother!
@PaceMorby
@PaceMorby 5 месяцев назад
WOW thank YOU! Glad you enjoyed the video
@joecaruso7008
@joecaruso7008 3 месяца назад
First video I've ever seen from you. Amazing demonstration and ability to explain. Thank you!
@therealcalebm
@therealcalebm Год назад
This is golden content here! 🔥🔥💯💯💯
@tfrost08
@tfrost08 Год назад
I FINALLY understand!!! Thank you!!
@jayceehall6483
@jayceehall6483 9 месяцев назад
❤ This video! I mostly appreciate the breakdown in the tax benefit! Thank you, Pace!
@PaceMorby
@PaceMorby 9 месяцев назад
You are so welcome!
@kennethmortonstudios
@kennethmortonstudios Год назад
Amazing!!!!!!!!!!!!! I love you man! These are so so great. You answer questions before people ask them.
@DavidGalconnects
@DavidGalconnects 9 месяцев назад
Solid Info! Thank you Pace!!!
@ilfumattiapascal91
@ilfumattiapascal91 9 месяцев назад
GOLD!
@romi929
@romi929 Год назад
Excellent video!! Thank you 🙏🏻
@vjmceo
@vjmceo Год назад
There are a ton of details left out and incorrect info that people need to understand before doing this and not getting hurt. The math is not mathing. To name a few: 1) 575k loan at 4% is not 2300/mo, it’s $2745/mo. And you need to add taxes and insurance and PMI. Cash Flow is waaay lower. 2) You’re upside down the 45k in expenses plus the amount it’s dropped in value from the start. 3) not being able to rent it long-term and cover the expenses and relying on padsplit which is an unproven model is very risky. If the only rental strategy is short term or mid term rental, you’re taking on a lot of risk, especially with regulation coming fast and hard on Airbnb‘s. 4) The tax write-offs are great and is a real benefit. You do need to understand that if you take all that bonus depreciation upfront and you sell within the first few years, you’ll be required to pay the IRS back. A good strategy would be to do a 1031 exchange, but being forced into it is not ideal. 5) the owner is still on the hook for the mortgage and will unlikely be able to get a loan and purchase a house while this mortgage stays in place. You could be locking someone out from purchasing for 5 to 10 years, they may be OK with it or might be upset down the road when they realize what they did. If for some reason you have to refinance you will likely be at a much higher interest rate, and all cash flow likely goes out the window. 6) the projected appreciation is very aggressive, especially since we’re in a downturn. From 08 it took a decade to fully recover. Never buy a property based on hoping for appreciation, that’s a rookie mistake. The overall concept is good, but with this example, there is a tremendous amount of risk that most people trying to learn, will not understand and can likely get themselves into a lot of trouble. Most people don’t have the money to protect themselves if things don’t work out perfectly. I listed the above to help educate people who will see this as a way to get rich quick with no money out of pocket, that is not the case here. You get rich slowly, and need to consider risk when making investments. I don’t want to see anyone get hurt, learn all the details and be smart about your investing strategy. Good luck.
@vanillasf
@vanillasf 4 месяца назад
This is an amazing video. Everything is laid out in simple terms
@PaceMorby
@PaceMorby 4 месяца назад
Thank you! Glad you enjoyed the video
@Pcoxproductions
@Pcoxproductions Год назад
18:20 places real estate makes money 1. Cash flow 2. Appreciation 3. Tax benifits -> depreciation 4. Paydown->silent savings account. The delta is the ding ding ding dolla bills.
@martinedwards7607
@martinedwards7607 Год назад
Pace, you're a flipping genius, bro 🤔 👏🏾
@jacobsharp9659
@jacobsharp9659 Год назад
Pace! This is fire. Keep dropping huge knowledge bombs bro! 💯🔥
@adrianleung12
@adrianleung12 11 месяцев назад
I just found you last night. I used to listen to Kang but this sounds so much better and sustainable/scalable.
@mrjuannorris_
@mrjuannorris_ Год назад
This is a hell of a great video‼️ Thanks for sharing this
@yasserpepen7431
@yasserpepen7431 11 месяцев назад
Great video breakdown. So simplistic!
@user-ez3ln5pc8c
@user-ez3ln5pc8c Год назад
Insane value in this one video!!! 🔥🔥
@alankalupa7585
@alankalupa7585 Год назад
This is masterpiece video. Very detailed explanation.
@1stchoiceroofing
@1stchoiceroofing 4 месяца назад
Love this! Keep up the great work man 🤙🏾
@Adventurexoutdoors
@Adventurexoutdoors Год назад
Love the content. Iv learned so much from your stuff. In the process now of getting my foundation's in place. Keep up the kick ass content man!
@LivingLaVidaD
@LivingLaVidaD 11 месяцев назад
Pace! You are so amazing!! Me and my sister watch you and it is a dream of ours to make deals like this every day. Love the content and knowledge you bring, the way you break it down, respect. The community/network you're building is astounding and is helping so many people. Stay awesome!
@thestabilizer9478
@thestabilizer9478 10 месяцев назад
Pace, you're a true blessings. Thank you and God bless you and your family
@Pcoxproductions
@Pcoxproductions Год назад
12:18 exit 1. Rent, 2. Airbnb, 3. Midterm Rental -> als solutions 4. Pad split 15% -> rent by room.
@TranquilityChronicles
@TranquilityChronicles Год назад
OMG this is such a great video!!! it is getting me so excited to subto!!!
@erickflores-9
@erickflores-9 Год назад
Brooo this is super great stuff thank younso much pace greatly appreciated man will get into action asap
@rochelledivinelitehoward4789
Great information! Thanks!
@matchlessmaintenanceandmor9509
Love this stuff
@stephenspataro5391
@stephenspataro5391 3 месяца назад
Best real estate video ever. Thanks
@Only1Incognito
@Only1Incognito Год назад
SO MUCH GAME !
@handymanjeff
@handymanjeff 11 месяцев назад
AMAZINGLY BROKEN DOWN, I AM ON IT.
@mikeison7649
@mikeison7649 Год назад
Great video!!
@waynewintermute3869
@waynewintermute3869 Год назад
Great information! Pace is on pace!
@bhernicebarlow3289
@bhernicebarlow3289 Год назад
Great video! Completely awesome!
@nickbrocato3310
@nickbrocato3310 Год назад
Hey Pace, I have been an investor for 25 years and I love the way you explain things!!! . I am familiar with Straight Line depreciation. My CPA cant find anything on the 7 year depreciation. Can you give me the info from the IRS on where to find it?
@lexcampaldini4980
@lexcampaldini4980 Год назад
Sheesh. Way better than a college education - Thanks for the breakdown! Super excited to continue to learn from you.
@henrymena12387
@henrymena12387 11 месяцев назад
This is amazing man will be joining you soon
@landrichplus
@landrichplus Год назад
Thanks Pace, I learn a lot
@BarDav88
@BarDav88 Год назад
Amazing!
@ca44gmail
@ca44gmail Год назад
This is amazing. Blows my mind on how we can buy a house.
@yourpathwaytohealth9494
@yourpathwaytohealth9494 Год назад
Great video breaking this down!
@DavidCorrea94
@DavidCorrea94 Год назад
This was an amazing video!
@thomasedible7419
@thomasedible7419 Год назад
Best video ever❤❤❤
@anthonykence9954
@anthonykence9954 Год назад
The deal he did is brilliant
@raulvargas352
@raulvargas352 Год назад
this is gold!!!!
@Followtheleaders
@Followtheleaders 10 месяцев назад
Good stuff!!!❤
@mehmetidristv
@mehmetidristv 7 месяцев назад
One of the best explanation on RE crazy good
@marcusjaghammar8531
@marcusjaghammar8531 Год назад
Great Video!
@shashankkaul7747
@shashankkaul7747 17 дней назад
Wow this is amazing 🙏✌️
@yolandamontgomery-fm8gp
@yolandamontgomery-fm8gp Год назад
Woooow!!!! Its Yoli Monty señor Pace!!! GRACIAS!!!
@ianmcveigh1754
@ianmcveigh1754 Год назад
Great video Pace
@brownj83
@brownj83 Год назад
Awesome video!
@chrishuxtable128
@chrishuxtable128 Год назад
Can't wait to see the break down on padsplit. I actually have been running my own pad splits through my rental arbitrage and now my own home here in Chicago for the past 7 years.
@zacharywatson6742
@zacharywatson6742 Год назад
Love the breakdown Pace! How is Padsplit doing as a management company? Seems like 9 tenants in 1 property could get wild
@derekwhitten6817
@derekwhitten6817 Год назад
great video pace 🎉
@nandingpanelo
@nandingpanelo Год назад
Nice, thanks Pace and community I learn a lot
@PaceMorby
@PaceMorby Год назад
Glad to hear it!
@Pcoxproductions
@Pcoxproductions Год назад
11:05 exit strategy-> monetization strategy
@benny123259
@benny123259 4 месяца назад
Pace I’m all ears bro and broke but learning from the best like you and Jerry Norton 🎉. I’m going to start this grind with expired home sales
@PaceMorby
@PaceMorby 4 месяца назад
Love this Benny! You got this🤝🏼
@DontBother_YT
@DontBother_YT 10 месяцев назад
I did the math on my own before doing the PadSplit percentage. I put in my own overhead of 20%, only to find out how close I was to the actual 15 that PadSplit takes! I don't know how but my brain is built for the math on this.
@archivaldoguzman8316
@archivaldoguzman8316 Год назад
These is awesome pace. Appreciate you man.
@pyrochickhop8339
@pyrochickhop8339 Год назад
One of the BEST
@samanthazimmerly8083
@samanthazimmerly8083 Год назад
This is stupid good Pace!!!
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