Called an MLS listing, agent right off the bat said 'No I dont think they are interested because they need to move and need that money to get to the new property". Literally was listening to this video before the call, took notes and just repeated everything pace said with my terms and converted the agent. It works! Pace is the freaken man!
When I first watched this video I didn’t understand the concept of collecting debt to gain a property. And now I understand that debt is what will make you wealthy and it’s not taxable. Pace you are a genius brother! 🤯🤯
I think you misunderstood the tax liability of the seller in this situation.. this debt instrument is definitely taxable. The interest income portion of the sale as well as the capital gains portion of the sale are both taxable. The seller is selling to Pace on an installment sale over 10 years so only a portion of the capital gains tax will be incurred during the first year and subsequently in the years thereafter depending on how they amortize the loan. The seller is able to avoid the large capital gains tax he would have otherwise incurred on the entire sales in the first year because he had no plans to 1031 exchange the property to defer the taxes.
This was so amazing!!!!!! I love how you were able to get him at least thinking of the seller finance option when he was trying to shut you down. You are really amazing at what you do!
Wow This was an amazing display of credibility. This call was effortless because the caller had the utmost confidence which he was able to back up with precise information. Additionally he understood the seller and all his pain points. He painted a masterpiece by weaving together all the examples of upside for the seller while simultaneously showing him how we would lose all his downside and then buttoned it up by removing all the risk. Pure genius.
I didn't hear you close him, but you certainly inserted the idea into his mind that seller financing could indeed work for him and I could tell by the inflection in his voice that he is seriously considering your methodology and most likely will do business with you and close a deal. Great job.
Amazing video. So many little nuggets and just love how you turn them around through knowledge and understanding. No hard sell, just advice and then they almost come around to your way of thinking.
Pace you are a Beast Master!! Seller wanted you to explain Seller Finance and you bascily Pitched him Seller Finance without him even noticing using his numbers. BEAST!!
@@PaceMorby I am new to real estate just 2 months in, but been doing sales over the phone for 20 years. Waiting to get my first wholesale deal and jump into your Creative financing mentorship. Keep changing peoples lives. You are a Good Soul - God bless you brother and Thank you.
Whew, im coming on board next week! That was smoother than coco butter on a baby's bottom! I can't wait to be able to have access and be able to operate with that type of value! Pace, you're a Boss frfr!
One thing i dont get... How do you structure the monthly payment with interest? Do you take 2% of the overall purchase.... That makes no sense.. Since it wont cashflow... I still cant get my head around structuring monthly payments.... Its so frustrating!
Omg this is unbelievable 1 months ago I ran across this guy. I joined his Facebook group and Now Im finally to take action on this! Thank you Pace for making me see this so much clearer
That's such a great question bro. Why don't you network with other subto students and connect with them to learn more about this as they can guide you with your concerns. Join my Creative Financing Facebook group. facebook.com/groups/creativefinancewithpacemorby
If hesays 2.2 then its worth 1.4 Maby. Theyr trin to get rich off one transaction. Thats why u deal with Motivated Sellers ONLY. NO HAGLING INVOLVED. THEY JUST WANT OUT. and u both Use attorneys. They DONT WANT THE PROPERTY OR BUIS BACK.
Hey I’m hoping someone can help me out. I’m getting a property I’m planning on getting through seller financing, it’s a single family home that I plan to live in and may rent out one day but don’t know for sure. and everywhere I’ve looked it seems the refinance part of the deal gets skimmed over, what kind of loan are you acquiring when you refinance? In this scenario could it be a Fannie Mae Freddy Mac loan or what would you?
Hello Pace my name is Cornelia, I will like to know how much budget I need to become a real estate investor. How I can get one on one support and mentor to guide me at list for the first couple deals. English is my Second language, I need a little support in-till I fill more confident of my understanding gets stronger. You have a amazing personality and you are a great theater. Pace,can you be my mentor? I understand you better than others I have follow them in You Tub. Hands on it’s more easier to learn them theologically. Thank you Pace! Sincerely Cornelia!
@@ElAngelAlmazan I understand that, the reason I posted was bc I was wondering legal wise does the holder of the note have to file an NOD etc even though the clause existed. Thanks for the help. Where you located? I’m in Pasadena Ca
It's almost unfair to the seller when Pace gets on the phone with them. Might as well just hand over the house keys and the deed 🤣😂🤣.Curious what's included in a credibility pack. POF, References, Title Company?
2:05 is the money shot for anyone new to this game. 2:05 is what needs to be engrained into your head for when you have this conversation in the future
I am a baby boomer, like this gentleman talking to pace. It's AMAZING how the realtors, government and media have complicated the buy-sell transaction process in real estate. 🙄 Pace is showing us how simple this can be following his lead. You have to admire what he has been able to accomplish and continues to free buyers and sellers in the real estate markets.
Holy **** that was INSANE!!! Pace you are hands down the GOAT in this game. That 13 minute video felt like 30 minutes to me I was so absorbed in it. I have seen the light and won't be able to sleep until I get my feet wet. WOW Pace you are change lives out here!
So.... BAD ASS!! And the outro music was the PERFECT mic drop!! :) Will be watching this over and over until I've got it down! I think I found a GEM! The property description starts with: "EXCEPTIONAL SELLER FINANCING!!" This tells me she's an astute seller! :) No one has touched it in over 200 days (meaning the wholesales in this market don't know what to do with it)!!! WOO-HOO!!! :) Wouldn't it be something that this could be my first time "up to bat" and I navigate the mighty SELLER FINANCE?!!! :) ::knees knocking ::
Great process on the phone with the seller planting seeds to get them think past the blanket "no" for anything new to them and creative. What in the world could be easier for this seller than to collect payments with interest on this. NOTHING. So interesting to see how people reconsider selling with owner finance. Did he end up closing? Can you do a part 2 on these calls you have posted to open up the case study? Your videos cocering content with your writing pad and the actual document examples pulled up as you talk about them is awesome. So many others just cover things and blow past a real document example, and actual walk through of each part, and limited or no illustration of the examples. Great content, thank you for putting this out! Lets get some part 2 deep dives on these live calls!
Man Pace your on fire 🔥..... You turned it all around. My only question is where would you get the 220k. Like of course it would be from a private money lender. But then you'd have 2 pymts on that property to make?
PACEEEEEE😱 amazing bro. You are my mentor without even knowing it LOL my goal is to learn from youtube, make some deals happen, and then join subto. Many blessings to you and your family!
Unbelievable Pace! If you were a rapper you would be spitting mad game! So smooth in overcoming a very fast not interested in seller financing. Thanks for sharing this amazing call!
At the time of this comment this channel has 17.8k subscribers and provides more value than channels that have five times the amount of subscribers. I think that might be because you have to actually know something to even get how valuable this information is nonetheless,amazing.
Hey! Get in touch with other subto students inside the free Facebook group, There are thousands of investors in there as well, They would be more than happy to help you out and network with you! shor.by/8vxk
