What My Business Structure Looks Like | Real Estate Investing
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- Опубликовано: 8 сен 2024
- This is the 2nd video in my 6 part series, going through the ins and outs of how I run my business! If you enjoyed this video don't forget to like, subscribe, and turn on post notifications so you don't miss out on the rest of the series!!
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 RUclips video for entertainment purposes ONLY ❎
Super appreciate the “Start Here” playlist! Thanks for making it so easy for us new folks to jump in and start learning!!!
Pace you are a true blessing! I’ve been looking for a real estate mentor. My debt to income ratio is maxed I was getting discouraged…then I can across your videos on creative financing. This is the answer for me to continue investing. I would to have a one on one with you to create a strategy for me to continue investing in real estate. Thank you for all the hard work and time you put into your content.
Hey Helen! Appreciate you. I do one on ones now and then. But I set aside 2-3 days per month to talk to you guys and answer your questions. On top of that, me and my students can help you get your first deal! Join here! bit.ly/3RHjvvr
I’m signed up and ready! Looking forward to working with you and your team.
Would love to have a one on one to start wholesaling
@@PaceMorby❤
Hey Pace thanks for the great advice. I have been searching for an entry point based on market conditions. This is a perfect way to get into this stale market with everyone holding on to low interest rate mortgages. I was initially contemplating loan assumptions and lease options but this is way better. The only thing I'm concerned about is liability on the buyers and sellers side. How do you mitigate risks of non payment on either behalf respectfully. Thanks in advance, I'd love to have a sit down.
Thank you Pace for sharing your GOD given gift to help people who have no idea where to turn for answers or are clueless where to start. I am one of those people. People who are fired up to start but have no idea of the steps to take. You just ignite the spark in me. You speak sooo fast...lol. It means I better sharpen up my listening skills. But even moreso my go get 'em mindframe. Appreciate all you do. GOD BLESS!!!
Loine. Appreciate you and your comment. If you don't know where to start, join the Elephant Challenge! I'll be teaching all the basics and it's for free! Sign up here and reserve a seat. bit.ly/3RHjvvr
I’ve been following Pace for awhile. I’ve never bought property before, but I like what Pace is doing, & want to be part of what he’s doing. Gator has my interest, & attention to get started, & then expand into Subto Buy, & Hold. Thank you Pace for all you’re doing putting this together, & helping those of us Newbies realize our dreams, & a better life.
I'm so blown away! So much gratitude for your time and effort, Pace! ❤ My bf and I have the financial leverage to start this, got an LLC, and bank account with money sitting for about 30 days.
I'D LOVE A 30 MIN SESSION to guide us through the best strategy for us.
Hey Pace! I heard about you from the dump trailer rental video you did with your kids and the Iced Coffee Hour with Graham. I have been around real estate since I was a kid, seeing my Dad fix and flip a few houses and buying and holding some rentals. I've done one fix and flip myself and we just bought our first multifamily last year. But learning about some of the strategies you outline like Sub. To and creative owner financing are game changers. Now I can see how there are more avenues to make money from a deal even if it doesn't fit my criteria for a buy and hold, or requires too much money etc... it would be a huge help to schedule a 1 on 1 to take this to the next level! Thank you for this content!
Someone give this man an award for this amazing content 👏 🙌
Appreciate you bro!
This is sooo good. I’m may be old and late to the party. Opportunity doesn’t knock until you build a door. You my friend are that door. Thanks for sharing such great content. I’m a visual person and these videos are the bomb!
I am so excited to be in this mentorship sub2. I am just starting off at my age doing this. I am everyday learning and understanding the breakdown of Real Estate. Pace you make it so painless and fun to learn. And every video appears transparent to everything. Its easy to trust a person like you, and I consider you the real deal!. You know your shit!. Telling all the secrets!!!. Love it. Keep making these videos. I love it but love the community you built which I am happy to say I am a part of. Can't wait to get my feet wet and hands dirty!. Anybody following you on your channels and not a part of your community just don't know what they are missing!...
I'm in Subto too! It's the best group! DM me on FB and let's connect and do some deals together.
Debra. I appreciate you being part of the Subto fam! ✌ Thanks for your comment!
would love to build something like this! 30 mins would be a blessing for my family. right pace!
Hi Pace! I would love a one on one!!! You’ve been a huge inspiration for me getting started in real estate. I’m working on forming 2-3 LLC’s currently but could still use a lot of advice in structuring and next steps! I hope to hear back from you and your team! Thank you so much for what you do!
Love the simple structure breakdown. Jumping in while making life moves, on top of info overload, what a ride. I'm in my mid 50s, getting into real estate, watching you stuff, (methods) all of them. The breakdown brings it all home. Awesome. Bet
Thank YOU bro! Glad you enjoyed this video
Hi Pace and team! I would love a one on one with Pace.. love all his content and his generosity to give value and content to everyone.. I’m a seasoned investor but do have some good real estate questions particularly about tax strategy ect and if you guys have a solid CPA you could recommend that would be awesome. Thanks as always!
Pace's team recommends PCS for everything.
@@KammiLutz thanks Kammi! What does PCS stand for please?
Pace is the real deal. Started doing what he's doing 20 years ago. The fresh change is he really helps others. I had to deal with mercenary greedy Bastards. It's nice to see a younger guy take the lead with honesty and integrity.
Robert. I appreciate you and thank you for your support!
Thank you for bringing a ton of value Pace!! I am an action taker and ready to make moves! Would love to have a one on one with you! Liked, Subscribed and notifications on ✅️
Nico. Appreciate you so much bro! Thanks for the love.
I would love a free one on one im new to all of this and out of everyone I've watched you seem to be the most genuine and to the point and I love it
This is genuinely great content. Extremely valuable to be able to see it all payed out like this.
Glad you gained value from this, Zayne!
7 years living in the US and hundreds of questions/conversations/searches and never come across anything close to this information on business structure. Simple and Actionable. Thank you!
Thanks for the video Pace! I'm excited for the rest of the series. I would love to hear why you pay an assignment fee to your wholesale LLC from your Fix n Flip LLC. I love how you structured your business and hope I can do the same!
Hey David! My wholesaling LLC and fix and flip LLC are two separate businesses. Regardless if I own it or not, once business will pay another a fee. It's smart money. Why wave the fee just because I own both businesses!
I like the way you broke your business down. I'm new to this wholesaler business and trying to learn all that I can
I have a bachelors degree, working on an MBA, have worked for Apple Inc. Since 2015 and make under 60,000 a year. I want an out and believe I can benefit out of a 30 minute one on one with Pace Morby or anyone who has successfully gotten out of the, “American dream” scam. Thank you in advance.
So nuts. College!
I actually heard about you when I was down at BP con this last year. One of the members I met there wouldn't stop raving about you so I had to look you up and I'm glad he mentioned me to you! I've been trying to get sellers to accept the idea of creative financing but not look so far. Hopefully I learn a few more tips and tricks from your videos!
Awesome. I’ve been building my business for 6 years, heavily for 3 since leaving my 25 yr long corporate job. Have 4 doors, all houses, one lot rental, one fix and flip and a loan out to a private company doing a fix and flip. every day is a new learning experience. Thank you.
I am learning a lot from your videos and just been in real estate for four months. Haven’t made a deal yet, but I get the buy and hold strategy which is my goal eventually.
This is one of the greatest videos I’ve seen describing how to setup an organization to make money through all the methods you mentioned: wholesaling, developing, or holding.
Hey Pace, I would definitely appreciate a one on one with you. Thank you for the free information you shoot out daily.
Excellent Contact. It’s very inspiring. I would love a 30 minutes one on one.
I’m studying your content so much it’s basically stalking at this point. Thanks for making these videos! It’s all starting to make sense! I’d love to do a one on one!
Very informative! Makes me more hopeful of my future in this business. Still trying for my 1st deal
I’ve been looking get started in real estate but have been getting discouraged as the days go by and I'm still no closer to knowing what to do. I have found you on TikTok and you were talking about it in a way I've never heard before. I would like to have a one on one with you to help me get started in real estate. Thank you and your content is so awesome.
I would love a one on one with THE Pace Morby!
I would also love to see a video on why you wholesale the deals to yourself for your fix n flips.
Jonathan. I should make another video about this, but to answer your question... My wholesale LLC and fix and flix LLC are two separate businesses. Whether I own them or not, one business will pay another business an assignment fee. It's smart money. Why wave that fee just because you own both businesses!
I have always asked others how they structure their business or questions about REI and its pulling teeth each time. Pace really comes forth with the information and I feel like he creates a trustworthy relationship with his students. I have been following for a month now looking for the right mentor and I think I just found him.
Love the content. The information you provide is eye opening and easy to understand. Keep it coming!
More to come!
I really enjoyed listening to your Lesson today. Very helpful. Reach out so I can gain more with you. I look forward to working with you PACE!
On The Market Podcast is where I found you. Currently I’m a buy and hold single family investor who then forces multi family benefits out of single family purchases. I buy larger lots with single family homes and then place an RV Park Model on the lot. Most cities allow for an RV to be parked on the property; I avoid neighborhoods with HOA’s. I fence them separately with each having their own driveway. I charge unusually high rent by including the utilities, as well as internet and security cameras. The high rent weeds out the undesirable tenants. I use history data to factor utilities into the monthly rent and then add solar, improve water use efficiency, upgrade to more efficient HVAC and such so that I lower the utility spend and increase the cash flow. I’m interested in scaling up into some multi-family, or RV storage/self-storage.
I am re-watching everything. Great Information Pace. So Grateful!
Thank you! Glad you enjoyed
I have been doing real estate for a while, but you continually expand my mind to new opportunities.
I’d love a 30 minute one on one. I have been at the edge wanting to start my own Real Estate empire, but after seeing your LLC strategy…as brilliant as it is…has me feeling like I have no idea what this is going to take, and I feel like I need to clear the table and start over.
Love your content! always giving tremendous amount of knowledge! a one on one must be ever better!
I most definitely would love a one-on-one 30-minute session to learn your strategies where I can acquire apartment buildings out here in the Metro Detroit Area. Pace, I've been following you for a few weeks now and I can't believe the phenomenal content you put out for free! I'm beyond grateful and wanna say Thank you!
Would love a one on one! My mind is being blown! So happy I found you! Can’t wait to learn more!
I WANT TO WIN A ONE-ON-ONE! I love learning from you! So easy to understand and gives me so much hope thinking about my future! Looking forward to watching your entire video playlists!
Thanks for the content Pace saw you on Triple Digit Flip and loved it, especially the intentions that were written on the walls. Keeping coming!
This is amazing. Would you ever consider doing a video on how your real estate + social media + coaching flywheel works?
Pace love hearing your strategy, “Control everything, own nothing!”
I’m about to turn 50 - so much to learn and implement, I’ve done a few deals years ago - ended up getting my RE license a couple of years ago but struggling to connect the dots- especially quality lead flow
I believe I found a complete online University - Ty Brett
Amazing opportunity. I like how you break things down in a way we non real estate guys can understand.
Keep doing what you're doing.
I am super excited to learn about this side of things, thank you, I was sent to you from a buddy who has been watching your videos, I'm an electrician that works on some of his fix and flips, however I want to create a better future for my family.
love the business structure, simply explained.
Glad you liked it!
Found your channel as I was browsing about financial eduction and binging on how to start and Airbnb. We have a some land in the Philippines which we rented out and just turned our condo into as Airbnb rental so I went online to learn how to manage it from here. Also we love traveling and staying at unique homes or glamping spots like treehouses ,domes, airstreams and thought about owning some here in the US so I was browsing RUclips on how to start a real estate business from scratch and with creative financing and I found your channel to be very informative. I signed up for a class about how to run an Airbnb business via arbitrage but got stuck as we realized it’s better to own. Been binging on your videos so I can learn the ins and outs of having a real estate business and looking to find that first deal
Great content. I've been trying to start in the real estate business but have been overwhelmed. Would appreciate having you as a mentor.
Been in this bussiness a while. I comsume youtube educational content 3-4hrs a day while running my airbnbs, new construction and property management bussiness. You are errogant genius. Love it. I just started to follow you and I’m very excited to modify my models. Thank you for helping every single one who is smart enough to consume and take action.
Been watching your content for the last few months now and joined your community! Your content has been amazing and life changing! Learned so much in a few months of watching!
I appreciate that!
Great Video Pace! Again tons of value! First and foremost I WANT A 30 Min one -on- one. I would love to connect with you live to go over my business model. Again I've burned the boats and going forward with Real Estate full time and I think your a great mentor. I know I can add value to your business as well. I was a self employed network tech for 12 years fell in love with Real Estate the rest is the future! FYI just joined the elephant challenge I heard of the that falls on my Bday excited to check it out.
Been following your video's on RUclips for a few days now and it's like an epiphany, my brain is starting to absorb your knowledge.
Pace you have rejuvenated my interest in realstate and the rock solid, quality education on the subject.
Thank you for your knowledge and generosity.
Hey Pace new here I'm a retired floor guy and I can totally see this as a big game changer thank you
Thanks Pace for sharing this side of your business, I hope we all get a chance to chat with your team one on one to elevate our own businesses like yours. Thanks 🙏👍
I found you on -"The Iced Coffee Hour"- And I thank God I did, Amen. I Live in Las Vegas NV. My Mother owned a Commercial Real Estate Company (mid-80s) and my Father would Lease properties & I've always wanted to make money in Real Estate. I would appreciate Sitting under your Wealth of Real Estate knowledge as a Student to Become successful in R.E..... Thank you Sir
Pace, Thank you for your thorough breakdown of the structure of your companies and the way your lead funnel supports your three entities.
I have joined the link I have seen referenced in previous comments. If available I am interested in a 1on1.
Wow this is the most underated channel! Only 235k subscribers, this should be in the millions based on content! I would love a one on one, im in australia, and am going to document my journey of doing this!
That's what I'm saying! Thanks for the support, bro. Looking forward to your content.
Simply amazing structure, love it
I'd love a ONE ON ONE with you Pace! I made a goal at the beginning of the year to purchase my first investment property. Still haven't... I thought I was pretty far away from that happening until I recently discovered you & am consuming as much as I can during the day. Can't wait to learn more and lock down my 1st, 2nd, 3rd, ♾ properties! ✌
Hey Pace, Just found you a month or so ago. I owned a duplex for about 10 years and house hacked it. After my wife and I got married and purchased our own home, she couldn't handle the thought of paying two mortgages even after repeated attempts to tell her that the duplex cash flows about $400 mo., it was worth selling to get out of the arguments. Fast forward 6 years or so, she now understands the game and we're looking to get back into real estate. Unfortunately, we are living paycheck to paycheck and things are beyond tight. A lot of what you say makes sense and we're starting to put the piece of the puzzle together. We are have a little bit of analysis paralysis and trouble knowing where to pull the trigger for our first deal. If you can offer any direct place for us to start or have a road map that walks us through step by step that would be extremely helpful. A lot of people are questioning what were talking about with creative financing and I'd love to show that this can work in our area of Kalamazoo, MI. Thanks for everything you and you team do!!!
Hey Pace. You are one of the GOATS of real estate investing and business owners. Really inspired by your work man!
Would love to have a one on one conversation with you.
Looking to buy my first rental with no money but don’t believe it’s time because I still don’t 100% know the subject to process/ structure.
Thank you for these free game you teach on these RUclips videos!
Thank you Brad Leah for having such a down to earth dude like Pace on your show and I may have never found you if I didn't listen to the podcast.
I'm as new and fresh as they come to all of this but love to learn and be challenged. My wife and I would love to be apart of this journey you're offering. A one on one would be great and I will continue watching and reading more content to get myself familiarized. Thank you my friend!!
Thanks for breaking down the 3 main funnels of your business.
Been running a successful d2d business for 7 yrs now. Ready to break the golden cuff’s, Pace.
Would love to start a business like this in Canada and grow into other parts of the world your videos have helped me start looking in how I can structure my business with are state laws being a bit different in housing market
Thanks for inspiring those of us looking at getting into real estate investing! Great stuff. I appreciate the transparency
Really appreciate everything you are putting out there, getting back into real estate and excited all over again.
Thanks, Pace!
Looking forward to working with you! 😊🎉
Any time!
Great information on how to structure your business. I like the transparency. I’ll continue to do some research through more videos. While you were cruising in millions in COVID times my life was crumbling. I’m looking for ways to get where I’m trying to go and real estate was my go to. Got some ideas I want to sort through if given a 30 min conversation.
Hey Pace, new to your channel and iv'e gotta say there's so much value in your content. I found this video in particular to be an answered prayer. Thank you for the content brother. Hope I can get scheduled on a live call soon!
Thank you Pace. I have a call with Prime next week to discuss my current structure and how to restructure my entities. I look forward to building my real estate business with you.
Thank you so much for sharing your wisdom! You explain things really well and make it seem like there’s enough well for everyone to achieve. Thank you thank you thank you.
You are so welcome!
I absolutely love the visuals used to explain your structure! It really helped me to break it down and see how everything flows and connects. Thank you also for clarifying wholesaling as a great way to make “today” cash. It is a great way to start into the real estate realm then use the capital from wholesaling to get into F&F and B&H, the latter being the one that truly builds generational wealth!!! Thank you Pace for keeping it real and breaking it down so anyone can understand (even me, LOL)!
Hey from Ontario/canada… love your creative way to get into real estate. I went through a creative financing mentoring and learned a bit about it . But your way is even more advanced. Thanks for sharing and would love to have a one and one seasions
Thank you Habib! Appreciate you.
Hey Pace...Love your content man. I haven't pulled the trigger on your program yet still trying to convince myself I can do it I guess. What I like about your stuff is that you are super creative. I wanna take the plunge just don't know if I can be that savvy. ✌
Pace I appreciate your in depth explanation In this video... really broke everything down and made it make sense.
I would love the opportunity to talk with you one on one!
Thank you for everything you do!
I am sooo new to these concepts. Heard em. Kinda. But new means I don’t know how to implement and take action. Thank you for reaching, teaching.
Dope content, I was actually straying away from real estate due to the lack of success I was having but after watch this video I’m definitely going to give it another go. Thanks and keep dropping gems!!!!
Great to hear!
I would love to have a one on one with you pace. Thank you for all the value that you’re giving out!
Ammar. Glad to know you're getting great value out of this. Thank you for being a subscriber!
One on One here, sign me up Pace! I am pressured to rent because the bank won't lend to me. They say I didn't pay enough in taxes last year (I serve at a restaurant), but I KNOW I can make this dream happen- I just need to know how- Thank you for your work and wisdom!
I would love a one on one 30 min session please! I'm excited to learn and grow into the person I have always wanted to become.
You are the best teacher I have ever seen.
Hey pace! Just trying to learn how to strike a deal on my first 12 door multi family unit, thanks for the content and I am going through all of your videos!
Hi Pace! I’d love a one on one. I’ve been in Real Estate for 20 years as a mortgage lender making everyone else’s real estate dreams come true and I’ve always wanted to jump in as an investor myself but always felt like I can’t or don’t know where to start or don’t have that down payment or or or or! It’s one excuse after another for me….now I’ve joined your Gator Method Group and I’m jumping in and it’s going down now for me before it’s too late. I’m 54 and hoping to make up for lost time and claim my being able to retire within the next 10 years……I’m excited to be here and a part of one of your groups. Thanks for sharing all that you do!
Love the content and detail. Always looking for additional points of view on ways to structure a business. 17:52
I love your stream of consciousness and breakdowns. I’m an entrepreneur, business owner, investor, and I own and run a digital marketing agency. I am excited to work with you. Your organizational prowess is first class. That’s what I need. Also, I do like 2 podcasts a week. Would love to be on yours and can share a lot of info. We work with real estate and home service providers. Put me on coach! Lol thanks for the amazing content
PACE! Of course, I would love to have a one-on-one with you...but WHY do I need that? You are awesome at motivating us, instructing us even showing us step by step. SO WHY would I need a one-on-one? My mindset? I feel like I just learn so much better by doing and if I could follow you around and provide value to you and your team I would soak up all the mojo I needed.
Thank you, Pace for the start here videos! #video 2
I just discovered your channel today! And wow you’re a brilliant investor! 👏🎉🎉
Thanks and welcome!
Great content man! Honestly… with the bunch of c… that you have on RUclips… this channel is massively valuable
So much value from Pace and the FB group, really appreciate you man!! Would love a 1-on-1 opportunity to learn from the best and transform my family's life!!
You are a genius Pace! I love your explanation! I would love to have a one on one with you man!
Thank you Juan!
Wanting to learn and grow. Thank you so much for sharing your experiences and knowledge.
My pleasure!
I always appreciate the knowledge! Thank you
Glad to hear it!
Pace, Excellent delivery with powerful content. Looking forward to the journey!
Pace, Super thanks for the information. This will help me in my Real estate business, Picking up more deals thru my prospecting each day as Real Estate agent. All over the State of Ga.
Excellent content! It’s amazing how you have organized your eco system. Can you do a video for a newbie who wants to improve their credit score.
Hey Pace, awesome video. I'm in the process of getting my real estate wholesaling business setup. That's a great point about how the real money is in long term holding. I would love to have a one on one with you, if that's possible. Thank you for all of your knowledge. I can't wait to do my first deal.