Subject To and Seller Finance in Terms ANYONE Can Understand
HTML-код
- Опубликовано: 30 сен 2024
- Join Pace Morby on stage at the Build Wealth Summit 2023 in Las Vegas as he teaches thousands of people the difference between subject to and seller finance real estate transactions. He explains the difference between the two with a simple creative finance anecdote on a topic most anyone can understand; cell phones. He also dives into specific creative finance deals and how he’s structured the deal so that it benefits EVERYONE involved.
► Join The Subto Community & Learn Creative Finance Directly from Pace:✌🏼
subto.sjv.io/Y9...
► Join Our Free Facebook Group to Connect with Pace and his Students:
paceapproves.c...
► Subscribe To My Second Channel:
/ @keepupthepace1
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
getcreativepod...
► The Ultimate Exit Strategy for Subto Deals:
splityourpad.com
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
jointoptiercomm...
-----------------------------------------------------------
► Get Our Vulcan7 Code:
www.vulcan7.co...
► Get Our BatchLeads Code:
batchleads.io/...
► Get Access To Privy
Startwithprivy...
------------------------------------------------------------
🔌 PLUG IN & SUBSCRIBE 🔌
Instagram: / pacemorby
TikTok: / pacemorby
LinkedIn: / pacejordanmorby
🗝🗝 FREEBIES 🗝🗝
📑 FREE assignment contract: go.www.pacejmo...
📑 FREE wholesale contract: go.www.pacejmo...
📑 FREE cold calling script: go.www.pacejmo....
📑 FREE cold texting script: go.www.pacejmo...
📑 FREE foreclosure script: go.www.pacejmo....
📑 FREE disposition checklist: go.www.pacejmo...
📑 FREE comping cheat sheet: go.www.pacejmo...
📑 FREE guide to pulling a water list: go.www.pacejmo...
📑 FREE guide for taking photos on appointments: go.www.pacejmo...
📑 FREE seller lead form for talking to sellers: go.www.pacejmo...
📑 FREE profit and loss template: go.www.pacejmo....
#RealEstate #Investing #CreativeFinance #Subto #RealEstateInvesting #PropertyDeals #RealEstateTips #Finance #InvestingTips
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎
I need pace morby vs dave ramsey asap
YESSSSS please!
Dave loses because he doesn't believe in debt. Not all debt is bad.
2 different spectrums. Apples and oranges.
One is an investor, the other gets people who are irresponsible with their money to get back on track so that they can invest. Baby step 7 is investing.
The best explination of these strategies I have ever heard!!
Glad you enjoyed!
Pace, I am trying to do a subject 2 deal on a business. How are you dealing with the seller requesting a balloon payment? Since I would meet their purchase price a short ballon would destroy cash flow going though a bank at current interest rates or rates that are higher. Thank you in advance.
Pace You are The One!!! I understand the difference between the two!!!! You definitely made it simple as pie!!!! Thanks so much, I cannot wait to make a deal with you!!!!
“You have an 8? Do you have to crank it to keep it going ?”
As a iPhone 8 owner until 2022 I didn’t appreciate that 😂😂😂
🤣
Pace is a straight-up genius when it comes to breaking down real estate transactions! 🏠 His explanation of subject to vs. seller finance using cell phones as an example? Mind-blowing! 🤯Check out his vid and then tune in to our podcast convo on my channel for the ultimate real estate insights! 🔥
Amazing video! It seems the 'JOIN SUBTO' link is broken
Price is what you pay...value is what you get.
Love this Jeff
Pace i just got my first subto 🎉 in Florida 🎉🎉🎉🎉
YESSSSSSS
hi i’am in florida aslo can you tell me a little more info please
@@happyday1060 what would you like to know ?
@@roxyponce3326like how format the whole process
Hey I’m in Florida also? Did you have to go through a particular company to get your sub to?
You talked about no down payment, no interest, no collateral, to what I understand how would the seller be sure one will not run away with his/her property or car or sell phone?
Contracts. Ik I'm not pace but still when going into contractual agreements that u could be liable to be sued on, the belief of payment is always stronger then scouts honor.
the seller IS the BANK. They have the lien.
It’s all about the binding 😊contracts
He specifically list on his contract, he will refinance once the rate goes lower than the interest he is taking over. No time frame is given because he doesn't have a crystal ball when they will fall......sooo unless it says it can't go over 5 years ...but if it doesn't state that....seems shady lol
Is it any coincidence that in the last example, the $90000 divided by $375 is exactly 240 months (20 years)?
Its a 0% interest loan... so NO its not a coincidence. Its supposed to only go 20 years.
Dude you’re amazing. Seriously. I’m sitting here studying daily, going through all these different courses, and that was just so well put together. My road to my first deal. I’ll be back here soon posting that I got my first one!
The analogy of the receipt is not a good analogy. Because the receipt is in the name of the credit card holder. In fact, the credit card holder could say he gave his card to the person in order that person buy the groceries for the card owner. Had the borrower made a contract with the credit card holder that the groceries will be his before the purchase then there would be no doubt of ownership. The holder of the deed is akin to the holder of the contract, not the holder of the receipt.
Wish I'd found you long ago. Im trying to purchase a concrete flooring company. I'll spend they're current season learning before potentially closing this fall.
Good luck!
Epic speech!! Thank you for the wise words!
I think its golds year to shine
One of the downsides about that method, though when you say you don’t care about the interest rates, is that someone may be overpaying dramatically for the principal on an apartment complex and now they can’t refinance out to pay that other person off in the future. That’s the problem. If I’m that other person, I might let you take overpayments, but my question is, when you say you’re going to pay me, I’m wondering if that’s ever gonna happen.
That's why you got to do your due diligence on the buyer to make sure they know what they're doing to cash flow so they can make the payments
If this is not political why are you mispronouncing her name. You're calling her crazy while you highlight Trump. You didn't reach out to her team and let her know how you felt.
2 people want help. 1 gets greedy. A third gets a deal because the need was for an iPhone to get a job, but the conversion was about the model which didn't fulfill the need. After the 2nd deal, the greedy person is stuck with a phone she didn't want hoping for him to come back when he was no longer interested.
BOOM
We did and do seller carry back, on commercial financing ,as a second loan not the first or only loan seller carry back or seller finance,,on commercial lender allow 10% to 20% only.not in Residential, Love the way Pace does it, it's a winning method 100%,need to join you Pace, to start buying and get into the game.
Absolute GOLD strategies 🙌👏🤯🤯🤯🤯
Thank you bro!
😂😂 this 🤡 didn't mention he already has a reputation to get deals and contracts, nobody going give u all this without and reputation
You can partner with people who already have the paperwork and knowledge until you learn the thing. You can do it if you want it. Keep watching the channel, ask questions as you go.
Youre right. I was born with a reputation. LOL freaking excuses! All day long... when have your excuses served you???? Stop with this crap... it doesnt help you to make excuses.
@@PaceMorby This is where I am. Every excuse has me in the exact same place. I'm uncomfortably moving forward being ok when told the deal is not for me. Thank you for this video.
Meh. A mobile home renting for $1300/mon is having problems selling for 100k? Ya right
A wealth of knowledge. A+
Glad you enjoyed it thanks for being here
That’s what I need in my life
Thanks Pace and community, really appreciate this
Any time!
I have some single family properties that I’m considering selling in (Augusta, GA and Magalia, CA) - would this seminar be good for me?
Are you still interested in selling?
Pace bringing the heat as always! Great video man!
Thank you brother! ✌🏽
I also have an unimproved property over 2.5 acres in Northern CA that I’m considering selling outright or through seller financing
Post details. I'm in California and looking
Thank you Pace for this valuable content 😊 you’re the best 🎉
Glad I’m not the only one with a paid off IPhone! 😅
Hey guys are there any Facebook SUBTO groups I could join to find deals?
Creative Finance with Pace Morby Facebook group. The subto one is not free!
Always great to watch Paces videos. So much information! Squad up in Orlando 🌞🌟🌞
Thank you! Glad you enjoyed the video
Where (what venue) will the squad up conference be held at in Orlando in April
thehiltonorlando.com/about/location-and-directions/
question: if you do any of the creative finance contracts but the other party fails to meet their obligation, how do you go about enforcing the penalty? For example, if I sold on subto but the buyer stops making payments, and we have a clause built in where I take back the property, what's the process for initiating that repossession?
think you
Once you come too terms what process come after. To make sure the seller know you are going to honor the deal. And how to switch the deed in your name?
I learned SO much from this. This breaks is down SO well.
Great Content
think you
I want to know who I can call if I have leads?
Squad up in our free Facebook and my SubTo students would love to help you! paceapproves.com/freefb-ytc
I want to do a Subto deal to get into Gator and I’ll need your help my friend!!
thank you
Can you do everything he is saying with out joining his group
Does rent to own work?
It depends on the deal but yes it does sometimes that's called a lease option!
i am creative real estate 🏡 ❤
Hey Pace, what is the difference between seller finance and installment plan ?
same thing. Different words.
Awesome training. Thank you
Glad you enjoyed it!
You are a great teacher Pace, thank you
I appreciate that!
I phones are pieces of shit anyways