DON’T Use Your Own Money in Real Estate!
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- Опубликовано: 23 июл 2024
- How do I NOT use my own money in real estate deals? What does Pace do with his money? I have money to invest, what should I do with it? In today’s video, Pace Morby talks with Ty Russell about why, even if you have a lot of your own money, you SHOULDN’T always use your own money in real estate transactions. Pace explains that whether you should use your own money or not depends on multiple factors depending on the person and what they want to achieve by lending money. He emphasizes that you should save your money, and spend someone else's.
Pace also gives Ty actionable items to make more passive income since his active income (W-2) requires a lot of his time. Do you want true passive income? Do you want to add properties to your portfolio? Pace answers these questions as they relate to funding deals with your own money versus other people’s money.
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Chapters:
0:00 - Intro
0:33 - I have money, what do I do with it?
2:19 - On the phone with Ty
2:33 - What does Ty want to do?
5:25 - 2 ways to make passive income
14:13 - Good example of networking
19:27 - Never use your own money
20:20 - Example of a scout
22:22 - Private money lender
25:00 - What do I do with the money I have?
27:17 - What Pace does with his money
33:37 - Ability to underwrite
36:33 - Who are the people you surround yourself with?
37:56 - I have money, what do I do with it?
41:28 - Outro
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎
A 45 min whiteboard visual aid breakdown along with a live call… Love It, Brother 💪🏾
Glad you enjoyed the video!
All this is so great the problem is that we wanted to learn everything at the same moment!!!
Super helpful video that speaks to W2 employees. Thank you for taking the time Pace and sharing!
Thank you! Glad you enjoyed the video ✌🏼
It’s very true that if you use your own money, it disappears fast and then you feel you can’t do deals until earlier deals close and money comes back.
This is the comment.
Another really really Goode one..thank you..!!
Pace im apart of a community but.... idk i know grass isn’t greener until you water it but I’ve learned more from you and Jerry creating finance playlist than where i am bc he just has a lot of fluff videos and don’t break it down like you. Sigh.
I sincerely appreciate you Pace.
43:54 ofc the women will run the detail stuff we’re best at being attentive 😅🙌🏾
Glad you're taking some value from this!
This video made me realize why I hate cold calling and trying to wholesale. I just want to buy deals and build a portfolio.
I need to learn those skills of raising capital and finding private money partners. I thought I HAD to wholesale but I really don’t enjoy that.
Gotta go back and watch the avatar videos and reset my focus. Great video!
Glad you enjoyed the video Charlie! 🙏🏼
Love this style of video Pace, always valuable info here. Creative finance is the way to go!
Thank you Marc! 🙏🏼 Appreciate you always
Love it! Go Ty! Can't wait for more videos on buying and selling businesses with creative financing!😊
great insights, thanks
Thanks Pace Excellent information fantastic business model appreciate your U Tube Channel !
Thanks! Glad you're getting value
This was awesome! Why would you ever want to use your own money? Thank you Pace for the explanation.
This video was fantastic. Nuts and bolts of deals really appreciated! I’m looking forward to getting started on this path!
THANK YOU!
🔥 🔥🔥🔥🔥🔥info and the beat in the background cranks
This is so true
Thanks Pace for putting this together. I'm a new baby Gator; still going through the training. Every time I hear you talk, I learn something... Thanks!
Yess love to hear this!
Love this guy man
This was really helpful 😮😮😮😮
This was super helpful! Pace keeps drilling in my head that I don’t need money to get started today! Def need a TC paperwork is my arch nemesis…
TC are the BEST
Awesome teaching, I wanna be a Ty!!
Thanks Pace ✌🏽 a lot of us needed to hear this
Thank you for being here Jordan! ✌🏼
Propstream app. does this like a scout. Would you say the app does the work?
“Forget about your money”. Yes
You’re amazing Pace. Truly.
Thank you!!
Thank you Pace, as always.
One thing I’m unsure of in this example, if anyone can answer, is that if $1000 of cash flow for 4 years equals the 46k-(48k) needed then I’d assume the PML is okay with being locked in a deal that long ~ 4-6 years. It took four years for just the principal, plus 10% each year at 4,800 = 18k/19k roughly in interest in that span. Perhaps my math is wrong, or you would borrow against equity in this case to get them paid out sooner. Maybe even switch out lenders.
Thanks Pace
Thank you bro!
How can i find a good transaction coordinator?
He can use it to be the private lender and make 10% out it in IRA account that’s not taxed rinse and repeat
your the man Pace!
Thank you bro!
i dont think i hate a corporate environment but i defiantly hate formal and Corporate attire and College is a waste of money unless you are going for an IN DEMAND field
Agree!
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Noob question, if you bring 0 money to a buy and hold deal, and a Private Money Partner brings all the money, how is ownership divided up?
Thats between you and your partner. how much do you bring to the deal?
I would like to see a typical partner deal breakdown when 1 person brings 0$ and the PMP brings all $. @@dojoparsnip9905
Should do a whiteboard Wednesdays ;>
Pace what are your thoughts on squeezing in a meetup in the Midwest 2024?
Pace is a great human being, best example for a Christian
pace morby MR HEAVY DUTY
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