What is Creative Finance?
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- Опубликовано: 2 окт 2021
- In today's video I want to talk to you about what exactly creative finance is in real estate and really break it down for you!
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎
Hi Pace, this is Boni. I just made an appointment for tomorrow at 1:00 PM. I have purchased several courses and have not yet done my first flip. With the creative financing method, this will multiply the possibilities. Thank you for the opportunity.
Wow! Excited for you Boni 🙌🏽
Just become an agent, transitioned from Travel Nursing, and grateful I stumbled across your page tonight! I set up my call for this Sunday, looking forward to learning from your pool of knowledge!
Pace - I really like the way you explain things. I have booked my first strategy session this Friday and mentally ready to start making my first sale in 1 month. Thanks
How was it ? What was offered
I interested in the out come of your first venture on this knowledgeable information don't mind sharing with me I would really appreciate it
Hi Pace, met you at BPCON2023. Not sure if you remember or not but I was the person who asked in the Q&A after your talk "Why would the owner want to take on the liability of an owner finance and doesn't that hinder them from not being able to buy a home."
I can tell you that I now somewhat understand your answer but you have ignited a fire in me to learn more. I don't listen to ANY podcasts at all but I have to say I have been binging yours. I'm excited and can't wait to understand and implement.
When I went to BPCON I had no clue what to expect and had no clue what I would gain being a first timer. After I met you, I realized why I was there. Thanks for taking the time. I appreciate how you want to teach and pour into others!
BOUGHT MY FIRST HOUSE THAT WAY
Yeah, creative finance is the greatest way to get into real estate. And, get that first deal. I love this topic, Man. Keep it coming!
Thanks! Will do bro! Don't forget to subscribe and hit that notification bell!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
I had no idea about creative finance but now I have thanks to you!
Awesome! I'm happy to help! Thank you for tuning in! Feel free to subscribe and hit that notification bell to get the most out of my content!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
Thanks for explaining things, in such an easy way to understand 👏👏👏👏 keep it up please newbies like me are blessed with such great content!
I need $60k by September 22, 2023. I can I make it happen? Thank you.
How do you get these creative finance deals? Also If you locate someone who want to do a creative finance deal do you have to get a lawyer who is knowledgeable with this.
Yes
I WANT TO LEARN ALL OF THAT
Likewise @@JefferyWarshawsky-zs2el
So.... you buy the property for 85% of what they're asking by seeing if they'll take say 3000k a month(but you make 10k Airbnbing it) by convincing them that in the end, like with truck story, they make MORE if they do it over time and the money that theyre being paid is from the ppl renting the house, not you, which means you don't need an attorney but basically one time... to draft a basic contract that has legal protections for both included....
Thank you so much for this details especially in this kind of topic !
Happy to know you're enjoying it! Thanks for tuning in.
Creative Finance seems like its a win win for everyone involved and the ticket to closing my first deal!
Creative Financing is a terminology I learned of many years ago,
And now hearing it again, being utilized to help create and to build generational wealth is very inspiring to me
I am interested in learning more about this program
Great Take,👍
Great Content 👍
God Bless America 💙
Thank you for the effort and time that you shared. Creative finance really a great help.
Glad it was helpful!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
Thank you. You gave us a clear understanding about creative finance.
You are so welcome! Glad you were able to gain massive value out of this!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
Love this I feel driven.
THANKS MY MAN......WE WILL GET THERE INSHALLAH:)
Great and helpful content. 🙌 Thank you. I really appreciate it.
Thank you! Glad you found it helpful and gained a lot of value from it!
That was awesome and very educational fast might I add, I'm eager to just be an apprentice and learn all you have to teach, thank you Mr. MORBY
Glad you enjoyed it!
Thank you Pace for your insight on this, creative financing is something very new to me but I’m happy I stumbled across you explaining it on a RUclips commercial . I have recently decided to become an entrepreneur and start my own business I have many different ideas and looks like you just given me another one so I express the upmost gratitude to you my friend for the free game . If I had a question for you it would definitely be where to start . I’m definitely interested in adding this as a notch under my business woman belt so with that being said . Could you point me in the right direction of where to start and how to get something like this off the ground so I can start ASAP
ruclips.net/video/83DA7OGeCIc/видео.html
I've never even heard of creative finance. Thanks for teaching this sounds like il like to try this
Hit up the free FB group if you have any questions paceapproves.com/freefb-ytc
I'm super excited to learn creative financing!
Hi Pace I can’t wait for my appointment I always wanted to do real estate thank you Pace
Thank you so much for this invaluable information 🔥
Thank you bro! Glad you enjoyed the video
Pace I'm so so excited to start working with you. I just finished doing my application and waiting on my meeting confirmation email. I know I can do this. I have never been so excited. Thank you Jay Bukas
Awesome!
That’s so cool. Great analogy about the truck.
Thank you! Glad you liked it!
This is very helpful. Thank you for all of the info and details that you share 😉😉
Happy to hear that it was very helpful! Appreciate you for tuning in and leaving a comment! Don't forget to subscribe and hit that notification bell!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
That's genius! You gotta find the right deal!
Absolutely Joseph!
unbelievable super good video..I mean it could not be better explained. Thank you so much. very much this is the only piece of the puzzle im trying to learn to enter the CRE world.
Jorge, glad you're getting value out of this.
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
Iam new at this i totally like this site i want to learn more about this iam looking to get a home soon iam booked so looking forward to it thank you for your time sir you are very informative and motivated guy its also encouraging thanks again
Hello Pace, I want to learn everything you got to teach. I actually understood all you spoke about I’m excited to learn more and it makes sense to me. Thank you in advance for this wonderful opportunity..... Let’s get it! 🙏🏼👌🏼😃😌👏🏼🙌🏼
Have you gotten into the free FB group yet 👀 paceapproves.com/freefb-ytc
Hey pace. Love your videos. Awesome content and lots insightful information. My question to you is once you’ve locked up the property on a seller financing, how do you actually execute in your exit strategy? Wether it’s buy and hold, wholesale or fix & flip. Because once you have these properties, some money has to go into turning over the houses for a profit. Can you do a video explaining how you execute your exit tragedies on a seller finance deal
Thanks for tuning in bro! Why not bring this question up inside the free Facebook group! There are a bunch of students in there that would be more than happy to help
shor.by/8vxk
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
How do you know that person will be able to pay you consistently without running a credit check? You could get screwed? I have excellent credit and own a business but get denied all the time for a home loan I’m 48 and NEVER bought a home. I’d love to know how you can get a home without a BIG down payment and a credit check?!
This is fun to know creative finance I Really need to learn more about how it works and how to get started in helping my self and others in how we can get started finding homes and to help others possibly live better in an growing our business an show family a better life of living though your program and in Creative Finance then I can Grow a family Business with you an other company on along the way as I learn more about how this program works and what it can help me learn other people along the way Thank You Pace🎉
Great! thanks for this awesome content.
Thank you for tuning in! Glad you enjoyed it!
Creative finance always interests me. Thanks for this.
Thank you for tuning in! Happy to know that you learned from my content. Feel free to check out my other content and subscribe!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
Love the creative financing!
I'll keep watching more of your videos!
Thank you bro! Happy to hear you're enjoying my content! Don't forget to subscribe and hit that notification bell to get updates on my uploads!
If not Whole Selling it's AIR BNB that's available is a win win
Thank you for talking about creative finance. Would you consider loans from family or friends as a creative finance technique?
Check out this video I did on the types of loans! Hope this helps out! ruclips.net/video/xz7wnVgfotI/видео.html
Thanks for tuning in!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
How do you find sellers who are willing to finance? Is there a specific website? Or how do you even go about starting out?
Hi Pace, this is my first time hearing of creative finance. Great content. I liked very much your car story. I am trying to sell my old house, and the current market is holding me down. I can't sell it. I paid off half of the house? Can I "seller finance" the house? get half price down, then sell finance the rest? what is your advice on that?
Great info! Wow!!!
Great info. And awesome outcast artwork.
Thank you bro! Glad you're enjoying the content I put out! Feel free to subscribe and hit that notification bell so you don't miss out on future episodes!
creative finance is very needed
Dope!
Thanks Pace
Thank you!
Yes Pace, case studies would be great! All the info you put out is always greatly appreciated!
Awesome! Stay tuned bro! Glad you're enjoying my content!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
This is my first time in realistate, it sounds awesome and would enjoy. I'm on disability going backwards instead of forward!
appreciate this
Pace I have just started watching your videos. So I don’t really know anything about creative finance yet. So what I would like to know is where do you start. I have three homes now so I’ve been buying houses restoring them and renting them out although I’m living in one. But I could tell you I don’t think I’m doing it the easy way I’m definitely doing it the hard way I would like to learn how to do things easier than what I’ve been doing. I’m not interested in wholesaling I know how to do that and I’ve done that before but what I want to do is gain more houses I want to get to that billion dollar number
I love it
Thank you
Just Signed up for a call. Looking forward to finding out more from Alitia today.
I like this.
Glad you enjoyed the video!
Creative Finance for the win! Your storytelling ability is on another level. Thanks for always delivering valuable content. ✌
Hello Im just paying attention to sellers Financing, ‘ I tried wholesaling people dealing dint want to leave there homes after many years ? What are the main criteria needed for seller financing?
very helpful information
Glad it was helpful! Thanks for tuning in! Be sure to subscribe and hit that notification bell to get the most out of my content!
Blessings....💐💐💐💐💐
Whoa 😮 thanks
Thank you!
Omg! I love this video, and what a great story Pace, because I now know that your wife is the brains of Subto❤😂
Great insights! Learning a lot🙂
Thank you! Glad to hear you're learning a lot from this video! Check out my other videos as well and don't forget to subscribe and hit that notification bell!
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
Thank you, great explanation, my problem is finding motivated sellers
GOOD POINT
I want in but I'm absolutely broke @@JefferyWarshawsky-zs2el
I just made my appointment 🤞🏽
Let's go!
Good morning I would love to learn everything that I need to know so I know what to do when it comes to it
Love this information. Beautiful, great husband just listen to his wife without question. Wondering if she was already a real estate agent.
I'm very interested in doing this I'm willing to learn new things
I just saw your interview on Millennial money it was great! So interested in creative financing my biggest question is who can draw up these contract notes between you and the seller whether it’s a car or a house?
Thank you so much and kudos to Millenial Money for bringing you here to my RUclips channel! Those contracts are currently for my Subto students only. If you want access to those contracts, squad up with them and work on the deal together. You can find my students on the free Facebook group here. shor.by/Si74
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
I don’t want to sound dumb, but yes I need to learn this asap. I want to build a portfolio. I don’t have a lot of capital, but this is perfect. How can I learn more?????
Hi @pace. Love your content! Question: would you recommend transferring title on a reverse mortgage with the intent of refinancing in 6 months? putting about 10k into the property and down payment of 20k to seller. Getting property at 65% ARV. Could refinance and pay off reverse mtg and seller amd have a cheap property in Miami.
Any comment would be greatly appreciated! You're a great inspiration!!
Hey man! I don't think he'll be able to answer because this is kind of an old video, you should try another way. However, your idea seems kinda fine, personal opinion.
👍🏼thanks
How do you get in contact with the sellers if you’re working with an agent
Do you ever put down a down payment? If so what % usually?
Great information,Wath your doing is blessing a lot of people,like me Thankyou.Alvaro Aldana
Appreciate you man.
1. One of those C’s has to be CONTRACTS.
2. Another is CREDIBILITY.
3. Third is CLOSING.
Can u do seller financing on a home that's not free and clear?
Hi Pace. After reading the comments and seeing that you follow up with most comments, I wanted to know with the truck with little hick ups, what collateral if any did you use to keep Jose from running off with it?
How are you doing today I want in but I am actually homeless and job less and car less and just lost my mom
Yeah they say creative finance is a great way to get in real estate.
Yes! Go check out my channel to learn more about creative financing if you need help you can DM me on Instagram @pacemorby or feel free to reach out to subto students inside the free Facebook group! They would be more than happy to help you out!
shor.by/8vxk
if buyer or borrower defaults, how will the seller or lender recover his payments? is the agreement binding enough to enforce the liability over the borrower or buyer of the house? In contrast, banks have some sort of collateral to ensure recoverability.
It's hot but thank you team.
So a concern I have is I literally have no financial backing wouldn't a owner want a down payment because I know that most owner financing they do. Also after you have owner financed can you get a small loan on a place before you start gaining revenue on it to make your payments because I can see how the plan would work but what I am worried about is staying safe before momentum starts to build such as gaining revenue through air BNB or renting until you make the sale of the house.
...1000th like...
What about the monthly payments and in my Area houses don't even put the sign out they sell in a week or day
Great creative finance how do I squire that I need to learn more period
As a wholesaler, if the deal goes awry two years in when I brought the buyer onto the deal, could I be sued or have any legal obligations?
I'm interested
What is the best way to find owner financing deals?
This sounds great but where does the money come from to pay the person for the house when if they do finance you?? You just make payments??
Pace, work if anyone stupid locally hereasks is mass times velocity squared?
I would like to learn how to wholesale a wrap
I have run this over a 50* So I Will everyone and The morning meeting
Dear Sir, I am in the Philippines and in Scandinavia... I am not sure how this apply to our environment.
But, I am sure it might work the same way...
As my mother sold the house of my brother and the buyer did not had the bank credentials so buy the house.
So, she did come up with another solution that the buyer and the bank did accept.
I have no idea about what they agreed on, but everything did work out...
So, I guess this is the same kind of financing...
Would love to learn this if it is possible to applicate all over the world.
Like Kiyosaki says, gather assets.
So my question when I buy when I want to buy a house a real estate I asked the homeowner that sell sell in the house or the real estate will you finance me❤ and if he says yes😂 let's do it light Nike brand just do it
I clicked on your link because you mentioned finders fees. I am familiar with a few homes that were sold at tax auctions and the owners never collected the money. I haven’t approached them yet because I do t know what contract to use to receive a finders fee
I am also familiar with homes that people have inherited and aren’t paying the required taxes. Again I don’t know what contract/terms to present to them to seller finance.
Have you joined my free Facebook group? You can drop your deals in there and work with my leaders who have the correct contracts: paceapproves.com/freefb-ytc
How do you make sure they pay you every month and if they don't and just move away and don't respond to mail email or court dates? Having the cash at once even if less than half seems more reliable
I would love to know answer to this too. They can just stop paying, so how do you chase them for money?
How does the contract work?
I need to do a subject to please ASAP
I wanna do so much more in my life I'm tired of working and never being ahead especially for my wife and kids
When you have a seller who accepts a seller financing or subject to offer what is the process for drawing up the deal and closing?
Hey! Awesome question! Why don't you bring this up to the free Facebook group? shor.by/Awzo I have students who are willing to help. Join here, introduce yourself and make a post about your market!
I want to try this creative financing thing , I have a truck I want to sell but I’m sure I need the proper contract right ?
Yes! Check out the SubTo car series to learn how to do this: ruclips.net/p/PL2Y6uEs9DYr2dWIVfC-B70OJ6bBYi5yL0&si=Q4r-c1gIkKW3HOLj
Contracts: paceapproves.com/vehicle-financing
How can I get theses creative finance deals and what type of documentation is needed
You can get the proper paper work by working with community members on deals in the free group paceapproves.com/communityytc
I am trying to close my first deal
Do you still have a mentorship program?