The Rich Somers Report Building a $450 Million Real Estate Empire Using Low & No Money Down Strategies | Pace Morby E316
27 snips
Mar 6, 2025 Pace Morby, a real estate investor and creative finance guru with a portfolio nearing half a billion dollars, divulges his secrets to scaling a successful enterprise without traditional loans. He shares game-changing strategies like seller financing and sub-to deals. Listeners will learn about the potential in boutique hotels and mobile home parks, and the importance of leveraging motivated sellers. Pace highlights the common pitfalls new investors face and imparts his proven playbook for minimizing risks and building lasting wealth.
AI Snips
Chapters
Transcript
Episode notes
West Flower Street Deal
- Pace Morby bought a house on West Flower Street using a sub-to strategy after the listing agent was fired.
- He later offered the agent a commission on their next deal together, showcasing the potential of sub-to.
Focus on Agents
- When wholesaling, focus on the relationship with the agent, not just the deal itself.
- Agents can become a source of consistent deals, unlike one-time sellers.
Understanding Seller Mindset
- In creative finance, avoid imposing your own investor mindset on sellers.
- Focus on understanding their pain points and offer full price with creative terms.