SubTo Airbnbs: How to Acquire Properties Without Banks

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Jul 14, 2024

Guest

Pace Morby

Guest

Jorge Contreras

Real estate investing experts Jorge Contreras and Pace Morby discuss creative financing strategies like 'subject-to' transactions, emphasizing the power of storytelling in sales. They share insights on acquiring properties without banks, generating income through Airbnb, and personal growth in real estate. Practical advice includes learning from mistakes, working in the industry, and focusing on mentorship for success.

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ADVICE

Make It About Others

Focus on how many people rely on your decisions rather than just your personal gain.
Aim to uplift others by generating wealth and opportunities for those who work with you.

ADVICE

Reclaim Your True Self

Who you have become can restrict who you really are.
Reclaim your freedom and authentic self by shedding fears and limitations imposed along the way.

ANECDOTE

Paid To Learn Then Teach

A Red Bull employee named Tony was paid to learn how to comp properties by Pace.
Tony had to teach 50 others daily, showing how action and showing up leads to opportunities.

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Welcome to a new episode of Get Creative! Today, we have an insightful conversation featuring Jorge Contreras and Pace Morby. In this episode, Jorge and Pace talk about the intricacies of real estate investing, specifically focusing on the creative financing strategy known as "subject-to." They discuss how to acquire properties without the need for traditional bank loans or large down payments, and how this strategy can be applied to generate substantial income through Airbnb.

Highlights:
"Everything we do in real estate and sales is about the ability to tell a story and convey a message."

"I was born on third base. It's my job to get all my people out of the dugout and give them a chance at bat."

"Emotional income is way more valuable than financial income."

"Creative finance solves 90% of the problems that a cash transaction cannot solve."

Timestamps
00:00 - Introduction to Get Creative!
00:20 - Meet Jorge Contreras and Pace Morby
03:11 - The Art of Storytelling in Real Estate
09:39 - The Importance of Who You Become in the Process
10:28 - Mindset and Personal Development in Real Estate
15:44 - Breaking Free from Who You’ve Become
27:03 - Understanding Subject-to Transactions
32:12 - Real-Life Example: Branch Forest Way Property
39:41 - Applying Subject-to in Real Estate and Cars
53:02 - Advice for New Real Estate Investors

► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
http://joingatortribe.com/yt

► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/

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