Get Creative with Pace Morby

Pace Morby
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Jun 1, 2024 • 1h 59min

From Bankruptcy to a $150 Million Real Estate Empire: The Power of Creative Finance

Welcome to a new episode of Get Creative. In this episode, I joined Steve Trang on Real Estate Disruptors. We discuss my real estate journey and how I built a $150 million empire using creative financing strategies. From overcoming bankruptcy to mastering seller finance and SubjectTo deals, I share some wealth of knowledge and practical tips. Tune in to learn how to leverage creative finance to achieve financial freedom and success in the real estate market.   Highlights: "Emotional income is way more addictive than a $10,000 check." "The value of anything is not the purchase price; the value is always what you can do with it." "Creative finance is the only way to truly have a win-win with the seller and the buyer."   Timestamps: 00:00 - Introduction 05:00 - Finding Inspiration 09:23 - Childhood Lessons 12:04 - Overcoming Bankruptcy 17:15 - Understanding Creative Finance 33:12 - The Importance of Entry Fees 40:02 - Best Exit Strategies 47:14 - Zero Down Deals 55:19 - Building Wealth 1:02:21 - Mentorship and Community ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 31, 2024 • 45min

Breaking Down Creative Finance with Colleen & John Low: From Skeptics to Strategic Dealmakers

Welcome to a new episode of Get Creative. Dive deeper into creative real estate with Colleen and John Low! They show their transformation from unsure beginners to strategic investors using creative financing. Find out their secret for uncovering deals, and how they leverage techniques like seller financing to unlock wealth. Get some insights from Colleen on staying focused on your "why" and John's emphasis on asking the right questions Highlights: "When you mindshift and realize there are other ways to buy real estate, it's a game-changer."  "The most important thing is to connect with your 'why' and keep that front of mind." "Ask good questions to find out what's important to the seller, so you can structure a win-win deal."  Timestamps: 00:00 - Introductions 01:12 - The Shift in Confidence 02:06 - A Unique Way to Find the Community 05:00 - From Skeptic to Strategic Partner 06:40 - A Face-to-Face Encounter with Pace 08:20 - Real Estate Experience & New Beginnings 10:57 - Creative Finance: The Key to Building Wealth 11:30 - The Deal Breakdown: From Traditional to Creative 15:28 - Overcoming Ego and Embracing Guidance 22:02 - Equity Growth Potential & The Importance of "Why" ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 30, 2024 • 28min

Creative Financing Wins: From Military Man to Real Estate Master

Welcome to a new episode of Get Creative! In today’s episode, we chatted with Wesley Thompson, a graduate of the SubTo program who found success in real estate using creative financing strategies. Wes shares his journey from military service to becoming a long-term rental investor, highlighting the importance of finding the right market and building relationships. Highlights "I don't want to build myself into a business or a job. So I like to keep things as Chad Carson would say, relatively small and mighty."  "It's not necessarily the best idea to be the first one to reach the seller."  "It was very much a relationship thing... the listing agent reached out to me because they already had credibility there."  Timestamps: 00:49 - Meet Wesley Thompson 02:54 - Why Long-Term Rentals? 04:51 - Real Estate Journey: Army to SubTo Graduate 06:28 - First Creative Deal: Subject-To on MLS Listing 09:14 - Finding the Right Market & Seller Situation 12:27 - Wholesalers Paved the Way for Creative Deal 14:31 - Building Relationships with Listing Agents 18:43 - Renovation & Cash-on-Cash Return 21:14 - Creative Financing on the Commercial Side 24:20 - Open to Weird Deals & Building a Team ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 29, 2024 • 56min

How to Find the Bunnies: Uncovering the Emotional Reasons Behind Real Estate Deals

Welcome to a new episode of Get Creative. In this episode, I chat with JB over his podcast, The Wolf’s Den.  I share a crazy story about my first creative financing deal. Forget numbers, this was about emotions. I call it "finding the bunnies." Let me tell you, I was a rookie with zero experience, and almost blew it by chasing numbers. Then I met Janie, and her situation was a tangled mess. But with some empathy and creative thinking, I won her over. It wasn't about buying a house, it was about understanding her. Tune in to learn why rapport is king, how to uncover emotional drivers, and why going beyond the numbers can lead to big wins!  Highlights: "It's never about the house. It is always about the situation." "Your job as a real estate investor is to find people's bunnies, find the actual problem, find the issue of what they're doing."  "I didn't know how to comp. I didn't know how to do anything." - Timestamps: 00:00 - Joey Ryan Sets Up the Story 04:10 - The Meaning Behind SubTo  07:42 - My Blue-Collar Background 10:13 - My First House (and My Mistake) 12:40 - Missing Out on Leads 14:23 - The Importance of Taking Action (and Asking Questions) 16:12 - Meeting Janie Munson  19:22 - Mom to the Rescue!  21:59 - Why Janie Chose Me 23:40 - Infinite Banking and Passive Income ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 28, 2024 • 34min

Be Your Own Boss in Real Estate with Bee Portillo

Welcome to a new episode of Get Creative! Tired of the daily grind? We chat with Bee Portillo, a former stay-at-home mom who transitioned to becoming a successful transaction coordinator, all while enjoying the freedom of being her own boss. Bee shares her inspiring story of leaving the stay-at-home life behind to pursue a career in real estate. She'll talk about how she leveraged the supportive SubTo community to find her niche and the power of building connections to land dream opportunities. Packed with valuable insights, this episode also dives into how Be's transferable skills from office assistant to transaction coordinator helped her excel, the importance of organization and meticulous attention to detail in real estate deals, why understanding creative financing is crucial for transaction coordinators, and how to balance family life with the flexibility of a remote work schedule. Highlights: "If you're struggling to make money, you haven't talked to enough people."  "There's so much more potential here. And there isn't just one thing you could do, there's several different things that you can work on." "It's not just all about ourselves and take take take. It's about bringing something to the table."  Timestamps: 01:13 Be in the Middle of a Storm (Houston Market) 03:04 From Stay-at-Home Mom to Transaction Coordinator Dream 05:00 - Making Connections in SubTo Community 07:03 - Why Transaction Coordinating?  09:02 -Office Assistant Led to Transaction Coordination Skills 10:01 - Breaking Down Be's First Deal as an Intern 13:34 - Moving Parts and Attention to Detail in Transactions 16:27 - Cash Flowing Property with Existing Tenants  17:54 - Transaction Coordinators Who Understand Creative Finance 29:33 - Go-Givers and Supportive Network 31:07 - Providing a Positive Customer Experience ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 27, 2024 • 41min

From Nudist Camp to Family-Friendly Oasis: Ashley Perez’s RV Park Transformation

Welcome to another episode of Get Creative! In today’s episode, we sit down with the incredible Ashley Perez to discuss her journey into creative real estate investing. From discovering a unique RV park deal in Florida and transforming it from a men's-only nudist camp to a family-friendly destination. Ashley shares her inspiring story and the creative strategies she used to make it happen. Tune in to learn how you can leverage creative finance to achieve your real estate dreams, no matter the challenges!   Highlights: "I fall back on the numbers, I fall back on the opportunity to acquire 26 acres in a beautiful area that I know I can improve."   "The power of seller finance, the power of the seller taking the note, you have an income with less capital and then more to go out to deploy onto the asset itself."   "We're in the people business too, so having a heart and having compassion is key."   Timestamp: 00:00 - Introduction 01:07 - Joining the SubTo Community 02:24 - The Dope Deal 04:13 - Getting Invested in RV Parks 09:41 - Overcoming Naysayers 15:03 - Securing the Deal 20:21 - Creative Financing Saves the Day 24:34 - The Major Takeover 28:56 - Adding Value and Amenities 36:22 - Future Plans and Expansions   ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 26, 2024 • 48min

The Real Estate Wealth Guide to SubTo Strategies

Welcome to another episode of Get Creative. In this episode, I joined Jordan Belfort on the Wolf’s Den! Today, I shared my journey into the world of "subject to" real estate investing. From my blue-collar beginnings to becoming a successful investor with my TV show, I talk about some of the pivotal moments that led me to embrace creative financing strategies.    Highlights: "The secret sauce is turning this into a fun game every single day that you get to hang out with your buddies because now your buddies are also real estate investors."   "I never have to work for anybody ever again. Even though I was making really good money in these other businesses, it became the funnest thing. And then I just started talking about it like crazy."   "Find something so basic that you can provide value and get around the right people even if you don’t have the money to go join masterminds."   Highlights: 00:00 - Introduction 01:18 - Pace's Background 07:06 - The Turning Point 14:21 - Building a Community 20:00 - Subject To and Seller Finance Basics 27:37 - Getting Started with No Money 34:43 - Tax Benefits of Real Estate Investing 40:58 - Collaboration Over Competition 47:35 - Pace's Artistic Inspiration 55:00 - The Power of Masterminds ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 25, 2024 • 59min

Change Your Career with SubTo Real Estate Strategies

Welcome to Get Creative. In today’s episode, I joined Jamel Gibbs on The Deal Pro Podcast. We discussed the world of "subject to" real estate investing and shared my journey with you. From my blue-collar family background to becoming a successful real estate investor, I'll discuss the pivotal moments that led me to use creative financing strategies. We'll provide valuable insights into how you can succeed in real estate without spending a fortune. Discover how I turned setbacks into comebacks, built a thriving community, and developed multiple streams of income.    Highlights:  "The secret sauce is turning this into a fun game every single day that you get to hang out with your buddies because now your buddies are also real estate investors."   "I never have to work for anybody ever again. Even though I was making really good money in these other businesses, it became the funnest thing. And then I just started talking about it like crazy."   “Find something so basic that you can provide value and get around the right people even if you don’t have the money to go join masterminds."   Timestamps: 00:00 - Introduction 01:18 - Pace's Background 07:06 - The Turning Point 14:21 - Building a Community 20:00 - SubTo and Seller Finance Basics 27:37 - Getting Started with No Money 34:43 - Tax Benefits of Real Estate Investing 40:58 - Collaboration Over Competition 47:35 - Pace's Artistic Inspiration 55:00 - The Power of Masterminds   ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 24, 2024 • 31min

Creative Real Estate Journey: Jeff Smith’s $38K Real Estate Win

Welcome to a new episode of Get Creative! In this episode, we’re joined by Jeff Smith as they talk about their success in creative real estate investing. Join us to listen to how they turned a challenging deal into a $38K payday. They share their strategies for navigating competitive markets, building trust with sellers, and easily closing deals.    Highlights: "You are there to listen for the symptoms so you can diagnose the disease and then prescribe the right medicine." "If I could show you a way to write you a check and get this done with full certainty, are you open to something a little different?" "The power of the sub two community is that my stories are your stories, and our collective experience can be leveraged for your success."   Timestamps:  01:15 - Finding the Deal 03:29 - Diagnosing Seller Needs 05:00 - Engaging All Decision Makers 07:16 - Presenting Creative Offers 10:00 - Handling Seller Objections 13:09 - Closing the Deal 17:10 - Benefits of Creative Financing 21:04 - Partnering with Community Members 24:29 - Lessons Learned and Advice ► 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/   PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/ TikTok: https://www.tiktok.com/@pacemorby
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May 23, 2024 • 32min

Transforming Spaces and Lives with Zander and Michael Katrakis

Young real estate investors Zander and Michael Katrakis from Scottsdale, Arizona share their journey of turning a simple property into a profitable pad split. They discuss the challenges faced, innovative approach, and future plans. Key takeaways include community support, learning from experiences, and the importance of keeping moving forward in real estate investing.

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