DON’T Use Your Own Money in Real Estate!

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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🚧🚧🚧 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 KZbin video for entertainment purposes ONLY ❎

[@petninja6320]

A 45 min whiteboard visual aid breakdown along with a live call… Love It, Brother 💪🏾

[@PaceMorby]

Glad you enjoyed the video!

[@reir4usmentor]

All this is so great the problem is that we wanted to learn everything at the same moment!!!

[@tree5081]

Super helpful video that speaks to W2 employees. Thank you for taking the time Pace and sharing!

[@PaceMorby]

Thank you! Glad you enjoyed the video ✌🏼

[@DesirableLibra777]

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 😅🙌🏾

[@PaceMorby]

Glad you're taking some value from this!

[@DocJJohnson]

Another really really Goode one..thank you..!!

[@marckuhnmak]

Love this style of video Pace, always valuable info here. Creative finance is the way to go!

[@PaceMorby]

Thank you Marc! 🙏🏼 Appreciate you always

[@Artbyevelyn]

He can use it to be the private lender and make 10% out it in IRA account that’s not taxed rinse and repeat

[@Artbyevelyn]

Propstream app. does this like a scout. Would you say the app does the work?

[@gfsoundtrack]

great insights, thanks

[@HighCashfow]

Thanks Pace Excellent information fantastic business model appreciate your U Tube Channel !

[@PaceMorby]

Thanks! Glad you're getting value

[@matthew8661]

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

[@PaceMorby]

Agree!

[@CharlieKaine]

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!

[@PaceMorby]

Glad you enjoyed the video Charlie! 🙏🏼

[@thomaslegacy723]

🔥 🔥🔥🔥🔥🔥info and the beat in the background cranks

[@tammyrealty]

Amen as far as being an agent I am one and I hate it I hate traditional b******* agent b******* that we have to put up with If anybody's seeing this I would say if you think that you want to go into this business as a real estate agent and you think it's going to be so much fun think again That's why I'm looking at this I like real estate and I want to help people but the traditional real estate agent is b******* and it's cutthroat I don't care what anybody tells you

[@AdrienneGrasso]

Love it! Go Ty! Can't wait for more videos on buying and selling businesses with creative financing!😊

[@sharonsanita5840]

This was awesome! Why would you ever want to use your own money? Thank you Pace for the explanation.

[@pmartbrown]

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.

[@PaceMorby]

This is the comment.

[@treypappas9856]

Another banger vid, bro! Thank you for the constant education.

[@TheCorperateShooter]

Pace what are your thoughts on squeezing in a meetup in the Midwest 2024?

[@ChoiceCrosby-RE]

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!

[@PaceMorby]

Yess love to hear this!

[@houstonia4544]

Pace is a great human being, best example for a Christian

[@JordanVanDelinder]

Thanks Pace ✌🏽 a lot of us needed to hear this

[@PaceMorby]

Thank you for being here Jordan! ✌🏼

[@benscalzo8649]

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…

[@PaceMorby]

TC are the BEST

[@gyphtedmario8975]

This was really helpful 😮😮😮😮

[@brucewolf4info]

Awesome teaching, I wanna be a Ty!!

[@ladylildizzy1]

How can i find a good transaction coordinator?

[@eliasbutcher859]

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.

[@Eva-123-v4w]

This is so true

[@yagirlllwavy]

You’re amazing Pace. Truly.

[@PaceMorby]

Thank you!!

[@RonaldMondesir]

🐐

[@damianflores6162]

your the man Pace!

[@PaceMorby]

Thank you bro!

[@louismallia6656]

pace morby MR HEAVY DUTY

[@PaceMorby]

🤣

[@jeffreylonghr]

Should do a whiteboard Wednesdays ;>

[@odilialinares9503]

“Forget about your money”. Yes

[@nandingpanelo]

Thanks Pace

[@PaceMorby]

Thank you bro!

[@johnjslatteryherbalist]

This video was fantastic. Nuts and bolts of deals really appreciated! I’m looking forward to getting started on this path!

[@PaceMorby]

THANK YOU!

[@pascalechibe6934]

Love this guy man

[@furygaming180]

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?

[@dojoparsnip9905]

Thats between you and your partner. how much do you bring to the deal?

[@tinyhomeviewer4858]

I would like to see a typical partner deal breakdown when 1 person brings 0$ and the PMP brings all $. @@dojoparsnip9905