Goodbye Airbnb, Hello Opportunity! (My Plan)

Рет қаралды 29,844

Күн бұрын

Airbnb Real Estate Gone Wrong? This Subto property was a cash-flowing Airbnb, but is it worth investing money into it in 2025? Here’s my new real estate Airbnb plan for this property in 2025.
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Pace is 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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.

Пікірлер: 73

@garrisongrush 3 ай бұрын

Can’t talk rn, Pace just posted a new video

@SSundeeGames 2 ай бұрын

As you are paying down the private loan with the $3k from Airbnb, what were you using to pay down the mortgage when you took it over? I believe you said you were using the whole $3k to pay down your private loan

@johnnelson7192 2 ай бұрын

Took over the payments for 5 years and sat on it unitl it sold in 2024. Damn

@machineheadfan1130 2 ай бұрын

Great info in this video!!! His return on equity was only 1.5%! He could reinvest that somewhere else and make even more money. Even with his cheap 3% mortgage rate his cash-flow was only producing 1.5% return on equity. And if he did a cash-out re-finance to avoid the tax from selling, he would still have the equity trapped! And the new mortgage rate would've been significantly higher at today's rates. The question is always what is your money making you. What's your return on equity!

@mariogonzalezrealestate 2 ай бұрын

mmm Harvest!!!!! Great analogy!

@krispassmore 3 ай бұрын

NOT THE STERLING HOUSE😢 classic OG

@gooseirl 3 ай бұрын

What he doesn't tell you is, it will cost you $10,500 to be on his team.

@HLS821 3 ай бұрын

You'll make it right back on your first deal.

@WadeCloses 3 ай бұрын

Just get it from a gator

@ykalakemendunbar6301 3 ай бұрын

Look everyone, here is a hater named @gooseirl. 😂😂😂

@blaze1206 3 ай бұрын

If it is not an invesment u asure to get more in return, then is not worth to gamble

@decabello67 3 ай бұрын

I paid the 10k, and then nobody wanted to talk to me. They only call me back when they want to sell me something else!!😫😫 Don't misunderstand me....I still think he's a great guy with a great program. Ultimately I just have to make it work, even if they don't want to talk to me. 🤣🤣 And I have🤑🤑... NO EXCUSES!!

@andrewdennis6209 3 ай бұрын

I must have missed it. Ultimately how did you harvest the equity from this property? The last thing he said was he doesn't like to refi it. Did he sell it? I guess he sold it and then somehow 1031'd into the fund. Would he have to pay depreciation back at the time of the sale?

@francis_rr 3 ай бұрын

hopefully he respond

@PaceMorby 2 ай бұрын

@@francis_rr Yes. We are selling and doing a 1031 exchange into an RV park.

@machineheadfan1130 2 ай бұрын

@@PaceMorby Oh I was under the impression from the video that it didn't make sense to do a 1031 because the equity would be trapped at a higher mortgage rate (7%). How did it make sense numbers-wise to still do the 1031? Was the tax bill too high? Or the RV park was just simply a better cash-flowing deal that produced a higher return on equity?

@alirosenstein1 3 ай бұрын

Awesome!! Love this - thanks

@go2sleep494 2 ай бұрын

no risk, but you borrowed money that you'll need to pay back. That's what i'm confused on. Any investment is a risk

@PaceMorby 2 ай бұрын

Great question. Come ask me a question on Get Creative LIVE on Sunday nights.

@andres_does_rentals Ай бұрын

150k net after mortgage payments?

@ajax8993 3 ай бұрын

Hey Pace, thank you that you're sharing your experience. Cannot realize one thing... Could you give me a favor to explain shortly here or may be in next video: How do you get ownership of the property with only taking payments for mortgage? 1 ) Does it mean that previous owner will just transfer own obligations to you and will move out without any compensation for the previous investments and down payment that he may did in the beginning of property purchase? 2 ) How do you compensate to previous owner his investment and down payments that he made already till the date of property selling? 3 ) Do you have any case like this in your practice? 4 ) If so, how do you deal with it? ~ Thank you in advance!

@PaceMorby 2 ай бұрын

I have 300 videos that answer that multiple times. Watch other videos too.

@frankmai1824 2 ай бұрын

Answer to #2 is in the video. The previous owner is losing money on the monthly payment and if he sells it through agents, after all fees and tax he will lose money to sell the house. So him getting no money just to get rid of the monthly payment and save his credit is a win.

@rmw090 3 ай бұрын

Harvest that equity baby! What do you plan on using your new gains on?

@PaceMorby 2 ай бұрын

RV park in East Texas. Cashflows $25K per month.

@ignaciosanchezofficial 3 ай бұрын

When do you or should you take owner withdrawals for personal income?

@PaceMorby 2 ай бұрын

I took $150K in monthly cashflow over the last 5 years.

@SergioMedinahouseValuesLA 2 ай бұрын

Why not wrap the investment for at least 1%??

@PaceMorby 2 ай бұрын

Because I have $350K cash tied up in it. Time to roll it.

@joannperna1143 3 ай бұрын

What about capital gains and tax liability due to the sale?

@tannerguinther 3 ай бұрын

If he rolls the cash into a larger asset aka his sub to fund and Multifamily then it transfers into the next properties tax free.

@REIwAlexY 3 ай бұрын

1031=no cap gains tax. thats the whole pt of real estate is to "never" take out your capital gains OR have enough depreciation/other tax write offs to offset any you do

@PaceMorby 2 ай бұрын

I wont have any... Im doing a 1031 exchange.

@melissaleak7241 3 ай бұрын

Hello Pace🎉

@tophomedesigner3769 3 ай бұрын

Also there was no supplemental tax?

@tophomedesigner3769 3 ай бұрын

In 2019 there was no 3% interest , how did you take 3% interest with subject 2?

@decabello67 3 ай бұрын

He didn't say the seller bought the house in 2019...he said he took over the house in 2019.

@michaelbarnhart4839 3 ай бұрын

Most mortgages have a don’t allow seller carry. How do you find those that do allow a buyer to take over payments

@rmw090 3 ай бұрын

You’re wayyyy behind the ball

@101realtor 3 ай бұрын

You don’t tell the lender and hope you aren’t in the small percentage of lenders who look into it and call the loan due. There’s some other parts of the contract that allow you to transfer back to seller and lease to own where your payment is their payment. There’s some potential legal issues you could run into but it’s all risk vs return.

@adatshhc 3 ай бұрын

@@rmw090Not helpful.

@adatshhc 3 ай бұрын

The provision that you are referring to is the Due on Sale Clause. They have a strategy that is simply put, gambling that tactics that the Subject-To communities have devised to obfuscate the sale of the property to the lender. If unsuccessful they hope to convince the bank to allow the note to continue to perform. If these efforts are unsuccessful they look at options with the original seller.