Know THIS Before Selling on Seller Finance!

[@ryf.999]

"Bake their cake, and eat it too." Oh my gosh. That phrase finally makes sense lol

[@PaceMorby]

😂🤝🏽

[@jordan9752]

It’s have your cake and eat it to too😂 it is in reference to something you want to keep but also want to use. If you have a beautiful cake and you want to keep it then you can’t eat the cake because if you eat it then it’s gone. so you can’t have your cake and eat it too you can either have it OR eat it not both (yes I’m aware you could just eat a portion keep a portion but I didn’t come up with it 😂)

[@kbush1868]

It's always been a dumb expression... But yes, his version and use actually makes sense.

[@harleyehuffinejr2432]

Thank you very much for taking your time making this video and your team

[@reinvestor7485]

Very illustrative, concise and straight to the point video.. thank you for these gifts.

[@PaceMorby]

Glad you enjoyed!

[@raceking287]

Keep the white board for more information about deals and gives excellent teaching points for us to learn. Thanks again Tony

[@rcollazo68]

Love the whiteboard videos, keep me up to date and refreshing our knowledge…..thanks Pace…..👏👏👏

[@PaceMorby]

Glad you enjoyed! ✌🏽

[@lennyzambrano7362]

I wanna say Great Job Guys Pace and team. For putting together great value information of Creative finance....

[@PaceMorby]

Glad you enjoyed Lenny

[@pberggre]

So good thank you Pace. I’m going to be a millionaire thanks to God and you!

[@patrickcarter8417]

Love the white board teaching , I use to do that in my old business , now all I have to do is use that skill to learn this business

[@JorgeMartinez-jt9xx]

Love the white board teaching Pace. Keep it going.

[@PaceMorby]

Thank you Jorge! Glad you enjoyed the video💪🏽

[@paparuda1968]

Sweet! Thank you Pace,and the Team!

[@frankyyvaldez]

Whiteboard videos are the best they give us a visual representation

[@PaceMorby]

Glad you enjoyed!

[@bennycastillo5100]

Pace, I have watch lot's of Real Estate related videos they are nothing to compare to you content videos! THANK YOU!

[@JoJohnson-r5o]

You are a great teacher I enjoy learning. I really appreciate you.

[@jennifersoto-burrell858]

Brief yet thorough ❤

[@PaceMorby]

Glad you enjoyed🙏🏽

[@aprellehawkins]

Literally, this is everything. Thank you so much.

[@PaceMorby]

Glad you got some value from it

[@andyscorner101]

Great whiteboard. Best I have ever seen. Keep it coming. Best of luck to you in all your endeavors.

[@pattygremm4393]

Shout out to Dave Uyan! One of your students I met yesterday in Vegas.

[@RJ4Loans]

Love it Pace. Great video. Thanks for all that you do.

[@PaceMorby]

Thank you bro! Glad you enjoyed🙌🏽

[@kennethmartin7138]

Great video! Thanks for explaining in detail. I appreciate the knowledge that u give . 💯

[@PaceMorby]

Glad you enjoyed. Thank you for being here bro

[@chainsawerekson2972]

Excellent Jedi! Always well done. Thanks for the upgrades. You're a class act with heart and style. You bring beauty and opportunity everywhere you go. You're one of a kind bro, it's how you make the world spectacular. You do it every day. Thanks again and for everything I'm learning.

[@PaceMorby]

Wow, thank you!

[@kgannonhorses]

thank you for your videos and for building a community that is impacting thousands :)

[@PaceMorby]

Absolutely!

[@JerryWalkerIII-ik5wu]

So informative Pace. I like the instruction content.

[@PaceMorby]

Glad you enjoyed the video!

[@DesirableLibra777]

Thank you for the breakdown. Found this after obtaining these bullet points watching videos from a year ago 🙌🏾

[@PaceMorby]

Glad it was helpful

[@justinkendrickchannel]

Love the whiteboard!

[@PaceMorby]

Thank you bro✌🏽

[@AD-eb7ft]

Pace and team - awesome!

[@PaceMorby]

Thank you! Will let my team know🙌🏽

[@babewhite1k458]

i really appreciate all your videos there really helpful i just started studying real estate wholesaling January an self taught my self with out a mentor an i just close my first deal last month an i,m in Jamaica i close no my first deal in South Carolina area we appreciate what your doing you been changing lives

[@lupitaguarista6033]

Eye opening! whiteboard video ❤

[@PaceMorby]

Glad you enjoyed the video🙏🏽

[@davidarredondo8037]

😂😂 dude you're a comical genius 5:19 great information

[@chris23805]

Perfect video pace

[@PaceMorby]

Thank you bro🙏🏽

[@Beluel]

Awesome teaching

[@Savingusnow]

I like the white board format. I like the hard truths.

[@PaceMorby]

Thank you! Glad you enjoyed

[@aniascantu8793]

LOVE THIS!!

[@PaceMorby]

Yess. Glad you enjoyed bro!

[@wildedgehosting]

Love the whiteboard (visual)

[@PaceMorby]

Thank you! Glad you enjoyed

[@jcor3868]

Yes absolutely learning something every time

[@PaceMorby]

Thank you bro!

[@jcor3868]

@@PaceMorby thankyou, I'm in socal I know you said this is not a good place for what you are doing but I do want to learn and succeed in what you do.

[@trarchee]

Great video… !!!

[@PaceMorby]

Thank you bro🙌🏽

[@JordanVanDelinder]

Whiteboard work is great ❤

[@PaceMorby]

Thank you bro🙌🏽

[@frankyyvaldez]

This was extremely helpful for a lead I have right now.

[@AlyiaLebrie]

Such a great video! Good information!

[@PaceMorby]

Thank you! Glad you enjoyed the video

[@levigonzales866]

Question- Whats a good length of time for the deal with the seller?

[@franklinokeke7848]

Great video! The white board is something for me 😊

[@PaceMorby]

Glad you found it valuable

[@gregorriusadolphus2729]

Great video! I am facing a situation like Shenieka myself. My only question is, if you hold a mortgage, most banks have a clause that if you transfer the note or deed of trust into someone else's name, they can call the note due. Has this been common?

[@Michael_Snoderly365]

White board. I am greatful! Thankyou.

[@PaceMorby]

Thank you bro!

[@LauraAM1010]

This was excellent info. Tysm. ❤

[@PaceMorby]

Thank you for being here Laura✌🏽

[@RJones-hp6ym]

OHHhhhh!!! Aha moment. Got it. Thanks Pace. Your awesome.

[@stevenfouts9150]

The white boards are great!!

[@PaceMorby]

Glad you enjoyed bro!

[@jaydipdattani8403]

Watching from Brasil 🇧🇷

[@thejohnnaccarato]

Great video Pace!

[@PaceMorby]

THANK YOU

[@ArokNews]

Keep the knowledge coming, thanks

[@PaceMorby]

Thank you bro!

[@millennialmommoneymagnet3340]

Great video. For sure you brought value. I’m thankful to you. I’m a new subscriber and looking to buy a laundromat and apartment complex.

[@cryptodwayne5174]

Can you do a Video, Or briefly go over the new law concerning. Privately held Corporations, And how you're going to handle it.

[@Mrfletcher490]

Love the white board videos!

[@PaceMorby]

More to come!

[@patguillory8102]

Great video thank you!

[@PaceMorby]

Glad you enjoyed bro!

[@hectorosoriojr.156]

love the white board, when i can see it.

[@Subtosean]

In this case, does the seller still need to pay their mortgage?

[@neckhammockothermusthaves7476]

Mind is blown!!! Extremely helpful and clear!! Thank you so much! I am curious... that 50% rate of selling in 1 year-- was it always like that? I mean, our society was once, pretty decent. :) I'd be interested to see when that rate went to half, you know? :) I knew one guy who'd been a landlord for over 40 years through several properties, only getting out of it in 2020. :)

[@BrandonDukesWealth]

Awesome video

[@PaceMorby]

Thank you brother. Glad you enjoyed!

[@scottfrazier-buildingonpurpose]

Good stuff!

[@marckuhnmak]

Great info here!

[@PaceMorby]

Marc! Thank you brother

[@matthewmitchell60]

When the property needs rehab & repairs $55k do i take out a separate private funding to cover the cost if i keep it.? If i wholesale it the cost is passed on to end buyer as part of entry fee? Sell price $235k rehab $55k down payment $10k interest rate 5% 30 year amortization 10 year balloon thank you

[@terrelldeppe8468]

Awesome! Your best video yet. BUT how do you get away with 0% interest? Doesn’t the government set minimum’s for interest on loans? Why doesn’t the AFR apply?

[@PaceMorby]

Ask that question to a muslim who are not allowed to pay interest. How do they buy and sell things in america?

[@MohammadsSadiqi]

Very good info thanks

[@PaceMorby]

Glad you enjoyed!

[@junecooper5904]

So if the seller for example has a 25 yr mortgage and has gone through 5 yrs of that and are now looking to sell the house are property. Are they transferring the remaining 20 yr mortgage over to you at X % interest?

[@TheHarveyTruthInc]

Pace, how long should you be in your property before you do Seller Finance?

[@dchall8]

Since 1538, according to Wikipedia, An early recording of the phrase is in a letter on 14 March 1538 from Thomas, Duke of Norfolk, to Thomas Cromwell, as "a man can not have his cake and eat his cake". Maybe you have an earlier reference about baking cakes and eating them.

[@kickinkentv5525]

My only thing about this is if she couldn’t get people to stay inside of the apartment how will you have the money every month to pay her or how are u going to get people to stay their if she couldn’t . My second question is if you’re paying her at 0 interest and she still has monthly payemts from the bank with interest. Wouldn’t that mean she’s taking on all the interest at the end. 3rd question if ur paying payments to people that still owe money on their house , ur paying them money for the mortgage plus spending money?

[@joedoceihill3639]

More whiteboard

[@PaceMorby]

Noted.

[@celiacrevelation2875]

What are the best RE investments if you don't have years to live and want to leave your family semi passive income?

[@bobhopkins433]

Yes, white board

[@Dline27]

Pace what about AFR?? Cpa amd atty say cant do zero% financing because feds make you take min interest? This true?

[@someparts]

Good stuff

[@RichWisemana]

!!!!!? !!!! WOW!

[@freewillchoice8052]

Thanks Pace. That board is bad a$$ bro

[@sydneyparsley408]

Yess 🤝

[@sharaudramey9336]

Wow!!!

[@joeschmoproductions1428]

I question the seller giving you loan rates below the AFR (Applicable Federal Rate), which comes into play for private loans. If you are getting a 0% rate on a loan, the IRS may subject the seller to imputed interest to cover the spread between the AFR and what they gave you for a rate. The seller would then be taxed on the imputed amount, not what they actually received as income. Why would the seller be ok with taking on this tax burden on your behalf?

[@antoniostephano]

Lived the Loved the video but would alao lovetje source dor thw Love the video but would alao love the source of authority for the syatement rhat the proverb is you cant "bake" your cake rather than you cant "eat your cake.😅

[@krispassmore]

More long form white board videos!!! 🔥🔥

[@PaceMorby]

Noted bro. Thank you!

[@toddjorgensen729]

Pace.....bring on more whiteboard vids and haters

[@mitchelllott]

💯💯

[@mikedpenny]

Couldn't he get his 90K guaranteed by adding a pre-payment penalty in his note that would equate to him getting his 90K, even if that was going to be created by charging 4% on the 60k for many years? Essentially the pre-payment penalty would be the difference of the 90K and the Interest payments he has paid plus 60K. I ask this because my understanding is the IRS frowns upon you not charging any interest.

[@alexandrerezende6227]

❤

[@MgtowRubicon]

Realtors are marketers, not deal makers.

[@TheSelgomez12]

Depends on your realtor. If the realtor is a deal maker they get clients thru referrals and marketing isn’t necessary. Help people make money and you will have plenty of clients.

[@1bobharvey]

True for most, but a few are very good with creative finance and make deals no one else would put together. Which helps all parties involved.

[@onlineincomeskills2486]

Wow, this can't be this simple.

[@MorrisHoldren]

❤