Explaining Subject To IN PERSON With A Seller

Pace Morby goes on a seller call at a potential investment property to explain subject to and build rapport with the seller. The value of the home is less than what the seller owes, meaning if they sold the house they’d have to cut a check in order to walk away. As an investor the most important part of the deal is securing the mortgage rate already in place, which is Pace’s aim in taking on a property like this.
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎

[@jdulrick]

I love how empathetic and compassionate you are with her. And I am so sorry to hear about your brother.

[@you7uber5]

*her

[@franklinhopkinsjr1065]

Love the respect and concern shown and this was a great walk through…

[@Philibuster2]

Finally the videos weve been waiting for... the talks with the sellers

[@KittyontheMove]

This was very valuable. Thank you! It’s nice to see the compassionate side of investing.

[@robertmcrae3422]

This was awesome 🎉 just what I needed to hear,!! Performance deed.but you felt his needs frist. This is exactly why the community is blessed to have such a mentor!! Wow thank you so much!! Real Talk

[@marybright1]

So valuable to hear how you talk to a seller, empathize with them, help give them ideas for solutions. You gave him hope and finalized a deal. Such a win/win. Just earlier this year, I was in a situation with a house, not desperate but wanting to make a move and not in the best position to sell. I had an acquaintance reach out to me and helped me find a solutions that worked out for all of us. It opened my eyes to what can be accomplished.

[@brandongrennan7602]

Not amazing Grace, Amazing Pace. Let's go buddy wow what a great display of humanity, caring, and business talk. You rock Pace!

[@amyvanslambrook]

@pace Morby you are incredible! Lead with generosity and a genuine desire to help…and the blessings follow. You just changed this man’s life

[@oldskoolfunk71]

Maaaan this is Gold Thanks Pace for all you do for us.

[@dantenappi5655]

This is a great example of exactly how it can happen. Good stuff!!

[@RJ4Loans]

Great episode Pace. I appreciate your empathy, compassion, and transparency. Thanks for being willing to share your own story.

[@DanKohan]

I've been through tough times too, and it's really inspiring to see how you can make things better with the right advice and choices. Thanks for sharing this useful info!

[@christianhernannnnn]

Alright rich wholesaler

[@lyndastarwriter8507]

WOW - Pace, I've been watching you sincer 2020. NEVER knew about your life's challenges in 2008 w/ regard tp you mom, your divorce, losing a home and your brother. Thanks for sharing and I hope peace and love abounds, today.

[@PaceMorby]

Thank you 🙏

[@TheLastSatoshi]

Pace you are amazing!

[@marckuhnmak]

Great video Pace. Love videos like this!

[@paulbittengle8540]

All I can say Pace you and your organization are awesome.

[@cavin3368]

Thanks Pace for sharing ✌️

[@timesmasquerade2012]

Beautiful Pace - win win with a heart.

[@webuyhousesdenvercolorado]

This just proved to me even more that anyone can do this with Subject-To. I've been a fix and flipper, wholesaler the past 10 years and am so regretting I never delved into sub-to this whole time. Hell, it would've been the only thing I'd do if I knew it earlier. All good. Start today.

[@VeronicaGrimes_tc]

Hey!@webuyhousesdenvercolorado Are you looking to close Substo transactions? If so,I;m a TC. I can help you and when you need it.

[@kellygood1165]

Would love to see part 2 follow up video.

[@HeatherSky1]

Always love your content! If I get 20k from a private lender and use it to acquire and repair a sub-to property, what's the best way to get them their 20k back in 6 months based on current interest rates. Seems like a refinance wouldn't work, what about HELOC? Any other suggestions?

[@teisip35]

Honesty! Thank you, Pace!🙏. I appreciate your Christlike attribute❤️

[@rociopineda4659]

learning to help others from the best!!

[@Jimmyzheng12321]

Great video question is even you mentioned average rent is 1800 in the area and mortgage is 2100ish, even Airbnb or midterm rentals doesn’t make much taking over this?

[@imlistening2932]

Thank you!

[@Qwerty12771]

Yes! So I asked in the comments on another video why wouldn’t an owner just turn the property into a rental themselves instead of seller financing to you. One of the most obvious reasons was brought up in this video. “Can the owner cover the mortgage if the tenant doesn’t pay rent?” That’s enough reason on its own to get out of the property. I forgot to consider the stress and sweat equity involved in being a landlord, probably the last thing an owner wants to take on when they are potentially upside down. I can’t wait to get my first property! I live in CA and the FHA loans for 4 units seems to be the way I want to go. Even though the market is expensive here, I still want to buy here because I want to gain experience and I’m more comfortable with owning in the state I currently live in just because of the piece of mind of being in close proximity to my investment. Thank you for all your information.

[@PaceMorby]

Yes! It all comes down to pain.

[@MovingToHoustonTX]

Where can I find part 2 of this? I looked in all the videos, and I didn't see anything that looked like it could be it! :) Thank you!

[@sunnymoney1983]

Hey Pace, great stuff! I learned a lot and I’m a Realtor aspiring to be an investor, although it’s really hard in The BayArea where the mortgage even with low rates is always going to be higher than the market rents. Any advice?

[@cesarcabrera4770]

This a great information

[@zerotodeal]

Thanks for the Bonus and as always YOU'RE A FLIPPIN GENIUS

[@SherryXShi]

Pace is the best negotiator and storyteller, because he knows how to communicate effectively

[@evonnecram5538]

Great expanations, education and empathy. I definately know what it is like to loose your home fas a victim of identity theft. I would have handed my house over to someone under the right circumstances.

[@michaelpaul5801]

This is gold Pace!!

[@PaceMorby]

Glad you enjoyed bro!

[@eddiel.milesjr.1625]

Is there a Part 2 to this??! I desperately wanna know how this is a profitable deal.

[@JuanPimentell]

Thats crazy i service the neighborhood you live at!

[@HowardsWrld]

Great Video.

[@fawkmee]

I wish I knew about subto earlier this year when I had to sell my property at a loss because I had to pay agents.. 😭

[@wecanynot]

Liked the information and subscribed. Tried your settlement statement link with my info and it does not work. I would like the settlement statement. Please advise

[@PaceMorby]

Hey bro! Try this link instead: resources.pacejmorby.com/

[@vkdirector3087]

was great to hear your story mate and sorry for your loss! i get that this was an opportunity to show one of your strategies to students butttt here on the other site of the world in Australia, if you were looking to help her out her, she could just move out, rent the property out and go rent in the other suburb you spoke about !! this would allow her to keep the property and move forward ! is this not an option in America?? or do u just not bring this strategy up as it doesn't work with your strategy? great content love what your doing and how far u have come

[@500shit1]

She cnt rent out bc the VA loan

[@heath.medley]

Triple Digit Flip ... "its ok." 🤣🤣🤣

[@hotrodlincoln7186]

Hi, I was wondering wht service provider you use for your sub too deals? And would the service provider work on seller financing deals. Like how you did with your f150. But instead of them paying me having a service provider taking the payment out of the buyers accnt and depositing into my accnt?

[@MoreActionPodcast]

I would love to work with you , I memorized this conversation 👏🏾 I could do this all day long!! Really a great way to help people and have another stream of income. Just painted a rental for the SAME reason you brought up 👏🏾lol . money man ..

[@MgtowRubicon]

How do you handle insurance when taking title subject to existing debt?

[@bobhopkins433]

Is there, well there has to be some type of contract with Pace and seller, correct?

[@albinothug]

Beautiful

[@lizethgonzalez9131]

You can hear the pain in their voice 😮 that’s what I want to do !! Help people in need!! 🙏🏼

[@OctaviaBoesWifey]

I jsut talked to a title company and she said you have to have the lender's ok this deal, how are you doing it without that? I know a lot people are afraid the loan will get called, but if the lender approves it, then it wont.

[@saifshareef7194]

How do you respond to a seller's fear that they will recieve the house again if payments are missed? If the overall objective of the seller is NOT to own the house and the mortgage, why would reversing ownership back to them be a benefit when the payments are missed,

[@tristanbeavers4992]

pace you look jacked brother

[@therealmikejones4619]

Can I start looking for deals even though I have no assets and can’t really afford to buy a personal home?

[@cameroncook975]

So.. question... Where does this leave the seller? Can they not obtain another mortgage until the contract expires and someone pays off the original standing mortgage?

[@JohnHenryRei]

I install towers, rrus, antennas I’m always on the road aswell, 😢

[@shawnashaw1282]

I half expected you to start writing on the wall when you were explaining how it works to him lol

[@you7uber5]

*her

[@VuthChandyna]

You are so amazing..,

[@Kimtrammellmassage]

Question: At what point is the seller removed from liability?

[@ConradSpencerSimmonds]

from the camera angle standing there talking to him at the water heater, you seem TALL. 😀

[@RCCH-_-MND]

This is how you serve

[@Love-dy4nw]

9:25 Nice mirroring of body language

[@adriank2959]

Is this preforeclosure lead?

[@gloriakummer5357]

The one thing I’m having a hard time with is why is there not someone out there to help these sellers. In this situation where the house is not worth what he owes, it make sense, but what about disaster situations. I would feel horrible

[@barbthompson1628]

so there's closing cost even when you do sub2? what other fees are there?

[@VeronicaGrimes_tc]

@barbthompson1628 Hello! He has discussion this in different videos. You can always JV with a subto student who will have the correct documents. I'm a transaction coordinator . Let me know how can I help you in the future.

[@abdrabohal_wahashi7563]

How I can get consultation with u by zoom MR Pace plz … I’m from medal east

[@brockgreavesrealestate]

Okay you took over the mortgage which is probably low from covid. How do you then make money on a rental with the refinance interest rate probably being a lot higher? Is the goal just to acquire and hold? Maybe taking a loss on the mortgage payment because the rental income doesn’t match?

[@PaceMorby]

Buy and hold, rent out. Not refinancing.

[@LopakaIokepa]

​@@PaceMorbywould you buy in HI?

[@legacyXplore]

On the VA rental thing how could he not rent it out but you could after the sub 2? How would the sub 2 make it ok for the property to be a rental? Sincere question. This was a good video. I know it’s not for everyone but it’s shocking that this isn’t a standard conversation for every single seller and realtor after a failed listing. I can understand to some degree not up front. But I don’t understand how that wouldn’t be incompetence.

[@JosephHobbs-ql4sy]

My exact question too

[@erikgladish]

How do you guarantee she is out in 2 months?

[@RobertHasty]

Leave the hot water heater lmfao 😂

[@ittakeswill4746]

Does the seller continue to have the mortgage debt in their name? And what happens when they want to buy another home? Doesn’t it look like they have that debt? Thank you for sharing this.

[@ripvanwinkle3432]

If they cant afford the house and are upside down how will they get another anytime soon. Ita actually beneficial because they will have to have the money for a second mortgage.

[@ittakeswill4746]

@@ripvanwinkle3432 true but let’s say it’s been a year or two, then what’s the plan?

[@Asgro]

Yeah, I’m 8 mins in and wondering if this will be brought up?

[@TheDunndiesel]

poor kid. awesome you could help him out.

[@JonnyCash-qw2ps]

Hey I learned about subject to over 10 years ago my biggest problem to begin is I don't know how to begin or I know I will be very good at it because I am a people person do you mind explaining how do I start the process?

[@PaceMorby]

I recommend squadding up in the free group to get help from my trained students, they'll love helping you get your first deal! paceapproves.com/freefb-ytc

[@Profashionhair]

My question is, what about the bank? Do you need to notify the bank on taking the payments? If there is any change in the deed, the bank/mortgage company should be notified, so how do you go by it? What is the procedure?

[@PaceMorby]

You don't need to notify the bank. Check out this playlist: paceapproves.com/ytsubto-ytc

[@Profashionhair]

@@PaceMorby 😘thanks

[@bobhopkins433]

What I've been exposed to in a very short amount of time is amazing, although in (when see the link below) haven't seen one ?

[@PaceMorby]

Hi Bob, what are you looking for maybe I can help.

[@weareunstoppable935]

Could I be a gator lender from Europe?

[@mariaguild2024]

Was this owner Not able to make payment? Because why would he not just wait and hold on to his house for a few more years, Have a place for his family to live, and then sell when he has build equity?

[@BatistaInvests]

Shout out to Joe Crump who first introduced me to Subject to

[@199tigertail]

Washable paint!

One question. What happens with the property taxes when you buy a property subject to? They go high bc the homestead execption is lost after you buy it even if you buy it for the same amount the seller bbought it for 1 year before? Thanks in advance

[@wealthwithfreonphelps3976]

First! Freon Phelps was here!! Greetings winners!! Only like this comment if you're a winner!! 👀

[@cookedonafeeling]

Has part two of this been released yet?

[@PaceMorby]

There's no part two to this one, but I have a ton of Subject To videos on my playlist "Subject To"

[@cookedonafeeling]

@PaceMorby Thanks for your reply! I just found your stuff and it's incredible. Been binging all day. Really appreciate you, brother

[@yoshisaidit7250]

The magical part about Maricopa is the cops are more DT than other places.

[@mcanultymichelle]

But what if that young man wanted to take out a loan in a few yrs? Will his old loan be held against him???🤷‍♀️

[@PaceMorby]

There are ways to overcome debt to income ratio when applying for a new loan, I have a video about it kzbin.info/www/bejne/maqlg2aendp_pacsi=teTzoH2Rcz-W9WY2

[@jennyrosario1268]

Basically you’re just removing them from a really bad situation that they can’t afford the home anymore and to not jeopardize their credit history that’s where you come in

[@tonyt3067]

Interesting how Pace answered the question of can the seller rent out house with a VA loan. If she cannot, how can Pace rent it out and what liability will she have if the VA finds out?

[@troofseeker100]

pace what is your answer on this?

[@jacobwicka5496]

Pace owns the deed. She has the mortgage in her name.

[@tonyt3067]

yes exactly, a mortgage that doesn't allow for renters in the first year, which they are in. @@jacobwicka5496

[@camparker1990]

You can rent it out with a VA loan after it’s been the Veterans primary residence for 1yr.

[@tonyt3067]

right, so he basically has to wait it out, at least on paper@@camparker1990

[@malex1526]

You should go do something like this... but not at one of our places... here are some other options.... 🤥

[@Edvardlarose]

I’m a subto student let’s squad up

[@user-fq3wb2qj3w]

Are you in DFW?

[@edwinperez9878]

So you giving her 350k plus taking the mortgage off of her? I am confused how do they make money by giving you the mortgage?

[@PaceMorby]

Because she would have to pay out of pocket to sell the house.

[@edwinperez9878]

@@PaceMorby but are you giving her 350 as monthly agreement? Or is it a one shot deal? Also how do you corn up with ice much to give them monthly for the property?

[@199tigertail]

Semi gloss or eggshell for those who been there lol

[@LXRD-SUPREME-]

Having money makes people overly confident in them selves 😢

[@Shanita162]

Have you ever encountered a problem where the seller doesn’t move out as agreed? If so, what does someone do in a situation like that?

[@Majsayy]

Bro your arms are getting bigger!

[@leviwaldner536]

how the heck will you cashflow this

[@PaceMorby]

I'm at the point where I can buy and hold and let other assets cover negative cashflow if necessary, but we will probably still do this as a midterm rental.

[@leviwaldner536]

@@PaceMorby thanks for replying, looking forward to next video

[@ymh-productions998]

Am I missing something here?? If your plan here is to just do a regular rental and that'll cover the mortgage payments, why doesn't the seller just keep the house and rent it out herself?? Makes no sense.

[@hollywoodclipp]

Because they are in debt n don’t have the money to..

[@ymh-productions998]

@@hollywoodclipp huh? They have a mortgage. Just keep making payments by using the rental income

[@whatskevindoing]

Actually the buyer pays the buyers agents commission in the price of the house. That's what NAR is getting sued for. Please give accurate info.

[@PaceMorby]

Hey Kevin... Im not an agent... nor will I ever be. I also am not going through an agent... So I can setup the transaction however I want.

[@RexWetzel-sw6zj]

​@@PaceMorbyyou are a good man

[@christianhernannnnn]

Pace is so full of it! Where the "link" to the zoom call with the seller! And that is why I don't sign up for his program, like politicians, says they are going to do but never do it!

[@PaceMorby]

Most seller calls are saved for students, but I have a playlist full of them if you're interested.

[@duzzelrebello1814]

ive done arbitrage. i had 10 arbitrage. making 25k a month. you might not know how to do it properly. Don't knock it because it does work.4

[@tubez]

How does 125$ a week = 750$ a month😂😂

[@levonstilson9032]

Come on Pace, you know the Va 1 year requirement is flexible, and the buy only has to have a reasonable expectation of residing in the home for a year. You effectively lied to this man, you are in real estate and there is no way you don’t know this. Why wouldn’t you just be honest with this and just point to the fact that he isn’t in a position to rent financially?

[@stevengarcia2188]

Totally agree. It’s the intent to occupy for 12 months. This dude is a scammer big time

[@user-vo3vk3zh2e]

So he just keeps putting things out and charging so much for it i reccomend not getting it and learning it on your own if he wanted to provide value do it free and teach people quit calling people knuckleheads and talking about your deals actually teach!!

[@tierneyrose110]

This seems fake to me. Like the "seller" is just some dude pretending to be a seller cuz pace said he'd give him $50. Am i alone on this? A bit of intuition i suppose...

[@TruRoyalLogistics]

The lies about the VA loan here is so unethical. You see the lies in body language and response. A unnecessary lie as well ! No honest or principles … he’s looking to use his words against him … so predatory.. disgusting

[@KennethTaylor96]

He’s literally on a and e lol and you think he’s scamming or something your 2 funny lol

[@stevengarcia2188]

I agree with you… lol with subject to he’s literally keeping the same mortgage and turning it into a rental himself. This dude takes advantage of people in bad situations

[@KennethTaylor96]

@@stevengarcia2188 subject 2 is completely legal you just don’t understand it

[@stevengarcia2188]

I never said it was illegal. My comment was suggesting he mislead her about renting it out and having to occupy for one year. He’s literally going to be renting it himself and the mortgage is still in her name. He played her fool

[@KennethTaylor96]

@@stevengarcia2188 it’s literally going to be his place he can do whatever he wants with it

[@you7uber5]

Its a women not a him