Wholesalers: STOP NOW! This Strategy Will Make You 4X MORE in 2024

Tired of wholesaling? In 2024, there's a new real estate strategy that can make you 4x more profit than popular approaches like Airbnb, midterm rentals, or flips. In this video, Pace Morby breaks down why wholesalers should quit now and switch to this more lucrative strategy that’s set to dominate the real estate market in 2024. Learn how to multiply your income and stay ahead of the curve with this game-changing method!
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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.

[@PaceMorby]

If this video get's 1,000 Comments I'll drop you the TOP Subto Buyers/Sellers in each state! Also, here is the link to get my FREE $14M Private Money Lender List 👉🏼 pacesprivatemoneylenders.com/

[@antonsayoods335]

@@PaceMorby thanks I watch all of your video you are my role model I don’t find anyone like you in Canada that’s why I want you to come here as well because things are a little bit different here

[@KrisHarty]

Thanks for all you do Pace!

[@JlDaBlackSuperman]

Thank you!

[@MrsEarth-pf4cr]

OMG!!!! 🫢🫢🫢 This feels like Christmas morning. 😢😃 I can't even close my mouth right now. Thank u Pace! ❤

[@ChoiceCrosby-RE]

How do you find the buyers?

[@TopTierTC]

Love this! I’m using this strategy right now too and it’s amazing

[@reydelgado7442]

I don’t understand how the PML will get paid if I understood this correctly the house has no equity and the buyer Pace in this case will borrows around 25k for his assignment fee, commissions, closing cost and cash to seller. How or when will PML get paid?

[@jalabi99]

@@reydelgado7442 most of the time, the loan you get from the PML is interest-only with a balloon payment made after five to ten years. It depends on what they agree to. But if it's an interest-only loan, then you make those monthly PML payments to them from the revenue you get from the renter of the property.

[@jessec.8052]

Hi @TopTierTC in these sorts of transactions you've done, how much is the realtor getting paid? Are they paid a percentage of the homes approximate value? some other custom arrangement?

[@chriscarcich7239]

Thanks Pace! (And Eric!) for all the great content and resources you provide.

[@MrsEarth-pf4cr]

🔥 best on these interwebs

[@marylouisone]

Always impressed with your brilliant and progressive thinking

[@danlee1027]

An agent understanding subto. Always a feat. Kudos! Sometimes losing or about to, is the best teacher

[@realestatebycamrie3357]

OMG.. you are such a blessing to the real estate community. Thanks Pace for all you do

[@angelacorbin7286]

Wow Pace...I'm always impressed with your teachings. Thanks for being such a giver to us all. Blessing Sir

[@dfwhousebuyers9950]

Thanks so much for sharing these powerful tips!

[@iamcmadness]

The Man the Myth the Legend

[@QueenMaureenn]

Always learn so much from you Pace! Number one creative finance go giver💯

[@jamarmills8575]

I'm going to use this on the Multifamily space 🔥🔥🔥 Thank you my fellow Pisces

[@markbelasco8680]

Great content. Thank you

[@BlocksREI]

Great video Pace! Thank you the gems!

[@ChristeenPrice]

Thank you for this new way of thinking.

[@johnredacted5141]

this helped alot! watching a few more times and looking up other videos to fully know how it works!

[@larrysams6904]

Wow-Pace this is Home Run Material! Thank you so much.

[@dandavijayareddy2622]

Hi Pace, this is Vijay Reddy enjoying your videos a lot, great information and I am almost ready to bring some deals to you for either subject to or creative financing. Thanks again.

[@realestatemanzo]

Totally amazing strategies anyone out there can do!! Awesome work Pace Morby and Eric Bahlman!! ❤

[@hugohomes1406]

Fire 🔥 as always! I’m going to have to start doing this now!

[@crazychris60]

This video was amazing! I'm definitely going to be implementing this strategy

[@carolynstrachan1416]

This has been absolutely helpful. Thank you, Pace!

[@snowwhite1768]

You are great teacher!👍🌎

[@scottmadden3810]

Going to have to start looking into this strategy for sure

[@everythingbyjohn]

What if the homeowner put in place stops paying?

[@chubbrock67]

@@everythingbyjohn I have these same questions. I imagine the contracts have to be very specific and done by a very good lawyer. "If the new homeowner stops paying, "you" as the bank foreclose on the new homeowner". You get the house back and start all over. Then "you" the bank personally would be responsible for the monthly mortgage payments to the original bank/owner that is still expecting their payments. Maybe you can include something in the original contract that gives you some room if something like this happened. The same thing could happen in any of the rental situations with this owner finance process I imagine. I think it would be all in the quality of the contract.

[@marylouisone]

And thank you for the link always 🤗🙏🏼

[@TheSbaty]

We’re doing this as well. There are so many ways to make money with a property that if you aren’t learning and utilizing all of them you are throwing money out the door.

[@jessec.8052]

So these sorts of transactions you've done, how much is the realtor getting paid out? a percentage of the homes approximate value? some other custom arrangement?

[@sonnytimpkins9699]

Pace , if you could run through this on the white board it would be very helpful.. Thanks Pace, great stuff!

[@jimmullinnex]

Hey! I recognize that property! Good times💯

[@nikolaiboutvine58]

What are the numbers. Its hard to cash flow $500 with private lender in there. Second, why would you need to move deed in second byers name, lease option or land contract would work better in case you need to get deed back into your name or evict.

[@RealSteezyDeezy]

Pace is My Hero!

[@JorgeAvila-ow4hc]

Love it Pace

[@juliogallegosrealestate]

Knowledge is power 💯

[@j_garcia954]

Very interesting, love learning new financial independence techniques

[@boman2000]

This is phenomenal info. I remember you talking about this at the creative finance workshop in Scottsdale with Kevin Choe. Top Tier information. That $15k tip was the biggest piece of valuable info I left that workshop with. 💪

[@SiftingPerspective]

Excellent video Pace!

[@Evolutioninvestmentsllc]

Man this is amazing!!!!

[@AirisemoCreighton]

Love the video pace!

[@vwoolford1]

Thank you, Uncle Pace!

[@marylouisone]

By the way I clicked on your add because of your cute daughter in it she is adorable God bless her 💜

[@pascohousebuyerllc4060]

Great stuff Pace as always! My biggest question is how is the private lender protected in the deal. They will be in 2nd or possibly 3rd position correct, on top of a lack of equity…?

[@ABC-gs3fe]

they sit 5-7 years on it.

[@theluxuryrentaldoctorshow]

I couldn’t agree more with this! For my medical professional community working full-time professionals... I always say less is more. Instead of wholesaling, quickly purchase a property and dive straight into midterm rental insurance strategy. It's a faster path to building a sustainable income stream with less hassle and more long-term rewards. Thanks for highlighting the hard truth about wholesaling.

[@2aharvey]

Great ideas Pace!

[@MollyTennant-jk8om]

Love this🎉

[@Wyattvaniderstine]

LOVE YOU PACE

[@erimorelos5201]

would like the link to that propstream video!!!

[@crazychris60]

Thank you Pace

[@wealththruturnkeyrealestate]

Thanks for the great content!

[@DanielRoath-q2o]

t's great how straight forward you make it

[@ConcreteCrafters-ye1uz]

Thanks pace!

[@saleshooks]

this sounds awesome

[@josephboylan3018]

Literally just got off the phone with my former coworker to do my first subto deal! Wrap around at the end makes perfect sense. 5 years as an agent but the transformation is happening quickly.

[@REIwAlexY]

great job man! As a subto student, I absolutely LOVE working with agents that want to level up to become unicorn agent investors.

[@ladellcarroll3058]

Whats the exit strategy?

[@adam_catledge]

Let’s Go🎉🎉 way to share the wealth @pace

[@DafiriIrimagha]

Do you help buyers in the state of Louisianna?

[@Urfavrealtorearl]

I know a little but I’m definitely trying to learn more!

[@kylewest9403]

I assume the monthly payments from the new buyer pays the pml which allows you to still cash flow the 4-500. Brilliant as per usual. Thank you Pace! 🙏

[@chrissteele8800]

Awesome. Also will the pm lenders lend to us. I know they will you but what about someone who hasn’t done one of these. Thanks.

[@sperea6472]

How do you find wrap buyers for these kinds of deals?

[@jamesfrazier4650]

So in this situation when and how much do you pay the private money lenders back and for how long?

[@bertwright6327]

Phenomenal!

[@dp-hz9oe]

What was the catch when you asked the lenders for the money did they want a percentage or?

[@tjbean6472]

I want to be in this guy's community!

[@watchm3makeit24.7]

This is gold!!!

[@Richard.A.diaz.10x]

New agent. Very excited to sell and build my portfolio at the same time!

[@rcbturbine9]

Totally Brilliant.

[@chrissteele8800]

Awesome. Did u set a balloon payment with ur buyer

[@jonathongeiger27]

Great video

[@zKaRiisMa]

So wholesaling version 2 ?

[@antonsayoods335]

When you r coming to Canada pic

[@KevinKidwell-v3c]

I will give you credit, your mind is always working on that new system to make money. Since you are the bank now, Is this a loan that shows up on the buyer's credit report? If not, what makes them accountable from just walking away from your seller finance deal if real estate values plummet and they see no value in the deal for them any longer? No hit to credit combined with folks who can't secure a traditional bank mortgage looks to be a problem waiting to happen.

[@Beluel]

Hey Pace where the 15k come from and how?

[@Annie-h7b]

What are your terms to pay back the lender?

[@ThatManSimmonds]

Hey Pace why not do a lease option? Was the situation/scenario not suitable for a lease option? Was the ‘wrap’ a better option for the buyer in this instant?

[@sandrad9695]

I thought a wrap was the same thing as a lease option. No?

[@ThatManSimmonds]

@@sandrad9695 nahhh...they are different....but almost the same. A wrap doesn't have an "ending" per se; but a lease option does...(e.g. 3,5, or 7 years before the deal might reset....if the buyer does not execute the "option" to buy..... ; )

[@sandrad9695]

@@ThatManSimmonds Got it. Thanks!

[@iamcmadness]

We just got off the phone with Ariel 💪-Jeff

[@elviejoeduar]

How do you find the seller finance buyer?

[@felipebernalgarcia6920]

Awesome 👍

[@anthonycorman6304]

I have been working hard, learning learning learning, but not remembering anything, you have to live the lesson. The learning was wasted not doing the right thing. I challenge everyone to do something now.

[@andyscorner101]

If you've been doing all that learning and can't remember anything it simply means you have not taken any action. Join a REIA group and mingle with other investors and they will help you in your journey. It's not magic, its education + common sense + action. FOCUS on what sector you want to invest in ie; subto, fix and flip, buy and hold etc etc and then take ACTION. It's that simple. Good luck to you.

[@anthonycorman6304]

@@andyscorner101 thank you Andy., I wam honing it down.

[@JoeJon3s]

So you got a loan to give a loan?

[@carlosmaldonado-mv5sj]

Hi Pace, I bought your book wealth without cash last week, how can I watch the videos that accompany the book? Thank you.

[@PaceMorby]

It's a QR code It's near page 146 in the back of the book Scan it, and it'll take you here: get.biggerpockets.com/creativewealth/ Password: creativewealth

[@likes-yv3lj]

Question how many deals per year are being whole saled

[@ABC-gs3fe]

Looks easy if you Pace.. with community of investors and etc..

[@JlDaBlackSuperman]

Hey wonderful people I have a question. If you wrap a deal like this (seller the sub-to property on owner finance to a end buyer) do I still get tax benefits from that property or will the new buyer will?? Also what if instead of owner financing it to another buyer I did a lease option instead? Would I get the tax benefits doing a lease option?

[@amoniwatson3795]

What if I’m not licensed? I also don’t understand sub to but I’m willing to. Is the turnaround time quicker than wholesaling? I’d like to make money as quickly/efficiently as possible to leave my job

[@andyscorner101]

You don't need a license to do this. There are plenty of sub to videos on You Tube so you don't have to pay any guru. Join a REIA group and they have people that will point you in a direction to learn sub to's as any effective RE atty will also do along with any good title company. This is not magic, it's just education + common sense + action. Never use any of your own money if you can help it and always compare hard money lenders rates and terms. I was doing wraps in the 80's and again, its not magic. Good luck.

[@Edvardlarose]

I’m a Subto and gator student. Let’s connect

[@ItsTimYu]

Ayeee same here brotha!

[@JoeJacksonsBelt]

My family and I are facing eviction soon of our don't come up with 5k how can I do this? I keep getting close but coming up short lost 3 deals😢 my 9 to 5 just isn't enough

[@reydelgado7442]

I don’t understand how the PML will get paid if I understood this correctly the house has no equity and the buyer Pace in this case will borrows around 25k for his assignment fee, commissions, closing cost and cash to seller. How or when will PML get paid?

[@ABC-gs3fe]

it’s magic 22,5 k Pace put in his case! others it’s others troubles

[@9to5killaCartel]

I'm doing my part...2 comments for the day....where yall at?

[@derekjustin09]

thats nutzzz.

[@yeahthatdamon]

Love overfunding on the front end. Kinda surprised more PMLs don't have a problem with it.

[@Grace-hw4oz]

@1:36 to @01:51 a person can find the type of house that pays showed in this video through expired listings

[@Grace-hw4oz]

LOL 🤣 the word spelled: pays is actually supposed to be spelled Pace

[@jameswright5417]

To find wrap buyers. 😮

[@cryptonian7706]

so your buyers arent able to get a loan. if the banks dont trust them, why do you trust them with paying you?

[@danlee1027]

Can run basic credit check, but worse case if new end buyer defaults you can foreclose..or better yet receive deed in lieu and get back faster.

[@EddyCharger]

So good!! Thanks for everything you do Pace! I’m here in Atlanta and for the last 2 years I’ve been helping agents make a fortune learning how to do creative deals instead of getting fired from their listings!! It feels so good to help people. The seller gets help, the agent get help and of course me and my team. Win, win,win!

[@9to5killaCartel]

Get to commenting folks!!!

[@Wyattvaniderstine]

LETS GOOOOOOOO

[@dustin_geroski]

🔥🔥🔥

[@reydelgado7442]

I don’t understand how the PML will get paid if I understood this correctly the house has no equity and the buyer Pace in this case will borrows around 25k for his assignment fee, commissions, closing cost and cash to seller. How or when will PML get paid

[@danlee1027]

From new end buyer payments

[@tonyacres-f9i]

So did you get your private lender to loan you the $15,000 plus closing cost. You then pay them monthly then sell it on a wrap?

[@User_91hsj]

“I don’t care about the purchase price” boi is this going to end well lol. Let me guess exit strategy is either renting or ‘wrapping’ this bad boi another buyer to get screwed.

[@seansoc14]

I’m over wholesale eff this

[@everythingbyjohn]

Haha I hear you

[@ItsTimYu]

Wholesaling suxxxxx!

[@LudFonso317]

This is hard for me to understand somebody help

[@randylove-vt6qo]

curious why did the leander give u the money ,overfunded

[@juanmaldonado2096]

They trust each other and lender will make more money back with a interest rate set between pace and the lender.