You Can Make Millions In Real Estate With This EXACT Method

You Can Make Millions In Real Estate With This EXACT Method | Pace Morby

Рет қаралды 30,554

Күн бұрын

Creative finance expert Pace Morby talks game on how he buys 100s of millions of Real Estate with NO Money and NO Credit and gives the step by step on how you can do the same thing!
The world of finance can seem so complicated, but Pace is a MASTER at simplifying things with explanations, examples, and real-life stories. That's what happens when you're a true veteran in your field. Experience is everything.
He drops a TON of gems, so be sure to watch till the end. This was a great conversation.
Check out his stuff if you want to learn more, you can find him ‪@PaceMorby‬
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Пікірлер: 140

@1MarkMoss 5 ай бұрын

🏘Interested in working WITH MARK in creative finance and build massive wealth in the final stages of the Inflation Cyce? Let me know right here: ➡ go.1markmoss.com/realestate ⬅

@gpnulife 5 ай бұрын

Great video!

@devinks5 5 ай бұрын

This is one of the best videos I listened to in awhile. And with some practical guidance. I watched this twice over within 12 hours. 1st time was just listening, but the second time I got pages of notes. THANKS !

@CrypticCustodian 5 ай бұрын

Mark moss this is no doubt going to save me a year on my first house build thanks..

@NatiaMaisuradze-ey5iq 5 ай бұрын

"The repetitive nature of financial market dynamics is evident. Artur Grandi's book outlines a practical approach to stabilizing investments and identifies opportunities for investment, including in the cryptocurrency space.

@mighty_wolf 5 ай бұрын

Wow this is one of the best interviews. So much value

@michellemakayla3310 5 ай бұрын

Great conversation! Thank you 🙏🏻

@NishantSharmaverick 5 ай бұрын

Such an informative video, Mark. Tookcopious notes, learnt a lot. Keep bringing such guests.

@eddiemalvin 5 ай бұрын

13:25 perfectly explains why, as a seller, I would never be open to a "subject to" deal. Why would anyone tie up their credit for the benefit of someone else while carrying the risk of non-payment? I guess it works for some people but I hope I never reach that level of desperation.

@CLRDJRCLRDJR 5 ай бұрын

Great way to put it. A subject to deal in general sounds like a deal of pure desperation.

@675Apollo 5 ай бұрын

What do you do when you have 7 properties cash flowing then Pandemic 2.0 comes along where the city / state allows your tenants to stay rent-free for a year or more?

@joshholm1000 5 ай бұрын

What happened in 1.0?

@ozc804 5 ай бұрын

Rental (Mortgage)Moratorium

@joshholm1000 5 ай бұрын

@ozc804 yeah but what happened to the landlords?

@Jaden48108 5 ай бұрын

Look for a place to hide from the money collectors? I owned a few properties in an adjoining town and got out of the business four months before the shite hit the rotary occilator. In other words I got lucky. I feel your pain, man.

@nj-bz8pv 5 ай бұрын

Yes never invest your money in dog poo liberal areas

@jayv9286 5 ай бұрын

Someday we need to have a discussion on real estate and the “Great Taking”

@formekinetics691 5 ай бұрын

What's the paperwork look like on sellar finance to protect yourself? If you make all the payments (hold up your side of the deal) what needs to be in place so the seller transfers the title once it's paid? What keeps the seller from saying you didn't hold up your side of the deal. What are the documents needed?

@a1isrising 5 ай бұрын

its called desperate or motivated sellers and it takes work but it works and some of the most financially sucsessful realistate investors iv ever meet have dome this and not just to get into the game but do it still because it can be the profit to be made

@KazIdrisYT 5 ай бұрын

This is a great conversation Mark, thank you. Pace really knows his stuff! A ton of gems here…

@1MarkMoss 5 ай бұрын

Glad you enjoyed it! Hopefully you got something from it

@jesusgil2256 5 ай бұрын

Great Video Mark! All this information help us a lot!!

@craigfield9037 5 ай бұрын

Lots of good ideas here. Engaging and creative thoughts. I do have concerns over their ideas regarding providing government paid rentals for immigrants because I can't believe the government can get away with that forever. If the immigrants can't pay your rent, and the government backs out, you are left with low end properties that won't cash flow.

@De-probationibus-conspiratio 7 күн бұрын

Springfield Ohio in the news I wonder if this guy would go along with all the corrupt nonsense going on in that town?

@alangiaconelli2919 5 ай бұрын

I understand investing. But how does inflating property help society on a whole. Henry George prophesied about the barbarians from within destroying society when this property inflation gets out of control. This is an Default issue not an Ideological one.

@joshholm1000 5 ай бұрын

It doesn't but that's the system we live in.

@JackofAllGigs 5 ай бұрын

It doesn’t help society this type of buying and then renting or selling to people at much higher mortgages is destroying the middle class and pricing a whole generation out of home ownership, during the 50’s and 60’s on a single janitors salary could buy a house buy a car and support an entire family but due to people like this very few middle class workers can afford to get into a house housing should be no more then 25 percent of the median income average they are taking houses away from good hard working people that should be priced between $900-$1300 a month in Texas and triple inflating the cost of them just because they are greedy and want to dip there hands into everyone money even though they are actually providing zero value they are causing the destruction of the middle class even faster and we need to shut these type of people down not just these but blackrock and vanguard need to be removed from the housing market you shouldn’t be able to buy or own more then 3 single family homes when others are struggling

@jl3268 5 ай бұрын

@@joshholm1000That system was CREATED. By those in the credit industry. We run on a debt system and never even see the credit side of our accounting. Banks access our credit side of the ledger and transfer it into a loan back to us with interest. The People are the creditors and don't even know it. Banks don't loan money but are in the business of buying securities.

@huwhitecavebeast1972 5 ай бұрын

@@joshholm1000 So we should help it along for for short term profit, then lose it all when the nation burns to the ground?

@joshholm1000 5 ай бұрын

That's the story of history. If you put yourself in a good position, maybe you can be a part of the solution.

@JeremyHelm 5 ай бұрын

12:37 here's the example. Sounds like people who own things that generate an income are willing to forfeit that income & the ownership of the property in return for a partial share of what that property already generated for them? Sounds like they went from boss to employee, except they didn't have to work. That's the person who will just give it away, then

@realestatemindset 5 ай бұрын

Overall you cant assume conventional mortgages. Its interesting that much of this "strategy" is based on contract violation and not getting caught "taking over" the loan by the existing lender or servicer. They could call the loan due immediately. The gamble is the lender doesnt find out and or doesn't care. That doesn't seem like a great way to start a real estate portfolio. But yes people make money cutting corners and finding desperate sellers and taking advantage of that desperation. If im not mistaken Pace charges only $8,000 to learn to master these skills.....

@huwhitecavebeast1972 5 ай бұрын

You can't call in a loan due immediately, that's been illegal since the end of the great depression.

@tombujnowski9349 5 ай бұрын

He's not assuming the loan. He's taking it over subject to the mortgage. Yes the loan can be called due. Pace explains in other videos how he deals with that. He's not taking advantage of desperate sellers - he's helping people solve their problem. Pace is one of the most ethical people in the business. He has a great you tube channel as well!! He is the ultimate so giver!!!

@1MarkMoss 5 ай бұрын

Tom, you get it, most people with victim mentalities are just addicted to losing

@realestatemindset 5 ай бұрын

Maybe we are addicted to doing things the right way. Buddy they dont have permission from the lenders to do subject to. That is a violation of the contract. At the very least we understand that part correct? What happens after the lender finds out is another story. So are we asking people with "no money" to also afford an attorney to fight out any court problems? Interesting that instead of warning about the pitfalls of this process you infer that if we don't buy into contract violation "subject to" we are losers? Wow I mis judged this content creator. Or im I seeing this wrong? @1MarkMoss

@realestatemindset 5 ай бұрын

@@tombujnowski9349subject to violating the contract and terms of the existing loan. Ridiculous. The seller is still on the hook. This effects their DTI and purchase power if ever they want to buy again in the future. I'd say he's helping himself and fooling the sellers. If you want to cut corners and violate contracts so be it but atleast acknowledge ot for the love of all that's holly

@rich9800 5 ай бұрын

56:04 excellent information

@johnnymula2305 5 ай бұрын

Im calling bullshit on buying a car at 16. No bank will lend to anyone under 18. They wont/ cant issue credit cards either. Unless you have a co signer. Listening to him. He sounds like another one of those “buy my routine” “join my club” and you’ll get rich too! Snake oil….

@ThankGod143 5 ай бұрын

is Sunil Tulsiani is same type?

@beverlyhoffman240 4 ай бұрын

Really great interview. Some one who seems ethical!

@robreke 5 ай бұрын

why would anyone sell an asset with owner financing if the cash flow of that asset was greater than what the loan payments are going to be? wouldn't they just keep the asset?

@edhiggins2917 Ай бұрын

Many people..like myself..Don't Want to be BOTHERED..WIFE..Kids Died in the home..PHYSICAL Reasons.. Health Reasons..I cant DO THIS..Here...Give me $$ a month

@MJLGEE 5 ай бұрын

Amazing!

@huwhitecavebeast1972 5 ай бұрын

Bot

@Pcoxproductions 4 ай бұрын

59:02 pay attention to leading indicators like laws, permits, censuses bureaus

@nmp3401 5 ай бұрын

You can ignore reality, but you can't ignore the consequences of ignoring reality. -Ayn Rand

@07Mihai07 5 ай бұрын

Very insightful interview! Thank you! I knew that it sucks to live in the US, but now I know it is much worse than I imagined! In any European country, when you sell your house, you pay 2-4% (if you want) to a real state agent and 1-3% in tax and an additional legal documents tax of up to 2%. That's it! So yeah, this type of approach is useful anywhere, but especially in the US.

@christinewillis7545 5 ай бұрын

Loved this guy Mark. Checking out his channel. Thanks.

@CLRDJRCLRDJR 5 ай бұрын

Have fun getting scammed.

@christinewillis7545 5 ай бұрын

@@CLRDJRCLRDJR speaks one who hides behind a fake id.

@raddadization 5 ай бұрын

This guy knows his stuff. Win/win on every deal is how you scale !

@johnnymula2305 5 ай бұрын

🤣 theres way more to it than what hes letting on. Im not buying it. I smell bullshit.

@Q-154 5 ай бұрын

@@johnnymula2305it probably takes a lot more work trying to find the right deal and the person who’s willing to work with you. It’s possible of course, but nothing is ever as easy as it seems. I’m sure this dude gets tons of “NO’s”

@jeremytpaul 4 ай бұрын

The reason this mostly doesn’t work in today’s economy is cause there are hardly any properties you can purchase, take over monthly payments for at that high price and then make a profit on. You can’t cover payments with rent in today’s market with such high prices. The other factor is, people don’t want monthly payments for years on end. They want a big lump sum!

@soundsnags2001 5 ай бұрын

This guy rubs me the wrong way.

@jemccauley 5 ай бұрын

Hello Mark. I am a realtor and builder here in Austin area. Happy to work some Subject to deals with you here.

@1MarkMoss 5 ай бұрын

ok, great, drop your info here: forms.gle/x3GSka8ZiY7QWrP77

@huwhitecavebeast1972 5 ай бұрын

Also, this guy didn't explain anything, he just said stuff like "I can make you 20k today". WTH was the point of this video? To tell us what everyone else including Robert Kiyosaki has said? Is this basically an ad for his channel, or what?

@1MarkMoss 5 ай бұрын

huh? he literally went through it step by step, as in "go to the library and use a computer"

@XavierRivera 5 ай бұрын

Great content!

@mikedeneault8467 5 ай бұрын

Amazing information

@russandrews3078 5 ай бұрын

Love it!!

@Adam-ic4nr 5 ай бұрын

This sort of business rubs me wrong as it adds no value to the world and simply makes home ownership more expensive for families as rich people use property accumulation to grow massive wealth. Doesn't seem like this helps the world as this guy gobbles everything up just to hold 🤷🏽‍♂️

@1MarkMoss 5 ай бұрын

adds no value? how about those people stuck in those properties for different reasons, it bails them out, that's providing value

@josephlee2318 5 ай бұрын

Fannie, Freddie, VA, and FHA write 80% or more unless your a vet. of the mortgages on residential real estate. These entities don’t allow for any of the scenarios this guy is talking about. VA doesnt allow assumption The others Fannie Most of the other type of mortgages are private mortgages because the property didn’t qualify for convential or va/fha financing. 25 -30 years ago these type of deals were popular…hence the financial crisis. They are very few and far between these days unless there is equity in property.

@bigtb 5 ай бұрын

This isn’t assumption though.

@bigtb 5 ай бұрын

The note, deed, mortgage are different instruments

@josephlee2318 5 ай бұрын

@@bigtbthe mortgages are secured by the property. Every conforming and gov’t mortgage has a due on sale clause as well as occupancy clause. They don’t allow wraps or subject to or lease back and will pursue liquidating the property if this happened.

@realestatemindset 5 ай бұрын

Its impossible to get these guys to acknowledge these facts. You're wasting your time. Pure reckless bull mentality. @josephlee2318

@lmagee1417 5 ай бұрын

This is the best youtube video, I have ever seen in my entire life, very informative

@1MarkMoss 5 ай бұрын

Glad you think so!

@nickgutierrez4536 5 ай бұрын

Thank you for reposting the video. I was in the middle of watching it when it was taken down.

@carlrichardiwersprahl3487 5 ай бұрын

Hi Mark and thank you 🙏 for your great knowledge you are delivering. A question: can you do the same thing here in Sweden do you think, would love to hear about that👍

@nextari 5 ай бұрын

call someone in Sweden. Do you really think they are going to research Sweden banking and real estate laws for you?

@87elky383able 4 ай бұрын

You dont need money to make money….if you already have money

@robscanlan 3 ай бұрын

Wow!

@_maximehamelin 5 ай бұрын

Massive added value in this video!!

@ryanhaveman1110 5 ай бұрын

Does this also work in some places in Europe? The tax system is different here.

@tmcd4840 5 ай бұрын

Who pays the property tax each year, you or the original owner?

@neilaleksandrov2655 5 ай бұрын

Fraud

@nj-bz8pv 5 ай бұрын

Yes a salesman

@gpnulife 5 ай бұрын

Awesome video!

@ronfesta771 5 ай бұрын

Me thinketh interesting that now we have resorted to taking Real Estate (unregulated) Financial advice from a., boy in a sweatshirt instead of a seasoned professional man wearing a suit and sitting in........ an office!@!?😝🤑🤪😁😁 P.S. Excellent interview Mark!!🙂

@DaveJohnsonMiami 5 ай бұрын

Ok, the seller of the Mobile park wanted $600,000. He agreed to zero down, zero interest at $11,000/month for 30 years. That's paying him $3,960,000 instead of $600k. What am I missing?

@onealaska 5 ай бұрын

Good info. Thanks Mark. *consider working on not interrupting your guest. He was on a roll and you appeared excited and felt the need to acknowledge or add your perspective. 🙏🏽

@jamesreal7987 5 ай бұрын

THANKS MEN

@andrzejbator6130 5 ай бұрын

Most of this comments look fake.

@robt6026 5 ай бұрын

How does this process work in canada

@soundsnags2001 5 ай бұрын

It's the same, but gayer and less guns.

@MC-nd3zl 5 ай бұрын

Dear Heavens sign me up! I would love doing this.

@AdorableUrban 5 ай бұрын

This guy is looking for desperate people and he convinces them to talk over their stuff, so crazy. What a weird bussiness structure and guy😆

@theliefilter6412 5 ай бұрын

Non of this makes sense. If the property is upside down how could pace take the property? If I have equity why would I give anyone a deal with no money down? I never do a deal where the other guy has no skin in the game. I think pace is a conman.

@ernestfung1140 5 ай бұрын

He could take the management right and subsequent economic benefit if he make the bank payment for the owner of a stressed property at a much lower interest rate.

@theliefilter6412 5 ай бұрын

@@ernestfung1140 it is very rare for bank to work with someone who is not the owner since they could of worked with the owner and modify the loan instead. The system that pace sells is not practical. I think pace is a conman.