Pace Morby has become synonymous with creative financing, subject to deals, and flipping. He is one of the most educated players in the real estate game on all things related to non-traditional financing. He even taught Brandon Turner, the author of Investing in Real Estate with No (and Low) Money Down, a thing or two on today’s show!
Originally working as a contractor, Pace was hired on as a flipper for some popular iBuyer portfolios. He flipped over a thousand homes a year but was doing so without building any wealth for himself. This is when he began flipping his own homes and slowly, steadily building a portfolio of rentals that would provide him with the cash flow he desired. Did we mention he did this entirely without bank financing?
Since Pace is the go-to investor for all things creative financing, Brandon and David took advantage of his time on the show to ask him about subject to strategies, seller financing tips, and how he takes a seller from consideration to closing. If you’ve been wondering how to build your rental portfolio without down payments, credit checks, or preapproval from banks, this is THE episode to listen to.
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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup
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Watch “Triple Digit Flip” on A&E:
https://www.aetv.com/shows/triple-digit-flip
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View Pace’s Resources for Seller Financing and Subject To:
https://biggerpockets.com/pace
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Follow Pace on Instagram:
@pacemorby or https://www.instagram.com/pacemorby/
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Pace’s Businesses Mentioned on Today’s Show:
Start Virtual: https://www.startvirtual.com/
Equity Assurance: https://www.equityassurance.us/
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Grab The Book on “Investing in Real Estate with No (and Low) Money Down” 👇
Investing in Real Estate with No (and Low) Money Down
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Follow Brandon and David on Instagram:
@beardybrandon or https://www.instagram.com/beardybrandon/
@davidgreene24 or https://www.instagram.com/davidgreene24/
Episode 527
Show notes at: https://www.biggerpockets.com/show527
0:00 Intro
3:29 1,000 Flips Per Year!?
8:21 Outsourcing to Rocket-Fuel Your Real Estate
16:31 Subject To Financing
24:22 Protecting Against The Due-On-Sale Clause
34:58 Seller Financing
49:24 Taking a Seller from Consideration to Closing
59:24 Deal Deep Dive
1:08:16 Famous Four
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