The Power Player episode features Pace Morby, a real estate investor known for his innovative strategies, sharing his experiences and insights on creative financing in the real estate industry. He primarily focuses on buying existing debt and seller financing for B-class and C-class multi-family properties. To find potential sellers, he uses a prop stream to filter for older landlords looking to retire or who have mismanaged their properties. Morby shares an example of a 43-unit deal where the seller financed $4 million with zero dollars down, four percent fixed interest for 50 years, as he wanted the income for his son.
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Summary of Transcript:
The video features an interview between Power Player host and real estate investor Pace Morby, where he shares his experiences and insights into the real estate industry. Morby is known for his innovative strategies, including buying deals with no money down. He explains how he focuses on acquiring existing debt and seller financing, specifically in the B-class, c-class, and multi-family sectors. Morby shares an example of a 43-unit deal, where the seller was a tired landlord who wanted to avoid paying capital gains taxes. The seller wanted the income but wanted his son to have it in the future. Morby secured seller financing for $4 million with zero dollars down, 4% fixed interest, and a 50-year amortization period. Morby emphasizes the importance of prop stream, a website that provides data for finding tired landlords who may be mismanaging their property due to age or other factors.
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Summary of Description:
Grant Cardone interviews real estate investor Pace Morby, discussing unique and profitable strategies for investing in real estate. Cardone admires Morby’s insights and encourages audience members to follow Morby’s work. The video serves as motivational content for investors looking to expand their knowledge and make moves to increase their wealth.
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Source Description
#investing #money #motivation
Creative Investing in Real Estate with Pace Morby & Grant Cardone –
On today’s episode of Power Players, I have with me @PaceMorby Me. My wife and I have been following this guy for years. Today we will discuss some exciting ways to make money in real estate. This guy blew my mind and showed me some stuff I didn’t think was possible.
Be sure to follow my friend @PaceMorby
Be Great
~ GC
