3 min listen
236: Rookie Reply: Creative Financing 101 with No Cash, Credit, or Credentials w/Pace Morby
236: Rookie Reply: Creative Financing 101 with No Cash, Credit, or Credentials w/Pace Morby
ratings:
Length:
46 minutes
Released:
Nov 19, 2022
Format:
Podcast episode
Description
Pace Morby’s name is synonymous with creative financing. In fact, you could say that he’s brought back a revival of strategies like subject to and seller financing. He’s been so successful with these strategies that Pace has been able to buy over six hundred rental units this year without using a single bank loan! He believes that now, even with rising interest rates and high inflation, rookie investors have a chance to get better deals than ever before!Welcome to this week’s episode, where we’re live from BPCon2022! We’ve brought in Pace Morby, friend of BiggerPockets, to talk about everything related to creative finance. If you’re brand new to this topic, don’t be alarmed. While some of Pace’s methods may sound complicated, they aren’t actually so difficult in practice. And in just one episode with Pace, you could be convinced to try them out on your next deal!Pace shares how he’s finding deals, where he’s buying, the negotiation tactics he uses, and why now may be one of the best times to buy. He also discusses why sellers are so open to trying alternative financing options, how you can pick up real estate deals for zero dollars down, and why creative finance options offer far better returns than bank financing in 2022, 2023, and beyond!In This Episode We CoverCreative finance explained and why now is a great time to try itSeller financing vs. subject to, and when to go after pain vs. gainHow creative financing builds a win-win scenario for buyers and sellersWhether or not rising interest rates and a shaky housing market affect these strategiesNegotiating with a seller and how to sweeten your offers so you get deals on your termsWhere to find the deals best-suited for seller financing and subject toAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentAshley's InstagramTony's InstagramReal Estate Rookie Facebook GroupZillowMLSAirbnbCraigslistKelly Blue BookOfferUpFacebook MarketplaceLeasetraderOpendoorLandWatchListSourcePropStreamWeststar Loan ServicingAirDNA300 Doors, 100% Creative Financing with Pace MorbyThe Essential Elements of the Creative Financing ToolboxConnect with Pace:Pace's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-236Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Nov 19, 2022
Format:
Podcast episode
Titles in the series (100)
Trailer by Real Estate Rookie