Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

REI188: Wealth Without Cash w/ Pace Morby

REI188: Wealth Without Cash w/ Pace Morby

FromMillennial Investing - The Investor’s Podcast Network


REI188: Wealth Without Cash w/ Pace Morby

FromMillennial Investing - The Investor’s Podcast Network

ratings:
Length:
63 minutes
Released:
Jun 19, 2023
Format:
Podcast episode

Description

Patrick Donley chats with Pace Morby to discuss his new book, "Wealth Without Cash". You’ll learn how to build a portfolio of off-market deals without using your own cash, what the difference is between subject-to and seller financing, how to find motivated sellers, how to overcome common seller objections and create win-win scenarios, and much more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:40 - What Pace learned from his father about real estate.02:40 - How the story of an F-150 helps sellers understand terms and becoming the bank.06:06 - What he learned from his first mentor.06:06 - What the “bunny story” is all about and how solving people’s problems helps everyone.06:06 - Why it’s a requirement for success to do things you don’t understand how to do yet.06:06 - Why 85% of Pace’s deals are structured using creative financing.06:06 - Strategies to find motivated sellers.46:13 - What the process of creating Wealth Without Cash was like along with the video companion guide.46:33 - Who the book is designed for.50:54 - Understanding the 7 layers of your “why”.52:18 - How creative financing provides a wide variety of tools to close deals.52:18 - What the difference is between “subject to” and seller financing?52:18 - Why his real job is as a storyteller and educator.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESThe Everything Guide to House Hacking by Robert Leonard.Wealth Without Cash by Pace Morby.Related Episode: Listen to REI131 Buying Real Estate with $0 Down and 0% Interest Part 1 w/ Pace Morby, or watch the video.Related Episode: Listen to REI132 Buying Real Estate with $0 Down and 0% Interest Part 2 w/ Pace Morby, or watch the video.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Have the visibility and control you need to make better decisions faster with NetSuite’s cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!Your home might be worth more than you think. Earn extra money today with Airbnb.Protect and optimize your wealth with Money Pickle - whether you're seeking advice on retirement planning, optimizing your 401k, navigating inheritances, or any other financial matter.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Pace Morby: Website  | YouTube | Instagram | LinkedIn | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jun 19, 2023
Format:
Podcast episode

Titles in the series (100)

Millennial Investing by The Investor's Podcast Network is hosted by Robert Leonard (@therobertleonard) and Clay Finck (@Clay_Finck). They cover not only investing basics and investment and financial advice, but also business topics such as entrepreneurship, side hustles, personal development, and more to help educate and inspire the millennial generation. The show's mission is to improve people's financial literacy and business savvy in order to help anyone make better investment decisions with both their time AND money.Real Estate 101 by The Investor’s Podcast Network is hosted by Robert Leonard. He brings on a wide range of guests, from fellow “newbie” investors investing as a side hustle to full-time multimillionaire real estate investors to walk you through all the questions and roadblocks you face as a new investor. You don't have to face the world of real estate investing alone – let Robert, and his guests, be your guide on your investing journey. Break past the paralysis-by-analysis stage and get your first deal, or next deal, done with actionable tips, strategies, and guidance from Robert and guests!Start listening, and join millions of listeners learning to invest! Follow Robert on Instagram and Twitter at @therobertleonard, and follow Clay on Twitter at @Clay_Finck.