$700,000 Creative Finance Deal | Part 1
Вставка
- Опубліковано 11 чер 2024
- Join Pace Morby as he sits down with SubTo students, Noel Cardosa, Yohan Fournier, and Yaddiel Amoedo, to discuss their $700,000 creative finance deal for a single-family mansion! In this first of two parts, Noel, Yohan, and Yaddiel walk through the unbelievable story of this deal, explaining where the lead came from, how they reached out, and the several layers of the seller’s situation.
Discover how these real estate investors leveraged their resources to figure out solutions when they didn’t know how to continue with a cash deal. This deal came with a lot of challenges they didn’t know how to overcome. Stay tuned for part 2 to find out more about this crazy deal - featuring the terms, the profits, and what went down with the seller and his girlfriend!
Noel’s IG: / noelcardosa
Yohan’s IG: / 1yohan1
Yaddiel’s IG: / yaddielrealestate
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Chapters:
0:00 - Intro
1:32 - Where Did the Deal Come From?
3:07 - Negotiation and Pain Points
4:43 - Pace’s Neighbor Story
6:45 - Crazy Seller Story
10:30 - Raising Capital
12:21 - Structuring the Deal
20:26 - Seller Story Continued
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⬇️ Get My Exact Wholesaling Contract For Only $1 (I Paid Thousands) ⬇️
paceapproves.com/wholesalecon...
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a UA-cam video for entertainment purposes ONLY ❎
Thank you Pace for letting us share our story. I hope it’s another example of the many ways you show on how to make things possible!
Noel! Do you buy subto deals in Texas? I'd like to assign to you my future deals!
Every time Pace gets in a subtle jab on real estate agents cracks me up 😂
I can't help it man 🤣
Wow 🔥 Can’t wait for part 2!
You guys are killing it! 🔥🔥
What a crazy story!!! So sorry for the seller. But you guys nailed it! Good job 👏 👍
This is such a good story of how many challenges you had but didn't give up and found creative solutions to make it work.... "7 layer burrito" lol
Yay I got first place in comments again go team pace
Hey Pace! love your content man. I just saw your Mark Moss interview, this sounds like a dream come true, I watched the whole thing just glued to what you were speaking about, i got the end and you talked about how you stay away from my state (WA) but i was unsure if that was for homes of if that also applied to businesses. That comment broke my heart, I'm a single dad who works a 9-5 and just so badly wants to break into the business owner side of the world, however the Rat Race i live in doesn't allow me to save the amount of money that would be required for a down payment. My last glimmer of hope was when you said that you take people and show them how to do this in a day. If you were to pick someone i would love to throw my name into the hat. Cant wait to catch you in Kalispell one of these months.
Get in the free FB group to squad up with my students man! paceapproves.com/freefb-ytc
That's insane holy F***
This is awesome! So much knowledge to break down here
Glad it was helpful!
Thank you for allowing us to hear the details
Our pleasure!
PT 2 !!!!
⚾️ Manager 2x WS Champ
Crazy story and good for them for persevering!
Just one question Pace, I know you’ve answered before but I can’t find the video.
Can you only sub to with assumable loans? If so, what loans are in fact assumable?
How does the due-on-sale clause play a role in these transactions?
Thank you!
Did a retail buyer buy it or an investor?
Inspiring story. Question though..
So is it not possible to possible to wholesale properties over 700k+? … because ive had similar problems where I’d lock up a home run million dollar property, but it’s been a challenge to Dispo
Great comps, well under appraisal and ARV, well under Zestimate, heavily discounted turnkey but yet difficult to Dispo.
Any feedback would be appreciated
👁️👄👁️All into the story… *beep* End of video
🤦♀️you’re killing me!
That's the idea 🙌🏼
So what did it sell for?! Why did the video cut off?
Stay tuned for part 2
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At the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress
Within five years of retirement an estimate of 60% of former NBA players are broke
Daaaang!! These guys earned the F*CK out of that $700k! 😂 It just shows the power of persistence...Never Give UP!! 🤣 Also, an example of a man NOT in his masculine