DON’T Use Your Own Money in Real Estate!
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- Опубліковано 19 гру 2024
- How do I NOT use my own money in real estate deals? What does Pace do with his money? I have money to invest, what should I do with it? In today’s video, Pace Morby talks with Ty Russell about why, even if you have a lot of your own money, you SHOULDN’T always use your own money in real estate transactions. Pace explains that whether you should use your own money or not depends on multiple factors depending on the person and what they want to achieve by lending money. He emphasizes that you should save your money, and spend someone else's.
Pace also gives Ty actionable items to make more passive income since his active income (W-2) requires a lot of his time. Do you want true passive income? Do you want to add properties to your portfolio? Pace answers these questions as they relate to funding deals with your own money versus other people’s money.
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎
A 45 min whiteboard visual aid breakdown along with a live call… Love It, Brother 💪🏾
Glad you enjoyed the video!
All this is so great the problem is that we wanted to learn everything at the same moment!!!
Super helpful video that speaks to W2 employees. Thank you for taking the time Pace and sharing!
Thank you! Glad you enjoyed the video ✌🏼
Another really really Goode one..thank you..!!
Pace im apart of a community but.... idk i know grass isn’t greener until you water it but I’ve learned more from you and Jerry creating finance playlist than where i am bc he just has a lot of fluff videos and don’t break it down like you. Sigh.
I sincerely appreciate you Pace.
43:54 ofc the women will run the detail stuff we’re best at being attentive 😅🙌🏾
Glad you're taking some value from this!
This was awesome! Why would you ever want to use your own money? Thank you Pace for the explanation.
This video made me realize why I hate cold calling and trying to wholesale. I just want to buy deals and build a portfolio.
I need to learn those skills of raising capital and finding private money partners. I thought I HAD to wholesale but I really don’t enjoy that.
Gotta go back and watch the avatar videos and reset my focus. Great video!
Glad you enjoyed the video Charlie! 🙏🏼
🔥 🔥🔥🔥🔥🔥info and the beat in the background cranks
This was great info. It helped me to see what I needed to learn before doing real estate deals. Thanks
Thanks Pace for putting this together. I'm a new baby Gator; still going through the training. Every time I hear you talk, I learn something... Thanks!
Yess love to hear this!
Another banger vid, bro! Thank you for the constant education.
It’s very true that if you use your own money, it disappears fast and then you feel you can’t do deals until earlier deals close and money comes back.
This is the comment.
great insights, thanks
Love it! Go Ty! Can't wait for more videos on buying and selling businesses with creative financing!😊
This was super helpful! Pace keeps drilling in my head that I don’t need money to get started today! Def need a TC paperwork is my arch nemesis…
TC are the BEST
Love this style of video Pace, always valuable info here. Creative finance is the way to go!
Thank you Marc! 🙏🏼 Appreciate you always
Hi PACE, Don't have active income But you do creative Financial principals
Thanks Pace Excellent information fantastic business model appreciate your U Tube Channel !
Thanks! Glad you're getting value
Thanks Pace ✌🏽 a lot of us needed to hear this
Thank you for being here Jordan! ✌🏼
Propstream app. does this like a scout. Would you say the app does the work?
You’re amazing Pace. Truly.
Thank you!!
Molly seems like a good Person who can Help with Transaction Coordinator
Awesome teaching, I wanna be a Ty!!
This video was fantastic. Nuts and bolts of deals really appreciated! I’m looking forward to getting started on this path!
THANK YOU!
This was really helpful 😮😮😮😮
He went to the right guy pace ✅
Thanks Pace
Thank you bro!
Love this guy man
your the man Pace!
Thank you bro!
This is so true
Thank you Pace, as always.
One thing I’m unsure of in this example, if anyone can answer, is that if $1000 of cash flow for 4 years equals the 46k-(48k) needed then I’d assume the PML is okay with being locked in a deal that long ~ 4-6 years. It took four years for just the principal, plus 10% each year at 4,800 = 18k/19k roughly in interest in that span. Perhaps my math is wrong, or you would borrow against equity in this case to get them paid out sooner. Maybe even switch out lenders.
Sometimes the pml is waiting longer, many of them like the longer return but of course it depends on the lender and the agreement you have with them. However, you could do either of the things you mentioned to ensure you pay them sooner...
How can i find a good transaction coordinator?
He can use it to be the private lender and make 10% out it in IRA account that’s not taxed rinse and repeat
“Forget about your money”. Yes
Hi Pace, if I believe that from an Avatar perspective I should be a DTS, then taking the deals from wholesalers is kind of the opposite of what I am trying to do, no?
i dont think i hate a corporate environment but i defiantly hate formal and Corporate attire and College is a waste of money unless you are going for an IN DEMAND field
Agree!
You gotta be part of team
Pace is a great human being, best example for a Christian
Noob question, if you bring 0 money to a buy and hold deal, and a Private Money Partner brings all the money, how is ownership divided up?
Thats between you and your partner. how much do you bring to the deal?
I would like to see a typical partner deal breakdown when 1 person brings 0$ and the PMP brings all $. @@dojoparsnip9905
Should do a whiteboard Wednesdays ;>
🐐
Pace what are your thoughts on squeezing in a meetup in the Midwest 2024?
Amen as far as being an agent I am one and I hate it I hate traditional b******* agent b******* that we have to put up with If anybody's seeing this I would say if you think that you want to go into this business as a real estate agent and you think it's going to be so much fun think again That's why I'm looking at this I like real estate and I want to help people but the traditional real estate agent is b******* and it's cutthroat I don't care what anybody tells you
Thanks Much maybe I can find Deals like a Scout Do but just to pay 3000 Subto or 6000 to Gator Methods Creative Finance to Start
pace morby MR HEAVY DUTY
🤣
Subto member ✌️ we’ve been funding all EMD, Double Close and Seller Carry (Morby Methods) for wholesalers/Investors. Would love to help more people get their first, or next, deal.😊