He Got PAID $18,000 to Buy This Deal!

In this video, Mundo Sanchez, a dedicated SubTo student, shares how he got paid $18,000 to buy real estate! Mundo dives deep into the Morby Method creative finance strategy that made this deal possible, all without putting 20% down or using his credit.
The journey starts with Mundo recounting his transition into real estate investing. After joining Pace Morby’s Gator community in 2023, Mundo quickly saw the immense value in SubTo and jumped in. With a background as a CFO for a trucking company, Mundo had extensive experience dealing with banks and recognized the advantages of creative finance for scaling his real estate portfolio.
In his first creative finance deal within SubTo, Mundo utilized the Morby Method, and he shares insights from this experience. He breaks down the wins and challenges of his latest $18,000 deal, detailing how he found the opportunity through a wholesaler. Mundo's initial calculations for cash flow were off, leading him to realize he needed more funds than anticipated to close the deal. Through creative strategies, he managed to reduce costs and seize windows of opportunity that arose during the deal's timeline.
Mundo discusses what he’d do differently in future deals and how he navigated escrow issues that almost killed the transaction. Emphasizing the importance of transparency, Mundo explains the steps he took to mitigate damage and ensure a successful closing. He also mentions that he recorded every step of this transaction, from finding the lead to conversations with the lender and title company, with the full series available within the SubTo community.
Don’t miss this detailed breakdown packed with invaluable lessons and insights for real estate investors! Like, subscribe, and stay tuned for more expert advice on creative finance and real estate investing from the SubTo community.
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