271: Pace Morby on How To Buy Real Estate & Build Wealth Without Cash
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Star of A&E\'s "Triple Digit Flip" and expert on creative real estate financing Pace Morby joins the show. Derek interviews him on his new book, Wealth Without Cash, and all the types of ways that Pace has been able to accumulate thousands of pieces of property with little or no money down. Johnny and Derek round it out with their own experiences on house flipping, creative financing and what they think about the TV show.
About Pace Morby:\\xa0
Pace Morby is known as the go-to \\u201csub to guy\\u201d bringing creative strategies to the mainstream real estate investment industry such as subject to and seller finance deals. Pace\\u2019s high energy and no BS approach has attracted a loyal following across social media. Though he began his real estate journey as a general contractor running a successful business and then as a HomeVestors franchisee, he and his partner have since amassed over 32 million dollars in buy and hold properties while continuing their full operation of wholesale, fix and flip, and many other symbiotic businesses. Pace is on a mission to over deliver on value, showing others that anyone can start in real estate, be successful, and change their lives and their families\\u2019 lives for generations.\\xa0
About Wealth Without Cash
Want to close MORE deals in LESS time for LESS money?
For the first time ever, Pace Morby has compiled everything you need to know to build your real estate portfolio and become a millionaire investor without utilizing your own capital--all within a single book!
From subject-to, to seller finance, and more, these proven creative finance strategies allowed author Pace Morby to acquire more than 1,000 properties and $150 million in assets without using his own cash.
Whether you\\u2019re just getting started as an investor or already have a real estate business, Wealth without Cash will fully prepare you to find off-market leads, uncover sellers\\u2019 motivations, negotiate with confidence, close more deals, build a team, and much more.
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Discussed:\\xa0
Where we are:
- Johnny FD \\u2013 Phuket, Thailand / IG @johnnyfdj
- Sam Marks \\u2013 Jomptein, Thailand / IG @imsammarks
- Derek \\u2013 Los Angeles / IG @DerekRadio
Sponsor:
- NetSuite
For the first time in NetSuite\\u2019s twenty-two years as the #1 cloud financial system, you can defer payments of a FULL NetSuite implementation for six months. Learn more at NetSuite.com/ILAB.
Like these investments? Try them with these special ILAB links:
- Fundrise \\u2013 Start with only $1,000 into their REIT funds (non-accredited investors OK)
*Johnny and Sam use all of the above services personally.
Time Stamp:
- 08:12 - Johnny\'s LA House Flip
- 12:26 - Pace Morby Interview Begins
- 18:25 - Why You Should Look for "Expired Listings"
- 30:32 - Why You Can Make Way More From Sober Living
- 34:31 - Types of Creative Financing
- 53:00 - Johnny & Derek\'s Thoughts on Pace\'s Strategy & Show
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