JF3661: Building a Real Estate Empire Without Banks Through Creative Financing ft. Pace Morby
Description
In this episode of Next Level CRE on the Best Ever Show, creative finance legend Pace Morby joins host Matt Faircloth to explain how investors can use subject to, seller financing, and other creative strategies to acquire properties at low interest rates and without using a bank.
Pace discusses his start in real estate, including how a Ponzi scheme forced him to basically start over, and how he built a thriving real estate empire through creative finance. He also shares how he overcomes seller objections when discussing creative finance strategies that most sellers don’t understand, how his unique understanding of amortization and tax benefits allows him to negotiate low interest rates via seller financing, and how he acquired two RV parks with creative finance.
Pace Morby | Real Estate Background
- Owner of SubTo, professional real estate investor, and business entrepreneur
- Portfolio:
- 1,500 multifamily doors
- 300 single-family doors
- Based in: Arizona
- Say hi to him at:
- Best Ever Book: My Side of the Mountain by Jean Craighead George
- Greatest Lesson: I should have started earlier and surrounded myself with people who had portfolios and lives that I wanted.
Sponsors:
United States
