Get Creative with Pace Morby Pace Morby

Welcome to a new episode of Get Creative. I joined Veena Jetti on her podcast Clever Investor Show where we share their expert insights on multifamily properties and creative financing. Join us for actionable tips and deep dives into the complexities of the real estate market. Get ready to learn strategies that could revolutionize your approach to real estate investing!
 
Highlights:
 
"In real estate, you never have a money problem, you only have a creativity problem." 
 
"Every dollar of additional bottom line income is a $20 addition in the value of the asset at a 5% cap rate.”
 
"Build wealth at warp speed right now. This is the moment to go as fast and aggressively as you can. There’s so much uncertainty and change coming."
 
Timestamps:
00:02 - Introduction: Veena and Pace Join the Show
01:05 - Real Estate Strategies
02:15 - The Key to Real Estate Success
03:11 - Multifamily Market Dynamics
05:11 - What Is 'Normal' in Real Estate?
06:19 - The Shift in Real Estate Strategy
10:03 - Fast Property Turnaround: A Success Story
16:17 - Debating Debt Quality in Multifamily vs. Single Family
22:29 - The Importance of Community in Real Estate
41:15 - Future of AI in Real Estate
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Welcome to a new episode of Get Creative. In this episode, I joined Jamil Damji on The Clever Investor Show. We dive into our journeys through real estate, from thrilling success to challenging lessons learned along the way. Join us and learn more about making 7-figures in the real estate world and get a good dose of inspiration to fuel your path to success.
 
Highlights:
"I’m over 5000 [deals]... But it pales in comparison to the relationships that I’ve made in doing that volume of transactions."
 
"Every single time you do a deal, you're learning. You're failing forward, you're understanding what to do next time." 
 
"For every new level there's a new devil. And I think that every one of those opportunities that is given to you, while you don't see it in the time, is a blessing for a learning moment." 
 
Timestamps:
00:22 - Introduction to Pace Morby and Jamil Damji
04:59 - The Significance of Relationships in Business
17:04 - Explaining the 'SubTo' Real Estate Strategy
22:39 - First Steps in Wholesaling
32:04 - Building and Sustaining Professional Relationships
39:03 - Real Stories of Partnership and Trust
45:06 - The Power of Reciprocity in Busines
50:18 - Evolution of Entrepreneurial Mindset
01:02:37 - Mentorship: Its Impact and NecessityJoin Our Free Facebook Group: https://paceapproves.com/fbg-pod

Welcome to a new episode of Get Creative. In today’s episode, we sit down with Kelly Humbarger, an expert in handling intricate real estate transactions. Kelly shares her journey from being an intern to managing challenging deals. She talked in detail about a particular case that involved mortgage forbearance, multiple liens, and creative financing. Join as she shares the nuts and bolts of real estate transactions and how to navigate through unexpected challenges with poise and expertise.
 
Highlights: 
"Human beings are human beings; six months goes by in a blip. And then before you know it, you're at that $2600 month payment and you can't make it." 
 
"You're really good at figuring stuff out. I feel like you have a really good like even if you're uncomfortable, you give off like, 'Okay, I'm telling you I'm uncomfortable but I'm fully prepared to handle it.'" 
 
"There's never not one transaction I've ever done that has ever been the same. And there's always something to learn from each of them."
 
Timestamps:
00:00 - Introduction to Kelly Humbarger
01:26 - Origin of a Complex Deal
04:25 - Kelly's Transition from Intern to TC
06:19 - Challenges of Multiple Liens and Forbearance
09:31 - Navigating Forbearance and Lien Challenges
12:05 - The Urgency and Reality of Closing Periods
16:26 - Setting Up Servicing Before Closing
19:06 - Document Handling and Servicing Setup
23:32 - Financial Arrangements and Investor Relationships
 
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Welcome to a new episode of Get Creative. Today, we’re diving into the real estate journey of Angie and Dom Milinazzo. Forget flipping houses, this power couple flips the script on real estate! Join them as they tackle tough deals, turning hurdles into triumphs and leaving a positive mark on everything they touch. Their journey isn't just about bricks and mortar; it's about forging a stronger community and making a real difference in people's lives.
 
Highlights:
 
"It really changed us, and then, you know, drinking through a firehose everything that we've learned... we didn't have a dinner, a birthday party, nothing without a zoom." 
 
"Some of the people cry, they cry because they're so happy that they got a house... we really are making dreams come true." 
 
"I talk to a SubTo student probably once a two or three of them a day, different ones asking for help." 
 
Timestamps:
00:00 - Introduction to the Milinazzos
00:38 - The Deal in Colorado Springs
01:06 - Unexpected Opportunity
02:17 - Challenges with Communication
03:06 - Helping Two Families
07:14 - Becoming Real Estate Agents
10:02 - Joining a Mastermind
15:22 - Building Relationships
23:07 - Community Outreach
26:12 - Reflecting on the Journey
 
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Welcome to a new episode of Get Creative. In this episode, I joined the Carrot Cast Podcast with Trevor Mauch and Brady Winder as we delve into the world of real estate negotiations. I share my innovative approaches and 'Pacisms,' to reveal how combining creativity, empathy, and strategy can transform your real estate dealings. Give this episode a listen to learn some actionable insights to help you enhance your negotiation skills and connect genuinely with sellers.
 
Highlights:
 
"Buyers are liars, sellers are worse. And if you give them permission to lie in the first couple of minutes, they will." 
 
"You ain't that good. So you're probably not going to win organically especially in a post follower world when this whole game is no longer about build followers.”
 
"It's not about being the first one to speak, it's about making sure when you do, it adds value to the conversation. It's about turning transactions into relationships." 
 
Timestamps:
03:30 - Building Rapport
10:00 - Creative Negotiation
15:00 - The Seller’s Perspective
20:00 - Practical Negotiation Tips
25:00 - Real-life Negotiation Example
30:00 - The Importance of Empathy 
35:00 - Overcoming Common Hurdles
40:00 - Future of Real Estate Negotiations
45:00 - Q&A Session
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Welcome to a new episode of Get Creative. Today, we’re joined by Ali Fordyce & Tigger Huchel as we discover some of the complexities of real estate deals through stories of unexpected turns. Ali and Tigger share their journey from a near-impossible situation to an overwhelming success. Get to know the power of networking and community support in the real estate world. Tune in to learn how a mix of perseverance and the right connections can lead to incredible outcomes, and why you're never truly going it alone in this industry.
 
Highlights: 
"So yeah so that's how that's what happened. And yeah that's such a good story." 
 
"This is how you get successful though because you've networked now you have Tigger now you have all these other people that you work with in New Jersey." 
 
"It's fascinating, isn't it? The idea is not to try to do it yourself. Your idea is not to do it by yourself." 
 
Timestamps
00:00 - Introduction to Guests
01:06 - Starting the Deal
02:06 - A Critical Decision
04:05 - The Dilemma
05:31 - A Turning Point
07:54 - The Connector's Role
11:23 - Sale Strategy
17:57 - Full-Time Commitment
22:24 - Community Impact
29:10 - Future Ventures
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