Flippin' SoFlo Willy Numbers

Pace Morby is a real estate investor with 14 years of experience in different asset classes and a TV personality, currently hosting Triple Digit Flip. He is one of the most influential people in the real estate space today and he is with us on Flippin SoFlo today to share his journey and tell us about the lessons he learned along the way.

 

Listen now to learn more about the reality behind achieving success in real estate investing, the importance of delayed gratification, and how you can start building a better future for yourself today!

 

Key Talking Points of the Episode

 

00:00 Introduction

03:11 What is the importance of understanding the “Eat That Frog” concept?

06:25 Why is it important to network outside of real estate to succeed?

08:35 What is Pace’s background?

12:59 How did Pace learn about real estate investing?

15:08 What made Pace realize that he had to focus on real estate investing?

19:11 What are the common reasons for failed partnerships?

21:53 Why is it important to be as detailed as possible with your agreements?

25:00 What is the natural progression of being the visionary of your business?

28:10 How should business partnerships be structured in order to succeed?

30:24 What does it mean to be a successful visionary?

35:04 Why do you need to know when to end a business partnership?

40:55 What is the importance of investing in your personal development?

47:50 Why is it important to manage your time wisely?

53:04 How can providing value to others help you grow?

58:03 How can knowing your value help you make better decisions in life?

01:01:08 What keeps Pace going today?

01:11:17 What is Pace’s advice to young entrepreneurs today?

01:13:14 What are the 5 fears that may be holding you back?

01:17:50 Why is it important to choose the people you listen to?

 

Quotables

 

“I’m making money today from work I put in 10 years ago and more importantly, I’m making money today from failures I had 20 years ago, 15 years ago, 12 years ago.”

 

“There is gonna come a point where you become the owner, not the CEO. You’re gonna be the passive person that owns this business at some point – that’s the goal, that’s the hope.”

 

“Most people are addicted to comfort, I am addicted to growth because I know what comfort feels like and I know how it shows up.”

 

Links

 

Book: Eat That Frog!

https://www.amazon.com/Eat-That-Frog-Great-Procrastinating/dp/162656941X

 

Book: The 38 Letters from J.D. Rockefeller to his son

https://www.amazon.com/Letters-J-D-Rockefeller-his-son/dp/B09BY8189Q

 Justin Colby, the founder of The Science of Flipping podcast, is a coach and seasoned real estate investor with over 15 years of experience and more than 2300 deals under his belt. He built his business from the ground up in one of the busiest states in the country and he is with us to talk about his experience and what he learned along the way. 

 

Listen now to learn more about Justin, what building a real estate business in Florida was like, and how real estate investors today can find success in this space!

 

Key Talking Points of the Episode

 

00:00 Introduction

01:23 What is Justin’s background?03:35 How did Justin learn about real estate investing?

07:37 How much time does it usually take to find your first deal?

08:25 What is the key to achieving success in real estate investing?

10:41 What makes someone a great educator?

11:43 Why is it important to have a mentor or coach?13:20 What is the reality behind passive income from rental properties?15:20 What was it like to grow a business in one of the busiest states for real estate?

17:01 What is the reality behind competition in the real estate space?

18:22 How can being part of a community help you find success in real estate?

21:15 What are the 5 keys to success?

24:02 Why shouldn’t you put a time expectation on your goals?

27:02 What is the reality behind an entrepreneur's mind?

32:03 Why is it important to find people that align with you?

33:07 How should you approach challenges you face in life?

35:04 What is Justin’s reason for becoming an educator?

37:05 What is Justin’s favorite book?

39:25 What is next for Justin?

 

Quotables

 

“It’s never a lack of resources, it’s a lack of resourcefulness. There’s always a solution.”“The key to this space, what you and I do, is incremental progress. It’s not overnight, be Willy Numbers and do $7 million a year. It’s not overnight, do 2,300 transactions – it’s a slower, methodical way of doing it.”

 

“I want people to be able to create a lifestyle for themselves that is ultimately what the rental is for.”

Links

 

Book: The Road Less Stupid

https://www.amazon.com/Road-Less-Stupid-Keith-Cunningham/dp/0984659269

Bobby Suarez is one of the most influential real estate investors in South Florida. Through the years, he has focused on achieving success in building multiple real estate businesses and growing a real estate portfolio, and he is with us today to talk about everything he learned along the way.

 

Listen now to learn more about Bobby, his journey in real estate investing, and the lessons he learned through the years – the good, the bad, and everything in between!

 

Key Talking Points of the Episode

 

00:00 Introduction

01:39 What is Bobby’s background in real estate?

03:21 How did Bobby start growing his real estate business?

04:25 What is the reality of being an “overnight success”?

07:19 What is the market like in Florida today?

09:38 Why is it important to know your market well?

10:25 What marketing strategies are working in Florida today?

13:38 Why is delayed gratification important to your success?

17:05 How can personal relationships impact your success in business?

18:42 How important is the relationship between your family and business life?

19:50 Why is it important to teach children about finances early in life?

25:09 What was the turning point in Bobby’s career?

27:11 How can mastermind groups help you grow as an entrepreneur?

30:19 Why is it important to build the right relationships as an entrepreneur?

32:38 What were some of Bobby’s most interesting deals like?

34:35 How did Bobby start building his collection of watches?

35:33 What is financial freedom for Bobby?

37:59 Why does it make sense to buy properties with zero debt in this market?

42:10 What was it like for Bobby to buy his mother a house?

45:46 What should be your first priority as an entrepreneur?

46:55 What is Bobby’s advice for young entrepreneurs today?

 

Quotables

 

“You gotta pay your dues at the beginning and a lot of the younger generation, I think they just want that overnight “what Bobby has” or “what Willy has” – they don’t understand that this thing took a long time to get here.” 

 

“Collaboration is king. Relationships are important. The last thing you wanna do is make enemies with your competitors.”

 

“For me, financial freedom is to have all my bills being covered from my cash flowing assets.”