Pace has changed the game for me and my real estate portfolio! What he teaches is incredible. I was able to get PAID to purchase a 12 unit through one of his creative finance strategies. Highly recommend adopting creative finance if you haven’t yet.
I would love to do the challenge of finding deals with Pace for a day with nothing to start. I did order Pace's book! Thanks Pace for everything you do to change the game for newbies like me!
So I found that you can't just recieve free leads from ANY title company. I experimented this today. I went to Chicago Title in Houston, Tx. "We don't have leads to give and usually larger title companies wont. My next shot is going to a smaller, independently owned and operated title company. Maybe they have motivation to bring more business through their doors.. Complaining aside I conqured a fear and made the first step. Real estate does work it's just about how much your willing to put in.
The question that I'm still waiting to get answer, If the seller price is 250,000 and he owed 150,000 to the bank. seller accepted the subject 2 deal, who is going to give him the $100,000 different? According to high speed Pace Corby you don't need money, bank, real state agent, blabla for the subject 2 🤷♂️.
Or you could get a Hard Money lender for the $100k and still do it Subject To and put a 3 to 5 year balloon on it, with a balloon extension clause. That would work too.
This episode is so good, I watched 4 times and pre ordered the book. Thank you for asking all the questions I had not thought of yet. You both are awesome.
Amazing show. This seems like such a no brainer to simplify the deal and make it available to all who are willing. Ready to head down to the title office!
Yr old vid. I tried the strategy of contacting a title company to get this information. I'm in East TN, and I called 10 title companies. No one had a marketing dept (too small to need one) and they all said they couldn't get the information I requested (va/fha loans and bought in 2018-2021), because they don't have access to it. So I'm back at the park bench.
Omg!! Pace freaking Rocks!!! This is probably by far the BEST video I had seen so far on this subject!! Would love to do the challenge!! I literally have no experience 😊
I'm a big fan of Pace's and have been listening to Ashley and Tony for years! I would love to be part of the competition or the challenge to finally take action! Awesome episode! 👍👍💗 ❤
I would love to be able to learn with pace on the job. I’m trying to learn this stuff and feel confused and have so many questions. On the job training is how I learn best. I love this stuff and love learning cause it only betters your life.
I've been watching videos off and on on different channels and a few on yours. I think this one is the best one because you are asking really great questions. You're not a channel that likes to hear themselves talk. You are talking on behalf of newbies. I'm going to try this out tomorrow just like I went on faith 4 years ago with my curb painting business.
Where do you get the money from? If you say you do not use any saving, where does the loan come from? RRSP,TFSA ETC…? Do you look for a private lender?
Fantastic video and insight from Pace. I'm a 50 year old small business owner. Made a decent life for myself & family however after coming across Bigger Pockets, Pace, Real Estate Rookie videos i am more energized and chopping at the bit to not only get started, but to see success right from the start. *** question - towards the end of the video Pace references going to a title company's marketing department to obtain the specific lead list. Could these lead lists also be generated my some of these other tools I've been reading about...ie Propwire, propstream, propertyradar, etc. Are these title company lists perhaps more accurate? Thanks!!!
Its nice that you found the video insightful and that it has energized you to start your real estate investment journey. It's great to have that kind of motivation and drive, but before you jump into everything, I suggest taking a step back and considering getting advice from a trustworthy and certified investment advisor. Real estate investing can be a complex and risky endeavor, and having the right guidance and expertise can help you navigate the process with more confidence and success. An investment advisor can help you assess your financial goals and resources, evaluate potential investment opportunities, and develop a sound investment strategy that aligns with your objectives.
Regarding your question about lead lists, while tools like Propwire, Propstream, and Propertyradar can provide valuable information and insights, going directly to a title company's marketing department may yield more accurate and specific lead lists. However, it's always important to do your due diligence and verify the accuracy and reliability of any information or data that you use to make investment decisions. Best of luck on your real estate investment journey, and don't hesitate to seek the advice and guidance of a certified and reputable investment advisor.
I completely agree with what he said. Having an investment advisor can be invaluable when it comes to navigating the complex world of real estate investing. As a 50-year-old small business owner, you likely have a lot on your plate, and it can be difficult to juggle all of your responsibilities while also trying to research and analyze potential real estate investments.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we just don't know
Chris, go for it. I'm 51 and still a newbie. It's not easy. Neither is running a business. Of course, utilize a financial planner and learn as much as you can so you make smart decisions, but do move forward and take action. It will change your life.
Sooooo, you are basically acquiring the house via subject-to or seller-financing terms and then doing a 1031 exchange with the title to the house to set up your own rental property? Is that what it is? Are these deals wholesalable or assignable under most circumstances?
With vacancy, repairs, capex how much cashflow is good to cover those and give use a yearly return on rental income? Like if PITI is $1500 Should I look for $2500 in rents so I have $1000 buffer a month for those before mentioned things and maybe still have a couple hundred?
I pre-ordered this book and still have not received any email or anything from its creator. I do believe that Biggerpockets is creditable. That being said, I will update my comment on this CZcams page.
Try to call any listings and make the offer WITHOUT cash or money down. In a market with any demand, people will either lough at you or offer very high interest seller financing. Maybe you can get a shed in a desert like this, but why would you want it?
So bummed! I ordered the book 5 minutes ago because of the promoted video bonus and 30 min in, you just said it doesn't come with it for anyone who didn't pre-order before it was out? Can you change that policy for us other buyers?
So the end buyer for these arrangements is an AirBnb investor? And you're just getting part of the "AirBnb Equity" for the house when you assign the title to the end-investor? Is that what this is?
It would be an absolute dream. Come true to spend the day with him to show me, and this little small town in Nebraska how to do this! I would love to except the challenge.❤️😊❤️😊
How do you avoid a situation where as the seller you’ve moved to a new home and the buyer stops making payments and potentially leaves you with two bills?
My assumption is that one of the seven agreements he speaks of has a clause where if the subto purchaser does not make the payments for the distressed homebuyer that the property will go back to the original owner after three months or something like that. One of the benefits for the seller should certainly be that they get great credit for on time automatic payments increasing their credit score to make up for the shitty debt to income ratio they will be dealing with for some years when they go for a loan. but I don't know. I'm not in the program and to assume is to make an ass out of u and me.
There's a performance deed that if the buyer does not perform in 30 days it gets foreclosed on the buyer. The seller then goes back to square one where they're going to either sell or rent it.
@@2ndNatureNY They don't deal with DTI from the old home. A 3rd party payer company does payments on behalf of the seller, showing someone else has taken their place to pay. It is then removed from their DTI but stays on their credit.
How can I do subject to if the seller is going through a divorce and has a lien from the spouses divorce attorney? Only one spouse on the loan and seller is behind on payments and property might go into foreclosure. I can get this house for a good price but can I do subject to with this property?
As a real estate agent, I have seen this before. People cannot sell their home because they do not have enough equity to pay the real estate agent and the closing costs. So the house is at risk of going into foreclosure.
@@Twotonebee it can work, but there is risk involved. Definitely worth talking to a local attorney. One common issue is that the bank can call the whole loan due.
@@stephenadams6455 It can be done more often than not and risk is minimal. After 35 yrs only had one call and still loan was not called. Never heard of any called amongst my associates. Thousands of houses.
On seller finance deals, when mentioning no need for money down/cash available, how do you pay the realtor fee (when the realtor brought the deal to you)?
Hello thanks for the information! Where is the bonus extras you get for pre ordering the book?? Mines came in yesterday I’m not sure if I missed something or not thanks
I wish you could just put the profit back into a new investment in Canada and not be taxed. In Canada, you are taxed regardless if you reinvest the money.
Great podcast:do be aware that when you go to any of Pace's websites to "qualify" to receive more free informational videos/a phone call, your name, phone number, address (why even ask these questions?) will be sold to any and all 3rd parties FOREVER without any recourse to know who that information is being sold to. Pace/his team also IMMEDIATELY looks at your credit as we received a notice from Identity IQ Credit Monitoring that he was inquiring into my credit. Good info mixed with scamming.
Oh stop! come on these ppl figured out how to be of service with one another. Everything is transparent today with technology no-one other then yourself should care about your personal. They will ask for an email and will email you and show you what has worked for them you either invest on yourself or you don't, they could care less -you see them out in the world living their best lives. creating communities yes they profit from someone's pain but that's buissnes its about time that all older investor humble them selfs and start seeing the bigger picture yes its hard to trust ppl but theres so many of us that dont have time to burn or scam others we have 1000s of vacant properties sitting empty times are getting harder and harder we all should learn from Pace and reach out try to help and be of assistance to our communities of course there's bad ppl out there but we all could smell that from miles away
But does this even exist in Europe, would the concept be exactly the same? Anyone with any answers about this, cause they arent answering the comments thats for sure...
The problem with these stories are the too perfect. Not conversation goes like the way Pace explains. I’ve called so many sellers to do seller finance and only a few are open to it, most tell me to leave them alone and never call back.
How does a home owner not have equity due to loan type (fha, va)? Genuinely asking, because I don' t see how having 3.5% FHA financing has long-term effects on what a home owner will net 5 years down the line... Serious question, would love to understand.
It has low equity MOST of the time because of the low down payments required for FHA/VA which require 0-5% down, therefor these sellers are not able to pay down the loan fast enough to gain equity especially when bought in the past few years when prices were way up.
When you sell your home there are cost involved, avg is 6-8% of the sale price, so with increasing interest rate, people can not afford to pay the same purchase price that they paid just a year ago, so current homes are staying on the market long and having to lower their sales price. So with a low or no down payment, lower sales price and 6-8% cost, some sellers are having to come out of their pockets to sell the home or let the listing expire.
That happened to me when I bought my first house. The market crashed for the first few years and all of the housing prices went down. Thankfully, I didn't want to sell during that time and eventually the housing prices came back up and gained equity over the years. The 3.5 % is a great deal to get into a home where you plan to stay for more than 5 years. It takes time to build equity if you start with a very low down payment.
Oh please take me! I would do anything on earth to spend a day a week a month with any of these people. I dare them to take someone who doesn’t know how they are going to pay next month’s rent and make them a superstar seller! Please pick me.
Sub to may work if u can convince the lender to put what is owed in the back, but hml no credit no cash asset based is bull shit i tried every way for three months or more they all want credit and cash 🤷♂️
I pre-ordered the book and uploaded my receipt. @biggerpockets @pacemorby how do I get the videos? I want to watch the videos promised with the pre-order.
Pace has changed the game for me and my real estate portfolio! What he teaches is incredible. I was able to get PAID to purchase a 12 unit through one of his creative finance strategies. Highly recommend adopting creative finance if you haven’t yet.
😊😊
What’s the best way to learn from Pace. I’ve done seller finance and regular finance but I would like to learn details on the getting subject to etc
😢🎉
😮😮😮
I would love to do the challenge of finding deals with Pace for a day with nothing to start. I did order Pace's book! Thanks Pace for everything you do to change the game for newbies like me!
⁰
So I found that you can't just recieve free leads from ANY title company. I experimented this today. I went to Chicago Title in Houston, Tx. "We don't have leads to give and usually larger title companies wont. My next shot is going to a smaller, independently owned and operated title company. Maybe they have motivation to bring more business through their doors.. Complaining aside I conqured a fear and made the first step. Real estate does work it's just about how much your willing to put in.
The question that I'm still waiting to get answer, If the seller price is 250,000 and he owed 150,000 to the bank. seller accepted the subject 2 deal, who is going to give him the $100,000 different? According to high speed Pace Corby you don't need money, bank, real state agent, blabla for the subject 2 🤷♂️.
The 100k is owner financed as well
People with low knowledge of a subject try to shit on others making themselves looking worse.
He said in the video to look for someone with low or no equity.
In this situation, you would turn the deal into a Wrap. It would make more sense for you and the seller.
Or you could get a Hard Money lender for the $100k and still do it Subject To and put a 3 to 5 year balloon on it, with a balloon extension clause. That would work too.
This episode is so good, I watched 4 times and pre ordered the book. Thank you for asking all the questions I had not thought of yet. You both are awesome.
Amazing show. This seems like such a no brainer to simplify the deal and make it available to all who are willing.
Ready to head down to the title office!
Yr old vid. I tried the strategy of contacting a title company to get this information. I'm in East TN, and I called 10 title companies. No one had a marketing dept (too small to need one) and they all said they couldn't get the information I requested (va/fha loans and bought in 2018-2021), because they don't have access to it. So I'm back at the park bench.
Omg!! Pace freaking Rocks!!! This is probably by far the BEST video I had seen so far on this subject!!
Would love to do the challenge!! I literally have no experience 😊
I'm a big fan of Pace's and have been listening to Ashley and Tony for years! I would love to be part of the competition or the challenge to finally take action! Awesome episode! 👍👍💗 ❤
I would love to be able to learn with pace on the job. I’m trying to learn this stuff and feel confused and have so many questions. On the job training is how I learn best. I love this stuff and love learning cause it only betters your life.
Pace is very inspiring! Makes things seem simple!
I've been watching videos off and on on different channels and a few on yours. I think this one is the best one because you are asking really great questions. You're not a channel that likes to hear themselves talk. You are talking on behalf of newbies. I'm going to try this out tomorrow just like I went on faith 4 years ago with my curb painting business.
i loved this episode! Im trying to get started in real estate and i would be excited to start on a park bench with you.
Me too!
Where do you get the money from? If you say you do not use any saving, where does the loan come from? RRSP,TFSA ETC…? Do you look for a private lender?
Fantastic video and insight from Pace. I'm a 50 year old small business owner. Made a decent life for myself & family however after coming across Bigger Pockets, Pace, Real Estate Rookie videos i am more energized and chopping at the bit to not only get started, but to see success right from the start. *** question - towards the end of the video Pace references going to a title company's marketing department to obtain the specific lead list. Could these lead lists also be generated my some of these other tools I've been reading about...ie Propwire, propstream, propertyradar, etc. Are these title company lists perhaps more accurate? Thanks!!!
Its nice that you found the video insightful and that it has energized you to start your real estate investment journey. It's great to have that kind of motivation and drive, but before you jump into everything, I suggest taking a step back and considering getting advice from a trustworthy and certified investment advisor.
Real estate investing can be a complex and risky endeavor, and having the right guidance and expertise can help you navigate the process with more confidence and success. An investment advisor can help you assess your financial goals and resources, evaluate potential investment opportunities, and develop a sound investment strategy that aligns with your objectives.
Regarding your question about lead lists, while tools like Propwire, Propstream, and Propertyradar can provide valuable information and insights, going directly to a title company's marketing department may yield more accurate and specific lead lists. However, it's always important to do your due diligence and verify the accuracy and reliability of any information or data that you use to make investment decisions.
Best of luck on your real estate investment journey, and don't hesitate to seek the advice and guidance of a certified and reputable investment advisor.
I completely agree with what he said. Having an investment advisor can be invaluable when it comes to navigating the complex world of real estate investing. As a 50-year-old small business owner, you likely have a lot on your plate, and it can be difficult to juggle all of your responsibilities while also trying to research and analyze potential real estate investments.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we just don't know
Chris, go for it. I'm 51 and still a newbie. It's not easy. Neither is running a business. Of course, utilize a financial planner and learn as much as you can so you make smart decisions, but do move forward and take action. It will change your life.
How does subject to work when interest rates start decreasing and the seller’s interest rate is higher than what a bank can offer?
40:14 this is where it gets really good 👏🏽
i looked at this at 20 mins and i was like it gets better? 8O
Sooooo, you are basically acquiring the house via subject-to or seller-financing terms and then doing a 1031 exchange with the title to the house to set up your own rental property? Is that what it is? Are these deals wholesalable or assignable under most circumstances?
With vacancy, repairs, capex how much cashflow is good to cover those and give use a yearly return on rental income? Like if PITI is $1500 Should I look for $2500 in rents so I have $1000 buffer a month for those before mentioned things and maybe still have a couple hundred?
You guys should have TONY ROBINSON interview TONY ROBINS
Multiple references to earlier episodes by episode number but I don’t see any numbers listed for the episodes. What am I missing?
I tried to do the play, but no title company hold on to the expired listings in Fayetteville NC, or maybe it's just Cumberland County.
How does the agent get their commission if your only making monthly payments
Can I set up a personal consultation with you (Pace) regarding my buyer situation?
I pre-ordered this book and still have not received any email or anything from its creator. I do believe that Biggerpockets is creditable. That being said, I will update my comment on this CZcams page.
I preordered the book on Amazon, are we being sent the video companion guide?
Finding this video companion guide has become a challenge. I have not noticed any communication come through either. 35:33
There's a QR code at the back of the book for it.
I would love to go out and experience that with Pace as as newbie investor!!! How do I enter that competition???
Try to call any listings and make the offer WITHOUT cash or money down. In a market with any demand, people will either lough at you or offer very high interest seller financing. Maybe you can get a shed in a desert like this, but why would you want it?
Can you do cash out refinance on a subject 2 deal when 5 years later if the home equity is higher?
@@mtsmith901 yes, I don't see why not.
Have done few well with realtors. One realtor got 12k and i got the balance 18k minus 6k closing cost from buyers 30k dp in sub2 deal.
How do yo go about paying the agents commission
I have the same question. Only thing I can think of is that they pay that as a downpayment
People with a lack of knowledge on a subject will call scam or say impossible. Poor Dad really exists.
Hoping the bookis on audio. I volunteer myself to be the person to get the deal with no money, parked bench on a bench NYC.🎉
Love this guy, so giving and sharing with others
You explained that clearly and concisely! Good job!
Just pre-ordered the book. My son and I want to get into this industry. Thank you.
So bummed! I ordered the book 5 minutes ago because of the promoted video bonus and 30 min in, you just said it doesn't come with it for anyone who didn't pre-order before it was out? Can you change that policy for us other buyers?
So the end buyer for these arrangements is an AirBnb investor? And you're just getting part of the "AirBnb Equity" for the house when you assign the title to the end-investor? Is that what this is?
Hi ya
I will do this .. on a bench right now waiting.. please my good sir yoÜ would be a great mentor!!
It would be an absolute dream. Come true to spend the day with him to show me, and this little small town in Nebraska how to do this! I would love to except the challenge.❤️😊❤️😊
How do you avoid a situation where as the seller you’ve moved to a new home and the buyer stops making payments and potentially leaves you with two bills?
Someone answer this please!
Explain better? I'm lost.
My assumption is that one of the seven agreements he speaks of has a clause where if the subto purchaser does not make the payments for the distressed homebuyer that the property will go back to the original owner after three months or something like that. One of the benefits for the seller should certainly be that they get great credit for on time automatic payments increasing their credit score to make up for the shitty debt to income ratio they will be dealing with for some years when they go for a loan. but I don't know. I'm not in the program and to assume is to make an ass out of u and me.
There's a performance deed that if the buyer does not perform in 30 days it gets foreclosed on the buyer. The seller then goes back to square one where they're going to either sell or rent it.
@@2ndNatureNY They don't deal with DTI from the old home. A 3rd party payer company does payments on behalf of the seller, showing someone else has taken their place to pay. It is then removed from their DTI but stays on their credit.
How can I do subject to if the seller is going through a divorce and has a lien from the spouses divorce attorney?
Only one spouse on the loan and seller is behind on payments and property might go into foreclosure. I can get this house for a good price but can I do subject to with this property?
Maybe i missed it but who is paying the agents commission if you're not coming out of pocket?
As a real estate agent, I have seen this before. People cannot sell their home because they do not have enough equity to pay the real estate agent and the closing costs. So the house is at risk of going into foreclosure.
That's where a knowledged investor comes in to help.
Is this method viable ? Will it work from your experience
@@Twotonebee it can work, but there is risk involved. Definitely worth talking to a local attorney. One common issue is that the bank can call the whole loan due.
@@stephenadams6455how could they if your making on time payments?
@@stephenadams6455
It can be done more often than not and risk is minimal. After 35 yrs only had one call and still loan was not called. Never heard of any called amongst my associates. Thousands of houses.
Which one do you recommend "Wealth without Cash" or "Real Estate by the Numbers"??...
On seller finance deals, when mentioning no need for money down/cash available, how do you pay the realtor fee (when the realtor brought the deal to you)?
A partner or PML pays for it.
Hello thanks for the information! Where is the bonus extras you get for pre ordering the book?? Mines came in yesterday I’m not sure if I missed something or not thanks
The bonus video content is linked on the last page of your book! You'll see the password on the landing page it takes you to.
mybe in big cities miami sellers r there not in medium size
How do you pay the Realator all his commission with no out of pocket ?
Private money. Then you set it up to make payments for some time then when it’s time to pay them off REFI the house whichever way you choose to.
@@drakebonilla thank you , for the info, I appreciate it . Makes sense !
Is the training free
Hey Pace, what do you mean, pre- order? I want this book.Tgank you.
Pace I'm in west valley please choose me! I'm super motivated!!!!
I pre-ordered the book on Amazon 🤦♂️ because I didn’t know about all the bonuses. Is there any way I can get the bonuses?
Great stuff Pace. Congratulations on the book.
Great vid, I just got the book off Amazon (didn’t preorder😢)
I wish you could just put the profit back into a new investment in Canada and not be taxed. In Canada, you are taxed regardless if you reinvest the money.
Theme question was never answered guys.
How does the agent get paid?
I have the same question...
I love this! I so wanna get involved yet don't have money or rep to get it going. Any help or direction?
Great info!
Thank you for this breakdown chase.
I missed pre ordering the book by 2 days. How do I get the video companion guide?
How does the agent get paid in a sub 2?
Great podcast:do be aware that when you go to any of Pace's websites to "qualify" to receive more free informational videos/a phone call, your name, phone number, address (why even ask these questions?) will be sold to any and all 3rd parties FOREVER without any recourse to know who that information is being sold to. Pace/his team also IMMEDIATELY looks at your credit as we received a notice from Identity IQ Credit Monitoring that he was inquiring into my credit. Good info mixed with scamming.
Oh stop! come on these ppl figured out how to be of service with one another. Everything is transparent today with technology no-one other then yourself should care about your personal. They will ask for an email and will email you and show you what has worked for them you either invest on yourself or you don't, they could care less -you see them out in the world living their best lives. creating communities yes they profit from someone's pain but that's buissnes its about time that all older investor humble them selfs and start seeing the bigger picture yes its hard to trust ppl but theres so many of us that dont have time to burn or scam others we have 1000s of vacant properties sitting empty times are getting harder and harder we all should learn from Pace and reach out try to help and be of assistance to our communities of course there's bad ppl out there but we all could smell that from miles away
I will do this with you, Pace! Let's go! I love biy and hold too.
Just discovered you today. So sad to have missed out on the companion guide. :(
How can we get the video companion guide if we r just now ordering?
I got the book but it was passed the pre order time. I am wondering if there is any way I can purchase those videos?
Hey does the bonus video include Amazon orders too ?
Hello Pace. I would love to learn what you do and I would also like to go into the field and see how you do it. Is there anyway we can set that up..
What if house needs lots of work before living in it?
Great podcast. I did pre-order the book but wasn't able to submit my receipt on the BP site.
Did you use the correct url? Should be linked in the description
just preordered the book from amazon, couldn't pass that deal
I called title companies and no one had a list. Must only work In Arizona
I'm pre ordering the book now !
What about cash do on clause
I'm ready...
Wish he was in SC so I can follow him for a week
Please am interested in Real estate and want to learn more from you
Thanks for doing this. I pre-ordered the book. Any idea how we get access to the videos for the pre-orders from the wealth without cash book?
Naveen...have you gotten access to the video promised with the pre-order?
There's a QR code at the back of the book!
This is awesome!
I know I'm four months late but please drop a walk through of this with me.
But does this even exist in Europe, would the concept be exactly the same? Anyone with any answers about this, cause they arent answering the comments thats for sure...
Where to pre order???
The problem with these stories are the too perfect. Not conversation goes like the way Pace explains. I’ve called so many sellers to do seller finance and only a few are open to it, most tell me to leave them alone and never call back.
You suck at telling stories, that's all. You can't convince them, you can only tell them why it's good.
Can you do cash out refinance on a subject 2 deal when 5 years later if the home equity is higher?
Yes, you own the home. I’ve been a mortgage lender for 20 years, the refi would payoff the Subto loan.
@@martycalhoun1223 thank you for your answer 🙏🏻
Does Kindle preorder also get the bonus content?
Yes, there's a QR code at the back of the book!
I’m in the military and I would love to spend a day with you and start on a park bench, do it together :)
Has Anyone who has preordered the book received the video guide?
Jonathan...did you get access to the video from the pre-order? I have not yet. Something seems fishy...
There's a QR code at the back of the book for it.
How does a home owner not have equity due to loan type (fha, va)? Genuinely asking, because I don' t see how having 3.5% FHA financing has long-term effects on what a home owner will net 5 years down the line... Serious question, would love to understand.
It has low equity MOST of the time because of the low down payments required for FHA/VA which require 0-5% down, therefor these sellers are not able to pay down the loan fast enough to gain equity especially when bought in the past few years when prices were way up.
When you sell your home there are cost involved, avg is 6-8% of the sale price, so with increasing interest rate, people can not afford to pay the same purchase price that they paid just a year ago, so current homes are staying on the market long and having to lower their sales price. So with a low or no down payment, lower sales price and 6-8% cost, some sellers are having to come out of their pockets to sell the home or let the listing expire.
That happened to me when I bought my first house. The market crashed for the first few years and all of the housing prices went down. Thankfully, I didn't want to sell during that time and eventually the housing prices came back up and gained equity over the years. The 3.5 % is a great deal to get into a home where you plan to stay for more than 5 years. It takes time to build equity if you start with a very low down payment.
ELL, I saw this message now and I’m interested in the videos… but… seems they’re no longer available 😮😢
that makes sense, thank you!!@@drakebonilla
yean u miss payment n all ur money n credit gone
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Pace sells a 10k program to unsuspecting rookies….. avoid the scam
The only scam is you. People that sign up & waste their money do it to themselves.
Id tqke this challenge to get out of this truck
No such thing as a free lunch😮
🤯
How Pace makes millions selling a dream to naive people.
I've learned a lot from Pace for free. I'm aware he has paid mentorship programs, but honestly, he produces a tremendous amount of content for free.
Oh please take me! I would do anything on earth to spend a day a week a month with any of these people. I dare them to take someone who doesn’t know how they are going to pay next month’s rent and make them a superstar seller! Please pick me.
Sub to may work if u can convince the lender to put what is owed in the back, but hml no credit no cash asset based is bull shit i tried every way for three months or more they all want credit and cash 🤷♂️
I pre-ordered the book and uploaded my receipt. @biggerpockets @pacemorby how do I get the videos? I want to watch the videos promised with the pre-order.
There's a QR code at the back of the book for it.
Hi RER! I'd like to be a part of the live audience and even compete @ashley, @tony, @pace @realestaterookie re Subjuct 2 Live. idea:)