Utilizing Creative Finance to Build a $300M Portfolio Using Zero of His Own Money | Pace Morby E43

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 27 April 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, Rich sits down for another interview in the Scottsdale Speakeasy with Pace Morby – creative real estate investor, expert in “subject to” and host of A&E’s Triple Digit Flip TV Show. Pace is the founder of Subto, a thriving real estate education program and community that teaches creative financing strategies to real estate investors of all experience levels in order to do deals without cash, credit, or credentials, and also has a bestselling book, Wealth Without Cash, ...

Transcript

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0:00.0	You know how many counties there are? There's like 3,700 counties in the United States.
0:03.6	Do you think these banks have a CRM that ties into all the recorder's offices?
0:08.0	No.
0:09.0	It's an antiquated system against a non antiquated system.
0:12.2	The bank is like hyper intense and smart, but the the recorder's offices are like these little ladies chill in there just transferring deeds all day long.
0:21.2	Yeah. I can go down right now next door neighbor or even your house.
0:24.4	You want to sell this house to me right now subject to,
0:26.5	all I have to do is have you sign a deed over to me.
0:28.6	I walk down the recorder's office, this property is mine.
0:31.5	So you can do it in the same day.
0:33.0	Same day.
0:33.5	Within two hours I could have I could have any property subject to.
0:36.6	Welcome to the Rich Shummers Report where we talk real estate, business, and wealth
0:41.2	building all while keeping it real. No fl no BS I hope that you enjoy the show
0:50.8	All right guys welcome to another episode of the report today we got a special interview
0:56.0	we are out here in Scottsdale Arizona about to host a free meetup at my luxury
1:01.1	Airbnb and I got a special guest. He is the king of subject to and the
1:05.5	king of creative finance. He's got his own TV show on A and E. I got none other
1:09.8	than Pace Morby. Pace, welcome to the show. What's's up rather this house that you guys have is so
1:14.4	special your team is unbelievable you guys are gonna have a couple hundred people come in here
1:18.9	and hang out at this property and you could legit fit like a thousand people on this property.
1:23.3	Yeah, it's good size man, 1.3 acres.
	...

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