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The Rich Somers Report

Building a $450 Million Real Estate Empire Using Low & No Money Down Strategies | Pace Morby E316

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 6 March 2025

⏱️ 70 minutes

🧾️ Download transcript

Summary

How do you scale from nothing to nearly half a billion dollars in real estate? In this episode of The Rich Somers Report, Rich sits down with Pace Morby, real estate investor and creative finance expert, to break down the low and no money down strategies he used to acquire over $450 million in real estate. Rich and Pace discuss: Why creative financing, seller financing, and sub-to deals are game-changers in today’s market.How Pace built a massive real estate portfolio without relying on tradi...

Transcript

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0:00.0

The intention of somebody that's like, I start and I stop is somebody who did it because I wanted one deal.

0:04.9

The person who sticks with it are the people are like, I'm not in this to do deals.

0:09.0

The deals will come.

0:09.8

I just want to work on myself.

0:11.3

I want to go do cool things.

0:12.4

I want to be around cool people.

0:13.9

I want to be part of the pleasure, the pain, the challenges, all that kind of stuff and they look at like a video game and um you go as hard as you possibly can other people are

0:22.3

like man i made three calls and i didn't get a deal it's because your intention was to get a deal

0:26.4

your intention wasn't to improve yourself and to obtain a skill a relationship or a resource

0:31.2

if that's not your intention you're going to be the start and stop type of person

0:35.3

welcome to the rich summer's report where we talk real estate, business, and wealth building,

0:39.5

all while keeping it real.

0:40.8

No fluff, no BS.

0:42.4

I hope that you enjoy the show.

0:48.9

All right, guys.

0:50.1

Welcome to another episode of The Report today.

0:53.3

I got someone who's been on the podcast not once, not twice, but three times now. He is the king of sub two. I got my man, Pace Morby. Pace, welcome back to the show.

1:02.5

Rich Summers, I got to tell you, this office is insanity. Guys, this dude has a building inside of a building. You've never seen anything like I walk in here. I'm like, this is insanity.

1:11.1

And a lot of people don't realize this. This office is 130 years old. So you can see the original

1:16.0

brick behind you, the original archways up here. And they used to manufacture goods and products here.

1:21.7

It was an industrial building. They rolled down to the ships and the train tracks, which is right

1:25.5

behind us. But the cool takeaway is

...

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