How I Snagged a $3.7M Ranch With A Single Dollar -- Full Subto Deal Breakdown | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 11 October 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline (Subto Edition), Pace walks us through a creative finance deal and breaks it all down.
Show notes — in this episode we'll cover:
- Pace shares how he bought a 20-acre property in Montana with just $1 down using creative financing strategies.
- Pace breaks down how “subject to” and seller financing work, explaining how these methods allow buyers to bypass traditional bank loans, high interest rates, and credit checks.
- Full deal breakdown: how Pace structured a win-win deal with the seller, avoiding taxes and securing low interest terms on a $3.7 million property.
- Myths busted: no need for 20% down, 7% interest rates, or a good credit score—Pace shows how creative financing can be applied to buy luxury homes, RV parks, and more.
- How Pace plans to turn the Montana property into a profitable event venue, hosting weddings, masterminds, and retreats.
- Strategies for finding subject to and seller finance deals, including top platforms like Investor Lift, Privy, and Landwatch.
- Risks and rewards: Pace covers potential challenges like dealing with the “due on sale” clause and how to protect sellers’ credit.
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎
Transcript
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| 0:00.0 | Hey guys, Pace Morby here. Welcome to Wholesale Hotline Podcast. Today, we're going to be talking about |
| 0:04.0 | wholesaling and how you can get started. But I want to tell you, wholesaling is not just an amazing way for you to get |
| 0:08.9 | started in real estate, but you can also build cash flow and build a portfolio in the process. |
| 0:15.2 | Today's episode, you will walk away with tremendous notes. But I want you to remember, we do a live |
| 0:20.5 | episode every Monday night |
| 0:22.5 | over on my YouTube channel, YouTube.com forward slash pace morby. Head over there and you can meet |
| 0:28.4 | other audience members and do deals in the live chat. Remember to subscribe, give us a little bit |
| 0:34.5 | of love, and make some comments in the show notes down below so we know what to talk about in the future. |
| 0:39.2 | Enjoy today's episode. |
| 0:45.6 | In 2024, buying a house has never been more challenging, except for people like me using creative finance. |
| 0:51.3 | It's never been easier. |
| 0:53.0 | While everybody else is struggling on the sidelines, having a hard time getting bank loans and high interest rates, here I am in Montana on a house that I bought with no credit check, no bank whatsoever, and only $1 as a down payment. Sounds like a scam. It might be. I might have to break this all down for you and show you what's possible and show you where I find these deals, how I structure them. |
| 1:13.3 | And what the heck am I going to do with a 20 acre parcel, 8,000 square feet and a 3,500 square foot barn, all to myself with my family? I'm actually going to make money on this bad boy. Let me show you how. Most common question I get is how do I buy a house with no money down? |
| 1:28.5 | How do I buy a house with no credit? |
| 1:30.3 | How do I avoid a house with no money down? How do I buy a house with no credit? |
| 1:30.3 | How do I avoid working with banks? Pace, are there ways to buy a house in 2024, 2025 without going to a bank and getting 7%, 8% 9% interest rates? |
| 1:40.3 | Is there a way to buy a house without 20% down? Is there a way to buy a house with literally no money out of pocket? The answer is yes, and we're going to be talking about that in this video. Another question you might run into is if you are a seller of a home and you're underwater, maybe you're going through a tough time, maybe you've listed your house on the market and it's not moving? Can I use creative Finance to sell that property? Or maybe you're the |
| 2:01.1 | agent representing that seller having a hard time moving that property. So if you're either A, a buyer |
| 2:06.1 | or be a seller, Creative Finance can help you get out of a situation that you might be in or into a |
| 2:10.8 | situation that you've been trying to get into by getting a down payment, getting credit, all of those |
| 2:15.3 | types of things. We're also going to be going into all the bullshit that I hear every single day, all of the myths that I used to believe. Why? |
| 2:23.7 | Because the education system teaches us how to be drones. It teaches us how to be line workers and |
... |
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