Pace Morby. How to Make Money In Real Estate. Episode 477 with The Real Brad Lea (TRBL)
Dropping Bombs
Brad Lea
4.9 • 2.3K Ratings
🗓️ 23 May 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
Pace Morby is the co-founder of Subto, a real estate education program and community focused on creative financing strategies that provides training and mentorship to real estate investors across America. Surround yourself with a community of active, high-level investors. When you join the subto community, you immediately gain access to sharing deals with some of the top producers in the country.
In this part two episode, Pace and Brad discuss how to make deals happen and how to make real money in real estate ASAP.
00:00 Intro
01:00 The deal that DM'd Brad that is now generating money
02:00 Triple Digit Flip on A&E
04:45 Three ways to make money in real estate
08:00 Have equity in your house and getting foreclosed on? DM Brad immediately
09:00 "My passion is creative finance because I can solve problems others cannot solve." - Pace Morby
13:30 How to calculate depreciation (Cost Segregation)
18:20 DM Pace @pacemorby when you don't have any equity and you do not want your property anymore
22:40 Seller financing
24:40 Get Pace to talk to the seller in this situation
27:39 Attempt at live deal
30:25 Bring the foreclosure deals to @therealbradlea on DM
32:51 A word to the "skeptics"
36:20 This is what YOU'RE looking for if you want to work with Pace and Brad
38:35 Bomb: Most people stop after the second time, people only want to do business with people who are legit and follow up and if you don't it's not worth it for you to get that house.
Transcript
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| 0:00.0 | Listen up or run |
| 0:23.2 | What it is Bradley back again with another episode of drop in bombs folks |
| 0:27.8 | This one is a continuation from the first episode he did you guys by popular demand pace morbies back in the building |
| 0:34.4 | What's up brother? What's going down? Are we gonna make some money together or what we already have we have haven't we? |
| 0:40.8 | I don't know let's break it down break it down. So um I came back a second time because I felt like that last episode |
| 0:49.6 | We didn't hit it hard enough and tell people to send us deals. No, but we got a deal out of it. Yeah randomly randomly |
| 0:56.6 | Right so bow. I don't know was it three months ago you get an email from a gentleman named Chuck DM a DM. Oh, he DMed you |
| 1:03.3 | So check Chuck reaches out to you goes hey man |
| 1:06.1 | I saw this episode with you in pace talking about creative finance and I've got this commercial building that I want to sell to you for |
| 1:12.0 | $0 down and you send me an email you go yo jump on this |
| 1:16.5 | So I jump on it and I'm like okay, all right. This looks like a good deal |
| 1:21.1 | And I want to break down how I looked at this deal and why I think it is a good deal for us |
| 1:25.9 | But more importantly, I want to talk about how we can do more of these together with the bomb squad with the bomb squad |
| 1:31.0 | So if you're listening folks, you can make some dough pay attention this may not be a long episode |
| 1:36.2 | But it's gonna be a good one. It'll be a short one. So there's three ways to make money in real estate |
| 1:39.7 | Oh, let me set this up |
| 1:41.0 | So if you guys haven't heard the first episode of pace make sure you go back and listen to it |
| 1:46.1 | But pace morbby has it has a |
| 1:49.2 | wildly successful |
| 1:51.2 | TV show now out on a and e with his partner |
| 1:55.0 | Jamil Damjee and there are the triple |
| 1:58.7 | digit flippers |
... |
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