Stop Worrying About Equity -- Start Closing Deals in 2025 | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 6 December 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline (Subto Edition), learn how Pace acquired a property with no equity and no cash upfront, leveraging creative financing for long-term gains.
Show notes — in this episode we'll cover:
- Through cash flow, appreciation, mortgage paydown, and tax benefits, Pace breaks down a deal that yielded significant returns over five years.
- Neighborhood restrictions on short-term rentals prompted the sale, showcasing adaptability in real estate strategies.
- Pace challenges the reliance on credit and large down payments, advocating for innovative, low-risk strategies.
- Pace emphasizes: real estate success is built on taking action and staying flexible to adapt to market shifts and challenges.
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo ⚠️
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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
Click on a timestamp to play from that location
| 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 |
| 0:08.2 | way for you to get started in real estate, but you can also build cash flow and build a portfolio |
| 0:13.5 | in the process. Today's episode, you will walk away with tremendous notes. And I want you to remember |
| 0:19.3 | we do a live 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 |
| 0:38.8 | Enjoy today's episode. |
| 0:46.1 | I can't believe it. I'm selling another house |
| 0:48.7 | Another house is hitting the market this house on 2720 North Sterling Avenue in Mace, Arizona, a house |
| 0:55.1 | I've owned for five years and I bought with no equity, meaning I started with no value in |
| 1:01.0 | this property, I paid full value for this property. Buying it subject to, I'm selling the property. |
| 1:07.3 | So let's go through why I buy properties with no equity. Why do I do subject to? |
| 1:12.4 | And why the heck am I selling this house? This house is currently under contract at $685,000. |
| 1:19.0 | This is a house that used to be an Airbnb, but under attack, under attack, this whole neighborhood |
| 1:25.2 | is attacking all Airbnbs. So here is the breakdown of this property. |
| 1:29.7 | When I bought this property, okay, when I bought this property, I paid full retail price. |
| 1:34.3 | In fact, the seller could not sell this house and I get a lot of criticism. |
| 1:38.4 | They hate me because they ain't me. |
| 1:41.4 | And they're not using the appropriate methods. |
| 1:43.0 | What they're doing is they're saving all their cash, they're getting credit. They're going and building up their credit so they can |
... |
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