Get Creative with Pace Morby

Latest Episodes:

The Art of the Turnaround: Mastering Business Transformations May 15, 2024

Show notes

Welcome to a new episode of Get Creative. In this episode, we’ll go through the world of business transformations. I'm joined by Cody Barton, an expert in acquiring and turning around struggling businesses for massive profits. We unpack the secrets to real estate success, share insider tips on creative financing, and discuss the important role of leadership and culture in reviving business operations.

Highlights:

"If you can understand the financials and the money aspect of the business, managing the money, where it goes, how to track it, you have a 99% edge over everybody else."

"The difference between businesses that succeed and those that don't often comes down to leadership—removing the wrong people and empowering the right ones."

"We're not just buying businesses; we're solving real problems, turning pain into profit, and transforming challenges into opportunities."

Timestamps:

00:42 - Creative Financing in Real Estate

04:09 - A Successful Property Turnaround

06:27 - Failing Business into a Profitable Venture

09:01 - Challenges in Businesses and Acquisition Opportunities

12:44 - Exploring Business Acquisition Platforms

19:00 - Financial Mismanagement in Business Purchases

24:21 - Effective Delegation on Business Scaling

33:28 - Introduction toScale with Pros Platform

51:36 - Scaling New Heights in Business

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Keleisha Carter’s Path to Creative Financing May 14, 2024

Show notes

Welcome to a new episode of Get Creative. In this episode, we dive into Keleisha Carter's journey through the world of real estate. Discover how Keleisha transitioned from quitting her job to nailing down creative financing strategies. This episode is filled with practical insights and real-life strategies that can help any aspiring real estate investor make the most out of their opportunities. Tune in to learn, get inspired, and discover how you can also use the power of creative financing in your real estate ventures.

Highlights:

“Whatever you do, give it 90 days and screw everyone who's talking about your accent, that is what's going to make you very unique."

"I realized I still don't want to do it. I hate cold calling. But you gave it the 90 days so you could truly understand what it was."

"I'm just going to do it differently now. I've got these checklists and these SOPs, and I'm just going to do things differently when I approach the next deal."

Timestamps
00:00 - Meet Keleisha and Her First Deal
02:42 - A Catalyst Momen
05:00 - First Big Deal
06:18 - Community Power
07:24 - Learning from Mistakes
10:00 - Strategic Shifts
12:13 - A Creative Solution
15:00 - Underwriting Insights
17:40 - Sustaining Commitments
20:00 - Educating Agents

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From Fireman to Fixer: Jacob's Journey in Albuquerque May 13, 2024

Show notes

Welcome to a new episode of Get Creative. In this episode, Molly chats with Jacob Tapia, a fireman transitioning to a full-time real estate investor in Albuquerque, New Mexico. Jacob shares his experiences and lessons learned from a challenging real estate deal that almost went south. With a mix of humor and sincerity, Jacob shows how community support and smart advice helped him turn a tricky situation into a learning opportunity. Join us in this talk mixing real estate wisdom with personal growth stories.

Highlights:

"Once you get your first deal done, it's going to help out... It's proof of concept."

"It was nice to have the mentors come in and be like, 'That's not how you should go about it.' So I had to go eat crow."

"By being capitalists, we get to actually help people and stand in the gap where normal banks wouldn't."

Timestamps:

00:00 - Introducing Jacob Tapia

01:36 - Jacob's Transition from Fireman to Real Estate

04:19 - Valuable Mentorship and Rejecting a Bad Deal

06:48 - Lessons from the Deal: Listen to Your Wife!

09:16 - Resolving the Deal and Helping a Family

12:01 - Promotional Segment for Sub Two Students

14:47 - The Impact of Community and Investor Ethics

18:37 - Jacob Shares Advice for New Investors

23:59 - Learning from Mistakes with Title Companies

25:47 - Jacob's Goals and Future in Real Estate

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Mastering Multifamily And Creative Real Estate Investing with Pace Morby & Veena Jetti May 12, 2024

Show notes

Welcome to a new episode of Get Creative. I joined Veena Jetti on her podcast Clever Investor Show where we share their expert insights on multifamily properties and creative financing. Join us for actionable tips and deep dives into the complexities of the real estate market. Get ready to learn strategies that could revolutionize your approach to real estate investing!

Highlights:

"In real estate, you never have a money problem, you only have a creativity problem."

"Every dollar of additional bottom line income is a $20 addition in the value of the asset at a 5% cap rate.”

"Build wealth at warp speed right now. This is the moment to go as fast and aggressively as you can. There’s so much uncertainty and change coming."

Timestamps:

00:02 - Introduction: Veena and Pace Join the Show

01:05 - Real Estate Strategies

02:15 - The Key to Real Estate Success

03:11 - Multifamily Market Dynamics

05:11 - What Is 'Normal' in Real Estate?

06:19 - The Shift in Real Estate Strategy

10:03 - Fast Property Turnaround: A Success Story

16:17 - Debating Debt Quality in Multifamily vs. Single Family

22:29 - The Importance of Community in Real Estate

41:15 - Future of AI in Real Estate

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A Real Estate Deep Dive with Pace Morby and Jamil Damji May 11, 2024

Show notes

Welcome to a new episode of Get Creative. In this episode, I joined Jamil Damji on The Clever Investor Show. We dive into our journeys through real estate, from thrilling success to challenging lessons learned along the way. Join us and learn more about making 7-figures in the real estate world and get a good dose of inspiration to fuel your path to success.

Highlights:

"I’m over 5000 [deals]... But it pales in comparison to the relationships that I’ve made in doing that volume of transactions."

"Every single time you do a deal, you're learning. You're failing forward, you're understanding what to do next time."

"For every new level there's a new devil. And I think that every one of those opportunities that is given to you, while you don't see it in the time, is a blessing for a learning moment."

Timestamps:

00:22 - Introduction to Pace Morby and Jamil Damji

04:59 - The Significance of Relationships in Business

17:04 - Explaining the 'SubTo' Real Estate Strategy

22:39 - First Steps in Wholesaling

32:04 - Building and Sustaining Professional Relationships

39:03 - Real Stories of Partnership and Trust

45:06 - The Power of Reciprocity in Busines

50:18 - Evolution of Entrepreneurial Mindset

01:02:37 - Mentorship: Its Impact and Necessity
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Navigating Complex Deals with Kelly Humbarger May 10, 2024

Show notes

Welcome to a new episode of Get Creative. In today’s episode, we sit down with Kelly Humbarger, an expert in handling intricate real estate transactions. Kelly shares her journey from being an intern to managing challenging deals. She talked in detail about a particular case that involved mortgage forbearance, multiple liens, and creative financing. Join as she shares the nuts and bolts of real estate transactions and how to navigate through unexpected challenges with poise and expertise.

Highlights:

"Human beings are human beings; six months goes by in a blip. And then before you know it, you're at that $2600 month payment and you can't make it."

"You're really good at figuring stuff out. I feel like you have a really good like even if you're uncomfortable, you give off like, 'Okay, I'm telling you I'm uncomfortable but I'm fully prepared to handle it.'"

"There's never not one transaction I've ever done that has ever been the same. And there's always something to learn from each of them."

Timestamps:

00:00 - Introduction to Kelly Humbarger

01:26 - Origin of a Complex Deal

04:25 - Kelly's Transition from Intern to TC

06:19 - Challenges of Multiple Liens and Forbearance

09:31 - Navigating Forbearance and Lien Challenges

12:05 - The Urgency and Reality of Closing Periods

16:26 - Setting Up Servicing Before Closing

19:06 - Document Handling and Servicing Setup

23:32 - Financial Arrangements and Investor Relationships

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Making Dreams Come True: The Milinazzo's Real Estate Journey May 09, 2024

Show notes

Welcome to a new episode of Get Creative. Today, we’re diving into the real estate journey of Angie and Dom Milinazzo. Forget flipping houses, this power couple flips the script on real estate! Join them as they tackle tough deals, turning hurdles into triumphs and leaving a positive mark on everything they touch. Their journey isn't just about bricks and mortar; it's about forging a stronger community and making a real difference in people's lives.

Highlights:

"It really changed us, and then, you know, drinking through a firehose everything that we've learned... we didn't have a dinner, a birthday party, nothing without a zoom."

"Some of the people cry, they cry because they're so happy that they got a house... we really are making dreams come true."

"I talk to a SubTo student probably once a two or three of them a day, different ones asking for help."

Timestamps:

00:00 - Introduction to the Milinazzos

00:38 - The Deal in Colorado Springs

01:06 - Unexpected Opportunity

02:17 - Challenges with Communication

03:06 - Helping Two Families

07:14 - Becoming Real Estate Agents

10:02 - Joining a Mastermind

15:22 - Building Relationships

23:07 - Community Outreach

26:12 - Reflecting on the Journey

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Mastering the Art of Real Estate Deals and Negotiations May 08, 2024

Show notes

Welcome to a new episode of Get Creative. In this episode, I joined the Carrot Cast Podcast with Trevor Mauch and Brady Winder as we delve into the world of real estate negotiations. I share my innovative approaches and 'Pacisms,' to reveal how combining creativity, empathy, and strategy can transform your real estate dealings. Give this episode a listen to learn some actionable insights to help you enhance your negotiation skills and connect genuinely with sellers.

Highlights:

"Buyers are liars, sellers are worse. And if you give them permission to lie in the first couple of minutes, they will."

"You ain't that good. So you're probably not going to win organically especially in a post follower world when this whole game is no longer about build followers.”

"It's not about being the first one to speak, it's about making sure when you do, it adds value to the conversation. It's about turning transactions into relationships."

Timestamps:

03:30 - Building Rapport

10:00 - Creative Negotiation

15:00 - The Seller’s Perspective

20:00 - Practical Negotiation Tips

25:00 - Real-life Negotiation Example

30:00 - The Importance of Empathy

35:00 - Overcoming Common Hurdles

40:00 - Future of Real Estate Negotiations

45:00 - Q&A Session

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Success Through Connection: A Real Estate Rollercoaster Ride with Ali Fordyce & Tigger Huchel May 07, 2024

Show notes

Welcome to a new episode of Get Creative. Today, we’re joined by Ali Fordyce & Tigger Huchel as we discover some of the complexities of real estate deals through stories of unexpected turns. Ali and Tigger share their journey from a near-impossible situation to an overwhelming success. Get to know the power of networking and community support in the real estate world. Tune in to learn how a mix of perseverance and the right connections can lead to incredible outcomes, and why you're never truly going it alone in this industry.

Highlights:

"So yeah so that's how that's what happened. And yeah that's such a good story."

"This is how you get successful though because you've networked now you have Tigger now you have all these other people that you work with in New Jersey."

"It's fascinating, isn't it? The idea is not to try to do it yourself. Your idea is not to do it by yourself."

Timestamps

00:00 - Introduction to Guests

01:06 - Starting the Deal

02:06 - A Critical Decision

04:05 - The Dilemma

05:31 - A Turning Point

07:54 - The Connector's Role

11:23 - Sale Strategy

17:57 - Full-Time Commitment

22:24 - Community Impact

29:10 - Future Ventures

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Texas Two-Step to Triumph: How Ehimen Ordia Turned a Real Estate Rubble into Gold May 06, 2024

Show notes

Welcome to a new episode of Get Creative! In this episode, forget bidding wars and market meltdowns! Ehimen Ordia flips the script on Texas real estate. Join us as Ehimen dives into a jaw-dropping story of transforming a complex deal from a tangled mess into a lucrative opportunity. Discover how he leveraged collaboration, community spirit, and top-tier problem-solving skills to navigate the competitive Texas market successfully.

Highlights:

"It's about helping this guy who no one else was willing to help. That's where the reward comes in."

"When there's a will, there's a way... and a lot of times with these modifications, it gets to a point where the seller could actually stay."

"It's not really that much money month over month if you were spending that long on it... people here are truly driven to help other people."

Timestamps:

00:00 - Ehimen's Deal and Background

01:15 - Building Relationships and Community

03:06 - Complex Foreclosure Challenges

04:18 - Evaluating Property and Assessing Damage

06:24 - Successful Loan Modification

09:22 - Creative 'SubTo' Strategy

15:12 - Finalizing the Deal and Seller's Relief