Title | : | Buy A Multi-Family With No Money Down |
Lasting | : | 9.25 |
Date of publication | : | |
Views | : | 48 rb |
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You went in thanks for the knowledge would like to hear more Comment from : @LucciMajor |
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Far too much chop editing in this video I gave it 4 minutes but, I'm out Comment from : @wiscopyro |
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I have a question I need clarification on typically they say you make money when you buy The cheaper you are able to buy the more room for profit and a better roí So when we seller finance and a zero down payment we have no initial investment This is leverage But I’m having trouble figuring out profit and exit startegy Obviously he wants to own for 50years But he’s paying 5 mill for 3 mill property How can I do this renovate and do a cash out refinance? Is that possible? Comment from : @xt0mm3y13x |
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Good afternoon Pace i'm a beginner with your community and i have a question Would you consider a property in Beverly hills and its a home that's not finished building yet price $1395,000 but est: 267m Comment from : @hollisavery4343 |
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How do u get your numbers or better question how do you structure the deal and how do you know if it’s a good deal for you? Comment from : @Goalgetterjanjan |
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Thank you so much! I just learned a lot from you in less than 30 minutes I went to a lot of 3-day meetings, but I never learned anything like this Again, thank you! Comment from : @kobeham753 |
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Did the seller take equity from the property? Comment from : @LRM7575 |
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Thank You for the video Comment from : @suzanneladue5828 |
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Tried this method Seller would only do seller fincancing at 50 LTR for 2 years 22 unit 45 million need 25 -35 downpayment Comment from : @jasonrocksvegas |
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Interesting Comment from : @withny1234 |
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You don’t need a partner for this right, when is seller creative finance? Comment from : @yennifercabrera3816 |
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That's cool but how do you find property owners looking to sell Comment from : @hatchetwarrior1240 |
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Usually the escrow deposit might be😂 high for a multi family building even if you got it for $0brSo how do you around that escrow deposit money ? Comment from : @realityrealestate5755 |
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Great video Comment from : @MichaelBlazicek |
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I have a 330 unit apartment complex in trying to lock down! 45m is selling point, that's netting 23m I need help! Comment from : @mrpayitforward4508 |
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Hi do you know of any banks that will allow an owner carry second position? Comment from : @andynu5064 |
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Who pays for closing cost in this situation? Comment from : @emileeid3127 |
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please list exactly what the seller saves by dealing with a buyer without banks and brokers, ie broker commissions, taxes, etc Comment from : @mikevinitsky8506 |
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why not charge you market interest? he is losing a lot of money by giving you below market interest rate Comment from : @rlkinnard |
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After this contract is executed, what's next? Do I contact the current property management? Comment from : @DeemTV1 |
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I want to do this Comment from : @ashleydepeazer7587 |
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Pace, I was just on costar and saw this building has not traded since 2017 and is currently listed for sale Did you actually buy this or was this just a case study? Comment from : @GabeKlein770 |
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Who pays for the deal ? Who pays the seller? How did you pay the 3 million? Comment from : @TylerandTamarashow |
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Why doesn't the owner simply remain the owner and enjoy the rent and improvement of the property?
bryes it requires work and everything Comment from : @NatiInvestments |
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Wow! Win/Win Comment from : @tinarook6707 |
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Dope information… Hat 🔥 Comment from : @devonjohnson1983 |
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$3m purchase price with $30k gross monthly rents would at 6 cap rate brbrMfh have a 50 expense ratio, between managment, taxes, insurance, maintenance, turnover etc… brbrAfter $11k to seller, Pace would clear $4k per month, still great deal at 0 down, Infiniti’s money Comment from : @YarikDidenko |
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It would've been great if these videos would have been around when I tried to purchase 60-plex with seller financing and the owner basically laughed at me Comment from : @jorgecaicedo1982 |
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Wowww 🙏🏾🙏🏾🙏🏾🫡🫡🫡 Comment from : @pierrotmichel |
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the seller gave you a amazin deal no money down @ 4 is very rare you must be able to talk a cat off a fish wagon Comment from : @KatrellSmith |
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what percentage of those 43 units are occupied? Comment from : @JohnMagnor |
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@pacemorbybrCan you do subject to on multifamily? Comment from : @kamronenglertv |
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Great deal but you didn't mention how much your closing costs were Comment from : @justinigoe2969 |
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Be done with the swipe noises already Comment from : @cherylvargas9187 |
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Mind Explosion Comment from : @_BenjaminManuel |
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I like HOW you explain and break down things 👍 Comment from : @Ormedo-t8v |
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My question is why the seller won't go and rent the properties for 30k a month and he is willing to sell it with a 10k monthly instalment? Cause in 50 years he would have made much more from the offer he accepted plus the value of the house in 50 years will be much higher than the price he accepted Comment from : @panagiotissherepeklis1389 |
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For the FOURTH DAMN TIME 😂😂😂 Comment from : @AppleAbston |
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How do we send you deals Pace? I have seller finance deal that I need your assistance with Comment from : @Shemsizedek |
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I was stationed there in the military, big training base there Good area, college/military town, should be OK Comment from : @tenminutetravelbreak |
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I don't understand for one second why he would sell to you and take a loss on the payments, per month You now get the $30k/mo instead of him, and now he only gets $11k/mo Why, if he is a smart investor and setting his family up for the future, not just hire a property maintenance company (which he probably already has)? How is it smart for him to take a monthly loss of $19,000???brbrThat does not make any sense from an investment perspective and I'd like to understand how this deal even came to fruition Comment from : @givemedrums83 |
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🔥🔥🔥 Comment from : @garffthejeweler2323 |
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I live in San Angelo Hope to see you doing more deals here and continuing to bring your knowledge & experience to our community! Comment from : @masonmagness2121 |
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Hello I would love to do this do I need a license or degree for this Comment from : @juniorrenella1191 |
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well damn i should of brough you one of my seller finance deals i might try that with a seller im horrible at figuring out terms Comment from : @Hi-C-u |
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Why didn’t the seller pocket that $10k a month and have his children inherited the property when he passed away ? Comment from : @bbgen-sp6ns |
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Great video! How much was your total investment including inspections and closing costs? Comment from : @bnbsuccessteam |
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Can you explain how you got to $11k monthly payments ? Over 50 years that’s $66M Comment from : @abieshamosh-tg3vq |
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Can i fine deals for you and just get a small piece of equity in the deal with you? Getting into real estate been investing in the stock market for 8 years Comment from : @MarkCoxInvesting |
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I lived in the Grand Rapids Michigan and I know there is a big difference in the everything in Michigan How can I know what you are saying is not for bidden in the Michigan (illegal), if not how do I get started on buying an apartment building? 🎉 Comment from : @adrianmol7698 |
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WOW YOU EXPLAINED THIS TO ME WELL LOl There is a condemned property in my neighborhood and the seller wants 2M for the property and it needs a bunch of work/ fire damage it needs new everything but it could be 2 or 4 units with 8 bedrooms Great location do you think creative financing will work for this deal? Comment from : @beybeatruths |
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Pace, I have to ask I’m super green to this business, virtually no experience though I’ve been in sales all my life now doing decent in Solar I want to invest in taking a course and start hunt for real estate deals Do you have a training program for sale or recommend any one personally? Also I’m in TX Comment from : @CopoeiraBernardo |
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Pace what if you sell to him for $5,000,000 but 0 interest? Is that ok? Comment from : @shazadster |
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Who paid the closing costs? Comment from : @denise2618 |
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A little late to the game with this video But man oh manI just LOVE creative financing What a great deal Pace and congrats on yet another acquisition But I do want to give everyone some exact numbers for all those that want to know brbrFor the $3mm loan at 4 interest over 50 years, the monthly payment will be: $11,57121/mo The seller will have sold that property for $6,942,72641!! Or to look at it a little differently, the seller (and his heirs) will receive $3,942,72641 in interest payments over the next 50 years So for everyone wondering, "Why would the seller sell this property with $0 down and at just 4 for 50 years?" Well, I think you know the answer 😁 Comment from : @brandonmix |
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You did that bro 👏🏿 🙌🏿 Comment from : @justingordon2293 |
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Great information and video I'd love to see how the contract was structured Also, wouldn't this only be viable if the owner owned the property outright with no liens on it? Comment from : @RDFaust1 |
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Is he going to live another 30-50 years to collect the extra 2mil? Comment from : @squirrelatwork |
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How do you overcome the objection of mismanagement? Some sellers on the tail end of their career are nervous of you mismanaging their asset, not making payments, now they're back to square one with a much more distressed property Comment from : @23Boarder10 |
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Sheeeeeeesh!!!! 🔥 AMAZING - love all of your content man! Comment from : @thegrone595 |
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Awesome Video Definitely straight forward! Love both of your teaching for formats, however, Fast Furious is awesome and Funny! Comment from : @pro2a785 |
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how would the exit plan work if in 10 years you decide to "sell" these units? are you able to sell the unites if you are doing Seller financing? Comment from : @rafaelramirez7576 |
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Had to give a like at :17 Comment from : @CarlosPerez-ut5ze |
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How does creative finance works? How can I have a wholesaler that brings me this kinds of deals It’s just beautiful I wish I could do that I feel like I need to do this right now I’m done working I have 250k sitting in my bank because I don’t know anything I lack of information I need to know more about creative financials How can I bring that up? How can I do that paperwork by myself? A lot of questions Comment from : @NicolasReyes3 |
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Help!!! If he paya 11000 monthly, it ended up around 6 million, but he said 5 million, how it works? Comment from : @musicaluxito |
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Great video Is there any exit strategy to this? I'm assuming that's interest only payments and no principle pay down? Will you ever refinance, if it's worth 45mil one day with a lower interest rate? How do you get full ownership onto your self of llc eventually or is that not even a consideration Hope to hear back Comment from : @richardqc9772 |
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Back from Dallas we here Comment from : @jklm5219 |
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I am looking to do this in a couple of months Comment from : @cslaton921 |
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I love the videos, thank you for sharing I've watched many of them now and one thing I'd like to see that isn't shown is the end results For example, can you post a video now (that it has been a few months) showing us the actual financial statements? Show us actual income, maint, loan payments, etc so we can see how it has worked out for you after this amount of time Comment from : @DatSure |
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Pace Sell me one of your muktifamily properties using creative financing for zero down Comment from : @jcastilloarc |
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Golden nuggets!!! Comment from : @RealestateByMoe |
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"Slow Clap" Comment from : @isaactrujillo2022 |
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Cool 😎 Comment from : @menolara17 |
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Pace you thank you so much for the video brotha!! I actually have a multi family opportunity direct to seller 5 apartments bundle in Toledo, OH What’s the best way to get ahold of you to discuss this? Comment from : @jayvionstevens1226 |
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Thank you! You seriously rock!!! Comment from : @CarolWhitaker |
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Why is the rental revenue so low? I make between $30-$50k/year on ONE unit!! Comment from : @shayladuke3382 |
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Can I work for you? Comment from : @tylerjorgensen6428 |
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What about the employees you will have to staff? Cap ex and employees pay maintenance maint supplies and leasing agents that are typically full time in a apartment? Comment from : @stevenkyler4937 |
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Great video I need 5 of these I am pulling a list tommorow Comment from : @curtisharvey6615 |
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Ok I understand what you explained… BUT once the sellers says yes…brbrHow’ do you structure this on paper? brbrbrbrCan I get the NFT for you the property you got on live in May?? 🙏🏼🙏🏼🔥 Comment from : @CAlejandro |
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I could cry watching this! Comment from : @charlescarter9508 |
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Wish you'd do more videos EXACTLY like this when dropping your info bombs It's straight forward, easy to understand and there's zero deviation from the topicbrI understand creative Financing 50x better from this video than I did from the 1hr or 25hr zoom call covering itbrPlease, please make more videos just like this! Thank you again Pace for being such a valuable human! Comment from : @SofaKingWhat-bruv |
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Pace your daughter is adorable! You are the man The value you provide is amazing Comment from : @synickanash5380 |
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Hi Pacewhat did the wholesaler end up making!! GREAT VIDEO AND CONTENT AS ALWAYS Comment from : @jeffcarter2446 |
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"more money better term for the buyer!!" ✔️ Comment from : @pirytreasuresales4737 |
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It’s Morbin’ Time Comment from : @jorgepolo9901 |
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Amazing! Thank you so much! Comment from : @rae08 |
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Great vide! Conceptually, consider what it cost you on a monthly basis and not what you pay for the property If you arrive at those same numbers monthly, you could pay 4m for the property and still be a good deal Comment from : @macjusss |
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I’m curious to know more about the tax benefits to the seller in this deal I have an idea, but I was hoping someone could explain them in case I missed some Comment from : @rakishthoughts7377 |
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Wow!! That’s so fantastic! It’s a win win for seller and buyer! ✌️ Comment from : @carmenlohncota9527 |
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Something doesn't add upbrbrWhy take a 50 year at 11k/m If this guy is so savy he can do a lot better than 4 annually 285m VS 3m is negligible over that term Even when including the 300k in feesbrbrAlso if you want to avoid taxes he has a year to reinvest back into another propertybrbrLastly, if this investment grosses 30k/m and the operating expenses are only 9k, I'm sure he can pay someone alot less than 21k a month to handle all the headaches like trash and toilets (which in sure a savy investor isn't handling himself) So why leave all the cash flow on the table and not get a lump sumbrbrHe could get a higher total return monthly simply investing 15-2m (after taxes on sale) in an EFTbrbrThis deal needs a lot more explanation If there are as many of these deals out there as you say Why share them with us Just scoop them all for yourself You literally have no skin in the game if the investment goes bust the original seller takes it back and you lost nothing Comment from : @baumrealestate |
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Bit of feedbackI'm 37 and really don't need fancy editing and music Or Explaining the 'what' etc Comment from : @stephenthompson9722 |
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I wanna be like Pace ❤️🙏 Comment from : @susanloy8846 |
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Pace, how much did you pay the wholesaler that brought you the lead? Comment from : @wyha7 |
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