The Beginner’s Blueprint to Buying $0 Down Real Estate w/Pace Morby

Episode #412

Grab Pace’s New Book, “Wealth without Cash”: https://get.biggerpockets.com/5fbfac0b-e728-4076-a4e7-523387e33104/

Pace Morby built an 1,800-unit real estate portfolio using none of his own money. Unbelievable right? Well, it’s 100% true, and he’s here today to tell you why most of what you know about real estate investing is entirely wrong. For years, you’ve been told to save up 20% down, keep your credit in tip-top shape, and NEVER buy at, or over, asking price. But, Pace did the opposite of what traditional investors told him to do. He’s bought thousands of properties with no money down, without a single credit check, and over asking price. His reason for doing so might surprise you.

Just a decade or so ago, Pace was a hard-working contractor, swapping toilets and painting walls to provide for his family. He thought he was running a successful business, but in reality, he was running his finances and potential of passive income into the ground. He was tied to the clock and needed to work to make money until an unexpected mentor gave him some stern advice. From there, everything changed, as Pace flipped from “worker” to “investor” and began building a massive passive income portfolio.

Now, as the king of creative finance, and author of “Wealth without Cash,” Pace is teaching the tricks of the trade that his mentor taught him. We’re talking about buying properties with no money, credit, or credentials and turning dud deals into cash-flowing monsters by using little-known investing strategies like subject to, owner financing, and others. This beginner guide will give you everything you need to know to invest without cash, credit, or years of experience!

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Show Notes at:
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Connect with Pace:
BiggerPockets: https://www.biggerpockets.com/users/pacej?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @pacemorby or https://www.instagram.com/pacemorby/
YouTube: https://www.youtube.com/@PaceMorby
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Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
01:08 Money Moment
01:49 Held Hostage By His Business
08:08 Uncovering a Seller's "Bunnies"
24:51 $0 Down Deals with Creative Finance
36:35 Are "Assumable Mortgages" Worth the Risk?
39:06 The Beginner's Blueprint to Creative Finance
51:07 Why Pace Doesn't Worry About Debt
55:59 Connect with Pace!
56:48 Grab "Wealth without Cash!"


Did you miss our previous article...
https://trendinginrealestate.com/where-to-buy/mortgage-crisis-distressed-properties-coming-soon