Pace Morby is a real estate investor who started his career as a contractor, where he renovated over 7,000 properties. He’s always had the entrepreneurial spirit, having built a profitable organization before graduating high school and running two companies while also attending college. One of his notable entrepreneurial achievements is having owned and operated a successful gas and oil company that had over $15 million in annual sales and employed over 200 people when he was just 23 years old. Some of Pace’s specialties include small business development, fundraising, and business consultations.
Pace joins me today to share his winning strategies when it comes to building a real estate company. He describes his vast career experience and why he decided to venture into real estate. He discusses the importance of social media presence, what the terms Subject-To and Due-On-Sale mean, and how you can protect your assets before a market crash. Pace also explains why door knocking will pick up in the near future.
“There is nobody that does creative financing exactly the same way.” – Pace Morby
On Today’s Episode of Flip Talk:
- Who Pace Morby is and how he got into real estate investing.
- How social media has helped his influence.
- What a Subject-To is and how you can make it work for your business.
- What people shouldn’t do to trigger the Due-On-Sale clause.
- How you can receive Due-On-Sale insurance.
- What to do when your transaction involves a party declaring bankruptcy.
- How to protect your assets when the market goes south.
- The best practices Pace has found for door knocking.
- What the future holds for the door-knocking strategy.
- How many doors you need to knock on before you get a deal.
- The importance of consistency and timing when it comes to door knocking.
- Why Pace doesn’t like hiring people by the hour.
Connect with Pace Morby:
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