Determining if a Creative Finance Deal Is Good or Not

What do “terms” mean in a creative finance deal? In today’s video, Pace Morby dives into what terms are in a creative real estate transaction. He walks through a subject to deal he bought from Armando, a community member, explaining what each number - or term - means and how it impacts both him and the seller.

As he’s discussing the deal, Pace discovers the deal doesn’t cash flow. He renegotiates certain terms, such as the assignment fee, to be more beneficial to him since he know it will take longer for the property to profit. He provides helpful tips to keep in mind when determining if a creative finance deal is a good deal or not. You should be informed of what each term means so you know the correct questions to ask. This video is great to watch if another investor or agent reaches out to you, as the seller, asking if you’d sell your house on terms.

Get the full settlement statement for this deal below!

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❎ 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 YouTube video for entertainment purposes ONLY ❎

[Refwo]

Should definitely do more property walkthroughs and talk about the best exit strategy for that specific property and why you chose it.

[Refwo]

This was the best video literally EVER

[nishahyde]

This is definitely my speed and I absolutely love this teaching style.

[realaaronv]

Teaching style and speed is perfect Pace, love it!

[Atlantean_priest_king]

Omg this man is amazing ! Thank you Pace for all the content bro. 🎉

[johnnybgood]

I've been doing BRRRR (buy, rehab, rent, refinance, repeat) deals and house hacking.

Time to get creative! And learn more about subject to

[nandingpanelo]

Thanks Pace and community I am learning a lot

[carolynstrachan]

Just a little bit slower please. But I did catch on. Will watch it a few more times for accuracy. Thank you Pace, you rock!

[benny]

Not to fast. Makes me focused more pace 🎉😅 let’s go !!!!🎉💡💪💪💪

[fabianvargas-my]

how would you come up with the balloon payment in 5 years ? around 70k

[lettruthprevail]

The solar would cost money when vacant but the tenant would be willing to pay when renting.

[prophetic]

So how do you determine if a home is loanable by a bank without having to put money into it. Learning to be a certified home inspector might benefit a person who flips a lot of homes just trying to help with my thoughts. Hope this could help. Thank you guys.

[Tanyatnt]

Hi! in your video you mention that you would give the link to the reasons for you to buy this non-cash flowing deal. I do not see the link to this video, could you please share that. My guess is appreciation, but I would like to confirm. Thanks!

[jeffreylongoc]

This is why DISPO should sell you on the deal not the home and why they get what they get. Great to build that ELF for Easy Lucrative Fun=Long term relationship on the next ones Pace.

[kennyspade]

How should i structure a no money down commercial realestate deal, not even private money! I was thinking, give them the price they want in exchange for 5 percent interest and 0 down! Terms, first payment on the first upcoming month! Sound ok or no? Trying to figure this out! Lol. Thanks Buddy your the best! Peace out homes ✌ ☮ 🕊

[nishahyde]

A well-oiled machine, the whole thing.

[xejelah]

The pace is a little fast for me. I don't have a background in this, but it's probably good for a yt short.

[TheRealAustinHair]

Didn't he say $250k on the original loan? Why did it jump to 350k?

[edumana]

I have so many questions but I dont know how to ask them 😂😂 still trying to figure out the lingo. I’ve watched this video 8x to kinda understand it. A whole lot of pause and googling words.

[geraldlofton]

You Help Bail out the Seller this is a BAD deal for anyone beside you, the average person should not buy a deal like that!!!!