They’re Lying To You About Buying A House - Do THIS Instead! | Pace Morby

**Pace Morby** (0:00)
59, 60, 60, oh hey, I didn't see there. I was just getting a quick little bicep workout in, and technically I didn't even need to be counting my reps. This thing counts for me. Six, seven reps in, it won't forget. Great timing though, because AMP is actually sponsoring today's episode, and they sent one over for our new warehouse gym. This is AMP, the smartest home gym on the market. Think of the cable setup you'd find at a commercial gym, but in your house. It counts your reps, remembers your weights, and when you walk up and hit start, it's already loaded from your last session. All the guesswork is gone. You can run it in fixed mode for a standard cable feel or flip it to eccentric mode for extra resistance on the way down. Every fitness expert that we've had on the podcast says that time under tension is key, and this gives you exactly that. It comes with a full set of attachments that lets you do over 500 movements.

**Graham Stephan** (0:46)
It's basically like having an entire gym, but in the corner of your room.

**Pace Morby** (0:50)
And if you don't know where to start, it picks a trainer, builds your plan, and tracks everything automatically, and you're not paying $100 an hour for a personal trainer. And on top of all of this, a white glove crew installs it. Ours was up and running in 30 minutes, and there's a 90-day free returns policy. AMP handles the whole pickup, but less than 1% of people send it back, so that should tell you something. The link is down below in the description, guys. I could not recommend this equipment more. Check it out at amp.ai, or also link down below in the description.

**Graham Stephan** (1:17)
Use code IcedCoffee for 10% off. It truly gets a great workout in.

**Pace Morby** (1:22)
Thank you so much to AMP for sponsoring this episode and back to the podcast. How much real estate do you have? 500 million. How much debt do you have on that? 400 million.

**Graham Stephan** (1:31)
Does this scare you?

**Pace Morby** (1:32)
I'm just getting started. Creative finance is dangerous. Why is it dangerous? It's because it's so effective. My name is not on anything. I've not signed for anything. I've not applied for anything. If the world torches, let's say AI comes in and robots take over the entire world and I lose everything, guess what happens to my credit?
Nothing.
You can do anything. Planes, houses, RV parks. There's nothing you can't do with creative finance. How do you find these deals? I don't go find houses, I find pain. What am I looking for? Foreclosure, divorce, bankruptcy, pain, pain, pain, pain. What are your predictions then for the overall economy? The middle class is getting eaten alive. If you don't own a business or own an asset, there's no job that is paying you as much as the cost of things are going up. It's just going to get worse. Explain how you're right if you're also the person that's making money off of all of these people.
Pace Morby, thank you so much for coming on The Iced Coffee Hour. First question, how much real estate do you have? About $500 million. And how much debt do you have? Probably about 400, between 350 and 400 million, something like that. And give the best pitch to the viewer right now why they need to listen to this episode. Right now is the number one time in all history where you can get free RV parks, free car washes, free houses. Sellers are in distress. They can't get rid of their properties because the market won't gobble them up. And talking about creative finance and buying creative finance allows you to buy them.

**Graham Stephan** (2:57)
How is it free?

**Pace Morby** (2:59)
It's free because right now I've got an agent right to our right that has a seller that can't get out of their house. Right. They're locked in for whatever reason, lost their job.
They can't make next month's mortgage. So I take the house mortgage over and then I turn around and hand it over to the particular house right here is Oxford House. I'm handing it over in a sublease to a government paid program called Oxford House. They pay the mortgage plus $2,000 a month. So I net $2,000 a month on a house I didn't have to qualify for.

**Graham Stephan** (3:26)
How much of your real estate was bought using Creative Financing?

**Pace Morby** (3:29)
100 percent.
So what you're arguing is basically you're able to better capitalize on this real estate asset than the current owner would. Correct. So why would they not just go around and do the exact same thing that you're doing? I asked the seller that a couple of days ago. I wish I could bring the agent up here, but the agent was right there with me in the living room. And I said, you know, you could just do exactly what I'm doing. Call Oxford House. They'll take the house. They'll lease it from you. They'll pay you $2,000 a month more. Why would the seller not want to do that? Because they're not landlords. They don't want to deal with that stuff. They have stress and all this cortisol pumping through their veins. All they want to do is get rid of the payment and not have to think about the house anymore. So they pass it on to me because I'm willing to do that. So all of this hinges on the idea of what we call Creative Financing. That's a non-conventional way of borrowing money in order to buy an asset like a house, a boat, a car, RV park, whatever it is. How much of your $500 million of assets has been creatively financed? 100 percent.