Get Creative with Pace Morby
Get Creative with Pace Morby
Pace Morby
From Fix and Flip to Multi-Deal Success with Ashley Abbott
18 minutes Posted Feb 22, 2024 at 9:21 pm.
Introduction: From Fix and Flip to Multi-Deal Success
Discovering a Diamond in the Rough: The Triplex Opportunity
Negotiating a Deal: From $300,000 to $215,000
Transforming Units: Maximizing Rental Potential
Strategic Appraisal: Leveraging Equity and Profit
Inspirational Podcast Discovery: The Power of Sub2
Rapid Growth: From 8 to 33 Doors in 16 Months
Expanding Portfolio: Leveraging Proceeds into New Deals
Structuring Creative Financing: Balloon Payments and Interest Rates
Smart Investments: Generating High Returns with Low Cash Deployment
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18:13
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Show notes
In this episode of the Get Creative podcast, Ashley Abbott shares his journey from a fix and flip to leveraging the proceeds into multiple other deals using creative finance strategies. From negotiating deals to structuring seller financing, Ashley's story is a testament to the power of strategic thinking in real estate investment.
Highlights:
"I could not comprehend that you can go get a property with a three or 4% interest rate, just take over the note payments and not put any money, little or no money down."
"Now I have 33 doors, and 19 of those came from sub-two deals, just sitting back."
"So, especially doing the burrs, I've actually been doing less burrs. When the interest rates on DSCRs have gone up to around 8, 8.5% even at times, I decided that there's just not much cash flow. I shouldn't be leaving my money in these deals."
Timestamps:
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