From Homelessness to Homeownership in 30 Days with Pace Morby
Lori HarderNovember 3, 202553 min202 views
45 connectionsΒ·40 entities in this videoβThe Story of Maddie: From Homelessness to Homeowner
- π Maddie, a 59-year-old woman experiencing homelessness for four and a half years, reached out to Pace Morby via email.
- π‘ Despite having only a broken phone and 30 minutes a day, Maddie secured her first real estate deal within eight days, earning a $5,000 fee.
- β οΈ After facing challenges depositing her check, Maddie returned to a shelter, highlighting the systemic issues faced by those trying to rebuild their lives.
- π Pace guided Maddie to purchase a $580,000 house using creative finance and co-living strategies, enabling her to net $2,000 per month after expenses.
Pace Morby's Creative Finance and Co-Living Strategies
- π Pace emphasizes identifying opportunities in real estate, teaching others to find deals without needing to buy, fix, or flip them.
- ποΈ Co-living is presented as a solution, transforming single-family homes into multi-room rentals to cover mortgage and living expenses.
- π° Strategies like buying "sub two" (taking over existing mortgage payments) are highlighted as ways to acquire property with no money out of pocket.
The Creative Nation Tour and Scaling Impact
- π Pace is embarking on a 122-city tour in a $600,000 tour bus, aiming to help families find housing in person.
- π€ The tour partners with Family Promise, a charity assisting working families experiencing homelessness, with the goal of housing 120 families.
- π₯ Pace mobilizes local leaders and community members in each city to form teams that compete to find housing solutions within a two-hour window.
Building Vertically Integrated Businesses and Empowering Teams
- π Pace has built nine vertically integrated businesses, including lending and title companies, to support his real estate ventures.
- π€ He empowers his top employees by giving them 20% ownership in new ventures, fostering an ownership mentality and incentivizing growth.
- π― Pace focuses on his role as a visionary, branding and leading the companies, while delegating operational tasks to his team.
The Power of Environment and Mindset Coaching
- π§ Pace stresses the importance of environment over willpower, drawing from his own experiences and his brother's struggles.
- π‘ He shares his journey of overcoming a scarcity mindset through a $500/hour coach, learning the value of investing in oneself.
- π£οΈ He emphasizes that masterminds and community provide crucial support and inspiration, helping individuals break free from limiting beliefs and expand their standards.
- π¨βπ©βπ§βπ¦ Pace's own family has embraced his vision, with his wife and children joining him on the tour, demonstrating the power of shared goals and supportive environments.
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40 entities
Chapters6 moments
Key Moments
Transcript199 segments
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Topics15 themes
Whatβs Discussed
Real Estate InvestingCreative FinanceCo-livingHomelessnessHomeownershipPace MorbyFamily PromiseCreative Nation TourVertical IntegrationBusiness OwnershipMindsetCoachingMastermindsEnvironmentCommunity
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