Creative financing rental property is a great way to build wealth
Rental property investments are a great way to build wealth. One of the most significant advantages of real estate investment is the opportunity for long-term passive income. At the same time, your investment property value will appreciate.
There are many different ways to invest in real estate. Pace Morby teaches many creative financing options for someone looking to get into rental property real estate investment with little to no cash.
Pace Morby: Creative financing real estate investor
Pace Morby hosts A&E’s popular TV show Triple Digit Flip, where he explores creative real estate investments. His company, Subto, teaches investors how to purchase real estate using non-traditional financing.
Subject to financing involves purchasing property and taking over the existing mortgage. The seller transfers the title to the purchaser, but the mortgage stays in the seller’s name. The purchaser takes on the payments of the existing mortgage. This method is an excellent way to purchase a rental property since it does not involve a credit check and uses little cash. With higher interest rates, this property-buying method becomes even more valuable.
Pace Morby explores many other creative financing options for real estate. These include seller financing, novation agreements, real estate notes, wraparound mortgages, and gator lending. He has developed his creative financing named the Morby Method. Pace Morby explores over 27 creative real estate financing options throughout his teachings.
Leveling the real estate investment field and being a force for good
Pace Morby is a strong advocate for creative financing techniques. He believes these techniques can level the playing field for investors with little money. Morby has helped hundreds of investors use creative financing to buy and own properties, and he is passionate about helping others achieve financial freedom through real estate investing.
Like Pace Morby PadSplit is interested in helping investors find creative ways to earn more money on their rental properties. PadSplit is a rental property that allows investors to increase ROI while providing its members with affordable rooms. PadSplit believes that it is possible to do well and do good at the same time. PadSplit serves the workforce, and its innovative technology makes this possible and profitable.
Build a rental property portfolio and earn more
Real estate investors can quickly grow their wealth by using Pace Morby’s creative financing to purchase rental properties and PadSplit’s model of creating bedrooms in under-utilized spaces in single-family homes. By increasing the monthly passive income on each real estate property, PadSplit’s model makes it easy to grow a real estate investment using creative financings.
PadSplit is an excellent option for real estate investors looking for ways to maximize the profits on their properties. Learn more about becoming a host with PadSplit and continue growing your rental property portfolio.