Breaking Away: Pace Morby's Journey from Blue-Collar Roots to Real Estate Mastery
In This Episode:
In this episode of Breakaway Wealth, host Jim Oliver engages in a captivating conversation with real estate expert Pace Morby. The episode delves into Pace’s journey from a blue-collar background to building an impressive real estate portfolio of 2000 doors, valued in the hundreds of millions.
Pace shares pivotal moments, like his transition from a contractor to a real estate entrepreneur, crediting his success to the mentorship of Bethany.
3 Key Takeaways:
- Learning from Mentors: Pace emphasizes the importance of seeking mentorship to accelerate one’s learning curve. He shares experiences of learning framing from a skilled individual, later applying the same principle when venturing into real estate, guided by Bethany’s expertise.
- Collaboration Over Competition: They emphasize the importance of collaboration and sharing knowledge rather than hoarding information. The idea of the “helper’s high” suggests that the emotional rewards of assisting others can be just as fulfilling as financial gains.
- Subject To Strategy: Pace explains Subject To Strategy, a method of acquiring properties without using cash, credit, or credentials. It involves taking over payments on properties from motivated sellers, creating opportunities for profit without traditional financing methods.
Remember, the key to success in wealth generation, success, and investment often lies in a combination of strategic thinking, collaboration, and innovative approaches to financing. By adopting such strategies, listeners can gain valuable insights for their wealth-building journey.
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