The Visionary & Creative Approach to Real Estate with Pace Morby
Pace Morby is a real estate investor with 14 years of experience in different asset classes and a TV personality, currently hosting Triple Digit Flip. He is one of the most influential people in the real estate space today and he is with us on Flippin SoFlo today to share his journey and tell us about the lessons he learned along the way.
Listen now to learn more about the reality behind achieving success in real estate investing, the importance of delayed gratification, and how you can start building a better future for yourself today!
Key Talking Points of the Episode
00:00 Introduction
03:11 What is the importance of understanding the “Eat That Frog” concept?
06:25 Why is it important to network outside of real estate to succeed?
08:35 What is Pace’s background?
12:59 How did Pace learn about real estate investing?
15:08 What made Pace realize that he had to focus on real estate investing?
19:11 What are the common reasons for failed partnerships?
21:53 Why is it important to be as detailed as possible with your agreements?
25:00 What is the natural progression of being the visionary of your business?
28:10 How should business partnerships be structured in order to succeed?
30:24 What does it mean to be a successful visionary?
35:04 Why do you need to know when to end a business partnership?
40:55 What is the importance of investing in your personal development?
47:50 Why is it important to manage your time wisely?
53:04 How can providing value to others help you grow?
58:03 How can knowing your value help you make better decisions in life?
01:01:08 What keeps Pace going today?
01:11:17 What is Pace’s advice to young entrepreneurs today?
01:13:14 What are the 5 fears that may be holding you back?
01:17:50 Why is it important to choose the people you listen to?
Quotables
“I’m making money today from work I put in 10 years ago and more importantly, I’m making money today from failures I had 20 years ago, 15 years ago, 12 years ago.”
“There is gonna come a point where you become the owner, not the CEO. You’re gonna be the passive person that owns this business at some point – that’s the goal, that’s the hope.”
“Most people are addicted to comfort, I am addicted to growth because I know what comfort feels like and I know how it shows up.”
Links
Book: Eat That Frog!
https://www.amazon.com/Eat-That-Frog-Great-Procrastinating/dp/162656941X
Book: The 38 Letters from J.D. Rockefeller to his son
https://www.amazon.com/Letters-J-D-Rockefeller-his-son/dp/B09BY8189Q