From Fix and Flip to Multi-Deal Success with Ashley Abbott

Get Creative with Pace Morby - A podcast by Pace Morby

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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: 00:00 - Introduction: From Fix and Flip to Multi-Deal Success00:28 - Discovering a Diamond in the Rough: The Triplex Opportunity01:23 - Negotiating a Deal: From $300,000 to $215,00002:20 - Transforming Units: Maximizing Rental Potential03:16 - Strategic Appraisal: Leveraging Equity and Profit04:13 - Inspirational Podcast Discovery: The Power of Sub205:38 - Rapid Growth: From 8 to 33 Doors in 16 Months07:06 - Expanding Portfolio: Leveraging Proceeds into New Deals08:05 - Structuring Creative Financing: Balloon Payments and Interest Rates10:29 - Smart Investments: Generating High Returns with Low Cash Deployment Join our SubTo Community:http://joinpacescommunity.com/ Join Our Free Facebook Group to Connect with Ashley:https://paceapproves.com/fbg-pod

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