How do I NOT use my own money in real estate deals? What does Pace do with his money? I have money to invest, what should I do with it? In today’s video, Pace Morby talks with Ty Russell about why, even if you have a lot of your own money, you SHOULDN’T always use your own money in real estate transactions. Pace explains that whether you should use your own money or not depends on multiple factors depending on the person and what they want to achieve by lending money. He emphasizes that you should save your money, and spend someone else's. Pace also gives Ty actionable items to make more passive income since his active income (W-2) requires a lot of his time. Do you want true passive income? Do you want to add properties to your portfolio? Pace answers these questions as they relate to funding deals with your own money versus other people’s money. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ► Join us at the SquadUp Summit Event 2024! https://paceapproves.com/summit ► See Where Pace Will Be! https://whereispace.com/ ► Pace Morby's REI Pocket Dictionary: https://pacejmorby.com/pocketdictionary ► How to Become a Private Money Lender: https://pacejmorby.com/lender ► Want to become a Gator (Private Money Lender)? Join us for the upcoming LIVE training: https://paceapproves.com/gatortrainingyt ► Join My Subto Mentorship: https://paceapproves.com/subtoyt ► Become a Top Tier Transaction Coordinator: https://go.toptiertc.com/cb ► Order My Book Wealth Without Cash: https://amzn.to/3EgWUBw ► Join Our Free Facebook Community: https://paceapproves.com/freefb-yt ► Find Your Avatar! Click the link for the playlist:    • Avatar Series   ► REPLAY OF 26 HOUR LIVE: https://www.youtube.com/watch?v=mAfefGYJ1j4 ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ⬇️ Get My Exact Wholesaling Contract For Only $1 (I Paid Thousands) ⬇️ https://pacejmorby.com/wholesalecontract 🔌 PLUG IN & SUBSCRIBE 🔌 ✌️ Follow Me On Instagram: https://www.instagram.com/pacemorby/ ✌️ Follow Me On TikTok: https://www.tiktok.com/@pacemorby Chapters: 0:00 - Intro 0:33 - I have money, what do I do with it? 2:19 - On the phone with Ty 2:33 - What does Ty want to do? 5:25 - 2 ways to make passive income 14:13 - Good example of networking 19:27 - Never use your own money 20:20 - Example of a scout 22:22 - Private money lender 25:00 - What do I do with the money I have? 27:17 - What Pace does with his money 33:37 - Ability to underwrite 36:33 - Who are the people you surround yourself with? 37:56 - I have money, what do I do with it? 41:28 - Outro ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️ 🚧🚧🚧 DISCLAIMER 🚧🚧🚧 ❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY ❎