Book Review: “Wealth Without Cash: Supercharge Your Real Estate Investing With Subject-To, Seller Financing, and Other Creative Deals” by Pace Morby

How did I get this book?

I pre-ordered it from Barnes & Noble or BiggerPockets.com. I can’t remember which.

Last year, while I was on a break from ministry, my then 19 year old daughter told me she always wanted to fix up ugly houses and make them beautiful. That sent me on a learning journey of real estate, discovering that you could purchase houses “off-market” without a realtor and so forth. In all my learning, somehow I stumbled across a BiggerPockets.com podcast and heard Pace Morby tell stories. When his book was announced I read the first chapter for free and then ordered the book.

What is it about?

It’s about all the different ways Pace has purchased real estate over the years from his very first investment to now training and army of people that work for him in how to do it.

He tells stories. He gives illustrations. He breaks down the sequence of the transactions. He gives encouragement. He even shares some of the scripts that his team uses. He comes across as a person that is having a lot of fun helping people.

What did I think?

This is a guy that’s at the top of his game and career and it’s beautiful to experience. You can tell that he loves life, loves his family, genuinely cares about people and has worked very hard in life. It’s inspiring.

It’s also very informative. It’s helped me think outside the box for real estate transactions. I see it all differently now. I found his book very helpful.

He’s a great writer. Anyone interested in real estate, or in escaping whatever career path they are on would benefit from reading this. It’s accessible and anyone could take action on it.

Conclusion:

Great book! Well done!

For me, however, I’ve returned to ministry. My daughter and I did purchase an investment house in St. Pete. We are hoping to have the renovations finish in the next couple of weeks and put it on the market. We will be very fortunate if we break even. More than likely, we will take a loss having gained an invaluable experience. Because all my efforts are invested in ministry for a while, I don’t see doing any real estate investing for at least the next year.

But, I’m open to talk about it! And, I’m armed with some ideas to make a deal work.