Pace Morby is a prominent figure in the real estate investment community, renowned for his expertise in creative financing and property acquisition. As of 2024, his estimated net worth is approximately $35 million.
Early Life and Career
Before venturing into real estate, Morby co-founded Dixon Golf and served as its chairman from 2009 to 2011. He also managed Arcadia Energy, focusing on rehabilitating oil wells in Texas, and owned Arcadia Holdings, overseeing various gas and oil manufacturing companies.
Real Estate Ventures
Morby’s real estate journey began with the acquisition of a HomeVestors franchise, known for the “We Buy Ugly Houses” brand. From 2011 to 2019, he operated AZ Contracting, further solidifying his presence in the property market.
A significant portion of his wealth stems from his innovative approach to property acquisition. Utilizing creative financing methods, Morby has amassed ownership of over 2,181 rental units, including single-family homes, mobile home parks, RV parks, and large apartment complexes. Notably, he secured these properties without traditional credit checks, emphasizing his mastery of alternative financing strategies.
Educational Endeavors
Beyond his investment activities, Morby is dedicated to educating aspiring investors. He founded Subto, a mentorship program that delves into creative financing techniques. Participants praise the program for its comprehensive curriculum, covering topics like cold calling, agent outreach, subject-to deals, seller financing, business structuring, tax strategies, and more.
Publications and Media Presence
Morby has authored books that have achieved Wall Street Journal bestseller status, sharing his insights on real estate investment and creative financing. His active presence on platforms like YouTube and various podcasts further amplifies his influence, allowing him to reach a broader audience and solidify his reputation as a thought leader in the industry.
Conclusion
Pace Morby’s estimated net worth of $35 million reflects his innovative strategies, diverse investments, and commitment to education in the real estate sector. His journey from managing energy companies to becoming a leading figure in creative real estate financing serves as an inspiration to many in the industry.
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