Show Notes
Most real estate investors are building a portfolio the same way buy, rehab, refinance, and watch their equity get trapped behind the walls of a mortgage while they pay heavy front-loaded interest for years.
Pat Grace built $65 million in rental properties across 200 single family assets doing it completely differently and he does not have a single traditional mortgage. In this episode of The M.O.R.E. Show, Justin Colby sits down with Pat Grace, who discovered a banking strategy used widely in Australia that is almost completely unknown in the United States, and used it to build one of the most liquid and flexible real estate portfolios you will find anywhere. Pat breaks down his BERLOCQ method a line of credit-based approach to real estate financing using simple interest instead of compounding amortized debt and why once you see it, you cannot unsee it.
KEY TOPICS COVERED
Why traditional mortgages trap your equity and cost you far more than most investors realize
The BERLOCQ method explained using lines of credit instead of mortgages to build a rental portfolio
How Pat built $65 million in real estate with $35 million in available line of credit and zero traditional debt
Why simple interest lines of credit beat compounding amortized mortgages every single time
How one investor saved over $1 million in interest just by switching to this strategy
How to get started with lines of credit from your first $750K line to scaling across all 50 states
️ TIMESTAMPS
00:00 — $65 million in rentals with zero mortgages the cold open
00:30 — Introducing Pat Grace
00:52 — What M.O.R.E. stands for and why this episode matters
01:43 — How Pat learned this strategy in Australia
02:07 — Why he left traditional mortgages behind
03:10 — How he started just like everyone else
04:30 — The problem with the BRRRR method most people miss
06:00 — Explained lines of credit vs amortized mortgage debt
12:00 — $35 million in available line of credit how Pat structures it
18:00 — How to approach a bank and what to ask for
25:00 — Unlocking trapped equity without a traditional refinance
32:00 — Using lines of credit for new construction and beach houses
38:00 — Protecting assets trusts, entities, and structure
43:00 — Pat's calculator save over $1 million in interest
44:00 — How to get started in all 50 states
46:00 — How to reach Pat Grace and get his free calculator
Connect with Pat Grace
Facebook: Pat Grace (search and friend request mention Justin Colby or The M.O.R.E. Show)
Free calculator, workbooks, and resources available DM Pat on Facebook to access
About The M.O.R.E. Show
The M.O.R.E. Show is hosted by Justin Colby and is dedicated to helping real estate professionals, investors, and entrepreneurs maximize opportunity in any market. New episodes every week.
Learn more: www.timeformore.com
Invest with Elevest Capital: www.elevestcapital.com
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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