$65 Million in Rentals and Not One Mortgage | Pat Grace
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.