Pace Morby Gator Method Course Review
Jonathan AbradoPro Member
Member since 2021 · 18 posts · 28 votesPace Morby Gator Method Course Review
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Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votesEverything is good, wonderful, well worth the money, an investment in your future, member of a tribe, the networking alone is worth the money, yada, yada, yada. Until the posting “booster” is asked how many deals he’s closed from all this mentoring. That’s when it becomes dead silence.
155 Replies
- Member since 2023 · 5 posts · 8 votes3yI meant if I were to try and do a couple simple deals(just EMD deals) to earn enough money to join the program, would I just need the wholesale contract and JV contract to start? I’ve watched all his youtube videos and bought his wholesale contract for $1 lol. I just want to gather enough funds to join and learn how to do all the other stuff.
Quote from @Violet Cobb:
Brandon, I am not sure I understand your question, but with the course Pace gives you the contracts, as well as much more content, live zooms usually multiple times per week, discord channel, private facebook group...ect.
- Member since 2022 · 17 posts · 61 votes3y
People do it, but some have also lost money, he does not recommend you do it until you have completed up to a certain point on the training and he gives you the contracts to use for gator. I used a credit card to sign up for gator. I know a lot of people will frown upon that but if you can use a credit card, especially with 0 interest, for your investment and then pay it back when you make profits, I don't see why not. I'd rather do that and get started then waste my time waiting to get started until I save up enough cash.
- Member since 2023 · 5 posts · 8 votes3y
Quote from @Violet Cobb:
People do it, but some have also lost money, he does not recommend you do it until you have completed up to a certain point on the training and he gives you the contracts to use for gator. I used a credit card to sign up for gator. I know a lot of people will frown upon that but if you can use a credit card, especially with 0 interest, for your investment and then pay it back when you make profits, I don't see why not. I'd rather do that and get started then waste my time waiting to get started until I save up enough cash.
Thank you so much for answering my questions. So just to reiterate, just those 2 contracts would be enough to do a simple deal? I was going to set up an appointment with PCS to get that line of credit.
- How long have you been doing this? How many deals have you made so far? Just trying to get a feel of what one can expect.
Quote from @Violet Cobb:
People do it, but some have also lost money, he does not recommend you do it until you have completed up to a certain point on the training and he gives you the contracts to use for gator. I used a credit card to sign up for gator. I know a lot of people will frown upon that but if you can use a credit card, especially with 0 interest, for your investment and then pay it back when you make profits, I don't see why not. I'd rather do that and get started then waste my time waiting to get started until I save up enough cash.
- Member since 2022 · 17 posts · 61 votes3y
Hey Gil, I replied to you it's like 3 posts up I think, I have not started doing deals yet I'm waiting on my corporate credit.
- Member since 2022 · 17 posts · 61 votes3y
Just to add to this, in 1 year (if I remember) I'll post an update and include exactly how much money I've made from gator and other things learned from Pace.
- 3yAdam SoyakPro MemberProperty Manager · Mokena, IL · Member since 2016 · 70 posts · 15 votes
Quote from @Violet Cobb:
Hey Gil, I replied to you it's like 3 posts up I think, I have not started doing deals yet I'm waiting on my corporate credit.
Hey Violet, to obtain additional corporate credit, are you working with a specific company or are you reaching out the typical credit card vendors? Does your company have to have 2 years + of history. Thank you in advance!
- Member since 2022 · 17 posts · 61 votes3y
I am going through PCS (Prime Corporate Services) they are amazing! When I signed up with Gator, the first step is signing up with PCS to get LLC and things set up and I got a HUGE discount to use their services (another benefit of gator). After I got an LLC set up, I was set up with a credit coach and he is helping me get my corporate credit set up. And no, it does not take 2 years, he said it takes an average of 4 months.
- Member since 2022 · 17 posts · 61 votes3y
Duns and bradstreet is the company that they set me up with to build the corporate credit with a DUNS number
- Member since 2023 · 1 post · 20 votes3y
Did anyone sit through the free online "live" webinar? I did this morning. I doubt it was actually live. It was mentioned several times that no one could see the chat, but Pace assured us that he could see all our comments, and he would occasionally comment on the alleged comments. He even asked his assistant if he could get the chat turned on. (Of course, it never worked.) Any comment you made went "To admin only." But a message from "Team Pace" would come through that said "Pace's team can see your chats, it's due to a tech error but all is working and good!" I made a comment about the earnest money that contradicted what he had said about it. Then when I made another comment that it was convenient for them that no one could see any comments made, my access was immediately terminated. I went back to the webinar through a different device and saw that they had also added a link to access his Gator Method for $2,997. Of course, it's for a limited time only, then they are going to "shut off the Gator Method" for about a year. It all seemed rather sketchy to me.
- Member since 2023 · 5 posts · 8 votes3yIt was definitely pre-recorded. I went through the same webinar. It had very limited information and he talked a lot more about his story rather than the gator method. If you watch the free gator method videos on youtube, there is a lot more information on them. He did actually close access to it early on, but then opened it back up. Ive seen other youtubers talk about it who are in the program, but they were hard to find. The program is legit, I believe they sign some sort of NDA to not give out contracts and stuff.
Quote from @Jeanna Lichtenberg:
Did anyone sit through the free online "live" webinar? I did this morning. I doubt it was actually live. It was mentioned several times that no one could see the chat, but Pace assured us that he could see all our comments, and he would occasionally comment on the alleged comments. He even asked his assistant if he could get the chat turned on. (Of course, it never worked.) Any comment you made went "To admin only." But a message from "Team Pace" would come through that said "Pace's team can see your chats, it's due to a tech error but all is working and good!" I made a comment about the earnest money that contradicted what he had said about it. Then when I made another comment that it was convenient for them that no one could see any comments made, my access was immediately terminated. I went back to the webinar through a different device and saw that they had also added a link to access his Gator Method for $2,997. Of course, it's for a limited time only, then they are going to "shut off the Gator Method" for about a year. It all seemed rather sketchy to me.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Quote from @Ryan Bartlett:
Is there any guidance on seeking out wholesalers in the training? I was thinking about joining but pretty much no no one as I am new to wholesaling 😀Quote from @Reid Ferguson:
@Jonathan Abrado
the course content is pretty thorough and there are lots of side videos that have started up to support info in the main videos. The community is great as well!
I find the toughest part to be finding your own deals. If you’re heavily involved in the wholesaling world, this may be easy. If not, it’s likely going to be difficult. Hope that helps! Reach out if you’d like to discuss further.
Not really. You're still on your own. I would recommend getting into AI and using propwire's free version to start before upgrading to Privy or Propstream. A lot of opportunity there to work circles around wholesalers et al..
- 3yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Jonathan Abrado:
Hi BP community,
I recently saw a Pace Morby ad for something he calls the gator method. I wanted to see if anyone here has joined his mentorship program or for this specific course, and receive some honest feedback. Google is weird sometimes.
Appreciate y'all!
-Jon
Ok I will bite.. I have been in the HML PML space for over 3 decades and since 2012 closed over 2000 transactions for myself and our investors.. I see the HUDs and wholesalers are on a lot of our deals I fund.. to me in areas that are big wholesaling markets lots of activity how are you going to break into this and offer your 1k deposit to a wholesaler.. for a fee and how much can you make.. I mean to me this is nothing money. Now I have done this for syndicators and I think that is a niche thats out their as their EM are 100 to 500k and you can charge accordingly .. but in the regular resi space were deposit RARELY go above 5k how does this all work.. and how are you going to talk wholesalers who you dont know into using you.. On top of that wholesalers by and large are very inexperienced and or pretty slick.. this is a perfect set up to lose money as well. There is transactional funding that can work and we do that as well doing one on Monday but again its much larger dollars and you get your fee in 24 to 48 hours with little to no risk. so just sayin I dont get how this can be a business model other than for the person charging for the training . ??? - Investor · Atlanta, GA · Member since 2016 · 627 posts · 374 votes3y
I concur @Jay Hinrichs! I've been trying not to reply to so many posts about this, but also need to watch out for rookies to save them from losses.
The other thing I don't like is that so many folks interested in this usually have very little extra capital and could lose some or all of their "extra" capital on a bad wholesale deal if they made one mistake. Super risky for an unexperienced person then nearly a waste of time for an experienced lender.
MOST wholesalers (my assumption) won't care about someone else's $ especially if there was no relationship before with one of these EMD lenders. They will be more focused on finding a buyer for a deal vs what date the DD ends and EMD is owed to the seller and most likely not be cancelling the contract or extending the DD to protect the lenders EMD funds. But that is another issue I have, finding a buyer AFTER you go binding vs having a buyer lined up first...but that's for another post.
Let's also face it, if someone doesn't have 500-5,000 in the bank as a wholesaler for EMD on their deals for their own business, another red flag. I get the purpose, I understand how it can help some newer folks earn extra side money, BUT I feel like there should be way more discussion on how to protect the lender, how much time it will take, what all is involved, nuances, hurdles etc and discuss those more. Unfortunately, this is generally catered more towards folks that don't know, don't care or too focused on a few bucks.
Many I have seen have more of a Reward over Risk thought process, get $ quick mindset basically but don't realize the risk, time constantly following up and sleepless nights wondering and waiting all for a small fee.
They could work with an existing lender, do some marketing to help broker, get a cut and make FARRRR more $ with zero risk vs this EMD lending. Probably less time spent too and more educated borrowers over a wholesaler. - 3yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Jesse LeBlanc:
I concur @Jay Hinrichs! I've been trying not to reply to so many posts about this, but also need to watch out for rookies to save them from losses.
The other thing I don't like is that so many folks interested in this usually have very little extra capital and could lose some or all of their "extra" capital on a bad wholesale deal if they made one mistake. Super risky for an unexperienced person then nearly a waste of time for an experienced lender.
MOST wholesalers (my assumption) won't care about someone else's $ especially if there was no relationship before with one of these EMD lenders. They will be more focused on finding a buyer for a deal vs what date the DD ends and EMD is owed to the seller and most likely not be cancelling the contract or extending the DD to protect the lenders EMD funds. But that is another issue I have, finding a buyer AFTER you go binding vs having a buyer lined up first...but that's for another post.
Let's also face it, if someone doesn't have 500-5,000 in the bank as a wholesaler for EMD on their deals for their own business, another red flag. I get the purpose, I understand how it can help some newer folks earn extra side money, BUT I feel like there should be way more discussion on how to protect the lender, how much time it will take, what all is involved, nuances, hurdles etc and discuss those more. Unfortunately, this is generally catered more towards folks that don't know, don't care or too focused on a few bucks.
Many I have seen have more of a Reward over Risk thought process, get $ quick mindset basically but don't realize the risk, time constantly following up and sleepless nights wondering and waiting all for a small fee.
They could work with an existing lender, do some marketing to help broker, get a cut and make FARRRR more $ with zero risk vs this EMD lending. Probably less time spent too and more educated borrowers over a wholesaler.YUP .. they think 3k on a how to class is cheap and it is.. and all of a sudden they are going to make huge return based on % but its still small dollars.. and how are they going to convince a wholesaler to even use them. if someone needs to borrow a few grand that's a pretty shaky situation.. this is all about the person selling this so called method making a ton of money on rookies.. no advanced investor would consider this a business model.. Like I said I do this but for much bigger deals and for my existing clients that are then using me to fund their deals.. and I have total control of the transaction.. these folks are going to learn the hard way.
what happens when the deal does not close and the seller wont sign the release ???? for any number of reasons these students could lose the EM and or it could be stuck and they need to litigate to get it back .. who is going to hire and attorney to litigate over a 1k EM.. So much wrong with this.. but hey got to hand to the guys coming up with all these new little tricks to sell to folks.. just like in the gold rush it was the hardware stores that made a killing not the miners.
- Investor · Atlanta, GA · Member since 2016 · 627 posts · 374 votes3y
Friggen nailed it! And I love the reminder about the miners, forgot about that, SO TRUE! Gotta respect the wise as long as they aren't cheating, lying, stealing or have malice intention.
- 3yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Jesse LeBlanc:
Friggen nailed it! And I love the reminder about the miners, forgot about that, SO TRUE! Gotta respect the wise as long as they aren't cheating, lying, stealing or have malice intention.
Agreed is it legal YES can it work YES is it much tougher than the blue sky pitch YES just like anything around wholesaling its a tough gig it just is.
I could see this working for the students if they already had folks that contacted them for this service lined up and they know them and trust them.
But lets be real here so many in wholesaling are total real estate beginners ( which is OK) and now you have a rookie beginner lender .. so you can see how that could not end well or there just is not enough of a market or potential clients to make it even remotely worth pursuing. If I thought for one minute there was a big market for EM deposits and a reliable bevy of potential clients I would be all over funding 7 figures .. but even with all my experience in lending I jsut dont see it personally and maybe I am blind to it but I close a lot of deals for wholesalers 10 to 20 each and every month for years.. Never had a pure wholesaler approach me for this service .. Not a one and they know who I am and what we are capable of. - Real Estate Broker · Indianapolis, IN · Member since 2015 · 13 posts · 8 votes3y
@Jay Hinrichs Incidentally I heard about this from an ad on Facebook so came here for explanations and comments as the ad was clearly intentionally ambiguous and designed to put you into a marketing funnel.
Incidentally, it's perfectly acceptable to write into an agreement that earnest money shall be due 3-5 banking days after acceptance which is enough time to use your end buyers non-refundable deposit (except for free/clear title).
A truly "motivated" seller tends to not really care the amount of earnest money and you could also structure your EM due at end of your inspection period.
- 3yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Ryan Hakes:
@Jay Hinrichs Incidentally I heard about this from an ad on Facebook so came here for explanations and comments as the ad was clearly intentionally ambiguous and designed to put you into a marketing funnel.
Incidentally, it's perfectly acceptable to write into an agreement that earnest money shall be due 3-5 banking days after acceptance which is enough time to use your end buyers non-refundable deposit (except for free/clear title).
A truly "motivated" seller tends to not really care the amount of earnest money and you could also structure your EM due at end of your inspection period.
Years ago in Oregon and Washington.. we did not need money all you had to do is give an EM NOTE .. Used those extensively and on big projects multi millions. then you had a redemption date usually 30 to 60 days. - Member since 2020 · 1 post · 4 votes3y
Quote from @Violet Cobb:
I joined the gator tribe last week, I'm very impressed by Pace and the course. He makes sure you have every resource possible. You have a community of people to support you and help you every step of the way. I give the course 5 stars! P.s. Gator method is about partnering (usually with wholesalers) and bringing the Ernest money. (Pace has YouTube videos about it)
Hi Violet, I see you joined GM a couple of months ago. Any luck so far? Have you participated in any deals? How do you connect to deals if you are not already in the wholesale community?
- Member since 2019 · 9 posts · 13 votes3y
Quote from @Ryan Bartlett:
Is there any guidance on seeking out wholesalers in the training? I was thinking about joining but pretty much no no one as I am new to wholesaling 😀Quote from @Reid Ferguson:
@Jonathan Abrado
the course content is pretty thorough and there are lots of side videos that have started up to support info in the main videos. The community is great as well!
I find the toughest part to be finding your own deals. If you’re heavily involved in the wholesaling world, this may be easy. If not, it’s likely going to be difficult. Hope that helps! Reach out if you’d like to discuss further.
I work with my Title Co and I have EMD letter leaving a certain amount in escrow and I get all the EMD letters i need
Quote from @Violet Cobb:
I joined the gator tribe last week, I'm very impressed by Pace and the course. He makes sure you have every resource possible. You have a community of people to support you and help you every step of the way. I give the course 5 stars! P.s. Gator method is about partnering (usually with wholesalers) and bringing the Ernest money. (Pace has YouTube videos about it)
Hi @Violet Cobb how’s the gator lending course with Pace Morby going? Have you done a lot of deals lending?
- Investor · Knoxville TN · Member since 2023 · 8 posts · 6 votes3y
Quote from @Nate Marshall:
It is overpriced. There is much better out there. Just saying!
@Nate Marshall can you provide references to other sorts of cheaper education on this subject?
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Quote from @Gregory Crane:
Quote from @Nate Marshall:
It is overpriced. There is much better out there. Just saying!
https://www.youtube.com/@priva...
@Nate Marshall can you provide references to other sorts of cheaper education on this subject?
- Investor · Naples, FL · Member since 2020 · 26 posts · 31 votes3y
Quote from @Jeanna Lichtenberg:
Did anyone sit through the free online "live" webinar? I did this morning. I doubt it was actually live. It was mentioned several times that no one could see the chat, but Pace assured us that he could see all our comments, and he would occasionally comment on the alleged comments. He even asked his assistant if he could get the chat turned on. (Of course, it never worked.) Any comment you made went "To admin only." But a message from "Team Pace" would come through that said "Pace's team can see your chats, it's due to a tech error but all is working and good!" I made a comment about the earnest money that contradicted what he had said about it. Then when I made another comment that it was convenient for them that no one could see any comments made, my access was immediately terminated. I went back to the webinar through a different device and saw that they had also added a link to access his Gator Method for $2,997. Of course, it's for a limited time only, then they are going to "shut off the Gator Method" for about a year. It all seemed rather sketchy to me.
Thank you for posting this! I'm listening to the "live" training right now and the chat issues are identical, so this is obviously pre-recorded. Here's the thing: I would still have attended the webinar if I knew it was pre-recorded, but the fact that they lied about it means I will never do business with the Pace Morby team. Lying to me is no way to start a business relationship!
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