Pace Morby Gator Method Course Review
Jonathan AbradoPro Member
Member since 2021 · 18 posts · 28 votesPace Morby Gator Method Course Review
Most Popular Reply
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 2020 · 6 posts · 5 votes3yCalling @ Nat Love:)
Quote from @Nat Love:
Is definitely worth it so far IMO. I’ve been a gator for about 2 months now and Pace’s community is amazing. There are definitely ways around the various costs, but you can also learn those thru the community members. If you are new to REI and want to be immersed in it, try it, won’t work for everyone, but worked for me.Quote from @Allison Wong:
Quote from @Charles Beltran:
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.
05/27/2023 - :) Yeah, it's a recording. The same exact thing was stated in the training that took place just a few minutes ago. There were a few hundred on, and he said that he saw the "thousands" of people on. That confirmed. :)
Yeah, definitely a recording. I picked up the same things too. I've just watched the "gator method" today. I feel like it's overpriced, but if you do get that value out of the course then it will be worth it.
Your BP colleagues are waiting to hear the specifics as to why you say the course is working for you. A positive word from you could turn things around here where people are beginning to feel the course is a scam. My two cents is that the non-live broadcast is a commonly used marketing tool If it was "live" when it was first broadcast, then it is not a "scam" in my opinion but a rebroadcast that does not disclose that fact (not as professional as it could be). As for the concerns that this method is just a loawn of earnest money to folks that may not pay you back if they don't close, I would agree unless Pace Morby's tean does some type of credit vetting of the people who borrow and in turn will report to credit bureaus unpaid Gator money. In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought. If Pace's team is vetting the credit of the Gator borrowers, vetting the actual deals of the Gator borrowers, and facilitating reporting of deadbeat Gator borrowers, then I see some real value. Unfortunately, all of this is from my imagination as I have not enquired. I hope @ Nat Love will let us all know:) Holla at us! - So, like everything in life, the work you put in is what makes you successful here. Pace has built communities that work off one another to achieve success. It’s pretty brilliant if you ask me. I don’t feel the need to explain myself, or promote his program, but I will say that I have learned tremendously what would have been difficult for me in another community. 3k is nothing compared to other mastermind groups. There are other ways to be successful besides EMD as well. We learn to build relationships with people and companies. He gives us the contracts and training to protect ourselves. He walks us through every step of the way. And others around you are learning, so we can build off of them too. I think a lot of people in here are looking for an excuse to not take action, and that is on you. My advice, do something. It will be better than nothing and complaining about how this or that program let you down. Take action, and, your network is your net worth.
Quote from @Steven Grant:
Calling @ Nat Love:)Quote from @Nat Love:
Is definitely worth it so far IMO. I’ve been a gator for about 2 months now and Pace’s community is amazing. There are definitely ways around the various costs, but you can also learn those thru the community members. If you are new to REI and want to be immersed in it, try it, won’t work for everyone, but worked for me.Quote from @Allison Wong:
Quote from @Charles Beltran:
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.
05/27/2023 - :) Yeah, it's a recording. The same exact thing was stated in the training that took place just a few minutes ago. There were a few hundred on, and he said that he saw the "thousands" of people on. That confirmed. :)
Yeah, definitely a recording. I picked up the same things too. I've just watched the "gator method" today. I feel like it's overpriced, but if you do get that value out of the course then it will be worth it.
Your BP colleagues are waiting to hear the specifics as to why you say the course is working for you. A positive word from you could turn things around here where people are beginning to feel the course is a scam. My two cents is that the non-live broadcast is a commonly used marketing tool If it was "live" when it was first broadcast, then it is not a "scam" in my opinion but a rebroadcast that does not disclose that fact (not as professional as it could be). As for the concerns that this method is just a loawn of earnest money to folks that may not pay you back if they don't close, I would agree unless Pace Morby's tean does some type of credit vetting of the people who borrow and in turn will report to credit bureaus unpaid Gator money. In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought. If Pace's team is vetting the credit of the Gator borrowers, vetting the actual deals of the Gator borrowers, and facilitating reporting of deadbeat Gator borrowers, then I see some real value. Unfortunately, all of this is from my imagination as I have not enquired. I hope @ Nat Love will let us all know:) Holla at us! - 3yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Steven Grant:
Calling @ Nat Love:)Quote from @Nat Love:
Is definitely worth it so far IMO. I’ve been a gator for about 2 months now and Pace’s community is amazing. There are definitely ways around the various costs, but you can also learn those thru the community members. If you are new to REI and want to be immersed in it, try it, won’t work for everyone, but worked for me.Quote from @Allison Wong:
Quote from @Charles Beltran:
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.
05/27/2023 - :) Yeah, it's a recording. The same exact thing was stated in the training that took place just a few minutes ago. There were a few hundred on, and he said that he saw the "thousands" of people on. That confirmed. :)
Yeah, definitely a recording. I picked up the same things too. I've just watched the "gator method" today. I feel like it's overpriced, but if you do get that value out of the course then it will be worth it.
Your BP colleagues are waiting to hear the specifics as to why you say the course is working for you. A positive word from you could turn things around here where people are beginning to feel the course is a scam. My two cents is that the non-live broadcast is a commonly used marketing tool If it was "live" when it was first broadcast, then it is not a "scam" in my opinion but a rebroadcast that does not disclose that fact (not as professional as it could be). As for the concerns that this method is just a loawn of earnest money to folks that may not pay you back if they don't close, I would agree unless Pace Morby's tean does some type of credit vetting of the people who borrow and in turn will report to credit bureaus unpaid Gator money. In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought. If Pace's team is vetting the credit of the Gator borrowers, vetting the actual deals of the Gator borrowers, and facilitating reporting of deadbeat Gator borrowers, then I see some real value. Unfortunately, all of this is from my imagination as I have not enquired. I hope @ Nat Love will let us all know:) Holla at us!
I highly doubt Paces team does anything more than sell you his system.. no way they are vetting potential borrowers of small EM deposits :) many beginning wholesalers do wholesaling because they have no money or credit or credit is tarnished etc.. this is ultra high risk en devour to be loaning money like this to people you are meeting on line.. Just is .. not to mention the market is minuscule just try finding all these folks and talking them into using you.. I know wholesalers and EM is not a big issue for them its one of their smallest pain points.. Many mid west wholesalers tie up deals with no money or as little as 50 to 100 bucks.. I see it every day in my fundings I do in 8 markets. this is a nice thought and catchy name (GATOR) LOL.. " The man in the new suit is getting rich on your dreams " Stevie Winwood Taffic low spark of the high heel boys. - 3yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Nat Love:
So, like everything in life, the work you put in is what makes you successful here. Pace has built communities that work off one another to achieve success. It’s pretty brilliant if you ask me. I don’t feel the need to explain myself, or promote his program, but I will say that I have learned tremendously what would have been difficult for me in another community. 3k is nothing compared to other mastermind groups. There are other ways to be successful besides EMD as well. We learn to build relationships with people and companies. He gives us the contracts and training to protect ourselves. He walks us through every step of the way. And others around you are learning, so we can build off of them too. I think a lot of people in here are looking for an excuse to not take action, and that is on you. My advice, do something. It will be better than nothing and complaining about how this or that program let you down. Take action, and, your network is your net worth.Quote from @Steven Grant:
Calling @ Nat Love:)Quote from @Nat Love:
Is definitely worth it so far IMO. I’ve been a gator for about 2 months now and Pace’s community is amazing. There are definitely ways around the various costs, but you can also learn those thru the community members. If you are new to REI and want to be immersed in it, try it, won’t work for everyone, but worked for me.Quote from @Allison Wong:
Quote from @Charles Beltran:
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.
05/27/2023 - :) Yeah, it's a recording. The same exact thing was stated in the training that took place just a few minutes ago. There were a few hundred on, and he said that he saw the "thousands" of people on. That confirmed. :)
Yeah, definitely a recording. I picked up the same things too. I've just watched the "gator method" today. I feel like it's overpriced, but if you do get that value out of the course then it will be worth it.
Your BP colleagues are waiting to hear the specifics as to why you say the course is working for you. A positive word from you could turn things around here where people are beginning to feel the course is a scam. My two cents is that the non-live broadcast is a commonly used marketing tool If it was "live" when it was first broadcast, then it is not a "scam" in my opinion but a rebroadcast that does not disclose that fact (not as professional as it could be). As for the concerns that this method is just a loawn of earnest money to folks that may not pay you back if they don't close, I would agree unless Pace Morby's tean does some type of credit vetting of the people who borrow and in turn will report to credit bureaus unpaid Gator money. In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought. If Pace's team is vetting the credit of the Gator borrowers, vetting the actual deals of the Gator borrowers, and facilitating reporting of deadbeat Gator borrowers, then I see some real value. Unfortunately, all of this is from my imagination as I have not enquired. I hope @ Nat Love will let us all know:) Holla at us!as long as you understand that this is just initiation for joining a club with various and sundry real estate information .. nothing wrong with it for the cost of 3k .. My advice is if you cant easily afford it and you have to put it on a CC.. rethink that.. networking is great but there are all sorts of meetups and REIA clubs that are basically free that have speakers come in and talk on all these subjects. And you have the biggest mastermind of all in BP.. all of the things your talking about are readily available to you with simple google searches etc.
PS BP has work shops that cost some money I have not been but I suspect those would be well worth the money.. And maybe Pace actually comes and teaches at those BP events..
Lastly the real estate agencies and FTC and state AG's are really starting in earnest to finally crack down on Wholesaling the latest article on We BUY ugly HOUSES brought it to light in a big way.. I think wholesaling the way it has been taught is going to shrink over time given new legislation and laws on the activity..
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Quote from @Steven Grant:
Calling @ Nat Love:)Quote from @Nat Love:
Is definitely worth it so far IMO. I’ve been a gator for about 2 months now and Pace’s community is amazing. There are definitely ways around the various costs, but you can also learn those thru the community members. If you are new to REI and want to be immersed in it, try it, won’t work for everyone, but worked for me.Quote from @Allison Wong:
Quote from @Charles Beltran:
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.
05/27/2023 - :) Yeah, it's a recording. The same exact thing was stated in the training that took place just a few minutes ago. There were a few hundred on, and he said that he saw the "thousands" of people on. That confirmed. :)
Yeah, definitely a recording. I picked up the same things too. I've just watched the "gator method" today. I feel like it's overpriced, but if you do get that value out of the course then it will be worth it.
Your BP colleagues are waiting to hear the specifics as to why you say the course is working for you. A positive word from you could turn things around here where people are beginning to feel the course is a scam. My two cents is that the non-live broadcast is a commonly used marketing tool If it was "live" when it was first broadcast, then it is not a "scam" in my opinion but a rebroadcast that does not disclose that fact (not as professional as it could be). As for the concerns that this method is just a loawn of earnest money to folks that may not pay you back if they don't close, I would agree unless Pace Morby's tean does some type of credit vetting of the people who borrow and in turn will report to credit bureaus unpaid Gator money. In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought. If Pace's team is vetting the credit of the Gator borrowers, vetting the actual deals of the Gator borrowers, and facilitating reporting of deadbeat Gator borrowers, then I see some real value. Unfortunately, all of this is from my imagination as I have not enquired. I hope @ Nat Love will let us all know:) Holla at us!Yep. That is the purpose of it not being live. Pre recorded makes it seem like it's professional when it's a joke. Pace has too many betas running things who are trying deperately to be alphas. I'm only surprised they're not yelling or belittling people who paid $3,000 to 11,000.00 to join.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Quote from @Jay Hinrichs:
Quote from @Steven Grant:
Calling @ Nat Love:)Quote from @Nat Love:
Is definitely worth it so far IMO. I’ve been a gator for about 2 months now and Pace’s community is amazing. There are definitely ways around the various costs, but you can also learn those thru the community members. If you are new to REI and want to be immersed in it, try it, won’t work for everyone, but worked for me.Quote from @Allison Wong:
Quote from @Charles Beltran:
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.
05/27/2023 - :) Yeah, it's a recording. The same exact thing was stated in the training that took place just a few minutes ago. There were a few hundred on, and he said that he saw the "thousands" of people on. That confirmed. :)
Yeah, definitely a recording. I picked up the same things too. I've just watched the "gator method" today. I feel like it's overpriced, but if you do get that value out of the course then it will be worth it.
Your BP colleagues are waiting to hear the specifics as to why you say the course is working for you. A positive word from you could turn things around here where people are beginning to feel the course is a scam. My two cents is that the non-live broadcast is a commonly used marketing tool If it was "live" when it was first broadcast, then it is not a "scam" in my opinion but a rebroadcast that does not disclose that fact (not as professional as it could be). As for the concerns that this method is just a loawn of earnest money to folks that may not pay you back if they don't close, I would agree unless Pace Morby's tean does some type of credit vetting of the people who borrow and in turn will report to credit bureaus unpaid Gator money. In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought. If Pace's team is vetting the credit of the Gator borrowers, vetting the actual deals of the Gator borrowers, and facilitating reporting of deadbeat Gator borrowers, then I see some real value. Unfortunately, all of this is from my imagination as I have not enquired. I hope @ Nat Love will let us all know:) Holla at us!
I highly doubt Paces team does anything more than sell you his system.. no way they are vetting potential borrowers of small EM deposits :) many beginning wholesalers do wholesaling because they have no money or credit or credit is tarnished etc.. this is ultra high risk en devour to be loaning money like this to people you are meeting on line.. Just is .. not to mention the market is minuscule just try finding all these folks and talking them into using you.. I know wholesalers and EM is not a big issue for them its one of their smallest pain points.. Many mid west wholesalers tie up deals with no money or as little as 50 to 100 bucks.. I see it every day in my fundings I do in 8 markets. this is a nice thought and catchy name (GATOR) LOL.. " The man in the new suit is getting rich on your dreams " Stevie Winwood Taffic low spark of the high heel boys.As always Jay you speak volumes and volumes of truth. They are also into bullying and belittling. Many of his "leadership" types need to go away.
- Walnut Creek, CA · Member since 2011 · 2 posts · 0 votes3y
Anyone want to sell me their contract from this course?
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Quote from @Jay Hinrichs:
Quote from @Steven Grant:
Calling @ Nat Love:)Quote from @Nat Love:
Is definitely worth it so far IMO. I’ve been a gator for about 2 months now and Pace’s community is amazing. There are definitely ways around the various costs, but you can also learn those thru the community members. If you are new to REI and want to be immersed in it, try it, won’t work for everyone, but worked for me.Quote from @Allison Wong:
Quote from @Charles Beltran:
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.
05/27/2023 - :) Yeah, it's a recording. The same exact thing was stated in the training that took place just a few minutes ago. There were a few hundred on, and he said that he saw the "thousands" of people on. That confirmed. :)
Yeah, definitely a recording. I picked up the same things too. I've just watched the "gator method" today. I feel like it's overpriced, but if you do get that value out of the course then it will be worth it.
Your BP colleagues are waiting to hear the specifics as to why you say the course is working for you. A positive word from you could turn things around here where people are beginning to feel the course is a scam. My two cents is that the non-live broadcast is a commonly used marketing tool If it was "live" when it was first broadcast, then it is not a "scam" in my opinion but a rebroadcast that does not disclose that fact (not as professional as it could be). As for the concerns that this method is just a loawn of earnest money to folks that may not pay you back if they don't close, I would agree unless Pace Morby's tean does some type of credit vetting of the people who borrow and in turn will report to credit bureaus unpaid Gator money. In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought. If Pace's team is vetting the credit of the Gator borrowers, vetting the actual deals of the Gator borrowers, and facilitating reporting of deadbeat Gator borrowers, then I see some real value. Unfortunately, all of this is from my imagination as I have not enquired. I hope @ Nat Love will let us all know:) Holla at us!
I highly doubt Paces team does anything more than sell you his system.. no way they are vetting potential borrowers of small EM deposits :) many beginning wholesalers do wholesaling because they have no money or credit or credit is tarnished etc.. this is ultra high risk en devour to be loaning money like this to people you are meeting on line.. Just is .. not to mention the market is minuscule just try finding all these folks and talking them into using you.. I know wholesalers and EM is not a big issue for them its one of their smallest pain points.. Many mid west wholesalers tie up deals with no money or as little as 50 to 100 bucks.. I see it every day in my fundings I do in 8 markets. this is a nice thought and catchy name (GATOR) LOL.. " The man in the new suit is getting rich on your dreams " Stevie Winwood Taffic low spark of the high heel boys.As always Jay you speak volumes and volumes of truth. They are also into bullying and belittling. Many of his "leadership" types need to go away.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Pace's people have pretty much told their affiliates and those with Gator related Facebook groups to pound sand and not use Gator or his name in them anymore.
He has also created something called Alpha Funding and says it will be up by years end.
So does he really not need affiliates and referral partners (or) is he just cleaning house (or) is there where he goes full ponzi scheme?
- Member since 2018 · 9 posts · 1 vote3y
I see it here for $79. He talked about doing Gator 2.0 where you just refer someone to their website/team/lender and you split the profits 50/50. So you don't need to use your own money. This makes a lot of sense to just do it on the side as a referral and not risk any of your own capital it sounds like.
- 3yBrandon BicePro MemberInvestor · 94551 · Member since 2023 · 1 post · 0 votes
Is the Gator course different than the SubTo mentorship?
- Member since 2023 · 2 posts · 3 votes3yYes. SubTo is a different strategy.
Quote from @Brandon Bice:
Is the Gator course different than the SubTo mentorship?
There's a BP thread on his SubTo mentorship.
https://www.biggerpockets.com/forums/311/topics/862708-sub-t...
Gator is about private lending wholesalers the earnest money. SubTo is taking over someone elses loan. Gator most of the risk is on the person providing the earnest money. In SubTo, the bigger risk is on the seller. There's far more experienced people on this thread than I providing their take on Gator and it sounds pretty iffy. Someone might get value out of it though. - Member since 2023 · 2 posts · 1 vote3y
@Jeanna Lichtenberg
I just watched the "live" last Saturday and I couldn't see the chat and he said the same (asking them to turn it on and said that he could see it) so we must've watched the same "live" recorded video lol - Member since 2023 · 2 posts · 1 vote3y
Quote from @Brandon Foster:
I see it here for $79. He talked about doing Gator 2.0 where you just refer someone to their website/team/lender and you split the profits 50/50. So you don't need to use your own money. This makes a lot of sense to just do it on the side as a referral and not risk any of your own capital it sounds like.
https://tscourses.com/courses/Thanks for sharing that link ;-)
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Quote from @Michael Baker:
Yes. SubTo is a different strategy.Quote from @Brandon Bice:
Is the Gator course different than the SubTo mentorship?
There's a BP thread on his SubTo mentorship.
https://www.biggerpockets.com/forums/311/topics/862708-sub-t...
Gator is about private lending wholesalers the earnest money. SubTo is taking over someone elses loan. Gator most of the risk is on the person providing the earnest money. In SubTo, the bigger risk is on the seller. There's far more experienced people on this thread than I providing their take on Gator and it sounds pretty iffy. Someone might get value out of it though.I have about 1/3 of the people in my group who had considered joining and paying or Gator who didn't. They actively try to recruit people in mine. So take that for what it's worth. Pace also rug pulled many of the people who helped him build his program. Cutoff their "vault" access.
- Member since 2023 · 2 posts · 3 votes3y
Quote from @Nate Marshall:
Quote from @Michael Baker:
Yes. SubTo is a different strategy.Quote from @Brandon Bice:
Is the Gator course different than the SubTo mentorship?
There's a BP thread on his SubTo mentorship.
https://www.biggerpockets.com/forums/311/topics/862708-sub-t...
Gator is about private lending wholesalers the earnest money. SubTo is taking over someone elses loan. Gator most of the risk is on the person providing the earnest money. In SubTo, the bigger risk is on the seller. There's far more experienced people on this thread than I providing their take on Gator and it sounds pretty iffy. Someone might get value out of it though.I have about 1/3 of the people in my group who had considered joining and paying or Gator who didn't. They actively try to recruit people in mine. So take that for what it's worth. Pace also rug pulled many of the people who helped him build his program. Cutoff their "vault" access.
Not surprising. I've done the "Gator" method many years ago not thinking it'd be shilled as a scalable business model. It's just common sense, but not really scalable as a business of its own IMO. 1.) Try to get into wholesaling while broke. 2.) Have other friends trying to do the same. 3.) "Hey man, Im broke can you spot me the earnest for a split?
It's just a biproduct of basic human interaction.
- Member since 2022 · 2 posts · 1 vote3y
Quote from @Anthony Stephens:
It sounds interesting but my concern is that this would be an unsecured loan to someone who may not be in a good financial position. I assume that if the wholesale deal falls through the earnest money is lost and the "Gator" lender would have to seek the money from the wholesaler who did not have the funding to begin with.
Am I misunderstanding?
From my understanding, Pace provides people with a contract that the wholesaler should use that would guarantee a return of the earnest money if the deal falls through. Depending on which state, some require the seller to sign off to release the money back to rightful depositor. Title company also signs a clause that waves them needing sellers permission to release earnest money back (depending on state). So apparently, earnest money should never be "lost". Also, according to Pace's YouTube videos on The Gator Method, providing earnest money for wholesalers is just one of the methods he trains on.
- Member since 2022 · 2 posts · 1 vote3yThe Gator method isn't just limited to providing funding to wholesalers for earnest money. The basic premise is creating an LLC, opening a line of credit, even if small. If you're just starting out, partnering with wholesalers is easier. You can negotiate a flat fee, or percentage of their profit of any deal. Keep expanding, receive a larger line of credit (never come out of your own pocket), and scale to funding bigger deals where you can get your money+, and also equity in properties. I think you would have to join the course to know the other ways this Gator method could be utilized as he doesn't reveal everything in his YouTube videos.
Quote from @Michael Baker:
Quote from @Nate Marshall:
Quote from @Michael Baker:
Yes. SubTo is a different strategy.Quote from @Brandon Bice:
Is the Gator course different than the SubTo mentorship?
There's a BP thread on his SubTo mentorship.
https://www.biggerpockets.com/forums/311/topics/862708-sub-t...
Gator is about private lending wholesalers the earnest money. SubTo is taking over someone elses loan. Gator most of the risk is on the person providing the earnest money. In SubTo, the bigger risk is on the seller. There's far more experienced people on this thread than I providing their take on Gator and it sounds pretty iffy. Someone might get value out of it though.I have about 1/3 of the people in my group who had considered joining and paying or Gator who didn't. They actively try to recruit people in mine. So take that for what it's worth. Pace also rug pulled many of the people who helped him build his program. Cutoff their "vault" access.
Not surprising. I've done the "Gator" method many years ago not thinking it'd be shilled as a scalable business model. It's just common sense, but not really scalable as a business of its own IMO. 1.) Try to get into wholesaling while broke. 2.) Have other friends trying to do the same. 3.) "Hey man, Im broke can you spot me the earnest for a split?
It's just a biproduct of basic human interaction.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Quote from @Michael Baker:
Quote from @Nate Marshall:
Quote from @Michael Baker:
Yes. SubTo is a different strategy.Quote from @Brandon Bice:
Is the Gator course different than the SubTo mentorship?
There's a BP thread on his SubTo mentorship.
https://www.biggerpockets.com/forums/311/topics/862708-sub-t...
Gator is about private lending wholesalers the earnest money. SubTo is taking over someone elses loan. Gator most of the risk is on the person providing the earnest money. In SubTo, the bigger risk is on the seller. There's far more experienced people on this thread than I providing their take on Gator and it sounds pretty iffy. Someone might get value out of it though.I have about 1/3 of the people in my group who had considered joining and paying or Gator who didn't. They actively try to recruit people in mine. So take that for what it's worth. Pace also rug pulled many of the people who helped him build his program. Cutoff their "vault" access.
Not surprising. I've done the "Gator" method many years ago not thinking it'd be shilled as a scalable business model. It's just common sense, but not really scalable as a business of its own IMO. 1.) Try to get into wholesaling while broke. 2.) Have other friends trying to do the same. 3.) "Hey man, Im broke can you spot me the earnest for a split?
It's just a biproduct of basic human interaction.
Somehow people are paying $8,000.00 or more for this. Just more grift!
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Quote from @NA Camacho:
The Gator method isn't just limited to providing funding to wholesalers for earnest money. The basic premise is creating an LLC, opening a line of credit, even if small. If you're just starting out, partnering with wholesalers is easier. You can negotiate a flat fee, or percentage of their profit of any deal. Keep expanding, receive a larger line of credit (never come out of your own pocket), and scale to funding bigger deals where you can get your money+, and also equity in properties. I think you would have to join the course to know the other ways this Gator method could be utilized as he doesn't reveal everything in his YouTube videos.Quote from @Michael Baker:
Quote from @Nate Marshall:
Quote from @Michael Baker:
Yes. SubTo is a different strategy.Quote from @Brandon Bice:
Is the Gator course different than the SubTo mentorship?
There's a BP thread on his SubTo mentorship.
https://www.biggerpockets.com/forums/311/topics/862708-sub-t...
Gator is about private lending wholesalers the earnest money. SubTo is taking over someone elses loan. Gator most of the risk is on the person providing the earnest money. In SubTo, the bigger risk is on the seller. There's far more experienced people on this thread than I providing their take on Gator and it sounds pretty iffy. Someone might get value out of it though.I have about 1/3 of the people in my group who had considered joining and paying or Gator who didn't. They actively try to recruit people in mine. So take that for what it's worth. Pace also rug pulled many of the people who helped him build his program. Cutoff their "vault" access.
Not surprising. I've done the "Gator" method many years ago not thinking it'd be shilled as a scalable business model. It's just common sense, but not really scalable as a business of its own IMO. 1.) Try to get into wholesaling while broke. 2.) Have other friends trying to do the same. 3.) "Hey man, Im broke can you spot me the earnest for a split?
It's just a biproduct of basic human interaction.
It doesn't take an experienced real estate investor to see through what he offers and teaches.
- Brooklyn, NY · Member since 2017 · 13 posts · 30 votes3y
Quote from @Nate Marshall:
Quote from @NA Camacho:
The Gator method isn't just limited to providing funding to wholesalers for earnest money. The basic premise is creating an LLC, opening a line of credit, even if small. If you're just starting out, partnering with wholesalers is easier. You can negotiate a flat fee, or percentage of their profit of any deal. Keep expanding, receive a larger line of credit (never come out of your own pocket), and scale to funding bigger deals where you can get your money+, and also equity in properties. I think you would have to join the course to know the other ways this Gator method could be utilized as he doesn't reveal everything in his YouTube videos.Quote from @Michael Baker:
Quote from @Nate Marshall:
Quote from @Michael Baker:
Yes. SubTo is a different strategy.Quote from @Brandon Bice:
Is the Gator course different than the SubTo mentorship?
There's a BP thread on his SubTo mentorship.
https://www.biggerpockets.com/forums/311/topics/862708-sub-t...
Gator is about private lending wholesalers the earnest money. SubTo is taking over someone elses loan. Gator most of the risk is on the person providing the earnest money. In SubTo, the bigger risk is on the seller. There's far more experienced people on this thread than I providing their take on Gator and it sounds pretty iffy. Someone might get value out of it though.I have about 1/3 of the people in my group who had considered joining and paying or Gator who didn't. They actively try to recruit people in mine. So take that for what it's worth. Pace also rug pulled many of the people who helped him build his program. Cutoff their "vault" access.
Not surprising. I've done the "Gator" method many years ago not thinking it'd be shilled as a scalable business model. It's just common sense, but not really scalable as a business of its own IMO. 1.) Try to get into wholesaling while broke. 2.) Have other friends trying to do the same. 3.) "Hey man, Im broke can you spot me the earnest for a split?
It's just a biproduct of basic human interaction.
It doesn't take an experienced real estate investor to see through what he offers and teaches.
I hesitate to conclude that it is grift as opposed to one type of business model that is usually lucrative to the mentor and sometimes successful for the "students" or "community". The Gator method is apparently one technique that may have some flaws that have been exposed here but may also be just the motivator for some people who would not otherwise even have taken a chance to get involved in real estate "investment." Its good to have this forum so people can have enough knowlede to determine whether this type of model is what they need to get motivated.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes3y
Another 16 post shill!
- Member since 2023 · 6 posts · 17 votes3y
On the "live" (it's not live) training right now. Since I signed up last night, I've already gotten multiple texts and emails from one of their team members telling me the webinar will reveal "secrets" they overheard Pace telling clients, "secrets" he'll let us in on but only if we stay until the very end, etc. Super scammy. Then the chat feature in the "live" webinar being disabled, while claiming to be live, saying there are over 2,000 participants when the webinar shows there are just over 500 people, is just gross. I don't care if he has the secret to find the holy grail, this is so unethical. Bailing.
ps - we're 30 minutes in to the 60-minute webinar and he hasn't told us a thing yet. - TX · Member since 2022 · 25 posts · 11 votes3y
Quote from @Anthony Stephens:
It sounds interesting but my concern is that this would be an unsecured loan to someone who may not be in a good financial position. I assume that if the wholesale deal falls through the earnest money is lost and the "Gator" lender would have to seek the money from the wholesaler who did not have the funding to begin with.
Am I misunderstanding?
Hi Anthony,
I'm not sure if someone already answer your question, but when you submit the earnest money to the escrow company (you don't give it to the wholesaler or seller directly), you also submit escrow instructions which state how the money is to be distributed.
In those instructions you specify that the EMD is to be returned to you regardless of whether the transaction goes through or is cancelled. FYI...some states require the seller to sign a release saying they agree to give the money back. This is referred to as a "mutual release state". If you are doing business in one of those states you will want to get that signed before submitting the money to the escrow company.
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