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
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Nate Marshall:
Quote from @Robert Short:
This is my concern as well. I attended the presentation but it ended without explaining that. I'm sure Pace is smarter than me when it comes to real estate, but I don't have $5000 worth of trust in his ethics. That's a massive barrier to entry when you're just getting started. That's a high price tag for someone who claims that he will also help you find your first few deals. That just doesn't add up for me.
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?
Their concern is more than valid. Plus gators ae bragging about getting 200% plus returns.
200% on a 5k loan is still small dollars.. we all hit those occasionally I just hit one that was 645% but it was not gator lending its was big boy buy hold and sell .. just happened to go from original investment to sale in 18 days.. so thats how you Juice your returns short term . but if its a 5k em or a 2k em who cares its still small dollars and unless you have 10 to 20 of those going at all times your still just putzing around.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes2y
Pace's Dad probably taught him well. Let;s not even talk about Doug Morby the grandfather.
Employees with tank company want their money | KSL.com - Property Manager · Myrtle Beach, SC · Member since 2014 · 135 posts · 13 votes2y
Quote from @Jay Hinrichs:
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.
i agree... sent you a dm
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes2y
Quote from @Tony Gatto:
Quote from @Jay Hinrichs:
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.
i agree... sent you a dm
Yep. It also attracts "influencers" who are likely shilling crypto and only fans as well as gator lending!
- Member since 2023 · 2 posts · 1 vote2y
I haven't seen any updates in this thread on what Pace's methods have made you. Please enlighten us!
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes2y
Quote from @Mike Brown:
I haven't seen any updates in this thread on what Pace's methods have made you. Please enlighten us!
Shills and Influencers don't have updates because they are not actually doing anything but promoting. Trying to get their guru car.
- Member since 2022 · 17 posts · 61 votes2y
Hey Michael S Brown, and everyone else who has mentioned me in a comment on here. I have been avoiding this forum for so long because well, I am ashamed of myself a little lol. I was soooo obsessed with the gator method and basically for me it was the shiny object syndrome I guess, I went from so obsessed to just completely lost interest in it. I never took action and started doing deals. So yeah, sorry to anyone I disappointed. I will still stand for the review I gave it in my original post, I think Pace and his team and the community is amazing. Just not for me.
Quote from @Violet Cobb:
Hey Michael S Brown, and everyone else who has mentioned me in a comment on here. I have been avoiding this forum for so long because well, I am ashamed of myself a little lol. I was soooo obsessed with the gator method and basically for me it was the shiny object syndrome I guess, I went from so obsessed to just completely lost interest in it. I never took action and started doing deals. So yeah, sorry to anyone I disappointed. I will still stand for the review I gave it in my original post, I think Pace and his team and the community is amazing. Just not for me.
Do you mind sharing how much you spent on everything? If you can give a breakdown of the costs and what you actually got for the money, that would be really helpful for everyone looking into it. Especially curious about how much PCS charges to set up an LLC? Thanks and don't be ashamed, it seems like students are set up for failure.
- Member since 2023 · 2 posts · 1 vote2yWell thanks for replying now! I can totally see why you may have felt ashamed, but the reason these forums exist is to share information. I have a friend that is talking about joining Pace’s community. It seems there’s BiggerPockets fans and Pace Morby fans out there! I’ll bet if Peace has a forum there’s people talking about BP and being negative “what they’re teaching takes so long!!”
Quote from @Violet Cobb:
Hey Michael S Brown, and everyone else who has mentioned me in a comment on here. I have been avoiding this forum for so long because well, I am ashamed of myself a little lol. I was soooo obsessed with the gator method and basically for me it was the shiny object syndrome I guess, I went from so obsessed to just completely lost interest in it. I never took action and started doing deals. So yeah, sorry to anyone I disappointed. I will still stand for the review I gave it in my original post, I think Pace and his team and the community is amazing. Just not for me.
i guess the moral of this story is: in any endeavor you must take action or nothing will happen!! - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Mike Brown:
Well thanks for replying now! I can totally see why you may have felt ashamed, but the reason these forums exist is to share information. I have a friend that is talking about joining Pace’s community. It seems there’s BiggerPockets fans and Pace Morby fans out there! I’ll bet if Peace has a forum there’s people talking about BP and being negative “what they’re teaching takes so long!!”Quote from @Violet Cobb:
Hey Michael S Brown, and everyone else who has mentioned me in a comment on here. I have been avoiding this forum for so long because well, I am ashamed of myself a little lol. I was soooo obsessed with the gator method and basically for me it was the shiny object syndrome I guess, I went from so obsessed to just completely lost interest in it. I never took action and started doing deals. So yeah, sorry to anyone I disappointed. I will still stand for the review I gave it in my original post, I think Pace and his team and the community is amazing. Just not for me.
i guess the moral of this story is: in any endeavor you must take action or nothing will happen!!
This my friends on BP is just the reality of Real Estate you have two basic methods
One mom and pop keep their day jobs and start buying long term hold rentals as they can afford them and if they like it they keep at it..
Two you jump in the game and try to make money transactionally IE RE Broker Flipper Wholesaler MLO leasing agent etc etc.. this also is a long term ramp..
what the Guru programs attract generally speaking is those that get excited think they can somehow buy a program ( any program pick one) and its going to jump start them to this mythical financial freedom everyone talks about.. It can happen financial freedom but its a long game and its a business like any other you need Know how but more important to know how you need the three Cs
Capital Capacity and Character and maybe a 4th one Credit. it all have to be there to really get going. And then drive and determination and money set aside to live on while you ramp up. - Member since 2022 · 17 posts · 61 votes2y
Steve, I will start out by saying I do not believe the students are set up for failure, actually the opposite. There is so much support in the community, they have frequent live zooms that the gators have access to to ask questions and so many resources. I do not regret signing up, I still feel like I can receive so much value from signing up even not doing gator deals. I have access to a huge community of real estate investors, private money lenders, ect. It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state. I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes. My LLCs are for Real Estate so I still have use for them even without doing gator. Pace gives so much value. Yes Mike, you are correct, it's all about taking action. It's a great community.
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes2yyou note:
Quote from @Violet Cobb:
Steve, I will start out by saying I do not believe the students are set up for failure, actually the opposite. There is so much support in the community, they have frequent live zooms that the gators have access to to ask questions and so many resources. I do not regret signing up, I still feel like I can receive so much value from signing up even not doing gator deals. I have access to a huge community of real estate investors, private money lenders, ect. It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state. I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes. My LLCs are for Real Estate so I still have use for them even without doing gator. Pace gives so much value. Yes Mike, you are correct, it's all about taking action. It's a great community.
"I have access to a huge community of real estate investors, private money lenders, etc"
I guess my question is, then why be on BP? Is this not what this website is? My point is between BP, reddit, facebook groups and youtube, you can get a lot more out of it than having to pay for a "community"
7e investments53 Reviews - Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes2y
Quote from @Chris Seveney:
you note:Quote from @Violet Cobb:
Steve, I will start out by saying I do not believe the students are set up for failure, actually the opposite. There is so much support in the community, they have frequent live zooms that the gators have access to to ask questions and so many resources. I do not regret signing up, I still feel like I can receive so much value from signing up even not doing gator deals. I have access to a huge community of real estate investors, private money lenders, ect. It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state. I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes. My LLCs are for Real Estate so I still have use for them even without doing gator. Pace gives so much value. Yes Mike, you are correct, it's all about taking action. It's a great community.
"I have access to a huge community of real estate investors, private money lenders, etc"
I guess my question is, then why be on BP? Is this not what this website is? My point is between BP, reddit, facebook groups and youtube, you can get a lot more out of it than having to pay for a "community"It's about the clown I mean guru car.
Quote from @Violet Cobb:
Steve, I will start out by saying I do not believe the students are set up for failure, actually the opposite. There is so much support in the community, they have frequent live zooms that the gators have access to to ask questions and so many resources. I do not regret signing up, I still feel like I can receive so much value from signing up even not doing gator deals. I have access to a huge community of real estate investors, private money lenders, ect. It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state. I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes. My LLCs are for Real Estate so I still have use for them even without doing gator. Pace gives so much value. Yes Mike, you are correct, it's all about taking action. It's a great community.
I appreciate your candidness! Without real honest and balanced reviews like yours, we're stuck jumping to conclusions. I will say I would never pay to get access to a community of real estate professionals. BP is free and as a next level above, you can join any one of the big national RE brokerages that have much bigger networks, better education, and provide access to legitimate lenders instead of private lenders who may or may not be legit. That way you could actually make money while learning instead of paying money. I'd also never pay $700 for an LLC. Yikes! Mine cost $50 to set up and took 20 minutes on the secretary of state website. My understanding is they won't let you do anything until you've used PCS to set up an LLC for way more than it should cost, and that seems... questionable. I've heard a lot of questionable things actually, it seems like your typical up-selling scheme. But I'll mind my own business now. I have absolutely nothing to gain here whatsoever so I'll bow out of the conversation. After so many years in sales my BS radar is probably just more sensitive than most. I can tell when someone is obviously lying. Glad you found value in the program though!
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes2y
Quote from @Steve K.:
Quote from @Violet Cobb:
Steve, I will start out by saying I do not believe the students are set up for failure, actually the opposite. There is so much support in the community, they have frequent live zooms that the gators have access to to ask questions and so many resources. I do not regret signing up, I still feel like I can receive so much value from signing up even not doing gator deals. I have access to a huge community of real estate investors, private money lenders, ect. It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state. I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes. My LLCs are for Real Estate so I still have use for them even without doing gator. Pace gives so much value. Yes Mike, you are correct, it's all about taking action. It's a great community.
I appreciate your candidness! Without real honest and balanced reviews like yours, we're stuck jumping to conclusions. I will say I would never pay to get access to a community of real estate professionals. BP is free and as a next level above, you can join any one of the big national RE brokerages that have much bigger networks, better education, and provide access to legitimate lenders instead of private lenders who may or may not be legit. That way you could actually make money while learning instead of paying money. I'd also never pay $700 for an LLC. Yikes! Mine cost $50 to set up and took 20 minutes on the secretary of state website. My understanding is they won't let you do anything until you've used PCS to set up an LLC for way more than it should cost, and that seems... questionable. I've heard a lot of questionable things actually, it seems like your typical up-selling scheme. But I'll mind my own business now. I have absolutely nothing to gain here whatsoever so I'll bow out of the conversation. After so many years in sales my BS radar is probably just more sensitive than most. I can tell when someone is obviously lying. Glad you found value in the program though!
An LLC in Wyoming is a lot less than $700. Sounds like someone is getting a referral fee or some sort of incentive. Maybe how he has earned $40 million off his programs! Hell I can get an aged SHELF (not shell) company for $695 there and it was the EIN and all that.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes2y
It's funny that the gator bois are so defensive. This while they are charging 200% interest, lending in 3rd -5th position and using collection tactics the Gambino family would find distasteful.
- Member since 2024 · 1 post · 0 votes2y
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. - Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes2y
Quote from @Justin Davis:
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.Very little vetting being done. It's all about who is dumb enough to continue to pay that kind of money for a system that already gouges people in a way that even the Gambino family would disapprove of.
- Member since 2024 · 1 post · 0 votes2y
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?
Looks like the money goes to the Escrow Company so no loss
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Matt Mahoney:
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?
Looks like the money goes to the Escrow Company so no loss
but the seller has to sign to release it. and if the seller thinks they were lied to by the wholesaler ( very common) they will not sign.. and the money is stuck too small to litigate over and if not resolved the title company will file an interpleader with the court and send the money there. - Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes2y
Quote from @Jay Hinrichs:
Quote from @Matt Mahoney:
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?
Looks like the money goes to the Escrow Company so no loss
but the seller has to sign to release it. and if the seller thinks they were lied to by the wholesaler ( very common) they will not sign.. and the money is stuck too small to litigate over and if not resolved the title company will file an interpleader with the court and send the money there.TRUTH. Plus I ran into Pace Morby's mom and now know why he calls it Gator...
- Member since 2018 · 16 posts · 7 votes1y
Quote from @Violet Cobb:
I would recommend you watch his content on YouTube, there's a gator playlist and he'll explain everything. I'm not sure if I'm allowed to disclose the price, but I will say it's an investment to your future and provides so much value way beyond the amount you pay. It's education, resources, ability to talk to Pace and his team in zooms, as well as put you in a community of like minded people, also the amount of opportunity within the community is endless.
Squadding up is a term that means partner, and yes gator method is a partnership.
Howl
How much money have you made in the last 2 years since joining?
- Real Estate Broker · IN · Member since 2017 · 70 posts · 12 votes1y
Those are excellent points -
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes1y
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
It is "How to commit mortgage fraud" in a nutshell. Banks and State AG's are wising up to Pace and his gator bois!
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 740 votes1y
Quote from @Christian Kyle:
I watched the webinar yesterday and mysteriously they're still having the same chat issues that the assistant wasn't able to fix. Still must be using the same recording. He also talked about how the program has been closed down for around a year I think? And you saw this in May. Perhaps the program is great, but this doesn't add any credibility.
There is no credibility. It is promoting Mortgage Fraud.
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