SELLER FINANCING/ SUBJECT TO - any feedback/review on Pace Morby's creative finance

Member since 2020 · 26 posts · 26 votes

Hi - I'm thinking about joining Pace Morby's creative financing community. Can anyone share their experience? I'd love to hear if you felt like Pace's program was helpful and how easy/difficult it was to find and buy a deal. Thanks so much!

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Miron Briley

Real Estate Consultant · Dallas TX · Member since 2021 · 60 posts · 38 votes

Quote from @Kate Lee:

It was difficult when we first joined 2 years ago. But now the mentorship’s Facebook group is littered with deals for assignment , and plenty of people teaching how to find deals .
Our team did a free 12 hour YouTube live explaining step by step how to find them, talk to agents and work with us to get them under contract.

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Daniel Auriemma
Las Vegas, NV · Member since 2018 · 7 posts · 5 votes
3y
Following - I was looking at this today too!
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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y
@Kate Lee
Plenty of chatter already on BP about this. Recommend checking out those Posts
7e investments53 Reviews
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Kris Kempe
Member since 2023 · 26 posts · 14 votes
3y
Hey Kate,
I’ve been apart of Paces Creative finance group for some time and now and the I would completely recommend it. There is such a great community behind it and everyone is there looking to help. Definitely take the leap, you won’t regret it! :)

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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
I know a lot of people who benefit from it. You can learn just as much on your own if you take the time.
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Larry Paul
Member since 2023 · 2 posts · 1 vote
3y
Hello Kate, I am a member of Subto been in the group since June 15th and I can tell you about my first 75 days in the community. The first thing I would say is seller financing and subject to are just the tip of the iceberg. In this community we learn about seller finance and subject to but we also learn about raising private capital, we learn all the ways to get into a real estate transaction and all of the exits. There are 2 particular things I love about the program 1. it has a go giver mentality so there are so any people in this group that are invested in helping you succeed so you never feel alone and 2. There is just as much focus on business in this group as Real Estate and with my accounting background I fell in love with the things Pace teaches based on his business structure and how you can model his. I would say that my investment into subto was well worth it because it is literally the best real estate community out there and I would not be in the middle of buying my first business (Dry Cleaners in Philly) or apart of an amazing 5 man mastermind if it wasn't for Subto.
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Miron Briley
Real Estate Consultant · Dallas TX · Member since 2021 · 60 posts · 38 votes
3y
Quote from @Kate Lee:

Hi - I'm thinking about joining Pace Morby's creative financing community. Can anyone share their experience? I'd love to hear if you felt like Pace's program was helpful and how easy/difficult it was to find and buy a deal. Thanks so much!
It was difficult when we first joined 2 years ago. But now the mentorship’s Facebook group is littered with deals for assignment , and plenty of people teaching how to find deals .
Our team did a free 12 hour YouTube live explaining step by step how to find them, talk to agents and work with us to get them under contract.
2
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Charles DuFour
Investor · Stonington, CT · Member since 2021 · 21 posts · 10 votes
3y
You will find many testimonials on here, just search it. A community that is unmatched, he's a go-giver that provides an unprecedented amount of value. I'm in the Gator program myself, and have experienced the above. The Sub To community will be next for me.
1
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Tom GimerBusiness Member
DMV · Member since 2017 · 3k+ posts · 3k+ votes
3y
The first domino will fall when 1 brave subto community member comes forward and describes their transaction that went t*ts up, tenant stopped paying, seller filed BK, property was lost, lawsuits commenced, everybody lost everything and the local AG got involved.
But hey it’s such a giving community.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
3y
Quote from @Tom Gimer:

The first domino will fall when 1 brave subto community member comes forward and describes their transaction that went t*ts up, tenant stopped paying, seller filed BK, property was lost, lawsuits commenced, everybody lost everything and the local AG got involved.
But hey it’s such a giving community.

Thank you.. I saw this play out exactly as you describe about 15 years ago when the last sub too guru was preaching these methods to under capitalized individuals you know get rich with NO MONEY.. If folks have money and I mean enough to payoff the underlying sub too mortgage that can save the day if they dont they can find themselves in a heap of trouble as you describe.
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Charles DuFour
Investor · Stonington, CT · Member since 2021 · 21 posts · 10 votes
3y
Didn't a lot of REI lose everything about 15 years ago? I don't think that was s Sub To problem when the bubble burst.
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Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
3y
Quote from @Charles DuFour:

Didn't a lot of REI lose everything about 15 years ago? I don't think that was s Sub To problem when the bubble burst.
Just because a lot of ships sink, it doesn't mean they all hit the same ice berg.
https://en.wikipedia.org/wiki/List_of_shipwrecks_in_the_Atla...

Don't confuse what these posts are responding to with generally bad investing.

Doing Subject To has additional severe risks, that involve an original seller, who no longer has control of the property and has been told they don't have to worry about the mortgage being paid.
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Noah BaconPro Member
Property Manager · Lansdale, PA · Member since 2021 · 844 posts · 1k+ votes
3y
BiggerPockets has been inundated with "reviews" of Pace Morby and his SubTo community. Unfortunately, they are posted in the wrong forums.

We ask that users keep these discussions in one place so members can find them. If you wish to share your experience, or if you are a reader looking to learn more, please visit this discussion of Pace Morby specifically.
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