On this episode of American Greed.. Pace Jordan Morby.

Pulled from Facebook:

It's becoming more and more common to see disclosures like this on RV park listings, and there's a reason for it. (I saw this one today)

Pace Morby has built a community that's flooded this market with unqualified buyers, bird dogs, and "acquisitions associates" spraying and praying for deals. In practice, that means hundreds, sometimes thousands, of people mobilizing to find a property, then feeding it into their internal groups so a bird dog can pocket $10,000 for sourcing it.

We've had 30+ individual people reach out on a single listing, all from the same community, all running the same script. Ask the right questions and you'll often find several of them claiming to represent the same buyer, without that buyer even knowing.

This hasn't produced a single closed transaction for my company. What it did do was bottleneck our deals. Every time we listed a new park, we'd get 100+ people from this community reaching out in the first 30 days, all asking the same questions and requesting the same information.

The market's response has overwhelmingly been to add qualifying criteria and gates. Nothing complicated, but enough friction to weed out anyone who isn't real. We require direct communication with the principal or their licensed representative. We require proof of funds and a schedule of real estate owned. And early in the conversation, we make clear that if this reaches a contract and there's any attempt to wholesale the deal, there's a financial penalty for it. Pretty basic stuff honestly.

And the "creative financing" pitch is a joke. In well over 99% of cases, it exclusively benefits the buyer at the seller's direct expense. It's not the win-win these people love to claim it is.

This hasn't produced a single closed transaction for me. What it has done is torch the reputation of everyone involved: the community, the bird dogs who don't know better, and the buyers being misrepresented on their behalf.

The problem is none of it matters, because these are the same people not reading the offering materials in the first place. We've had signed NDAs breached, with confidential deal information showing up circulated in groups with thousands of members. Pace and his team will also do nothing to rectify it because their business is not helping people buy properties, its selling access to himself. He doesn't need you to know how to actually buy parks, he needs you delusional enough to believe you can "get rich" buying "passive ownership" RV Parks for zero money down so that you pay him $10k - $50k to join his community.

Qualify your buyers. Protect your sellers. This is why.