The traditional routes of real estate financing can often present obstacles for aspiring real estate investors, making it challenging to enter the market or expand their portfolios. This is where the concept of creative financing emerges as a game-changer.
Taking a creative financing course can give you a unique opportunity to expand your skill set, deepen your understanding of alternative financing methods, and stay ahead in a competitive market. One of these courses is Pace Morby’s SubTo.
In this blog, we will delve deeper into the specific benefits that you can gain from enrolling in Pace Morby’s SubTo course. We’ll also talk about its pricing, pros and cons, best features, and many more!
To better understand what Pace Morby’s SubTo Course is, let’s first focus on who Pace Morby is.
Pace Morby is an accomplished real estate investor, author, entrepreneur, and speaker. He is the host of A&E's popular TV show, Triple Digit Flip, and is well-known as one of the most creative real estate investors with significant entrepreneurial accomplishments.
He began his journey after receiving a $1 million bankruptcy letter that marked the end of his construction business and the fall of his personal credit score. Despite the setback, Morby managed to turn it into a turning point by transitioning into creative finance within the real estate industry.
Over his career, Morby has completed over 7,000 renovations in 10 years, 200 wholesale deals yearly, 50 fix and flips annually, 165 creative buy and holds, and currently owns 100 mobile home parks.
Pace is committed to teaching others about real estate investing as a semi passive income or a means in making money online. He offers a variety of programs aimed at helping both first-time investors with no cash or credit and an experienced real estate investor looking to scale their operations.
His teaching method is rooted in creative subject to deals and building leverage as an entrepreneur, regardless of the student's background in real estate or if they are already using other business models.
In addition, Morby has written a book titled "Wealth Without Cash," where he shares his investing secrets. As part of promoting his book, he has arranged a book tour, visiting numerous cities across the United States.
Pace is also known for his commitment to community building. He has created a network of like-minded entrepreneurs and investors known as "Go-Givers," aiming to help its members achieve success. He hosts various recurring events and challenges such as "Follow the Leader," "Wholesale Hotline," and "Sunday Service" where he discusses real estate strategies, creative finance, and running a successful business.
SubTo is a thorough real estate investment education tool that trains innovative financing techniques to investors and every creative finance junkie. SubTo is a six-week course developed by Pace Morby and his professional team in Arizona with the goal of assisting individuals in building successful businesses and deepening their comprehension of Morby's subject-to investing strategies.
SubTo is also a community of real estate entrepreneurs, investors, and coordinators nationwide, making it the largest and most inclusive group in this niche. Pace's mentorship program encourages collaboration and guidance among its members to support each other's success and ensure small business growth.
As part of the SubTo course, members get access to weekly calls with Pace Morby and other members. These calls provide a platform to discuss and navigate the challenges of finding deals, business consulting, financing arrangements, and removing potential roadblocks until the closing of the deal. A sign that entering this course is a true win win situation.
Pace Morby's flagship SubTo also offers various resources to its members, including access to local investors and lenders of hard money loans, insights about various real estate markets and property types like rent to own, digital rental properties, etc, and legal documents essential to getting started in the business. These resources are made available to support the members as they venture into the real estate market.
The cost of Pace Morby's Subto course is $7,800. This includes tools, Facebook group support, step-by-step video training for thorough understanding of seller finance as an income stream, and more about creative financing agreement, critical aspect of creative credit repayment plans, and more so you can get high profit margins eventually.
The price increases to $10,800 if you sign up for his advanced course, which also covers AstroFlipping and probate. A three month virtual assistant and a CRM are also bonuses included in this premium service.
Furthermore, Pace Morby offers live events and masterminds for subject to deals, which costs from $10,000 to $19,000.
Pace Morby's Sub to real estate investing course offers a range of features for its members that can relatively increase their profit margins whether they have good credit or not.
SubTo members gain access to local investors, lenders, and the expertise of other investors through various tools and step-by-step video training. The course will also give you access to locally established member-run accountability groups where you can gain insight and support in real estate investing.
Some of the topics discussed include subject to deals, mortgage payments, using a third party lender or financial institution, buyer finance, seller financing, managing costs, and remaining mortgage assumption among others.
The SubTo course offers weekly calls with Pace Morby for answering questions, problem-solving, and motivation to inspire entrepreneurs globally. This ensures that you are accountable for your business and deals in the real estate industry. This also encourages you to ensure that your local businesses related to real estate have great cash flow and better management of your ongoing expenses or passive income.
Essential documents are provided throughout this creative financing course, which can save members time and money. These legal documents can be used by newbies and seasoned vets to start real estate deals or work with a title company or when the buyer pays the seller's mortgage company.
SubTo goes beyond the conventional approaches in offering assistance to its members. The course's Member Success Advisers help meet member needs. You can contact them at any point if you are having difficulties applying what you learned from the course.
Pace Morby encourages each member to take immediate action and stick with it until they see success, although no one is legally obligated to complete deals immediately. In connection, he may partner with you in your real estate endeavors. If this happens, you can ensure that you’ll be able to close a good deal.
You can also ask Morby during the call about mortgage payments or remaining mortgage balance, what happens when a seller declares bankruptcy and they lose possession of a property, what happens when a buyer defaults or the buyer fails to secure a creative financing deal, when you need a decent lawyer for the subject to deal, and more.
The course caters to both seasoned entrepreneurs and novice investors, advancing their successes through innovative ideas and guided stewardship for subject to deals
While Pace Morby is considered one of the best SubTo investors out there, his course is far from perfect. That said, you should first understand the pros and cons of the course before going investing in it.
The Pace Morby Subto course is seen as beneficial by several of its customers as it offers the best creative financing strategies. Here are some of the key points found in customer reviews on the web.
According to the reviews on the web, below are the cons of Pace Morby's SubTo course.
Important note: These risks involved in taking the course only came from a small subset of users and many others have rated the course highly and praised its content value.
If you are really intrigued about the SubTo course from Pace Morby, visit the official SubTo website and sign up for the course. You can get access to this course in just a few clicks.
Once you join the SubTo community, you immediately gain access to sharing deals with some of the top investors in the country. The community also includes member-run accountability groups that guide each other through the terrain of real estate investing.
Each week of the course focuses on a vital part of creating your own business as a real estate investor. Carefully go through each module and make sure you understand the concepts.
The course also provides essential documents throughout the program. These documents are designed to save you time and money, so make sure to take advantage of these resources.
Lastly, attend the weekly calls with Pace Morby to get your questions answered. These sessions are essential as Pace will talk you through acquiring your deals, solving your problems when it matters most, and cheering you to the finish line.
The reason why Pace Morby’s course is the go-to of real estate investors wanting to learn about subject-to-deals is not only because it offers the most comprehensive information. It is also because there are limited courses similar to it.
As of writing, only one course can serve as an alternative to Pace Morby’s SubTo and it is Udemy’s course called: Learn how to buy a house "subject to" the existing financing.
The course "Learn how to buy a house 'subject to' the existing financing" from Udemy teaches investors the advanced techniques of real estate investment.
It covers subjects such as how to buy houses without using cash or loans, how to take the title of a house while keeping the existing loan in place, how to buy a house with an outstanding mortgage or existing mortgage, how to sell for profit or move in on properties with delinquent property taxes, and how to locate motivated sellers.
The course also includes how to set up a team of professionals, avoid risks and protect oneself, common mistakes when buying and selling, marketing strategies, and how to outsource 90% of the work.
The target audience for this course are individuals who want to learn the easiest way to buy a house, those who thought they could never buy a house because of bad credit or lack of money, and those who are serious about making money in real estate investing.
This course is somehow different from Pace Morby’s SubTo course since it doesn’t offer access to a community of investors and it doesn’t involve a coach who you can call.
The Pace Morby SubTo course has certainly earned its place in the real estate investment education arena, serving as a comprehensive guide for both novice and experienced investors. The course's community, resources, and access to Morby's expert advice make it a really valuable tool. We hope that this answered your question "Is Pace Morby legit?"
However, you should understand the time and capital commitments that this course requires before enrolling. Some people find this course to be expensive, especially for newbie investors.
Nevertheless, if you’ve taken this course and you’re ready to apply what you learned, the next step would be to find the best deals. You might want to consider buying leads from Property Leads to begin your sub to journey.
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