Pace Morby Gator Lending

[Antonio Bodley]

Is anyone familiar with Pace Morby Gator Lending program that costs $3k? Is it worth spending that kind of money to learn how the gator lending strategy work? I don't know anyone else that talks about how this strategy works.

[Doug Smith]

The reason no one is teaching this strategy is because it's a terrible, terrible strategy that is taught at the end of every cycle only to see those people lose their shirts. I've been through multiple downturns over 30 years and gurus like this pop up toward the end of every cycle to take advantage of people with dreams. You're being asked to pay $3000 to learn lending from a man that has zero formal credit background, lost his professional license in AZ, and who didn't even get into real estate until 2011...so he's never been through a downturn. You're being encouraged to finance people's earnest money deposits. In other words...people that don't have enough skin in the game to even cover the deposit. The first people that lose their money in a downturn are those that are lending at insanely high LTVs without adequate underwriting experience including determining if the borrower's qualifications based on credit/character, capacity, and collateral.  This guy is leading lambs to slaughter.