Hi all, recently, I saw many people ask about Pace's subto program. Since I am a BP pro and in the subto community, I would like to share my honest opinion, and you will be the judge.
I am sharing some of my journey that I never shared before. Between 2017 and 2019, my husband constantly lost his job while I was pregnant twice with my first and second child. Luckily, I am a licensed public accountant, and my job could pay the bill. However, we were break-even every month, and no extra was left; we lived paycheck to paycheck. My company didn't provide paid maternity leave, so I have saved all my PTO just for the maternity leave. While others can take a long time off before the delivery and after, I couldn't afford it. I was exhausted every day, going to work and returning home. From then, I started looking for opportunities to get me out of the rat racing W2 job. I tried to buy commercial property with a conventional loan. I joined commercial property other guru programs, but at the end of the day, I realized that I couldn't do it because I needed a team to help me with the acquisition, underwriting, negotiating the deals, raising funds, and managing it, plus, I reaching out to many others for help and advice but no one wanted to Jv with a newbie. In the end, I was burned out and accomplished nothing.
Fast forward to the end of 2022, I met a lender who referred me to Pace's subto program, and I immediately built up a strong resistance; he wanted to sell me something! He said the value I would get from the pogrom was worth so much more than I paid it for. I can join the free FB group, watch the free videos, and decide. I watched Pace's free videos, which make perfect sense on how to buy properties with subto and seller financing in the current economy, even when the interest rate is low. After wandering in his free group for a couple of months, I decided to take a leap, joining his official Subto group.
These are what I learned from the group, also called Community:
1. It's called Subto, but the topic on subto is only 20% of the subjects he taught. he also taught us sales skills, lending, equipping agents with subto knowledge, acquiring business, and transaction coordinating paperwork. His ultimate goal is to create a win-win situation in which everyone will be paid for their hard work.
2. Pace is a man full of ideas and energy. He did many long zooms that I have not heard of anyone doing. He often did 4 + hours of long zooms to break down all the ideas and knowledge so others could understand. He and his leader put out so many zooms daily; if you would sit in all the zooms, that would be a full-time job. That is why you need to prioritize your main goal. I will touch on this again later.
3. Most importantly, he created a group, a community where everyone is bonded to each other, an ultimate trust that I feel comfortable working with others. For example, if I want to JV with someone on a property hundreds of miles away, I can easily find my team from subto. This strategy was also mentioned in David Greene's Long-distance investing book. Back then, when I read that book, I felt finding a team was almost impossible for me. Now, it seems so easy. The key is to be in the right group, in which you can TRUST others. I am an accountant and have a very low-risk tolerance. But subto community minimizes the risk to a tolerable level for me. Although there are still risks here, our goal in this community is to be a go-giver to others, not a go-getter.
4. The group is full of positive energy. If you need ANY help, there is someone there for you. After the hurricane, many people volunteered to check on others' properties. When I started, many leaders and other students offered to solve my problems, showing me how to accomplish my tasks.
5. There are drawbacks to what Pace taught, too. Where there is a business or real estate topic, Pace will teach you how to do it. I didnt set my laser focus at the beginning; instead, I had a shining object syndrome. I want to learn all of them. After a few months, I realized if I dont focus and start on one thing, I will not make progress. Underwriting commercial properties is what I love to do, and I need to prioritize it. Anyone who reads this should prioritize their focus as well.
6. very last. Not many people mentioned. Pace, Veena Jetti, Jerry Norton, and Brandon Turner hosted a special event to support Tim Ballard, the hero from the Sound of the Silence, to raise 500k for the Rescue fund. He constantly contributes his money back to the community to help others grow.
I am a number person, and I hate writing. However, I decided to share my thoughts so others could decide if this is something for you. This community is growing so fast that I must work REALLY hard to keep up. Since joining this community, I have looked at things differently. I have no skill ceiling anymore and can accomplish much more than at my W2 job. If you want to make a difference in your and others' lives, this will be the right place for you. Again, you will be the judge.
