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All Forum Posts by: Claus Goritschnig

Claus Goritschnig has started 1 posts and replied 4 times.

Post: Pace Morby Mentorship

Claus GoritschnigPosted
  • Investor
  • Hamburg, Germany
  • Posts 4
  • Votes 3
Quote from @Jay Hinrichs:
Quote from @Account Closed:
Quote from @Claus Goritschnig:

I would like to give my tidbit of advice about mentorships, courses and masterminds. 

All in all Pace is great, the people are wonderful, kind and helpful. I can only recommend taking this opportunity. 

@Claus Goritschnig:

 Okay, so how much have you paid to be part of the program

how much are you being paid to post this

and most significantly

How much have you made as a result pf joining the group?

 I strongly suggest Claus used AI to write that glowing testimonial..  lets be real though I think there are something like 8,000 members in the pace tribe there is no way he can talk to members individually. unless your in the higher Archy is his staff.   sub too is a very simple concept and there are just a few items that need to be done to be safe this is not voodoo :)


 Hi Jay, 

not really using AI to write anything besides implementing it in our business to create simplified workflows, and some email communications and interactions for inquiries to our services. But I appreciate that you think this was written with the assistance of AI. 

@JayHinrichs, you are correct that there are above 8000 members in Subto and with that some sort of dilutive nature based on the sheer size and interactions. Depending on the time you have joining you have a different relationship with pace and of course he is not friends with everybody, but through projects and participation it's quite easy to get in contact with him and speak to him. Time is always of the essence as you know yourself. 

And I have to agree with you 100% that subto and all other avenues of the coined term "Creative FInance" are simply old aged way to do business and structure transaction. 

I hope all is well with you Jay and I hope you are having a great start to your week. 


Best regards

Claus Goritschig 

Post: Pace Morby Mentorship

Claus GoritschnigPosted
  • Investor
  • Hamburg, Germany
  • Posts 4
  • Votes 3
Quote from @Account Closed:
Quote from @Claus Goritschnig:

I would like to give my tidbit of advice about mentorships, courses and masterminds. 

All in all Pace is great, the people are wonderful, kind and helpful. I can only recommend taking this opportunity. 

@Claus Goritschnig:

 Okay, so how much have you paid to be part of the program

how much are you being paid to post this

and most significantly

How much have you made as a result pf joining the group?

 Hey Mike, 

Sure, I paid approx $7,400.00 for the mentorship and have been in it for approx 1.5 years as of today. I am not being paid anything for my post comment or replying to anything. This is simple, something I felt compelled to do. 


As I already have worked in real estate in Europe, I have had experience in the RE industry, just in a different market. And in regard to my earning since joining Subto it's been a bit over 7 figures, due to the nature and segment of the real estate industry I am focused on. 

No program/course/ mentorship or apprenticeship is going to give you a holistic view and perspective without the required attitude, consistency and diligence to move and establish yourself within your industry. So, in order to be successful, it is important to regard other relevant factors of establishing a profitable business/ operation. Thus making the information only relevant if applied correctly. 

All in all, it always depends on who you vibe with and how reciprocative you are to what you are being taught.

Hope this helped ... if you have any other questions, feel free to DM or whatever way you like. Have a great start to your week. 

Claus

Post: Pace Morby Mentorship

Claus GoritschnigPosted
  • Investor
  • Hamburg, Germany
  • Posts 4
  • Votes 3

I would like to give my tidbit of advice about mentorships, courses and masterminds. In my opinion, all have a general relevance for educational purposes to elevate your status within an industry, and this is applicable to most. Sometimes we must simply seek out the knowledge of other who have already walked the path and are willing to educate others that want to follow suit. No difference then going into college or apprenticeship to get your career going or moving forward.  

This exceptional program is a true gem, an investment that pays dividends—provided you diligently seek out those lucrative deals. The sense of community fostered by Pace is nothing short of extraordinary. Engage in the 'daily dials' orchestrated by our adept group leaders, and you'll gain invaluable experience in cold calling, navigating various seller scenarios like a seasoned professional—handling sellers with no urgent motivations, those demanding excessive down payments, or even those claiming to be too aged for owner finance or refinancing.

Every day, we convene on Zoom to delve into an array of topics, not to mention the invaluable Q&A sessions where Pace generously imparts his wisdom on any challenges you might be facing. What's more, he's brought in his own legal counsel and another business luminary to ensure a seamless process, even managing the intricate paperwork should the 'due on sale' clause rear its head during subto purchases.

The culture of knowledge sharing here is unparalleled. Pace is ceaselessly generous, dispensing vital information, templates, scripts, and even premium legal documents crafted by his team of attorneys. This isn't one of those distant mentorships where you're left adrift after signing up. I've had the privilege of contacting Pace directly, either through his phone or email, receiving guidance that feels more akin to familial support than mere instruction.

This mentorship is a tightly-knit, nurturing community. Need urgent guidance? Just post your query in the Sub To Facebook group, and watch as a flood of helpful responses pours in. Uncertain about how to seal the deal? Pair up with a fellow member, and they'll ensure your success in closing it. One of Pace's core teachings lies in the spirit of giving more than you take—a principle embraced by countless students, who readily extend a helping hand to those still seeking their first breakthrough. They openly share insights from their triumphs and missteps, knowing full well the profound lessons inherent in both.

Remember, this isn't just a fleeting membership—it's a lifelong connection to a group that thrives on mutual support. Every participant in this mentorship is invested in your triumph.

All in all Pace is great, the people are wonderful, kind and helpful. I can only recommend taking this opportunity. 

Post: HELP! How to set up a real estate acquisitions company correctly"

Claus GoritschnigPosted
  • Investor
  • Hamburg, Germany
  • Posts 4
  • Votes 3

I thought making my first post on BiggerPockets, about the struggle and understanding how to correctly set up, structure and arrange the proper business entity necessary to undertake real estate wholesaling transactions virtually within the United States, while currently living abroad.

As, the Covid-19 Catastrophe has made me reassess lifes’ purpose, helped me re-enroll into University to finish my degree in Business Administration, laid out a new career path for me and pushed me forward to do things differently I would be thankful for all the sound advice that can be given.

My questions mainly pertain around the aspects of business structure, taxation and a long-term layout of setting up a firm & proper foundation to conduct business.

  1. What entity is needed, for setting up a real estate acquisitions business?
    1. Should an LLC be the pre-dominant entity to begin with?
    2. Should anonymity be considered while setting up a business entity?
    3. Are Delaware, Nevada and Wyoming the preferred states to set an LLC up?
  2. What basic aspects of taxation need to be considered while setting up a business entity (preferred LLC), on a personal and professional basis? Recommendations for educational purposes or references to business would be appreciated!
  3. While wholesaling within the US, do you need to create e.g. an LLC in each individual market you wholesale a property? My guess is no, but any input short is appreciated.

As I have been indulged through research, education and networking on basic concepts of the above-mentioned question such as general taxation for Flow-Through-Entities and the anonymity part of a Wyoming LLC, there are still a few questions left that I would appreciate receiving some input or reference to different sources or contacts.

Best regards

Claus