All Forum Posts by: Cloey Green

I wouldn't call what Nate shared not valid. He may not have his own experience personally with Morby's communities, but if 30 people said that to me, I would say that is valid proof and an opinion of others experiences that does hold water when it comes to learning about the pros and cons of the Gator community. Sure, if it is one or two, I personally would do more research, but if 30 people, which I have heard a lot, not as many, but a lot, about the same thing about the Gator community and Pace's other communities. 

Also, it seems you used what Nate said as an opportunity to not only promote it, but also say you can get a discount for Nate, which is an upsell. Upselling is also a big part of Pace Morby's communities. Which is fine, but if you are wanting to show people why you like the Gator community, being open and honest and understanding without upselling for a chance at a commission might not be the best way. Especially since Pace's communities is also known a lot for upselling a lot of stuff.

I personally don't like the Gator community or any other community of Pace's and a lot of them are the same, such as always upselling, aggressive, and seem brainwashed in the communities saying it is the best thing that ever happened to them without ever really seeing people making a lot of money or if they do, they grind a lot (a lot of which seems unnecessary), which makes you wonder, if something sounds too good to be true, it probably is.

I am just saying, instead of judging and saying something along the lines of telling someone what they say reflects on themselves while being condescending like and then upselling a product that they are criticizing, maybe be open to discussion and offer your experience and why you like the community yourself and how it's changed your life and the money you've made. Humans like referrals more than paid ads on the FYP. That is why Nate is sharing what 30 people shared with them.

Quote from @Julia Lyrberg:

Thank you!

Quote from @Jared Smith:

@Cloey Green there are so many different ways to think about and evaluate markets. The truth is that if you find the right deal, you can make pretty much any market work but if you are looking for consistent deal success that narrows your options down.

Some investors look for simple signs like the "Chick-Fil-A" test. Companies like CFA do much more in depth market analysis and research than I know I ever have done so some latch onto the back of those companies and look to invest in areas that these large companies are opening new/more stores in as a starting point. 

There are tons of other metrics to consider such as rental rate, job demand, growth, path of progress, taxes, schools, crime, and on and on. If you have any specific go / no-go criteria, you can evaluate it on the web most likely. 

I will say though that even in any market, there are sub-markets that you may either want to be in or want to stay away from. Once you get done to that level experience really helps, visiting the area or having someone that knows the area, really helps as well. 

Great tools out there to evaluate the density of rentals, houses sold/for sale like Zillow and Redfin can give you a great perspective on these and help guide your decisions!

good luck out there!

 Thank you!

I am finally choosing to start on my REI journey. After some extensive research, learning the market is obviously a must know or have an idea about. My question is, when picking a good market, what are the kinds of things do you look for to determine if it is worth investing in?

Quote from @Alesha Bruneski:

@Paul Kang how are things going now 11 months later? have you closed some deals? I am contemplating joining Subto? i want to be on a team and work with others and purchase subto deals.

Hey! Not sure if you joined Subto or not, but I wanted to share my own experience. The sales people and ads make it seem way more awesome than it actually is. I thought when I joined I would actually get mentorship from a seasoned investor and join an already made team. This is not the case. You basically have to find a team or make one and even then, it is very hard and most of the time, you work for free for them or it's hard to find people to make a team. I highly doubt many people have many a lot of money, because I have not really seen any in the FB group post things like...  "Made a $100k on this deal!!" "Just signed another deal and making XYZ in profit!!!" Stuff like that. All that I do see are people who know nothing about real estate investing asking questions and then more people who know nothing about real estate investing answering those questions. And people trying to sell their deals they made. (I prefer to find them myself when I have enough to buy my first property) At most, you get a person who checks on you for the first 4 weeks (once a wk) and then tells you what to do to strengthen your REI avatar. That's about it as far as support. That is just my experience. They gloss over the actual REI experience only to have people pay $10k for it when you could have simply put it into a property and learned on your own to gain experience. Also a lot of the "deals" in the Subto community are highly overpriced and charging more than market price most of the time.

IF you are still curious or would like to see, I am happy to connect with you, show you the Subto videos and trainings if you'd like from the courses. I am just saying, everything he shares in the YT videos for free is all he is sharing mainly in the courses as well and not worth the $10k. If you want zooms, those are recorded, so if you want that, like I said, I am happy to connect and show you the stuff in there for you. 

Exactly!! I thought there would be more seasoned, experienced investors, but all of the answers to my questions were from newbies like you said! After researching more about PAce and watching his videos after watching some real information from Bigger Pockets and other REIs, stuff like, fixing a place, what is actually a good and whatnot, I realize Pace doesn't really know anything. Or if he does know anything, he isn't sharing anything.

One of his philosophies is to buy at the seller's price (even if it is more than what the market is saying and such) to "help the buyer and that is a good deal." I can understand wanting to create win/win solutions, but I don't think that is the route I would want to go down and personally, I am not really out here to help sellers who are in foreclosure. At least yet. I want to build my wealth, gain experience, help people along the way and then maybe help people in foreclosures or something. But I would rather just buy the property from the bank after it is foreclosed either at auction or when it doesn't pass auction. 

Quote from @Ken M.:

Quote from @Nate Marshall:

Quote from @Cloey Green: 

I have to agree. I was 20 when I thought I wanted to join and did join. I didn't even have $1000 saved at that time and I was really just thinking of going the regular route of going through the banks and just save up as much as I could for a down payment on my first investment home to rent out. I got the call from Pace's team and they made it really enticing to join, even for $10,000. So I put $1600 on a credit card for a down payment and then pay $500 a month until the full amount was paid off. I have yet to do my first deal, I know it takes hard work, but they made it seem easier and better than going the normal route and than what it actually takes to get your first deal or at least started. I didn't like the fact of calling up sellers just to offer sub to or seller financing. Not that those aren't great options just in case, but I just simply wanted to buy the house and rent it out on my own without jumping through hoops to get one while I am barely just starting and getting experience. A lot of the top people that help Pace, also are kind of rude when I asked questions in the group. I simply asked what questions to ask sellers and one of them commented for me to simply go look in the zoom vault and never offered which ones even. I also though people would be more helpful and such, but that is not really the case for me and have decided to go back to my original plan of just simply going through the banks and getting experience before I cold call again and door knock. I just feel like they market it in a way where it is the easiest thing in the world of real estate and the best thing and it is worth the price, but it really isn't. 

 There is an active movement now to get this to the DOJ and state AG's. 

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There is an active movement now to get this to the DOJ and state AG's.
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@Cloey Green: So, what did you end up doing? Any update?
You said: "Also, I am mainly just going to finish paying it off and then kind of just leave it since I don't really believe Pace knows what he is doing."
I'm unclear why you would continue paying for something that was not what you were told.

 That's why I keep paying for it, because I entered a contract to pay the full $10k until it is paid off. I am just paying it off over time. 

Quote from @Ken M.:

Quote from @Nate Marshall:

Quote from @Cloey Green: 

I have to agree. I was 20 when I thought I wanted to join and did join. I didn't even have $1000 saved at that time and I was really just thinking of going the regular route of going through the banks and just save up as much as I could for a down payment on my first investment home to rent out. I got the call from Pace's team and they made it really enticing to join, even for $10,000. So I put $1600 on a credit card for a down payment and then pay $500 a month until the full amount was paid off. I have yet to do my first deal, I know it takes hard work, but they made it seem easier and better than going the normal route and than what it actually takes to get your first deal or at least started. I didn't like the fact of calling up sellers just to offer sub to or seller financing. Not that those aren't great options just in case, but I just simply wanted to buy the house and rent it out on my own without jumping through hoops to get one while I am barely just starting and getting experience. A lot of the top people that help Pace, also are kind of rude when I asked questions in the group. I simply asked what questions to ask sellers and one of them commented for me to simply go look in the zoom vault and never offered which ones even. I also though people would be more helpful and such, but that is not really the case for me and have decided to go back to my original plan of just simply going through the banks and getting experience before I cold call again and door knock. I just feel like they market it in a way where it is the easiest thing in the world of real estate and the best thing and it is worth the price, but it really isn't. 

 There is an active movement now to get this to the DOJ and state AG's. 

.
There is an active movement now to get this to the DOJ and state AG's.
.
@Cloey Green: So, what did you end up doing? Any update?
You said: "Also, I am mainly just going to finish paying it off and then kind of just leave it since I don't really believe Pace knows what he is doing."
I'm unclear why you would continue paying for something that was not what you were told.

I entered into a contract and from what I've heard, I am not able to get a refund. I put a down payment from my credit card and am paying $500 from then on until it is fully paid off. I am still paying it off. I plan on speaking with my PM salesman to see if I can cancel it and then just lose access (not that I was getting anything from it) to the FB group and the videos in the courses. Pace and all of his sale people make it sound so much easier said that done. I still haven't gotten a deal and don't feel supported. Basically spending $10k to be told to figure it out. 

Quote from @Ken M.:

Quote from @Cloey Green:

Ok, thank you!

What state are you in? You just go to a search and put in
"Nebraska Attorney General Complaint"  for instance if you are in Nebraska. They are free and they want to know when there are problems that affect the people of the state. Some TV stations handle that kind of thing too. They have someone assigned to "Consumer Complaints."

I am in Utah. I plan on doing it sometime this week. I work late at my job, so I sleep for most of the day and I just need to file the complaint, because my experience will benefit other people when they are deciding on it they should have the truth and it really needs to be spoken of that this mentorship isn't really a mentorship. Everybody pays $10k only for everyone in the FB group to answer each others' questions and most of them are newbies themselves.

Ok, thank you!