All Forum Posts by: Deb S.

@Rick Zink since you've already closed on those properties, HML is a bit late.

If this opportunity is really something you want, maybe you can JV with someone who has the funds needed. You can work out a repayment of 50% (or whatever split you negotiate) of the money put in after you flip a property or 2. Just make sure this is someone you want to partner with - same values, ambition, goals, etc.

Quote from @Donyea Jenkins:

I think I am almost ready to take the leap into investing. I have seen deals that I was researching be purchased so I know I'm on the right track for what I am looking for. I am open to hard money now and have a couple of products I am interested in thanks to talking to one of the lenders in the Bigger Pockets Community. Hoping to find someone who is willing to walk me through how to use the products correctly. The products I am looking at are:

Purchase and rehab loans 

DSCR loans

My biggest question is the transition from Purchase and Rehab Loan to DSCR Loan and how that looks. Also, how my niche, Total Rehabs, may make it harder to use hard money. Any direction is appreciated and look forward to talking to you.

You may want to try building relationships with some local DSCR lenders. I would go in and speak to them about your plan and ask what their requirements are if you were to do a DSCR loan after a renovation. Some lenders have longer 'seasoning' periods than others. Ask what their fees are, how long to close, documents needed to close, do you need a certain credit score (you shouldn't since it should be based on the income the property can produce). You don't want any surprises when you are done renovating and ready to refi.

Relationship building is a big factor when investing. You'll get better and quicker service with a repeat lender who knows you and what your goals are.

@Lawrence Adair 

I love your mindset and mission! Sounds like you’ve already built a strong foundation through hard work, and now you’re focusing on what truly matters—financial freedom and creating a legacy for your children. Real estate is a great asset for wealth-building, and pairing it with the right financial tools can amplify your results even more.

One strategy to consider that aligns perfectly with your goals is using a properly structured permanent life insurance policy for Infinite Banking. It allows you to grow and access capital tax-free, protect your family, and create a financial system that your kids can use for generations. Many real estate investors use this strategy to fund deals, and even replace the need for traditional banks by using the cash value built up in the policy.

I’d love to connect and share how this could fit into your real estate wealth-building plan. No pressure, just a conversation to explore if it’s a good fit for your family. Let me know if you're open to it! 🚀

Have you tried advertising it as 'rent to own' aka lease option? You could ask for 10% down as the option fee and set a pre-determined price for say 3 years from now.

Quote from @Dmitriy Fomichenko:

Quote from @Heather Taylor:

@David Charles Edwards I can't speak to the employment tax or if it's worth it, but something to consider is the Solo 401(k) - it's for those who are self-employed or entrepreneurs. Contribution limits are larger than with IRAs. Also, with either an IRA or Solo (k), there are potential tax deductions in the year you contribute (larger contributions with the Solo (k) means potentially larger deductions!). The other great thing with either account is that you can choose to open it as a self-directed account and use the account for your real estate investing.

You need earned income to contribute to a Solo 401k plan. 

 But if they are property managers, they can take income from the rents collected, no? Then they could contribute to a solo 401k or Roth solo 401k with that active income?

Thanks for the unsolicited advice. Hope you find something better to do with your time.

@Ken M. how can you possibly know what he teaches when you're not in the community? Oh because you watched some free YouTube videos? That free information is free for a reason-it's a concept but doesn't tell you how to implement. 

You're exhausting and I'd like for you to remove or re-word your post that is slamming my character calling me a co-conspirator and telling people they will 'suffer consequences' if they take advice from me. Clearly, this is what you get enjoyment from - attacking other people's character. 

I didn't post any 'logic' just my opinion. My opinion is not fact, it is based on my experience over the last 4+ years. You seem to want to tear apart ANYTHING to do with Pace Morby/Subto based on your other posts I've seen which also slam him and the Subto community.

You don't know anything about me but I can tell you this: I would never participate in any community that teaches people how to commit fraud or any other type of crimes. 

Quote from @Ken M.:

Quote from @Deb S.:

Quote from @Ken M.:

Quote from @Ignatius Okeke:

Quote from @Ken M.:

Quote from @Ignatius Okeke:

I am interested in signing up for the Pace Morby's Subto program, anyone to help me with the discount code? 

If you have to borrow money to do "no money down" investing, (which it really isn't 
"no money down" investing, don't you think you are headed to trouble?

By the way, doing things Morby's way will get you into trouble even if you have money. The reason you need money for Morby's "no money down" investing is to hire an attorney to explain to the state why you broke the law. You will need representation. Be smart, talk to an attorney first, tell them what you want to do and let them tell you if it's legal. It's a lot cheaper than after the fact.

 Hi Ken,

Thank you for your response and advice. Sorry, but I don't quite understand what you mean. I wanted to sign up for the program mainly for networking purpose. Getting to meet experienced people whom I can learn from. So, I need more clarification and clear direction regarding that.

Best,

Ignatius.

.

Learning to do things the wrong way is still learning to do things, I guess.

Here is someone doing the things Morby teaches, the way Morby teaches

https://www.azag.gov/sites/default/files/2025-03/CV2025-008402%20State%20of%20Arizona%20v.%20Cameron%20Jones%20et%20al%20FILED%20%281%29.pdf

.

Your comment "@Ken M. to be clear Cameron Jones is NOT in the paid Subto community. Please stop spreading lies. It's fine if you don't like Pace Morby or what he does/teaches but let's stick to the truth. - 

(So, it doesn't really matter the name or the association, if they are doing things the way Morby advocates, he is headed for trouble. But, you've piqued my interest, where did I say "Cameron Jones IS in the paid Subto community" and why are you so defensive about that?)

Pace does NOT teach anyone to defraud homeowners. His legal documents have been drafted by his own attorney who clearly would not create invalid, unenforceable contracts."

Actually I have watched some of Morby's videos and you should be advised to be very careful about associating with him.

https://www.azag.gov/sites/default/files/2025-03/CV2025-008402%20State%20of%20Arizona%20v.%20Cameron%20Jones%20et%20al%20FILED%20%281%29.pdf

It would serve you well to actually READ the complaint and see if any of these "techniques" can be found in the videos and groups he runs and the concepts he teaches.

By the way, these characters had "very carefully crafted agreements and contracts by their attorneys" who clearly would not create invalid, unenforceable contracts." as well. The attorneys have been included in the lawsuit. Imagine that!

Anyway, since this doesn't alarm you, I would strongly suggest you set aside about $25,000 for legal fees, in case you are wrong.

For you lurkers, take the advice of someone who has been around the block for 30 years. Rather than take a novice's word for it, ask what went wrong and avoid doing those things. ;-)

Well when you state: 'Here is someone doing the things Morby teaches, the way Morby teaches' that could only be true if these people being sued have been trained by Pace Morby which means they are in the paid Subto community.
And what makes you think I have not read the complaint. I wouldn't comment if I hadn't.
Not sure whom you refer to as a 'novice' in your last post but just for clarification I've been in Subto for over 4 years. I can tell you that there aren't any teachings about how to defraud a home owner or teachings on how to build a team of title companies, attorneys and door knockers to do so.

Like most professions, there are bad apples (attorneys/title companies in this case) that are motivated by greed. 

Quote from @Matt McElhone:

Hello All! I'm seeking some information about this subject. Last year I opened a Roth IRA with Fidelity and contributed the $7,000 max, forgetting I also have a Roth with Acorns which $1,400 was contributed to through weekly direct deposit.

I had been researching my options for this scenario, but now that I have my 2024 taxes squared away I've realized that my MAGI exceeds the limit for single filers. (I'm a Realtor and ended up making 2x what I usually do last year.)

Now I'm pretty confused on what my options are. Any advice on the best route to take would be greatly appreciated. Thanks in advance! 

I agree with @Max Gallagher. Set up a solo 401k since you work for yourself. You'll be able to contribute up to $70,000 to your Roth (more if over 50) -way more than you can anywhere else. I used eQRP for mine. They are very responsive and I've have no complaints so far. Had my account almost 2 years! eQRP Consultation