All Forum Posts by: JD Monroe

Quote from @JD Monroe:

Quote from @Account Closed:

Quote from @JD Monroe:

Quote from @Account Closed:

Quote from @Cesar Garcia: @Himashwetha Gowda: @Chris Boselli: @Caleb Christopher:

Hello Everyone, I would like to give an honest review of the Pace Morby Mentorship. The teaching is top rate with videos to help you through every step needed to complete any course of interests. The thing I like most is the community that will be able to help you any problems you face. There are leaders all around the US to team up with if you wish to be in other markets. I have been a part of other mentorships and this one is the best.

Okay, so you buy a property SubTo. You use a gator lender which over leverages the property, so you can do a fix & flip. You save money by not getting a title report or closing through escrow and the deed doesn't get recorded.

Now you find out that there are already two loans on the property previous to your buying it SubTo. The seller's spouse pops up and says they want their share of the sale. You didn't know about the spouse.

Now, what does this "community" offer as a solution?

10 points if you even understand what this means.
  0 points and time to get a new community if they don't have a solution.

This community would teach you not to skip out on title insurance, and always close through a title company/attorney. But if you decided to do your own thing, then ask for help afterwords, they would refer you to an attorney that handles this type of problem in your area

Well, that scenario is what Pace Morby, dear leader, just did!

Just for giggles, since he is "worth millions" he says in one of his videos, ask him why he just borrowed $100,000 against his personal home from a person rather than a bank and didn't use title!! All recordings are public record - this one is recording #20230452856

What's that about?

And what is most alarming, is he didn't have a title report run for the gator lender. That seems to break a scared rule. What's going on ? How bad does this get? I hope that isn't what he is teaching the "gator community". Seems if they spent more to get a better guru, giving good advice, it would pay off in spades.

Great, but how is that relevant? You sure got him didn't you? You are a guru Sh*tting on another Guru....lol. You know as well as anyone else, thats not being taught in the group. But I have him coming on my podcast in December so I will ask him directly and give you an update.

*** Just wanting the truth brother and it seems to be in short supply.

Also, ask him why he says he had the Attorney General of the state of California on his podcast, the guy addresses himself as an investigator, not as the attorney general. There is a very big difference.

Also ask why he has unsophisticated "gater lenders" provide loans in 2nd position to overleverage his properties. Sure, he gets in without putting any of his money in, great for him, but what about the poor guy who now is in a 2nd position on an overleveraged property that they paid more for than it's worth? That isn’t “investing” or any “technique” it’s gambling. Anybody can overpay and over leverage.

Also ask him, how many Due on Sales he's had called recently, he posted a certain number and I'm willing to bet there have been lots more.

Also ask him, when someone in the SubTo Community has done what he teaches, buy a property for more than it's worth, using SubTo and then having a gator lender provide the money to cover the closing - an obviously dangerous situation - but one that he teaches, and then the Loan gets called due.

*** The house can't be sold because the house is overleveraged, the seller's credit gets destroyed with the foreclosure, the SubTo student gets sued and investigated for fraud, and the gator lender loses all of their money. ***

That scenario is not so far fetched. He just doesn't have the wisdom to know how to avoid/handle that. I've asked several SubTo students, some of who claim to be Transaction Coordinators, how to handle that and I get crickets. They don't know. If you don't know how to resolve a SubTo problem, don't teach the technique.

It's like taking school children hunting without teaching them fire arms safety.

I don’t get answers from the SubTo Community, apparently they are taught to ridicule and disparage anyone who questions “The Dear Leader”

Shall I go on? There is a lot more . . .

Well, that scenario is what Pace Morby, dear leader, just did!

Just for giggles, since he is "worth millions" he says in one of his videos, ask him why he just borrowed $100,000 against his personal home from a person rather than a bank and didn't use title!! All recordings are public record - this one is recording #20230452856

What's that about?

And what is most alarming, is he didn't have a title report run for the gator lender. That seems to break a scared rule. What's going on ? How bad does this get? I hope that isn't what he is teaching the "gator community". Seems if they spent more to get a better guru, giving good advice, it would pay off in spades.

Okay, so you buy a property SubTo. You use a gator lender which over leverages the property, so you can do a fix & flip. You save money by not getting a title report or closing through escrow and the deed doesn't get recorded.

Now you find out that there are already two loans on the property previous to your buying it SubTo. The seller's spouse pops up and says they want their share of the sale. You didn't know about the spouse.

Now, what does this "community" offer as a solution?

10 points if you even understand what this means.
  0 points and time to get a new community if they don't have a solution.