Quote from @Steve K.:
Quote from @Miron Briley:
Quote from @Steve K.:
Quote from @Jessa Roberts:
I have built a soon to be multimillion dollar business using Paces subto and gator community. This is a family of go givers and is WAY more than a course. The community is for life and I would say the best community in real estate.
I have met and partnered with numerous students Paces leadership encourages us to network and be go givers. This type of leadership creates an unbelievable family I would call it of remarkable action takers.
I met my business partner Heather in Gator and we are now doing $20k per month in private capital partnerships, we acquired our first padsplit subto and have multiple resorts/businesses we are looking at.
Do not hesitate to join us and be one of our next partners and friends. 😉
So if we join we get a lifetime membership into an awesome community of remarkable go-giver action-takers. That's awesome. Any actual deals or measurable results that you can put on the record?
Inside the mentorship we get access to a private Facebook community, if I showed you a clip of the deals that are closed or for assignment daily it would would boggle your mind. There are teams in there that are buying 5-10 a week easy. We have 7 for assignment right now ourselves.
A large volume of properties being traded with little to no equity, to buyers with no experience or capital using subto and wraps... what could possibly go wrong? Sounds like a giant house of cards. What if we start to see property values going negative (which we are currently in many sub-markets). Yikes. Lot's of risk here for the sellers if these rookie buyers start to default, am I wrong? Questionable strategies can work in a booming market, which we've had over the past few years, but no longer have.... playing with subto in a declining market is like catching falling knives.
You seem like a peach!!
Taking over a 3.5% interest rate paying $1,400 monthly piti and getting $2,200 a month on rent. Who cares if the equity goes down, am I making money?
How does the 'no equity' make a house payment default ? "am I wrong?" Sorry, Yes you are wrong.
Your little blurb has plenty of idoms but no real backing.
The person who is suffering is the seller you can't help as an agent because their home went down in value and has to become a landlord all of the sudden because you won't take a look at this as a solution. Yikes. Lots of risk for default for your sellers who have higher payments and rent rates haven't caught up. 😬
