All Forum Posts by: Tim Blanchard

Purchasing a property subject to is complex, you first and foremost need to get educated on proposing this and what it actually holds you and the seller liable for. This is not a traditional transaction by any means and you need to understand it fully.

Hi Evan , I am a current student and honestly think this is the best investment I made for myself. Subto teaches everything to do with real estate, but also mindset, how to buy business creatively. It's absolutely insane the amount of Value Pace brings. It's overwhelming and I love it. 

@Tim Blanchard The lender is paying the taxes. There is nothing you can do, assuming heirs don't want to deal with it which is likely, you'll have to wait until they foreclose…then you could buy as an REO. Fannie will require a sales price of at least 95% of a current fha appraisal at that time…at least for the first 3-6 months anyway.

What did the county's property tax website state?
You can also see if it's behind on payments.

I've been in the Pace Morby mentorship for about a month now. I'm so glad I joined I wish I had more free time to join in on more of the live zoom calls. Every weekday there about 5 to 7 zoom classes you can learn from and practice calling sellers. On the weekends there are also zoom calls so If you have time on the weekends you can catch those. The mentorship training classes are short and straight to the point, but the zoom calls are more like friends collaborating so they can go on for hours sometimes. I honestly don't know how Pace has time for a normal family life, he seems to be constantly on zoom calls with and traveling to meet people in his community. I haven't seen anyone give so much to their students and Pace constantly goes above and beyond what the mentorship includes. I wasn't super crazy about setting up my company right away since I don't own any property yet, but I guess that's the best route to take. It was close to 10K to set up the trust, will, LLC's and tax account. So now it's up to me to take the action and get the phone calls going to prospective sellers. Another nice thing about being in the community is the discord channel that keeps you constantly connected to thousands of other students and lenders
nationwide in the mentorship, so getting help with a deal or advice is just a matter of typing into the discord channel and getting replies from other more advanced students. Another cool feature is the Elephant challenge which happens quite often and lasts for a few days. People can see these on Youtube without a mentorship and it's a great way to learn a few things while you're trying to decide if you want to jump into the pool.  If I could go back and choose again, Yes I would still join. No regrets here.

How many properties do you have?

If just one you are jumping the gun on needing any of this.

There are plenty of members who are making a killing in subto. A lot of them are off running their own businesses at this point. It comes down to how much action you take and it’s also not a priority to justify our business to those on the sidelines!