Is Pace Morby Legit? An Honest Review of His Teachings

Pace Morby has become a prominent figure within the real estate investment community, particularly recognized for his advocacy of creative financing strategies. He has gained attention for teaching methods that aim to acquire properties without relying on traditional bank loans or substantial personal capital. This article provides an overview of Pace Morby’s background, educational offerings, and public perception of his teachings.

Pace Morby’s Background and Approach

Pace Morby began his career in construction, following his parents. His early experience, including over 7,000 home renovations, provided foundational knowledge in property development. He became a licensed general contractor and established multiple businesses.

Morby transitioned into real estate investing, focusing on non-traditional acquisition methods. He specializes in creative financing techniques like “subject-to” (Subto) and seller financing, which allow investors to secure properties by taking over existing mortgage payments or having the seller provide financing. His approach emphasizes acquiring properties without significant personal credit or large cash down payments. He rebuilt his wealth through these strategies after facing financial hardship, including bankruptcy.

Morby’s philosophy centers on empowering individuals to achieve financial goals through real estate, advocating for methods that do not rely on conventional banking. He aims to help beginners and those with limited capital enter real estate investing. Morby has amassed a substantial portfolio, reportedly including thousands of properties and over $450 million in assets, utilizing these methods. He also co-hosted A&E’s “Triple Digit Flip,” expanding his public profile.

His Educational Programs and Resources

Pace Morby offers educational programs and resources on creative real estate financing. His flagship offering is the “Subto Community,” a mentorship program training in strategies like “subject-to” and seller financing. It aims to be a primary resource for individuals seeking to enter real estate without traditional financing. Programs detail how to structure deals, emphasizing property acquisition with minimal upfront costs.

Educational content extends beyond mentorship, including workshops and online resources. Morby maintains a significant social media presence on platforms like YouTube, Instagram, and TikTok, sharing real estate tips, case studies, and advice. He also hosts a podcast discussing real estate investment strategies with his students. These resources highlight the potential for investors to acquire properties without extensive personal capital or credit checks.

Morby authored “Wealth Without Cash,” a guide for new investors on utilizing “subject-to,” seller financing, and other creative finance methods. His educational ecosystem includes tools and services supporting creative finance deals, such as finding motivated sellers and managing transactions. The community fosters networking among participants, creating a collaborative environment for learning and deal-making. These offerings provide a comprehensive learning path for those interested in non-traditional real estate acquisition.

Public Discourse and Community Feedback

Public discourse surrounding Pace Morby and his programs presents a range of perspectives, reflecting positive experiences and criticisms. Many commend Morby for demystifying complex real estate concepts and making them accessible. Positive feedback highlights the practical, actionable advice, particularly for those with limited capital or credit. Testimonials frequently mention the value of the “Subto” community as a supportive environment where members learn from experienced investors and collaborate on deals.

Participants appreciate the detailed case studies and emphasis on structuring “win-win” scenarios for buyers and sellers in creative finance transactions. Some find his high-energy teaching style engaging and motivating, inspiring them to pursue real estate investing. The allure of acquiring properties without traditional bank financing is a strong draw, and many report successfully applying his strategies. These positive accounts underscore the perceived effectiveness of his methods for securing properties.

Conversely, criticisms emerge concerning the cost of his programs and the perceived difficulty of replicating his success. A common concern revolves around the financial investment required to join the “Subto” community, with some questioning the value relative to the fees. While Morby emphasizes low upfront costs for deals, the education expense can be a barrier for some aspiring investors. Additionally, some critics argue that the complexity and risks of creative financing, while presented as accessible, may be understated for novice investors.

Other contentions include the inherent risks of creative finance strategies, such as potential legal complications if deals are not structured meticulously, or challenges managing existing mortgages in “subject-to” transactions. Some feedback suggests that while the strategies are sound, executing them successfully requires significant dedication, market knowledge, and negotiation skills not fully developed through the programs alone. This spectrum of feedback suggests that while many find value in Morby’s teachings, prospective participants should consider their circumstances and risk tolerance.

Key Concepts in Creative Real Estate

Creative real estate strategies involve non-traditional property acquisition and financing, often bypassing conventional bank loans. One prominent technique is “subject-to” investing, where a buyer takes ownership without formally assuming the existing mortgage. The property title transfers to the buyer, but the original loan remains in the seller’s name, with the buyer making mortgage payments. This method often requires less upfront capital and avoids new loan origination fees.

Another creative financing method is owner financing, also known as seller financing. Here, the property seller acts as the lender, providing a loan to the buyer for the purchase. Loan terms, including interest rates and payment schedules, are negotiated directly between the buyer and seller, offering flexibility not found with institutional lenders. This arrangement can benefit both parties by allowing for a quicker closing process and more lenient qualification requirements for the buyer.

Lease options represent a third creative strategy, combining a lease agreement with an option to purchase. Under a lease option, a tenant leases a property for a specified period, with the right to buy it at a predetermined price during or at the end of the lease. A portion of the rent paid may be credited towards the purchase price, and an upfront option fee is usually paid by the tenant for the right to purchase. This strategy provides the tenant with time to build credit or save for a down payment, while securing a future purchase price.