Pace Morby, creator of Subto course, believes that the most important key to success is your mindset. “If you are lost in any part of your life, it’s because you don’t know what you want. We’re going to get through how to get to what you want today… and I’m going to give you a game plan on how to construct and setup your goal.” Those are Pace’s words to encourage people, beginner or seasoned investors alike, to enroll in his course and replicate his success in real estate eventually. Is it a legitimate real estate course with high quality training resources and coaching, or is it another scam? Read this Subto Review to find out more.
Subto is a real estate course that includes training and mentorship on creative financing strategies. It is named after subject to, the main financing strategy taught in the course. It was created and founded by Pace Morby along with the Rockstar Subto team in Arizona.
The Core program costs $7,800 and includes the main six-week course on subject to strategy, access to a Facebook support group, and daily coaching sessions. On the other hand, the Standard program that costs $10,800 includes all the perks of core program along with additional courses on astro flipping and probate in, virtual assistant for three months, and customer relations management (CRM) tools. Lastly, the Mastermind program that costs up to $19,000 includes all the perks from the standard program along with exclusive access to Subto events.
From the positive reviews on their site, it seems to be that the course is a good and in-depth educational program for both beginner and seasoned investors in real estate. However, it is quite expensive for a mentorship program without any done-for-you (DFY) business tools included like a website. Check out free resources online first, especially if you are only searching for possible business opportunities, before shelling out a lot of money on a more advanced but costly course like Pace’s.
Aside from the cost of the course, the capital requirement to start a real estate business is very massive itself. It is also labor extensive and requires you to either hire a sales team or be a very hardworking and charismatic sales agent yourself to close deals. If you have no tech expertise or business experience, it is not advised to start big (in this case, skip real estate first) since there are cheaper and more beginner- friendly business models that you can start on your own.
With the current pandemic situation, there is also an increase in risk involved on entering the real estate industry. From the data recorded by National Association of Realtors, there is a significant drop in home sales in April and May last year which is comparable to the abysmal levels during the financial crisis in 2007. Both listings and home-buying activities were down 40% in April last year compared to the same period in 2020.
There are also fears on overheating market due to a possible overvaluation. Such overvaluation is manifested in the massive increase of housing prices despite the lower demand. Other measures of housing demand such as online search activities and queries for agents/offers were also down sharply last year. All the data are based on the U.S. real estate market, but the same downward trend can be noticed on other countries with the most valuable real estate market such as China and U.K. In conclusion, real estate is not exactly a pandemic-proof business, and it is not recommended to enter the industry now until the pandemic ends.
Subto is not a scam. You can actually learn a lot about real estate and creative financing strategies through the course. Pace Morby is not a make-believe internet persona either. He is an authentic real estate expert with over 10 years of experience in seller financing, subject to deals, and flipping. He also has an informative YouTube channel with 46.7k subscribers and almost 5.5 million in views. However, it is important to note that a real estate business is not as easy and beginner friendly as Pace claims to be. If you are not sure if you can manage a labor and capital extensive endeavor while not being pandemic-proof, then you better look for other business models and skip Subto especially with its very expensive cost.
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