Flip This House Seminar Scam Or Legit? Why The FTC Got Involved...
It’s another one of those making money online programs that is centered around selling a clapped out course that supposedly makes you money by renting out houses.
But hey, if you wanna jump into an EXPENSIVE market right before it crashes…
Don’t come crying to us when you lose THOUSANDS and your parents give you shit.
It’s supposed to show you how to become a 6-figure real estate mogul…but it’s truly out of reach for most people like you, constrained by budgets and student loans.
That’s just the truth…you won’t get rich by purchasing one property that only profits a couple hundred a month with loads of liabilities and shitty tenants.
And while we have to be honest for this review…
Flip This House Seminar does come with some very helpful information to make money through real estate and land some massive deals…
But it’s outdated AF!
At the end, I’ll answer some of the most frequently asked questions regarding Flip This House Seminar and pussy-footin’ around with wasting money on a single property in general.
And most importantly, I’ll show you the exact system I used to build my own internet marketing business to over $40,000 a month in mostly passive income.
This system made me swear off Real Estate for good, because it uses some of the same skills but in a much more powerful and profitable way!
But more on that later.
For now let’s hop into all things Flip This House Seminar!
Check Out This Simple Way To Run A Digital Real Estate Empire Online
This is so simple, it should be illegal.
Table of Contents
What Does Flipping Houses Mean?
Flipping (a.k.a. wholesale real estate investing) is a kind of real estate investment method where an investor buys a property not to utilize but offers it for an income.
The profit is usually produced from cost appreciation resulting from a hot real estate marketplace where costs are rising quickly or from capital improvements made on the property—or maybe both. For instance, an investor may buy a fixer-upper inside a “hot” neighborhood, make considerable renovations, then market it at a cost that reflects its latest amenities and appearance.
Investors who flip properties focus on subsequent resale and the purchase of one home or a group of properties. Many investors try to make a constant flow of income by carrying out frequent flips.
So how can you flip a home or property? In simple terms, you really want to buy very low and sell high (like nearly all other investments). But rather than follow a buy-and-hold strategy, you finish the transaction as quickly as you possibly can to restrict the amount of period your capital is at risk.
Generally, the emphasis must be on speed instead of maximum profit. That’s because every day that passes costs you more money (mortgage, insurance, property taxes, utilities, along with additional expenses related to homeownership). That is the typical plan, although it includes many pitfalls.
Is Flip This House Fake?
House-flipping seminars, much like timeshare spiels, are loaded with well-trained salespeople whose goal is usually to help you to part with your cash. Regarding timeshares, individuals may believe they are simply registering for a free getaway weekend, only they somehow end up investing over $120,000 by returning home a timeshare owner. (Note the proliferation of timeshare exit businesses that remain in business, helping get people out of their timeshare deals.)
House-flipping seminars work with similar tactics. The organizers make loads of promises, like coaching you the strategies of getting rich flipping houses. They’ve got their sales presentation right down to a science. But seminar presenters seldom give the products for free. Think about the first workshop as an advertising campaign to sign on for another workshop, one which won’t be free.
So yes, Flip This House may be a legitimate seminar, and no one will actually force you to sign up for something that you don’t agree with. But still, be very careful not to be lured in with false promises and easy ways to flipping houses because that thing requires lots of hard work and skills.
Does House Flipping Really Work?
Flipping houses may look simple, but it is not as simple as it appears. Let us be honest: A house flip may be either a disaster or a dream.
Done the proper way, a house flip could be an excellent investment. In a short period, you can make sensible renovations and market the home for a lot much more than you paid for it.
But a house flip can also quickly go the exact opposite direction in case it has been handled the wrong way. We have all seen house flipping horror stories—the ones where what looked like a great buy turned into a home with a shaky foundation along with a leaking roof structure. After all, a house flip might not allow you to make money. It actually can set you back thousands.
If you choose to flip a home, you do not want to lose cash. You want to make smart investment and enjoy the benefits.
What Is The Success Rate Of Flipping Houses?
Like every other small business, the endeavor will require money and time, persistence and patience, effort and skill. It’ll probably end up being more challenging and costlier than you previously imagined. Take it gently at your peril: If you try to get wealthy fast by flipping a house, you can wind up in the poorhouse.
Even if you get every detail correct, the changing market conditions might dictate that each assumption you made at the start shall be invalid in the end.
Dabbling in real estate is costly. The very first cost will be the home acquisition cost. While low/no cash down financing claims are many, discovering these offers from a respectable vendor is much easier said than done. Furthermore, in case you are financing the acquisition, you are paying interest.
- Flipping houses is a business like any other: It requires planning, knowledge, and savvy to achieve success.
- Common errors novice real estate investors make are underestimating the time or money the project will need.
- Another blunder home flippers do is overestimating their knowledge and skills.
- Sound judgment and patience are critical in a timing-based business similar to real estate investing.
With that being said, the success rate of flipping houses is very limited. And if you are new to real estate investing, it will require years of hard work and sometimes costly mistakes to be successful at this venture.
Federal Trade Commission Claims House Flipping Seminars Are Scam
Did you think those celebrity-endorsed “get rich quick by making use of other people’s cash to flip houses” property seminars appeared to be too good to be true? Well, it seems you are right.
The Utah Division of Consumer Protection & the Federal Trade Commission announced in October 2019 that they’re charging a Utah-based organization with allegedly lying to customers to persuade them to go to the business’s allegedly free of charge real estate workshops. The company promised to hand out the tips for generating money flipping houses at the workshop but, in reality, charged tens of thousands of dollars for said “secrets.”
Based on the FTC, Zurixx entices individuals to go to its “free” property seminars by utilizing TV personalities and HGTV stars, like Peter Souhleris and Dave Seymour from Flipping Boston, Christina El Moussa from Flip or Flop, Hilary from Love It or List It. They use these celebrity endorsers and promises that attendees can discover the right way to flip properties to earn money.
But according to Andrew Smith of FTC’s Bureau of Consumer Protection, the whole operation is a bad deal, with the organization allegedly using deceptive guarantees of huge earnings to lure customers into real estate seminars costing thousands of dollars.
Other customers submit their complaints to Better Business Bureau.
Are These Real Estate Seminars Worth It? What Do Seminar Attendees Get?
We have been to many workshops dealing with property investing, not just flipping. Some are scams, but they’ll each provide you with tidbits of info that will point you to think that the method they’re marketing is feasible, BUT…if you “buy this particular course/book/mentoring program.”
A simple method to make sure whether the promoters of the workshop are scam or legitimate is whether they provide a limited-time deal (the first 30 people that… a.k.a. false urgency) and motivate individuals to hurry towards the back of the room. Or maybe if the speaker states, “Hold up a $20 bill” after which proceeds to suggest that every attendee will get a copy of the book/CD or any other merchandise that would usually cost you a lot more for just $20.
So no, these real estate seminars are not worth it. Stay away if you don’t want to be lured in to something you are not prepared to spend on.
Can You Make Money With Flip This House?
Flip This House seminars can’t make you money. In fact, you can get into real estate transactions without really understanding what you are getting yourself into and eventually lose money.
You can certainly make money with real estate, but if you’re gonna put in the amount of grueling work to become a real estate investor (which, trust me, isn’t easy), you might as well bring in some REAL money.
The program that helped skyrocket my online business to $40,000+ per month teaches some of the same real estate skills, but shows you how to monetize them in a much, MUCH more profitable way.
Is Flip This House A Scam?
Yes. It is a scam! It offers false promises and lures you to buy “secrets” into getting rich quickly in the real estate market.
It is entirely possible to build a profitable, successful real estate business… But there are better ways to build a business other than with real estate.
Because unlike Flip This House, it actually provides real proof of real success from real people as recently as a few days ago.
Is Flip This House Legit?
No. It is not legit and this is proven by FTC.
But, when it comes to building a business, you have plenty of options.
And even if you’re dead set on becoming a real estate investor, you’ve got way better options than Flip This House.
Keep in mind, I don’t get paid to promote any of the programs I review. I personally think real estate is a great business model, but you could end up leaving way too much money on the table.
What Is Our Top Recommendation For Making Money Online In 2021?
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense…
Where Flipping Houses falls short is in scalability. Because in order to make a good amount of money with real estate, you have to own several different houses.
And who has that kind of capital to start?
But what if you went local?
With Local Lead Generation, you will be getting service requests from multiple sites at every minute of the day from people who are willing to pay a lot of money for what you can provide them.
I was watching a YouTube video once where the host made a comment that it isn’t about making a lot of money from one website… it’s about making a little bit of money from lots of different websites.
So, think of it this way….
What if you could have streams of investment income where you operated 10 rental units that you could charge anywhere from $750-1,000 per month?
That’s $7,500-10,000 per month in passive income!
What If You Invested Into 100 Rental Units?
But instead of spending $Millions to build houses or apartment complexes… you spend a couple hundred dollars to build websites.
You then get those websites ranked in the search engines for specific home-based services that customers are searching for.
Next, you offer your lead generation system to local business owners who are looking for customers and are willing to pay you for their information.
You’ve just created a Digital Real Estate Investment Empire that is potentially earning you 4-5 figures in PASSIVE INCOME on a monthly basis without spending a single dime on ads.
With conventional digital real estate, you have to compete with thousands, if not millions of others who are selling the SAME product to the SAME customers.
Once the training program is completed you will also have access to a Facebook group much better than the Flip This House group in our opinion. This group is much more active.
Unlike Flip This House, where you’re profiting maybe $2000 – 5000 per property, you could be getting 5-10X THAT.
With Local Lead Generation, the competition is virtually nothing and your profit margins are 85-90%.
Now, I could go on and on, but I’m sure you have tons of questions about how to create Digital Real Estate assets and start building YOUR digital empire!