It’s an appealing proposition: buy a run-down house, spruce it up, and tempt a new buyer to make an offer you can’t refuse. The ultimate product of a flipped home is enticing, with everything from shining hardwood floors to an open-concept chef’s kitchen.
Flipping houses look fun, exciting, and lucrative, as Peter Souhleris and Dave Seymour of Flipping Boston try to show us.
But is this a suitable business model for you? Is it worth it to engage in their seminar? Are Peter and Dave the real deal? Let’s see!
This review will go over The Flipping Formula to see if it really is the best real estate flipping course out there.
You’ll learn whether real estate flipping is the right online business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding The Flipping Formula and real estate flipping in general.
But most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
This system made them swear off real estate flipping for good, because it uses some of the same skills but in a much more powerful and profitable way!
The Flipping Formula, a training program that teaches people how to start a real estate investing business, is hosting multiple basic training workshops in the country.
The course was developed by Peter Souhleris and Dave Seymour, stars of A&E’s hit house flipping show Flipping Boston, and is based on the tactics they employed to grow their successful real estate firm.
Pete and Dave created their real estate investing company during one of the worst housing situations in United States history. They used these most challenging economic times to rise up. Their success is based on their one-of-a-kind house flipping formula.
According to Peter, they know it’s the perfect time to enter the market when others are frightened to buy. They don’t buy houses with standard lines of credit; their lenders cover the transaction. If it’s a good deal, they’ll fund it regardless of the market.
Potential house flippers can make a significant profit even in low-cost locations. Three Rochester-area neighborhoods were just included in 24/7 Wall St’s list of the 10 Most Affordable Neighborhoods with the Best Schools.
According to the survey, excellent schools often translate into higher housing prices.
The survey emphasizes that the location is particularly desirable for potential homebuyers. As an investor, you can earn a significant profit by purchasing the neighborhood’s ugly duckling.
Dave and Peter buy the house no one wants and renovate it to become the nicest house on the street. Investors can benefit even in undervalued markets.
The following are some of the highlights of The Flipping Formula seminar:
The Flipping Formula is a real-estate method that offers the Five-Step Strategy Guide, in which the creators, Peter Souhleris and Dave Seymour, have had success.
These two people have formed a partnership and have claimed that they have bought and sold millions of dollars in real estate ventures.
In brief, the partnership concentrates on purchasing houses and refurbishing each one to create a fully finished, upgraded, and newly designed home.
Both have indicated that money is not a concern in their personal lives.
Peter and Dave, on the other hand, do not keep their knowledge to themselves. They provide not only Online Resource Centers but also in-person seminars.
Wealth, prosperity, and beautiful mansions sound like the idealized image of life.
I investigated and compiled evaluations on this topic to create the study behind this strategy, to see if this is exactly what real estate investors are looking for.
Peter co-founded CityLight Homes & The Flipping Formula, a nationwide real estate education program. Growing up in Lynn, where he developed an interest in architecture, part of his background.
His enthusiasm pushed him to pursue a degree in architecture at the Wentworth Institute in Boston. He got a job at a small company after graduating.
However, he intended to pursue his hobbies further, which led him to the choice to establish his own company. He specializes in house design, and several big television networks seek his advice.
As a result, Pete and Dave created the A&E show Flipping Boston.
Moreover, in addition to his own business, he and his wife founded the Christian Angel Smile Foundation in 2007. He and his wife, Desi, distribute food and other necessities to children in need during the holiday season. Peter is also a DJ, which is an exciting detail about him.
Appearances on major television networks include CNBC, CNN, CBS, and The Today Show, Rachael Ray, and A&E.
Dave Seymour is the co-founder of CityLight Homes & the Flipping Formula. He previously ran his own construction company before partnering with Peter to launch CityLight Homes.
This aided him in perfecting his construction and project management approaches. Pete and Dave created the A&E show Flipping Boston.
He also worked as a medic and a firefighter for the Lynn Fire Department for fifteen years. Dave is originally from London and emigrated to the United States in 1986, which is a fun tidbit about him.
In 2008, he attended numerous real estate investing programs and was asked to teach the fundamentals to many people in the United States and Canada.
His wife and three sons join him. Appearances on major television networks include CBS, CNN, CNBC, FOX, and The Today Show, Rachael Ray, and A&E.
Desi Soulheris, Peter’s wife, has also been active in CityLight Homes and the Flipping Formula. She contributes to the design of the homes. She has also been approached for her thoughts and was featured on the A&E show Flipping Boston.
Pete and Dave are working on a video blog & an education center website, which will be available soon! If you can’t make it in person or don’t want to miss out, this is the way to go. The length of the courses will vary, as will the level of difficulty! Also, I’ve heard of case studies that can analyze each student’s deal!
The Flipping Formula’s 3-day Bootcamp will teach you:
In two action-packed days, a well-trained mentor will accompany you. One-on-one training to help you reach your goals and start on the right track. Meet with a mentor in your city, state, and time.
Las Vegas, Nevada, is the location of the Investor Summit Experience. The following are examples of reviews:
“This is the best three days of real estate instruction. You’ve got to see it to believe it.”
“This was very gracious of you, and I truly appreciate your ‘gift’ of teaching us this wonderful information.”
“I’m blown away by the quality of the education, trainers, and substance. Excellent work!”
“This has refocused me and will assist me in taking it to the next level.”
Identifying reliable sources for real estate flipping seminars is essential when looking for houses to flip for a fast return, especially in high-demand cities such as Las Vegas, Pittsburgh, and Miami.
The Better Business Bureau even advises individuals to conduct their homework before attending a flip houses seminar, as many attendees believe they were misled or succumbed to sales pressure, paying thousands of dollars to obtain access to more training.
Unfortunately, some house flipping workshops target economically poor areas where the real estate market offers little opportunity for financial gain.
While many in the house flipping seminar markets use strategies such as free entry and glittering door prizes to get people to attend, the services, tools, and information supplied are not free for long.
Let’s be honest: flipping houses is a dangerous business that, in some markets, isn’t worth the risk. According to Time Magazine’s money section, 13% of flipped properties sold with no profit margins or at a loss before expenses.
You can determine how you want to get in on the real estate action by looking at overall expenses (which are not always easy to find), given services, information, and user evaluations of house flipping seminars. Nonetheless, there is always cause for caution when paying for anything that promises to make you quick money.
While there are numerous house flipping seminars to pick from, it is critical to remember that not all real estate markets act the same way. Because real estate is an investment, you must have money to begin with, and a solid credit rating to qualify for lending programs with competitive interest rates.
None of these real estate flipping seminars, including The Flipping Formula, can make money appear out of thin air, nor do they advertise that. If you decide to attend a house flipping seminar, make an informed decision and invest wisely.
So the answer is yes, investing in real estate can make you money, but it requires own money from your pocket too.
There’s a lot that comes along with real estate flipping that many people struggle with to achieve financial freedom and create real wealth.
Now, don’t get the wrong idea…
It’s not impossible to make money with real estate flipping, but if you’re gonna put in the amount of grueling work to do this business (which, trust us, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
The program that helped skyrocket many online businesses to over $40,000+ per month is so simple that making money really does become second nature.
The Flipping Formula is not a scam. It includes valuable information for flipping real estate real estate investors.
It is entirely possible to build a profitable, successful real estate flipping business… But there are better ways to build a business other than with real estate flipping.
Because unlike what you might find with The Flipping Formula, it actually provides real proof of real success from real people as recently as a few days ago.
The Flipping Formula is legit.
Keep in mind, I don’t get paid to promote any of the programs I review.
I personally think real estate flipping is a great business model, but you could end up leaving way too much money on the table.
Where this The Flipping Formula 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 Flipping Formula group in our opinion. This group is much more active.
Unlike The Flipping Formula, where you’re profiting maybe $250 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!