Flip This House Seminar - Scam or Legit? How the FTC got Involved...
Another one of the online making money programs is this course. It supposedly earns you money renting out houses.
However, you can still jump in to an EXPENSIVE stock market before it crashes.
Do not cry to us if you have lost THOUSANDS of dollars and your parents are giving you shit.
This book is supposed to teach you how to make a 6-figure fortune in real estate. However, it's not possible for most people with limited budgets or student loans.
It's not true. You won't make a lot of money buying a property that only makes a few hundred dollars a month, with lots of liabilities and poor tenants.
If you want to really get rich online, (at an average of $1,500 per sale PER MONTH), check out our #1 recommendation here.
We have to be truthful in this review...
The Flip This House Seminar provides valuable information on how to make money in real estate and land big deals.
It's old AF!
The end of this article will answer many frequently asked questions about Flip This House Seminar, and how to waste money on one property.
Most importantly, I will show you how I built my internet marketing business to more than $40,000 per month mostly passively.
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!
Let's get to the Flip This House Seminar for now!
What does Flipping Houses Mean?
Flipping, also known as. Wholesale real estate investing is a type of real estate investment where the investor purchases a property to use but then offers it as an income stream.
Profit is often derived from the cost of capital improvements or rising costs in a hot realty market. An investor might buy a fixer-upper in a desirable neighborhood and make extensive renovations to it. Then, he or she may market it at a price that is reflective of its most recent amenities.
Flippers focus on the future resale of their properties and the purchase of a single home or group of properties. Investors are often looking for steady income through frequent flips.
How do you flip a house or property? You want to buy low and sell high, just like all other investments. To limit the risk to your capital, it is better to avoid a buy-and hold strategy and close the transaction as soon as possible.
The emphasis should be on speed rather than maximum profit. Because every day you pass costs you more (mortgage and insurance, property taxes, utilities, as well as additional expenses associated with home ownership). This is the most common plan, but it has many pitfalls.
Is Flip This House a Fake?
House-flipping seminars are similar to timeshare spiels. They have well-trained salespeople who aim to make you part with your money. Timeshares can be misunderstood as a weekend getaway. However, timeshare owners end up spending over $120,000 to return home with their timeshare. You will see a lot of timeshare exit companies that are still in business and help people get out of their timeshare agreements.
Similar strategies are used in house-flipping seminars. They make a lot of promises like teaching you how to flip houses and making it easy for you to get rich. They have perfected their sales presentation. Seminar presenters rarely give away the products. Consider the first workshop as an advertisement campaign to sign up for another workshop.
Flip This House is a legitimate seminar. However, no one will force you to take part in something you don't like. Be careful to not fall for the easy way to flip houses. It is hard work that takes a lot of time and skill.
Is House Flipping Really Possible?
Although it may seem easy to flip houses, it isn't as easy as it seems. Let's be real: A house flip can be either a nightmare or a success.
If done correctly, a house flip can be a great investment. You can do sensible renovations in a very short time and sell the house for much more than what you paid.
If the house flip is not done correctly, it can quickly turn the other way. There have been horror stories about house flips. These are the ones that saw a great deal turn into a property with a weak foundation and a leaky roof. A house flip may not be a good way to make money. You can end up paying thousands.
You don't want to lose money if you flip a house. Make smart investments and reap the rewards.
What is the Success Rate of Flipping Houses?
As with any other small business venture, it will take time and money, patience, perseverance, skill, and effort. You might find it more difficult and costly than you anticipated. You can end up in poverty if you try to make quick money flipping houses.
Even if every detail is correct, changing market conditions could make it impossible to accurately predict the future.
Real estate can be expensive. The home purchase cost is the first expense. Although there are many low/no down financing options, it is easier to find these deals from reputable vendors. Additionally, interest is charged if you finance the acquisition.
Despite this, flipping houses is not a very profitable venture. It will take years of hard work, sometimes costly mistakes, to succeed in real estate investing.
Federal Trade Commission Claims House Flipping Seminars Are Scam
You thought celebrity-endorsed "get rich quick using other people's money to flip houses" seminars seemed too good to be true. It turns out you're right.
In October 2019, the Utah Division of Consumer Protection and the Federal Trade Commission announced that they are charging a Utah-based company with lying to customers in order to get them to attend the business's allegedly free real estate workshops. Although the company claimed they would give tips on how to make money flipping houses at the workshop, the actual cost of those "secrets" was tens of thousands of dollars.
According to the FTC Zurixx encourages people to attend its free property seminars. They do this by using TV personalities and HGTV stars like Dave Seymour and Peter Souhleris from Flipping Boston, Christina El Moussa of Flip or Flop, Hilary, Love It, or List It, and Hilary. These celebrities are used to promise that they can help people flip the property to make money.
Andrew Smith of FTC’s Bureau of Consumer Protection says that the entire operation is a bad deal. The organization allegedly used deceptive promises of large earnings to lure customers to real estate seminars, which cost thousands of dollars.
Customers can also submit complaints to Better Business Bureau.
Are These Real Estate Seminars Worth It? What do Seminar Attendees Get?
Many workshops have been held that focus on property investing and 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."
It is easy to determine if the workshop promoters are legitimate or shady. False urgency can encourage people to rush towards the back of your room. Perhaps the speaker says, "Hold up $20" and proceeds to say that each attendee will receive a copy of the CD/book or other merchandise for $20.
These seminars on real estate are not worth the effort. If you don't want your money to be spent on something that isn't right for you, you should stay away.
Are You able to Make Money Flipping this House?
The Flip This House seminars won't make money. You can actually get involved in real estate transactions and lose your money.
Real estate is a great way to make money, but you need to be willing and able to put in the hard work required to become an investor in real estate.
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.
Flip This House - Is it a Scam?
Yes. Yes. It's a scam. It promises false promises and lures people to purchase "secrets" to quickly become rich in the real estate market.
It is possible to create a successful, profitable real estate business. But it is not impossible.
It is unlike Flip This House which only provides proof of success from actual people just a few days back.
Is Flip This Home Legitimate?
It is not. FTC has proven that it isn't legit.
But, when it comes to building a business, you have plenty of options.
You have better options than Flip This House if you want to become a real estate investor.
Remember that I do not get paid to review any programs. While I believe real estate is a great model for business, you might be leaving too much money on your table.
Steady Calls are #1 Recommendation for Making Money Online in 2022
Our review team discovered a program that is top-notch in the real estate industry!
It's not real property in the traditional sense of the word...
Flipping Houses is not scalable. You need to have multiple houses in order to make good money from real estate.
Who has the capital to start this kind of venture?
What if you were to go 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.
One YouTube video I watched had the host comment that it wasn't about making lots of money on one website, but about making a little money on many different websites.
Think of it as...
Imagine if you could make a steady stream of income by renting 10 units to tenants that you could rent for anywhere between $750-1,000 per month.
Passive income is $7,500 to $10,000 per month.
What if you invested in 100 rental units?
Instead of spending $Millions on building houses and apartment complexes, you can spend just a few hundred dollars to create websites.
These websites will then be ranked in search engines for the specific home-based services customers are looking for.
Next, offer your lead generation system for local business owners looking for customers. They will pay you for this information.
You have just built a Digital Real Estate Investment Empire which could potentially earn you 4-5 figures per month in passive income without having to spend a dime on advertising.
You will be competing with thousands, if certainly millions, of other digital real estate sellers who sell the SAME product and to the SAME customers.
After the training program is complete, you will have access to a Facebook Group that we think is better than the Flip this House group. This group is more active.
Flip This House is a different proposition. Instead of making a profit between $2000 and 5000 per property you can get 5-10X that.
Local Lead Generation is a great way to reduce competition and increase your profits by 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!