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Doc Holliday 01-14-2013 10:02 AM

Find 'n Flip
 
I'm going to a Find 'n' Flip seminar on homes this afternoon. It's a Than Merril seminar who has television shows such as Flip This House on A & E, one of those use other people's money and not your own type deals.

Myself and my electrician bud will be going. We've talked many times in passing throughout the years of going into business in this specific area, both of us being tradesmen who can do a lot of the work on rehab specials ourselves if not all, so now who know's? With a little luck something may come of this.

If there's anything specific any of you have questions on (I recall a certain few members of this forum were interested in flipping houses as well) I'll do my best retain and pass on any info I learn.

SuperJETT 01-14-2013 12:54 PM

You'd learn more from listening to Dave Ramsey's advice on this, not some BS reality show star's advice.

Use other people's money, make a bunch of money. Sounds too good to be true, right? In reality, they are the ones going to make the big money while you do the bulk of the work to get a small percentage of what's possible.

Just my opinion.

SuperJETT 01-14-2013 12:59 PM

Good reading: http://www.biggerpockets.com/forums/...seminar---free

Doc Holliday 01-14-2013 08:37 PM

I knew that going in. And upon the selling of a three day course that upon this one time was offered in and as a group discount for an amazing $197.00 ($1097.00 if not paid today) was proof positive that their financial profits deemed proprietary not from real estate itself but from the hungry and most likely gullible folk willing to pay that money.

Not saying that the skirted insight of how the game is to be played and how to keep safe knowing your exit strategy of a property (upon of course to be described in hands on lecture in further detail upon payment and attendance of the discounted three day course) will not work but it's a crapshoot at best. Use their strategy (and available finances for their "students") as they team up with you to take a fiscal advantage of your hard work. The typical pyramid scheme. One in one hundred may actually make a profit and for those who do these guys make a killing off of. They actually make a killing from the payment to attend the three day course so it's a win win for them. And funny, none of the actual guys from the show were present, all these guys and even ensuing instructors were "students" to begin with, now apparently partnered and payed for their seminar time. Guess where that money comes from..?

Eh.

paintdrying 01-22-2013 07:39 AM

I am interested. I am always getting taken along to these types of seminars. I went to one of those rich dad poor dads seminars. They actually asked me to leave. I was not going to sit there and let these people high pressure sell innocent people. They were trying to get 14000 dollars out of this guy> for what you may wonder. To sign up for their higher education classes. That is basically what the whole beginning level people talked about, signing up for the advanced classes. You would think people would stop bringing me to these seminars, maybe they like all the drama they know I am sure to start.

mitch dior 05-09-2013 12:00 AM

Interesting topic. Thanks for sharing. House flipping is, essentially, buying a house or property with the intent to sell it for a profit. But the logistics can get pretty complicated. There are a lot of decisions to make from the beginning like where should you buy? I know flipping houses was a big trend for a while there, until the housing industry crashed. However, the quantity of people doing it has begun to increase.


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