House flipping business plan scam alert

Market Research Next, you are going to want to take a look at the market and decide where the best place to flip will be. Every market is different, so you need to have a good handle on the market you plan to flip in. Ask yourself these questions: How much are average homes selling for?

House flipping business plan scam alert

Due to the extreme cost of the Than Merrill Mastery program this post will be both a review and a comparison. From flipping footballs to flipping houses - neat! But can he really teach a peson to become a successful real estate investor, or is it just a scam.

Top 5 Must-Haves For Flipping Houses

Read on, then decide for yourself though we will add our opinion. Any act, expression, omission, or concealment that deceives another to his or her disadvantage" That is an accurate definition of a scam. Here are a few facts, and how he stacks up against a low cost, top-rated real estate investing course, "The Simple Man's Guide to Real Estate" by veteran investor Bill Vaughn.

Take a close look To get a comprehensive education in real estate investment from Than, his FortuneBuilders Mastery program is what you will need to sign up for.

But that will cost you - big time!

The Basics

Seminars, boot camps, escalating costs - so far it looks like he makings of a scam. Like most "gurus" Than Merrill uses high-pressure sales gimmicks like infomercials and seminars to hawk his program.

Bill Vaughn does not use such gimmicks - the success of his clients results in word-of-mouth referrals. The success of the student, not the guru, is the ultimate proof that the course delivers the goods.

The fact that Than has to keep doing infomercials would indicate that his program is not effective enough, his students not successful enough to result in enough referrals. Of the 22 tried and true legitimate methods of real estate investing, Than Merrill and his FortuneBuilders primarily teach only a couple - rehabbing and flipping foreclosures, which has very limited applications, and also requires availability of cash and good credit - two things that most people looking for financial security do not have.

Having only one or two methods of investing is not a good plan - markets and economies change. A method that works well in one market type may be a complete bust when the market changes. Bill Vaughn teaches all 22 methods, in clear detail.

No matter what the current economic conditions, you will have strategies that will make you money.

Flipping Houses: The Ultimate Step by Step Guide

A successful investor starts with a well stocked toolbox. Than's FortuneBuilders ran afoul of the Better business Bureau until he agreed to clean up the misleading hype to reflect something more in tune with reality.

At that time the BBB thought it to be a scam. The exorbitant cost of his program can be directly attributed to the cost of the mentors, the costs associated with running infomercials and radio ads, and hosting the "free" seminars.

) Educate Yourself on Flipping Houses

In comparison, "The Simple Man's Guide to Real Estate" has none of those costs - their qualified mentors are volunteers, and they don't run infomercials, advertise on radio or host seminars - they start right out with the training, not with salesmen trying to upsell you to the next level.Jul 17,  · Mike Warren Business Flipping / The whole program is a fraud.

1 Sydney, New South Wales, Australia Review updated: Jul 17, 1 comments. We paid $ for membership to Mike Warrens - Flipping Business (of Colorado Springs, CO USA) They promised us access to their strong team to help us to buy businesses to, improve them and 1/5.

As such, a business plan is essential. To make the process as easy as possible, we have created an editable house flipping business plan that you can downlaod, but we do encourage you to read the rest of this article first.

house flipping business plan scam alert

The house flipping business plan will do the following for you: It will force you to turn your vague ideas into concrete thoughts. Special Report: How Much Money Do House Flippers Make?

How Smart Real Estate Investors are Flipping Houses in How much money do house flippers make? According to RealtyTrac's Quarterly Home Flipping Report, investors made an average gross profit before expenses of $60, per flip in Q3 of and an average of .

From flipping footballs to flipping houses - neat! But can he really teach a peson to become a successful real estate investor, or is it just a scam. Read on, then decide for . Mar 13,  · Flipping Vegas Star Scott Yancey Accused of Real Estate Scam The Stars of Flipping Vegas Are Accused of Leading a Shameful Real Estate Scam you could invest in your first house — or two Home Country: US.

12 Investigates: House flipping seminars. By Curt Autry, Anchor. the Better Business Bureau put out a warning about what it called the companies "predatory business practices." FIRST ALERT.

Than Merrill & Fortune Builders Scam Review