Bought a training program from the Flip or Flop cast

[Jimmy Samai]

Greetings, I went to a summit today hosted by Daymond John in Bethesda, MD. I learned a lot of great and inspiring things. I am looking to get into real estate wholesaling and they had great speakers there. One of the speakers were Tarek and Christina El Moussa who host flip or flop on HGTV. They are offering a 3 day class that cost $5000, but if you purchased it at the summit it'll only cost $997, and you have the option of bringing a +1. They work through selling your first deal, and coach you as well. They also have a money back guarantee. You get 100% of your tuition returned if you do not close profitable deals in the first 6 months. I decided to invest in myself, and try this out. I am a 22 yr old senior at University of Maryland College Park, and I am really interested in Real Estate, and I would like any opinions on this class or is it a scam. I don't really have a support system (hence i've been on my own since age 14) so I go out seeking opportunities on my own, and calling various people for advice. 

[Steve Vaughan]

At least it was only $997.  Definitely expect  a hard up-sale to a more expensive program later.

I saw reps of these guys locally last year.  They gave horrible advice about wholesaling and tax sales for my state and county.  They didn't know we have excise transfer taxes or that our county doesn't handle tax delinquencies like they were 'educating' us about.

In my case, $997 would cost me over $14k on a $300k deal done wrong and waste hours trying to do the impossible.    Learn about closing costs and tax sales in your county specifically.  This is a national cookie cutter guru system. RE transaction costs and customs are regional. Know that going in.