SCAM Six Figure Land Flipper Kris Thomas

[Kate Brown]

Paid $30,000 for their "Six Figure Land Flipper" 6 month course to start mid-June. The business committed to provide to me a closing of 3 land deals, membership portal with everything you need from start to finish, unlimited transactional funding available, first 8,000 mailers paid (print & postage), daily live office hours, unlimited deal reviews, weekly live deal reviews, recruited & fully trained sales team (first 90 days free), discounted sales team after 90 days, recruited & fully trained operations team ready to go, discounted operations team, professional buying & selling websites + monthly hosting, professional buying & selling logos created, trello advanced templates & training, datatree research subscription, access to private facebook group. I was told this could be done in "a few hours per week". In reality this has turned out to be more than full time, I have not closed one deal and I have been in the program 6 months. I have mailed DOUBLE their required minimum number of mailers per week. On average, I have attended double to triple the required minimum of one daily live office hour per week. I am currently in debt a total of about $75,000 and they don't tell you that you should really have funds for the cost of the program and at LEAST 9-12 months because it could be that long for a deal to be closed. I didn't find this out until I started talking to others in the program and more experienced land flippers who didn't close their first deal for 9-12 months. They need to tell people this is a full time job and create a truly "plug and play" system like they claim that only requires a few hours of work per week. They don't even use a real CRM they want us doing everything manually via excel. For $30,000 and what they claim you will get this is complete scam. They have removed me from the private fb group, blocked me from all social media, and will not allow me into the daily live office hours because I started telling people about this. I have not been refunded. They also require you to split 50/50 your first 3 deals!!!  I will continue to share this so no one else gets scammed and left in debt with no deal closings.

[Don Konipol]

Quote from @William F.:

Quote from @Kate Brown:

@Kris Thomas

you should see a professional about the lying issue you have 

This is crazy!!!!!!!!!!!!!!!!!!!!!!!

Impossible to render a “judgement” without a skilled person to “cross examine” each “witness”.  I don’t have any information or knowledge about the program in question or the “guru” behind it.

I will tell you some things in general. After 40 + years in real estate, I have seen the guru industry grow from a few guys teaching others about their own success (by way of $99 seminars, $249 for “books and tapes” ) to $40,000 full mentoring programs with enrollees being mentored by “operations” personnel (who may no experience whatsoever) with marketing programs put together by one of 5 firms located in Las Vegas or Salt Lake City.  It’s what franchising industry would have looked like if they’d hadn’t chosen to self regulate and get rid of the “bad actors”. 
When someone pays $99 for a weekend seminar and the “business/investment opportunity” doesn’t work out for them they just go about their business with little concern.  When someone spends $40,000 on a mentorship program, and an additional $50,000 in operating costs, and it doesn’t work out for them they are a lot more cognizant of how the program PERHAPS wasn’t as portrayed.

The biggest problems, imo, are two. One, people should not be encouraged to borrow personally to pay for the program. This already puts them behind the 8 ball - failure rate just increased 10 fold.
Second is OVER PROMISING OF SUCCESS, and it’s cousin, UNDERSTATEMENT OF RISK, EFFORT AND CHANCE OF FAILURE.

There’s two ways to look at the situation. One, did the services provider fulfill their obligations under the contract. Any service business run by someone with half a brain that’s not a “take the money and run” scam is going to at least provide enough services  be able to make a case that they did.  But number two is more telling; did the mentoring company have reason to believe that a majority of the people it sold its mentoring service to AND performed the suggested activities would most likely fail. It’s my belief that most do know that.  AND if they stated that upfront to potential enrollees, and those people still wanted to “give it a go”, I may not have a problem with it. But I just don’t like people who sell “the American dream” knowing full well they will being leaving people unemployed and $50,000 in debt.  Leaves a “bad taste” in my mouth.