Seeking Honest Feedback On FlipSystem

[Jonathan R.]

Been researching this program and looking for honest, unbiased feedback from those who have gone through the Flip System. While I appreciate the content and how it's presented, it's tough to fully trust what’s shared on social media. The testimonials on YouTube seem scripted, and I've come across mixed reviews, which has made me question the $15k fee they charge. 

I’ve noticed a few areas of concern (or red flags) during my research that I’d like to verify after digging through forums. I’d greatly appreciate any response here in the thread. For transparency, I just signed up for BP today after hearing the podcast with Martel and do hope to clarify these points before making a final decision. @Martel, if you’re reading this, I’d love to hear your thoughts as well! This isn’t an attempt to bash your program and I’m sure others are looking to confirm the same as well. Truthfully, if the fee wasn’t so high, I wouldn’t even bother with this and maybe just take the leap of faith.

1. Marketing Shift: I’ve noticed that Martel has altered his marketing strategy, moving away from advertising a guaranteed profit on the first deal to a guarantee of helping you buy your first property. While I understand that there are numerous variables in flipping homes, this change in approach really stood out to me. I understood the previous content to guarantee a profit as a way of safeguarding members from the $15k fee. Am I wrong?

2. NDA Concern: I came across a comment in a forum suggesting that members might be bound by an NDA or a similar agreement to limit their ability to speak freely. Is there any truth to this?

3. Networking Opportunities: Despite the $15k fee, it seems there are limited opportunities to network with other members, and communication is mostly directed through Martel and his team. Is this the general experience?

4. Contractor Issues: I’ve read several posts about problems with the contractors/team provided, ranging from significant delays to neglect. Given that reliability is crucial, especially doing this remotely, how does Martel and his team handle these issues since they have “vetted” and assigned a team to you? Is there a process for changing contractors, etc. if needed?

5. Technology Concerns: I've heard mixed reviews about the technology solution offered and "pre-vetted" deals, with some saying it's unreliable, expensive with hidden fees (e.g. finder's fee on pre-vetted deal). Additionally, I'm unclear on how their ARV analysis is conducted since most properties can be found on Redfin or Zillow — does it involve an in-person visit, or is it purely data-driven using comps and suggested repairs? Trying to understand this after seeing comments on the deal pipeline.

6. $15k Fee Justification: I’m trying to understand what the $15k fee actually covers, especially since it appears that Martel and the assigned team also take a cut from every deal (contractors, project managers, lender kickbacks, etc.). There also seems to be a monthly fee for using the platform. While I assume this includes training and support (e.g. FAQ’s, etc.), what exactly is the breakdown of this $15k fee to join?

7. Deleted Comments: I’ve noticed that quite a few comments or replies have been deleted here on BP, and it doesn’t seem like the users themselves removed them. Any truth to this or is there some policy I might be violating with these questions? Will check back to see if this post is deleted.

Look forward to hearing from all you!!

[Jay Hinrichs]

Quote from @Jonathan R.:

I live in a market where the median home price exceeds $500k, with similar trends in neighboring states. I'm fully aware of the intense competition, but after visiting several areas, I still believe the Midwest is worth the risk. Most of the homes I've represented here recently have been new builds, and I currently view the margins on rehabbing off-market or wholesale deals as too risky in my market.

What has really made me consider the Flip System is my own experience of making offers on 5-6 homes — each over the asking price — only to find myself among many bidders and ultimately seeing another offer accepted.

everyone is fishing out of the same pond if you think some system is going to tie you in to super secret inventory that is way below market.  folks dont leave money on the table and in most scenarios you will pay more than others with the super secret inventory.. Keep in mind these are razor thin margins in areas were retails sales are slow and or basically never sell for what you think they will sell for.. they always sell for less.  But sounds like your determined to try it and good luck hope it works for you and do check back in and let us know how it goes.