Has anyone used The “flip system” by the Martels?

[Sean Lemon]

Looking for some first hand experience about this program. As someone who works long hours and shift work, I love the idea of someone else vetting the deals for me. The hardest part for me is finding the time to locate and analyze deals while working my “9-5” and trying to be a present husband and father. Was looking for some honest reviews from anyone who’s bought in to this system. I understand there is a 15k initiation fee and $200 monthly. That doesn’t bother me. It’s worth it if they’re actually finding, sending me deals, introducing me to lenders and contractors. I see where it could save me years of experience. Thanks everyone.

[Jordan Hunter]

I join Flip System early this year, I would like to say they are over exaggerated on they advertisement and whatever you paid have 0 guarantee!

When you trying to work with them and buy their services, they will asking you to pay $15K to join, and you'll have to sign an “Agreement”, basically the “Agreement” is a disclaimer, they don’t take any responsibility on their advertisement!(Scam alert or not? Make your own judgement, I will just keep neutral here and state my experience only)

Their “Exaggerated Advertisement” which only show off the success case but never mentioned about the failed cases (which probably will be count more over the success cases)

1.They promote that most of their clients(Or they like call them “”Student”) make a bout $10K to $30K per deal.

But the reality is they have 0 guarantee on it, you most likely will lose your some money on your deals or spend $150Hr/projects make nothing. During my 6 months using their services, I lose $15K on one deal, make almost 0 on another deal, make $10k on the last deal. I found out, it is worthless to me to invest in this way. I spend $400Hr+ to manage these three projects and end up losing $5K (Plus $15K I paid them, and their service charge of total about $4K), so I lost about $25K and my 400Hr time. It just not working for me, unless I can really get access to really low price deals but unfortunately all the deals they sourcing to me is whatever I can find on Zillow.

2.They promote they will have their agents to help you, their investors to fund you, their contractor to help you rehab the property

Hmm… Isn’t it free to find some agent on Bigger Pockets(Maybe you can interview 100 if you like)? And isn’t it tons of Capital trying to lend money to you? Or millions of worker out there if you give them a project to do?
On my experience, their agent really treat me as a “student”, had very bad attitude towards me, I end up spend sometime on bigger pockets to find some other agents. Their lender, mostly like is a Broker, charges me 3.5% points fees(Why I just not directly contact a lender that only charges 2% points?), their contractor charges 30% more than other contractor in the area, which is main reason first 2 of the deals I did there not profitable (I’m just too native and, trust all the words from their agent…)

3.In their advertisement, they said Martel did over 1,000 flips

I bet that may not be true, but I have no clue, if FlipSystem you wanna sue me on this, let's proof it!

4.They guarantee you, you will have your first offer accepted in first 30 or 45 days I believe

Come on… There are millions of listing in the mid-west region, all their listings are from Zillow… Basically everybody can do that by themself…
The biggest point is, all the houses in these regions are old houses with tons of issues… I bought a house with crack foundation, that fix costs me $12k…(All because I trust the Agent telling me the contractor will help us to do the inspection and we save that $500 inspection fees)

So buying a houses in these regions are really easy, it is just there, the biggest thing is you need to have the team and source to inspect these property and fix the problem on the property.

Unfortunately, in FlipSystem’s advertisement they never mention this part, that’s like putting the inexperienced people into the big RISK!…Which I against the way they operating the business, because people will have more trouble in their life because of these.

Overall there are many “Too good to be true” advertisement they published everywhere, but the reality after I used it, I just felt like not really is what it is sound like. And they will char your money directly from getting your checking number from your bank account, and with the agreement you had with them, it is almost 0% chance you can get refunded. I don’t wanna say anything on that, but from the real process flow, they designed the payment process intentionally to block you from get refund if you are not happy or losing money in the investment…

In summary:

FlipSystem uses exaggerated advertisement but not taking any responsibility on the paid customer. (Which is literally on the contract they asked every client to sign), their services not worth the amount they asking, they don’t have too much stuff besides that you can get from free on Bigger Pockets or Zillow…

I bet not only me who lost some investment in FlipSystem, but the thing is if you post any negative messages inside their Discord Channel, you will either get a delete, block of message or even kicked out of the Discord, that’s what I see from my friend's case, that’s why I didn’t say anything inside their discord group, because it is useless.