Lessons Learned: My Experience with The 'Flip System'

[Matthew Estrada]

Hello everyone,

I recently read a post and wanted to share my experience with The “Flip System”, as I believe transparency is crucial when considering investments like this.

I come from a blue-collar background as a first responder in Los Angeles, and I was drawn to Flip System due to the promise of having deals vetted and presented to me, as well as receiving education on how to fix and flip, implement the BRRRR strategy, and sell turnkey properties. This approach seemed ideal given my demanding schedule. I paid a substantial $15,000 initiation fee to join this community and was assigned to invest in a Midwest City.

Initially, I was optimistic as I was provided with a General Contractor and Real Estate Agent for my team. However, things quickly took a turn for the worse. The real estate agent I was assigned passed me off to someone else without explanation, and the general contractor stopped communicating with me once I had my first deal under contract. I had to rely on my new real estate agent to find another contractor, adding unnecessary stress to the process.

The deal I was presented with had an ARV of $120,000, but after the rehab, the appraisal came in at only $92,000, leaving me short by $28,000. Furthermore, I later discovered that the property was located in a C- neighborhood, which was not disclosed upfront. Currently, I'm struggling with an eviction on this property and have not made any profit. To add insult to injury, I was charged an additional $1,000 for Flip System providing me this problematic deal.

My disappointment continued with the lack of educational value provided by Flip System. Despite paying a substantial fee, I found that beyond basic instructional videos and repetitive weekly calls, there was little substance to aid my learning. Learning by doing and teaching is my philosophy, and unfortunately, this system did not facilitate that process.

I truly wanted this endeavor to succeed and even expressed my gratitude by sending Fire Station shirts to the Flip System crew. However, my experience has been disappointing, and I deeply regret investing $15,000 that I could now desperately use.

Based on my firsthand experience, I would caution against expecting Flip System to deliver on its promises of support, education, and profitable deals. If you have any further questions or would like more details about my experience, please feel free to reach out.

Thank you for reading, and I hope my story helps others make informed decisions.

Best regards,

Matt

[Jay Hinrichs]

remote rehab is the highest risk en devour basically in all of RE. ESPECIALLY at the price points your talking about.. I dont have much specific advice to help you with this one as it appears you may have just blindly trusted the system you bought into and now find yourself in a pickle.

with these types of assets it rarely gets better so careful throwing good money after bad.

U may need to just liquidate and and regroup.

I dont suppose the company you paid for all this education and system is stepping up for you hear in a financial way ?? or are they. ??