Flipsystem After 6 months

[Peter ONeill]

After spending months deciding weather or not to go with Flipsystem. Eventually I decided to bite the bullet. My day job is very time consuming and I wanted a way to get into real estate investing that I could do on the side. 

Probably naive on my part from listening to sales person, but I explained that I was pressed for time on my day job, and he told me Flipsystem only requires 3-5 hours a week tops. Which is absolutely incorrect. Using this system does not change it from being a full time job. 

First off you have about 20 hours of videos before you even begin. Then you have "validate" the deals that were supposed to be pre-validated. The most annoying bit is that this is their biggest selling point, have prevalidated pipeline of deals that you can pick and choose from. But really it's just a random spattering of dilapidated properties that may or may not work. 

So you still have to spend the time to run all the comps yourself and validate the property with the construction team. 

The most unsatisfying peace is just how unhelpful their team was. I asked a dozen times for someone to just walk me through 1 deal from start to close for a $15k product you would assume that a couple hours of one-on-one time would be included but it's not. If the system is supposed to be so simple, why can't a human walk me through it in a couple of hours. 

Anyway, I'll close with the thought that if you're motivated enough to start real estate investing, you're better off with an excel spreadsheet and staying away from Flipsystem.