Flip or Flop, Tarek and Christina's Real Estate Conference

Flip or Flop, Tarek and Christina's Real Estate Conference

Wade, NC · Member since 2016 · 4 posts · 5 votes

Just received an invitation to a Real Estate conference being held in NC.  Unfortunately I attended this conference last year and am still paying off the $6000 I paid.  They pump you up at the free 3-hour seminar then sell you a 3 day conference for $3000, with promises of 100% financing options. 90% of the people I talked to had the knowledge but not the money to invest.  Big promises are made that they have their own financers and if you buy into the program you are guaranteed to get the money you need.  The knowledge part could be covered in 2 hours, as the rest of the time is filled with fluff and success stories that pump you up.  Of course they try and sell you $20,000, $30,000 and $40,000 packages.  That blew my mind, and people did it.  And those that did not, were made to feel like losers.  First $3000 lost.  A few weeks after the conference we get a call about a program where we get our own personal mentor, familiar with our area and guarantee us our first wholesale deal within 6 months.  Another $300 lost, as we had weekly phone calls with a seasoned investor who covered a few tidbits and then you looked at houses on Zillow.  All we ever heard was make 10 offers a week, which was impossible in NC with a Due diligence clause in every contract.  Of course they were not familiar with NC real estate law, as we were told they would be.  The final step was 10 people on a conference call talking about how their business was going, and not one had had a successful wholesale deal or flip.  Total waste of money.  DO NOT FALL FOR IT.  Stay far,, far away.  

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Investor · Philadelphia, PA · Member since 2015 · 3k+ posts · 3k+ votes
10y

No offense here - but why would anyone in their right mind spend $300 or $3000 on these programs? 

Be smart with your money. That could have gone towards a down payment.

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  • Contractor · Magnolia, TX · Member since 2016 · 279 posts · 155 votes
    10y

    I love watching these bozos flip houses on TV. Some of the ridiculous stuff they get into makes me feel like a genius. I'm stunned that they are successful enough times to fill their airtime. Would LOVE to know how many times they screw the pooch instead of making a profit.

  • Investor · Minneapolis, MN · Member since 2012 · 155 posts · 41 votes
    10y

    They can screw the pooch all the time as long as they keep filling up the conference slots.  I believe about 5% of what I see on those type of shows now.  Maybe they were more realistic at the start...

  • Mount Holly, NJ · Member since 2016 · 2 posts · 1 vote
    10y

    Candace:   I would like to speak with you for a story I am writing for CBSNews.com about home flipping seminars.  Thanks, Jonathan Berr, reporter, CBSNews.com. 

  • Fountain Valley, CA · Member since 2016 · 8 posts · 4 votes
    10y

    I am actually on my 3rd day of the first seminar. Now trying to research if all the talk is worth the investment. They promise to allow me access to exclusive 100% funding etc.  I think I have yet to find anybody confirm this worth the money. I'd like to belive if I made the investment they would actually help but of course the voice in my head is telling me SCAM! They've spent the last two days telling me to ignore all I've ever learned about money and to be a GO FOR IT person and not "Hem and Haw". But again I think it's their method to get people to write a check for $20k+ without thinking. If there are any UNBIASED success stories I'd love to hear it. Ty 

  • Patrick LiskaPro Member
    Investor · Verona, NJ · Member since 2014 · 1k+ posts · 832 votes
    10y

    can't stand that show, her voice actually annoys me. i wouldn't go to any of their seminars, they probably can't make it in the business and that's the way they make money, TV made them famous not them dealing in real estate, i am sure there are a lot more successful people out there than them, it just happens they got there foot in the right door and they are exploiting that as much as they can. ( Don't blame them for wanting to make money how than can) but its at a cost of others dreams.

  • Wade, NC · Member since 2016 · 4 posts · 5 votes
    10y

    Please don't fall for it. The majority of the people in my group were military and we were all waiting to hear about this 100% financing and it never came. I asked about hard money lending and the told me yo do a goggle search. They could never come up with specific answers. We just bought our first rental using VA but my husband has to live in it for a year while we remodel and we are buying our first flip using hard money. Still paying our $6000 bill from this seminar and got not one single benefit from it.

  • Investor · Philadelphia, PA · Member since 2015 · 3k+ posts · 3k+ votes
    10y

    No offense here - but why would anyone in their right mind spend $300 or $3000 on these programs? 

    Be smart with your money. That could have gone towards a down payment.

  • Wade, NC · Member since 2016 · 4 posts · 5 votes
    10y

    You believe the hype. I would say 40% of the people at the three day conference  paid between  $25,000 & $40,000. They make a lot of promises. Thats,why I'm posting, to try and stop people.

  • Investor · Land O Lakes, FL · Member since 2016 · 15 posts · 3 votes
    10y

    Same scam as all the rest! Identical program (probably same promoters) as the so called "Yancey training". It’s all BS and hype, you’ll NEVER get the support and training that are promised and you’ll be left with no money to fund your deals. The money they promise you’ll have access to? Forgot it! It’s way too expensive, and you probably won’t qualify for it. Take a look at what’s going on with Trump University. Same issues, same business model, same scam. Seek out other investors in local RCI groups and here on BP. I speak from experience! 

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