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Updated about 6 years ago on . Most recent reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Snap Flip latest guru seminar travelling through out the US

Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Posted

I saw the infomercial for this briefly yesterday as I had never heard of the guys who say they are HGTV stars.. and then I googled .

then I got on their web page.

they promise to teach you how to snap flip.. you need no money no credit blah blah blah..

1200 for first training  ... you find the deal they fund them.. but then if you want advanced training its 30k or more.

Same ole Same ole..

But what I did like if you just take the time to go to their website.. the disclaimer at the bottom.. completely discloses.

that they are selling seminars.. that the Money they say they are putting up is really coming from third party vendors ( code for HML)

that they do not do this.. and MOST will not make a dime.. etc etc etc.. so the disclosures are there.. 

So like with all wholesaling guru's  just remember this is all about up sell to the advanced training that they make a killing on..

And what got me thinking was Hey you can't sell property you don't own in Oregon.. and they are coming to Oregon.

But bottom line is you find the property you get a HML to finance it and you flip it.. well good luck with that in our market..

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JLH Capital Partners

Most Popular Reply

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Karen O.
  • NYC, NY
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Karen O.
  • NYC, NY
Replied
Originally posted by @Eric James:

Are these actually people from an HGTV show? I'm curious as to who they are.

Yes.  For a few years these two had a show where they looked at 2-3 properties, then compared their findings over coffee and purchased one to make their next rental.  Almost all were multi family rentals. And by the time the show ended, they supposedly had a bunch of cashflowing rental properties.  They operate out of the Minneapolis area if I remember correctly.  They met in college.  One is the lead builder/designer (Danny) and the other is the money/broker guy (Drew)

I wonder why wholesaling needed a rebranding to "snap flip".

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