All Forum Posts by: Antoine Martel

Hey Alan, Antoine here (owner of FlipSystem and MartelTurnkey). Absolutely agree that Bigger Pockets is a great place to obtain free educational information and resources. Another thing that BP is great for is helping newer investors like Steven figure out exactly which strategy they want to pursue; so many different ways to make money in this industry (admittedly I am biased to micro-flipping as discussed on my BP episode).
I do have to respectfully disagree that simply because I have now chosen to teach people how to successfully flip homes, does not somehow eliminate my ability or past success in flipping hundreds of homes over the last decade. Personally I always want my mentors or teachers to have a proven track-record in executing the exact strategy I am looking to learn, and I don’t discount that experience just because they are teaching (David Greene from BP is a great example). @Steven Seiberlich , I hope you can find an investing strategy that aligns with your goals, and would encourage you to decide whether you want to learn by trial and error (and hopefully eventually success), or leverage a program (with coaching, mentorship, on the ground resources, and analysis tools) to help you reach those goals.

Hi guys, 

I'm a new investor looking to get into real estate for the first time. Potentially fix and flips. With no experience in this area I've been considering partnering with one of the following coaching/mentoring groups (Flip System or Flip Cheap Houses) does anyone have experience with these two? 

 Sorry for quoting on this and so many people being tagged.  I wanted to take the opposite view though.  I think Antoine has actually done a pretty good job with responding to actual clients and interested clients here on the forums.  I don't know him personally, but I think I met the father in San Fransisco some years back and I do know the business name and that they have been around for a good bit of time.  Enough time for the negatives to creep out and enter the BP universe and I don't see or hear a lot of negative about them.

I also don't see any discrepancies when you read each of his responses.  It may not be crystal clear, but the way I read it is that at one time they completed 650 deals in a year.  That is a few more than 50 a month.  They made the decision to create a new business packaging their resources at a time when they were doing 20-30 a month.  I read it like that occurred after they had grown to do 50 in a month.  I could be wrong, but that is the way i read his responses and I simply went to his profile and read his exact posts without all the rest of the thread.

For reference since Jay mentioned it, REI at one point was completing 82 properties monthly with a high of 112 closed transactions in one month. Buying, renovating, leasing and selling. So you can find on here where I my have posted that we complete 80, or I may say close to 100 deals in a month. However, right this minute, we are not closing that many a month. We are closing closer to 60 a month and had reduced our footprint when interest rates were at their highest. We will continue to grow back to close to if not greater than 100 a month, but if someone wants to know the size and scale of our company and abilities, I am absolutely letting them know we have closed right at 1,000 properties in a year.

When answering questions in a two-dimensional forum where people are asking questions, business owners try and tell a story that gives as much of a picture as possible and context is sometimes difficult or lost in the way people read the responses.  Antoine is simply a business person who sees an opportunity to create a business.  I tip my hat to him.  He gets to decide what price to charge for his service or product.  The public will decide if its needed or worth it.  And he gets to decide how to convey his history and story as long as he is not making it up out of thin air.  That part, I have no way of knowing.

But, I don't fault the guy for not responding to everyone, especially not anyone that has no real interest in hearing from him or learning about his business.  There are definitely commenters in this thread that could help Antoine and give him advice from their perspectives and expertise, but so far not much has really come across as genuine, in my opinion.  So far, I think he has done a decent job of responding to what needs to be responded to.

So far so good, they set me up with Sean Potts as my coach. He connected me with a property manager and realtor in Detroit after helping me select it as the right market for me according to my budget, goals and risk tolerance. He said he has never gotten any negative feedback back from students about those he has connected me with, and they've been good for me so far—they have already been very responsive, like within minutes, to my emails. The whole Flipsystem community communicates through Discord, and I see my questions answered almost immediately there! Including from Antoine himself. they are creating an LLC for me that will be 100% free for the first 12 months. I am still 100% fresh, but so far it seems legit and I am getting really excited.

Jumping in here, I have gone through the calls for this system as I am very interested in the Flipsystem.  After reading the above, here are my thoughts:

The flip system costs $15K one time to get in (at time of this post), and a couple hundred a month to use the proprietary CRM for managing deals.

The reason I am interested in this is it is an all in one package.  They provide vetted deal flow, multiple vetted financing providers hard money etc, multiple vetted contractors and agents, Vetted PMs and more in the target market.  He came from the turnkey space in those markets so he's offering those resources he has already been using to sell the turnkey homes.

Yes, as a few have mentioned, it is very possible to get these resources on your own but the goal here is to shortcut that.. and if you have the $ to do so you can save a lot of time...  And for those with full time W2s/families etc, that time is valuable.

Of course there is some kick back in all these but why is that an issue?  They put in the time to get the resources so you don't have to!

They also have one on one calls available for free with the mentors when you need to help with any questions and a weekly all group call and a discord for members to answer questions from experience.  Creates a good community mindset IMO. 

As for the options, there are a few exit strategies, flip and sell, flip and sell turnkey, BRRRR

If I do end up joining, I will reply back with my experience!