All Forum Posts by: Jonathan R.

I live in a market where the median home price exceeds $500k, with similar trends in neighboring states. I'm fully aware of the intense competition, but after visiting several areas, I still believe the Midwest is worth the risk. Most of the homes I've represented here recently have been new builds, and I currently view the margins on rehabbing off-market or wholesale deals as too risky in my market.

What has really made me consider the Flip System is my own experience of making offers on 5-6 homes — each over the asking price — only to find myself among many bidders and ultimately seeing another offer accepted.

Hey Nicholas, thanks for commenting.

I realize my post doesn’t reflect my experience in helping clients buy and sell homes, but I’ve been wanting to dive into this for a while, especially living in a strong real estate market and seeing it evolve over the last 10-15 years. However, the high price points here (along with rates) pushed me to explore other markets, and that’s how I came across the Flip System. I’ve already considered investing in multi-family homes but their business model and content seemed almost too good to be true.

And I believe I’d be well-positioned to do this on my own if I were in one of the markets the Flip System targets, but what really caught my attention was the leverage they offer — network of contractors, etc. I’ve done my research on a few markets and comps over the last year but just doing my due diligence to clarify some of the gray areas that stood out to me. Hope that answers your questions.

Been researching this program and looking for honest, unbiased feedback from those who have gone through the Flip System. While I appreciate the content and how it's presented, it's tough to fully trust what’s shared on social media. The testimonials on YouTube seem scripted, and I've come across mixed reviews, which has made me question the $15k fee they charge. 

I’ve noticed a few areas of concern (or red flags) during my research that I’d like to verify after digging through forums. I’d greatly appreciate any response here in the thread. For transparency, I just signed up for BP today after hearing the podcast with Martel and do hope to clarify these points before making a final decision. @Martel, if you’re reading this, I’d love to hear your thoughts as well! This isn’t an attempt to bash your program and I’m sure others are looking to confirm the same as well. Truthfully, if the fee wasn’t so high, I wouldn’t even bother with this and maybe just take the leap of faith.

1. Marketing Shift: I’ve noticed that Martel has altered his marketing strategy, moving away from advertising a guaranteed profit on the first deal to a guarantee of helping you buy your first property. While I understand that there are numerous variables in flipping homes, this change in approach really stood out to me. I understood the previous content to guarantee a profit as a way of safeguarding members from the $15k fee. Am I wrong?

2. NDA Concern: I came across a comment in a forum suggesting that members might be bound by an NDA or a similar agreement to limit their ability to speak freely. Is there any truth to this?

3. Networking Opportunities: Despite the $15k fee, it seems there are limited opportunities to network with other members, and communication is mostly directed through Martel and his team. Is this the general experience?

4. Contractor Issues: I’ve read several posts about problems with the contractors/team provided, ranging from significant delays to neglect. Given that reliability is crucial, especially doing this remotely, how does Martel and his team handle these issues since they have “vetted” and assigned a team to you? Is there a process for changing contractors, etc. if needed?

5. Technology Concerns: I've heard mixed reviews about the technology solution offered and "pre-vetted" deals, with some saying it's unreliable, expensive with hidden fees (e.g. finder's fee on pre-vetted deal). Additionally, I'm unclear on how their ARV analysis is conducted since most properties can be found on Redfin or Zillow — does it involve an in-person visit, or is it purely data-driven using comps and suggested repairs? Trying to understand this after seeing comments on the deal pipeline.

6. $15k Fee Justification: I’m trying to understand what the $15k fee actually covers, especially since it appears that Martel and the assigned team also take a cut from every deal (contractors, project managers, lender kickbacks, etc.). There also seems to be a monthly fee for using the platform. While I assume this includes training and support (e.g. FAQ’s, etc.), what exactly is the breakdown of this $15k fee to join?

7. Deleted Comments: I’ve noticed that quite a few comments or replies have been deleted here on BP, and it doesn’t seem like the users themselves removed them. Any truth to this or is there some policy I might be violating with these questions? Will check back to see if this post is deleted.

Look forward to hearing from all you!!