Flip System vs. Flip Cheap Houses

[Steven Seiberlich]

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? 

[Alan F.]

Quote from @Antoine Martel:

Quote from @Alan F.:

Quote from @Steven Seiberlich:

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? 

 Merely my personal opinion, no. Some people have had good results with GURU  trained, most have not. If you have a propensities for business, then flipping can be lucrative. BP provides alot of free information & there a litany of good books to read on the subject. Liquidity is important in the flipping business, so I'd hang to as much cash as possible. 1 thing to note;

Those who can, do. Those who can't teach.

Very best of luck to you in your endeavors! 

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.

 Hey Antoine, the quote "those that can, do and those that can't, teach" is by George Bernard Shaw. I think around the early 1900's. I think it's rather poignant and not without merit. That being said I apologize if it came off as derogatory.

Its great having you on this forum, 46 years (32 as a licensed contractor) have taught me that I have much still to learn. I appreciate having a high level flipper like yourself to answer questions. 

Why do so many flippers do code illegal, unpermitted work? Why do they seek out unlicensed labor? Why don't they disclose this upon sale? I think they put themselves (and the home buyers) at risk.

What do you think the affect on flipping in CA will be from AB 968? Will laws like this go national?

My concerns are genuine in that I think flipping is a great way to upgrade Americas dilapidated housing stock and make money. I sincerely don't understand why people would want to do substandard work. Let alone sell it.

I, like you, want to help others not make mistakes. I look forward to having you share your expertise.