Has anyone joined the group "snap-flip"?
What do they charge to be a student? Is it just 1.65% of your total profits?
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#2 All Forums Contributor
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questionable would be my take.. make money on your subscription.. those offering private lenders are to be check out thoroughly private lenders generally are private thats what makes them private they don't join groups like this. I know I is one LOL
Jay Hinrichs
Sorry for the late response! But yes very sketchy to say the least! But I have done my due diligence in checking online their authenticity, as of now it seems to check out. Just wanted to know if anyone was familiar with them at all
@Brian Pulaski
Sorry for the late response but they charge a one time fee of $1147 to become a student. They provide a 3 day training and then provide you with their resources to make quick flips. Not only is it their private investors that will cover up to a $1,000,000 but it's also lists of cash buyers to contact to buy your properties once you find them. Hopefully this makes sense and answers your question? Please give me your thoughts on this! It would be greatly appreciated. Thank you
@John Morgan Now that you're 7 months into it, I wonder if you could give us an honest update on how this program has worked out for you?
Cory Damon
Gladly Corey!! They weren’t a scam as I suspected but they were what you call real estate “gurus”. Although they were credible they would take you through success stories and tutorials of previous students who had scored big from using their services. After each step was crossed they would “suggest” you be a part of the next step which would basically require some form of cash down payment. After the first $500 they would then ask you to join by taking out a $15k credit line that of course they said you would make back! All in all I didn’t find it worth it! I’ve begun doing my own homework through extensive reading, YouTube videos, BiggerPockets forums, and local real estate groups and that’s much more beneficial AND FREE!!! Thanks for asking
Hello hello John Morgan thanks for your input. I am a new student to the snap clip I was a bit skeptical as well is there any thing else I can do to check further regarding the snap flip program I will be attending the three-day seminar starting the 12th the 13th and the 14th from what you say I'm assuming that it's safe and legitimate I did spend $1,147 just as well and I included my 33 year old daughter as my guest just to give her an outlook on how the game is played to a certain degree any input that you may have other than what you've already shared I would greatly appreciate it although I will be attending the three-day event I am still skeptical until I find something other than what I'm thinking thanks once again for sharing if you have more I would greatly appreciate it.
Yes yes I'm in my third day today is Saturday I am still skeptical a little exhausted and I am trying to understand why I have not retained any of the express information that the instructor has been throwing out there for 2 days maybe it's just me. and I don't understand why I am trying to pull credit to pay for a program that I thought was doable for the $1,147 I spent that was my introductory cost after attending the class on the second day I find that there are advanced classes that they would like you to apply for I'm a little confused so I'm not only using their resources but I am buying into a system that I had no idea that I was getting ready to buy into LOL if this makes any sense please reply note I am submitting retirement documents regarding my 401k bank statement regarding my savings and banking account checking and I'm online applying for a $20,000 credit line help reply thanks.
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#2 All Forums Contributor
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Originally posted by @Eugene Stokes:
Yes yes I'm in my third day today is Saturday I am still skeptical a little exhausted and I am trying to understand why I have not retained any of the express information that the instructor has been throwing out there for 2 days maybe it's just me. and I don't understand why I am trying to pull credit to pay for a program that I thought was doable for the $1,147 I spent that was my introductory cost after attending the class on the second day I find that there are advanced classes that they would like you to apply for I'm a little confused so I'm not only using their resources but I am buying into a system that I had no idea that I was getting ready to buy into LOL if this makes any sense please reply note I am submitting retirement documents regarding my 401k bank statement regarding my savings and banking account checking and I'm online applying for a $20,000 credit line help reply thanks.
careful these are education companies your just paying 20k for an education.. that's all.. there is no magic to this and snap flipping Is just another term for being a wholesaler and there are tons of them on BP who will gladly help you for free or far less.
these guys make their money selling you information.. and its all very well scripted and laid out to get you to run up your CC to pay them.
If you cant stroke a check for it.. then your not ready to enter this business as all.. if you run up your credit card how are you going to get any other money to operate.. ???
Thanks thanks for the info but I'm still a little skeptical yes I know if I am skeptical I should back out I have a consultant that I'm working with that's trying to get me a to apply for credit cards so that I can pay for the class boots on the ground but I figure if the program is so well structured shouldn't they be financing me true enough if I gravitate towards a credit card for 10 grand or more I will need to be able to pay that off with in 29 days which I don't think I will be able to do that because I won't have the cash on hand that's why I'm applying for a credit card. Connected with this Jerry Lavigne and Drew program is a company called response they have reached out to me to inform me that I need to have cash up front before I can do the boots on the ground. Once again the consultant that I'm working with can't seem to get his email situated so he's sending me text messages in regards to 10 to 30 credit card companies online that will fund me for a credit card little skeptical. Your thoughts please
Eugene Stokes, are you so brainwashed by this Snap Flip company that you do not see it’s an envasion of privacy to give all your financial information to complete strangers consisting of balances in your bank accounts, investments, 401k, credit cards, and disclose credit limits? You forgot to mention that they bully you to access their trusted website to pull your credit score for them to set you up to borrow the $20,000 to $40,000 to purchase their advanced training.
The reason you aren’t retaining the actual training is because they are not teaching you about flipping deals, they are talking double talk in circles that sounds good, but leads nowhere accept to convince you to purchase their advanced training.
As for the advanced training, I have yet to find anyone who has done it and became a successful real estate investor. Regarding the money they promise to lend you up to a million dollars per deal, they also have a disclaimer that if they don’t like your deal because they don’t like the numbers, they won’t lend you the money. From my research, I found that people complained no deals seem to qualify for their funding.
The company that put on the 3 day workshop sells training. That’s what they do. They are only there to sell you advanced training not to teach you how to find good deals and flip properties.
@Eugene Stokes I would walk away. Cut your losses. You seem to be paying a lot of money for what? Training that leads to more training? I agree with other posters here that you can find all the same information and could likely connect with private money lenders and all the other people you feel are necessary for free right here on BP. Obtaining a credit card to pay for training would give me the willies. But thanks for sharing the info, hopefully you have dissuaded others from getting dawn into this as well.
I went to one of their 2 hour pre-seminar events yesterday in NJ. The best part was the free box lunch they gave away. I'm not trying to bash them, I'm sure they have tons of knowledge and resources, but I'd have to agree that, if you're willing to take action, you can get all those answers here in BP. Good luck everyone. Dave
Eugene your posts give me the creeps. I'm all about capitalism, but I don't understand how these parasites sleep at night.
The company Response put on an earlier program using Scott Yancy from another HGTV Show "Flipping Las Vegas" as their spokesman. If you haggle with them, you can get a reduced price to the first training. We ended up paying $680 for the 3 day training. There they will constantly try to sell you more training. My partner and I attended the 3 day work shop. That is what got me started, but I would suggests that instead of buying any more of their training, you get a Bigger Pockets Pro membership and start networking.
I found an ad on the local Craigslist for "Property Scouts" and they will train you for free. They offered $1000 per find for properties that they can make a deal on.
It sounds like "snap flipping" is basically "bird dogging" . However, instead of making money, they are taking your money! Just find some wholesalers in your area and ask if you can bird dog for them. You will make money instead of losing money.
Hello @John Morgan and thanks for your input. I just went to the "On Wealth Event" in Ft Lauderdale last night, featuring Shark Tank guy Robert Herjavec because I wanted to hear him speak. However, there was 2 hours of "Snap-Flip" sales job before he spoke.
As others have said, it's their new name for wholesaling or bird-dogging. They offered 3-day training "Normally $1,497, but TODAY ONLY $997."
(but this is for you and your partner! half price!)
They said they charge 1.65% (+$395) of amount funded, "... but provide proof of funds $1,000,000!"
When they had the 'altar call' about 100-150 people went to the stage. I asked the guy next to me how many of them he thought were paid actors?
I'm a bit jealous that @Dave Pricken got a box lunch! We got nada.
@Nick C. Thanks for saying that! "parasites" That's what they are. I attended to the conference AND paid for their 3-day workshop. The speaker Doug Clark showed pictures throughout the weekend about his cars, the houses, the money, the trips, more cars, but also kept selling CONSTANTLY his "Diamond Program" that apparently is based in Utah. Stories and stories about his airplane experience, some examples about pre-foreclosures and foreclosures BUT only would work as he says if you get his Diamond Package, otherwise you won't have access to it. They kept playing inspirational videos during the whole weekend without covering what they said they were going to. No strategy on how to start the first deal.
At the end of the 3-day workshop the students that chose not to purchase the advanced diamond training were gathered in a room were we learned that there was not such thing as unlimited searching software, but only 3 searches per month with the option of purchasing more searching power. We were dispatched in a very defensive way by one of the organizers once the group started to question him about why they didn’t delivered what they promised in the first place.
There was NOT a moment in which the students had their hands on any particular strategy, but rather to continue being enticed to purchase an advanced diamond training.
The website they gave us has links that connects to a non-legit or high professional pages with real information, everything was FAKE.
On the other hand, the customer support that we talked over the phone after all this non sense was over, mentioned this: “The majority of people PREFERRED to hear inspirational messages.” That’s not what we signed up for.
None of the materials we received had a specific company name to be in charge of this. Everything is brochures and irrelevant content.
Last but not the least, the rest of the students left the room very disappointed and confused. We still don’t understand why the speaker (Doug Clark) continuously talked as if it was his company the one we were attending. Today we learned that’s not the case.
@Patrick McMahon I was at the SAME event you were. Who knows if some were actors, I'm not an actor and fell for that. I'm new into this Real Estate journey and this was my "B.S welcoming". But I'm not discouraged, it actually gave me more fire than ever. I hope one day we can get in touch with the people that has joined this type of scams so we can do something about it. These companies are the worse.
Just to follow up, the Snap Flip people called me a few days later and offered to let me take their 3 day seminar for $225 after asking people to pay $1495 at the promo event. Again, I've learned more at BP web site than all the education info I've seen in the past 10 years. God Bless BP and Merry Christmas to all!
Day 1: Not impressed, payed 1000$ and still have no clue how to snap flip, how I have access to finance or buyers.. feels like a scam already.. payed for travel and hotel to attend this event..
I just got out of a 3 day seminar and it was horrible! I paid $1500 how to "Snap Flip" and all I got was pressure to commit to buying a bigger purchase of $30,000. There were no tools or steps to get me through a snap flip at the seminar. Total joke and scam : (
Day 2: Better insight on good foreclosure deals but I will still have to confirm the accuracy. Still not feeling capable of closing foreclosure deals on my own or getting the money I invested into this course back as I was promised. However I am going to try and not lose hope and see how day 3 goes.
Day 3: Doug really stepped it up. I really enjoyed day 3, I feel like I could really learn with a mentor like him, he obviously knows what he is doing, and is a leader in his field. I decided not to purchase the advanced training because I cannot afford it but I’m open to it at some point. I will try the tools I was given and if I can make a few profitable deals I will consider it.
I was a guest with my Mom at the three day seminar. I have wanted to get into Real Estate for the past few years. I have never been one to know where to start. Attending the 3 day course we both were feeling the fire. We decided to take a chance and purchase the "Diamond Package". We have passed the back out days now, and after reading these comments I am getting a bit nervous. Hopefully it will work out! At the worst provide a bad decision that pushed me in the right direction and I can meet the right people who can help me begin Real Estate investment the right way, and pay off the jump off the cliff. I will have to update after the first few months involved with Response!
@Sara Tavares sorry to be so blunt but i'm seeing mixed results on different replies.
Given that your a week into the program, Do you regret paying the money for the 3 day seminar?
i can still cancel...but thinking it can't be that bad if there aren't many people complaining about it...