Buying & Selling Real Estate Discussion

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John Morgan
  • Rental Property Investor
  • Akron, OH
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Has anyone joined the group "snap-flip"?

John Morgan
  • Rental Property Investor
  • Akron, OH
Posted Sep 13 2017, 04:20
I recently joined a organization as a student called "snap-flip" after attending a real estate conference in my area. They provide financial literacy through classes as well as reoccurring support for customers/students. But They seemed to specialize in providing funding through private investors which states they will take 1.65% of every profit on each investment. They also provide a list of cash buyers and other resources to make the quickest "flip" possible. They provide this for students ONLY. I am bringing this to BP forum bc I am fairly new to this real estate world but I wanted to know has anyone else joined? Does anyone here from BP have a history with them? Are they legit as they say? Or have I been involved in a scam? PLEASE HELP! Thank you

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Replied Jan 12 2019, 05:15

It was more motivational than practical, I don’t feel like I could flip houses as easily as they promote at this point, they do upsale the software and the advanced training as essential but you would have to invest more money 

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Gary Floring
  • Bremerton, WA
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Gary Floring
  • Bremerton, WA
Replied Jan 15 2019, 23:43

Ladies and Gentlemen,

THIS IS A SCAM!

These real estate gurus pop up like mushrooms throughout the year and entice people to attend a free event through very slick radio and TV ads. Once there, they turn up the heat with very polished and professional "motivational speakers" who know how to work a crowd.  They promise much but deliver very little. And that is the whole point. They want to sign you up with a "special deal" but can only take a limited number of students tonight...this is your chance!

It is really your chance to be FLEECED along with other sheep who fall for these circus barkers. What was it P.T. Barnum said??? 

Cancel, demand a refund, and then, get the REAL information you need in real estate investing for FREE. Its all here on BP, YouTube, and your local RE meetups. 

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Daniel J Huss
  • Investor
  • Western North Carolina
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Daniel J Huss
  • Investor
  • Western North Carolina
Replied Jan 16 2019, 08:04

good to read... got an ad for their free seminar and signed up because, you know, it was free. This thread was the second result for a Google of "snap flip review" and has convinced me that it'll just be a sales pitch for training that I won't need. It's kind of funny because the seminar is scheduled for the same day that I'm closing on my first SFH investment.

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Sam Brooks
  • New to Real Estate
  • Colorado Springs, CO
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Sam Brooks
  • New to Real Estate
  • Colorado Springs, CO
Replied Jan 23 2019, 08:21

I'm basically brand new to real estate and I don't understand why people fall for stuff like this. I cannot imagine justifying paying over a thousand dollars to hear some guy play motivational videos and try and sell more stuff to the crowd.

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Nick C.
  • Specialist
  • Tampa, FL
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Nick C.
  • Specialist
  • Tampa, FL
Replied Jan 23 2019, 08:46

Sara - he is definitely a leader in his field. The catch is he's not in the real estate field, he's in the guru field. His job is to turn your money into his money. 

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CR Baca
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Replied Jan 29 2019, 05:14

My gf and I went to a FREE Snap Flip event last month. Lunch was provided (delicious). It sounded like a good deal especially the property info database. I am in the educational phase of beginning to do real estate and it seemed like a good deal. The trainer said they will help you do a flip in the first 90 days because they know that once you do one you'll do the financing service again.  The biggest benefits I could see was the automatic 1.65% financing and the property database service  (title, liens, crime, tax...).

We didn't join and didn't provide any info at the event. Admittedly I would L O V E to have some guidance for my first deal but it looks like Snap Flip isn't a mentoring company so much as an educational and loan company. 

Thanks everyone for the reviews and it looks like I am in the right place to get that guidance I seek!

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Replied Feb 1 2019, 17:29

I went to the free seminar today in Spartanburg S.C.  Everything he said sounded to good to be true, but I stayed to hear him out anyway.  At the end of his speech he started doing the high pressure sales tactic of “ you have to purchase now and seats are limited “  that’s when I knew it was time for me to leave. As I was leaving I couldn’t believe that I saw about 15 people signing up. I felt sorry for them. 

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Marisa R.
  • Developer
  • Atlanta and Detroit
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Marisa R.
  • Developer
  • Atlanta and Detroit
Replied Feb 1 2019, 17:39

Sounds like you would have no control... first red flag

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Replied Feb 2 2019, 16:15

I am signed up to attend next Friday. I kind of figured it was a high pressure sales pitch but I'm trying to learn how to get started. I'm glad I found this site and thread. I won't be wasting my time going now. Instead I found some meet up meetings in my area that I will be attending and learning from this site. Thanks for the info.

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Kay Mckinley
  • Central, FL
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Kay Mckinley
  • Central, FL
Replied Feb 7 2019, 21:02

Oh my! This is reminding me of when I went to pitch for  a condo for a 100 gift card, in Las Vegas when I was 21.  I didn't even want the gift card by the time I was up there. 

Sounds like the Amway of RE. RUN RUN RUN and don't give them anything.

 There's no get rich quick scheme...and no such thing as a free lunch.

Be safe out there.

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Jason Burr
  • Rental Property Investor
  • Greer, SC
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Jason Burr
  • Rental Property Investor
  • Greer, SC
Replied Feb 21 2019, 08:09

Take your money and buy all the books that @Brandon Turner recommends.  Starting listening to biggerpockets podcasts and do a deal!  You do not need to pay anyone to teach or mentor you.  Brandon and many others on the site have given this to you for free.  Be skeptical of anyone who makes their primary living by selling classes vs. real estate.

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Account Closed
  • Investor
  • Milwaukee, WI
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Account Closed
  • Investor
  • Milwaukee, WI
Replied Feb 23 2019, 12:34

There is no easy path to absorbing all the knowledge necessary. The source may be free (BP) or the source may cost money (snap or Than or countless others), but the person seeking the knowledge must actually take the time to absorb, process and act on it.

Happy Learning!

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Replied Feb 27 2019, 05:17

I attended a three day seminar and paid the $997.  It is like a pressure chamber to purchase tons of educational services. I was blown away from all that was expected from you.  In no time I was approved of the $50,000 in credit cards to go forward. They offered a pkg to start of $28,000 which in no way fit my budget. They went down to $13,000. They don't give you enough time to make an intelligent decision. The pressure and fluff were everywhere.

Did you know that they have a pkg where you can get a refund for 65+ seniors?  You can get a refund in 21 days if you find it's not for you.

 When I got there at the end of the first day I told them I had been through some of the literature and ask about the deal desk which was a big sale to me for them.  I had read that you only got access to that for three days and if you ran a mock test to try to understand it better so you could make very informed decisions they told me that mock test would count as one of my three.  In order to further use the deal desk I had to purchase the pkg starting at $28,000. They said don't ask questions during class but after then they say oh wait until tomorrow that's part of our discussion and of course it wasn't.  I knew I had been taken advantage of by then but I didn't do my homework before I signed up. 

So I ask for my refund because it hadn't been 21 days.  They tried everything, I could get all this for $1,500 but what does that tell you about the whole situation.  I can actually get all this for such a small amount??  They tried to get out of it but my sponsor had text me about the guarantee and I took a snapshot so I said I had it in writing. Of course they didn't believe it and wanted to see it.  As soon as I sent a copy I immediately received message back that I would receive my entire cost of the event which was $997 within 5-7 days. I received it in 3 days.  If I had any inclination of thinking maybe I made a mistake in my thinking now I'm sure I didn't. 

Some people say you can do it but you have to do the work. I'm not afraid of the work, I could do the work.  I just don't want to be on the hook for that amount of money depending on a company that has already lied to me.

I ask questions going forward but things were left out intentionally.  I noticed that they just wanted to keep you hanging.  They were guilty of not answering a question completely leaving out the things that would help you make an informed decision. That made me angry. Plus that 65+ year old senior guarantee they have they never mentioned except to throw me a bone and reel me in when they thought I was slipping away.  Like I said I didnt do all the due diligence so it's partly on me. But shame on them for misleading people and they know they are.

I wonder if the people they are using the names and faces to notice clients know what they are doing?  Are they getting a kickback?  Just ondering.

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Phil Santamassino
  • Rental Property Investor
  • Greenville County, Sc
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Phil Santamassino
  • Rental Property Investor
  • Greenville County, Sc
Replied Apr 30 2019, 07:53

Hi John! I see this +was posted a year ago but I hope you read this.

The 1.65% is DAILY!!! This is for a "Snap Flip". You borrow it literally on the day you are selling. You will lose all of your profit if you borrow from them days before the sale.

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Alec Hilliard
  • Rental Property Investor
  • Sherman, TX
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Alec Hilliard
  • Rental Property Investor
  • Sherman, TX
Replied Jul 8 2019, 20:57

Just got back from Boots on the Ground training with Response. 

After reading this posting and finding BP - it's making me reconsider.

I think I'm already past the 21 day period of cancelation. 

Boots on the Ground training was very helpful...but also, all about wholesaling, making offers, etc.

It was great knowledge, and I made offers on my first rental property...but I'm not sure if that was worth $15k.

I will follow up after the Diamond Elite event and keep this thread updated with my progress. I intend to put in the work and continue to network well with other investors. 

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Cecilia M.
  • Contractor
  • Three Forks, MT
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Cecilia M.
  • Contractor
  • Three Forks, MT
Replied Aug 25 2019, 04:22

I also attended a Snap Flip seminar in Bozeman, MT a few weeks ago. I was a bit surprised that they "offered" to charge wholesalers 1.65% to buy their contracts. While most of the people attending signed for the $995 3 day boot camp, I ate my box lunch and listened to people asking questions. I heard promises of funding...not sure about this. I just started hard money financing, and though they claimed to have billions to lend, I am not seeing it available anywhere. I think that this is similar to Kiyosaki's program, spend lot's of money, get some education, but you can get it free on BP.

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Donald Robers
  • Kenosha, WI
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Donald Robers
  • Kenosha, WI
Replied Aug 25 2019, 06:37

I have never attended a RE training seminar but I have read enough on BP to distill a few cautionary principles to keep in mind :

1. The person who introduces themselves as your adviser, coordinator, group leader or consultant is a salesperson.  They are not there to give you knowledge, they are there to get your money.  Use the same filters and barriers you would use if approached by a salesperson in a car dealership or the appliance section of a retail outlet.

2. Never give out financial information or identity metrics at one of these events.  See point # 1.  You have no idea where your information could end up.

3. Just because a seminar is named after or endorsed by a celebrity does not mean the methods being touted are the ones used by said celebrity.  It just means they paid to use the name/reputation.

4. If you find yourself tempted to purchase additional levels of training remember that the "special, limited, early-bird, one-time" offer is going to be heavily discounted by the end of the seminar.  Do not be among the first sheep to flock to the sign-up table.  You may not avoid being fleeced but you might avoid slaughter.

5. You may have to dig for this information but if you find that the sponsoring organization is based in Utah walk away.  I am sure there are many fine businesses in that state but it seems to be the cesspool that breeds most of these GuruFests.

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