Feedback about Flip Secrets by Jake Leicht
Member since 2023 · 1 post · 3 votes
Feedback about Flip Secrets by Jake Leicht
Most Popular Reply
John HoschouerPro Member
Investor · Hiawatha, KS · Member since 2023 · 28 posts · 20 votesBecause I am starting out, I have been self-funding my "gap," which limits the size and scope of the projects I can take on. On the first flip, I didn't follow the "rules" Jake outlined on his calculator and in his course. So when I started the project, my projected profit was just under $15k. When everything was finished, I made just over $2k.
My second Project's anticipated profit is around $30k (I followed the "rules" on this property), compared to an initially projected profit of $35k.
We just started my third project. Profit is projected to be $20k, but I also learned how to qualify better.
Yesterday, we reviewed a profit that my realtor was touting as having a potential of $100k; when I did my own numbers, I came up closer to $40k if it can sell. However, there isn't a strong sales history, so we are going to pass on it.
I have another deal lined up that I plan on purchasing in the next few days. The neighborhood has a strong sales history, and I should be able to gross $38k.
No school or class will replace the value of getting started and learning your trade. The Flip Secret gave me the confidence and motivation to go. As I make my mistakes, I understand why Jake teaches "rules." But I also understand that no one will ever be able to tell you 100% what your experience will be.
19 Replies
- Member since 2019 · 13 posts · 9 votes2y
Hi, Rakesh
I'm looking into joining Jack Leicht flip secret program too, but I'm not sure if this is worth it to join and invest money into it. How long have you researched the program?
- Investor · CA · Member since 2018 · 22 posts · 18 votes1y
Quote from @Jisoon Park:
Hi, Rakesh
I'm looking into joining Jack Leicht flip secret program too, but I'm not sure if this is worth it to join and invest money into it. How long have you researched the program?
- Rental Property Investor · San Francisco Bay Area · Member since 2022 · 1k+ posts · 1k+ votes1y
Quote from @Rahman Sobhan:
Quote from @Jisoon Park:
Hi, Rakesh
I'm looking into joining Jack Leicht flip secret program too, but I'm not sure if this is worth it to join and invest money into it. How long have you researched the program?
I was able to get Jake's rehab calculator for free over 2 years ago. He will email it to you but just ignore the texts with a rep trying to get you to join the program. Don't pay any social media guru $15k or whatever amount for a program. Use that $15k to pay for your renovation costs or purchasing your property.
I used his rehab calculator for an attempted flip with doing it as a BRRRR for Out of State properties (Indiana). The calculator was alright but there are probably better calculators out there. Didn't do any of that. Flipping isn't as easy at it looks and to me it was too risky especially OOS after talking to honest construction management companies...hard pass for me.
Going back to John's comment about the projected profit for $15k and him winding up with $2k. That is not worth the stress and hassle to do a renovation for $15k, let alone $2000 - there are holding costs and what if it doesn't sell, what's the exit strategy: rent it out? Does that property and neighborhood support renting it out and are you ok renting it out with negative cash flow?
Just leave your money in a High Yield Savings account for $2000 or buy some index funds for $15k. For me $30k projected net flip proceeds isn't worth the stress either. I think flipping profits are reported as ordinary income on tax returns.
I know a couple of experienced investors that have flipped successfully in the Bay Area (primary home buyers will pay top dollar for renovated home in a nice area). I think their net proceeds were over $100k.
I would attend local meet ups in California and network with investors and contractors. You need to know a lot about construction costs to flip or BRRRR. Ask them if you could walk some projects if you really want to flip.
- Member since 2023 · 4 posts · 2 votes2y
Hi, I signed up for this in August and I have lots of feedback and advice. Do you have any specific questions? Feel free to reach out to me directly.
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes2y
@Jisoon Park
I don’t see what a $10k flip program could teach you that is not already here or on YouTube
I cannot comment on this course but there is no reason to pay anyone to learn how to use opm.
You either get private lending which is based on deal (and experience) or use your own funds
7e investments53 Reviews - Member since 2023 · 4 posts · 2 votes2y
Agreed. In general, I would say it’s not worth joining, is a huge waste of money, and is overall extremely poor quality. But I’m happy to answer specific questions as well.
- Investor · Indianapolis, IN · Member since 2020 · 81 posts · 13 votes2yYes, I’m interested in joining and have a coaching session with potential mentor coming up here soon but I’m a bit hesitant due to the price and promised return of investment. Can you inbox me or email me more in depth details of your experience?
Quote from @Account Closed:
Hi, I signed up for this in August and I have lots of feedback and advice. Do you have any specific questions? Feel free to reach out to me directly.
- Investor · Indianapolis, IN · Member since 2020 · 81 posts · 13 votes2y
Quote from @Chris Seveney:
@Jisoon Park
I don’t see what a $10k flip program could teach you that is not already here or on YouTube
I cannot comment on this course but there is no reason to pay anyone to learn how to use opm.
You either get private lending which is based on deal (and experience) or use your own funds
I agree it's just that I haven't been able to find a fairly priced course for beginners like myself to jump into that details how to get started in fix and flip strategy or the BRRRR method strategy so when i was baited into the Jake fix program through ads on IG i was very interested. Are there any courses or mentors you could suggest from the success of others?
- 2yJohn HoschouerPro MemberInvestor · Hiawatha, KS · Member since 2023 · 28 posts · 20 votes
I joined The Flip Secret. It does a good job of teaching the basics of flipping, and with the discord group and coaching can help give the motivation to get off the sideline and into investing.
You can use resources like Bigger Pockets for free, or Bigger Pockets Pro for much less than Jake’s course, but the reality for me is I never would have taken the first step. It’s been seven months since I purchased the program and have already flipped one house, my second house is getting pictures taken today (rehab is complete) and will be listed around the middle of next week. Rehab starts in my third property in 3 days.
So I am a fan of The Flip Secret. but I recognize the cost is significant, and everything you learn can be found in other places. Best of luck in how you choose to proceed. - Investor · Los Angeles · Member since 2022 · 107 posts · 48 votes2y
Quote from @John Hoschouer:
I joined The Flip Secret. It does a good job of teaching the basics of flipping, and with the discord group and coaching can help give the motivation to get off the sideline and into investing.
You can use resources like Bigger Pockets for free, or Bigger Pockets Pro for much less than Jake’s course, but the reality for me is I never would have taken the first step. It’s been seven months since I purchased the program and have already flipped one house, my second house is getting pictures taken today (rehab is complete) and will be listed around the middle of next week. Rehab starts in my third property in 3 days.
So I am a fan of The Flip Secret. but I recognize the cost is significant, and everything you learn can be found in other places. Best of luck in how you choose to proceed.Hey John, thanks so much for the insight! Mind telling us your approx profit on your first flip? and (what you're estimating to make on your 2nd?) asking because it may help us determine value of a program like his
- 2yJohn HoschouerPro MemberInvestor · Hiawatha, KS · Member since 2023 · 28 posts · 20 votes
Because I am starting out, I have been self-funding my "gap," which limits the size and scope of the projects I can take on. On the first flip, I didn't follow the "rules" Jake outlined on his calculator and in his course. So when I started the project, my projected profit was just under $15k. When everything was finished, I made just over $2k.
My second Project's anticipated profit is around $30k (I followed the "rules" on this property), compared to an initially projected profit of $35k.
We just started my third project. Profit is projected to be $20k, but I also learned how to qualify better.
Yesterday, we reviewed a profit that my realtor was touting as having a potential of $100k; when I did my own numbers, I came up closer to $40k if it can sell. However, there isn't a strong sales history, so we are going to pass on it.
I have another deal lined up that I plan on purchasing in the next few days. The neighborhood has a strong sales history, and I should be able to gross $38k.
No school or class will replace the value of getting started and learning your trade. The Flip Secret gave me the confidence and motivation to go. As I make my mistakes, I understand why Jake teaches "rules." But I also understand that no one will ever be able to tell you 100% what your experience will be.
- 1yJohn HoschouerPro MemberInvestor · Hiawatha, KS · Member since 2023 · 28 posts · 20 votes
Now more than a year into real estate investing. If i had it to do over again I would not purchase Jake Leights program again.
You can het all of the details from Bigger Pockets, watch the podcasts, buy the books. However, this is a hard and costly journey if you dont have a mentor.
Last year i went to BPCon, it was great. I have also joined ProjectRE which has been amazing. great community, but also great mentors actively participating.
Find and connect with other investors in your area, yes theres competition, but the good investors realize theres plenty of projects and are happy to connect and share ways to be successful.- Rental Property Investor · San Francisco Bay Area · Member since 2022 · 1k+ posts · 1k+ votes1y
Quote from @John Hoschouer:
Now more than a year into real estate investing. If i had it to do over again I would not purchase Jake Leights program again.
You can het all of the details from Bigger Pockets, watch the podcasts, buy the books. However, this is a hard and costly journey if you dont have a mentor.
Last year i went to BPCon, it was great. I have also joined ProjectRE which has been amazing. great community, but also great mentors actively participating.
Find and connect with other investors in your area, yes theres competition, but the good investors realize theres plenty of projects and are happy to connect and share ways to be successful.Thanks for sharing your experience with the program. For me, the hard money loan interest rates were high and all the stress and risks for flipping weren't worth it, especially trying to do this out of state.
Are you continuing to flip or doing another real estate strategy?
- 1yJohn HoschouerPro MemberInvestor · Hiawatha, KS · Member since 2023 · 28 posts · 20 votes
Quote from @Becca F.:
Quote from @John Hoschouer:
Now more than a year into real estate investing. If i had it to do over again I would not purchase Jake Leights program again.
You can het all of the details from Bigger Pockets, watch the podcasts, buy the books. However, this is a hard and costly journey if you dont have a mentor.
Last year i went to BPCon, it was great. I have also joined ProjectRE which has been amazing. great community, but also great mentors actively participating.
Find and connect with other investors in your area, yes theres competition, but the good investors realize theres plenty of projects and are happy to connect and share ways to be successful.Thanks for sharing your experience with the program. For me, the hard money loan interest rates were high and all the stress and risks for flipping weren't worth it, especially trying to do this out of state.
Are you continuing to flip or doing another real estate strategy?
Yes I am continuing to do flips, I have slowed down, so I can focus on building a healthy team vs trying to go after volume.
build a good team, develop good tools; then you can cover the costs until you are able to better leverage and reduce costs.
- 1yKerlous TadresBusiness MemberRealtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
Quote from @Rakesh Singh:
Hi,
Need feedback about The Flip Secrets by Jake Leicht. He teaches Flip houses using OPM and fees is between 11K-15K.
Is it worth joining this Program?
Thanks,
Rakesh
Go network and try to cold call and find deals! The best way to learn is through experience and the way you get it is through doing it
Kerlous Tadres | Reafco Real Estate541 Reviews - Lender · Riverview FL · Member since 2025 · 6 posts · 1 vote4mo
I paid $15,000 for this course mainly because of the promises of mentorship, coaching, and networking with others in the same field. Unfortunately, the actual course content was extremely disappointing. The main tool provided was just a calculator that could easily be found for free online.
I was also promised a personal coach, but after being with the program for over a year, I never once met or worked directly with the coach I was told I would have access to. Honestly, I learned far more from the networking calls and other students than from the course itself.
During my time in the group, I created a software designed to help real estate investors analyze deals more efficiently. Many of the mentors were very eager to see the software and even gave recommendations on features they thought I should add. However, once the software started becoming more developed, one mentor asked me, “How much of this software will be mine?” even though they had no involvement in building it.
When I made it clear that I was not looking for investors or partners, the entire atmosphere changed. I began experiencing harassment, was told not to show the software anymore, and even felt threatened over it. Shortly after, they began attempting to create their own version based on the same idea.
If you have bad credit, I would strongly suggest not wasting your money here, because many of the strategies and opportunities discussed may not even be realistic for you.
Another major issue was the inconsistency and bias within the community. I was removed from FlipSecrets for promoting my own business, even though mentors and contractors inside the group regularly promoted paid services of their own. Once I offered my services, I was kicked out and effectively lost my $15,000 investment.
Be aware that everything is heavily monitored, including so-called “network calls,” which often did not feel like real networking at all.
Please do your research carefully before joining. In my opinion, this course was not worth the money, and I wish I had saved my investment.
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