Feedback about Flip Secrets by Jake Leicht
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
Most Popular Reply
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.