Flipsystem After 6 months
After spending months deciding weather or not to go with Flipsystem. Eventually I decided to bite the bullet. My day job is very time consuming and I wanted a way to get into real estate investing that I could do on the side.
Probably naive on my part from listening to sales person, but I explained that I was pressed for time on my day job, and he told me Flipsystem only requires 3-5 hours a week tops. Which is absolutely incorrect. Using this system does not change it from being a full time job.
First off you have about 20 hours of videos before you even begin. Then you have "validate" the deals that were supposed to be pre-validated. The most annoying bit is that this is their biggest selling point, have prevalidated pipeline of deals that you can pick and choose from. But really it's just a random spattering of dilapidated properties that may or may not work.
So you still have to spend the time to run all the comps yourself and validate the property with the construction team.
The most unsatisfying peace is just how unhelpful their team was. I asked a dozen times for someone to just walk me through 1 deal from start to close for a $15k product you would assume that a couple hours of one-on-one time would be included but it's not. If the system is supposed to be so simple, why can't a human walk me through it in a couple of hours.
Anyway, I'll close with the thought that if you're motivated enough to start real estate investing, you're better off with an excel spreadsheet and staying away from Flipsystem.
I really need to get my money back from Flip Systems.
They have not help me at all ! And keep ignoring my calls and emails. I am considering going to the BBB or a lawyer to get my money back. If someone else has experience this , we can file together to get that $15k.
I have had great success with Flipsystem. If anyone is thinking of joining message me and I can go over everything.
They helped me start and get to where I am today.
I see a lot of people complaining about how bad it is. Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.
You need to build a strong and trustworthy team on the ground.
People nowadays quit the second something gets hard. Joining Flipsystem does not guarantee you will be a successful real estate investor if you just think they are going to hand you everything and you do little work. YOU NEED TO PUT IN WORK!
You will need to be spending 2-3 hours per day on the business in the beginning.
Real Estate is not easy and if it was, everyone would be a successful investor and you wouldn't want it. The fact that it is hard is why you want it, that means it's valuable. If you are able to succeed at this, you could make a lot of money in 10-12 after holding these properties.
The formula is simple. Learn the basics of financials in RE, build a strong team on the ground, understand the ins and outs of RE and what market your in, understand how to actually flip the home and what strategy you are doing (Highly recommend the BRRR) as holding homes is where the money is made.
REAL ESTATE IS NOT EASY!!! But is WORTH it if you can do the correct things and really learn how this works.
