It’s an appealing proposition: Purchase a run-down house, fix it up, and attract a new buyer with an offer you can’t refuse. The end result of a home flip is tempting, with anything from shining hardwood floors to an open-concept chef’s kitchen.
Flipping houses appears to be fun, exciting, and profitable, as Peter Souhleris and Dave Seymour of Flipping Boston try to prove.
Is this, however, a suitable business model for you? Is it wise to join their seminar? Are Peter and Dave legit? Let’s see!
This review will discuss The Flipping Formula to see whether or not it is the best flipping real estate course available.
But before we get too deep.
This Flipping Formula review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
The Flipping Formula is a real estate investing program.
Like most real estate investing training courses, you’ll likely be exposed to the “Big 3” investing types:
- Long-term buy-and-hold
Regardless of which path you go down, there is a lot of potential with real estate investing.
After all, it’s the world’s oldest wealth-builder.
However, before you leave this The Flipping Formula review and go sign up, you might want to ask yourself:
“Is now the right time for me to get into real estate investing?”
Because, no matter which way you slice it, real estate investing is extremely capital intensive, labor intensive, or both.
So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into real estate investing.
But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.
A good way to get yourself there is with Digital Real Estate.
Digital Real Estate takes all the best parts of real estate investing, while eliminating most of the headaches:
- Low cashflow
- Interest payments
- High overhead
- Expensive repairs and maintenance
- Problematic tenants
And the best part?
Digital Real Estate allows you to build a passive income stream that’s actually passive!
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is the perfect first step to build recurring income that you can then use to start investing in real estate down the line.
However, if you’d still like to know more about The Flipping Formula, keep reading.
The Flipping Formula Overview
The Flipping Formula is a training program that teaches individuals how to start a real estate investing business is holding several basic training seminars across the country.
Peter Souhleris and Dave Seymour created the course that hosts A&E’s popular house flipping show Flipping Boston, which is based on their strategies to build their successful real estate company.
Pete and Dave launched their real estate investing company during one of the worst housing situations in the country. They used these most challenging economic times in United States history to their advantage. Their unique house flipping formula is the foundation of their success.
According to Peter, they understand that now is the ideal time to enter the market because others are afraid to buy. They do not use traditional lines of credit to purchase homes; instead, their lenders cover the transaction. They’ll fund it regardless of market conditions if it’s a good deal.
Even in low-cost areas, potential house flippers can make a large profit. Three Rochester-area neighborhoods were just named to the list of the 10 Most Affordable Neighborhoods with the Best Schools by 24/7 Wall St.
According to the survey, great schools are frequently associated with higher housing prices.
Also, the location is very appealing to prospective homebuyers. You can make a lot of money as an investment if you buy the neighborhood’s ugly duckling.
Dave and Peter acquire a house that no one wants and renovate it to make it the nicest house on the block. Even in undervalued markets, investors can profit.
The following are some of the seminar’s highlights:
- How to spot profitable real estate transactions
- Steps to secure financing without relying on traditional credit sources
- There are several investing options for creating consistent, steady income.
The Five-Step Strategy Guide For Real Estate Investing
The Flipping Formula is a real-estate method that provides the Five-Step Strategy Guide. The creators, Peter Souhleris and Dave Seymour have used to great success.
These two people have formed a partnership and claim to have purchased and sold real properties worth millions of dollars.
In a nutshell, the partnership focuses on purchasing houses and renovating them to create a fully finished, improved, and newly designed home.
Both have stated that money is not an issue in their personal lives.
On the other hand, Peter and Dave shared valuable information with others.
They offer both online resource centers and in-person seminars.
There are things that sound like the ideal picture of life: wealth, prosperity, and lovely homes.
I researched and gathered evaluations on this topic to create the study that supports this strategy to determine whether this is exactly what real estate investors are searching for.
Who Are The Flipping Formula Creators?
Peter is the co-founder of CityLight Homes and The Flipping Formula, a national real estate education program. Part of his background includes his childhood in Lynn, where he developed an interest in architecture.
His excitement drove him to pursue a degree in architecture at Boston’s Wentworth Institute. After graduation, he landed a job at a small company.
He did, however, aim to take his hobbies further, which led him to the decision to start his own business. He specializes in home design and is looked after by various big television networks.
As a result, Pete and Dave developed the A&E show Flipping Boston.
In addition to his own business, he and his wife established the Christian Angel Smile Foundation in 2007. He and his wife, Desi, donate food and other essentials to children in need during the holiday season. Peter is also a DJ, which is a fun fact about him.
CNBC, CNN, CBS, The Today Show, Rachael Ray, and A&E are among the main television networks on which he has appeared.
Dave Seymour is a CityLight Homes and the Flipping Formula co-founder. Before joining with Peter to create CityLight Homes, he managed his own construction company.
This benefited him in polishing his construction and project management techniques. Pete and Dave are the creators of the A&E show Flipping Boston.
He also spent fifteen years as a medic and firefighter for the Lynn Fire Department. Dave is originally from London and moved to the United States in 1986, which is an interesting fact about him.
In 2008, he participated in a number of real estate investing programs and was invited to teach the basics to a large number of people in the United States and Canada.
His wife and three sons join him. Appearances on major television networks include CBS, CNN, CNBC, FOX, and The Today Show, as well as Rachael Ray and A&E.
Peter’s wife, Desi Soulheris, has also been involved in CityLight Homes and the Flipping Formula. She helps with the design of the houses. She’s also been asked for her opinions and appeared on the A&E show Flipping Boston.
The Flipping Formula Products & Events
Online Resource Center
Pete and Dave are busy working on a video blog and an education center website, which will be ready soon! This is the way to go if you can’t make it in person or don’t want to miss out. The duration and level of difficulty of the courses will vary! I’ve also heard of case studies that can assess each student’s situation!
Three Day Bootcamp
The 3-day Bootcamp at The Flipping Formula will teach you:
- Setting goals and overcoming fear
- How to set up your business
- The investor mindset
- Taking your business to the next level
- Market research
- Real estate strategies tailored to your market
- Private funds
- Money for transactions
- Learn how to go national
- Hard cash
- Making a plan of action
- Providing offers
A well-trained mentor will accompany you on two action-packed days. One-on-one training to assist you in reaching your goals and getting started on the right track. Meet with a mentor in your city, state, and at a convenient time for you.
The Investor Summit Experience takes place in Las Vegas, Nevada. Here are some examples of the Flipping Formula reviews:
“This is the best three days of real estate instruction. You’ve got to see it to believe it.”
“This was very gracious of you, and I truly appreciate your ‘gift’ of teaching us this wonderful information.”
“I’m blown away by the quality of the education, trainers, and substance. Excellent work!”
“This has refocused me and will assist me in taking it to the next level.”
Is A House Flipping Seminar Good For A Real Estate Investor?
Finding a reliable source for real estate flipping seminars is essential when looking for houses to flip for a quick profit, especially in high-demand locations like Las Vegas, Pittsburgh, and Miami.
The Better Business Bureau even recommends people to do their homework before attending a flip houses seminar, because many attendees felt they were deceived or succumbed to sales pressure, paying thousands of dollars for access to more training.
Unfortunately, some house flipping workshops target economically depressed locations where the real estate market offers limited financial opportunities.
While many in the house flipping seminar industry use tactics such as free admission and flashy door prizes to entice people to attend, the services, resources, and information provided are not free for long.
Let’s be honest: Flipping houses is a risky business that isn’t worth the risk in some markets. According to the money section of Time Magazine, 13% of flipped houses sold with no profit margins or at a loss before expenses.
You can decide how you want to get into the real estate game by looking at overall costs (which are not always easy to find), provided services, information, and user assessments of house flipping seminars. Nonetheless, there is always reason to be cautious when paying for anything that promises to make you money quickly.
- Seasoned professionals created the program.
- There are options for online learning, a two-day or three-day seminar
- There is one-on-one coaching available.
- Lots of hard selling at the event.
Can You Make Money With The Flipping Formula?
While there are several house flipping seminars to choose from, keep in mind that not all real estate markets behave the same way. Because real estate is an investment, you must have money to begin with and a good credit rating in order to qualify for lending programs with low interest rates.
None of these real estate flipping seminars, including The Flipping Formula, claim to be able to make money appear out of thin air. If you decide to go to a house-flipping seminar, make sure you know what you’re getting into and invest wisely.
Real estate investment might make you money, but it also requires your own money.
There is a lot that comes with real estate flipping that many people struggle with in order to achieve financial freedom and create real wealth.
Don’t get the wrong idea…
It’s not impossible to make money with real estate flipping, but if you’re going to put in the effort to learn the ropes (which, trust us, isn’t easy), you may as well make some REAL money while you’re doing it.
Is Flipping Formula A Scam?
So, is Flipping Formula a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Peter Souhleris and Dave Seymour makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual profit margins on real estate investments are pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months – looking at deals, sending out offers, negotiating with the seller and lender to buy a rental property – and then your reward is like $100 a month in profits, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike traditional real estate, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Flipping formula
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation For Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
Flipping and wholesaling are full-time jobs (and more), no matter what any real estate guru tells you. You always have to be searching for deals, because if you stop, so does the money.
2) You Own & Control EVERYTHING: Yes, in traditional real estate you kind of “own” the properties. But there’s also a ton of debt tied to most real estate investments, which means the property isn’t truly yours.
A lender can take it away if you miss a payment. Not to mention, loan payments really impact your profit margins.
With Digital Real Estate, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Minimal Ongoing Expenses: With traditional real estate, monthly expenses are HIGH. Between loan payments, ongoing maintenance, and repairs (not to mention the possibility of having to go through the eviction process), profit margins are slim.
Plus, whenever you have a vacancy, factor in the costs to turn over a unit (plus the fact there’s no money coming in until the next tenant moves in).
With Digital Real Estate, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with traditional real estate investing, you’d have to double your monthly rent, double your deals/number of units OR double your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like The Flipping Program which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.