Don’t Flop Before You Flip: How To Navigate 
Through Scams And Create Financial Freedom

Ryan Kuhlman, creator of The Flip Coach, addressing an audience.

P.T. Barnum once said, “A sucker is born every minute.” But, with the birth of reality TV, it can be argued a sucker is born every episode.  By using their “celebrity status,” reality TV personalities prey on fans trying to replicate the results they see on popular TV shows like Flip or Flop and Flip This House.  Real estate investing has become an industry rife for scams.

“The fact is that several networks have made the idea of easily making money and becoming financially free wildly popular,” says Ryan Kuhlman, creator of The Flip Coach.  “These shows have mislead viewers to make it look so easy, and they are unrealistic in the profits they portray.”

The reality is that the average flip generates about $25,000 to $45,000 in profit, but many stars of these popular TV shows promise much more.  They have made millions by promising to share their secrets, but the fact is that most of their millions come from their $30,000-plus “mentoring programs,” versus real-estate investments.  We trust these TV stars because we invite them into our homes every week and feel like we know them.  Websites exist that are dedicated to reviewing these programs and calling out these scams, but what are some things you can look out for from the get-go if you truly want to learn abut real estate investing?

1) Remember the adage, “If it is too good to be true, it probably is.”  Why would a millionaire real estate investor want to give you all of his secrets for free?  He wouldn’t, and that’s because everything has a price.  These gurus advertise their mentoring programs and get rich with “no money, no credit” gimmicks all over the Internet and radio. They tempt fans to sign up for “FREE” seminars that will allegedly equip you with all the valuable information needed to be successful in this business.  That’s when you’ll find red flag number 2…

2) The upsell.  The free seminar is only an opportunity for them to sell you on their boot camp, where they entice you with just enough information to sell you their boot camp. 

3) More upsell. The two-to-three day boot camp is a way for reality TV celebrities to offer tidbits of information before going in with the hard sell, offering you their $30k-to-$60k real-estate mentoring courses that promise to finally give you their secret. But here’s the real secret: there are no secrets. Sadly, the chance of you ever hearing from these so-called mentors again is nearly zero.

4) No real local or specialized market knowledge.  How can investing in property be the same in Kansas as it is in Los Angeles?  It absolutely isn’t.  You either have to have local market expertise, or learn how to find someone who does.  If a program tells you that their program works in any market, it is probably a scam.

5) I repeat, if it sounds too good to be true, it probably is! Reality stars who promise easy profits from their overpriced mentoring programs are little more than scam artists. While there is money to be made in real estate investing, it takes diligence, experience, teamwork and hard work. 

There are many sites dedicated to reviewing these programs, so anyone interested can do their homework before investing such a large sum of money in a mentoring program.  There are also other options such as Kuhlman’s Flip Coach program (yourflipcoach.com) that provide a blueprint of how to start your own real-estate investment business, while respecting the need for local market knowledge, hard work and dedication.  He is also the only one in the industry to provide live online coaching.  Unlike other real estate investment programs, The Flip Coach is a standalone program that does not require any additional upsold products to be effective.   

“The fact is that you can be successful in real estate investing, but you have to be willing to put in the work and learn your market,” says Kuhlman, who is also the owner of Broward and Miami-Dade’s Real Estate Investors Associations and the youngest board member of the National Real Estate Investors Association.

Don’t allow the celebrity of reality TV lure you into investing $30,000 into celebrities rather than into real estate.  According to Google, Than Merrill is worth over $100 million, Armando Montelongo brags that he makes more than $50 million per year, and Cody Sperber owns more than $1 million in cars alone and is worth an estimated $200 million. Sperber’s website states he has closed 1,000 deals in seven years, and averages 7 to15 deals per month. If you do the math, it just doesn’t add up.

However, the real question remains: how much do these so-called celebrities earn from selling you their secret systems, and how much of their fortune is from actually flipping houses? More importantly, once they sell you their mentoring program, what is their incentive to make you successful? Once these reality stars have their team sell you their mentoring program, they leave town. You’d be lucky to have more than a few conversations over the phone or email, and you are out a very significant investment.


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3 Comments on "Don’t Flop Before You Flip: How To Navigate 
Through Scams And Create Financial Freedom"

  1. Wish I would have read this before I spent $35k with Rich Dad and $10k with Cash Flow Mastery class. Thanks for the reminder. I must say I did enjoy all the classes with Rich Dad and I continue to use my material to learn and I did learn a lot with the Mastery class I took, which was closer to my home with a class room setting and with very intelligent, knowledgeable people teaching the hands on class. I have been able to network with so many people and that is really necessary in the investment industry. Sharing knowledge and information with them. So there is something to say about the knowledge you get from classes and mentors that are legit. But I also have learned that there are plenty other avenues to take without spending that much money. I could have used that money for my first property. I wish I would have learned the easy way.

  2. Good grief! $10-60k? For a boot camp?

    ALL of the information you need is available for FREE. There are plenty of real estate investing websites free on the internet. My favorite, and probably the most popular, is Biggerpockets dot com. Plenty of seasoned veterans on there dropping information like gold nuggets for you to pickup and run with.

  3. Octavia Lacey | April 21, 2018 at 12:40 pm | Reply

    Went to Than M.class they wanted 197.00 to get started.I did not have the money so they could not sign me up.fell like I waisted my time.

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