https://foxnews.com/real-estate/ftc-temporarily-halts-misleading-real-estate-seminar-endorsed-hgtv-personalities
The complaint, which was filed by the FTC and the Utah Division of Consumer Protection, says Zurixx would hold free events that were endorsed by the “Flip or Flop” stars, as well as Hilary Farr from HGTV’s “Love It or List It” and Peter Souhleris and Dave Seymour from A&E’s “Flipping Boston.” Once at the event, the presenters would then pitch the group’s three-day workshop that cost $1,997 and promised to teach customers how to “make substantial income from real estate.” At the pricey workshops, presenters encouraged attendees to open new credit cards and increase card limits, and also peddled products and services that could cost up to $41,297, according to the FTC.
Spoiler - buy the worst house in the best neighborhood with a large spread between the cost and the after rehab value. Free advice
When I was broke and unemployed and had some free time I did a "deep dive" into Flip Houses with no money scams. The main thrust was to get you to loot your parents 401K. My parents were dead so psych! You needed money but you needed other people's money. Then you bring your deal to the "expert" and put up the cash and do the work and they skim half off the top.
Almost every TV house flipper does this seminar scam and they make a lot more guaranteed money ripping people off than they do flipping houses
The complaint, which was filed by the FTC and the Utah Division of Consumer Protection, says Zurixx would hold free events that were endorsed by the “Flip or Flop” stars, as well as Hilary Farr from HGTV’s “Love It or List It” and Peter Souhleris and Dave Seymour from A&E’s “Flipping Boston.” Once at the event, the presenters would then pitch the group’s three-day workshop that cost $1,997 and promised to teach customers how to “make substantial income from real estate.” At the pricey workshops, presenters encouraged attendees to open new credit cards and increase card limits, and also peddled products and services that could cost up to $41,297, according to the FTC.
Spoiler - buy the worst house in the best neighborhood with a large spread between the cost and the after rehab value. Free advice
When I was broke and unemployed and had some free time I did a "deep dive" into Flip Houses with no money scams. The main thrust was to get you to loot your parents 401K. My parents were dead so psych! You needed money but you needed other people's money. Then you bring your deal to the "expert" and put up the cash and do the work and they skim half off the top.
Almost every TV house flipper does this seminar scam and they make a lot more guaranteed money ripping people off than they do flipping houses
