For those who are considering attending the Snap Flip seminar in your area, Read this before you go.
Nearly eight months ago, HealthyLivingAfter60.com published an article about what to expect when you attend a free Snap Flip event. The events are heavily promoted, relying on the goodwill of the HGTV brand.
Two stars of HGTV, Danny Perkins and Drew Levin, are lesser known celebrities of a less than popular HGTV real estate investment program. Most seem to have never heard of, or seen the show.
Compare that to Property Brothers or Flip and Flop that are widely popular and seen by millions.
What Does This Have To Do With Snap Flip?
Snap Flip is betting that the popular brand HGTV will lend credibility to their real estate training program.
Their pitch? Ordinary people can begin flipping real estate using Snap Flip money. With the Snap Flip program, people can make thousands, with no cash or credit.
The program is fake. That is not what they do. Many simply call it a scam.
After attending an event and hearing the pitch, HealthlyLivingAfter60.com wrote an article on the possibilities of the Snap Flip program.
After publishing the article, we’ve heard from dozens who learned the real truth of Snap Flip.
The investment partnership described in the seminar style event is all but non-existent.
For those not familiar, read what we published in March. Here’s the link Snap Flip Real Estate Review Drew Levin Danny Perkins of HGTV.
In short, the widely promoted Snap Flip events suggest that after taking their training, you will be allowed to use their money to buy and flip real estate. You won’t need your own money or credit. Only Snap Flip training and a solid work ethic separate you from success in real estate.
It’s a Fake, Fraud and Scam
The dozens of comments we received after publishing our article tell us it’s not true. The $1,144 training program is only a rogue to have the chance to pitch students to buy additional training. We have heard of training packages as high as $38,000.
It is amazing. Offer a free seminar on flipping houses with a pitch that says you don’t need money or credit, and then up sell $38,000 programs where your credit card pays your tuition.
We have yet to hear from anyone who paid the initial $1,144 fee, and actually had the Snap Flip program fund a real estate transaction.
Where’s The Integrity?
It is difficult to understand how some businesses operate. It seems however, that there will always be those willing to do anything to make money.
A quick look at the Snap Flip website tells us they are in the training program business. Their business is training people to become successful real estate investors. They sell training.
The website makes no reference to the Snap Flip financing concept pitched in the free event. They do however, boast that you’ll learn, in their advanced training, how to hold what you buy for rental income.
That does not sound anything like what they are telling people to get them to buy the first round of training.
It is possible they are very good at training people. It’s possible that students, after paying for the training from Snap Flip, (Snap Flip actually operates using the name Renovate to Rent, and provide real estate education and training) go on to have great success in real estate.
The scam part is the sucking in of students under a false premise. What they talk about in the free events, and what actually happens are not the same.
The reality is, you have a far better chance to win the lottery, than have Snap Flip fund a real estate transaction as they pitch it in the free events.
HealthyLivingAfter60.com was called out for not seeing the Snap Flip events as an age old scheme. (you can see a comment doing exactly that in the March article). Mark, the writer of the comment calls Snap Flip “an age old scheme.”
Yes, HealthyLivingAfter60.com missed the warning signs. What we saw, was an HGTV branded business offering what seemed like an amazing offer with the potential of success.
Our focus at the time was to explain the incredible effort that would be required, even after receiving training. Finding homes that meet the profile is hard, time consuming business.
Snake Oil, Used Cars and Real Estate
In 2016, BBB, in a complaint against Snap Flip, HGTV offered a defense. HGTV claims they are not a part of the Danny Perkins, Drew Levin business and their (HGTV) trademarks are not apart of any businesses the real estate investors offer.
More To The Point
The false premise used to draw in students to the training programs of Renovate to Rent, lessens our faith in those involved in real estate. The fact that a popular brand like HGTV seems to endorse, makes it hard to know the truth.
It is widely believed that car salesman will do anything to make a sale. They lie, make promises, and they say whatever it takes. They do it even knowing it’s not in the customer’s best interest.
So it seems with the Snap Flip events. It’s not in your best interest to attend, to offer a credit card, or to buy their training.
If the training is good, as they suggest, let it stand on the truth. If it takes a lie, a scam or a rogue to get you there, it’s not likely it will end well for you.
Once someone lies, Don’t trust them. So it should be with this program that appears to be endorsed by HGTV.
If you are considering the Snap Flip event, it will be better for you to simply pass. Don’t go. Save yourself and your time from the lure that is nothing short of a scam.
As always, if you have a comment, let us know below. We read them all. —Robert