Today, we are going to talk about 7 Figure Flipping. Is it legit? Find out more in this review.
When it comes to training programs related to real estate investing, it feels like I have seen them all. But that’s rarely the case. It just seems that there’s still a ton of them that I haven’t really seen before. But I’m always interested to find out if it’s any different to the ones I have already reviewed.
I understand the hype around real estate investing. There are just a lot of properties out there that have some level of income potential. That’s really the reason why a lot of people are into real estate investing. There’s nothing that compels people more than money.
So it’s not at all surprising that a bunch of training programs related to real estate investing have popped up in recent years. There’s an audience for that kind of thing. But not all of the training programs that I have seen are really worth it. For the most part, those programs are working with the same concepts as all of the other ones. Although, that doesn’t stop any of these people from creating their own training program.
When I heard of 7 Figure Flipping, I was immediately skeptical, as I am with most training programs. Most of the creators for these types of programs have some experience in the field. So it’s not like they’re spouting nonsense. But you can get tired of hearing the same things over and over.
Still, I was curious to find out if 7 Figure Flipping is any different.
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7 Figure Flipping Review: Quick Details
- Name: 7 Figure Flipping
- Founder: Bill Allen
- Website: https://www.7figureflipping.com/
- Socials: Instagram, YouTube
- Type: Training program
- Niche: Real estate investing
- Recommendation: While it’s possible to earn money using the knowledge you’ll gain from 7 Figure Flipping’s training programs, it’s not guaranteed that you’d be earning as consistently in real estate investing. It takes a bit of time and effort before you can earn seven-figure amounts. There is a lot of risk involved in real estate investing in general.
Who Is Bill Allen?
Judging from his name, I honestly thought that Bill Allen was just a placeholder name. But then I remembered how common it is to have a name with your first and last name that are both first names. It’s as if you generated a name and that’s what you got out from it. Not that there’s anything untrustworthy about the name. It’s just that it’s such a generic name to have.
There’s not a lot of information that you can find about Bill Allen’s personal life despite there being numerous interviews with him. It’s not that you should know his life more intimately. But there’s sometimes that specific moment in their early life that leads them to their current career.
You wouldn’t have assumed that somebody who studied engineering in college would go on to make a name for themselves in real estate. Like, Bill Allen graduated with a freaking master’s degree in aerospace engineering. There’s a lot of places that would’ve loved to hire him. But before Bill got into real estate, he actually did a short stint as a test pilot for the U.S. Navy.
He actually juggled working at the Navy and his budding career in real estate. Eventually, Bill started his own real estate firm. His firm was doing well. He was able to sell a few properties. But he had to change a bit of his strategy because it wasn’t really profitable. That was when he got into house flipping. Soon after, 7 Figure Flipping was born.
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What Is 7 Figure Flipping?
7 Figure Flipping is a mastermind program that Bill Allen founded in 2019. This is probably the first time that you have heard of a mastermind program. It’s basically just a program where you’re part of a group where you share your knowledge and advice with each other. Think of it as a mentoring program but for a group.
As the name suggest, it’s more focused towards real estate investors, whether novice or experience, who are into house flipping. In case you didn’t know, house flipping is a method in real estate where you purchase a property with the intention of reselling it for a higher value. Usually, the types of properties that often get flipped are houses that are in relatively bad condition. These properties are often undervalued, so they’re cheaper than the properties surrounding it.
You’re going to spend a lot of time and money fixing the property you just bought. There are going to be a lot of renovations that your property may require. Sometimes, those properties no longer adhere to current building codes. It takes a bit of decision-making when it comes to house flipping. There’s a balancing act that happens every time you flip a house.
There are two major training programs that 7 Figure Flipping offers. One is the 90-Day Deal Academy. And the other is the 30 Days to $500K Challenge. Surprisingly, both of them mention the costs of joining up top. 90-Day Deal Academy costs a one-time purchase worth $997 while the 30 Days to $500K Challenge costs a one-time purchase worth $497. Neither of them are cheap. But most of the other training programs I have reviewed cost somewhere within that range.
What’s The Difference Between The Two?
Let’s start off with the 30 Days to $500K Challenge. I initially thought that this particular program was about earning $500 thousand from a flip within 30 days. Considering that this is 7 Figure Flipping we’re talking about, it just made sense, right? But I was pleasantly surprised to find out what this challenge is all about.
When you pay the $497, it seems that you’re going to get tips on how to earn the $500 thousand from interested investors. The 30 Days to $500K Challenge is about fundraising, in a sense. You’re paying almost $500 to learn how to raise money from private funds. And judging from the screenshots of testimonials, you’re going to do livestreams or something. Some of them did. But you’re basically going to ask people if they’re willing to invest money into your real estate venture. So by the time that you’ve sold a property using the money you’ve raise, you’re probably going to give them a return on their investment? I think that’s how it works. It’s weird that you have to pay Bill Allen $497 just so you can learn to raise funds.
The 90-Day Deal Academy is the one that’s about house flipping and wholesale real estate. It’s pretty much the standard training program model. There are separate video course related to house flipping and wholesale real estate. Aside from that, there are bonus materials related to marketing and sales tactics. There’s also weekly coaching calls with each participant and a VOD link. Then there’s a private Facebook group where you can chat with fellow participants and even Bill Allen.
Nothing about this particular program is any different from the other real estate training programs I have reviewed. The 90 days, in this sense, is how long the program takes. So you’re spending three months learning how to make good decisions when it comes to becoming a real estate investor.
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Final Verdict – 7 Figure Flipping
There’s nothing in either of the two programs that 7 Figure Flipping that makes it worth the money. The existence of the 30 Days to $500K Challenge is really confusing for me, personally. But I understand that not everyone who gets into real estate investing has the kind of money to purchase their first property.
And that’s really the problem with real estate investing, in general. It takes a lot of time and money to make it worth something. That’s why it’s hard to recommend anybody to actually try out real estate investing. It’s not guaranteed that you’d be earning huge amounts of money from your flips. You could possibly earn money by turning that property into a rental. But the market right now is kind of volatile.
If you really want to learn more about real estate investing, there are free resources out there on the internet. You don’t have to pay a ton of money to learn. But you should also try to find an actual real estate investor who’s willing to show you the ropes. Sometimes, it’s better to find people you can actually see in real life.
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