Today we will be reviewing a program called The Flipping Formula. Is The Flipping Formula legit? Find out in this The Flipping Formula review.
We are all on the verge of extinction as a result of the current state of the Earth. That is, at least, how the majority of us feel. We’re worried because we don’t know what will happen next. Is it possible to bring the world back to normalcy?
The majority of us barely make ends meet. Utilities and rent rates continue to rise. Wages, on the other hand, have remained unchanged throughout time. Companies have lowered pay dramatically as a result of the epidemic. Either you choose to accept it or resign.
Of course, this is unjust, particularly if you have worked for a company for a long time. You, on the other hand, cannot afford to quit your current employment. It would be a bad decision, given how competitive the employment market has become.
This is one of the reasons why so many people create side businesses. People would do anything to get additional money, from starting internet businesses to freelancing.
What brought you to this The Flipping Formula review is the prospect of making some money on the side. Luckily for you, I did my research, so I’ll be able to tell you whether this program can help you find your way to financial freedom.
Before you decide to commit to this company, you should read this The Flipping Formula review first. You should check if it is worth your time before you pay for it.
DISCLAIMER: This is a fully independent review. I’m not affiliated with The Flipping Formula in any shape or form whatsoever.
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The Flipping Formula Review: Quick Details
- Name: The Flipping Formula
- Type: Online Class/Masterclass
- Niche: Real Estate Flipping
- Owner: Peter Souhleris, Dave Seymour
- Price: Unspecified (expect to pay $3k+)
- Recommended?: No, because what you can learn from this course can be found online for free.
What is The Flipping Formula?
You have probably seen a TV show like this before, where the hosts look for run-down properties, then they spruce it up to find a buyer. Most of the time, the hosts would be marveling at the fact that they are making profit, considering how much they spent on the property and the necessary renovations.
When it comes to TV shows like these, who wouldn’t be amazed? After all, if you have some extra cash to spare, why not go into the house flipping business? After all, wouldn’t it be fun to do?
It does seem pretty fun and lucrative, and that is exactly what Peter Souhleris and Dave Seymour are trying to make us realize. After all, that is what their program is all about – teaching people how to flip houses.
For this review, I will be helping you out with knowing whether real estate business is the right business for you.
Who are the Creators of The Flipping Formula?
Peter Souhleris
Peter is the co-founder of CityLight Homes & The Flipping Formula, a real estate teaching program which has a nationwide reach. Part of his history includes growing up in Lynn, Massachusetts, where he acquired an interest in architecture.
His zeal drove him to pursue his studies at Wentworth Institute in Boston, where he earned a degree in architecture. After graduating, he was hired by a small company.
He did, however, want to explore his interests further, so he decided to start his own business. He is an expert in home design, and he has been sought out by numerous major television networks.
As a result, Pete and Dave came up with the idea for the A&E show Flipping Boston.
He and his wife also launched the Christian Angel Smile Foundation in 2007, in addition to their own business. During the Christmas season, he and his wife, Desi, donate food and other needs to children in need. Peter also works as a DJ, which is a fascinating fact about him.
Desi Souhleris
Peter’s wife, Desi Soulheris, has also been involved in CityLight Homes and The Flipping Formula. She helps with designing the homes. She was also featured on the A&E show Flipping Boston.
Dave Seymour
CityLight Homes & the Flipping Formula were co-founded by Dave Seymour. Prior to forming CityLight Homes with Peter, he owned and operated his own construction firm.
He was able to improve his construction and project management methods as a result of this. The A&E series Flipping Boston was conceived by Pete and Dave.
He spent fifteen years with the Lynn Fire Department as a medic and fireman. Dave is from London and moved to America in 1986, which is an interesting fact about him.
He attended many real estate investment seminars in 2008 and was invited to teach the principles to a large number of individuals in the United States and Canada.
He currently has a wife and three sons.
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The Flipping Formula Overview
Multiple basic training workshops are being held around the country by The Flipping Formula, a training program that teaches people how to start a real estate investment business.
The course was created by Peter Souhleris and Dave Seymour, hosts of A&E’s smash house flipping show called Flipping Boston. It is based on the strategies they used to build a successful real estate company.
Pete and Dave founded their real estate investment firm in the midst of one of the biggest housing crises in American history. They took advantage of the most difficult economic circumstances to get to the top. Their unique property flipping methodology is the key to their success.
They know when others are afraid to buy, according to Peter. They don’t utilize traditional lines of credit to purchase homes; instead, their lenders fund the cost of the purchase. They’ll fund it regardless of market conditions if it’s a good offer.
Dave and Peter acquire the run-down homes and renovate it to make it the prettiest property on the block. They want to show that even in undervalued markets, investors can earn a profit.
The Five-Step Strategy Guide for Real Estate Investing
The Flipping Formula is a real-estate approach that includes a Five-Step Strategy Guide that has shown to be successful for its founders, Peter Souhleris and Dave Seymour.
These two individuals have formed a company and claim to have purchased and sold real properties for millions of dollars.
In a nutshell, the partnership buys properties and renovates them to construct fully finished, enhanced, and freshly planned homes.
Peter and Dave don’t keep their information to themselves. They provide in-person lectures as well as Online Resource Centers.
Is The Flipping Formula Legit?
The Flipping Formula isn’t a scam. It contains useful information for real estate investors who are interested in flipping properties.
It is feasible to develop a profitable and successful real estate flipping business. But there are better methods to do so. There are better ways to make profit, ways which are not as tedious as real estate flipping.
While there are various house flipping courses to choose from, keep in mind that not all real estate markets are created equal. Because real estate is a long-term investment, you’ll need money up front and a good credit score to qualify for low-interest loan programs.
None of these real estate flipping workshops, including The Flipping Formula, claim to be able to make money materialize out of thin air. Make an informed decision and invest carefully if you decide to attend a property flipping course.
So, yes, investing in real estate might bring you money, but it also needs you to put money out of your own pocket.
Is Real Estate for Everyone?
In this part of The Flipping Formula review, you will learn whether real estate is the venture you should get into or not.
Real estate acquisition is not a cheap endeavor. You can’t just get into real estate on a whim. Choosing a real estate-related business is a major life choice, and something you need to ponder on carefully.
The process of buying and selling real estate properties is romanticized in many reality television shows, as if it were simple. This business is not as straightforward as the media portrays it. It involves a lot of complex processes, and you are required to understand them all.
The first stage is to have a basic understanding of the real estate market and how to make property investments. It’s going to be a long journey ahead of you, and it’s not going to be easy. Prepare to confront several obstacles, including budget overruns and rejection.
If you want to succeed in real estate, you’ll need a lot of money. I propose searching for another business to start if you don’t have any money. The cost of investing in real estate is very high.
Let’s be honest: flipping houses is a risky business that isn’t worth it in some regions. Actually, there is a significant portion of flipped houses sold with no profit margins or at a loss before costs.
Remember that you should always be cautious when paying for anything that promises to bring you money quickly.
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Alternatives to The Flipping Formula
There are simply a lot of tedious things that come with real estate flipping in order to gain financial independence and get the wealth you have been dreaming of.
It’s not impossible to make money flipping houses, but if you’re going to put in the time and effort to learn the ropes, you may as well make some real money while you’re doing it.
If you are looking for a way to learn how to build your real estate business, then maybe a good course could help you with it. This course can definitely teach you how to flip houses, but is it really the real estate investing business you want to get into?
Let me reiterate a pretty good point: real estate cannot work for everyone. If you ask me, it is better to study other easier prospects and would not require that much initial investment from you.
Final Verdict – The Flipping Formula
Before I end this The Flipping Formula review, I would like to share a few more insights that could help you.
Starting a business is always a risk. You should be conscious that not every business opportunity will turn out the way you expect. This is why those who wish to establish a business have the option to take courses like these.
However, the price of courses might be pretty high. You must pay a large sum of money for them. The prices appear to be out of reach for the average person, which is why most people choose to study from internet resources instead.
I wouldn’t advocate buying a course unless you’re certain you’ll be working in that industry. After all, the courses should be included in your initial investment.
You’ve undoubtedly realized how tiresome this endeavor is may be now that you’ve reached the end of this review. Instead, I suggest you begin a different venture.
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