- Report: #1177143
Complaint Review: Flip Advantage and Premium financial training - Nationwide
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Flip Advantage and Premium financial training
Nationwide, USA
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Flip Advantage and Premium financial training ripoff broken promises. racists Nationwide
Tarek & Christina El Moussa teamed up with a company called Premium financial training. You get tickets in the mail or an email to attend a seminar regarding their HGTV show Flip or Flop and under the name Flip Advantage. The gift you're promised just for attend the one seminar id a cheap no name mp3 player. With also being told Tarek &Christina would be there. They were not present. We were told they could not attenddye to ffilming of their HGTV show.
These people sell you on attending a 3 day seminar for 1997.00. With that you were to access to a line of credit to fund your deals. You also could purpose their product Tax Lien Vault at a discount.
I paid for both with the understanding I could get a refund of the 1997.00 at anytime within 90 days or at the end of 6 mos they would send back your money due to that if you had not written one contract or worked this so called program. However that's not the case. During the 3 day event sseveral were asked to leave and said were given a full refund of their money cause they asked to many questions. Were negative, didn't like how fast the speaker talked, temperature of the room.
I attended this only because of the funding of flips I wanted to due. The speaker referred to himself as being called Fryman. His nickname. Thid event turned my stomach. He put people down left the so called funding or line of credit to the very end. After you are harassed many times to pay this huge out ragious fee to be mentored and attend a Vegas Summit with many stars.
Prices ranged from discounted at the event only. Between 23,000-44,000.00. You were given homework. Get 50 000.00 in seed money. Use your credit cards, home equity lines of credit. Call your family friends. Etc.oh and go apply for new credit cards. If you. Got new cards just show the approval of that card. They had software to build your buyer seller database and find properties before they go into foreclosure. Those who didnt buy into the training which stopped after you closed on properties and got cash to you equal to the amount paid. Training stopped at that time.
Several of us were approached many times trying to get us to fork over money on this program. The speaker called you in so many words worthless, never be anything. Go home set back on your couch watch your tv. Never have anything. If you're broke now not buying this you will remain broke. That they were rich and to hang with them pay up.
I.personally was approached 3 times to pay over 43,000. For this crap they wanted me in their circle cause I have the knowledge and power to do this. We dont get access to any software cause refused to go in debt on the so called program. Also at the end to get a refund they want proof of 25. Rejected contract offers. Copy of your license want at least 3CMAs. Wth is a CMA?
They want all of this to show your picture during events. Embrass you stating look tjis person named so n so couldn't do it. Wouldn't work the program. 60 days to get all this to UT and then they will decide if you get a refund. Which could take up to 60 days to process.
Someone needs to stop this company. Price the same if you were single or a group of 5 working together on houses. Stop putting people in debt. Give refunds on the spot for not delivering what's promisef. Hope this couple removes themselves from this company along with HGTV. they are giving them a bad reputation. Contacting HGTV next.
2 Updates & Rebuttals
todd
Clovis,California,
USA
More Information
#2Consumer Comment
Mon, June 01, 2015
Did you ever get access to the funding partners? It wasn't clear in your email
Yasmine abdullah
detroit ,Michigan,
USA
Not every package is for everyone
#3Consumer Suggestion
Thu, March 19, 2015
I would like to remind everyone that every seminar is not for every individual and when something doesn't click with us we view it as negative. So i would like to tell my positive side because i have been wanting to share a good review but it seems impossible for me to leave a good review anywhere on the internet !
i was an attendee who paid the 1995 for the 3 day package and the 997 for the tax lien. I was never told Tarek&Christina would be there , so i am sorry your group may have been told that, it was made clear to us they wouldn't be and even thought i was a little disapointed we did get a lot of good information for the free event , enought to where we (my husband and i ) knew we had to make the 3 day happen.
The 3 day went over a lot of great information , we learned about credit , lines of credit , the advantages and disadvantages, i learned about percentages , the diffeerence they can make on my over all payments. we learned about foreclosures and assignments. bascially how to legally cover my butt.
The speaker was a lpreacher in someways but some people need that motivation and support because not everyone has that in their lives. Allen was very kind to us and non judgemental to how we view credit. My husband and i are muslim and have not used cfredit , only cash. Allen was very helpful in showing why to use credit.
They also provide you with a consultation where one of the agents sits down with you and they get to know your goals on moving forward with real estate and answer any questions. My husband and i worked with a young woman ( at first we thought was too young) named Katie. She was able to answer all of our questions and explain every step that we needed to take. We tried so hard to raise the money to continue our training and we were not able to follow through. Yes we wanted to do the biggest package but we tried for the smaller one, amd still although we weren't able to come up with the money katie still did not let us down or turn her back on us !
we believe this was us , we believe this is for a lot of people. It is absolutley worth the money if you are serious about eliminating risk. That what was clicked with us , and the best thing she taught us even when we got started on our own was to elimate risk. your consultation may have been different but i still feel that the 1995 was worth our consulation. after we had to cancle and yes it did take a couple days longer than told to be refunded katie continued to work with us. She continued to answer a lot of questions , helped when we needed suggestions for reviewing the rental properties and we still keep in touch. my husband and i are happy to say that almost 7 months later we have successfully flipped our first home in detriot and we have 2 rentals that we bought foreclosed ! keep in mind this is detriot so no we didnt make 300,000 but we made 12k off of our flip that we bought for 15k, and we have two rentals at $550 a month and in detriot that is good money !
again everyones experience is different but we are very thankful we attended the 3 day training with this company and we truley believe they have the best people representing the company.
yasmine & ahmad
