My first thought when I looked at Flipping4Profit is that it was too good to be true. Becoming a member costs you $100 and it's not overly clear what the minimum investment is. It's all very eye friendly the website but there's not enough proof of purchases - documents and the like.
I would not like to say that it's a scam for sure, as I have no proof but websites that specialise in flipping real estate profits are often based on a pyramid scheme. What they do is pretend that the house was sold for a higher amount than it actually was, investors are happy with their returns and word spreads, more people plough money in until one day it eventually collapses.
As with all pyramid schemes, if you get in early you can actually make a profit, regardless or not of it's legitimacy. If you recommend it to your friend's or business partners, you could potentially lose those ties when it all goes pear-shaped.
I would not like to say that it's a scam for sure, as I have no proof but websites that specialise in flipping real estate profits are often based on a pyramid scheme. What they do is pretend that the house was sold for a higher amount than it actually was, investors are happy with their returns and word spreads, more people plough money in until one day it eventually collapses.
As with all pyramid schemes, if you get in early you can actually make a profit, regardless or not of it's legitimacy. If you recommend it to your friend's or business partners, you could potentially lose those ties when it all goes pear-shaped.
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