Flip Me is marketed as the “Fix ‘n’ Flip” blueprint used by Jamil Damji and Pace Morby on their TV show titled Triple Digit Flip. In an ad for this program, Jamil quickly dismissed the usual thoughts on flipping, or doing real estate in general, as something that requires lots of money, time, and experience. “That is not true at all IF you have help,” Jamil asserted. Is Flip Me a worthy help on flipping houses or just another flop that’ll make you flip the finger? Find out below.
In the ad mentioned earlier, Pace also mentions that Flip Me is not your usual snoozefest of a course brimming with useless contents that you won’t watch. “We have zero interest in that, and we know you have zero interest in watching that,” Pace continues. Instead, Flip Me would be them telling you what to do every single day for 7 days in order to find your first successful flip. And not just any flip, Pace seems to suggest a triple-digit one just like the name of their TV show.
So, what are the tools, tips, and tricks that you’ll get once you sign up for the Flip Me Challenge? To start the training on a good note, day 1 would be all about the triple-digit flip mindset. The main takeaway here is that you need to look at this endeavor as a collaboration rather than a competition. Then, you’ll learn the foundations of flipping, from entity setup to knowing the most profitable renovations, on day 2.
Meanwhile, days 3 and 4 will walk you through the info you need on full renovation and design. This is the “fix” part of Jamil and Pace’s “Fix ‘n’ Flip” method. Things like knowing the bestselling design for the big 4 of home interior (paint, trim, windows, and roof), the small upgrades with huge ROI that are usually overlooked, and the usual renovations required on a property (looking at you, kitchen and bathroom reno). In short, all the necessary fixes to make your property stand out for that easy-peasy lemon-squeezy flips.
For the “flip” part of the method, days 5 and 6 would be all about finding your first flip. Here, they’ll caution you against taking any flip opportunities that are up-for-grabs. Not every deal is created equal, and there are some that you shouldn’t take at all unless you have a knack of wasting time and money. Aside from that, you’ll also get some nudge on where to start finding the right deals plus tips on using ads and marketing campaigns for such. Specifically, they’ll give some insights on Pay Per Click (PPC), Search Engine Optimization (SEO), and virtual driving for dollars.
Finally, day 7 would be the challenge sendoff. It’s like them, Jamil and Pace, saying to go forth and conquer aka start flipping. And just like fighting in a battlefield, they’ll equip you with the finest weapons aka the extra resources and tools they personally use on every flip.
To summarize, the Flip Me challenge contains 20 lessons of about 3 hours and 40 minutes. The cost of Flip Me? In celebration of launching their TV show, or so Pace says, Flip Me is priced at only $47. “The cost of a dinner out,” as written on Flip Me dot com.
So, what’s my verdict? Flip Me is reasonably priced for an organized training compared to finding everything by yourself on YouTube, and that’s a plus in my books. But I won’t bulge on paying for it for a whole ‘nother reason. And that reason would be the business model of Flip me itself which is, duh, flipping houses.
It’s really simple why I’ll pass on this biz. Besides the high capital requirements just for being under the umbrella of real estate, it’s also getting more competitive than ever. Heck, even finding a house to fix and flip is damn hard in the first place. I don’t think a novice flipper, with only Flip Me under their belt, would be able to flip as fast as 7 days. Even the flipping veterans are down to one or two big deals a year based on news reports, so expect a tougher road ahead as a newbie.
To make matters worse, the profits from the said biz are on a downward trend as well. Stats don’t lie, and it tells us that expected ROI from flipping is only averaging at 31% – the lowest margin since 2008. This is the kind of dip that you wouldn’t want.
Ultimately, bad biz model or not, I also don’t appreciate the immediate upsell in Flip Me. $37 just for access to a community group? B*tch, I’m good. TBH, I see this as a lure to Jamil’s AstroFlipping and Pace’s Subto. Writing’s on the wall, the testimonials for Flip Me are actually mentioning the said pricier programs.