BBB warns against house flipping seminars

11 months 1 week 1 day ago Friday, October 14 2016 Oct 14, 2016 Friday, October 14, 2016 3:34:00 PM CDT October 14, 2016 in News
By: Abby Breidenbach, KOMU 8 Reporter

COLUMBIA- The Better Business Bureau warns against a series of house flipping seminars coming to Columbia in October.  

This is the second round of these seminars in Missouri. The Utah-based company, Premier Mentoring is back after their last seminar here five months ago. This time the program just has a new name, 'Success Path.'

Premier Mentoring received a 'D' rating from Better Business Bureau. There were more than 260 complaints about the group's real estate seminars.

Invitations that came in the mail call this a "wealth building event," that will teach attendees how to flip houses for a profit.

The program website also mentions guest appearances from HGTV stars.

"Always read the fine print," warned Sean Spence. He's the regional director from the mid-Missouri Better Business Bureau.

Molly Horak from the Susan Horak Realty Group in Columbia described "house flipping" as "buying a home that isn't ready for sale, putting in the work to fix it up, and selling it at the price it would have been if it had been updated. In that equation, you can actually make a bit of profit."

She advised, seminars are unnecessary for somebody who wants to flip houses.

"If you're looking to flip houses, you're better off hiring a local realtor to help you out. Chances are their advice will be free too." Horak said 

The Better Business Bureau warns, though these seminars are free, they are mostly an extended sales pitch. Once people get there, they will be prompted to spend thousands of dollars to learn something, join a mentor program or receive any actual training.

Horak added, local realtors know the most about the local market, homes in the area and local services to use when buying and re-selling.

More News

Grid
List
JEFFERSON CITY (AP) — Gov. Eric Greitens will begin his first trade mission Saturday when he and First Lady Sheena... More >>
8 minutes ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 5:20:15 PM CDT September 22, 2017 in News
COLUMBIA - Jefferson City Public Schools Superintendent Larry Linthacum released a letter addressing the three students who posted a picture... More >>
1 hour ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 4:05:00 PM CDT September 22, 2017 in News
COLUMBIA - The Missouri Orthopaedic Institute is now offering a free sports clinic called Friday Night Lights. Sports physicians... More >>
2 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 3:15:00 PM CDT September 22, 2017 in Continuous News
COLUMBIA (AP) — A county clerk in central Missouri has determined that Attorney General Josh Hawley lawfully voted in a... More >>
2 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 2:59:39 PM CDT September 22, 2017 in News
JEFFERSON CITY - Twenty-four clinics across the state were selected to receive a federal grant to fund programs that treat... More >>
2 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 2:50:00 PM CDT September 22, 2017 in News
HOUSTON, Mo. (AP) — A man and two women are charged in the killing of 17-year-old whose burned remains were... More >>
4 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 1:22:00 PM CDT September 22, 2017 in News
COLUMBIA - The UM System hired a large public relations firm to help "craft its message and avoid perception crisis,"... More >>
4 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 1:21:00 PM CDT September 22, 2017 in News
SPRINGFIELD (AP) — The property owner of a former homeless camp site is suing a southwest Missouri city and a... More >>
4 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 1:17:30 PM CDT September 22, 2017 in News
NEW YORK (AP) — Walmart is testing a new service that lets a delivery person walk into your home when... More >>
4 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 12:35:16 PM CDT September 22, 2017 in News
ST. LOUIS (AP) — A St. Louis County outlet mall is being targeted by protesters one week after a judge... More >>
5 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 11:48:00 AM CDT September 22, 2017 in News
CENTRALIA – While the Centralia Panthers have rolled off five straight wins to open each of the last three years,... More >>
6 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 11:15:00 AM CDT September 22, 2017 in Friday Night Fever
ST. JOSEPH (AP) — St. Joseph police are investigating the death of a 77-year-old woman as a homicide and her... More >>
6 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 11:08:00 AM CDT September 22, 2017 in News
LAWRENCE, Kan. (AP) — A second man has been charged with killing one man and wounding two others at a... More >>
6 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 10:44:53 AM CDT September 22, 2017 in News
JEFFERSON CITY (AP) — Gov. Eric Greitens has appointed two new members to the Missouri Highways and Transportation Commission. ... More >>
7 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 10:25:18 AM CDT September 22, 2017 in News
COLE COUNTY – A boil water advisory is affecting around 1,000 customers in the small town of Wardsville. The... More >>
7 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 10:10:00 AM CDT September 22, 2017 in News
CAMDEN COUNTY - A Camden County deputy looking for a runaway teenager said he encountered a man who at one... More >>
7 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 9:50:00 AM CDT September 22, 2017 in News
ST. LOUIS (AP) — Hundreds of mostly white protesters gathered Thursday in downtown St. Louis and marched, chanting "white silence... More >>
8 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 9:18:00 AM CDT September 22, 2017 in News
COLUMBIA - Thursday kicked off Budweiser’s latest effort in its campaign to prevent drunk driving. Missouri is one of... More >>
10 hours ago Friday, September 22 2017 Sep 22, 2017 Friday, September 22, 2017 7:19:00 AM CDT September 22, 2017 in News
Columbia, MO
Broken Clouds 90°
6pm 90°
7pm 86°
8pm 82°
9pm 79°