BBB warns against house flipping seminars

1 year 6 months 5 days 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
COLUMBIA - A potential fire station project on an annexed lot in southwest Columbia could lead to quicker response times... More >>
14 minutes ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:21:00 PM CDT April 20, 2018 in News
JEFFERSON CITY - After the deadly fire in Osage, officials from the Division of Fire Safety are working to remind... More >>
34 minutes ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:01:00 PM CDT April 20, 2018 in News
JEFFERSON CITY - For 13 years, Rhonda Harper has been at the helm of Lincoln University's "Marching Musical Storm." ... More >>
1 hour ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 2:26:00 PM CDT April 20, 2018 in News
COLUMBIA - It’s been a little more than two months since the Stoneman Douglas school shooting in Parkland, Fla., and... More >>
1 hour ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 2:04:00 PM CDT April 20, 2018 in News
ST. LOUIS (AP) — Authorities say a suburban St. Louis police officer fired at a would-be robber about four weeks... More >>
2 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 1:35:11 PM CDT April 20, 2018 in News
JEFFERSON CITY (AP) — Lab tests on an unknown substance sent to a Missouri lawmaker suggest it was pesticide.... More >>
2 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 1:31:19 PM CDT April 20, 2018 in News
COLUMBIA- Slimy fish, boat rides, hiking and tasty leaves are a few things 4th grade students experienced on Friday. ... More >>
2 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 12:59:00 PM CDT April 20, 2018 in News
COLUMBIA - Assistant Principal Katie Helfer said it has been a long time coming, but Our Lady of Lourdes Interparish... More >>
3 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 12:21:00 PM CDT April 20, 2018 in Top Stories
LEE'S SUMMIT (AP) — Lee's Summit police are looking for a suspect after a woman was fatally shot inside... More >>
4 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 10:57:58 AM CDT April 20, 2018 in News
CLARKSBURG - Deputies arrested a man Wednesday after they said they found marijuana, drug paraphernalia and cocaine. Deputies went... More >>
4 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 10:54:00 AM CDT April 20, 2018 in News
COLUMBIA - Columbia Police have arrested a third suspect in relation to a March 26 shots fired incident in the... More >>
5 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 10:21:00 AM CDT April 20, 2018 in Top Stories
COLUMBIA – Marijuana advocates chose 4/20 as their day to celebrate, but this year, those in Missouri are hoping Nov.... More >>
5 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 10:16:00 AM CDT April 20, 2018 in News
SPRINGFIELD (AP) — Authorities say a Springfield man charged with fleeing from officers and causing a deadly Springfield crash had... More >>
6 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 9:35:00 AM CDT April 20, 2018 in News
KANSAS CITY (AP) — The University of Missouri-Kansas City plans to eliminate 17 academic and administrate jobs. The Kansas... More >>
6 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 9:30:21 AM CDT April 20, 2018 in News
COLUMBIA - The Columbia Missouri National Education Association held a rally on Friday commemorating the 19th anniversary of the Columbine... More >>
6 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 9:27:00 AM CDT April 20, 2018 in News
SPRINGFIELD (AP) — A homeless man has been convicted in the stabbing and beating death of a Springfield woman... More >>
6 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 9:25:18 AM CDT April 20, 2018 in News
OSAGE COUNTY - The Osage Sheriff's Office arrested a wanted felon out of Callaway County Thursday night. According to... More >>
6 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 8:51:00 AM CDT April 20, 2018 in News
CENTRALIA - Two people were arrested for drug trafficking in Centralia Thursday night. According to the Centralia Police Department,... More >>
7 hours ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 8:04:00 AM CDT April 20, 2018 in News
Columbia, MO
Broken Clouds 62°
4pm 64°
5pm 63°
6pm 63°
7pm 60°