BBB warns against house flipping seminars

7 months 1 week 2 days ago October 14, 2016 Oct 14, 2016 Friday, October 14 2016 Friday, October 14, 2016 3:34:00 PM CDT 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 - MU has found its new chancellor. On Wednesday, UM System President Mun Choi introduced Alexander Cartwright as... More >>
1 hour ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 12:10:00 AM CDT in Top Stories
FAYETTE - The city of Fayette Wednesday night issued an immediate boil advisory until further notice for all residents affected... More >>
3 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 10:06:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — A Democratic state lawmaker has taped messages from constituents to Republican Gov. Eric Greitens's door... More >>
5 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 8:28:50 PM CDT in News
COLUMBIA - A Target 8 investigation background checked Columbia Uber drivers and took a closer look at the ride-share company’s... More >>
6 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 6:57:00 PM CDT in Target 8
MOBERLY - Moberly no longer will euthanize animals with a gas chamber. In exchange for getting rid of the... More >>
8 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 5:39:00 PM CDT in News
COLUMBIA - Columbia visitor Zach Walther describes Uber as "convenient." The 23-year-old frequently uses the ride-sharing app, which arrived... More >>
8 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 5:28:00 PM CDT in Target 8
ST. CHARLES - The third day of the murder trial involving the death of a Missouri state trooper ended with... More >>
8 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 5:20:00 PM CDT in News
OSAGE BEACH - Two detention officers were recognized by the Missouri Sheriffs Association for taking quick action that saved the... More >>
9 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 4:19:00 PM CDT in News
JEFFERSON CITY- Gov. Eric Greitens is looking to Washington for financial help to help those affected by major flooding in... More >>
9 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 4:05:00 PM CDT in News
JEFFERSON CITY – As Missouri lawmakers continue discussions regarding the so-called "steel mill bill," legislators from both sides have pitched... More >>
10 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 3:41:00 PM CDT in News
KANSAS CITY – A Columbia man was sentenced in federal court for his role in a conspiracy to distribute methamphetamine.... More >>
11 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 2:55:00 PM CDT in News
COLUMBIA - Columbia Police officers took a 15-year-old male into custody after receiving reports of the student threatening violence at... More >>
11 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 2:31:00 PM CDT in Top Stories
MANCHESTER -Manchester, England is roughly 4,000 miles away from Missouri. But for students studying abroad, it can feel like a... More >>
12 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 1:02:00 PM CDT in Top Stories
COLUMBIA — Callaway County Sheriff's deputies arrested a Columbia woman after they pulled her over and discovered she had a... More >>
13 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 12:51:00 PM CDT in News
KANSAS CITY (AP) — A health system based in Kansas City, Missouri, has signed an agreement with Washington University in... More >>
14 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 11:49:52 AM CDT in News
KINGDOM CITY — A Fulton man was taken into custody last night after a short vehicle pursuit on Old Highway... More >>
14 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 11:15:00 AM CDT in News
COLUMBIA (AP) — Authorities are investigating the deadly shooting of a 28-year-old man in northeast Columbia. Police said in... More >>
15 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 10:23:00 AM CDT in News
CLAYTON (AP) — A bat in St. Louis County has tested positive for rabies, and health officials say it should... More >>
15 hours ago May 24, 2017 May 24, 2017 Wednesday, May 24 2017 Wednesday, May 24, 2017 9:59:00 AM CDT in News
Columbia, MO
Broken Clouds 51°
2am 52°
3am 51°
4am 50°
5am 49°