BBB warns against house flipping seminars

1 year 1 month 4 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 - If experience is important for success in sports, basketball players worldwide have much to learn from the Granny... More >>
20 minutes ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 10:53:00 PM CST November 18, 2017 in News
ST. LOUIS (AP) — The nonprofit group behind the long-delayed streetcar set to operate in St. Louis' Loop area and... More >>
2 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 8:41:00 PM CST November 18, 2017 in News
BOONE COUNTY - A 19-year-old college freshman was driving home for Thanksgiving break Saturday when a tire on his car... More >>
3 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 7:15:00 PM CST November 18, 2017 in News
COLUMBIA - Dozens of people came out Saturday for the eighth annual Fall Into Art show at Parkade Plaza. ... More >>
5 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 5:19:00 PM CST November 18, 2017 in News
HARRISBURG - A warm bed, a hot meal, and hugs from a loving family member are common enough memories for... More >>
8 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 3:00:00 PM CST November 18, 2017 in News
CAMDEN COUNTY - Two Osage Beach residents were pronounced dead early Saturday morning following a single-car crash late Friday night.... More >>
8 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 2:54:00 PM CST November 18, 2017 in News
JEFFERSON CITY - A Macon man and two others were hospitalized Saturday morning in one of two crashes that occurred... More >>
8 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 2:24:00 PM CST November 18, 2017 in News
COLUMBIA – New blood pressure guidelines mean nearly half of adults in the U.S. that did not have high blood... More >>
9 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 2:12:00 PM CST November 18, 2017 in News
ST. LOUIS (AP) — Officials are testing for asbestos among the debris left from a massive St. Louis warehouse fire.... More >>
9 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 1:17:00 PM CST November 18, 2017 in News
ST. LOUIS (AP) — A Missouri prosecutor will not file criminal charges against a Southwest Airlines pilot arrested after Transportation... More >>
10 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 1:07:54 PM CST November 18, 2017 in News
ST. LOUIS (AP) — A St. Louis man is facing charges for allegedly shooting a mechanic in a dispute over... More >>
10 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 12:59:00 PM CST November 18, 2017 in News
KANSAS CITY, Mo. (AP) — The Christmas holiday begins this weekend at Union Station in Kansas City. The station... More >>
10 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 12:55:00 PM CST November 18, 2017 in News
JEFFERSON CITY, Mo. (AP) — The state of Missouri is looking for input on how to spend $41 million from... More >>
10 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 12:41:00 PM CST November 18, 2017 in News
COLUMBIA- The Columbia Holiday Festival is giving local vendors a platform to support mid-Missouri charities this weekend. The Holiday... More >>
11 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 11:42:00 AM CST November 18, 2017 in News
COLUMBIA - Columbia police and fire department units responded to reports of an overturned car at Grayson Cottages early Saturday... More >>
15 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 7:53:00 AM CST November 18, 2017 in Continuous News
CAMDENTON - The place a man envisioned as his retreat away from the hustle and bustle of regular life now... More >>
16 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 7:05:00 AM CST November 18, 2017 in News
COLUMBIA - Shots were fired in downtown Columbia early Saturday morning in an area typically packed with late night celebrants.... More >>
22 hours ago Saturday, November 18 2017 Nov 18, 2017 Saturday, November 18, 2017 12:49:00 AM CST November 18, 2017 in News
COLUMBIA - One person was hurt in a crash on Stadium Boulevard at the intersections of East Pointe Road and... More >>
1 day ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 9:12:00 PM CST November 17, 2017 in News
Columbia, MO
Broken Clouds 38°
12am 38°
1am 36°
2am 34°
3am 33°