Going to courses and seminars and reading books by so-called gurus, Catherine Bell discovered that all these gurus have a few things that are very similar. While there’s never really a cardboard cutout of them, they all have this similar three-step sales process which starts with a weekend or day training, upgrading to boot camps, and then a full-blown mentoring program. Catherine is VP of Operations for Flipping Females, a group of successful investors that mentor and train people on how to become successful real estate investors in the world of fixing and flipping properties. The company was founded to prevent people from getting ripped off by these enterprising gurus who’ve actually never done a fix and flip ever in their life and yet they were claiming to teach it. Catherine says if you’re going to learn fix and flipping, you can’t learn it through a book, a webinar, videos, or a phone conference. You actually need to have your boots on the ground learning exactly how to manage everything that comes up in a fix and flip.
Catherine Bell, VP Flipping Females, Mentoring And Training Entrepreneurs To Fix And Flip Properties
We’re incredibly fortunate we’re operating remote in a conference in Tampa, Florida. I have Catherine Bell. She’s from Scottsdale, Arizona, and she’s the VP of operations for Flipping Females.
Yes, thank you.
With the name Flipping Females, folks are going to go, “What in the world is Flipping Females?”
What the Flipping Females is, is we are a group of successful investors. Most of us are all women, and we mentor and train people how to become successful real estate investors in the world of fixing and flipping properties.
There’s a lot of attention and a lot of media in the flipping world and TV. How long have you been up to this?
We’ve been doing this for almost five years.
You’re across the Phoenix area?
We are, and we’re in Las Vegas and moving into Texas as well.
How in the world did you get started?
The company Flipping Females, how it got started was all of us being successful investors. As an investor, we’re always learning, growing, expanding, figuring out how to be a better investor, and how to have our ROI be better. We’re always going to courses, seminars, and reading books, whatever it is. Ultimately, what happened was there were the gurus that come to town all the time and teach these courses. We, as investors, would always go because if we could learn one new thing that has us be a better investor, it was completely worth our time and money. We kept going. Inside of that, what we discovered was all these gurus have a few things that are very similar. One, the guru was just a cardboard cutout of them. Two, that they all have this similar three-step sales process. The first one is you go to a weekend or day training, it’s free. Then they upgrade you to the boot camp, which is usually a little bit longer. Then the whole time they’re at that, they are having you increase your credit card limits for the purpose of what they say is real estate investing, but at the end of the day, they just want you to pay $60,000, $70,000, the latest I heard was a $120,000 for their mentoring program. That wasn’t okay with us.
The founder of the company, we’ve done hundreds of these projects and inside of conversations with several of the people that were running the event, it was pretty easy to determine that they’d never done a fix and flip ever in their life and yet they were claiming to teach it. There was a little old lady, she was about 70 years old and she got up and started walking to the back of the room with her credit card to put down $60,000. He stood up and said, “Hold on. What are you going to teach her that she’s...