This needs to be stopped this house flipping seminar that is being presented in the salt lake city area by Accelerated Wealth Productions in Draper Utah They present themselves as being affiliated with David and Melina Montelongo. I went to one of their 3 day Seminars which cost $1495.00. The first day I got some good info on how to buy and sell real estate. The next two days all they did was talk about getting on the bus and taking a bus tour that lasted 3 days in Las Vegas or a tour in the LA area this costs 20,000 per city.
This is how they do the scam They have their sales people call you out of the room and then they go over your finances to figure out how you can pay for their bus tours. This is done usually by telling people to take out credit cards to get the money to pay the 20,000 that they want for the bus tour what a scam.
I SAW THIS ON INSIDE EDITION WHILE WATCHING TV
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I told my salesman that I could go find a good Realtor in the las vegas area and they could find a good property for me and Guess What I would pay the Realtor their fees get paid by the seller in most cases. I then told my salesman that was working for Accelerated Wealth productions in Utah that I could invest that money into fixing up the house and getting it ready to sell.
The salesman then tried to sell me on the idea of paying a mentor in the salt lake city area 5,000 to have them help find me a house in Utah to buy and flip for profit. I asked him if I could meet the mentor at that time he said no.
I told him the same thing that I could find a local Realtor to find me an investment property .
He then got mad a threw his papers at me and stomped off.
I then got out of the place as fast as I could.
I have never seen such a bunch of snake oil salesmen in my life BEWARE