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When flipping houses there is always a risk that you could lose money on a deal, but how often do you think you’re about to get scammed? Unfortunately, even with my 18 years’ experience of flipping houses, I was very close to falling for a con. I wanted to make sure that I share this experience with everyone, not just so that you can be more careful in the future, but to remind everyone that this type of scam can happen to anyone.

Today, I share how I was almost conned out of $150,000. I share some of the recorded calls I had with this con artist and show how everything in these calls seemed almost normal. I talk about some of the red flags I discovered upon relistening to the recordings I also explain how I discovered this was a con, and what I could have done to see this con a lot sooner.

“It’s one of those things that can happen to anyone of us. There was no reason to believe that this person wasn’t who they said they were. “- Don Costa

On Today’s Episode of Flip Talk:

  • Listening in on a training call that led to a lead that was a con
  • Walking through why I did not see any problems with this seller
  • Some of the red flags I discovered in hindsight
  • How I discovered this was a con, and how the seller almost got away with it
  • Why you always need to perform a title search on a property

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