Flipping is a Job. Before you even think about flipping a house, remember this: Flipping a house is. 80 Followers, 177 Following, 7 Posts - See Instagram photos and videos from Eryn Coleman. Realtor (@themoneyrealtor). The Money Flipping Scam. Scammers know that people are desperate for money and will do whatever it takes to make more money. Scammers know this and have created the money flipping scam that is hard to resist. You receive a message, claiming that you can earn two, three even ten times more money than you are earning now within minutes.

No, this is a scam that’s going around on Instagram and other social media sites. It’s hard to believe people fall for this obvious scam but people do. It’s sometimes called the Money Pak Scam.

You will find a variety of pictures on Instagram that claim you can turn a small investment of $100, $200, $300, $400 or more into sums of $1,000 $2,000, $3,000 and so on using a simple hack or by exploiting a quirk in the monetary system .

They may even provide so called “text proof” that the Money Flip Works. It’s not exclusive to Instagram and has seen on Facebook. The scam goes a bit like this.

The scammers claim that they use special software to hack into the servers of Western Union, Green Dot, or MoneyGram and then they manipulate the amount of money in their computer system. They will then ask for a few minutes to “hack into the system” and flip the money you invested.

One such message read:

I am Debby from Abuja Nigeria. I work at Western Union and money gram flip cash Investment tip (Flip cash) is the process whereby the amount you flip is multiplied by 3 through the process of crypto currency. If you invest with us 30% we be yours while 30% we be mine and the 40% we be for the investment company.

For example if you flip(10k) it will be multiplied to 100k, 30k will be yours and 30k will be mine and 40k will be for the investment company…. for more information contact the management on this No +2347057440973or message me on whatsapp.

Thanks for your cooperation
Best regards…

What they ask you to do is send money through Western Union, Green Dot, or MoneyGram. Right there you need to stop. You cannot just manufacture money out of nothing.

If you send money throough any of these money transfer companies and don’t notify them before they pick up your money, you’re out of luck. They will then take your money and claim they will flip it and make more, then they will just block you and delete all of your comments trying to warn people about this scam.

As one commenter put it below “Wire transfer companies don’t manufacture money out of thin air. Even if it were possible to modify the amount of the transfer (it isn’t, there are too many safeguards), it would be a crime!. People who fall for this and then call the transfer company asking for help are basically saying, ‘Hello, I tried to defraud you and it didn’t work, will you give me back my money?’

If you were scammed or came close to being scammed by money flipping please comment below:

YouTube/A&E

By/Jan. 24, 2017 7:00 am EDT/Updated: Aug. 20, 2020 3:06 pm EDT

Fireworks tend to fly in Sin City whenever Scott and Amie Yancey showcase their latest in a slew of homes they flip for A&E's hit series Flipping Vegas.

The show that ran for five seasons from 2011 to 2014 followed real estate mogul Scott Yancey and his team, which includes wife Amie, an interior designer who doesn't always agree with Scott's vision as they breathe new life into run-down properties. The attraction to the show seems to be the volatile relationship between the couple as they hem and haw over finances from the moment the property is purchased, through demolition and renovation, to the open house, where they tend to make a very sweet profit.

Apart from the inevitable arguments and crazy antics that explode on screen, there is much more that happens behind the scenes. Needless to say, with the couple's success, comes with some controversy.

Scott began his career at 14

Is the flip money on instagram real time

Real estate guru Scott Yancey is the founder of the Goliath Company and has been in the business from a very young age. According to his website, Scott made his first real estate deal at the age of 14. The story of Scott's success begins with an accident that led to a $30,000 insurance settlement. With a portion of the settlement, Scott purchased a small second trust deed on a home in Studio City, California. The savvy purchase earned him 14 percent interest. From there, he expanded his business and used his money to gobble up property and flip hundreds of houses, becoming a multi-millionaire in the process.

Scott closed one of his more impressive deals while still in college, when he turned a 40-unit apartment complex and some land deals into 3,000 subsidized lots.

Scott succeeded without a college degree

Scott likes to remind people he made his fortune from the ground up and was not born with a silver spoon in his mouth.

'I'm not a college graduate.' Scott told Vegas Seven. 'I went to probably five colleges, and I dropped out of them all. I have ADD. I didn't come from money. But you don't need money to be a real estate investor, and that's what I teach people. I did my first land deal on my own without any of my own money, and I netted $2.3 million. I can relate to most of the people who write to me and say, 'I'd love to do what you're doing. I don't like my job, but I don't have any money.' Great, you don't have to. You're right where I started.'

Is The Flip Money On Instagram Real World

Amie never does anything halfway

Amie Yancey serves as agent, investor, and interior designer for the Goliath Company, according to the A&E Flipping Vegas website.

A successful real estate agent in her own right, Amie has sold more than 700 homes on her own since moving to Vegas with Scott in 2004. Like her husband, she has a penchant for speed and daredevil activities. When not grabbing up real estate or arguing over a design detail on a house she and Scott are flipping, she can usually be found with her horses or on one of eight motorcycles that she owns. Her love for anything equine comes from her upbringing on a horse ranch in Canada, notes the show's website.

She can often be seen cruising around Vegas in her Porsche and has a love for dirt biking and just about any sport that includes a set of wheels. She's proud to say she has rolled her sand toy five times.

They almost quit the real estate business

Scott and Amie almost quit the real estate business all together when the market crashed in 2007. That idea changed after Scott overheard a conversation at a Coffee Bean and Tea Leaf restaurant in Summerlin, Nevada. As Scott tells it on his website:

'At the next table, the discussion revolved around the Las Vegas real estate market and the fact that there were homes available to buy for as little as $36,000 that would rent out for $900/month. Just hearing those two numbers put Scott's real estate brain into gear. Two things came to mind immediately, 'You make your money on the buy in Real Estate' and 'fortunes are made in bad economies.'

The Yancey's quickly came to realize the new market offered 'amazing potential for profits in buying real estate at the bottom, rehabbing, flipping and holding rental properties.'

Scott bought 50 properties that year with a 40 percent profit on each one, according to The Las Vegas Review-Journal. Things have slowed down a bit since then and he now buys homes for $100,000 to $500,000 and flips them for an average 20 percent profit

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Scott began his career at 14

Scott succeeded without a college degree

Is The Flip Money On Instagram Real World

Amie never does anything halfway

They almost quit the real estate business

The concept for