This is the definitive Family Bank Funding review.
Family Bank Funding, or The One Day Flip, is a real estate investing course created by Cameron Dunlap and Awesome REI. We have spent many hours examining the course materials to see if it lives up to the hype.
(Have you taken this course? Add your rating!)
If you’re eager to learn…
- What exactly it teaches
- If Cameron Dunlap is legit
- The pros and cons
- How much it costs (including upsells)
- If real students are actually getting results
Then you’re in the right place.
Jump to…
About the Author
Hey, I’m Niall Doherty.
I quit my last 9-to-5 job back in 2010.
Since then, I’ve earned my living online in various ways. Over the last 3 years (through 2022) I’ve earned $536,000 from my laptop.
I’m on a mission to accurately rate and review all the best online business courses. My team and I are spending many hours investigating these courses and getting feedback from real students.
All that to say: we know a thing or two about such courses and making money online.
The Best Investing Course?
We’re on a mission to find the best investing course based on our extensive research plus feedback from real students.
Family Bank Funding is decent but not the best we’ve seen…
🏆 Best Investing Courses 🏆
How does Family Bank Funding help you make money?
Family Bank Funding aims to help you make money online with real estate investing. The goal is to flip homes without using your money and instead use the “family bank.”
From the sales video…
Your first task is to find a bank-owned or pre-foreclosure home and convince the owner to sell it to you.
With foreclosed homes, the idea is that homeowners are more likely to sell because they get the chance to get paid when they otherwise would’ve just lost the house to the banks.
Next step is to find a buyer…
Finally, you can get up to $600k to fund the deal.
Unlike traditional bank loans, there aren’t specific requirements to qualify for funding…
Instead, funding is only available when you have both a buyer and seller ready. These transactions must occur on the same day to remove the lender’s risk.
This is called transactional funding. Many of these companies charge a fee when a deal closes, whereas Cameron’s program costs $97 upfront, and there are no fees for the first deal as long as it’s within 6 months of joining.
You make money from the difference between how much you buy the home for and what you sell it for to the new buyer.
Who is Family Bank Funding for?
Family Bank Funding seems to target business opportunity seekers in general…
More specific segments include retirees, parents with full-time jobs, and work-from-home enthusiasts…
And the program claims anyone can do it, no matter their skill level…
While, in theory, it is as simple as finding a buyer and getting deals funded, a considerable amount of behind-the-scenes leg work is required to close deals.
The process is less independent than make-money-online models like affiliate marketing, trading, or freelancing.
Instead, to get the most out of Family Bank Funding, you’ll need to identify good properties, persuade homeowners to sell their home over the phone, negotiate with buyers, etc.
This REI strategy is undoubtedly labor-intensive but less so than methods like rehabbing. And the payoffs can still be substantial despite it being less risky.
- 70+ ways how to make money online (including easy options)
Does Cameron Dunlap have a good reputation?
For the most part, yes.
Some history on Cameron from his website…
Since 1993, Cam has bought and sold 10’s of millions in Real Estate. Along the way, he also founded and is CEO of a software and training company called the Real Estate Wealth Network where he and his team create powerful, problem solving tools that have helped 10’s of thousands of other Real Estate Investors and Professionals do more transactions and make more money. Through it, he has also funded over $50,000,000 in deals for his clients and students, without charging any fees or points, through his innovative “No Fee Funding” program.
Online chatter about Cameron dates back to 2009. It looks like he’s been offering funding for a while…
In fact, Cameron claims to have funded over $50M worth of deals…
There’s been some negative customer feedback since 2009…
A pattern I noticed is that most of these comments appear to be opinion-based or ad hominem attacks. 3
The two potentially valid complaints I found were:
- There are too many upsells
- The data they upsell is outdated
I couldn’t confirm the data’s quality, but I do know that a company called Awesome REI is responsible for handling sales.
And Awesome REI’s marketing can be sensational, IMO.
For example…
Best I can tell, that line from the sales video isn’t true. At the very minimum, $100-$200 is required per deal (more on that in the pricing section).
And the sales video says…
I can’t accept too many people into the “family” at one time. Once we reach that limit, the doors will close with no warning. That could happen today, tomorrow, or next week
But something tells me there’s no limit to the number of people they’re letting in. The same statement was made when I first saw this offer over a year ago.
Aside from those questionable marketing tactics, AwesomeREI is reputable according to customers on BBB…
It also ranked in the 2022 INC 5000…
In my book, upsells don’t mean a course is scammy unless they are (or seem) required to follow the core training.
I didn’t feel the upsells were as aggressive as they were appealing, so I don’t fault REI Awesome.
The course host, JP Moses, has a solid reputation and experience too.
According to the Awesome REI website, he’s flipped hundreds of properties himself…
Back to Cameron, he’s received praise over the years as well…
So given Cameron Dunlap’s extensive history, I found an acceptable number of complaints relative to positive feedback.
Here’s a video from Cameron’s YouTube channel so you can get a feel for her style…
Are Cameron Dunlap’s students getting results?
According to Cameron, students make an average profit of over $21k…
I imagine that means those who completed deals, not all students who signed up.
In terms of the training, there are plenty of student result screenshots in the sales video…
It doesn’t look like any proof has been added for a while. Every review I saw is at least a year old.
But it seems the training proves effective for people who follow it consistently.
Whether that’s true for complete newbies is unclear, as I assume most of these results are from students with some REI experience.
How much does Family Bank Funding cost?
Family Bank Funding costs $97 one-time.
There are two upsells available immediately after purchasing…
- Motivated Seller Data Feed ($299 then $99/mo)
- Instant Accountability check-in system ($127 one-time)
The motivated seller feed is software that finds bank-owned houses and foreclosure leads for you.
A little tip: decline the first upsell if you want to save $150 off the initial $299 price. You’ll then see a discounted price of $149…
Instant Accountability gives you access to a staff member for 30 days. You can contact this person anytime, and there’s also a weekly check-in.
In addition, the minimum needed to invest when buying a property is $100-$200.
This will be spent on an “earnest money deposit,” which basically shows the seller you’re a serious buyer…
You might get away with such a small deposit if buying privately from a pre-foreclosed homeowner, which is what Cameron suggests when starting out.
But according to Chase.com, the typical earnest money deposit for bank-owned homes is 1% to 3% of the purchase. It can be as high as 10%.
So if you were to use the entire $600k in funding to buy from the bank, you’d likely need to put down anywhere from $6,000 to $18,000.
Family Bank Funding Discount?
I’ve searched high and low for a discount or coupon code but haven’t found mention of one anywhere. There’s no place to enter a discount code at checkout either.
Sorry guys: it’s full-price or nothing.
Refund Policy
Family Bank Funding offers a 30-day, no questions asked money-back guarantee.
From the checkout page…
Family Bank Funding is proudly backed by the Awesome REI Team and a 30-day money-back guarantee. That means if you change your mind about this decision at any point in the next 30 days – all you need to do is email us, and we’ll be happy to refund your purchase.
I’ve heard that Awesome REI honors refund requests, so you can rest easy with this guarantee.
How is Family Bank Funding structured?
The training consists of 4 main modules, including a text-based overview of the lessons.
AwesomeREI’s user experience stands out from other courses. Rather than having a bland list of videos to watch, they conversationally guide you between lessons…
I counted a total of 19 videos averaging about 45 minutes each. All videos are accompanied by an audio-only version for on-the-go listening.
Cameron teaches while JP (the host) asks questions and provides insight where relevant.
The lessons look like this…
My only complaint about the structure is that there’s no search feature.
While there’s not an overwhelming amount to sift through, being able to search would make it easier to navigate.
Green Lights 🟢
A few things to like about Family Bank Funding…
- Lots of student testimonials and success stories.
- Surprisingly comprehensive core training.
- You pay once and get lifetime access with free updates.
- 30-day “no questions asked” 100% money-back guarantee.
- Cameron walks his talk.
- A solid amount of bonuses.
Red Flags 🚩
A few things about Family Bank Funding that might give you pause…
- No student results made public within the past year.
- No search functionality; hard to find specific lessons.
- Not as easy as advertised.
- Core training is rarely updated.
- Questionable marketing tactics.
- Full cost of implementing the training undisclosed when joining.
Other things you should know
- You’ll find lots of handy downloads within the training, including contracts, ad templates, resource lists, direct mail letters, cheat sheets, etc.
Should you join Family Bank Funding?
Family Bank Funding contains structured training by veteran real estate investor Cameron Dunlap and experienced wholesaler JP Moses.
If you’re an aspiring real estate investor, there’s a good chance you’ll find value inside Family Bank Funding.
From what I’ve seen, most people who join the program are happy with their purchase.
And with the 30-day refund policy, you really can’t go wrong with it.
Just bear in mind that it’s not as easy as it’s marketed to be. If you’re looking for passive income, this isn’t it.
But if you’re set on real estate investing, Family Bank Funding is a relatively inexpensive and low-risk way to start.
Family Bank Funding Alternatives
Here are the top investing programs we’ve reviewed…
Your Thoughts on Family Bank Funding
- Have you taken this course yourself?
Add your rating so others can see if it’s worthwhile. - Do you have a question about this course?
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Contributor: Nathaniel Lewis