Paper Flips is a real estate training program created by Dolmar Cross that teaches you how to make money through wholesaling properties, also called paper flipping. The program is run by a company called Awesomely and focuses on helping both new and experienced investors learn how to find deals, connect buyers and sellers, and earn profits without actually buying properties yourself.
Paper Flips teaches you real estate wholesaling strategies where you find discounted properties, put them under contract, and sell those contracts to other investors for a fee. This approach means you don’t need large amounts of money to get started in real estate investing. However, like any business training, your success will depend on your effort, market conditions, and how well you apply what you learn.
This review will walk you through how the Paper Flips program works, what training materials you get, the costs involved, and the real challenges you might face. You’ll also learn about Dolmar Cross’s background, the pros and cons of the program, and what other users have experienced so you can decide if it’s the right fit for your real estate investing goals.
How Paper Flips Works: The Paper-Flipping Process
Paper Flips teaches you to make money by flipping real estate contracts instead of buying physical properties. You work as a middleman who connects sellers with buyers and earns a fee for matching them up.
Flipping Contracts Versus Traditional Real Estate Investing
Traditional real estate investing requires you to buy properties with your own money or loans. You take on the costs of repairs, maintenance, property taxes, and insurance. House flipping means you own the property until you sell it, which ties up your cash and increases your risk.
Paper flipping works differently. You never actually own the property. Instead, you get a property under contract and then assign that contract to another buyer for a fee. This means you don’t need large amounts of capital or good credit to get started.
The main advantage is speed and lower risk. You can complete a paper flip in days or weeks rather than months. You also avoid renovation costs, holding costs, and the stress of property ownership. The downside is that your profit per deal is usually smaller than traditional flipping, typically ranging from $5,000 to $15,000 per contract assignment.
The Steps of Wholesaling Properties and Assignment Arbitrage
The wholesaling real estate process starts with finding motivated sellers. You look for properties being sold below market value, often from people facing foreclosure, divorce, or financial problems. Paper Flips teaches you to find these leads through marketing and networking.
Once you find a property, you negotiate a purchase agreement with the seller at a low price. You put down earnest money to secure the contract, usually between $500 and $2,000. This shows you’re serious about the deal.
Next comes assignment arbitrage. You market the contract to cash buyers or investors who want the property. You charge an assignment fee on top of your contracted price. For example, if you locked in a property at $100,000 and find a buyer willing to pay $110,000, you keep the $10,000 difference as your fee.
Equitable Interest, Purchase Agreements, and Earnest Money
When you sign a purchase agreement with a seller, you gain equitable interest in the property. This means you have the legal right to buy the property at the agreed price, even though you don’t own it yet. This right is what you sell to another buyer.
Your contract must include an assignment clause that lets you transfer your rights to someone else. Without this clause, you can’t legally flip the contract. Paper Flips provides templates that include this language.
Earnest money protects the seller and shows your commitment. You get this money back at closing or when you assign the contract. If you back out without a valid reason, the seller keeps your earnest money deposit. Most wholesalers keep their earnest money low to reduce risk while still showing they’re legitimate buyers.
What’s Inside the Paper Flips Program
Paper Flips by Dolmar Cross breaks down real estate wholesaling into clear steps with training modules, ready-to-use tools, and bonus materials. The program gives you scripts, templates, and guidance to help you find deals and close contracts.
The Five Core Training Modules: First Things, Find It, Figure It, Fund It, Flip It
The Paper Flips training is split into five main modules that walk you through the entire wholesaling process. First Things covers the basics and sets up your foundation for success. Find It teaches you how to locate motivated sellers and discover contract deals in your target market.
Figure It shows you how to analyze deals and run the numbers correctly. You learn to negotiate with sellers and determine if a deal makes sense. Fund It explains how to secure the money you need, including earnest money deposits and other funding options.
Flip It guides you through closing the deal and getting paid. This module covers how to find cash buyers and assign contracts to them. Each module builds on the last one to give you a complete system.
Paper Flips Templates, Scripts, and Resources
The program includes plug-and-play tools you can use right away in your business. You get negotiation scripts that tell you exactly what to say when talking to sellers. The “Secret Renegade Script” is a special approach for difficult situations.
Paper Flips also provides ready-made templates for purchase agreements and assignment contracts. The “Co-Assignment” contract is included as a unique tool for your deals. These resources save you time because you don’t have to create everything from scratch.
All the templates are designed to work in nearly any U.S. market. You can customize them to fit your specific needs and local requirements.
Bonus Content and Dealmaking Demo
Beyond the core modules, you get additional training materials to support your learning. The dealmaking demo walks you through real examples so you can see how the process works in action. This hands-on approach helps you understand what to do when you find your first deal.
The bonus content from Awesome REI adds extra value to your real estate education. You see actual deal scenarios and learn from Dolmar Cross’s decades of investing experience.
The Role of Dolmar Cross and Awesomely in Real Estate Education
Dolmar Cross brings decades of deal-making experience to his teaching platform, while Awesomely serves as the educational hub delivering his training programs. His background includes both successful investments and notable mistakes that inform his teaching approach.
Background and Reputation of Dolmar Cross
Dolmar Cross has spent decades working as a real estate investor before transitioning into education. He developed his expertise through hands-on deal-making and learning from his own failures along the way.
Cross is known for teaching practical strategies rather than theory. His focus areas include wholesaling, contract flipping, and helping investors work virtually across different markets. He combines real-world experience with technology tools to help students find and close deals.
The Paper Flips program represents his main teaching system for contract flipping. Cross emphasizes that you don’t need licenses, cash, credit, or special credentials to get started with his methods. His teaching style focuses on step-by-step processes that newer and seasoned investors can follow.
He’s built his reputation on transparency about both wins and losses. This approach helps students understand realistic expectations when entering real estate investing.
Awesomely and the Evolution from Awesome REI
Awesomely operates as the main platform hosting Dolmar Cross’s training programs. The company describes itself as “real estate investing for awesome people” and focuses on providing training, coaching, tools, and resources.
JP Moses serves as President of Awesomely and has worked to build the company’s educational offerings. The platform evolved from earlier iterations in the real estate education space to become a comprehensive training hub.
The company emphasizes its core values and culture in how it delivers education. Awesomely makes clear in its disclaimers that it sells education and training, not business opportunities or get-rich-quick programs. They track student satisfaction through voluntary surveys rather than making earnings claims.
Other Ventures: 3Day Cash Buyers and Real Advisors
Beyond Paper Flips, the Awesomely ecosystem includes 3Day Cash Buyers and Real Advisors as additional programs. These ventures expand the range of strategies available to real estate investors.
3Day Cash Buyers focuses on helping you find motivated buyers quickly for your deals. This complements the Paper Flips wholesaling approach by addressing the buyer side of transactions.
Real Advisors appears to offer additional support and guidance for investors working through deals. The company also references Real Capital as part of its funding resources, though specific details about this venture are limited in available information.
Cost, Refund Policy, and Support Options
Paper Flips costs $997 as a one-time payment and includes a money-back guarantee. The program lacks an active community for peer support, and reviews on major platforms are hard to find.
Paper Flips Cost and Financing Choices
Paper Flips costs $997 for a one-time purchase. This price gets you access to all five training modules, scripts, templates, and tools included in the program.
The course is part of the Awesomely platform, which offers various real estate training programs. You won’t find monthly payment plans or financing options listed for this program.
Beyond the course fee, you’ll need extra money to actually start wholesaling. You’ll pay $10 to $440 for purchase and sale agreements. You’ll also need earnest money deposits, which typically run 1% to 3% of a property’s market price.
Refund Policy and Customer Satisfaction
Paper Flips offers a 100% money-back guarantee with no questions asked. This refund policy aims to protect your investment if the program doesn’t meet your needs.
The company doesn’t specify a time limit for requesting refunds in available materials. You should confirm the exact refund window before purchasing.
Customer reviews for Paper Flips are hard to find on trusted platforms. The program has no presence on Trustpilot or Reddit, which makes it tough to verify what real students think. Most Paper Flips reviews you’ll find online focus on whether it’s a scam rather than detailed user experiences.
Community Support and Student Experience
Paper Flips doesn’t offer a Facebook group or online community where students can connect. You won’t have access to a network of other wholesalers to share tips or ask questions.
This lack of community support means you’re mostly on your own after buying the course. You can’t easily reach out to fellow students who might be facing similar challenges.
The program focuses on video training and templates rather than ongoing mentorship. If you get stuck on a deal or need advice, you won’t have a built-in support system to turn to for help.
Pros and Cons for Real Estate Investors
Paper Flips targets beginners who want to enter real estate without buying property, but the course may not fit every investor’s goals or experience level. Your success depends on your willingness to make calls, negotiate deals, and work in markets where wholesaling is legal and practical.
Who Is Paper Flips Best For?
You’ll get the most value from Paper Flips if you’re new to real estate investing and want to learn wholesaling basics. The course works well for people who don’t have capital to buy properties but can invest $997 in education. You need to be comfortable with cold calling and talking to sellers because that’s how you’ll find deals.
If you’re looking for passive income or a hands-off approach to making money online, this isn’t the right fit. Paper flipping requires active work. You’ll spend time finding motivated sellers, negotiating contracts, and connecting with buyers.
The program suits people who like sales and don’t mind rejection. You might make dozens of calls before landing one deal. If you prefer digital real estate or truly passive income streams, consider other options instead.
Barriers to Entry and Market Limitations
You don’t need much money to start wholesaling compared to traditional real estate investing. However, you’ll face legal restrictions in certain states. Some areas require wholesalers to have real estate licenses, and others limit contract assignments entirely.
The course focuses on U.S. markets and doesn’t address international investing. You need to research your local laws before applying Dolmar’s strategies. Some markets have high competition from other wholesalers, making it harder to find deals.
You also lack support after buying the course. There’s no community forum or coaching calls included. If you run into problems or need feedback on a deal, you’re on your own.
Seasoned Investors vs. Beginners
Seasoned investors probably won’t find much new information in Paper Flips. The strategies cover basic wholesaling techniques that experienced real estate investors already know. The templates and scripts might save you some time, but they’re not worth $997 if you’ve closed wholesale deals before.
Beginners get more value because the course walks through every step. You learn how to find leads, structure deals, and assign contracts. The process is straightforward without overwhelming technical jargon.
If you’re between these levels, weigh the cost against what you already know. Watch for free content about wholesaling first to see if you need paid training.
Common Challenges, Legal Concerns, and Market Realities
Paper flipping comes with real hurdles that you need to understand before jumping in. The legal requirements vary by state, deal structures can get complex, and market conditions directly affect your ability to find and close deals.
Licensing Requirements and Legal Gray Areas
The question of whether you need a real estate license to flip paper contracts depends on where you operate. Some states require a license if you’re marketing properties you don’t own or control. Other states allow contract assignments without a license as long as you have the property under contract first.
You should check your state’s specific laws about wholesaling properties. In some areas, acting as a middleman without proper licensing can result in fines or legal action. The gray area exists because you’re technically assigning your contract rights, not selling real estate directly.
Some investors solve this by working with licensed real estate agents or getting their own license. Others focus on states with more favorable laws for wholesalers. Either way, you need to understand the rules in your market before you start marketing deals.
Understanding the 70% Rule and Double Close
The 70% rule helps you calculate the maximum price you should pay for a property. You multiply the after-repair value by 70%, then subtract estimated repair costs. This leaves room for your assignment fee and the end buyer’s profit margin.
A double close involves two separate transactions that happen on the same day. You buy the property from the seller in the first transaction, then immediately sell it to your buyer in the second transaction. This requires more paperwork and often needs transactional funding since you briefly own the property.
Double closes cost more in closing fees and funding costs compared to simple contract assignments. You might need $2,000 to $5,000 to cover these expenses. But double closes let you hide your assignment fee from both parties and work in situations where assignments aren’t allowed.
Market conditions in 2026 affect your ability to find motivated sellers and willing buyers. Higher interest rates make it harder for buyers to qualify for loans, which shrinks your buyer pool. Sellers often have unrealistic price expectations based on peak market values from previous years.
You need to adjust your strategy based on your local market. In slow markets, you might need to offer better deals to attract buyers. In competitive markets, finding off-market properties becomes more important since listed properties get multiple offers quickly.
Your success depends on understanding local inventory levels, average days on market, and buyer demand in your area. You should track these numbers monthly and adjust your offer prices and marketing approach accordingly.
Frequently Asked Questions
People have a lot of questions about Paper Flips, especially around whether it’s trustworthy and if it actually delivers results. Here’s what you need to know about the program’s legitimacy, user experiences, and whether house flipping makes sense for beginners right now.
Is this service legit, or does it feel like a scam?
Paper Flips is not a scam. The program is run by Dolmar Cross, who has real experience in real estate and even appears on the TV show Zombie House Flipping.
However, it’s not as simple as some claims might suggest. You won’t just collect checks without doing work. Real estate wholesaling takes effort, time, and sometimes money upfront for things like earnest deposits and purchase agreements.
The program costs $997 and comes with a money-back guarantee. While it offers real training on wholesaling contracts, you should know it requires consistent hustle to see results.
What do real users say about it on Reddit?
You won’t find much feedback about Paper Flips on Reddit. The program doesn’t have a strong presence on the platform where people usually share honest reviews.
This lack of discussion makes it harder to get real user experiences. When a program doesn’t show up in forums where people talk freely, it can be tough to know what to expect.
Are there any common complaints or recurring issues people mention?
One main complaint is that the program doesn’t deliver the “easy money” some marketing suggests. Some students found they needed to do property repairs or handle complications that weren’t mentioned upfront.
Another issue is the lack of community support. Paper Flips doesn’t have a Facebook group or online community where you can ask questions or get help from other students.
Some people also struggle with legal requirements in their area. Certain states like Illinois and Oklahoma require real estate licenses for wholesaling, which the program doesn’t always make clear.
Does the app actually pay you real money, and how do payouts work?
Paper Flips isn’t an app that pays you. It’s a training program that teaches you how to wholesale real estate contracts.
You make money by finding properties, getting them under contract, and selling those contracts to buyers for more than you agreed to pay the seller. The difference is your profit. You get paid when the deal closes, not from the program itself.
What does the Better Business Bureau listing and rating look like?
Paper Flips doesn’t have a significant presence on the Better Business Bureau website. The program also lacks reviews on Trustpilot and similar trusted review sites.
This absence of third-party reviews makes it harder to verify claims or see how the company handles customer issues. You’re mostly relying on testimonials from the company’s own website.
Is house flipping still worth it for beginners in today’s market?
House flipping and wholesaling can still work in 2026, but it’s gotten harder for beginners. You need money for earnest deposits, purchase agreements, and sometimes unexpected repairs.
The market is also more competitive now. Most house flippers follow the 70% rule, meaning they won’t pay more than 70% of a property’s after-repair value minus repair costs. This limits how much profit you can make on each deal.
You also need to handle constant marketing to find deals. Cold calling sellers and buyers is a daily task, similar to a full-time job but without guaranteed income.