A new lawsuit filed against the lender behind the controversial real estate coaching company “iFLIP Chicago” alleges that the company took advantage of inexperienced Black investors in an effort to seize land near the future home of the Obama Presidential Center on Chicago’s South Side. LIVES FLIPPED UPSIDE DOWN For months, NBC 5 Responds has heard from dozens of Chicagoans who said a real estate camp that was supposed to teach them how to flip homes instead flipped their lives upside down. “We are at risk of losing over $200,000,” Ameera Haamid, an iFLIP Investor who shared her story with us earlier this year said. Haamid is one of at least 20 amateur investors who were re
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