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Updated over 10 years ago on . Most recent reply

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Jason Lipe
  • Rental Property Investor
  • Vancouver, WA
1
Votes |
5
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Fortune builders

Jason Lipe
  • Rental Property Investor
  • Vancouver, WA
Posted

Is the mastery program for Fortune builders really worth 25,000? They seem to know their stuff but it's really hard to handover 25,000 for only a promise in return. If there so sure of their system why can't you go through their mastery program and pay after....

Most Popular Reply

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720
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Lumi Ispas
  • Real Estate Consultant
  • Chicago, IL
439
Votes |
720
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Lumi Ispas
  • Real Estate Consultant
  • Chicago, IL
Replied

@Jason Lipe , there are many points of view on this subject. You can learn bit by bit the info or you can increase your learning curve.

It all depends on your goals. If you want to go full time in RE and live out of investment and do all kind of creative deals and lots of marketing, might as well learn it quickly. 

Now, if your goal is to buy one or few properties a year, this site is perfect for you and you'll learn also from your mistakes, right? Plus, reading a ton of RE books, going to all kind of investment clubs will add to your knowledge in time.

I had this exact discussion with some of the largest investors I know , most from the BP site and all of them started with a paid program to learn quickly and gain confidence to take action!

I personally went to one of their seminars and I did not sign up for the 25K as as you were right when you said they were selling too hard, and neither most of people sign up. They might have had about 10 people sign up.

I am not sure how much money they make in selling these seminars, however I'll share with you were they will make their money. They are a big source of private lenders/ hard money lenders. They make money by lending other student's funds to the people that sign up with them and do deals and they also make money by whole-selling or flipping some of the properties that students bring to them.

I did sign up in the past with one of their competitors, and my RE investing business really took off. As in the past I was doing one deal a year, now the sky is the limit. I do partnerships, flips, buy to hold and will build soon, and a lot of the info I use now is what I've learned at that seminar.

I also have 15 year of RE experience from working in the past at a property management company, construction company and being a broker for over 12 years. Still, all the experience did not prepare me nearly enough for what deals I do now.

One more thing, you want to seek advice in everything you do from the people that actually do deals, unfortunately a lot of people want to invest in Real Estate, however they never amount the courage to move on and take action. I will say, as anything in life, there is a 20/80 ratio of investor vs people getting started and acquiring information.

Good luck to you!

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