Is fortune builders mastery program legit?

244 posts by 132 users

No avatar medium Keri A.
Rehabber from Kingwood, TX
11 Posts
4 Votes
1 Award

Keri A.

Rehabber from Kingwood, Texas

May 16 '12, 07:35 PM
2 votes


I attended the 3day FB seminar in Houston. I thought it was really good! I am considering doing the mastery program. Has anyone been through the program? If so, is it worth the 25k?



Medium 1440607355 avatar samc Sam Craven
Houston, TX
572 Posts
213 Votes
7 Awards

Sam Craven Verified

from Houston, Texas

May 16 '12, 07:55 PM
1 vote


Keri, fortune builders has been covered a few times if you use the search function. It depends if you think it is worth it.

This will mostt likely spark a debate about money mongering gurus and people that believe in coaching.

Ultimately you need to do your due diligence and make that choice.

P.S. I'm a KHS alum!



Medium facebook profile logoSam Craven, Senna House Buyers
E-Mail: [email protected]
Telephone: 832-722-4815
Website: http://www.SennaHouseBuyers.com


Keri A.

Rehabber from Kingwood, Texas

May 16 '12, 08:09 PM


Thanks Sam! I tried to search it and couldn't find anything recent...only from like 2008. I would love to talk to some that went through the program...believe me, I have done my research, just curious if people liked it. I am sure there are lots of opinions.
My husband taught govt. And coached bball at KHS probably when you were there.



Medium 1399492519 avatar pinkrims Monica Breckenridge
Involved In Real Estate from Colorado Springs, CO
385 Posts
101 Votes
6 Awards

Monica Breckenridge

Involved In Real Estate from Colorado Springs, Colorado

May 16 '12, 08:11 PM
1 vote


$25k wow that is a lot of money. I haven't even spent that much in education in the past 5 years in the business. Are there any local mentors you can try first that specializes in your market?



Medium 1402874553 avatar khurney Kevin Hurney
Investor from Hudson, FL
67 Posts
5 Votes
2 Awards

Kevin Hurney Verified

Investor from Hudson, Florida

May 16 '12, 08:18 PM
1 vote


i was contacted by FB about their coaching and they wanted me to call my credit card companies to get my credit increased so I could pay 3k for their program.



Keri A.

Rehabber from Kingwood, Texas

May 16 '12, 08:19 PM
1 vote


Monica,
I am just starting out and do not have a mentor. Plus they offer to streamline a lot of the systems and marketing. I would also be splitting it with a partner....



Medium 1399338272 avatar tom mi Tom A.
Investor from West Bloomfield, MI
335 Posts
215 Votes
3 Awards

Tom A. Verified

Investor from West Bloomfield, Michigan

May 16 '12, 08:23 PM
35 votes


First take $1K and:

- Join your local REIA, attend regularly and talk to the people there (~$150 - $200/year)
- Take some friendly local investors out to lunch/dinner/drinks ($50 per "date")
- Buy some good RE investing books ($5 - $20 each, used or new)
- Pick up a few well-regarded guru courses used on Ebay ($100 - $200 each)

That will give you big head start without having to throw $25K at something that may or may not be what you're looking for.



E-Mail: [email protected]
Telephone: (248) 387-9864


Medium 1399459446 avatar d1beard David Beard
Investor from Cincinnati, OH
1567 Posts
823 Votes
8 Awards

David Beard

Investor from Cincinnati, Ohio

May 16 '12, 08:26 PM
4 votes


Use google search and type into the search box:

site:www.biggerpockets.com fortune builders

The search box at the top of the BP forum screen is very ineffectual.

$25K is a staggering sum, please think twice, or three times! Find a mentor, as Monica suggests, at your REI meeting. Read inexpensive books, read BP, network!



Medium 1399592800 avatar rymos Ryan M.
West, MI
675 Posts
131 Votes
3 Awards

Ryan M.

from West, Michigan

May 16 '12, 08:32 PM
6 votes


I have to share this:

At a garage sale in Florida this year I found a Carleton Sheets program (CDs, Videos, Books) all in the orginal packaging with the plastic still wrapped around it. The person had a price of $6 on it, talked them to $2. Then went through the stuff and sold it on ebay for $18.



Medium 1399550055 avatar hoodster Ed O.
Real Estate Investor from Statewide, MO
518 Posts
186 Votes
5 Awards

Ed O.

Real Estate Investor from Statewide, Missouri

May 16 '12, 08:32 PM
8 votes


This site is generally anit-guru. I have heard some of Than Merrils materials and they were nothing that impressed me.
These guys running tv shows and selling mastery programs on the side are a bunch of jokers if you ask me.

I'd learn what you can for free and then spend a lot of time on Biggerpockets. There's great people here that could be guru's if they wanted to, but instead believe in helping others in the business without getting an absurd amount of money.

You can learn just as much from a $600 guru as you can from a $25k guru. Once they have their money, you are generally worthless to them.

Figure out what focus you wish to have in your investing and attend a local REIA. Get cards and take some successful, full time investors to lunch and see what you can learn.

Also, send a message to Joshua Dorkin, asking him when the next BP summit will be, and mark your calendar.

I'm not saying don't spend money on a guru. What I am saying, is, in my honest opinion, spending an amount anywhere near where you are is extremely foolish.

Go on ebay, scoop up the 2011 courses if you want some content. They're like 99% off the current prices. Also, if you want to be successful, get local mentor and strongly consider compensating them for their help. It will likely be worth more than the gurus if you pick the right one.

Also, for $15, you can scoop up a great RE book by Rich Weese, From Janitor to Multimillionaire. He was the guru before there were gurus.



Medium 1448323178 avatar blackbelt Joel Owens
Commercial Real Estate Broker from Canton, GA
10231 Posts
5059 Votes
17 Awards

Joel Owens Verified Video Moderator

Commercial Real Estate Broker from Canton, Georgia

May 16 '12, 09:52 PM
4 votes


"- Take some friendly local investors out to lunch/dinner/drinks ($50 per "date")"

I would add to this to take out investors that SPECIALIZE in the type of real estate you want to get into.

It does you no good to spend time say for instance with people that flip mobile home parks if that's not what you want to learn.Sure I always read up on different niches to see their take on it an dhow they have been successful with that strategy but I don't go too deep with it.

If you have no clue what niche you want to be in then yes take out different investors to get a guide on what you want to do.

Just like real estate brokers and agents entering the business you have to FIND YOUR WAY and pick a path to go down.Once you have a successful stream set up and going then you can look to add another niche you like if you want.



Medium allworldrealtyJoel Owens, All World Realty
E-Mail: [email protected]
Telephone: 678-779-2798
Website: http://www.AWcommercial.com


Medium 1448387218 avatar timgordon Tim G.
Investor from San Diego, CA
1310 Posts
641 Votes
10 Awards
Medium 1399507925 avatar chuber Clay Huber
Real Estate Investor from Grand Rapids, MI
61 Posts
17 Votes
1 Award

Clay Huber

Real Estate Investor from Grand Rapids, Michigan

May 21 '12, 11:02 AM
5 votes


Between BiggerPockets and Google, there is absolutely no need for anything that costs this much. One benefit to a program like that is all the information "is" organized and in one place; however, let's put Benjamin Franklin's saying of "a penny saved is a penny earned" into effect...

You spend 20 hours researching on BiggerPockets, and searching on Google. By doing this, you are "saving" (and therefore "earning") $1,250 per hour ($25k/20).

To me, I'd gladly sit in my underwear at my computer, maybe make a few phone calls, if I knew I was essentially earning $1,250 an hour.

Obviously, if you can gather all the available information out there in less time than 20 hours, you're "earnings" rise that much more.



Medium 1399517341 avatar maxben Maximilian Benjamin
Investor from Columbus, OH
24 Posts
3 Votes
2 Awards

Maximilian Benjamin

Investor from Columbus, Ohio

May 21 '12, 03:42 PM
1 vote


I have read about them, and have seen their "Flip This House" series but never participated.

Between some basic books that help with the "general feel" of real estate investing and this site I would be hard pressed to think that spending anywhere near that amount would be generally beneficial. I haven't had the opportunity to sit over lunch with someone in the market yet but this site has helped get me started and helped me "fill in the blanks" that books gloss over, and that you may not get with a $1000 course, let alone a 25k course. "How to bulletproof your rental,"-none of my books have that!

FYI, I just googled FortuneBuilders and looked at what one of their reviewers said about it. That they were excited and motivated and inspired...I felt that way after the BP Summit! I guess I saved a boatload...

Now if anyone has any FB materials then I would gladly peruse them...LOL!



Medium 1399606648 avatar steffiejoe Stephanie J.
Real Estate Investor from Spring, TX
3 Posts
0 Votes
0 Awards

Stephanie J.

Real Estate Investor from Spring, Texas

May 21 '12, 06:32 PM


I was at this same seminar. Glad I followed my instincts and did not purchase their program. They seem to be legit but in my opinion it is extremely over priced.

Oh I read several reviews which said a few weeks after attending they received an discounted offer for the program.



Medium 1399394152 avatar newsom McKellar Newsom
Landlord from Chattanooga, TN
189 Posts
44 Votes
2 Awards

McKellar Newsom

Landlord from Chattanooga, Tennessee

May 21 '12, 07:01 PM


At the BP Summit, I met a lot of nice investors from Texas. I think you can learn a lot and save even more by contacting some of them. Good luck. mck



Medium 1448323426 avatar jasonscott J Scott
Investor / Business Guy from Ellicott City, MD
15817 Posts
12302 Votes
15 Awards

J Scott Verified Moderator Donor

Investor / Business Guy from Ellicott City, Maryland

May 22 '12, 06:09 AM
18 votes


If you want to invest $25K into rehabbing education, here are two better suggestions:

1. Find a low priced house in your area that seems like a reasonable deal based on some simple analysis techniques you can find here on BP (let me know if you need a link). Buy the house, rehab it, and resell it. Make lots of mistakes along the way. Write down your mistakes, share them here on BP, and get input from us on how not to make those same mistakes in the future. In the end, you may make a little money, you may lose a little money, but its safe to say you wont lose $25K and youll learn more that you would have through a high-priced seminar. Do it again. You'll lose less (and probably make money) the second time around. Then do it again. If you don't make money by the third time, you're probably not cut out for this business, but you still shouldn't have lost more than $25K along the way.

2. Take $3000 to fly to Atlanta and get a hotel for 2 months. Pay me $20K to teach you my "fortune builders" program. You'll save $2K and get a vacation out of it.

Btw, that #2 suggestion will probably work with other investors as well, so you don't necessarily need to be stuck with ME for 2 months. :)



Medium lishproplogoJ Scott, Lish Properties, LLC
E-Mail: [email protected]
Website: http://www.123flip.com


Medium 1448386327 avatar financexaminer Bill Gulley
Investor, Entrepreneur, Educator from Springfield, MO
20667 Posts
10373 Votes
18 Awards

Bill Gulley

Investor, Entrepreneur, Educator from Springfield, Missouri

May 22 '12, 06:38 AM
2 votes


HOLLY COW!

I can do it in a month of intense, one on one, bring your calculator!

LOL

Tom A, has good advice up there but first, go to a state real estate broker's school and learn the laws, basics and market in your area. It's the quickest and best RE education for the money, you don't need to take the test, or you could....depending on what you want to do.

There, I just saved you $24,000.00!



Medium logoscopiccroppedblue2Bill Gulley, General Real Estate Academy
Website: https://generalrealestateacademy.com


Medium 1399410001 avatar michaellauther Michael Lauther
Investor from Park Land , FL
901 Posts
227 Votes
5 Awards

Michael Lauther

Investor from Park Land , Florida

May 22 '12, 06:44 AM


You have been given some solid advice. If you take Tom's and Bill's advice and learn about the markets you want to participate in you would be something quite unique :

A newbie wholesaler that can actually purchase the property.
That is assuming wholesaling is a course you want to follow.

Spend money on education but don't waste money you will need to be successful.



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