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.
i am not affiliated with any of these gurus. I went to a seminar for fb a couple hundred bucks. It is funny seeing people complain that. I saw many run out. Funny thing most of them had the iPhone 8 way more than a 3 day training lol. I think many of them have no money for the trainings because all their money is going towards being cool lol. All about value for. Depending on your goals just want to do a few flips local groups good..massive empire gurus can get you there faster. They are alot more successful than local group members. Some are scams so yeah do your research. Most dnt want to work a job, yeah local people can help with that. heck You can wholesale and make great money.If you know places to look.. Majority dnt. You guys are awesome. Take care later
July 1, 2018- I went to the event and it costs $197 for 3 days. 20% of the time is a promotion of the higher tiers program ranged from 30K to 50K. Their team will lure you into using your credit card to pay the $30K to 50K upfront 100%. No, I have no access to any of their calculator/template/spreadsheet/software unless I pay the $30K level ( 6 month worth of access). So I decided I would not take it. I do not see why it is "ethical," when they know people who already in credit card debt ( because they give me the "budget spreadsheet" to show where my debts and how many credits ( house/salary/line of credits, etc) I have..? I do learn about the Self Directed IRA to invest RE for 6 hours worth. I learn about using LLC for short-term active income and use S-Corp and the 75 days to convert for tax benefit. But all that you can find on the internet for free or Just go to bigger pocket submit.
Hi Kerri,
I also attended the FB 3 day seminar last week & I have the same exact question you posted 6 years ago... What outcome did you reach? Did you pursue the program?
Thank you!
ask somebody that has gone to the three-day Workshop I can tell you that you are spending 25,000 basically on a system which has everything in order from getting a business license to the cost of products to we have a kitchen or whatever so you are paying for a system that that's all a system that has everything in order and a system that is proven that's it so if you think $25,000 would make you better and business to have a system then go for it I rather figure the system out and take some time and put in the research to put together a system I do not have anything bad to say about fortunebuilders except that are way too costly I could see them charging 5000 for 6 months 10,000 for 12 months and 15,000 for 2 years but I can't see $50,000 for 2 year program and 35,000 for 12 months and $30,000 for 6 months
I am currently on day 3 of the 3 day workshop. Went to the free 2 hr seminar shortly after I got interest in RE and knowing it was a sales pitch, they still lived me into paying 197$ for the 3 day workshop. I looked at it as an opportunity to learn some more concepts and ideas especially in terms of business structure, legacy planning, and taxing.
I knew they would try to sell me on the mastery program and had no way to pay for it so I declined. Can it be usefull? I'm sure. But there's no easy way outs in life and at the end of the day, I'm gonna have to learn by trial and error. So why not put that 50k towards a deal right away?
No knock in the program and the benefits. Just not for me.
My advice: Learn through hard work, dedication, and networking.
Hello All,
Just finished with the FB 3 day course with Lee Escobar as the presenter. I am a self-taught business owner, 10 employees who deals with UHNW people everyday. I am looking toward real estate investing to create a passive revenue stream.
Here are my takeaways from that course.
Pro's
Cons
I believe there is value in the Mastery training for people who need that type of immediacy and guidance. As franchises go, it is the cheapest I have seen and has a much larger potential for ROI than most. You are not tied to them by contracts and retain a fair amount of freedom.
For those of us who have the drive to know and the thirst for knowledge, we will be pouring over books and web pages, we sill be tailoring our business process to our will. We will also be using the great resources here on BP because it is as much about personal growth as it is about the investing.
It is very simple - Know yourself, learn as much as you can ahead of time and then decide if you need this program to help you....Good luck
Currently on day 3 of the 3 day workshop....$200, plus parking each day at the hotel. Mastery is 30-50k now.... 2 gentleman that came as friends, who sat next to me, purchased it together - so technically 25k each. They allow up to 6 people in a "business unit" If I could convince 5 more people to join, I would say it's worth it.....Otherwise, it smells scammy. I feel like I'm catching 5 little nuggets of info each day after sitting through the hypnotic sales repetition