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Who has heard of this group and what are your thoughts? FortuneBuilders | Premier Real Estate Investing & Coaching
One of my brokers was working with some people who went to these seminars and are being mentored by Fortune Builders. The key words are "was working". This sounds pretty shady to us and not something we wanted to be involved in.
I think Fortune Builders isn't necessarily bad, but like any large real estate mentoring program, it's expensive. I personally have had better luck being guided by my own expert investor and mentor. Finding one isn't always easy, but it's well worth it. One way is to go to RE meetings and ask, how many of you have done 600 plus deals? 1-2 people will raise their hands. There are your mentors! Go talk to them and see if you can work with them.
My RE mentor usually rolls his eyes at those expensive RE courses. He tells me, dude take the 10 grand and buy a cheap house! I have RE investors who have spent mid 5 figures on those classes and programs. one of our houses is 55 k and will make you 12% roi for heaven's sake!
People just don't know where to turn to learn RE and the big $$$$ programs take advantage.
the other thing is that a program like fortune builders is probably going to send you to all the traditional outlets to find cheap deals, such as auctions. Auctions usually have houses that are bid up by retail guys and you will overpay 20k for the house. Goodbye profits. Another big benefit of working with an expert, a guy that has done over 500 deals at least, is he probably has a good network in his city and has access to cheap deals.
My RE mentor usually rolls his eyes at those expensive RE courses. He tells me, dude take the 10 grand and buy a cheap house! I have RE investors who have spent mid 5 figures on those classes and programs. one of our houses is 55 k and will make you 12% roi for heaven's sake!
People just don't know where to turn to learn RE and the big $$$$ programs take advantage.
In our area it's not that easy.
You can't even buy the land for $55k . Plus RE taxes are very high, which adds significantly to the holding cost and the possibility of turning a profit.
1. Move.
2. If #1 is not possible, then buy RE somewhere where it's a lot cheaper and RE taxes are reasonable.
You don't have to buy where you live, counter to popular opinion. Esp if you owner finance property and aren't a landlord. the majority of the investors I work with are in CA, and their properties are in much cheaper markets.
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I have RE investors who have spent mid 5 figures on those classes and programs. one of our houses is 55 k and will make you 12% roi for heaven's sake! 
. Plus RE taxes are very high, which adds significantly to the holding cost and the possibility of turning a profit.
