FortuneBuilders.com is an online education website that teaches its members the ins and outs of real estate investing. Run by Than Merrill, Paul Esajian, and JD Esajian of A&E’s “Flip This House,” FortuneBuilders claims to have courses available to people of all levels of real estate investment experience.
Though this may seem like an odd time to become involved with real estate investment, fans of the show “Flip This House” understand that the concept behind Merrill’s investment theory is buying homes cheaply and finding ways to quickly and affordably fix them up for a solid profit return on your investment.
How Does FortuneBuilders Work?
Fortune Builders functions completely as an educational company. Working with professionals in every aspect of the real estate industry, their course curriculum covers a wide range of real estate related topics, including but not limited to what to look for when buying an investment property, what remodeling projects offer good investment returns, how to deal with the tax implications of quickly buying and selling property, and how to successfully market and sell your property when the time comes.
Having recently been written up in Inc. magazine, FortuneBuilders is growing quickly. Perhaps one of the best reasons why is the wide variety of ways they handle their classes. You can take an in person seminar from one of the three owners or many faculty members referred to as a 4 Day Bootcamp seminar, which is a type of crash course to being successful in the real estate industry.
In addition to that, Merrill himself offers a brand new webinar each week on a topic relevant to investing in today’s volatile real estate market. They also offer eBooks and online classes, in addition to a selection of DVD series on a variety of topics.
Finally, they offer the FortuneBuilders Mastery Implementation Coaching Program to a select group of members at a time. This series includes in-depth training from a variety of professionals who have been and continue to be successful in the real estate industry.
Is FortuneBuilders Right For You?
Fortune Builders claims to work with people of all different levels of experience, but what they aren’t clear about on their web page is what sort of resources you must have at your disposal to begin a career in real estate investing.
A quick glance of their DVD training series will be enough to stop many people, as the DVD training courses are priced at $1,197.00 each. A further investigation shows that investing in many of their coaching programs often requires investments of thousands of dollars.
Though prices in the housing market as low as they’ve been in years, you’ll still need the time and money to purchase, fix up, and a market a home. As these figures vary widely from region to region and project to project, Fortune Builders wisely makes no promises as to what is required from you for potential success. But it does seem fairly clear that being serious about switching to a career in real estate investing will certainly require some significant investment capital.
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I truly question the integrity of the people who run this program. In my seminar Jeremy tells us all the prices for the Mastery program (25,000-20,000-19,000). Knowing that he just took away many peoples dreams about this event, he starts telling a sob story and cries. This had a lot of people hook line and sinker. Throughout the seminar Jeremy tells us he's paid upwards to 7,000 dollars to sit and learn from other great speakers. Why did he do that? To learn how to connect with a mass crowd, gain trust and then sell them something. Most people didn't even know they were being sold something until he announced the prices for the program ON THE SECOND DAY. Many of the people there thought the 200 dollars would get them real information to help them invest in Real Estate. The 200 dollars paid for us to get an opportunity to be sold another product that most couldn't afford. Many people in that room probably had to budget just to afford the initial 200 dollars.
The 3 day seminar is without a doubt a scam. Also to get the results they talk about, you can't get do it in your "Free time". Jeremy Black got people to drink the kool aid and ask for seconds. Like I said before the technology may be top notch. Yet I wish I had the chance to turned down the chance to invest 15,000-20,000-25,000 before I paid them 200 dollars. We didn't they tell people up front what the prices were??? They even encouraged people to max out there credit cards smh. No finance plan you have to pay this weekend, how is that helping anybody? I could honestly afford the 15,000 dollar program. Hell I might have honestly considered buying it had they been up front. Instead I had to sit through the fake crying of Jeremy Black, the same slides and a two day infomercial. I feel sorry for the hardworking people who invested 200 dollars, with hopes and dreams only to get swindled.
We live close to you, how did things work out so far...
Also, the 3 day event I went to, they said that not everyone would be accepted into on of the program, and there was an interview. This was not true at all. I didn't hear from one person who said they weren't accepted. In other words, they are selling to everyone, whether they can and will make it or not doesn't seem to be a concern.
If they were sincere in being able to tell people who really don't have the financial and/or personal and business skills that this is not a good match for them, would be good. But they are there to sell programs, not really give advise. As the age old saying goes - buyer beware!
Between "FLIP THIS HOUSE" guys and Fortune Builders guys(presenters) there is something weird which doesn't add up.
First you go to "Fortune Builders guys" free seminars offered on the Radio to give you the brainwash. You don't see any FLIP THIS HOUSE" guys in person there only on posters.....Second, you buy a prepackage of $197.00 at the end of the seminar for second seminar. After the second seminar they will selling the opportunity business and packaging programs ranging from $500 to $25,000 even more if you are prepared to throw your money. Once you are in they will ask you for other packages as well which I don't know it anymore because I passed..... If you think you are going to be successful from this, its up to you.
food for thought.
Well, "Hey, I'm gonna be ON THE SHOW! This is gonna be [Flip This House in MyTown USA]."
They do NOT tell you in the ads that they are NOT WORKING WITH / FOR "FLIP THIS HOUSE." THUS, TOTAL MARKETING SCAM, because they imply the EXACT OPPOSITE - When you hear the ads, it's like, "Wow! I could become part of the 'Flip This House' crew in my area;" and that is totally the OPPOSITE of the truth - if anything, you would be COMPETING WITH 'FLIP THIS HOUSE.' I am hereby reporting them to FTC and BBB - please join me, as that is the ONLY WAY TO PUT A DENT IN THE SCAM. You can WHINE ON HERE ALL YOU WANT, but that does NO GOOD! Fill out BBB, FTC complaint forms (they're on-line - it's very easy) - and let those entities know if you were scammed, and if the company misled you! Also, it doesn't hurt to notify the Attorney General of your state as well.
This is like the "Sure Money Auction" scams that used to go around the DC area - with "Tan Man and his wife" - showing them getting off a lear jet - claiming it was THEIR lear jet... blah blah. And YES, you really CAN make money on real estate; AND on auctions, but, as a licensed real estate agent myself, and as one who tried auctions, you HAVE TO *LIVE* IT! You have to go to auctions EVERY WEEK - multiple auctions - and most of them, you will leave empty-handed. Same with real estate - I took the 8 week course for my state, passed the exam and became licensed - you don't "have" to do that, but the info you get is INVALUABLE! Then you can let your license expire or retire it, and you still have that knowledge - and my state school was very reasonable. Before you let it expire, work as a beginning broker for awhile and you will then get the feel for everything that is needed.
So, if they were honest up-front, I might check it out but, since they LIED at the start, virtually "claiming to be part of Flip This House," and making the listener believe THEY (US) WOULD BECOME PART OF THE SHOW - it is FALSE / MISLEADING MARKETING / ADVERTISING! Highly unscrupulous and unethical!