Fortune Builders Reviews: Is Fortune Builders A Scam?
Fortune Builders boasts of being a premier real estate education company with its fool-proof systems, tools, training programs, and mentoring sessions for aspiring property investors.
Let’s see if it’s the real deal!
We’re going to review Fortune Builders to decide if it really is the best real estate investing course out there.
We’ll talk about whether real estate investing is the right online business for you.
At the end, I’ll answer some of the most frequently asked questions regarding Fortune Builders and real estate investing in general.
And most important, I’ll show you the exact system I used to build my own internet marketing business to over $40,000 a month in mostly passive income.
This system made me swear off real estate investing for good, because it uses some of the same skills in a much more powerful and profitable way!
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This is so simple, it should be illegal.
Table of Contents
Fortune Builders Review Summary
Who Started Fortune Builders?
In San Diego, California, it was created by real estate magnates Merill, Sopielnikow, and Esajian in 2006, and Inc. Magazine quickly named it as one of the nation’s fastest-growing companies.
The three of them began their adventure as a group in 2004 when they created CT Homes, LLC. Based on their business’s timeline, they could flip their first property on that very same year also!
The following year, JD arrived into the picture as he helped the group finish 100 property transactions by the end of 2005.
Than Merill is among the most successful individuals in the area of real estate. He’s a sought-after public speaker that launched his speaking engagement career back in 2006 in front of the Real estate Investment Association (REIA).
He’s likewise an Amazon best-selling author for his books “The Real Estate Wholesaling Bible” and “E-Myth Real estate Investor” that he co-wrote with Michael Gerber.
Paul Esajian holds a degree in Economics coming from the University of California. He’s the CFO of three multimillion-dollar companies, which is Fortune Builders, CT Homes, & Grand Coast Capital Group.
Like Merill, he, in addition, published a book entitled The Real Estate Rehab Investing Bible posted by Wiley Publishing.
JD Esajian is the present president of CT Homes, LLC, and he oversees all of the deals and rehabs for any business. Unlike Paul & Than, he doesn’t have his book, though he’s frequently associated with the Fortune Builders’ charitable efforts.
Konrad Sopielnikow is an alumnus of Yale University and is the man behind the science, innovation, and legal methods for CT Homes & Fortune Builders. His expertise in technology and business systems enabled him to grow the company’s online presence.
Apart from the founders, Fortune Builders also offers an extensive checklist (more than 25!) of coaches and experts with specialized experience.
What Is Fortune Builders?
In simple terms, Fortune Builders seeks to teach aspiring real estate investors the way to approach and constantly earn from their time-tested systems. It’s regarded as the perfect educational course for folks of all levels as you are going to get real info from professional real estate investors themselves.
I do not know about you, but for me personally, a seasoned coach is still better compared to others who just rely on textbook knowledge. Yeah sure, an excellent book goes quite a distance, but a wonderful coach is able to take you further. The Fortune Builders features quite a huge online community. What I like the most about the business, however, is, it has a ton of positive reviews from actual attendees.
Fortune Builders' Training Courses
Three things are offered by the company: a Mastery Coaching course, property investing events, and materials for real estate investing classes.
Before you become a mastery student, you’ll be tasked to complete a form on their site to reserve an interview schedule. After the interview, they will show you where to start your journey in real estate.
But please do note that based on their recommendation, the course fee might be anywhere between $35,000 and $40,000!
The Mastery Coaching program is the all-in-one bundle that includes one-on-one mentoring and assistance, the weekly live coaching sessions, program materials, and access to live boot camps and events.
The real estate functions are available in various titles like Rehabbing Bootcamp, Acquisitions and Wholesaling Bootcamp, REO & Shortsale Bootcamp, and the 3-Day Real Estate Workshop. All of these are only reserved for registered coaching students.
Finally, they include the course materials or what they call the “blueprints” for using the finest investing strategy. You will find four courses to choose from:
- Marketing for deals (priced at $1,197.00)
- Maximizing and rehabbing profits (priced at $1,197.00)
- Wholesaling for fast cash (priced at $1,197.00)
- Tax liens and tax deeds (priced at 397.00)
How Does Fortune Builders Work?
Among the downsides, I believe, it is tough to find specific detailed descriptions on the Fortune Builders site concerning the kind of training and program content they provide. I did, nonetheless, do several outside explorations at my end, so I am going to talk about what I found:
Based on the member’s location and who’s performing the teaching, the 3-Day Workshop varies. The prices also vary based on the same couple of elements, and this particular variation is significant. I have discovered that these workshops are essentially for the people already working for this specific industry. The workshops are held every weekend. For the novices, these workshops do not guarantee something since they do not provide anything beyond basic instruction. The training only has some ideas to help already established companies.
Additionally, they do not offer the level of education you’re probably looking for. A common seminar lasts only a few hours and addresses complex issues.
You do not have to leave your house if you choose an online course. These classes provide teachings about taxation, wholesale, deeds, etc. The payment differs in accordance with the level of the program, but there are several lessons here that are much more suitable for beginners/those thinking about getting started.
This is what they call the gemstone! The system features one-on-one coaching. It cannot get much better than this. This system allows you to begin right from zero and helps you establish your business and guides you throughout your business operations. The program content is tailored as per the student’s needs—but as you expect, it has quite a hefty price tag.
How Much Does The Fortune Builders Course Cost?
As I briefly mentioned previously, the cost depends on the selection of your location, course level, and course type. Strangely, the site does not disclose the cost, and there’s no infographic on plans (which is when you start assuming the price is gonna be really high).
Based on my research, a number of students have paid something between $200 and $300 for the 3-Day Workshop. The Mastery Program will cost you the highest—and will probably range from whopping $10,000 to $30,000. The online courses can also be priced on identical lines. These courses ask the students $2,000 to $5,000. I obviously cannot guarantee whether these prices are correct, but it’s the best I can do to give an idea of what to expect.
The quality of the courses is believed to be good enough, but not excellent. Individuals that state they have been to these classes talk favorably about the training they got. Looking at the costs, it appears like the company’s staff are receiving a handsome share. The issue is, why does the Fortune Builders website not reflect the costs and packages? What stops them from becoming transparent?
In general, you begin smelling something fishy when everything is unexpectedly hidden—specifically the cost. I mean, if a web-based shop is attempting to promote software or another product, nobody will buy until the cost is determined. This is something quite unusual, and I can think of no reason that might justify this particular strategy.
Is Fortune Builders Scam?
Apart from hiding the rates, nothing appears to be malicious. From what I have seen, individuals have advocated the caliber of education they received…
Nevertheless, as you will quickly see below, that alone does not suggest I will be recommending you to join – actually, I will be doing the opposite.
I believe that this particular site is great for individuals who already put up their business and know how real estate works. The classes offered by Fortune Builders simply polish their abilities and update them with several excellent tips and tricks to maximize the earnings.
If you don’t have any experience with the real estate sector at this time, I’d recommend staying away from paying such huge costs for programs deliberately hidden from the site visitors. Yes, the site may technically be legitimate, but with no pricing, you just cannot check and compute the income and loss… So how could you anticipate the potential return when you do not realize the cost of getting started?
Besides real estate is just too DAMN expensive to get started in as it is. I mean, we’re talking $50,000+ to get started IF you want DECENT CASH FLOW from the start.
Can You Make Money With Fortune Builders?
Yes. You can make money with Fortune Builders, but you also have to spend a huge cost to get started with them.
You can certainly make money with real estate investing, but if you’re gonna put in the amount of grueling work to become a real estate investor (which, trust me, isn’t easy), you might as well bring in some REAL money.
The program that helped skyrocket my online business to $40,000+ per month teaches some of the same real estate investing skills, but shows you how to monetize them in a much, MUCH more profitable way.
Is Fortune Builders Legit?
Yes. Fortune Builders is legit.
It is entirely possible to build a profitable, successful real estate investing business… But there are better ways to build a business other than with real estate investing.
Because unlike Fortune Builders, it actually provides real proof of real success from real people as recently as a few days ago.
But, when it comes to building a business, you have plenty of options.
And even if you’re dead set on becoming a real estate investor, you’ve got way better options than Fortune Builders.
Keep in mind, I don’t get paid to promote any of the programs I review. I personally think real estate investing is a great business model, but you could end up leaving way too much money on the table.
What Is Our Top Recommendation For Making Money Online In 2021?
Where these Fortune Builders fall short is in scalability. Because in order to make a good amount of money with real estate, you have to own several different houses.
And who has that kind of capital to start?
But what if you went local?
With Local Lead Generation, you will be getting service requests from multiple sites at every minute of the day from people who are willing to pay a lot of money for what you can provide them.
I was watching a YouTube video once where the host made a comment that it isn’t about making a lot of money from one website… it’s about making a little bit of money from lots of different websites.
So, think of it this way….
What if you could have streams of investment income where you operated 10 rental units that you could charge anywhere from $750-1,000 per month?
That’s $7,500-10,000 per month in passive income!
What If You Invested Into 100 Rental Units?
But instead of spending $Millions to build houses or apartment complexes… you spend a couple hundred dollars to build websites.
You then get those websites ranked in the search engines for specific home-based services that customers are searching for.
Next, you offer your lead generation system to local business owners who are looking for customers and are willing to pay you for their information.
You’ve just created a Digital Real Estate Investment Empire that is potentially earning you 4-5 figures in PASSIVE INCOME on a monthly basis without spending a single dime on ads.
With conventional digital real estate, you have to compete with thousands, if not millions of others who are selling the SAME product to the SAME customers.
Once the training program is completed you will also have access to a Facebook group much better than the Fortune Builders group in our opinion. This group is much more active.
Unlike Fortune Builders, where you’re profiting maybe $250 per property, you could be getting 5-10X THAT.
With Local Lead Generation, the competition is virtually nothing and your profit margins are 85-90%.
Now, I could go on and on, but I’m sure you have tons of questions about how to create Digital Real Estate assets and start building YOUR digital empire!