How to start, The steps and Who to start with?

Question

I have been thinking about Fortune builders Mastery. I do not have the money needed for those plans they are between 30 and 50k. Then they have some jump start for around 6k with how to setup my llc and the step by step to starting. (all I would have to put on credit cards since I only have a few thousand and was hoping to use that to start the business).

I thought the fortune builder guys were awesome the 3 day event was great very informative. I love that they have systems but for the price I was shocked. I am a person who throws everything I got into what I am doing. I told the guy trying to interview me and he said the only issue is paying that 35k or 50k that he should pay it for me. I know this sounds nuts but If this system is step by extreme little step for newbies then I will not mess-up and I will have many deals which I will let him fund for me as a investor since they would be deals he taught me how to get and I would pay him a 20% annualized fee for fronting the money for me for the program. He said part of his interview is if he thinks we will be great and he said we were awesome. So I told him if its only money and he thinks we will do great we should be let in and he can pay or let us in free since we will make them so much money by letting them fund our deals. He said no. I told him either he was not truthful that he believes in us, or he doesn't believe in the program, or this is just a money play.

Coming across Bigger Pockets I felt I would ask if here is the best way to start. Or for any advice.

I am very green and new. I really see the money in REI and what it can do for me and my wife. I do need some step by step in extreme detail program or book to follow from knowing nothing to be able to  make deals when I have just about no money. There are many books to buy or programs. Any suggestions would be helpful.

Also can someone who has no Money get into it full time? Or should It be started part time?

I do apologize for sounding extremely green. Thank you in advance for the advice.

Cornelius Charles · Answer

@David Naiman

As a fortune builders (FB) student, i would not advise joining based off of what you wrote.

1. i don't know who interviewed you, but we know one of the advisors (or whatever they are called), and we were told that anyone employed by FB cannot invest their money in students.

2. FB does not fund deals, at least not that i know of.  They do have a hard money lender that they work with, but my understanding is that their requirements are no different than any other hard money lender out there.

Before doing anything, i would attend local REIAs (if you haven't already) and understand your local market.  I honestly haven't attend one of their trainings in a few years, but the strategies they were teaching are not very effective in a strong seller's market, in my opinion.

If you don't have any money, how can you get into it full time?  How will you support yourself if it is difficult to find deals in your market?

This website is a great place to learn.  One of the good things i will say about FB is that they package the information in a way that is straight forward and that you can find easily.  It may be a little harder to find what you are looking for on this site, but i don't think FB is worth the money just to make it easier to find info.

Matthew Perry · Answer

1) ignore the noise for a little while and have a honest conversation with yourself.

2) ask yourself what you want to achieve- what are your goals and be really honest and in depth about it. Be specific as possible. Is it paying off a mortgage? Is it a family vacation? Is it added extra income? Or are you trying to create a business for your family to run?

3) how can fortune masters get you to your goals quicker? Or is having the money more beneficial for your first deal?

4) lastly, anyone can do this. Money is not nor should it be a determining factor whether someone begins to invest it should be about your effort, your determination, and your ability to eliminate fear. Everything else is just noise.

Dustin Lauer · Answer

I often get great clients from Fortune Builders.  It must be pretty solid after the many good clients I have had.  For your scenario I think it would be best to get a 2nd job in the industry to learn more.  If interested I’d be glad to have a phone call with you and try to help you come up with a list of alternative places you could get the inside information.  Bigger Pockets is obviously a major resource with tons for free that you can read, watch and listen to.  My 2 cents would be to initially follow in the steps of those who are really doing deals.

David Naiman · Answer

I feel I am at the point where I do not know enough to make that kind of investment. Nor do I know of the other programs or ways to learn and which is the best for someone who is very hungry.

At the same time my hunger is telling me to pull the plug and pony up. I feel a bit stuck.

It is not about whether to do REI or not. It is about how to do it the best most efficient way is where I am stuck.

How to start, The steps and Who to start with?

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