Newbie in ATL: Wondering about Fortune Builders

[Jamie Foster]

Hi there. My name is Dr. Jamie Foster from Marietta, GA. I recently joined bigger pockets in hopes to gain some much needed wisdom in the real of Real Estate Investing. This will be mine and my wife's legacy we plan to leave for our kids as well as teach them how to do the same thing. I am done with my business owning me and am ready to diversify my knowledge and soon my wealth. 

My wife and I recently attended a local event put on by the company Fortune Builders. After the event, which we learned a ton of information from, I found out that one of my patients used their program to do several flips this past year. I just want to put some feelers out there about the program and also about Wholesaling Inc.

Any help would be greatly appreciated. Thank you all for the amazing information. I LOVE the podcast. 

[Denny Faircloth]

Originally posted by @Jamie Foster:

Hi there. My name is Dr. Jamie Foster from Marietta, GA. I recently joined bigger pockets in hopes to gain some much needed wisdom in the real of Real Estate Investing. This will be mine and my wife's legacy we plan to leave for our kids as well as teach them how to do the same thing. I am done with my business owning me and am ready to diversify my knowledge and soon my wealth. 

My wife and I recently attended a local event put on by the company Fortune Builders. After the event, which we learned a ton of information from, I found out that one of my patients used their program to do several flips this past year. I just want to put some feelers out there about the program and also about Wholesaling Inc.

Any help would be greatly appreciated. Thank you all for the amazing information. I LOVE the podcast. 

 You can refer to my company profile and see how I feel about the "Guru" program cost in general, but here are some things to consider. In addition to the cost of the program, which is usually $10K+ and in some cases can exceed $50K, you will also need to pay for travel and lodging to a variety of events throughout the year, so you aren't done paying yet. Getting a lot of information isn't exactly a good thing. Even if I go to an all you can eat buffet, I can only eat so much. 

All of the information you get is available to you for FREE or at least at a fraction of the price online or in your local market. The key is implementation of what you learn and the execution. Which means you will need some hand holding. You only get support and guidance for 12 months, unless you pay even more and can then extend it to maybe 24 months. Even then you aren't being mentored by the "guru" himself. 

You get assigned to a coach. Then you get a few coaching calls with a real estate investor being paid $40 an hour to coach you. How successful is that investor, if they're willing to do coaching calls for $40 an hour. I know a lot of the Fortune Builders coaches in Atlanta personally and I wouldn't pay them $40 an hour for advice, much less $50K. Information is easy to find, it's the support, guidance and accountability that you need and that you won't get with most of those programs.

If you're looking for a structured program to help you get started, there are a number of great programs out there for $1K or less. What do you want to do first? Wholesaling, rehabbing, rentals, multi-family, etc. You'd be better off investing in a course specific to that strategy and start with the FREE stuff first.

Last but not least, you should have to save up, borrow, go in debt or drain your resources for your education. Yes there are some great real estate educators, mentors and the like. Many are contributors to this forum. If you've got the resources to invest in Fortune Builders, you'd be better off finding a mentor or partner and just doing some deals. You'll learn more from that experience than you would ever get from one of those programs.