@Colleen B Crain
I think their systems and templets have value, but it’s up to the individual how much that is worth to them. My guess is that most of the people that are actually successful with FB probably would have found a way to be successful without them. As you mentioned, my bet is the vast majority of people who sign up probably don’t end up doing more than a deal or two, if that. So in my opinion, FB is not a scam, but you can debate all day long whether it’s worth the money or not. I know the prices/membership levels have changed greatly since we joined, so i really have no idea what's included with the different price levels anymore.
As for me, I will always be grateful to FB. If it were not for one of the cheesy radio commercials for a “free 2 hour seminar” that we heard one night, we would have never been introduced to real estate. Since joining FB, we have done one super successful flip and my wife was able to transition to a full time realtor, whose income has surpassed mine as a full time engineer. Using the FB tools/systems, we were super confident with a 500K purchase price and 93K rehab as our first flip. Whenever we find another good deal, I will definitely be going back to FB to refresh my memory on some things and to check out the latest templates.
I do not agree with some of their tactics, as I feel that they “accept” people that they know can’t afford it. But I also feel there has to be some personal responsibility as well, so some/most of the blame needs to be on the people signing up. I’m not sure how much responsibility should be on FB to “weed out” every single person who applies, but I think I can do without the whole “increase your credit card limit” gimmick.
