I just completed day 2 of the 3-day workshop for Than Merrill's Real Estate Workshop. I am naturally a skeptical person and cynical about these 3-day selling gigs.
I knew that the attendees would be subjected to an upsell. I was prepared for some money, but when the real costs were revealed, I was stunned! $49,997.00 for the Master's Class. What a crock I thought to myself. These guys must be crazy.
I went online on 10/27/2017 to do some reviews of the program and found a review from BiggerPockets that explained the same feelings I was having that although this was not a SCAM, it was certainly NOT something that the average person can afford, and I thought yeah, that the FortuneBuilders team was taking advantage of "the little guy."
I WAS SO WRONG. My mindset was not looking at the whole picture. This program is a franchise. You are actually purchasing a business that is tried and true. What Than Merrill has created is truly a life-changing product. This program is not for the part-time investor, the wannabees of real estate investing. This program teaches you how to replicate a solid thriving business entity.
The software alone is worth $50K. The marketing projects are already set up and ready to go. This program is slick and as the MC for the program stated. It is the closest thing to a success formula/guarantee in this industry as you will ever get.
I think he called it the "McDonaldization" of real estate investing. Lee Escobar was our 3-day coach, and he was fabulous. A little pushy and talked too long on some days, but the product is stellar. When BiggerPockets reviewed this product he did not mention that you could take 6 people with you; they train your future employees for you.
There are 12 months-24 months of hands-on coaching. They have someone to look over your deals for you. The Deal Analyzer, the templates for doing rennovations, the costs sheets and SKU number from Home Depot are already set up for you.
The Repair Module.
This program sets you up to run a real business. NO, I did not sign up because I realized that after the $49,997, there would be additional expenses like marketing, paying your employees, etc. Just like a franchise you need operating capital after your purchase the business. This product that FortuneBuilders provides is a new way of doing flips. The FLOPS are just the beginning, they also teach you how to create ongoing income, and passive income.
You are in fact buying the system and protocols, the SOP of a thriving entity that you just need to copy and paste and go forward. It is a genius concept that I may explore at a later date. In the meantime, I'm buying Than's book on wholesaling to create the capital I need to join FortuneBuilders.
Bottom Line: Yes, I would recommend this to a friend
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