Fortune Builders
Complaint 269970 Details

  • Date Occurred: 06/18/2013
  • Reported Damages: $24,997.00
  • Location: San Diego, CA

The complaint is against an online dating profile

The complaint is a listing fraud posted on public forums or sites against an anonymous entity

The complaint is mobile text spam or smishing related against an anonymous entity

The company or person contact no longer exists

International boundaries

Please, Please, before giving this scam outfit your 25k do your research. Do not research on the internet as all of the FB 'review' sites are controlled by Fortune Builders. Ask a local realtor or a real estate investor at your local Real Estate Investors Association.

Fortune Builders will give you a slick presentation about how they hand pick a few 'select' individuals to let into their circle. The inference is that you are 'special' if you are selected. They talk about who should join, the inference being the 'winners'. "People are either winner or they are losers", they will say. How's that for a not too subliminal challenge to one's ego?

Well, you are special if you are willing to give them 25 thousand dollars. They will conduct an interview that seems as though it is just that, with questions about your work history, maybe your education. Then the real questions that concern them. How much money do you have in the bank, how much available credit do you have, can you ask for higher limits, how much equity is in your home. If it adds up to 25k you are in, you are awesome. They do fail to mention that there will be a few added expenditures. You need to buy some domain names (money) you need to buy a business name (more money) you need to do marketing (way more money) you need to hire someone to do your logo ( you guessed it more $) to do your stationary, your business cards, your envelopes etc ($). They could plainly see that all I had was 25k and would never have the money for the added 'incidentals', but still they decided to not talk with me about them. Because they DO NOT care. If you happen to decide that 25k is just too steep, they will (I found out through other people I met at the seminar) hound you and hound you offering you discount after discount. Then after you join they will call you with an 'invitation' to join the coveted "Inner Circle' Oooh, now you're going to be really in the loop. An insider. Oh boy. Oh yeah, it'll cost you. Thousands more.

They tell you that this is an easy business with millions to be made. They fail to tell you how truly difficult it is to find a deal. At the prices one can offer to make a profit it is nearly impossible. You will make offer after offer and come up empty. If your market is at all competitive (which nearly all are right now) you are up against a big number of much more savvy, much more connected investors. You will most likely NOT get a deal. As a realtor told me RE agents make more money and don't have to risk anything. (Many, many rehabs lose money). Many, many-and that can be disastrous.

Fortune Builders has a Facebook page that allows students to post questions. This is to help all with their lucrative new businesses'. If you are looking for a lender for a project you will receive Zero responses. If you are looking for a reliable, affordable contractor you will have Zero responses. So if you do get a deal you have no money and no contractors. If however, you are wondering which of your 5 logo choices is the prettiest you will receive 50 responses and if you are an idiot wondering if you should refinish the wood floors in a 1920s bungalow or carpet over them (!) you will receive 100 responses. These are serious business people you know.

Additionally, Fortune Builders will recommend that you work with Nevada Corporate Headquarters, an even slimier outfit than FB. DO check the reviews for them online. Ech. They also recommend that you sign up for Realeflow, a company that provides a product to help you organize your company data and provide you with some basic websites- they have worked with me for two months and still websites are not up and working correctly.

Bottom line is if you want to get into the business ask a realtor ask an investor, go to the library, join BiggerPockets (for FREE!). You will find that you will get more realistic info from these sources and save yourself 25k. All I have is a 1000/mo credit card payment that I can not afford because the slime balls at FB thought that they could use it more than I. BEWARE and be SMARTER than I!!!!

Update: 09/16/2013

I don't know if it is the usual practice of FB but when my mentor/coach realized what huge problems I was having with the FB program, he did reach out personally to me. He showed me how to rectify the issues I was experiencing.

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  • Timothy
  • Timothy SBID #6c598a9d35
  • Posted 09/19/2013
  • I am updating my claims and statements above. Due to my current physical health challanges, I have not been able to fully implement the Mastery program and therefore really can not fully comment on how good it is or isn't. I did conclude that the program would not work for me at this time and really needed to get out of the program. I did not contact Fortune Builders with my concerns but instead turned to these various on line complaint sites to vent. Admittitdy this was done in a very emotional state. To my surprise, the head coach at fortune builders reached out to me and quickly made it crystal clear that they are here for me and stand behind their students. I am absolutely 100% satisfied with the outcome and the solutions that have been provided.
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Business Profile Summary

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Company Statistics

  • Complaint Against Fortune Builders
  • Complaints Filed: 5
  • Reported Damages: $87,894.00
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