- Report: #851306
Report - Rebuttal - Arbitrate
Complaint Review: Fortune Builders
Fortune Builders4655 Cass St # 214 San Diego, California United States of America
Fortune Builders Jonathan Steingraber Charged $200.00 For a INFOMERCIAL SEMINAR. No real evidence of proof other than pictures with Blurbs. San Diego, California
*Consumer Comment: Attended Seminar and Purchased Mastery
*Consumer Comment: Seminar was crammed with useful information
*General Comment: Too good to be true.
*Author of original report: Than Made Good on promise
*Consumer Comment: Its not all that bad with Fortune builders
They do not provide any solid verifiable proof of evidence from their past students AT THAT SEMINAR like local examples using the same MLS that anyone in California has access to, only pictures of their students with pictures of the properties they made money from and written blurbs not live videos.
BUT they do use pressure sales to try and get you to sign up during those three days by telling you that the price they are offering the program is for the seminar days only. They do have live videos of hyped up seminar attendees from past seminars, why not of their happy rich students.
At the initial meet and greet that is free, you are told that Fortune Builders lends their students money to purchase the homes. Once at the $200.00 INFOMERCIAL seminar, you learn that you will have to spend $20-70K to be their student, but Im not sure at which level you have to buy into for you to be considered for that loan, AND only at that INFOMERCIAL you just paid $200.00 to be at, you learn that they charge 14% for their loans to their students.
YIKES!!! That doesnt even make sense to me, if I were a student that just paid $20-70 to Fortune Builders and was using their program, coaching and was taught how to invest by their top pros in the company, Id expect to get a better rate than that.
Then they show you an automated program, whether that is included in the 3, 6 or 12 month cost of being their student, I dont know. I did look up the program on their website and it lists it for $300+ for the medium level. No mention of that cost was talked about, so whether it is included in the $20-70K price, I don't know. Maybe he forgot it was another "hidden" cost.
Here it is in a nut shell, NO ONE that shows me pictures of people that made money by spending $20-70K for a program, coaching and training isnt going to convince me to buy their program for any price no matter how many days and hours they keep telling me why I should buy it.
Example: I have a picture of me and a few other people standing next to a check made out to me with 7 figures on it or a couple of my students standing next homes I they bought and sold to make that checkand Ill only charge you $20,000-70,000K to teach you how they and I made thatso sign here and press hard, there are three copies, and make your check payable to my corporation. Spending 9 hours three days in a row telling you why you should give me $20-70k to coach you to make that same 7 figure or any income for that matter, isnt going to convince you is it?
Me neither and thats what you pay $200.00 for, a seminar INFOMERCIAL.
Does their coaching, programs and company really deliver on their promises for $20-70K? I dont know I didnt spend the $20K to find out, but I can tell you that Jonathan Steingraber, the speaker at the seminar told us he Under Promises and Over Delivers and promised to send us slides, what we received was worthless and when I emailed their company, they responded by saying thats all there was.
I emailed the company a few times requesting the slides; I ask that Than Merrill contact me, nothing. I'm not sure what Than Merrill's involvement is with these seminars but they use his and another guys large cardboard figures at the enterence door on the first day.
Then I posted my disgruntlement on a review website I thought was independent of Fortune Builders but later I think it is run by Fortune Builders because I got a call from Jonathan on my unlisted number, so apparently, they were able to trace my IP address. He wants to address my concerns but no calls from Than Merrill.
And, on the website that he posted his reply to my post, it wouldnt let me respond to himgiving me the impression that the website is run by Fortune Builders. Why else would the seminar presenter be able to give himself a raving and high rating review yet rebuttals cannot be posted.
His reply basically stated that I misunderstood that he would send us the slides of the seminar.
Dont worry about taking notes, I will send you the slides, I want your attention on mehow can that statement, repeated several times throughout all three days, be misunderstood?
Bottom line: the INFOMERCIAL SEMINAR should be FREE!!! NOT $200.00 And, if it is really that good, they need to do away with the pressure sales, provide evidence of proof and you should be able to sign up at any time for a reasonable price WITHOUT having to take out an equity loan on your home.
This report was posted on Ripoff Report on 03/09/2012 01:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/Fortune-Builders/San-Diego-California-92109/Fortune-Builders-Jonathan-Steingraber-Charged-20000-For-a-INFOMERCIAL-SEMINAR-No-real-851306. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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