Our Program

The best approach is to learn all that you can about real estate investing and look at foreclosure properties, short sales and other distressed real estate. You need to learn the basics, but you also have to devote adequate time to educate yourself. Rather than buying a set of books and tapes with no real plan, you should take a hands-on approach and work with a Mentor and Real Estate Coach that will teach you, guide you, hold you accountable to your goals and be there every step of the way as you buy and sell foreclosure real estate.

Our Fortunes in Foreclosure Program is unique and you would be hard pressed to find a similar Program that gives you the personal attention that you need and deserve. At the same time, the Fortunes in Foreclosures Program incorporates a personal real estate coach, one-on-one instruction, group instruction, periodic workshops and roundtables with other like-minded real estate investors. We are not aware of another similar Real Estate Investing Program that provides as many resources then our Fortune in Foreclosures Program.

Our process involves helping you source, locate, identify, negotiate, bid, finance and ultimately purchase foreclosure real estate properties. These foreclosure properties may be purchased at mortgage or tax foreclosure auctions, through the multiple listing service, directly from mortgage servicers and banks or prior to foreclosure from the property owner.

Our work does not end here. Your Real Estate Coach will then assist you during the renovation and fix-up period, identify value adding repairs and designs while ultimately getting you to the point of re listing the property for sale at it’s ARV (As Repaired Value).

Finally, we will assist you in the sale of your renovated property recommending our Preferred Vendors such as Real Estate Brokers, Legal Counsel, Home Inspectors and Mortgage Lenders to bring about a successful closing.

The Fortunes in Foreclosure Program is a One (1) year commitment for Students that allows you to participate in the Program for a nominal upfront fee, together with additional success fees based on a percentage of your profit. Our Company only receives success fees if you make a profit. The Mentor and Real Estate Coach have a vested interest in seeing you succeed and generate profits.

While the Fortune in Foreclosures Program will focus on Single Family homes, it is applicable to other property types as well such as:

The Fortunes in Foreclosure Program is structured to quickly get you buying foreclosure real estate with learning and guidance throughout the 1-year Program. It is a hands-on approach with a minimum commitment of your buying two (2) foreclosure homes during the Program. It is expected that you would go into contract on your 1st foreclosure home during Month 1 of the Program. In Month 2, you will close on the property and begin the renovation process. You should be re-listing the renovated property for sale by Month 5. In Month 6, you should be putting your 2nd foreclosure home under contract and close by Month 7. You should have the 2nd renovated house re-listed for sale by Month 11. It is assumed that the renovation process can take up to 90 days per property but this depends on the amount of renovation and fix-up and renovation times may be less. You are not limited in the number of homes you can buy during the Program but this is a function of your experience, financial capacity and renovation times.

You will be asked to complete a Real Estate Investor Assessment Questionnaire and Application to allow the Mentor and Real Estate Coach to better understand your relevant experience, risk profile and financial condition while designing a personal education plan for your success. Your available liquid capital and/or ability to borrow funds (secured or unsecured) will impact your ability to buy and sell foreclosure real estate. The Mentor and Real Estate Coach will consult with you and analyze your financials and make certain recommendations for you to access or obtain debt and equity capital which may come from your savings, retirement accounts, investment account, home equity loan, equity in other real estate, credit cards, term loans, private mortgage lenders or a strategic partner.

Traditional real estate investing is a popular way to grow your wealth, but it also comes with risk that you should familiarize yourself with before proceeding.

Traditional real estate investing requires searching dozens of listings and visiting several properties before you decide on the right property suitable for purchase. It is not about buying a property but rather buying a property at the Right Price that allows you to renovate it and resell it for a profit. You do not want to overpay for a foreclosure property and then make more improvements to the property then anticipated and drive up your costs and potentially not generate a profit or worse-case scenario realize a loss on your investment.

Aside from that, you will also spend a considerable amount of time renovating the property and staging the home while it is being shown to potential buyers. Maintenance and property management are often overlooked duties that are vital to successful real estate investments.

While these risks are not enough to turn someone off entirely from traditional real estate investments, you should know what you are getting yourself into before you make the decision.

You have to understand the risks before making any investment in real estate. One of the key risks involved in buying a property is having to sell it at a significantly lower price due to market conditions, over improvements, conditions outside of your control or not estimating the property valuable accurately.

Another common mistake includes the timing of purchases and sales that may result in substantial losses or losing out on a home or the market shifting ahead of your predictions forcing you to buy property that was available for a bargain. Consequently, now you may be paying a premium.

While there is risk, there can be reward. Your Real Estate Coach is here to fast track your real estate investment education. Listen to your Real Estate Coach

From the onset, you will want to be aware of tax implications of your real estate investment activities. One of the key determining factors is how your property is classified, and how it is used and the duration it is held.

When you buy and sell real estate in a short period of time, you will generate profits that are taxed as ordinary income and not as a long-term capital gain which is taxed at a more favorable (lower) tax rate. You should plan accordingly knowing that generating profits from the purchase and sale of real estate will create taxable income. You should always consult a tax professional with any questions or concerns.