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Updated over 5 years ago on . Most recent reply
I need mentorship but hesitant to pay guru.
I'm anxious to start my real estate business partnering with my brother-in-law. We recently attended a three-day Workshop hosted by Fortune Builders. We learned a lot of valuable information and took a lot from it. Of course they were selling us a package to make us successful in the business. Although I know it's a sales pitch, I'm still humble enough to know we are such beginners and would benefit from mentorship. Obviously I'm not going to pay 30 to $50,000 for their mentorship but they offer smaller packages. One of their team members I've been emailing back and forth with about getting mentorship on wholesaling to raise capital. I feel like learning how to successfully wholesale is a good foundation of real estate and will give us a good start on at least understanding more about the business. Although it's a lot smaller price than $50,000, it's still a $500 investment they want us to make to partner with them for 3 months. Does this sound like a good idea to get a little mentorship? I'm very serious about starting up and my brother-in-law is as well, but if my $500 could be spent towards my business in a more effective way I would rather do that as well. I just know anybody successful out there almost always seem to have some type of mentor. If I knew someone in my own local market who I could apprenticeship under I would much rather do that. But I have yet to meet or reach out to anyone in my area. I'm very much a planner and never do anything on a whim, so I'm trying to start this off with guidance so I don't get us in trouble we're in over our heads. Any thoughts or advice would be very much appreciated
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@Brittany Goree attend the webinar tomorrow on BP the price is right, free. Unless you can close on a deal wholesaling is selling real estate without a license and you could be prosecuted. The calculator will be your best friend. There is one on BP you can use for free for 5 times. Join the pro and have unlimited use. If you attend the webinar they will give you a discount to become a pro member. It takes money to be in real estate. Unless you are going to house hack you will need at least 20% down. You can find local investors by going to meetup.com , type in real estate and how far you are willing to travel. You can find a team, agent, lawyer, property management, insurance and contractors. I have to travel at least 1 1/2 hour to go to my meetup. You might find a hard money lender or someone to partner. Most everything you need can be found on BP. You can also find people in area by using the search function. Good luck