Mentor... Montgomery, Alabama?

Question

Hello REI world!!!

When starting out in anything, it's always smart to gain knowledge from a person who been there! So, with that being said... I'm search for a great mentor in the Montgomery, Alabama area. A person that will sit down and let me pick their mind to gain knowledge in the REI field! I'm looking to start out in wholesaling, so I need a willing person to coach, guide, and work with me through my first deal. I'm always looking to gain knowledge and talk business with a person who use to be in my shoes. It get me excited knowing the opportunities that are ahead of me! So...

Thanks in advance!

P.S. The next REI club meeting in my area don't meet again for another 3 weeks.

Tyrus Shivers · Answer

@Daunte Flowers

If you can, stay away from the high-priced education. Simply because you can get it for free. If you pay for anything, invest in becoming a realtor. I have found that it will be easier and you can do things on your own time.

Mentors are tough to find, even if you get one it will again be on their time. Hit the ground, go out, ask questions, show up at open houses, rehabs, and just ask. If people do not answer your questions, go somewhere else. There is always someone willing to help!

I invest in the Montgomery area, but I live in Maryland. I went to Tuskegee back in '04.

Keep posting here on BP, there are other investors in the Montgomery Area. However, I have also found that there are fewer who are on BP (tons of investors in Montgomery). I guess it is just different. People I know there that own a ton of houses never heard of BP. I was born and raised in Alabama and I know that at times the South can be a little behind on new ideas ;)

You are welcome to contact me, I am a beginner, but I am moving along and I can help you where I can. I am always willing and will never charge a fee for information or assistance.

In the meantime, if you need a realtor, mortgage company, attorney and title services, HVAC contractor, property manager, I have contacts there that are good and willing to assist. AND they will not break the bank!

Aaron Mazzrillo · Answer

You can do all the things you are looking to do, for free, right here on BP. Just ask, ask, ask, ask, ask. Someone is waiting to answer your questions.

J Scott · Answer

What are you offering in return to the mentor?  Or are you just looking for someone to donate their time, energy and knowledge to a future competitor for nothing in return?

Tyrus Shivers · Answer

@Frank Cain

@J  Scott  has point. Many experienced investors will ask those questions. Time is money. However, you can equip yourself to answer those questions. Through education, desire, commitment, be prepared to bring something to the table.

However, they are plenty of people that are willing to share information without requiring you bring them something in return.

Either way, you do not want to depend on a mentor. You are on their time, they may or may not address your concerns, and you will most likely have to give something.

The best way is to hit the ground running and ask questions when you get stuck by coming to this forum. If anything contact an attorney they can assist you with the legal aspects and paperwork. Talk with realtors they can give valuable information as well.

So do not worry too much about someone mentoring you, just prepare yourself and you will not need much of a mentor.

Frank Cain · Answer

Let's not get too passive aggressive, he's just starting out, encouragement is the key to motivating.

How is it going @Daunte Flowers ?

I think I've found a mentor in Wetumpka.  He has 250+ rental properties and I just happen to find all this out in casual conversation at work. With your job, I would imagine you are exposed to all sorts of investors.  The trick is to find out about them without coming across as desperate or creepy.  I'm sure there is a BiggerPockets topic about this

Keep us updated. Hope to see you next Monday

Contact Person:

Hubert Griffin

Meeting Location:

Coldwell Banker Real Estate Office

Meeting Address:

1855 Halcyon Blvd Montgomery

City, State Zip:

Montgomery, Alabama 36117

Meeting Time:

3rd Monday, 6:00 p.m.

Phone Number:

Fax Number:

Website:

alreia.net

Email:

hgriffin@al-reia.net

Daunte Flowers · Answer

@Frank Cain

I'm still trying to find out all the details... I know they meet every 3rd Monday, but I don't know the exact location! We should definitely connect, I see no problem with sharing advice through our starting process.

Travis Daggett · Answer

Daunte-

I've been to the REI in Mobile, but not Montgomery.

Tyrus Shivers · Answer

@Daunte Flowers Definitely, I am here for any questions and networking. Tuskegee all the way. I was a Marching Crimson Piper so I am still connected to TU.

@Frank Cain I suggest reading HOLD, The Millionaire Real Estate Investor, Lease Options by Wendy Patton, @J  Scott the Book on Flipping House and his rehab estimator. I am not sure what your goals are, but you cannot go wrong. Also get some Real Estate law education or business and ethics. Cannot go wrong!

Frank Cain · Answer

Hey Daunte, I'm in your area. We have about the same level of experience. When and where is the next REI meeting? I've listened to about 10 podcast, but haven't read the first article or book. I really like the BiggerPockets concept so far. Anyway, just wanted to say hi and tell you I look forward to tracking your progress.

Take care

Frank

Daunte Flowers · Answer

@Braden  C.

Thanks for the advice. I'm actually in the process now of putting my business plan and presentation together of my purpose and agenda. I pretty much got a niche and a goal, so I'm in the process of putting it on paper. I'm actually trying to get my business plan done before the next REI meeting in my area. When you get free, I will love the opportunity to run it by you.

Mentor... Montgomery, Alabama?

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