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Updated over 2 years ago on . Most recent reply

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7
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Henry Lipscomb
  • Morgantown, WV
0
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7
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Finding mentors as a young investor with little capital

Henry Lipscomb
  • Morgantown, WV
Posted

I am a 21 year old rising senior pursuing a chemical engineering degree. I do not come from a real estate background so my family is not much help in the way of investment advice. At this point in my journey I understand the important the necessity of connecting with mentors. My question is, how should i go about locating mentors without signifigant capital to offer to make a mutually beneficial relationship? When and if i find someone, what things should I do to secure that relationship?

Thanks for reading!

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15
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13
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Derek Roche
  • Homeowner
  • Rochester, NY
13
Votes |
15
Posts
Derek Roche
  • Homeowner
  • Rochester, NY
Replied

I'll share a bit of my story...

I took a part time job doing handyman/ trim carpentry work. The guy I worked for and with held several rental properties and was partners with other folks on a few more commercial properties. As we worked on the properties we would chat about all sorts of things real estate/ landlording/ finance. I worked for him for almost a year and gained so much knowledge and a better understanding of all the things real estate because I could ask questions to someone that was actively doing it! 

Now that I have my first duplex -  I can call my old boss/ friend and ask him construction questions, vendor/ tradesman referrals etc. All this to say the few thousand dollars I made laboring for him is nothing compared to having him as a resource. --- Like Rich Dad says - Don't work for money.

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