Want to start investing, but stuck.

[Jesse D.]

Hello everyone, my name is Jesse. I'll keep this as succinct as possible:

About me:

1. Licensed realtor since 2017; experience listing/selling property.
2. 10+ years of rental property management experience, very good at finding tenants that pay the rent on time, take care of the property, & generally stay long-term.
3. Experience working w/contractors/handymen, handling remodels, sourcing material, designing places from start to finish (trashed rentals to high end luxury homes), etc. 
4. Currently studying for broker license/not actively prospecting for new clients so don't have a steady stream of income at the moment but have some savings for investing

I have 2 questions:

1. Where can I find a mentor? I've been to some real estate meetups, but been unsuccessful. I know they say you can find one here - do you just put a post out or...? Do I even need a mentor?

2. If I find an investment property & want to partner w/someone to provide capital, how do I "structure the deal"? If the property is in CA, I'd be the selling agent & able to manage it/get it ready to rent out. Is structuring a deal basically drawing up an agreement that states who is responsible for what & how profits/losses are handled, setting up an LLC, or something else? Examples would be helpful!

Thank you in advance...open to any other advice as well.

[Patrick Drury]

Where can I find a mentor? message people here in the forums that are in your local market or find someone in your local market that is killing it at investing. 

Question 2) That's completely up to you. My personal take is all partnerships are not equal. One partner will be doing more work than the other. As long as you outline ahead of time each other's roles and responsibilities and both parties are aware and good with that then that's fine. It's up to you to find a partner that will complement what you are looking for. For example, If you have capital and no experience rehabbing and no access to deals find a partner that can rehab and find deals.