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Updated over 10 years ago,
Find a Mentor or Quit?
I have been hammering away at trying to start a fix and flip real estate business of single homes in the Chicago market. I have tried pursuing several avenues to identify opportunity including knocking on homeowner's doors, working with wholesalers and brokers, trying to buy notes and calling attorneys for their lists of potential foreclosures and short sales. I am now at the 10 month mark and have not closed a single deal. There always seems to be some problem that causes the deal to fail such as investor issues or seller issues. I am beyond frustrated and not sure whether I should call it quits or try to find a mentor to show me what I might be doing wrong. It has been so difficult to just identify opportunity in this over inundated market with little supply. Anyone have any ideas? I have seen the concept floated around about a local investor's coaching program but I don't have any money to spend aside from splitting the profits of a deal 50/50 nor do I know where to identify such a program. Help!!!