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Updated over 10 years ago,

User Stats

40
Posts
6
Votes
Ken Morris
  • Mechanicsville, VA
6
Votes |
40
Posts

Newbie. I have a mentor/ Internship opportunity.

Ken Morris
  • Mechanicsville, VA
Posted

Hey BP I am a newbie in the sense that I have not done any investing into real estate yet while I have been investing in myself with my financial education. I have been reading voraciously, reading the BP forms and I have been listening to BP and other real estate investing podcasts and have been watching the BP youtube videos and other youtube videos that will help me understand some of the vocabulary and concepts of real estate investing (Buy & Hold). 

Okay, so here is the deal. I have been searching for a way to help set meyself apart and to help accelerate my understanding of real estate investing since I am still in school (I have one more year and then I will graduate get a job and then immediately start investing once I have an appropriate time length of work under my belt for loans and once I have enough saved up to put down for an FHA loan possibly tied with a 203k on a small multi-family, triplex or 4-plex). So to help accelerate my studies of real estate and my "platform" I have been in search of a mentor or rather a rich dad. So I thought about some people that are where I want to be and I think about my old landlord that I use to rent from. So, one day, yesterday to be exact I call him up and leave him a message that I want to learn from him and that I read the book RDPD and it changed my entire thinking-because i was planning on going to law school, now I'm not. So he calls me back immediately and I tell him everything again that I had said in the message. so then we begin to start texting and he says this:

Potential Mentor:"Ken I need an intern for next semester. It does not pay but only commission for any house you find. If interested apply. This will not be a high paying job but if you want to learn real estate there is no better place in Virginia then my business which has been the fastest growing around VCU area. If you are interested let me know and I will tell you how you can start preparing for the internship in the fall semester. I need someone who can do 20 hours per week. Consider this your rich dad education crash course you are about to have!

Me:" I am interested! I would like to flesh out the details a bit more. When would I be learning how to be successful at doing exactly what you are doing?"   

Potential Mentor: "You must learn to crawl before you can walk and then run. But if you commit this senior year to working for me then when you graduate you will be ready! You will learn more in my business than in business graduate school. Let's talk in a week to flesh out the details."

then we text back and forth and then I let him know what I have been doing to self educate myself and then he says

Potential Mentor: "Learn everything you can about sourcing deals from Biggerpockets This is the main thing you should focus on until we speak next week.

So my question is, 1)does this look like a legit opportunity? 

2) I haven't found much about sourcing deals yet is there a specific blog post or something that BP has created that I could go to and digest?

3) Am I just overreacting and should I just wait until I get more details?

4)What are somethings I should ask him when I meet him in person?

5)any other advice is welcome!

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