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Updated over 10 years ago on . Most recent reply

Put me in Coach!!!
Hi, Steve here. I am very new and right now in the obvious learning phase. I really want a local mentor here in Grand Rapids Mi. I have sent out emails offering to clean vacancies, answer phones, run errands, take photos of properties and anything else I can do to help in return for their knowledge and guidance. I also know a lot of people say they will split deals. Im more interested in getting in the game so they can have 100% of any deal I do. Yet not even one response from anyone. At this point I would love to see a no, at least then I know someone read it. Anyway should I bite the bullet and pay for a mentor? Who knows who is even legit? I joined a local meetup but have to wait for the next meeting to start, so hopefully I get good advice there. Anyway, feel free to shoot any tips or wisdom my way.
Thanks,
Steve
Most Popular Reply

@Steve Howe what sort of investing are you trying to do? IMHO the whole idea that an expensive "mentor" is a worthwhile way to spend your money is mostly a concept promoted by those expensive mentors. If you want to be a landlord, find other landlords in your are and make friends with them. Then discuss specific issues when they come up. Having someone who is a landlord give you a rundown on local laws and customs is very worthwhile. That shouldn't be something you have to pay for. If you are going to pay someone, pay an experienced landlord/tenant attorney to brief you. If you want to find out how to handle your taxes, discuss it with your accountant. ETC. You don't need to pay someone who knows a little something about everything related to landlording. Specific advice comes best from a professional in that area.