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Updated over 10 years ago on . Most recent reply

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11
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2
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Steve Howe
  • Kentwood, MI
2
Votes |
11
Posts

Put me in Coach!!!

Steve Howe
  • Kentwood, MI
Posted

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

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22,059
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14,127
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

@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.

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