Offer 10K to Jump Into a Project?

[Danielle D.]

Hi everyone,

Hope I ask this in a way that makes sense. I've been driving for dollars in my area and happened upon a few properties that had recently been purchased by the same woman. While taking pictures, her contractor walked out and started chatting with me. I explained what my goals were and he gave me her info and said she does this on the side and loves speaking to new investors. He highly suggested I speak with her. I spoke with her and she offered to meet with me in a few weeks and answer any questions I may have. 

In order to get my feet wet in the investment world, I figure it's best to introduce some of my money into the mix. I'd like to ask her if I can invest some of my money (a wee little bit) into one of her current houses under rehab while spending time on site. I'd like to be around her contractor, swing a hammer, pick people's brains, see how they work on a daily basis. Put sweat equity as well as my few dollars into the project. 

My question is, if you're a seasoned investor, would you be interested in something like that? If no, why not? Any other avenues you would be more open to personally when dealing with a new person?

Also, any suggestions, as to good questions/topics to have for her? She's been doing this for a while, the contractor spoke highly of her, and I even found an article in the NY Times mentioning her. I don't want to show up to the meeting and waste her time. 

Thanks in advance for any help!!! Since I've found this site, I look forward to these responses more than the stupid like my last clever comment got on facebook :)

[Brandon Battle]

Hello,I know exactly what you are talking about.Trying to find an experienced and patient mentor isn't cheap or easy I have found.Most don't wanna be bothered with dreamers with only a small amount of money to invest and sweat equity means nothing to them.It's not impossible,just difficult.I mean look at what we are asking them to do,"Hey,I would like you to spend dozens of hours of your time teaching me how to be your competition and beat you out of good deals someday soon".Yeah,doesn't sound appealing,does it?Cash is king to them.I am going to have to invest a lot of my cash to provide Gap funding for flipping houses for them to teach me how to deal with contractors,get funding,negotiate sales,etc.It is going to be an expensive but, hopefully worthwhile education.