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Updated over 14 years ago,
Looking for a Mentor? (this is not a solicitation)
This is not a solicitation.
I would like some feedback from new and potential investors looking to get into this business.
Here is a scenario:
You go to your local REIA and meet an experienced investor in your area who is full time in the business and had done over 100 deals. He mentions that he is looking for an apprentice. He wants someone to work with him in his business and in return he will teach them the investing business.
He tells you upfront, he is going to have this apprentice do a lot of grunt work like collecting rents, taking pictures of properties, and running errands.
He also tells you he will introduce you to contractors, closing attorneys and realtors and give you more and more responsibility as you grow in your abilities. You will be with him regularly and get to watch him interact with customers and vendors as he runs his business.
Is that something that you would be interested in as a new investor or does it sound like the exerience investor is just trying to take advantage of you?