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Updated over 6 years ago on . Most recent reply

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3
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Hien Dang
  • Rental Property Investor
  • Rome, GA
0
Votes |
3
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what are the normal cost of business mentors?

Hien Dang
  • Rental Property Investor
  • Rome, GA
Posted
I am a newbie at real estate investing. The mentor I have explains that with every deal he gets 50%. for example: A lease/option home with $20k down And a residual of $1000/month He would get $10k of the down payment And $500/monthly . I have heard that there are flat fee mentors but they limit the time and they dont allow shadowing CAN SOMEONE GIVE ME ADVICE????!

Most Popular Reply

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206
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194
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William Jenkins
  • Real Estate Broker
  • St. Louis, MO
194
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206
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William Jenkins
  • Real Estate Broker
  • St. Louis, MO
Replied

Just my opinion and some will disagree.  Do not pay for a mentor!!! 

Go find a seasoned professional in your desired niche.  Demonstraite your desire to learn that nich and see if you can get some of their time.  During your meeting see what you can do for THEM and not what they can do for you.  See if you can get a feel for what they look for in deals and try to bring them those deals.  Eventually you will land upon something they are interested in and perhaps you can get a small piece of the deal then.  In the mean time you will get feedback and knowledge on that niche.  You will also have a number to call when you need general real estate advice.

Successful people are always looking to expand their network of deal finders.      

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