Financial Advisor: Do I Need One (Denver Colorado)

[Taylor Burns]

Good morning BP! 

I am still new into real estate investing. I am learning all I can and actively looking for my first deal as a house hack just south/east of Denver Colorado. 

I met with a financial advisor last week that a colleague had given my information to. It was with Northwestern Mutual. Before this meeting, I had never thought about even seeing a financial advisor. The guy I met with was not personally in real estate but worked with a lot of large investors. 

I am just looking for some input to see if a financial advisor is a good move to just getting started and if so, should I look for one that is actively doing REI? I am just curious to see others input on this topic. Would it be beneficial to get this help, or is it not necessary? 

Thank you!! 

[Aaron K.]

No I believe that Northwestern Mutual is commission based meaning they make money when they sell you expensive mutual funds.  Most financial advisors do not deal in real estate at all and most are not fiduciaries (meaning they are required to serve your best interests).  If you do get one make sure they charge a flat hourly fee and are a fiduciary, if not run away because they are just selling you a bill of goods.