What did YOU bring to the table?

Question

Hello all! I'm trying to find a mentor to learn from however, I'm having trouble trying to figure out how I can bring value to a potential mentor. I work full time and aside from learning as much as I can on Biggerpockets and the podcast, I feel as though I don't have much to offer a potential mentor but I know BP often recommends finding a way to add value to your mentor.

I'd like to ask what have YOU been able to provide to your mentors that made it a more mutually beneficial relationship? Any stories/advice would be greatly appreciated!

Josh Oaten · Answer

@Vincent Harris

I was in the exact same boat as you and the first offer I was presented with was to write blogs for an investor. Guess how many of those I had done prior (0) and guess how much I liked English in high school (0 out of 10). It was my only opportunity so I said I would do it and learned how to write blogs. That led to another investor that need help with his blogging and also searching for MHPs in the mid west, which I learned to do. Up to this point (about 6 months) I was doing this while living in Australia.

Now, through this network and constant BiggerPockets posting I am now assisting a group out in Phoenix where I live towards purchasing 3X 100-200 unit properties ($10 - $20 million each) by the end of this year.

Moral of the story, take any opportunity you get and learn how to do it successfully.

Hope this helps!

Vincent Harris · Answer

@Nate Shields I'm looking for value add long term buy and hold through BRRRR. I'm not too comfortable yet with the whole rehab process or how to accurately estimate rehab costs so I'd like to do minor rehabs to force appreciation and keep from getting in too over my head. I plan to start with househacking and BRRRR my properties so I can "recycle" the money from my deals.

Unfortunately, my Property Management experience lies more in HOA and Condominium Association management, so I'm not sure how much it helps.

@Ned Carey excellent read, thank you for this!

Ned Carey · Answer

You might like this post

https://www.biggerpockets.com/member-blogs/3225/26426-how-do-i-find-a-mentor

Nate Shields · Answer

@Vincent Harris

Since you have experience in the space as an Assistant Property Manager, I think you'd add a lot of value to potential mentors who may not be as skilled in that aspect of real estate investing.

Do you know what kind of investments you want to do?

Vincent Harris · Answer

@Josh Oaten That's excellent, I haven't even thought of writing blogs for mentors as a possibility. Did you get that offer after reaching out to the investor? How did it come about?

@James Bennett It would seem to me that you have talent to offer a mentor in the form of marketing, maintenance, and maybe something sales related like negotiating deals/calling prospective sellers. Since I'm pretty inexperienced I'm not sure if that's accurate but I think it could be a start towards advertising yourselves to a prospective mentor.  I've been told that I am well spoken and an overall personable guy. I have a fair amount of experience in writing as most of my work days consist of sending emails, writing commentary for financial reports, and drafting letters to homeowners (I work as an Assistant Property Manager). I'm averse to talking to potential mentors before knowing what I can offer but now that I'm thinking about it, an introduction is just that, and could get the wheels turning for what I can do and what they may need.

James Bennett · Answer

We haven't tried reaching out for a mentor yet, but we have been offered many get rich quick real estate guru education programs for 30k buyins and promises of mastermind groups-- We all have unique experience professionally and personally, so i believe the different perspectives and character traits we carry could be a boon to someone without them. For instance, if you are well spoken, perhaps you could let someone know that is a strength for you and it will peak their interest or a partner who maybe is more shy or introverted. My wife and i have mobile home management, maintenance, and sales in our backgrounds, but are unsure how to locate and advertise ourselves as interesting for someone to devote time to as mentorees... perhaps its just about going to networking events till you find someone more successful than you, has something you want, and you click with?? ... have you had any more luck figuring it all out since u posted this?

What did YOU bring to the table?

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