Questions That I Should Ask a Possible Mentor

[Bryan Dumesnil]

Hello everyone,

I recently discovered that an individual that I know personally from performing music is in the business of flipping houses. He is a contractor so he is pretty much active in almost the entire flipping process, including construction. After a brief discussion, I asked if he would mind talking about his profession one day because I was very interested in the business. He gladly agreed. I finally got the courage to send him a message and ask if he would mind sitting down with me for lunch or dinner one day and we could go over some details of flipping houses. Once again he agreed and we should be having that meeting within the next few days. He doesn't know this yet but I plan to ask him to mentor me. I also plan to make it worth his while by offering to help with acquiring the properties, making phone calls, picking up materials, and even helping with construction. I will be compiling a list of questions to ask him about his business to better understand what all is needed to successfully complete a flip. I already have a few questions thought up for the meeting, but I was wondering if anyone may have a few other important questions that should be asked that I may not even think to ask. I will list my original potential questions below. Please note that these will not be asked in this order.

How many flips, on average, do you complete in a year?

What types of properties do you look for?

Do you have your own real estate agent?

How did you get started in this business?

Which areas/neighborhoods do you look to buy in?

Would you like to do more flips per year or are you happy with the amount that you are doing now?

How many people do you have working for you?

What parts of the rehab are you not capable or comfortable doing?

I will most likely think of some other questions but of course I would love to hear what you all believe I should add so that I can maximize the content of our conversation. Any help is greatly appreciated!!