HOW TO APPROACH OTHER INVESTORS

Question

Good afternoon,

I was wondering if anyone had any advice on how to approach other investors in my area? I am really wanting to get into real estate, but my main issue is experience. I am on BP everyday listening to podcast, and searching through the forums soaking up all of the information that I can. I am wanting to help other investors in any way that I can, in order to learn from them. I understand that I need them more than they need me, and I want to benefit them as well. Time is money in this industry, and I don't want to waste anyone's time. Any advice on the right and wrong way to approach this situation is very appreciated.

Mitch Messer · Answer

Hi @Joshua Romero and welcome to BiggerPockets!

I have good news: The steps you need to take to be appealing to other investors are the exact same steps you need to take to be effective here on BiggerPockets. Here are two suggestions:

• Be Visible - Nobody wants to interact with an unknown quantity. Attending local real estate investors association (REIA) meetings is a great way to achieve some exposure. Here on BP, I'd start with adding a picture and some details to your profile.
• Show You're a Giver - Nobody wants all the knowledge sucked from their heads with nothing offered in return. You can offer to shadow other investors while they're out working (for free, of course). Here on BP, show you understand give-and-take by answering a forum post when you can. At very least, vote for posts you find helpful!

When I'm approached by a new investor, the first thing I do now is check to see if they are on BP. If they're not, I have to wonder how serious they are. If they are, I check their recent posts to see how they've interacted with other members of the community here. Jerks and ungrateful takers get none of my time.

Hope this helps!

Jerryll Noorden · Answer

First, I am not very active in the newbies starting out club so you may not know of me my background and how I made it this far. So before answering your question I will tell you.

I come from a very academic background and worked for/with super world renown VIP institutions. I quit my job before I started investing.

I knew nothing, and most will say that was a dumb move. Usually you start investing while you still have a job no?

So what that did was simply, being propelled into a dark world of, if you fail you are screwed. Do or die, step up.

And this is what I CONSTANTLY see missing here in today's newbies attitude and drive.

Stop asking people to help you, carry you, connect with you, network with you. And I do not mean this in a bad way. NEVER rely on other to make it. Don't know how? Don;t know what? Don't know what you don't know? YOU STEP THE FROG UP!

If you think that I think I need someone? Anyone? Dude NO! No one is better than me, and this is what you need to think , see believe. It is completely irrelevant if this is true or not. YOU need to believe it! Because once you do... you will be dangerous. If you truly believe as in ACTUALLY believe you can do anything, and no one even comes close to you... you will be self confident, determined, there IS not challenge, there IS no competition. This is not  fake this is real.

Have you ever seen in nature some tiny bird chasing a bigger bird of prey kicking its A$$ as the bigger bird tries to get away as the small little runt dives in left to right right to left picking at its head like a jet fighter? You know how and why this happens? The smaller bird is defending its territory. It feels he is the POOP in its territory. Or it is defending its off spring. In that case it is do or die! Nothing will deter him. Same with other animals in nature. This is real.

So Believe you are the snitzdick! and dominate your territory!

When I started I asked a million questions here. And BP gave me CRAP answers. Answers that didn't make ANY logical sense to me. Direct mail marketing?? A joke. Driving for dollars? Are you serious? Hand written letters? Get the frog out of here. None of these make sense. But hey they were all the experts right? I am just one stubborn little monkey that knew nothing. All I had was my intelligence, my logic and no experience. So for the first 3 months against my better judgement I listened to BP. It was a complete joke! Lucky for me I was stubborn enough to secretly behind the scenes I did a second set of tasks... but MY WAY! against the current, against everyone's recommendations. Everyone said there is no way some beginner dude would surpass all these big national companies, not just take over the market but completely destroy any competition.

I dove into SEO because that is simply the best way to generate leads that are 100% free and are highly motivated to sell. See it is leads everyone is missing, and it is leads what you need to become successful. If you have leads you are king!

Now.. do you think you get to do this by asking others for help? NO ONE has this, so how are you going to be the best asking someone that is NOT the best to help you? I do not believe in together you will be better than the accumulative potential of each person.

One of you is going to drag the other down. You can debate it all you want, but if YOU are a genius and you team up with someone that is not, one of you will be held back!

And I bet you have little idea of what exactly I am talking about here. So I will show you.

So now tht you know I am not just blowing hot air.

I didn't get here because I asked others to help me, or to partner, or to go to stupid REI meetings that basically is a self horn tooting "HEY I own 45 doors how many do YOU own". I hate those damn meetings and those meetings are dangerous.

Tell me, how many of you have gone to these meetings and you feel satisfied after? You feel like to did something. You did something towards your business. You "networked". And how many deals are you making reliably continuously because of those meetings?

I am not here to crack on the meeting l overs. I am here to give you a reality check if you want to get somewhere. Take it from a guy that struggled, overcame analysis paralysis, took action, went against the grain and made it on my own MY WAY!

You need to take action. Give yourself 2 more weeks to stop all the nonsense. Filter out what is illusion and things that make you think you are getting somewhere and determine what action you need to take to ACTUALLY get somewhere.

• Get a website.
• Make it credible
• Work on SEO
• Do a good form of marketing
• Get leads.
• Get buyers (if you are wholesaling)
• Get an investor friendly attorney
• Sign contract
• Sell contract
• Or flip a house
• Get paid
• Tweak the system
• Double your marketing budget
• repeat 3 times
• Hire people
• automate
• scale
• Enjoy success!

Stop feeling comfortable. Stop thinking you are surrounded by people here on BP in the noob section that are in the same boat as you.. because they ARE NOT. They are in their boat and you are in yours.

3 years ago, I was in the "same" boat as many of you, and now I am in my space-shuttle exploring the planets.. while I still see a bunch of people still here when I still was in "that same boat".

A group of people you belong to i dangerous. It makes you complacent. It tells you it is OK you are not there yet because we are not there yet either.

You need to stop visiting the noobs groups and visit the Marketing group. Go the the advanced groups and learn how to take step 4, 5, and 6. You simply need to take step 1,2 and 3 NOW!

Step up, forget networking, forget people, lock yourself in your room and work on your strategy. Ask no one for help. If you do you will forever condition your brain that the second you are stuck you need someone else to step up for you. BELIEVE ME THIS IS A REAL THING!!

I know this is not written in a very kind way. You'll get used to me... or not. :)

OK so what will you do?

Will you step up? Then step the frog up!

Chris Jackson · Answer

I agree with @Mitch Messer . Networking is the way, even though it will feel difficult at first.

Mitch Messer · Answer

@Joshua Romero As a fellow introvert, I can honestly say that effective networking with other investors has been the single most important factor in my success!

Joshua Romero · Answer

@Mitch Messer Thank you for the advice. I will definitely look into attending some local real estate meetings. Being an introvert I really want to step out of my comfort zone, and start networking with other investors. I will work on my profile asap. Thanks again!!!

HOW TO APPROACH OTHER INVESTORS

Most Popular Reply