Well that was NO GOOD.

[Tyler Bond]

Hey guys,

I came across a RE investor here in my small city of 17,000 people. He appeared to be a wholesaler from his website. I goal is to become a wholesaler as well as rehab and ultimately own rental cash flow property. I was nervous to call and ask him if he would like to be my mentor and I would do some grunt work for him, find leads, whatever. Just to learn the ropes. So I was very hesitant to call him, but I did. Did not go so well.

He said with a non enthusiastic voice, "Well just do box elder county here because I dont travel out of town. I basically controll everything around here." I told him my goals. He then replied, "Its really hard now days, I mean I do pretty good but you might want to look in Ogden or Salt Lake" (Those are the neighboring cities.) I just said, "Okay, well, I need to figure out a plan because I am going to invest in real estate. Do you mind if I keep you in mind, just in case I need some help resolving an issue?" He said nope, that would be fine.

Here's my concern,
Everything he says hits me and says, "HEY TYLER! WHAT YOUR TRYING TO LEARN ISN'T GOING TO WORK OUT LIKE YOU THINK!!! WHAT NEXT!!" I'm trying to tell myself that this guy is selfish and doesn't want the competition. So he cuts my vision down to make me think its way harder than it really is. He told me with the bank issues lately, he has to hold a house for 3 months until he can flip it? I don't want to take this ONE mans word and determine whether I will quit or keep pushing. I need something else. Im going to go to a REIA this month down in Salt lake, 120 miles North of me to talk to some more investors. Get some more insight. Get a more positive vision. ( I HOPE, I REALLY DO.)

Do you guys have any feedback for me? This really just cut me down and messed up my vision. But then again, what if everything he said is bogus? Only one way to find the truth. Get more insight from other investors here locally.

Thanks everyone,
Tyler

[J Scott]

Without knowing the details, here is what I think you should take from the conversation:

- First, he likely views you as compeitition, and it's a lot easier to encourage the competition when there are plenty of deals to go around. These days, a lot of investors are finding it harder and harder to get deals, so he's probably be protective of his "turf" and maintain a competitive edge.

- That said, he's absolutely right that it's HARD and probably won't turn out the way you think. Not to say you can't/won't succeed, but I can promise you that when you're successful, what that success looks like is nothing like you currently imagine. And, to be honest, most people aren't successful in this business, so from a statistical standpoint, he's probably right that a random guy who contacted him won't get very far.

- But that doesn't mean YOU can't be successful. That's completely within your control. Most people have the ability to be successful in this business, IF they are willing to work really hard until it happens. Most people either aren't willing to work as hard as it takes are aren't willing to stick it out for as long as it takes. If you're willing to do both, there's a great chance you'll be successful, regardless of what anyone tells you.