Houston Rookie Investor - Mentor or No Mentor

[Steve Condrill]

Greetings - 

Last weekend I attended a three day webinar class with a Texas based REI group, to supplement all of the reading and podcasts. There was a lot of interesting/valuable content: the first day the husband of this husband and wife team went in depth about owner financing and wrap-around mortgages; the second day they covered every marketing strategy you could think of for finding distressed properties/deals. A little after noon Saturday is when the pitch came - it took an hour and a half to hear that the cost of an apprentice membership is $50,000. The next day I found out that the lowest tier membership is $20,000.

I passed, but decided that the most appealing part of any level of membership was the accountability/coaching, and working with someone experienced. The pricing given in the webinar was the high end for mentors, but I'm finding they typically go at least four figures.

 I'm starting to think my best option is to begin marketing, find a what looks like a good deal, and then pitch it in a place where mentors/investors frequent - and offer to split the deal.

I welcome and appreciate any thoughts and suggestions.

And, was BP Pro worth the investment?

Thank you!