Bringing value to the table...

[Cody Steck]

I am a beginning investor looking to learn as much as possible. I have started attending my local REIA meetings and started meeting other investors. I want to learn as much as I can and learn to be an asset to other investors in order to build relationships, rapport, and my own network. One thing that has come to mind is bringing value to the table. 

When I think about bringing value to the table for potential partners, mentors, or networkers, I see three main things that are useful and people need/want. 

1. Money

2. Time

3. Ability

As I am just starting out, obviously money and ability are harder for me, but I do have lots of time.

Are there other things that you are always looking for in a new contact that you wish they had and could offer? I.e. property management experience, links to contractors, etc.

[Evan Manship]

@Cody Steck 

I too am a beginning real estate investor with only a few properties. I am lucky enough to work in commercial real estate so I have already met a good amount of mentors whom could provide insight through the process. Even if someone doesn't want to invest with you, learn from them, pick their mind, and don't make the same mistakes they did. It's amazing what a cup of coffee or a few beers will accomplish.

My mentor recommended that a successful partnership has three things: Time, Talent, and Treasury which echoes your points verbatim. Without someone with talent, someone with time to act, and someone with the funds to back the project - each one will fail. He also recommended that I pursue my broker's license on the side. Being a broker gives you access to a wide array of tools, provides more networking opportunities, and many see you as an "expert" in the field just by being licensed.

I am on pace to be licensed in January.