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Updated almost 4 years ago on . Most recent reply

User Stats

46
Posts
11
Votes
Farris Gosea
  • Rental Property Investor
11
Votes |
46
Posts

27 years old with 61 units. NEED ADVICE!

Farris Gosea
  • Rental Property Investor
Posted

Hi group, looking for some advice on this topic.

I am thinking about trialing a real estate mentorship program for people who want to get into real estate investing or maybe their first house hack. I’m currently 27 and own 61 rentals. This has more than “retired” me from clocking in for a 9-5 ever again. Personally I won’t stop working, I enjoy my business and real estate too much and will continue to add to the portfolio.My question for this group is, what do you think a fair price is for use of my time on the phone / email / in person if they are in the area / analyzing deals with them, helping them build a team, helping them with how to skip trace and cold call if they want to source a deal that way, write contracts and leases etc.

I would also come out and look at the first property they have under contract and help them through closing and for a few months after close on how to manage effectively, or help them vet management companies if they want to go that route. Plus just making sure all their systems are in place. 

What is a fair price if I were to offer this service? I have helped some friends, and a few of my friends friends want help, but as you can imagine I can’t keep helping everyone for free as it takes so much time.


Thanks for reading and your advice.

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