How did you find a mentor?

Question

Listening to the BP podcast I hear them and their guests talk about their mentor. I've never found one in the 9 years I've been living-in/renovating and selling houses. The local REI group is just ok, mostly small businesses that support investors.. Either way I'm ready for building long term wealth, specifically in multifamily. Just curious where anyone else found a solid mentor. I definitely want to scoop up as many doors as fast as possible with a heavy focus on scalability. This is happening with or without a mentor but I'm certain a mentor would help speed up the process.

Jason Shackleton · Answer

Hey @Mitch Larrivee Do you find your mentor or does your mentor find you? “When the student is ready the teacher will appear”I decided for myself the exact type of properties I wanted to invest in. Then I found someone in my local area doing it. Simple google search did the trick for me. He so happened to be an investor/agent. Usually they are someone on the exact same path as you just further down it, dropping bread crumbs along the way.

Good luck in your search

Joe Splitrock · Answer

@Mitch Larrivee some people pay for coaching as an alternative to having a mentor. The best mentor in my opinion is someone older with more experience who has a business that you aspire to have in your future. In other words, find someone with a larger multifamily portfolio. Call them up and explain you would like to learn from them. See if you can work for them or help their business in some way. In exchange you get to spend time learning from them.

Daniel J Cano · Answer

About a year ago, I decided to start wholesaling. Problem was, I had no REAL experience. When I got my first solid lead, I actually found a flipper here on BiggerPockets. I reached out to him, told him about the lead I got and I didn't know what to do next. He walked me through the process and he helped me wholesale the deal to him. Fast Forward a couple months and I wholesaled a couple more deals to him. But this time with a catch. I wanted him to mentor me, and teach me what he knew. We've been working together for a year now, I exclusively wholesale good deals to him, manage his projects; in return he mentors me and teaches me his business model, and of course compensates me for my efforts.

All that to say, I'd reach up the ladder, find a way to provide value to the person you reach out to, and cling on as best you can? Obviously the chemistry has to be there. If one doesn't work out, find another. I've come to learn my Mentor has about 4 mentors each for different fields of real estate.

I think there's a misconception that there is a mentor out there who knows everything we need to know to become successful, when in reality, I believe there are many mentors, each specializing in their own field who can teach us what they know as long as we provide value to them.

GL! Hope my post wasn't too long winded.

Samantha Lotti · Answer

@Mitch Larrivee great post. I've only done one flip, but my main goal is multi family buy n hold. So being inexperience,  I would love to find a mentor/coach that is willing to work with me being new, but I also have a lot of motivation and want to succeed amd learn. I would love to hear what you end up doing as far as getting a coach or a mentor or nothing at all. Great success to you!

Sandy Morales · Answer

I, too, am looking for a partner or mentor who is experienced, trustworthy and who knows how to look out for the both of us.  If it's a win-win situation, why not?  Just trying to search for that one person (or a team) who is in it to win it on both sides of the coin.

Jeffrey Donis · Answer

Hey Mitch,

Finding a mentor can be tricky. We found one that has helped us scale our multifamily business and I cannot stress how big of a role they played in helping us. Feel free to PM me and I can answer any questions you may have! Wish you the best.

Joe S. · Answer

At least for myself I found pieces of information and made connections with different people by being in the business or by going to events and training. There is also trainings that are primarily up sale events, but you will find people there that are more knowledgeable than you and some of them are quite friendly and get a kick out of feeling knowledgeable. There is paid training of course and be prepared for the possibility of having to go through more than one training to get value, but the value you get will offset what you paid typically if you are already hustling yourself. Keep in mind some people are offering coaching programs based upon their personal market and they don’t even take the time to acknowledge that not every market is the same. At the end of the day there’s no mentor they will make you successful without your own participation.

Howard Thomas · Answer

@Samantha Lotti I wouldn’t say I found a mentor but I started attending online rei groups… thanks to COVID

Michael Williams · Answer

@Mitch Larrivee One was a family friend and the other I met at my local real estate investor meeting. Having the knowledge is more valuable, a mentor can help you so much.

Howard Thomas · Answer

I used the meetup app and it has been great but there are a few rei that are starting to get back at it here in the San Bernardino county area here in California... Also I have found a real estate agent that happens to be an investor so that helped....I hope all this helps and good luck, im not to good at this online stuff but learning I guess lol...

How did you find a mentor?

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