Due Diligence...but not on propery

[JH Bridge]

BP nation,

We have all heard that finding a mentor is a very helpful, even crucial, step in RE investing. We also have heard that taking action is also crucial. I may have found an opportunity for both but have one looming question...How does one go about doing due diligence on a particular investor? We had met at a local Denver investor networking group, and seems to be an experienced investor willing to give up time to mentor a newcomer (no deals under my belt, yet). There has been no "gut" feelings, nor any acts that seem out of the ordinary. A simple google search has turned up nothing noteworthy (positive or negative). Still, I would like to do my due diligence and know that this person is truly someone willing to help a newbie along. Do you suggest asking for references? If so, how do you approach that without offending? Any suggestions are welcome, and truly appreciated. Thanks for your advice

[Sharad M.]

Hi @JH Bridge

1) Did you approach the investor or he offered his services?

2) I assume you will be paying for his time? If yes, do you mind sharing how much that is?

3) I would definitely ask for references. I don't think he should get offended if he is genuine.

4) You can ask to look at some of his current projects to see what he does and make sure his business strategy aligns with what you are looking to do.

Best wishes for your 1st deal