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Updated about 15 years ago on . Most recent reply

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195
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32
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Sage Jankowitz
  • Residential Real Estate Agent
  • Somerville, MA
32
Votes |
195
Posts

Experienced investors adding value to newbies

Sage Jankowitz
  • Residential Real Estate Agent
  • Somerville, MA
Posted

As investors continue along in their careers they begin to find ways to add value to other investors and make money in the process. Most of the more prominent investors at my local REIA give boot camps, offer ebooks, and mentoring programs where they get paid to teach newbies.

It just has me thinking what is their reason for going down this path. Is it about paying it forward to the next generation of investors? Is it simply another avenue to collect money for their business? Are they doing it to increase their network and have more passive leads come their way?

For some of the more experienced investors out there, which route have you gone with coaching, mentoring, offering classes, etc to newer investors and why? And if you don't participate in these sort of activities what's your reasoning?

Most Popular Reply

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624
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Peter Giardini
  • Rental Property Investor
  • Baltimore, MD
559
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624
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Peter Giardini
  • Rental Property Investor
  • Baltimore, MD
Replied

Regarding Chris's question...

This is going to sound really harsh... but it is a reality.

The other evening I was giving a free seminar and was getting into specifics regarding evaluating a deal. At the end of the discussion one of the participants asked... "aren't your afraid that if you give all of your secrets away, no one will need you as coach?"

My response was this... "regrettably I could spend 8 hours covering in great detail what an investor should be doing to succeed and less then 5% would actually go out and do it."

Now back to the question of "cannabalizing" my market. I just don't see it happening.

Lots of dreamers... very few doers!

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