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Updated over 6 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Shirley Frias
  • Chesapeake, VA
2
Votes |
8
Posts

What would you do with 30K?

Shirley Frias
  • Chesapeake, VA
Posted
Hello Everyone! This might sound like a no brainer to most of you but I want to hear your thoughts about this situation.. If you are only starting out in REI (no experience and don’t know anyone personally who could help you) and you have 30-50k, would you spend that on a mentor that will guide you step by step on buying properties (almost guaranteed you’d find a great deal fast!) or would you spend that straight on buying deals all on your own (which could probably turn out as a bad deal?) Will appreciate your thoughts!

Most Popular Reply

Account Closed
  • Rental Property Investor
  • Torrance, CA
1,208
Votes |
724
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Account Closed
  • Rental Property Investor
  • Torrance, CA
Replied

If by mentor you mean a guru that is selling a program I say absolutely don’t do that. If by mentor you mean a friend or family member that has been successful then ok. Everything the gurus will teach you can be found in books, online, and right here on BiggerPockets. This isn’t rocket science you don’t need to pay $50,000 for someone’s “secret method.”

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