What do you look for when you first invest in your apprentice?

[Clayton Murray]

Good evening Bigger Pockets forum,

Earlier today I asked my mentor and friend a big question... I asked if he would invest with me. Permitting I find the right property and the numbers work out what I really asked is if he would invest into me. The last couple of years I’ve been blessed to get to know this gentleman as my mentor and friend, we have built a strong relationship and every few months we meet to have some lunch or take a walk at a nice park. We discuss all manner of things but I tell him what I know and he tells me what I think I know. Today I told him I felt ready, but my biggest road block is my initial down payment. Now I have no problem saving every dime I have for a few years for the down payment of my first investment home, being I am 20 I have plenty of time. Though I am hungry and eager to get started, I reached out for help and I received a yes! He looked me in the eyes and said “I’d be happy to” my heart skipped a beat and the sky became the limit.

With this being said, I am asking seasoned investors and new to give me a few tips. Other then the things I read in the many books, the things I hear in many podcasts and the revolving information online. I was hoping to hear what other investors, who have or are currently investing in there own apprentice’s on what they look for in a good deal. What key elements do you look for when your apprentice brings a property worth looking at to the table?

Today my world changed and the fire that burns has gotten much hotter, I feel honored and other then wanting to get started in my own future I want to do good by my mentors trust in me. So any tips or advice is greatly appreciated and I hope everyone on BP is having a good night.