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Updated almost 4 years ago on . Most recent reply

User Stats

14
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7
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Adrian Coleman
  • Rental Property Investor
  • Happy Valley, OR
7
Votes |
14
Posts

Finding the right PM or partner vs creating one

Adrian Coleman
  • Rental Property Investor
  • Happy Valley, OR
Posted

Hey Bigger Pockets fam,

I am a new investor just starting out and trying to network while also attempting to build my rockstar team.

I was wondering if it would be smart to take someone who is motivated and kind of train him into what I'm seeking in a PM when I get to that point?

A short back story:

My ex wife who is remarried has a husband who I think kind of lacks direction in his life.i talked to him about real estate a while ago and he seems to be interested but lacks more than a few fundamentals, mainly the knowledge and training.

I was hoping to invest in his area anyways.... Would it be smart to train him and have him educate his self on the subject?

Investing might be a bit much for him at the time but I think he could be (with a bit of work) a decent PM.

OR

would it be a waste of my time? Should I only seek rockstar when I myself haven't done a deal yet? Or should I invest time into setting him up to PM for me when I do strike a deal in his market?

Most Popular Reply

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28,186
Posts
41,284
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,284
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28,186
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

@Adrian Coleman your motivation is admirable, but I think you need a dose of realism. How will you train him when you have little/no experience yourself? You may be able to share book knowledge, but that is very different from real-world experience. 

I would not pour time and energy into someone of lesser quality, particularly when you are just starting out. You should be looking for a mentor that is light years ahead of you that can mentor you and accelerate your growth. When you are stable and successful, then you'll have something to share with others and help them grow.

I can find millions of people that claim they want to invest in real estate. The truth is, the overwhelming majority of them love the idea but will never put in the effort.

  • Nathan Gesner
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The DIY Landlord Book
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