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Updated over 8 years ago on . Most recent reply

User Stats

56
Posts
18
Votes
Sam Epperson
  • Real Estate Agent
  • Bloomington, IN
18
Votes |
56
Posts

[Question] Newbie Investor from Bloomington, IN

Sam Epperson
  • Real Estate Agent
  • Bloomington, IN
Posted

Hi! My name is Sam Epperson. I'm a VERY new beginner to investing. Originally from Indianapolis, IN, I currently reside in Bloomington, IN. I'm full time managing a starbucks, with 5 prior years experience managing various restaurants. 

My real estate interests are in wholesaling initially, with future plans to own rentals of various kinds.

QUESTION:

I want to learn hands-on, and face-to-face, with experienced investors who are already doing what I'm doing. Is it out of place to try to network with/ask investors if I can be involved with each step of the wholesaling process ? Ideally, I'd like to talk with someone experienced, maybe go drive for dollars or scour Craigslist, find them a few properties, and give them that information. From there, I'd like to see how they contact the seller, who they use as attorneys (if at all), which lenders (if any), what the actual document and paperwork situation looks like, how they get their buyers (if wholesaling), how that paperwork situation looks like, etc etc. 

Is it wrong to ask if I can be a part of that whole process with another investor as long as they're not paying me? In the future, of course, I'll be networking with them because they'll be a valuable part of the whole business. 

Do people do this? Take on "interns" if you will?

Most Popular Reply

User Stats

23
Posts
9
Votes
Marc Kelwaski
  • Bloomington, IN
9
Votes |
23
Posts
Marc Kelwaski
  • Bloomington, IN
Replied

Sam,

Welcome to BP, and welcome to Bloomington. Not sure there is an official intern portion in real estate, but I'd say we are all interns trying to learn from each other. The more you can network and submerse yourself into the environment the better. For a newbie to Bloomington I'd recommend attending our small monthly real estate group. We typically meet at 7pm on the 3rd Monday of each Month. September we will be meeting at the Monroe County Library in one of the meeting rooms.

Hope to see you there!!

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