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Updated over 10 years ago on . Most recent reply

Account Closed
  • Tucson, AZ
13
Votes |
64
Posts

Where would i go to find a mentor? Amazon was sold out

Account Closed
  • Tucson, AZ
Posted

I'm new in REI. I'm confident I'm knowledgeable about the subject. I have not pulled the trigger yet, purposely. In my opinion a Medical Dr. goes to school for a lot of years. They don't read 1 book on how to do surgery and say "I want to do surgery because i saw a show and that's what they were doing". No! They research extensively on the subject.(books) surround themselves with the industry(Med school) and ultimately learn from someone that knows more than them (Teacher/Mentor).

Anyways that's my opinion. My question is where can i find a mentor. I have read the books. I'm around builders and belong to the local REIA. But how can i find a mentor?

Most Popular Reply

User Stats

479
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165
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Ryan R.
  • Real Estate Investor
  • Central, TX
165
Votes |
479
Posts
Ryan R.
  • Real Estate Investor
  • Central, TX
Replied

In my opinion, the best mentor and mentee relationships are free, in that no money is exchanged. 

I would tell the prospective mentor that you respect and admire what they do and would like to learn from them. Ask them if they would be willing to mentor you. Ask if you can accompany them when they view properties, when they negotiate with contractors, when they negotiate with suppliers etc. 

So what value does the Mentor receive for this? First, they will feel good about helping a younger form of themself. Almost all people learn their trade/craft from another person, so they are just passing along what they learned. Second, you will learn to help them out by running errands (picking-up materials), supervising contractors working on properties, making the lunch run for the mentor etc. etc. etc.  

User Stats

479
Posts
165
Votes
Ryan R.
  • Real Estate Investor
  • Central, TX
165
Votes |
479
Posts
Ryan R.
  • Real Estate Investor
  • Central, TX
Replied

I would identify a few of these builders and investors whom you are familiar with and have an affinity for and then ask one of them if they would be interested in mentoring you. Pretty straightforward.

Also, the comparison between a surgeon and real estate investor is not a good one in my opinion. There are so many variables and market changes etc. in real estate that if you are pursuing some panacea in real estate proficiency, I doubt you will ever start investing. 

Account Closed
  • Tucson, AZ
13
Votes |
64
Posts
Account Closed
  • Tucson, AZ
Replied

@Ryan R. So what would you suggest? I know this question is silly but, Iv heard you have to pay money for mentors. I just cant see myself being mentored by someone for free. In my head why would they do that for free, how can I provide value to them? You know. I just don't quite understand the concept of mentors. I just know they are vital for success. 

So would i just straight up ask. "Hey do you want to be my mentor in real estate investing?" Would that be kosher? 

And about talking about the comparison I was kinda just talking about niche markets. You can definitely invest one you know the fundamentals. But me for example before i invest full time and dive into what I'm studying i have a lot more to learn. A LOT. I would hate to do something illegal, you know? But I totally get what your saying and i probably am guilty of a little wanting to learn more than i need. So thanks for that. I needed that push.

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User Stats

479
Posts
165
Votes
Ryan R.
  • Real Estate Investor
  • Central, TX
165
Votes |
479
Posts
Ryan R.
  • Real Estate Investor
  • Central, TX
Replied

In my opinion, the best mentor and mentee relationships are free, in that no money is exchanged. 

I would tell the prospective mentor that you respect and admire what they do and would like to learn from them. Ask them if they would be willing to mentor you. Ask if you can accompany them when they view properties, when they negotiate with contractors, when they negotiate with suppliers etc. 

So what value does the Mentor receive for this? First, they will feel good about helping a younger form of themself. Almost all people learn their trade/craft from another person, so they are just passing along what they learned. Second, you will learn to help them out by running errands (picking-up materials), supervising contractors working on properties, making the lunch run for the mentor etc. etc. etc.  

Account Closed
  • Tucson, AZ
13
Votes |
64
Posts
Account Closed
  • Tucson, AZ
Replied

Very helpful. Thank you @Ryan R. all this was insightful.