Why do investors choose to mentor newbies?

[Chris M.]

I hear a lot about newbies wanting to be mentored and I myself stumbled across an investor who is interested in mentoring me, but my question is why? Besides the goodness of their hearts, why do investors (who must be very very busy) decide to mentor newbies in REI? Is there something in it for them?

[Account Closed]

Chris,

Life is about giving. People feel good when they can afford to give. Some people are more than happy to give without expecting anything in return. I've been fortunate enough to be part of this giving and receiving cycle and understand how it feels. 

I've found a mentor on line during this down turn. Using what I learned from him, I made over $300k. Fortunately, I was able to return the favor when he needed it most. He was able to make a lot of money using my niche too.

A 30 year old kid found me on BP last summer and asked me to mentor him. I said sure. Coincidentally, he has the same last name. I always kid with my family that he's a brother from a different mother. He flipped 5 houses in the last year and cleared $350k. He now has 4 rental properties. On his last deal, he was able to get seller financing. I helped to walk him through the process and negotiation. 

Ironically, it doesn't have much to do with me. It has everything to do with him. This kid wants to be successful and here he is. Maybe he will share his success story here one of these day. My wife always ask me if this kid is real. A couple of months ago, he sent me a thank you letter and a $50 Starbucks gift card. I showed them to my wife. She smiled and said cool. 

My family is going up to Portland Oregon next month for a wedding. Guess what, this kid will drive from Washington to meet my family face to face. Finally, I will get a chance to meet my brother from a different mother and father. Now, I just have to make a trip to SoCal one of these days to meet my mentor and put a name to a face.  We all have achieved some success without paying any coach a nickel for mentoring. 

Remember that the top 10% of the people own 70% of the wealth. It's because the top 10% are willing to work for it. It's hard to make it to the top. Once you have made it, the view is in incredible. Are you willing to make the short term sacrifice for long term gain? Find someone local to shadow. Ned Carey is a successful investor from your neck of the woods. He's also on BP. Hit him up. 

Good luck Chris.