Mentors

[Raul Ocampo]

I'm a newbie and would like some advice. Are mentors worth investing in? Has anyone used one in South Florida? They all say they will take you under their wing, show you how its done, and fund or give proof of funds letter. The catch is the they ask for a lot of money up front. Funding or proof of funds is key. Any suggestions? ??

[David Dey]

Originally posted by @Raul Ocampo:

I'm a newbie and would like some advice. Are mentors worth investing in? Has anyone used one in South Florida? They all say they will take you under their wing, show you how its done, and fund or give proof of funds letter. The catch is the they ask for a lot of money up front. Funding or proof of funds is key. Any suggestions? ??

Raul

I have ranted on this issue on numerous occasions, so I'm not going into detail too deep except to say that this is an industry that really needs to go back to an apprentice/ tradesman scenario.  That being said, I am most definitely not talking about guru course sellers that take you on the rabbit hole of selling you a $99 mini course, then move you on to the $997 product, then invite you to a seminar where they pitch you with the 30-50k mentorship program. (Sounds familiar? It's called the funnel) 

This is not who i'm talking about, most "gurus" call center coaches that are actually not investors at all, but are regurgitating the course back to you along with some zig ziglar day planner directions for action and motivation.  (ok, maybe this is coming off a little too harsh, but I am trying to make a point here) 

There are some good ones out there, in fact, I heartily recommend @Brian Gibbons information and mentorship, as he is the real deal.  That being said, there is still no replacement for working under and shadowing a local SUCCESSFUL investor that is on the ground. 

Take a peek at the link below where I posted some actual advice on how you can find a local mentor and how to approach them.  I genuinely hope this helps.  

https://www.biggerpockets.com/forums/79/topics/273044-real-estate-investing-gone-bad-by-phil-pustejovsky