Ready to look for a mentor or keeping reading and wait

[Carlos Valdes]

Before I even start looking for a mentor, how much should I know?

When I first found out about wholesaling, I started reading as much as I could find. It turned out, it was mostly guru stuff. Obviously, it was going to be easy because I knew everything. Anything I didn't know would kind of just work itself out if the deal was good enough. I was all set to start off making 10K a month.

I sat up late for a week writing and mailing yellow letters, I cold called people, and then starting thinking of a good neighborhood to go door knocking. My hard work paid off and I actually got 2 leads. Then I realized, I didn't know anything. How would I accurately appraise it? What if my contract wasn't right? I wasn't worried about finding a buyer. I was worried, how would I get these under contract without screwing over the owner and myself?

Thankfully, I found the bigger pockets forum and podcast and realized, there's so much more to wholesaling. I started reading here and every question that got answered only created 3 more.

Honestly, I knew I was being sold a dream, and it had to be harder than the people I was reading made it sound. I was ready to put in the hard work and figure it out as I go along. I didn't realize, if not done right it could be legal and/or put the home owner in an even worse position.

Long story short, what level of knowledge is an experienced investor looking for when accepting an apprentice?