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Updated almost 12 years ago on . Most recent reply

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Natasha Hylton
  • Fontana, CA
1
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AT A STAND STILL....help

Natasha Hylton
  • Fontana, CA
Posted

I am new CA wholesaling and I have been researching for 3 weeks (reading, podcast, taking notes, etc) due lack of a REIA in So Cal. (los angeles too far as well as orange county) I would like to partner and do a profit sharing just to get my feet wet with another experienced wholesaler/investor because "hands on" is always the best experience. So recently i saw a sign near my freeway entrance that said "Real estate investor seeks student" and I called the number. The guy was telling me there a small group of investors, etc etc and seeking motivated people to join the team. I was highly interested till he said it'll cost $500. I said thank you , but ill pass
To make a long story short, people PLEASE be careful from those promising you the world without seeing "results"
The reason for my post is Iv'e been searching for a partner but having NO LUCK.
where else can i post besides craigslist to find a mentor if there's no REIA in your area?

I don't want to be like most people I've talked to before who said people jump into things and get into situations they can't get out of. I really am taking the time to dissect every angle of wholesaling although I will make mistakes because that's life but if you can learn from others mistakes, it cuts half the time right?

I even been dissecting how to appraise and estimate repairs to the "T" so I really want to partner with someone like minded as myself

Most Popular Reply

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
12,876
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Because, while they say they will do whatever, most seem to be from the "I want it now" generation with just "spoon feed me what I really need" and above all, make me rich without thinking too much.. :)

Everyone wants to take a shortcut, after all, the guy on TV said it was the easiest thing he ever did!

I admit, there really is easy money in RE, especially in notes, but it wasn't easy at all getting to the point that makes it so easy!

My remarks are not toward anyone here, but in general as to my impression of all the posts made by newbies, often it's due to not knowing what to ask or trying to drill through all the information.

I've mentioned to several old timers, I'm not replying as often to the newbie asking "where do I start" kinda questions because it's been written a thousand times on BP already, I know they know more about the internet than I do and how to use a search feature. So, I have to assume they'd rather ask than look anything up. :)

I remember being in the 5th grade asking my mom how to spell a word, she said go look it up! I didn't have Google then, I had to go through pages in the dictionary!

A good mentor isn't going to lead you through a deal by the hand, they will guide you and teach, partner, keeping you out of trouble.

Yes, there are many here who have made a business out of mentoring, especially some aspect of RE. It really plays on the "I want it now" bunch and I'm sure many get sucked in, for a small fee and/or promise of making money.

Nothing wrong with partnering up with a more knowledgable RE type, in that both have a vested interest to succeed. I also agree that people should find someone local to show them the ropes not some guy 4 states away regardless of what technology may provide, you can't go walk through a property together and smell the mold or feel the slope in a floor.

Sorry for the rant, but saying "I'm willing" and "showing you're willing" are two different things. :)

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