All Forum Posts by: Aaron Hunt

Now, that's a good post. Invest in college or mentorship. I've done both and I would tell you the speed in which the return on mentorship paid off was substantially greater than college. Most go to college and don't even secure jobs in their respective fields. OR, the go to school for 4 years to get a degree in a language......that they speak.....(no offense to anyone with language degrees). But if your intent is to scale a business, become financially free or independently wealthy I don't believe college is the right choice.

College, as long as you're not doing a BS major.

Majority won't cut it in RE investing even with "mentorship". They will have a very tough time getting past the stage of drumming up significant capital.

0 Votes

Originally posted by @Jeff C.:

Originally posted by @Joe Villeneuve:

Originally posted by @Jeff C.:

It's difficult for me to imagine a real estate investor who is truly successful to the extent that they should be teaching classes on the subject ever being interested in doing so. It would take a heck of a lot of time and instruction to even begin scratching the surface of what it would take to make someone self sufficient in identifying and carrying out deals. That's time that this smashingly successful investor mentor could be putting into doing the deals they're so great at.. meaning that education would have to be astronomically expensive if taken in a large enough dose to do any good, and from someone truly qualified to administer it. I know you certainly couldn't get me interested in mentoring someone for $10k. I'm not sure $100k would even get me excited. To make a true difference this is a process that could take a year or two or three. Nothing spewed at you over the course of a three day seminar is going to appreciably improve your real estate investing acumen so your money is probably better spent getting yourself into a deal. As Warren Buffett himself once said, "There are certain things that cannot be adequately explained to a virgin either by words or pictures." Simply talking about deals forever won't get you paid.. unless you're a seminar giving guru. ; )

First, we are not describing Seminars as the same thing as Mentors. Do you know the difference?

You are assuming a mentor just stands up one day and says, "I'm going to charge for what I know...and stop REI". It doesn't work like that.

For me, I was continually asked "how I do things", but I was asked (and to this day still asked) in pieces...as in specifics, to which I would answer...but with long background to the answer as well, so that the person I was talking to understood the answer. The trouble was, I could never give them the complete answer (at least in my mind), without going much deeper into all the connections, causes, effects, and options as well. This involved a lot of time...and a lot of information. Way too much to understand in one conversation.

My conclusion was to do it, for those that were serious, in a much longer and organized fashion where I could provide everything from the knowledge of what/how/why/where/when and be available to answer questions along the way...and beyond. This takes a lot of time, but it is well worth it when you see their success.

Why do I/we charge for this? Our time, and their's, is very valuable (you can never get it back). I charge as a way of making sure my students are serious. If they are not interested in paying for it, I'm not going to waste either of our time. I assure you though, most Mentors like me that follow this method, give more than they are paid for...and enjoy it.

They also still invest. They teach what they do, and do what they teach. They don't make a living off of mentoring, they make it off of REI. Which is one reason why they are worth the money they ask for.

Plenty of "mentors" do seminars. A seminar is an event. A mentor is a person. Do you know the difference? The seminar is where one usually gets sold on the very expensive mentorship program. I'm not saying this is how you operate.. not at all, but to say that this isn't going on en masse is to just be intentionally obtuse. To say that most of these guys make their money from REI and not education is also inaccurate. Anyway yes I understand why one would have to charge for education, in fact I said that an education that would actually do any good would be so expensive as to be astronomical because of the amount of time that a skilled active investor would have to divert from their trade in order to do it. As an aside, I have seen you posting on a number of these threads regarding education.. but I've missed the ones where you're talking about the deals you've got going on.

That last sentence made me, lol. Funny cause its true. Talk about a much overdue call-out. You have to pay to get that info, duh.

1 Vote

Originally posted by @Joe Villeneuve:

Originally posted by @Aaron Hunt:

@Twana Rasoul

“A FOOL AND HIS MONEY ARE SOON PARTED” was created by BP talking about mentors robbing newbie investors.

Can’t help but up vote this. You don’t need mentors...and for sure as hell not paid mentors. That’s as bogus as college to me (and I have a doctorate).

You need the ability to read, think critically, run basic math, and have logical reasoning all at a high school level in order to get into this game and to stay in.

I not only have coached others for free (those friends and family I personally know and won’t ruin my reputation) I have given them my ENTIRE system on a silver platter aka access to my agent, lender, plumber, electrician, flooring company, handyman, and even set them up with my very selective property management company. I have no problem sharing the wealth. Plenty of it to go around.

This is unless you’re trying to learn about a niche market. Most mentors won’t show you sh*t. They act like what they’re doing is a rare secret, and that it’s hard to crack or do. Bogus.

Quit wasting your money. Everyone out here on BP striving for $100/door/month...and we’re giving mentors and gurus multiples of thousands just to learn whats freely available on BP if you just spend time some searching and trying to understand.

"Everyone out here on BP is striving for $100/door/month..."

Not everyone. I wouldn't get out of bed for less than $400/month...and I get it too. Want to know how I am able to do this? Guess?

You're right when you say it's easy to figure out how to do something...anything, really, just using the WWW for free. Trouble is, I like many others, aren't satisfied with just learning how to do something.

Yeah, not interested in taking said course on, “The Art of Selling One’s Soul”.

1 Vote

@Twana Rasoul

“A FOOL AND HIS MONEY ARE SOON PARTED” was created by BP talking about mentors robbing newbie investors.

Can’t help but up vote this. You don’t need mentors...and for sure as hell not paid mentors. That’s as bogus as college to me (and I have a doctorate).

You need the ability to read, think critically, run basic math, and have logical reasoning all at a high school level in order to get into this game and to stay in.

This is unless you’re trying to learn about a niche market. Most mentors won’t show you sh*t. They act like what they’re doing is a rare secret, and that it’s hard to crack or do. Bogus.

5 Votes

@Ed Moran

I’m in the same boat. I have to max out mine and my wifes, or we get rocked on taxes. It’s as good as losing 8% gross income for us.

0 Votes

Why not just keep quiet and keep collecting $100/day...on a property that’s technically not even yours. Stall the escrow.

If you try to start the eviction, you’re just gonna waste $500-1000 and they’ll hand over the keys or vacate and ghost you. That’ll piss them off, they’ll stop paying $100/day, stay there for the next month ($3000) until your eviction process and makes its rounds through our courts.

The judge will say you collected $100/day...which sounds more than fair. And tell you to stop whining.

The first property I bought, we moved in, but the prior owner had his crap and a broken motorcycle that he spent 3 consecutive nights fixing before driving off into the sunset. It was amicable but super weird as well.

The most recent property we bought for 20% under market value (what the owner paid), after it suddenly fell out of escrow, and the owners new build wasn’t ready. He still lives there, and actually Venmo’d me a month of rent, which is higher than his mortgage. You can only imaging how pissed off he must be with his builder!

1 Vote

Originally posted by @Keith Walton:

I'm new to this site and new to the idea of real estate investing. Last night I attended a free webinar through BP about earning X amount per month. The presenter went over three methods for earning money within the industry.

At the end of the hour and a half presentation, there was a message/question that applies directly to you and one you should be proud of achieving. That message/question was, "So...What's the key to success? ACTION!"

You are doing it, my friend! You have taken the biggest step toward your own financial freedom and that is by taking ACTION! You are three deals in and learning with every new experience you face. Right now you feel alone, but know that this is only temporary and is making you grow. When you make your next deal you will do what it takes to not feel like you do right now and you are becoming a better investor because of it.

I encourage you to enjoy your birthday by telling yourself you have become a man of ACTION which again, is the key to success. You are facing a speedbump that will only make you stronger as you continue to pursue a life as a Rental Property Investor.

Happy Birthday!!! And, Congratulations!!!

God damn! After reading this, I’m so pumped I don’t know whether to shotgun a beer and run a mile or join the army and shoot some bad guys. So boosted. Preach!

2 Votes

You collect $15/month up front for the lease itself and say you’re buying on their behalf. Done.

It’s what I have done on all my properties.

That’s of course, in addition to my $500k liability coverage per door, and multi-million $ umbrella policy on top of that. Suddenly slip and falls don’t seem quite as scary.

4 Votes

My PMs have a free initial tenant screener app for this very purpose. The full paid app is secondary.

Most applicants can’t even get past this part correctly.

They can’t fill out a simple form with easy answers, then chances are they can’t maintain my Class A investments to my standard or will have a real hard time understanding the lease process and/or how repairs work and/or how we auto draft from their checking accounts.

If they get past that part, and that’s usually only at most 2 applicants per week, we’ll entertain their full application and make sure they’re not either hiding that they are in fact broke or a criminal.

Has worked well. Rent them within 1 month vacancy tops. And the most we’ve screened is 6 applicants on any given property. Not a single late rent payment yet.

Also, again, I see a lot of broke mentality in here. I absolutely go by soft factors and my own agenda as well. If someone is either an aggressive douche, entitled, alcoholic, lawyer, in military (w/ possible deployment), odd jobber, uber pet lover, or we’re dealing with a sugar daddy/baby momma situation, I will think twice.

And by think twice I mean I will veto that app like Nadal’s forehand without hesitation. Is it questionable, absolutely. Do I give a sh*t. Nope.

1 Vote

How many BPers were able to make money moves in 2018, and stay itemized with the new tax laws and higher standard deductions going into effect?

What were your big moves of 2018 which made sure it would happen?

1 Vote

All Forum Posts by: Aaron Hunt

Aaron Hunt has started 10 posts and replied 645 times.

Post: If you are starting out, DO NOT pay for mentorship

Post: If you are starting out, DO NOT pay for mentorship

Post: If you are starting out, DO NOT pay for mentorship

Post: If you are starting out, DO NOT pay for mentorship

Post: 401K: Continue Contributions or Stop?

Post: Closed flip and seller still has not handed keys over ? HELP !!!

Post: Just started but ready to quit .... please talk me out of it

Post: What to do?? They won't get me copies of renter's insurance

Post: NEED HELP- How to Tell A TENANT he wasn’t selected for my RENTAL

Post: Are you #itemized in 2018?