All Forum Posts by: Brandon Rabe

All great responses and at the end of the day, does your mentor have what you want and is doing what you want to do?  There's always an exchange of energy and sometimes it's in the form of money or sometimes it's in the form of services. "Pay to play or seek to serve." I mentor others because I've built my portfolio and my unique capability is teaching others. I enjoy it and get fulfillment out of it. I also went the route of having a mentor while building my portfolio and still subscribe to personal coaching for other areas in my life. They are great ways to expedite one's journey.

 No matter who (or what) you choose, just be sure they have what you want and are doing what you want to do. Like someone else said, they can be virtual or local. The principles should carry over and that's really what matters. I'd argue that they don't need to be familiar with your specific market. That's because at the end of the day, it's going to be YOUR investment property, not theirs. A good mentor will challenge you so you know why you are (or are not) doing the deal. If the deal you want to do is so great, he/she shouldn't be able to talk you out of it. I do this with my mentees all the time.

 Those are great and if you had to rank them in terms of most important to least, what would that be? You may or may not find a market that hit all your criteria, but at least you'll identify a market to start with. If you're looking at Iowa, now you've got something to measure against.

@Jeffrey Bollo

What if you start with the end in mind? Financial freedom? What does that look like? What will achieving that allow you to do?

Then ask yourself if X (wholesaling, flipping, buy/hold, etc) will be the best way to get there. Either way you'll need to build capital, but how much time will you spend on a strategy that's not going to get you to your end goal?

@Armando Santana Rebollar quick tip about finding a mentor or program. Be sure that they have what you want and/or are doing what you want to do. They're promoting a skill, not a lifestyle.

 What are your strengths? What skillsets do you have that can be used in your real estate journey? Finding a partner can be challenging, but if you bring value to that partner, you can create a win/win for the both of you. It sounds like you're in a challenging position to start off with, and I've been in your shoes. In fact, I started with less than what you have. Just a matter of stepping into persistence, commitment, and getting uncomfortable. 

 How much would adding a 1/2 bath be? Would spending 5-10k add 5k-10 or more in value? If it'll be a rental, how long would it take for you to recoup that 5-10k and is it worth waiting for?

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• -how to research any market
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Brandon is an active out of state investor based in Honolulu, HI with a portfolio of single family properties in the Midwest. As a loving husband and present father, he balances mentoring aspiring investors, co-hosting REI meetups, and partakes in random acts of kindness in his local community.

As a former UPS delivery driver, he brings the qualities of persistence, commitment, integrity, and ownership to those who want to get started in real estate investing.

Through REI Charge, one of his goals is to create a community of bold, responsible, and honest investors and assist them in their creation of a passive income portfolio.

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 and I'm a mentor too! lol. These cities are all great suggestions, but it's important to know why YOU are investing in that particular city. Not because someone else said to. The market I invest in is considered a great/hot market to invest in as well, and people still get burned or don't make out. 

 Gotcha. Since you've got a 1.5-2 year runway, you've got time to build up to 2k/mo. Now, how involved do you want to be in that process? You could have 22 doors making 100/mo each but that would be quite the time commitment. Or you could relocate your funds from the index into a syndication of your choice. Or you could do a variation of both. And those aren't your only options. If you start with the end in mind, how you get there will reveal itself and it doesn't have to look a certain way.