All Forum Posts by: Joseph Wise

To @Trent Chance's point lots of seasoned investors are always on the hunt for more deals and if you can provide some to them you'll have a very strong relationship with them. However, in my opinion, finding good deals is the hardest part of what we do and it can be intimidating bringing what you think is a good deal to a seasoned investor. 

I'd recommend trying to find a mentor at a local meetup. If they are at the meetup then they are looking for something, just ask them what that is and offer to provide that to them in exchange for some light coaching. Then follow up and actually do what you offered to do. Most investors are happy to coach newbies, its an odd industry specific thing that is hard to explain. The most important thing in real estate is to Follow up and follow through with what you say you're going to do. That, in my opinion, is the biggest thing that separates successful real estate professionals from the unsuccessful ones. Demonstrate that you do what you say you'll and you'll very quickly have a strong network that you can lean on when difficult situations come up. 

Also don't underestimate the power of building a good team (Agent, Lender, Attorney) they can be mentors as well as team members and they can introduce you to other real estate investors, meetup groups, or invite you to training's where you can network with other people interested in real estate.

Best of luck starting your real estate journey, it is a heck of a ride!

@Jonathan Bombaci

I appreciate your input.  I will immediately head to some meetups in my area.  Your point about "do what you say" is a strong one.  I see the how I can separate myself simply by being someone who stands by and does what they say.  I look forward to building my team and thanks again for your insight.

Welcome to BP.  I will send a link for this to my brother he still lived in the Northern Colorado area, I bet he would be interested.

That would be greatly appreciated. BTW, I have some interest in Kansas City investing. What are your takes on investing in SFR in your area? Are there any neighborhoods I should look at in particular? Cashflow is my goal. Thanks, All the best.

@Joseph Wise I’m interested

To be honest - your best bet is to just start it and invite people in! Maybe you can have some accomplished speaker every month to talk about a particular topic, or something like that. I think if you flesh out the concept a bit you'll get a ton of interest.

 Dion,

Some people here on BP are paid coaches and they will want you to pay them $10K to $20K so they will teach you how to buy apartment buildings, raise capital, etc. Even though that can be valuable so you don't reinvent the wheel, the problem is you will still need resources (like credit, net worth, access to private capital, professional management, etc) for you to be successful.

My advice is don't pay someone that amount (and based on your post, it does not sound like you have that money anyway).

Instead, seek out someone in your local market who is successful at what you want to do. Then treat them to lunch or coffee. Then offer to work for them for free.

There are 2 things real estate investors will always need - whether they are newbies or experienced:

1. They need more deals

and

2. They need more private capital to acquire deals

Figure out a way to help them do those 2 things and you will have an experienced investor show you how to succeed at this.