All Forum Posts by: Sarah Wade

Sarah Wade I would suggest consuming podcast for at most 6 months and see where you get. I don’t suggest paying for any sfh mentorship but other bigger stuff i would. That’s what I did.

Let me know if you need any input. You question is really personal to your situation.

Find a deal and get a mentor to show you how to put it together. Any reasonable mentor will help you learn in the process and should compensate you to a reasonable degree. I personally don't split deals 50/50 with beginners if they don't bring money to the table.

@Sarah Wade That's dependent on what market you plan on operating in. Mobile home park valuations have been shooting up as everyone is trying to move into that market as well. Generally, the real estate market is hot. Hence, finding deals is a major pain even for experienced investors. 

Wholesaling, brokering or any similar activity = job

Investing is different than a job. 

Maybe you can utilize your professional background in another way? I know @Caleb Heimsoth is an engineer, I'm in finance... We have both utilized our backgrounds/capital in a way that is favorable to us while continuing our learning process.

You have access to a whole bunch of mentors right here. Many people here are extremely knowledgeable and more importantly, generous with sharing that knowledge.

Read up, maybe find an REI group in your area. If you're just starting, you will need every penny you can scrape up. Learn what you can from the amazing resource that BP is. Most mentors are usually not worth it. Either they're trying to suck you in to pay more and more for their knowledge, or else they weren't that good in the first place. If the mentor was really that good, he'd probably be spending his time making more deals for his money, rather than trying to make ends meet by mentoring.

Sarah Wade well what strategy do you want to do? Typically spending a lot of money on a mentor is a bad idea.

If it needs lots of work is $20k accurate? This seems tight if you are flipping it. Not sure there is room to wholesale it.