Mentoring/beginner help

Bird Dogs, Wholesaling
21

Real Estate Seller,
I’ve watched you regurgitate the same tripe over and over for months about not buying books and courses and how everyone must use a mentor. Enough already.

You have no idea of each person’s situation, their desires, their resources, personality types, etc., etc.

What works for you may not be best for everyone else. Stop with the absolutes, life doesn’t work that way.

Of course some books and home study courses are crap. However, many books and home study courses are great. Some real estate events are crap and some are fantastic.

Of course you can buy houses with none of your own money. Of course you can buy real estate without a mentor. You can even have sellers pay you to buy their house, if you understand real estate investing and the value of your services.

Does having cash, good credit and a mentor help? Certainly. Is it required? No, it’s not.

And to head off your retort, yes, this website makes money partnering with people who sells books, courses, and events.

If money were the driving force behind this site, the forums would be seriously moderated to eliminate all the naysayers like you, that negatively affect sales. Money is not the #1 motivation for this site and the forums are for investors to share information.

Course sales is not why I’m biased. I’m biased because books, courses, and events got me out of the corporate life over a decade ago. Notice I didn’t say a “mentor” got me out. It was those “snake oil books and courses” as you like to say.

So, please STOP being so persistent in telling everyone they MUST use a mentor. Some of us prefer to do it on our own. Is that the BEST way? Probably not, but it is ONE way that can work.

Thanks.
Tim

22

Tim,

Your are right. Glad to see you are up early monitoring my posting.

23

I started out by reading real estate investing books at my local book store after watching an infomercial about buying real estate with no money down. I then realized that an “investor” is just an unlicensed real estate agent. Think about it, the goal is to find buyers and sellers and put them together to make money. So I got licensed and immediately afterwards, the market tanked and I was a fish in water cause most agents didn’t know what short sales were.

My take is that you shouldn’t pay for a mentor. If you do work with someone, do a split on the profit till you are comfortable enough to venture out on your own. I hire new agents to work under my license and I partner with people to bring me their deals and I see how to profit from them.

Like everything in life, it is not just knowledge that makes you successful, it is applied knowledge. The actual desire to do something every day to promote yourself and put in systems into play to generate you the buyer and seller leads you need to make it a profitable career.

24

A lot of investors will not take time to teach someone the ropes unless they have skin (cash) in the game. it look like having a real estate license is something of the pass unless you want to access the MLS which does not take a license to access.

25

If someone is taking time to teach you how to do a deal, then s/he is not a mentor, s/he is a teacher, and teachers get paid to teach.

If I do all the groundwork and educate myself, but I want the benefit of having a more experienced investor to answer my questions, give advice and maybe step in and help with something if I don’t know what to do, while I am the one doing all or most of the work and putting up my own money when needed, then I think a 50/50 split of the profit is more than fair.

26

Getting a license is not just to get access to the MLS. Getting a license means that I can legally buy and sell for other people without jumping through hoops. So if I find a seller, I can have them sign a listing agreement and shove the property onto the MLS (if I need to) in order to find a buyer. As an investor, I will have to tie up the property and find the buyer and sell my rights to the property. Being licensed is easier.