wolfshac- i am in Baltimore
Paul Strauss gave a great answer. Be creative and adopt a mentor. It’s easy. Find the area of real estate that really interests you and check out so-called gurus or mentors who specialize in that area.
You can go to the site navigation on the left and find a lot of info, but the best way to learn is to go back on a thread in the area of your interest and read the exchanges. You will get a free education Good luck.
Da Wiz
Phatman5- I don’t know of a local (in your state) mentor but I do know of a nationwide group that provides education, properties, and cashflow and they have mentor calls twice a week.
mtnwizard–but free will only get you so far. The more eduation one has in this arena the more profitable they are more quickly. ![]()
You don’t need to know everything, just everything about your niche. It doesn’t take money – it takes research. There is nothing any of the gurus are peddling that is not out there. They just organize it for you and charge you an arm and a leg. Oh, and thanks for the tip about education.
Da Wiz, Ph.D.
So about the mentor thing… this is what I got back:
***********, LLC
Wholesaler Mentoring Agreement
I, _______________________, hereby agree to all of the following IN FULL:
I understand I shall receive FREE OF CHARGE guidance on all of the following topics:
- Marketing
- Lead Tracking
- Negotiations
- Deal Closing
I understand I shall have the right to use the Seller Information Sheet provided by ***********, LLC. I shall also have the right to use purchase contracts developed by ***********, LLC or a third party as circumstance may necessitate.
In exchange for all of the above, I hereby agree to a 50/50 profit sharing with ***********, LLC on any of the real estate transactions that I initiate or close on until each party should earn $50,000. After each party has earned $50,000, both parties shall be released from this contract. I understand that my entering into this agreement is premised upon honesty and trust – ************, LLC and ********* are providing information and time free of charge, and I hereby agree to honor this agreement by profit sharing each of my deals for the duration of the contract. This is a profit sharing agreement only and does not imply a partnership or a sharing of legal liability.
I hereby agree to devote AT LEAST _____________________ Dollars per month to growing MY business, and AT LEAST ______________ hours per week to growing MY business. I take full and complete responsibility for any and all failure and/or legal consequences, or my loss of time/money or my inability to succeed as a real estate investor. I understand that *********** LLC nor anyone else can guarantee my success, but that this is an agreement to work together.
WHOLESELLER NAME DATE