BiggerPockets

Originally posted by Kinan Humphrey

Why is it so hard to find a R/E mentor ? I am a hard working, educated individual looking to learn from a professional real estate investor w/ experience. I am not allergic to hard work, but a i am allergic to being broke.. :D

Please feel free to contact me..

Because a RE mentor is the worst idea Man could ever think of. Why not use that money for the initial downpayment of the house?

Originally posted by Nick Johnson

Originally posted by Franklin Lee

Originally posted by Kinan Humphrey

Why is it so hard to find a R/E mentor ? I am a hard working, educated individual looking to learn from a professional real estate investor w/ experience. I am not allergic to hard work, but a i am allergic to being broke.. :D

Please feel free to contact me..

Because a RE mentor is the worst idea Man could ever think of. Why not use that money for the initial downpayment of the house?

the idea is he wouldn't know if that house would be a good house to put money down on, and more specifically he said he's broke.

There is nothing more to real estate than what he would know. Real estate is the simplest investment opportunity in the world and you really shouldn't use a mentor to teach you these stuffs. It's not rocket science!

The 3% who succeed in real estate investing all have one thing in common.


They all have mentors. Having one is crucial for your success. I had mentors when I started in real estate and even after buying several properties, I continue to have mentors today. I need their guidance and inspiration like I need oxygen. The only time I won't need a mentor is when I am dead. Seriously!

Trace Trajano
blogspot: tracetrajano

Agree with the comment about real estate clubs. Go and meet people. Find people in your area that do this, and ask them. Be bold. You don't have to pay for this. If you let someone experienced know you are willing to work hard, you will find someone.

Originally posted by Trace Trajano

The 3% who succeed in real estate investing all have one thing in common.

They all have mentors

I'd sure like to see a reference for both parts of this quote. 3% of what group? Everyone who thinks about investing? Everyone who buys a property? Or what? Where does this 3% come from? What does success mean? Live on a tropical island surrounded by hot women or men? Sell one property for a profit?

They all have mentors? Where does that "fact" come from?

Sorry, but without a hard citation, that sure sounds made up. Not by you, Trace, but by somebody. And then passed around as fact.

Everyone has made valid points, but i also feel that some people are great starters and others need that little push or guidance to get them started.... I am a hands on learner and a mentor would help me out alot... Like i said before finding one is the hard part..

What i mean, when i say mentor is, someone to follow around, call when i need advice about a deal or partner with when needed. Someone to teach me the ins and outs of the business... Everyone learned from someone, sometime in there business life.

Your point is well taken.. I dont need motivation cause im here on bigger pockets networking and learning to master real estate investing.. But i do need guidance & information, we all need it sometime or another.. But i will use all the information i receive here and apply it towards my goals. :D

I think there is a somewhat misconceptions about mentors. Your probably not going to find a local investor who will just open up the whole playbook to you right away and be an official mentor.

However, I consider several people in my area who were mentors but they didn't know it. Its more about networking then a formal teacher - student relationship.

Hanging out at REIA meetings, and having lunches with the real investors in your area are informal ways of getting mentored by the experts in your area. If you hang around them long enough you should be able to learn what their doing and how they do it.

I found most of my concrete knowledge online and mixed it in with what I learned from those in my local market.

About motivation, well, I might be a jerk but I honestly believe that if someone cannot make a plan and take action on their own they will never succeed anyway, so I see mentors as valuable for information purposes only.

Exactly right! If you need to get your motivation from a mentor, a coach, a guru, or a rah-rah, sis boom bah seminar - you aren't going to make it and you might as well quit right now!

However, I consider several people in my area who were mentors but they didn't know it. Its more about networking then a formal teacher - student relationship.

Absolutely! What it's really about is simply MAKING FRIENDS with the successful investors in your area! Your new friends will be happy to help (mentor) you for free.

Mike

Originally posted by Trace Trajano

The 3% who succeed in real estate investing all have one thing in common.


They all have mentors. Having one is crucial for your success. I had mentors when I started in real estate and even after buying several properties, I continue to have mentors today. I need their guidance and inspiration like I need oxygen. The only time I won't need a mentor is when I am dead. Seriously!

Trace Trajano
blogspot: tracetrajano

Most successfull investors are not seminar junkies. That type of quote is what leads the lemmings to the looters :lol: