How does Bigger Pockets Help New Investors?

How does Bigger Pockets Help New Investors?

Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes

I've been a member of this site for some time now and for the life of me I have yet to see how Bigger Pockets help new investors get their first deal done. For the most part, what I see are people introducing themselves to the forums as new investors, asking for assistance, and searching for a mentor to help them gain knowledge with no success because no one, especially the seasoned investors who are commenting on the newbies post are offering any assistance other than "read through the site". It seems that the seasoned people are not compassionately concerned about the newbie's venture therefore, they don't care to offer any mentoring or walk through assistance.

With as many people here who post the "read the site" replies the only thing they are doing is mostly speaking a foreign language to an inexperienced, new investor because the information on the site is scattered and not in any order to get a new investor from A to Z without first confusing them.

Now don't get me wrong, I'm not trying to point anyone out or offend anyone. I'll even go as far as to say that respectfully, I like the site and I'm not bashing Bigger Pockets but if there are so many people here that's proclaiming to be in a position to readily assist a new investor then why are they hiding? It seems to me like they really don't want to help at all and by suggesting that a person read through the site alone is a way to indirectly brush them off. But why?

Didn't we all have to start somewhere with someone at some point to get to where we are today? I know it wasn't all done alone.

I believe that one hand should help the other and pay it forward to earn even a greater reward. Mentoring does not have to take all day and is as simple as taking about 10 to 15 minutes out of your busy schedule once or twice a week to help someone in need whos trying to better themselves no matter where you are. I know I would contently offer my assistance if God blessed me with the skills.

Say what you will but for someone who is new the information on this site can be very complicated to understand especially if the new person is someone who is wet behind the ears and searching for knowledge.

I've yet to see anyone on here who has the experience and ability to do so make a concious decision to help others or agree and express an interest in offering to assist someone else who does not know the industry well; even if the the person who offers the assistance specify to the new person any terms of agreement to take the newbie under his/her wings.

Although, I know that nothing in life is FREE and you have to put in an effort to succeed, I still don't know about the ones who claim to have a "best interest at heart" attitude but never step up to do a good deed and believe that they will be rewarded greatly for the deed.

So to make a long story short, my question is: How does being a member of Bigger Pockets help New Investors?

Dislaimer: This is just a curious post as it relates to paying what you have been blessed with forward to someone else who is following you mainly because they are interested in your journey to success. They want to learn from you and they look up to you and your success. Nothing personal.....

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Realtor · Houston, TX · Member since 2011 · 916 posts · 296 votes
15y

I have to disagree. BP has helped me alot. Some people post questions that have been answered in 100 other posts. Most of the time when that happenes, the commenters will post links. When I first joined, I seached through the forum topics to find answers to my questions. There are also blogs and articles to search through. I have even posted questions and many investors have commented and gave me insight. I thank BP because I feel that I am a better investor. If someone is mad because they have to do a little searching, than how can they expect to succeed in RE. The RE deals are not just handed to you; work is involved.

See this reply in the discussion

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  • Realtor · Houston, TX · Member since 2011 · 916 posts · 296 votes
    15y

    I have to disagree. BP has helped me alot. Some people post questions that have been answered in 100 other posts. Most of the time when that happenes, the commenters will post links. When I first joined, I seached through the forum topics to find answers to my questions. There are also blogs and articles to search through. I have even posted questions and many investors have commented and gave me insight. I thank BP because I feel that I am a better investor. If someone is mad because they have to do a little searching, than how can they expect to succeed in RE. The RE deals are not just handed to you; work is involved.

  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    15y

    Tershant, I will be happy to give you my feedback. No one here has an obligation to physically do deals with anyone. They say read the forums b/c thats where there is a lot of free info. Also, some people actually provide coaching or consulting but you here people bash them as calling them guru's. You might have to spend some dollars on your RE education?!!

    This site is used as a networking tool, a place for new and seasoned investors to meet and share ideas and experiences. To expect anyone to have to help you do a deal from BP is insane. For anyone to have access to so much FREE info from experienced investors, you cant put a price on this type of material.

    Start going to your local REIA.

    I will be the first to tell you I enjoy helping new investors with questions and suggestions as I do believe in giving back. I give my time on this site free of charge like all others do but aside from this site, my time is very valuable and I charge for it.

    You say you have been a member for some time now but you only have like 3 posts. You need to change your mindset completely before you will experience any success. Rather then look for a hand out you need to go make it happen. Good luck.

    Curt Davis - KAIZEN Realty538 Reviews
  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y

    Thanks to the people who have commented so far. Again, I truly don't believe that anyone here is looking for a hand out of any kind and I do understand that no one is obligated to assist anyone but we are a community and as a community we shouldn't just give a person a comment and expect them to completely understand, especially if they are new. Some people work better with hands on and that does not mean that they won't or haven't taken the time to reasearch the site for a better understanding. Maybe they have and due to the lack of understanding they don't want to make themselves continue to look like they're not catching on.

    As stated in my post, there is nothing wrong with offering your service with terms on the agreement but at least let the new ones know that you don't mind offering the service even if you are getting paid for it. It helps.....and it gives a newbie extra confidence to go out in the real estate world and complete a deal when they know that they can have one person who genuinely (even if it's a paid service) does not mind helping them understand. That's all I'm saying.....

  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y

    @ shanequa ...... not one time was there a mention of anyone being mad becuase they have to do a little or a lot of searching and I do believe that in my post I put that nothing is FREE and that a person does have to put in an effort to succeed. I really don't know what of that you missed.

    The post is not about a handout it's about one on one support to the people who needs more than just reading through the site. No one wants to look like an idiot and the real estate world is not about faking it until you make it either. So it helps to have someone sometimes even with the links and other forums.

    I think you completely misunderstood or misread the post as you have added to and that was not the goal.

    Wishing you much success.....

  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    15y

    Tershant,

    Keep in mind only so much could be done via emails and phone calls and especially blogs. Use this site as a guide and follow so of the tips is what its about. You will really need to seek physical assistance from someone in your local area and use their experience as another teaching tool. I wish I had more people like you in my area to coach and mentor. I attend my local REIA and I have offered up many times to new people free consultations with no obligations and guess how many people have taken me up on it? ZERO!! Either they are scared, nervous or too busy or I am that ugly, not sure which one it is :)

    Curt Davis - KAIZEN Realty538 Reviews
  • Residential Real Estate Broker · Payson, AZ · Member since 2009 · 3k+ posts · 1k+ votes
    15y

    I haven't read the previous comments but I will tell you that a lot of relationships happen behind the scenes.

    When I conversate with people, its not on the public forum for the entire membership to read.

    I will direct you to this article though, hopefully it will change your mind about BP and its abilities:

    http://www.biggerpockets.com/renewsblog/2011/01/11/justin-schnettler-biggerpockets-interview/

  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y
    Originally posted by Curt Davis:
    Tershant, I will be happy to give you my feedback. No one here has an obligation to physically do deals with anyone. They say read the forums b/c thats where there is a lot of free info. Also, some people actually provide coaching or consulting but you here people bash them as calling them guru's. You might have to spend some dollars on your RE education?!!

    This site is used as a networking tool, a place for new and seasoned investors to meet and share ideas and experiences. To expect anyone to have to help you do a deal from BP is insane. For anyone to have access to so much FREE info from experienced investors, you cant put a price on this type of material.

    Start going to your local REIA.

    I will be the first to tell you I enjoy helping new investors with questions and suggestions as I do believe in giving back. I give my time on this site free of charge like all others do but aside from this site, my time is very valuable and I charge for it.

    You say you have been a member for some time now but you only have like 3 posts. You need to change your mindset completely before you will experience any success. Rather then look for a hand out you need to go make it happen. Good luck.

    Thank you Curt for your feedback. I look forward to networking with you.

  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y

    Wish I was in Tennessee Curt ...... I'd most definitely take you up on your offer and work my tale off to make it worth your time too.

    Great experiences are not to be taken for granted but to be well appreciated.

  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y
    Originally posted by Nick J.:
    I haven't read the previous comments but I will tell you that a lot of relationships happen behind the scenes.

    When I conversate with people, its not on the public forum for the entire membership to read.

    I will direct you to this article though, hopefully it will change your mind about BP and its abilities:

    http://www.biggerpockets.com/renewsblog/2011/01/11/justin-schnettler-biggerpockets-interview/

    Nick.....there is truly no problem with Bigger Pockets. It's just that no one wants to look like an idiot and most of the time when there is a new person who has been a member for a long time and not posted or commented it's because they don't understand and they don't want others to assume that they are unable to comprehend when all it may take is some one on one interaction. In some areas there are no near by real estate groups and that can be a detriment to a new investor .... so they reach out where they can to get the needed assistance. That's only my belief though.

  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    15y

    Tershant -
    Thank you for your thoughts; you're expressing what many people likely privately say to themselves and then quit our site. Those same people also usually end up leaving the real estate business soon afterwards. I'm not saying that leaving our site is always a precursor for failure in real estate, but I believe that there are reasons that we see this.

    Those people who typically claim that this site hasn't had any value for them or their career are also the same people who put up a profile, sit back, and wait for business to come to them. I'm not implying that is the case for you, but I see that you've got 2 colleagues (myself included) and you're following 3 people. I also see that prior to this post, you had 2 posts on our forums - in both, people offered you very good, thorough, and valuable insight into your questions.

    A site like ours can be extremely helpful to those people who take the time to read through our forums, member blogs, articles, and our BiggerPockets blog. It is many times more valuable when those people step out from the shadows and get active. Essentially, there is a need to take action, and the people who don't take the time to do so here, usually also don't take the time to do so offsite.

    Ask questions, join conversations, and participate. By doing so, people will get to know you and you will get help and direction in how to get your career going.

    The networking here is priceless. Be sure to watch the interview that Nick pointed you to, check out our success stories forum, and take to heart the stories of how others have used BP to their benefit. Don't stop there, but connect with people in real life, on the phone, or on Skype as well.

    I wish you luck and hope that you will explore the possibilities that exist here. I realize it can be frustrating when you're new, but be patient, put in some effort, and you'll reap the rewards.

    One last thing -- there are stupid questions . . . in every interview I've done, the interviewee has admitted to making numerous mistakes. Asking the "stupid" questions will help you and others to hopefully avoid what many of us have already gone through.

  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y
    Originally posted by Joshua Dorkin:
    Tershant -
    Thank you for your thoughts; you're expressing what many people likely privately say to themselves and then quit our site. Those same people also usually end up leaving the real estate business soon afterwards. I'm not saying that leaving our site is always a precursor for failure in real estate, but I believe that there are reasons that we see this.

    Those people who typically claim that this site hasn't had any value for them or their career are also the same people who put up a profile, sit back, and wait for business to come to them. I'm not implying that is the case for you, but I see that you've got 2 colleagues (myself included) and you're following 3 people. I also see that prior to this post, you had 2 posts on our forums - in both, people offered you very good, thorough, and valuable insight into your questions.

    A site like ours can be extremely helpful to those people who take the time to read through our forums, member blogs, articles, and our BiggerPockets blog. It is many times more valuable when those people step out from the shadows and get active. Essentially, there is a need to take action, and the people who don't take the time to do so here, usually also don't take the time to do so offsite.

    Ask questions, join conversations, and participate. By doing so, people will get to know you and you will get help and direction in how to get your career going.

    The networking here is priceless. Be sure to watch the interview that Nick pointed you to, check out our success stories forum, and take to heart the stories of how others have used BP to their benefit. Don't stop there, but connect with people in real life, on the phone, or on Skype as well.

    I wish you luck and hope that you will explore the possibilities that exist here. I realize it can be frustrating when you're new, but be patient, put in some effort, and you'll reap the rewards.

    One last thing -- there are stupid questions . . . in every interview I've done, the interviewee has admitted to making numerous mistakes. Asking the "stupid" questions will help you and others to hopefully avoid what many of us have already gone through.

    Thank you Joshua .....although I've been a member since 2010. Trust me, no comment or no post from me only means that I don't want to come across as an idiot because the learning process alone is very challenging. I've also requested to be a colleagues and not been accepted by many. I don't know why but maybe they only want seasoned people to be their direct colleague. So I'm not purposely missing steps here or looking for a quick route. I am actively seeking the community that says that they are here for the people, hoping that someone will have a genuine interest in helping (even if it's paid help) people who wants to seriously understand. You have given some very good information. Thank you.....

  • Investor · Fort Worth, TX · Member since 2011 · 23 posts · 8 votes
    15y
    Originally posted by Tershant Rhodes:

    So to make a long story short, my question is: How does being a member of Bigger Pockets help New Investors?

    I just joined and I have found BP to be an invaluable resource. There are discussions about things I have never even thought about. It helps new investors recognize what they are getting into with open eyes.

    New and seasoned investors post deals they are considering with numbers and the experts respond with their thoughts, FREE! If you have a question about what to do about a problem tenet you post the problem and the experts respond, FREE! Detailed outline of the 50% rule, how to know the differences between good deals and bad, references to software to use, check lists, common land lord mistakes, what books to read, etc etc. This site is my mentor right now. And I am thankful.

    Anyway that is how this site has helped me. Good luck!

  • Real Estate Investor · CA · Member since 2009 · 174 posts · 39 votes
    15y

    Hello TR
    I remember when I first started how confusing and frustrating it was to learn and understand how to speak the language. Convince your self that you have to tough it out and when you can’t get it here try Googling the confusing term. You know the old saying,” If it was that easy, everyone would do it.” One of your rewards is less competition!

    Don’t quit now! Don’t try to learn it all at once. Pick a nitch that interest you and study every thing you can find about it here. When you post a question here-say that you are a newbie and hopefully people who answer you will understand and dump their “techie talk.” This business does require a tough hide.
    YOU CAN DO IT!!!!!!!!!!!!!!

  • Commercial Real Estate Lender / Syndicator · Dallas, TX · Member since 2011 · 888 posts · 309 votes
    15y

    @ Tershant - Forgive me if this has been asked/answered as I only scanned the posts. I can see that you might be frustrated. If you wouldn't mind, please answer these questions for us. BTW, if you don't feel comfortable answering the questions, at least tell us what actions you plan to take.

    Have you read any beginner books? What action did you take as a result? What was the outcome?

    Have you reached out to active investors at your local REIA meetings? Did you call/meet with them outside the meetings? What happened as a result?

    Have you attempted to contact people on this board that are in your local area? If so, how / what happened (no names please)?

  • Flipper · Phoenix, AZ · Member since 2009 · 973 posts · 679 votes
    15y
    Originally posted by Tershant Rhodes:
    I've also requested to be a colleagues and not been accepted by many. I don't know why but maybe they only want seasoned people to be their direct colleague.

    Other people have said pretty much everything I would say, but I would like to respond to the above quote. I generally ignore requests from members who have very low post counts AND who don't introduce themselves during the request. The reason for this is to limit the amount of junk I receive. I do not think I have ever denied anyone who introduced themselves. Of course, this is just me, but I think introductions are very important when requesting colleague status. If you already do this, I would just have to say you are asking the wrong people. Or maybe people who get too many requests to respond to them all.

    The amount of knowledge in these forums is unreal. Given some effort and networking you can easily achieve anything you want to achieve. If you are confused by something, ask a question! You cannot learn this business if you're afraid of making mistakes or asking questions.

    I've actually found it's still easier to "play dumb" at times when dealing with people. Done right, it can give people the impression they are more important than they really are, and they will give you more help than they otherwise would. :mrgreen:

  • Real Estate Investor · Surprise, AZ · Member since 2011 · 51 posts · 2 votes
    15y

    Ga has a REIA so my first suggestion would be to join.Secondly,I would reintroduce yourself to the site.Although,I've yet to do my first deal.The few connections that I've made are helping me to get the ball rolling!

  • Lexington, KY · Member since 2009 · 2k+ posts · 1k+ votes
    15y

    I can safely say the BP helped me get rolling much sooner than I would have if I had not used it as a source of education. I believe I would have completed my first deal, but it would have been much later, and I would not be anywhere near the level where I am out. I see a lot of new members post, many asking for help, but they fail to ask for anything anyone can provide. Many ask for deal analysis, yet they fail to post anywhere near enough information for anyone to accurately analyze anything. I have seen many others ask for monetary investments, which I find incredible since no with any common sense would want to invest their hard earned money in someone who has no experience in real estate investment.

    Some other things I have seen from new members:
    1) Asking questions that have been asked at least 100 other times
    2) Asking for mentorship in the forums but stopping there. You have to be aggressive if you are serious. Find out who from BP is in your local area and ask if you can call them to talk about the real estate market and investing strategies. This will likely lead to a relationship and some real world mentorship. Note: I am in no way trying to speak poorly about new investors, as I still consider myself a new investor.

    I am one of the members who will often post links to answer questions someone has asked, and I do this because the answer is already here, and said much better than I could have. Why continue to beat a dead horse?

    BP is like any other networking tool...you get out of it what you put in. If you take time to educate yourself, network with other investors, and try to post intelligently, you will see the benefits. BP has been the single most effective internet tool I have come across, but like any tool, you need to know how to use it correctly.

    I do not accept all colleague requests, because I feel BP should not become a popularity contest. I accept requests from people who I have seen post valuable information, people I have spoke with over the phone, and people I would like to work with at some time. I remember when I became an member on BP many people were not accepting my colleague requests. However, once I started getting deals going and posting more frequently on BP, that quickly changed.

    I hope this post gives you a little insight into how BP helped me, how it has helped many others, and how you can use it a little more effectively. The members here are very compassionate, even if they may not seem like it sometimes.

  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y
    Originally posted by Carlos Flores:
    @ Tershant - Forgive me if this has been asked/answered as I only scanned the posts. I can see that you might be frustrated. If you wouldn't mind, please answer these questions for us. BTW, if you don't feel comfortable answering the questions, at least tell us what actions you plan to take.

    Have you read any beginner books? What action did you take as a result? What was the outcome?

    Have you reached out to active investors at your local REIA meetings? Did you call/meet with them outside the meetings? What happened as a result?

    Have you attempted to contact people on this board that are in your local area? If so, how / what happened (no names please)?

    @ Carlos ..... Yes, I've been reading many beginner books on wholesaling, Sub 2, and Lease Purchasing. I've ordered a lot of course material, and read as many blogs as I can understand in an continued effort to learn the business. Ny actions are those that follows the instructions in every book, off every blog, and out of all the course material that I have invested in with no success. I've called on newpaper ads, and FSBO signage also just to name a few with no success. I've been browsing through Bigger Pockets and still is left with a state of confusion.

    Alot of the language is foreign, I try to, make sense of the numbers, and there is not a forum here that is simply and plain enough to teach a person how to go about doing a deal from A to Z. There's information here but majority of the time it's missing something like for example ... (what type document should be used or what should be said in an attempt to secure a property from a seller and vice versa for selling a property).

    I've talked to sellers and even after following what's posted here and what I've learned over time, I've had no success and that is more than likely due to the fact that I'm saying the wrong things and just not armed with the right tools at the moment. That's why I poersonally and reaching out for an experienced one on one opportunity.

    Yes, it's frustrating but I haven't given up and don't plan to because I really like the challenge. But that still does not forgive the fact that I admit to my short comings and am looking for a way to make them better. One young man commented and said that "new people ask for an analysis and don't give enough information for the forum to analyze" ...... maybe he just hasn't stop to think that maybe the new person just don't completely understand what it takes to give a complete analysis. See a lack of understanding is a major obstacle that stand in a persons way to accomplish anything.

    As far as reaching out to local investors in my area. This is an excerpt of an email that I sent to a colleague after reading through the Bigger Pockets forum in an attempt to understand: (Please read below)

    I've been taking time over the last week to read the forum on Bigger Pockets. All I can say is WOW! Although, I'm still not done reading I have compiled a list of questions that I am hoping that you are able to answer for me.

    Here are the questions:

    1. The county where I live now has a population of 12,635 and a total area of 441.1 square miles as obtained from the Planning and Zoning Department. The area is very rural so how can I make the best of investing in the town in which I live?

    The closest REIA group to me is over a 2 hour drive. Would it be in my best interest to travel to that group in hopes of getting the local assistance I need to get started or do I just keep researching online until I get it?

    2. Would it be feasible or should I look to a larger area?

    3. When choosing a farm area what do I look for?

    4. What are your suggestions for finding out if there are any investors in my farm area (or just area in general)? I am looking for a way to find them without violating the county ordinance for bandit signs. THEY ARE NOT ALLOWED!

    5. Now-a-days, what are considered median priced homes (bread and butter properties)?

    6. What does it mean to get the purchase agreement recorded to create a cloud on the title?

    7. Do you have any idea on how much it cost or does the cost vary by state? I'm in Georgia.

    8. How do I get to the 150K in the following example?

    Example: I find a buyer who is looking for a 3/2 that has an ARV of 150K and sell for 60K.

    9. What is the formula for purchasing below market value? What percentage range should I remain in?

    10. (Second part of question 9)........Since I am starting out wholesaling, how can I hold contract for a purchase while leaving room for to add in an assignment fee without over pricing or seeming like I am trying to rip off the investor?

    11. What is Hard Money?

    12. What are points as they relates to hard money?

    13. What is transactional funding?

    14. What does TVM means?

    15. In building a buyers list, what do I say to the people (investors) I'm placing on this list. (As stated before, I'd like to begin in Wholesaling as it will allow me to get my feet wet and build a reserve.)

    Oh and lastly, I didn't know you sold insurance before :-) Coincidentally, I took a job 3 weeks ago as an insurance agent.....there's something we have in common :-)

    So tell me, was it a successful venture for you? Why did you give it up? And can you give this rookie any pointers on how to be the best DARN agent in the business? Right now, I'm taking pointers from reading Burke Hedges's and Timothy L. Templeton's "Referral of a Lifetime." Kinda interesting...

    Well I guess I've asked all that I have for right now but do keep in mind that there will most definitely be more question to come as I continue reading the forum so brace yourself.

    Again, it's a pleasure ......... I know you're doing well......and I look forward to talking to you soon.

    To you the best,
    Tershant

    Please email me at [EMAIL REMOVED]. Thanks

    @ carlos ...... All of this brings me back to the drawing board.

    Still.....I've not yet gotten answers and I'm still looking.

    Even in contacting people on the board I have to request a colleague in order to send them a personal message and more than less the colleague request is not accepted for some reason. Now I'm not saying that it's done on purpose but it seems like the seasoned ones are looking over the new ones. I understand that they are nto obligated but again, we are supposed to be a networking community that should try to help each other and sometimes helping means individualized attention even if there is a charge.

    I for one, don't mind putting in the work but it sure does help my confidence level if I can be sure that I am armed with the knowledge that I need to at least be able to walk away knowing that I've given them a run for their money.

    Thank you for your concern Carlos...

  • Full-Time Investor · Charlotte, NC · Member since 2009 · 2k+ posts · 1k+ votes
    15y

    I recommend searching this site for investors local to you and then privately contacting them... I've had several investors local to me find me thru bigger pockets... I'm currently doing a joint venture with one of them, sharing my crew with another who is doing a flip, and talking with a third about private loans. BP is a great way to meet people. after that you have to facilitate the relationship. Side note: I've also received private money loans from a few BP members that are out of state and I've never met them in person.. Work the emails, work the phone. Develop a relationship.

  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y
    Originally posted by Marc Freislinger:
    Originally posted by Tershant Rhodes:
    I've also requested to be a colleagues and not been accepted by many. I don't know why but maybe they only want seasoned people to be their direct colleague.

    Other people have said pretty much everything I would say, but I would like to respond to the above quote. I generally ignore requests from members who have very low post counts AND who don't introduce themselves during the request. The reason for this is to limit the amount of junk I receive. I do not think I have ever denied anyone who introduced themselves. Of course, this is just me, but I think introductions are very important when requesting colleague status. If you already do this, I would just have to say you are asking the wrong people. Or maybe people who get too many requests to respond to them all.

    The amount of knowledge in these forums is unreal. Given some effort and networking you can easily achieve anything you want to achieve. If you are confused by something, ask a question! You cannot learn this business if you're afraid of making mistakes or asking questions.

    I've actually found it's still easier to "play dumb" at times when dealing with people. Done right, it can give people the impression they are more important than they really are, and they will give you more help than they otherwise would. :mrgreen:

    Marc....you've made a great point and the knowledge is unreal but again it's scattered and it'll take what seems like a lifetime to piece it all together without assistance.

    I can't speak for others but as for my low posts, it's because the language is foreign and it's easy to babble on and on about nothing when you don't know what you're talking about. People have an unconcious tendency to look at you like you're an idiot and I can bet you 20 to nothing that there will be a smart *** in the bunch that will do all they can to belittle the little bit of knowledge that a new person do have .... by throwing in big words with not much of a meaning. Then again, that's just me and the experiences I've encountered. I don't want anyone to pacify me but it a person see that another don't understand then it would be helpful to break it down to a point of understanding. That's all I'm saying...

  • Real Estate Investor · Tampa, FL · Member since 2011 · 2 posts · 0 votes
    15y

    You network with like minded people :cool:

  • Real Estate Investor · FPO, GA · Member since 2010 · 13 posts · 0 votes
    15y

    This is a reply to the quote from James post.....

    Quoting James....

    I see a lot of new members post, many asking for help, but they fail to ask for anything anyone can provide. Many ask for deal analysis, yet they fail to post anywhere near enough information for anyone to accurately analyze anything. I have seen many others ask for monetary investments, which I find incredible since no with any common sense would want to invest their hard earned money in someone who has no experience in real estate investment.

    Some other things I have seen from new members:
    1) Asking questions that have been asked at least 100 other times
    2) Asking for mentorship in the forums but stopping there. You have to be aggressive if you are serious. Find out who from BP is in your local area and ask if you can call them to talk about the real estate market and investing strategies. This will likely lead to a relationship and some real world mentorship. Note: I am in no way trying to speak poorly about new investors, as I still consider myself a new investor.

    I am one of the members who will often post links to answer questions someone has asked, and I do this because the answer is already here, and said much better than I could have. Why continue to beat a dead horse?

    BP is like any other networking tool...you get out of it what you put in. If you take time to educate yourself, network with other investors, and try to post intelligently, you will see the benefits. BP has been the single most effective internet tool I have come across, but like any tool, you need to know how to use it correctly.

    I do not accept all colleague requests, because I feel BP should not become a popularity contest. I accept requests from people who I have seen post valuable information, people I have spoke with over the phone, and people I would like to work with at some time. I remember when I became an member on BP many people were not accepting my colleague requests. However, once I started getting deals going and posting more frequently on BP, that quickly changed.

    End quote by James.....

    My reply......

    @ James ...... Your attitude about new people is just what I'm talking about. But we all had to start somewhere. It seems that people of your status who has done a deal or two has forgotten that it takes patience and the picture is always bigger than the mirror you look at it through. Most investors with experience tend to have a lot of ability to think outside the box where creative real estate is concerned but fail to realize that all people are not the same, learn differently, and sometimes need a little more. This is not to say that they should be babied but it is to say that we are different in our own ways.

    I can only speak for one person and that's me but if you'd read my challenges and look outside the box then you'd realize that I've given and am still giving honest attempts, efforts, and abilities to getting it done and I don't believe that I'm asking for a handout especially if I say and am willing to back it up with even offering to pay for the time.

    Your statement about colleague request makes a lot of sense and I concur that Bigger Pockets is a great place to be that's why I'm still here but don't spend time trying to find fault in a person simply because that don't always understand like you do. Instead do a good service if your heart and time will allow to grab someones hand rather than kick dirt on them.

    As for beating a dead horse, I don't even believe that that's the case in most situations.....maybe the new person has tried to find the information but because the site is so large they got swallowed up by the information.

    I'm not ashamed to say that I haven't done any deals but I'm trying to get there. Even you didn't take the time to read my journey ... you only picked bits and pieces then just as I mentioned assumed that I fall in that category of many others.

    Open your mind ...... You will be blessed for it.

    Wishing you much success....

  • Realtor · Houston, TX · Member since 2011 · 916 posts · 296 votes
    15y

    First, I said if "'someone' is mad for searching" in my post not you are mad. I was speaking in general. Feeling guilty? Just as you are posting right now to all the comments, you could have posted questions instead of sulking. I have emailed and sent collegue requests to people before and didn't receive a response. So what. Big deal. People are busy. I just posted the questions in the forums. My advice to you is to start posting because we can all see that you are capable of typing and sentences together. You exceeded your previous total number of posts in less than one day. BTW you must have known that you was going to get alot of grief from this post. Send me an email if you have any investing questions and I'll try my best to answer. I'm a newbie also.

  • Flipper/Rehabber · Bakersfield, CA · Member since 2008 · 3k+ posts · 3k+ votes
    15y

    Tershant Rhodes Wow is right!!!

    You need a mentor badly... Your questions are really basic and advanced. Basic as in simple, advanced as requiring an in depth conversation.

    I bet youll have better success asking question #1 as a forum topic, getting that answer and then going on to question #2 over making a statement about BP.

    For me when I read rant about how this isnt my definition of perfect or that should work this way it turns me off. The first conclusion I take from those types of comments is that someone isnt willing to put in the time and that this business isnt an overnight success story...

    If you cant communicate here and figure out a way to have your questions answered youll have an almost impossible time getting a seller to sign your agreement to purchase or a buyer to give you details as to what they expect in a deal.

    And becasue of the lack of communication ability youll be like the other 95% of new investors who get out of this great business before getting in and blame it on everything but yourself.

    The cost of training is a real cost, nothing in life is free even when we dont have to pay for it. Like I said earlier you need a mentor then follow their lead... If you dont have the money for one understand that their cost will be multiplied many times over by the mistakes youll make or the opportunity youll over look.

  • Wholesaler · Dallas, TX · Member since 2011 · 294 posts · 152 votes
    15y

    Tershant,

    I am not going to handle you with kid gloves in this response as you are a grown adult and should be able to handle criticism.

    I am really confused on what you're expecting to get from BP.com... You say that no one is offering to help newbies but I see that exact thing happening on a daily basis. Have you not read the 350K+ post that are on the site? I am a newer investor myself and BP.com is one of my first resources for unanswered questions or concerns.

    Before I ask a question I always do a search as most issues have been discussed over the years (as James mentioned). That is the exact reason people post links to other threads. Have you taken the time to do the work and search for your answers? If you have, and you were unable to get the answer, post a question on the subject, explain what you read, and what you didn't understand. I am sure that will get you the explanation that you need.

    In the last couple of days you've spent your time on the site complaining about the lack of support and you could have spent the time researching and posting your concerns regarding investing. I'm positive you would have gained more knowledge on REI by doing so.

    Are you expecting for random internet strangers to approach you on the site and offer help? If that is you're goal, how do you expect these people to find you when you're not posting on the site? Btw, that's my goal and that's why I ask questions on the site. I also make sure to contribute to the community and post responses to topics when I have some insight that I think may be valuable. Nothing in this world is free and to me it looks like you're looking for handouts.

    Real Estate Investing is a very serious business that takes a lot of hard work and knowledge. Nothing in this life is free and you have to invest your time to gain the knowledge that you seek. If you're looking for help, you must show those who you seek help from, that you're willing to put in the time and effort. Based on this thread, it appears to me that when faced with difficulty; you're willing to accept defeat, blame others for the lack of support, and make excuses for your lack of trying.

    You mention that you've called FSBO ads and news paper ads. How many of these calls have you made? I hope the answer is hundreds and if it's not; you are really in the wrong business. Most successful REI's spend many hours and thousands of dollars on their marketing... in hopes of finding a few deals. I personally send out thousands of marketing pieces a month and I speak to hundreds sellers but I'm lucky to get 2 deals. Again, this business takes HARD WORK, CAPITAL, KNOWLEDGE, and PERSITANCE.

    Are you marketing your business the same way you've marketed yourself here on BP.com? If so, how do you expect sellers to find you when they need to sell?

    Many members of this site invest a lot of time into building this community and we take pride in sharing our knowledge and helping one another... you've come here to tell us that we do the exact opposite and you're asking for help at the same time? What is that you're willing to contribute to get the help that you seek?

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