Real Estate Investing Basics

Stop Begging for Mentors (Do THIS Instead!)

Expertise:
4 Articles Written
Dachshund puppy looking at a treat (out of reach) over a table

I saw a post this morning on BiggerPockets that nearly made me want to cry:

“I’m looking for a mentor who can assist me with wholesailing [sic].”

That was it; that was the entire post.

Let’s look beyond the glaring typo—glass houses and all that. And I’m not even going to engage on why this is an entirely ineffective post that violates nearly ALL of the no-nos I wrote about in my 2018 blog post “Top 5 Reasons We Pros are TOTALLY Ignoring Your BP Forum Questions.”

Here’s my question: What if this approach actually worked?! What kind of person likely would respond to this desperate cry for help?

If you were a serious, successful real estate investor, wise and knowledgeable and kind, is this the person you would choose to shower your considerable gifts upon?

Nope! Never in a million years!

So, who are the people who hear this plaintive call and come running?

The predators: the fake gurus, shady operators, and outright criminals who prey upon newbies, stealing their money, wasting their time, and leaving them broken and demoralized.

financial-scams

And, believe me, the jackals are out there—even right here on BiggerPockets. Perhaps especially here, because this is where their prey comes to feel safe.

The problem isn’t asking for help. The original poster (OP) simply did so in a way that is GUARANTEED to scare off the very superstars they were trying to engage, while attracting bad actors like a MAGNET!

Fortunately, there’s a simple four-step approach to effectively enlisting complete strangers in your cause.

So, let’s help OP rewrite this post to make it IRRESISTIBLE to A-team players.

Related: 10 Entrepreneurs Share Their Most Memorable Mentor-Taught Lessons

4-Step Approach to Attracting Quality Mentors

Step 1: The Intro

If you truly want help from a busy BiggerPockets investor, you need to show you’re worth helping. You do that by demonstrating that you’ve already taken steps on your own to get educated on the topic, in this case “wholesaling.”

I’ve already read <insert Book Name 1 here> and <insert Book Name 2 here>, and I’ve listened to BiggerPockets Podcast episodes 1 through 100!

Step 2: The Bait

Education is fine, but taking action is what separates the achievers from the wannabes. Show that you know how to put knowledge to work.

I talk to five sellers a day, but I need a little guidance.

Related: 3 Must-Read Books for Real Estate Investors & Entrepreneurs

Step 3: The ONE Ask

Ask for one specific thing and one thing only! Once you get it, go as far as you can with it. When you get stuck or hit a road-block, only then post again asking for the next thing.

Can someone help me with getting a valid purchase agreement in Georgia?

Two adult male friends sit talking over coffee outside cafe

Step 4: The Hook

Zig Ziglar famously said that the way to get everything you want is to help others get what they want. (You should always listen to people named “Zig.”) So, put some kind of compelling incentive (either recognition or money or both) in your post.

If you can help me, I promise to sing your praises here on BiggerPockets the minute I get a deal under contract, if you want. Plus, when I complete my first wholesale transaction, I commit to pay $500 to your favorite charity!

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My Guarantee

So there you have it. My foolproof system for getting loads of helpful assistance from strangers!

And here's my guarantee: If you sincerely try this and don't get at least one expert to come forward and offer some assistance, hit me up here on BiggerPockets. I'll either help you myself or point you in the direction of someone who will!

Why? Because Zig told me to!

Do you agree with the steps I’ve outlined above? 

Let’s talk below. 

Mitch Messer is a real estate acquisitions expert, who partners with out-of-state and overseas investors to build high-performance rental portfolios. He began real estate investing in 1999, and by ...
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    Amit Jain
    Replied 8 months ago
    Interesting, I will give it a try....Thanks!!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 8 months ago
    Thanks for reading, Amit! However, before you do, be certain to add a photo and complete your profile on BiggerPockets!
    Barry H. Investor from Scottsdale, AZ
    Replied 8 months ago
    MITCH - This is a great article with real life examples of effectiveness. I am a Hard Money Lender, and if I had a dime for every BP person who hit me up with a link to a property and a question like "....How much will you lend on this property...?" then....I would have at least $2 (Hee hee). The point is that your principles of investing, meaning "investing yourself" into gaining knowledge, processes, protocols (hint: pro formas), is spot on. I do feel sorry if some of the newbies get eaten like wolf bait due to their naivete and lack of effort on the front end, but, it sometimes takes getting snake-bit to further your education in life and investing. I have never taken advantage of a newbie for the exact reasons you outline. If they come to me with a question like I outlined above, I politely send them back to the drawing board And suggest they come back to me after they have done their homework. Not surprisingly, very few come back, because they are looking easy money (in their mind) and the path of least resistance.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 8 months ago
    Thanks, Barry! Yes, I like your approach of gently sending them back to basics. The ones that do the work are the ones who EARN the right to take the next step. Those aren't OUR rules; those are THE Rules!
    Erik W. Real Estate Investor from Springfield, MO
    Replied 8 months ago
    Wise words! I don't know if it's a sense of entitlement, ignorance, or desperation that cause a newbie to simply throw out a generic call expecting someone who has years of experience and wisdom to hand hold them thru the first year of their career, but regardless we can all agree it is very ineffective and potential dangerous to the requester. I'm just as guilty as anyone of typos, but one of my pet peeves is when someone repeatedly uses the incorrect terminology: that tells me it isn't a typo. For example, someone the other day was asking about "Quick claiming a property to his LLC." He used the phrase "Quick claim" at least 2 (possibly 3?) times. I kindly pointed out he needed to start using the right term: Quit Claim. I tried to be helpful too, because he was asking an honest and specific question. So hey, it all worked out. But if you're going to beg for a mentor, at least have the decency to learn the terminology so you don't sound foolish. It would be like going to a job interview at saying, "Yes, I've always wanted to work in this....um...industry....what is it you do here exactly?" Boy Scout motto: Be Prepared! Sounding informed shows potential mentors that you at least have the motivation to self-educated as much as possible on the topic. I don't waste my time trying to motivate the unmotivated. Plenty of gurus you can pay $10,000 to for some "motivation".
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 8 months ago
    Thank you for reading and for your comments, Erik! Yes, I'm kinda grateful I got started in real estate before websites like BiggerPockets existed, so that all my OWN cringe-worthy newbie comments won't be on display for all eternity...
    Chuks Erinne Rental Property Investor from Atlanta, GA
    Replied 8 months ago
    There's a ton of free available information here on BP and the world's university - YouTube. So, anyone not willing to educate themselves on the free level at least...in my opinion lacks the basic level of commitment needed for this industry. I once heard that the difference between people willing to pay for training, education etc. and those who would never pay for any training or willing to give something is "commitment". Very much needed information in today's RE environment. Its valuable information and Im sure it will bless many lives :)
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 8 months ago
    Thank you for reading and for commenting, Chuks! Yes, without exception EVERY successful person I know (gladly) PAYS for training and coaching!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 8 months ago
    Thank you for reading and for commenting, Chuks! Yes, without exception EVERY successful person I know (gladly) PAYS for training and coaching!
    Marta Brown Real Estate Broker from Snellville, GA
    Replied 8 months ago
    Great lesson especially for newbies! I enjoy helping new and small investors and it is great when I receive a call from someone who has really thought about what they need and how I can help. Thanks for giving new investors a guide for how to approach a possible advisor or mentor. Your advice will certainly ensure a more productive session.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you, Marta! I've seen first-hand how generous you are with your experience and wisdom. Let's hope more folks take my advice before approaching you in the future!
    Vaughn Johnson from Cheltenham, MD
    Replied 8 months ago
    Thank you Mitch, I appreciate the advice and the lesson.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you for reading and commenting, Vaughn! Also, if you have any topics you'd like to see me cover in the future, please let me know!
    Tracy Dickerson Real Estate Agent from Rockland County, NY
    Replied 8 months ago
    Great advice and help to us the ones who need to hear this. We are newbies we arent pros so we dont know how to professionally approach a "pro". With that being said, I will certainly take action on this advice immediately. Thanks for the knowledge as that helps us with the real power which is action!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Tracy, I appreciate the read and the comment! Inside every PRO is the newbie we were just a few years (or decades) ago. The truth is we WANT to help; we just HATE to have our time wasted by those who don't understand how the world really works.
    Nick Falcone Foreclosure Specialist from Grosse Pointe Shores, MI
    Replied 7 months ago
    So does this mean that you are going to help me with whole sailing some property's so I can get rich by the end of this year?
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Hah! Thanks Nick for the read AND for the laugh! I can see you were aiming to get in as many newbie typos as possible. I was waiting for "quick claim" to make an appearance. Well played, sir!
    Michael Wagner Specialist from Victor, NY
    Replied 7 months ago
    Thanks for this article Mitch! Always love reading your posts and appreciate the actionable steps you provide newer investors. Doing so helps build this community to be even better than it already is!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Hey Mike, thanks for reading and commenting! I truly appreciate your continued support and encouragement.
    Manuella Johnson from Montreal, QC
    Replied 7 months ago
    Thank you so much Mitch for the advice and tips. I have sporadically come to BP but after attending Max Maxwell's Welive20, one of my accountability group members pointed out that we should listen to BP podcasts so I just signed up to BP. Your article was suggested and I am glad that I read it. Looking forward to many more tips.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank YOU for reading and commenting, Manuella! Yes, Facebook and LinkedIn are fine, but when I'm ready to get down to work in my real estate business, I head for BiggerPockets! The Community here is the BEST!
    Elliott Sharpe from Jamaica, New York
    Replied 7 months ago
    Great article....great tips!!! 2 thumbs up!!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thanks, Elliott and welcome! I grew up in Jamaica, Queens and am a proud graduate of Linden Junior High, as it was known back then!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thanks, Elliott and welcome! I grew up in Jamaica, Queens and am a proud graduate of Linden Junior High, as it was known back then!
    Rick Shafer
    Replied 7 months ago
    Thanks for the article, great advise. One thing about you I can appreciate, is you make it clear in your Bio that investors can face hard times. I own a few investment properties and I am in the middle of some difficult financial decisions that need to be made soon. Hopefully, I will be able to work through it and learn from it. Who knows, I may be on BP's looking for help too.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Hey Rick, thank you for reading and for commenting! Yes, I've kissed the pavement MANY more times than I'd prefer. Everyone who has done this for more than a minute has been there! The One-and-Only Thing that has always pulled me out of the fire is my Network. Here's hoping you get through YOUR difficulties quickly and emerge stronger on the other side!
    Jeremiah Akindele Rental Property Investor from Houston, TX
    Replied 7 months ago
    @Mitch Messer, you deserve an REI nobel peace prize for this article sir. :) 2 thumbs up and 2 big toes up :)
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you for the kind words, Jeremiah! How cool would it be if ALL of us on BiggerPockets upped our game just 10%? I marvel at the kind of deals we could do and the growth we would experience!
    Josh Chang Investor from Kirkland, WA
    Replied 7 months ago
    Great article Mitch! I really like how you break down what it takes for someone to get started! Show initaitve and then what your value add to the person! I've always wondered what value add opportunity you can bring to others so I appreciate you sharing some examples!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thanks for the comment, Josh! Yes, everyone brings something to the table: money, credit, connections, energy, access, you name it. The formula is simple: Offer what you've got to get what you want!
    JaMario Price Real Estate Agent from Conyers, Georgia
    Replied 7 months ago
    Hey Mitch, great article!! This is sooooo key for new investors. You have to invest your time first and bring value! I know that this is cliche but its true! Take that ONE thing and take action!!! Great article!!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you, JaMario! You definitely get it!
    Chukwudi Motanya Investor from Lithonia, Georgia
    Replied 7 months ago
    Great post Mitch. I also made this mistake when I was starting out. Still learning a lot but funny how easier it is to find people willing to help you when you offer something in return. Can’t wait for more content!
    Tanya Johnson New to Real Estate from Los Angeles, CA
    Replied 7 months ago
    @Mitch Messer Awesome advice. Love the structure and step by step points. It can be difficult to ask for advice from someone experienced as newbies because we aren't always sure we'll have something to offer in exchange for the valuable knowledge. Thanks so much for the tips!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Hi Tanya, thank you for reading and commenting! Sometimes a really intriguing question is the best contribution of ALL.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thanks for reading and commenting, Chudi! Let me know if there is something specific you'd like to see me cover.
    Mario Ray Rental Property Investor from Memphis, TN
    Replied 7 months ago
    I did just that. I started reading first. That led me to BP. When agents reached out to me, they understandably wanted to vet me. Having invested my time in reading and attending seminars, webinars, etc (and simply being honest about my why and what I wanted to accomplish) it was easy to find someone willing to work with me. In turn, I don't waste his precious time, I do my homework on deals we're looking at, I return his texts or emails in a timely manner and will gladly give him a testimonial should he ask.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thanks for your comments, Mario! You've discovered the not-so-secret formula for getting all the assistance you'll ever need. Why every newbie doesn't apply this principle is a total mystery to me.
    Rose White Real Estate Agent from Acworth, GA
    Replied 7 months ago
    Hi Mitch, love your post! I can learn a lot from this post. Doing your “due diligence” before going after a mentor is a key so you don't end up wasting other’s time. In this industry, if you’re not self-motivated and hungry to learn, it will definitely be a rough ride. Thank you for an eye opening post for our BP community! 😬
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you for reading and commenting, Rose! Not surprisingly, the process for approaching a mentor is alarmingly similar to the process for approaching a seller, or a buyer, or a private lender. You gotta deliver value BEFORE you can extract benefit!
    Gary Parilis Rental Property Investor
    Replied 7 months ago
    All good advice, Mitch. I've found there's also another way to get guidance from experts on BP, though I don't really do it on purpose. I find when I engage in discussions on forums (I mean really try to contribute something meaningful), I end up in conversations with smart knowledgeable people, who welcome and respond to a direct message. I don't contribute in order to find experts to take advantage of, but I find that adding value to discussions gives me enough credibility to approach people with a specific question. In a sense, this is still consistent with the overall "pay it forward" ethos.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thanks, Gary, I absolutely agree! Making a meaningful contribution to a discussion marks you as a Giver, opening the door to you receiving even more. And, even those who don't believe they can make such a contribution can still VOTE for posts like yours!
    Bob B. Investor from Roswell, GA
    Replied 7 months ago
    Good info. Spoken like a "loving Dutch Uncle" I followed Zig years ago and his message is as valuable today as its was in the 80's.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you, Bob! I feel so blessed to have encountered people like Zig Ziglar and Jim Rohn in my life. I got to meet Jim a decade or so ago and got him to sign my journal (which had been inspired by him!).
    Andrew Syrios Residential Real Estate Investor from Kansas City, MO
    Replied 7 months ago
    Amen Mitch!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you for reading and for the encouragement, Andrew!
    Ann Shanley Investor from Lake County, OH
    Replied 7 months ago
    Thank you Mitch! I have been on both sides, asking for help and being asked for help. This makes so much sense from every aspect. Thanks for a much needed article. Sone things there just isn't a "hack" for and you need to do your due diligence!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Ann, I appreciate you reading and commenting! I've seen your posts here on BiggerPockets and I know you are a true Go-Giver!
    Brenden Mitchum Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    This is awesome, Mitch! Whenever I see a post like the one your referenced in the beginning here, I try to point that person in the right direction. However, this is a bit difficult for me since I, myself, have not yet found a mentor. I do try to put myself in the shoes of a seasoned investor to give advice to said person, but I am afraid that I am just not qualified to do this. Now, instead of giving them advice that may or may not work, I can simply refer them to your post here for a clear and concise step-by-step directive. Also, it probably would not be a bad idea for me to try this myself! As always, thanks for the fantastic, highly actionable advice!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you, Brenden. Even though you are still building your expertise, I've personally seen you reach out to help others with your time, energy and resources! I can tell you that your generosity is not going unnoticed. You can't out-give the system!
    David Yusupov from Atlanata, GA
    Replied 7 months ago
    Great outlining and very interesting, especially for newbies like me. Thanks for the article, Mitch!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    David, thanks for reading and letting me know it was helpful!
    James Duffy
    Replied 7 months ago
    Mitch - I could not agree more with #2 The Bait - it is amazing how much is learned from simply taking action, failing even. Things that books and courses and conferences cannot ever instill. And there is a confidence in taking action that is conveyed when you do, then, get stuck and reach out and ask for help. Great article. I hope it inspires a lot of newbies to, indeed, take action and then and only then reach out when they hit a pothole or need guidance in the one thing to keep moving.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Jim, thank you for your feedback! Yes, I agree with you 100%. I call it giving myself "permission to suck" at something, rather than letting perfectionism keep me from taking any action at all. Hmm, that's a great headline for a future post!
    Jacquelyne Sears Investor from Atlanta
    Replied 7 months ago
    Great article Mitch! As a newbie investor, I appreciate your tips on doing my due diligence before asking for help. Great advice!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Jackie, thank you for reading and for leaving me a comment! Let me know if there are specific topics you'd like to see covered.
    Timothy Smith Investor from Buffalo, NY
    Replied 7 months ago
    Mitch, these words ring loud and clear, and could be applied to many businesses. I am a classical musician, and when I made the transition from student to professional, freelancing and teaching in Chicago, I adopted a similar methodology for getting gigs and building a teaching studio. You can't just ask people to give you a gig, or recommend you for one -- you MUST provide value to them in the process. That could be anything from actually taking a lesson and paying them for their time/expertise, recommending them for a gig you can't do, sending them a student, or bringing them in on a gig. One of the smartest moves I made was when I was hired to play the National Anthem for the Chicago Bulls. Rather that do it solo, I asked if I could bring a quartet. I was still coming up in the freelance scene, and had a few good connections but nothing great to offer in return. The gig paid horribly ($50 I think), but the perks were VIP parking, courtside access, free tickets, and some food vouchers. So, I asked some of the guys that had recommended me for work around town to make up the quartet, and they had a BLAST!! They were great musicians anyway, so I wasn't sacrificing the product, but the value I provided to them was worth way more than any gig could have paid. That one move helped cement my place as one of the "top-call" players until I left town.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Hey Timothy, thanks for reading and commenting. I LOVE your example of bringing your crew along for a once-in-a-lifetime gig. Your clever creativity cost you absolutely ZIP but created greater value for your client and immeasurable benefits for your fellow musicians. I calculate that as infinite ROI in MY spreadsheet!
    Angela Filomeno
    Replied 7 months ago
    Thank you so much for this information, as a "Newbie" I needed to hear this. I became interested in investment properties last year and decided to get myself on a wait list to purchase a SFH in Memphis figuring jumping in was the best course of action, since I tend to be fearful and a procrastinator! I had just changed careers as I was tired of working per diem as a Mammographer, my children I had homeschooled are now in High School and pretty much teach themselves, what is a Mom to do?? So, now that I jumped in and put myself on a purchase list, I signed up for a Real Estate course, passed the test, and I am now a licensed real estate agent. Although I have not "hung" my license anywhere yet, as I was never interested in selling just investing. I have been listening to BP, met for 2 hours with the Broker where I took my class to pick his brain, and have reached out to find out if I can tag along on any properties he is going to be looking at to just observe and learn what he looks for in a property. I have been eyeing some of the BP meet ups in my area just haven't had the nerve to go to one alone yet. Thank you for this article so that I do not get taken advantage of and learn the correct way to ask for assistance. I am looking forward to my first "meet up" to just sit and listen. I am enjoying the BP classes with Brandon and have learned quite a bit that I know will put me on the road to success!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Angela, I appreciate you taking time to read and offer your comments! It sounds like you have no problem taking BOLD steps and asking for help. That's probably why that Broker is so willing to serve as your mentor. Continue to be brave and remember that NO ONE was born knowing this stuff! Everybody has had their own personal "newbie moments."
    Trevor Hill Investor from Greater Metro Atlanta
    Replied 7 months ago
    Awesome post and guidance, Mitch. Most of us newbies feel so lost like we're stepping over dollars to get to pennies and desperately look to those who've already learned from the mistakes we are currently making. All the while failing to realize that desperation is leading to a mistake in critical thinking and strategic approach. Time is money, after all. Talk soon!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you for reading and for the words of encouragement, Trevor! I hope this post helps others get the help they need.
    Theresa Messer from New City, New York
    Replied 7 months ago
    Great article and well said! Thank you for the advice!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Theresa, thank YOU for reading and for the encouragement!
    Alton Lewis from Clarskville TN
    Replied 7 months ago
    I appreciate this article. It has shed light on a valuable mistake that I have seen across social media, to include myself. Please excuse my opinion on what I am about to say. There was a comment posted about terminology and how it is essential to know the correct terms. As I read the comment's, the term newbie, in my opinion, needs to transition into better terminology for new investors entering this business. Terminology is very important, but at the same time, we as professionals should phase out certain terms. I was brought up on hearing the terms inexperienced, experienced, beginner, novice, pro, expert. These terms is what I feel needs to be heard a lot more in the business world today. Newbie to me is a video game term. I do not say this to take away from the meaning of the original post. However meaningless this may prove to many, I am only shedding light on how we can all improve our terminology. Once again, I am not taking away the relevance of the post. I do sincerely apologize if this seems as such. I value everyone in these post. Without the wealth of knowledge here, I would not know where to start. Keep doing great things everyone, I will join the fold in time.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Alton, thank you for reading and for your thoughtful comment! I do agree with you on the importance of precise terminology. In my post I could have better explained that my use of "newbie" was intended as a neutral colloquialism and not at all a judgment or an insult. But, that is the danger of slang: it hits everyone differently. For an older guy like me, "newbie" existed long before there even were video games! I'll keep this in mind in my future writings!
    Alejandro Stewart from Mcdonough, GA
    Replied 7 months ago
    I had the time to read it this morning and it makes a lot of sense. I definitely see the how the outcome may change. Thank you for giving such helpful information.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you for reading and letting me know you found value here, Alejandro!
    Antwoinne Campbell Real Estate Agent from Columbus, GA
    Replied 7 months ago
    I found this post to be beneficial as it educated us newbie investors on the proper way to seek guidance in our journey from seasoned investors. Also, this post provided insight to the newbie investors that are unaware of the predators that tend to take advantage of those blinded of their intentions. Thank you for enlightening us new investors on how to start off on the right track.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Hey Antwoinne, I'm glad you were able to take away some useful tools and information! That makes me happy!
    Damien Hart Investor from Atlanta, Georgia
    Replied 7 months ago
    Very good article Mitch...it the hard truth that we all need from time to time. What’s great about the article is that it tells you what is needed to make a great Ask as well as you offering your help. Win win
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you Damien! Yep, the better I get at asking for help, the better my world becomes!
    John Murray from Portland, Oregon
    Replied 7 months ago
    The best way for newbie to learn is to put your skin in the game. Go buy a property and begin to learn the mechanics of restoration, finance and maintenance. Now begin to study and find out more about your vocation. You will learn exponentially when you have an money invested and the outcome is up to you. You are going to put in about 100 hours per week to begin and drop down to about 80 after you done your first 20,000 hours. Before you know it your a multimillionaire. You will work harder than you ever have in any job. Your vocation is more important then your job. Most will fail in 5 years and give up, only about 10% will succeed. Most will fail and return to the treadmill of a job.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    John, thanks for reading and for your observations. As Jim Rohn would say, “What you become is far more important than what you get.”
    D. Stephen Anderson Rental Property Investor from Cleveland Ohio
    Replied 7 months ago
    I took a different approach, a colleague of mine (we both teach at the same school) told me about a deal he was working on and the more I kept looking at the numbers I realized this was a great deal. This was a multi-use building which had two storefronts and four units of three bedrooms each. I knew he needed some investors so I went in on the deal with him. He had a duplex before and had been a landlord for a few years and since this was new to me I thought this would be a good partnership. I have worked at the property to make improvements, clean, and talk with the tenants. The best ideas we have gotten for improvements came from the tenants themselves who told us what they wanted (Laundry in basement, Vending machines, fixing up back alley as a private patio for the residents). I've learned much from my partner who told me a few basic dos and don'ts as well as some contacts. The best advice I can give to any newbie is to use your time to learn on your own. Three books I that I found that were very helpful were “The book on managing rental properties” and “The book on rental property investing” by Brandon Turner (this is how I found out about Bigger Pockets) and “The ABCs of real estate investing” by Ken McElroy. I know sometimes it's next to impossible to find time to read such as in my case so I do the next best thing, I have the books read to me on my drive to work each morning (Audible is a God send!)
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Great points, Stephen! Thanks for your comments. Yes, nothing beats getting right out into the mix and learning alongside a more experienced partner. In Japanese culture, this is the senpai/kohai approach.
    Abigail Gay Accountant from Stone Mountain, GA
    Replied 7 months ago
    Great post, Mitch. I'm a newbie so I appreciate experienced investors sniffing out bad newbie habits in order to allow for us to grow and learn! The predators you mentioned could easily discourage new real estate investors, like me, by making their very first purchase a complete nightmare. I appreciate your advice and will keep an eye out for more articles from you! I know I have a lot to learn and it's nice to know that their are good people here on BP willing to help new investors make the right moves. Thank you for your insight.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you for reading and for your comments, Abby! I've STILL got lots to learn, but I also vividly remember what it felt like back in 1999 to NOT know what I DIDN'T know, nor how to ask in a way that wouldn't involve giving some guru $20K. Plenty of people stepped forward to help me then; I'm HONORED to be able to serve others in the same manner now!
    Mitchell Lee Rental Property Investor from Goldsboro, NC
    Replied 7 months ago
    I find the advice here very helpful and I very much agree with offering value first as well as putting in your own hustle before asking others to help you. Thanks for the good read Mitch!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Mitchell, thank you for reading and for the words of encouragement! (Great name, too, by the way!)
    Souleymane Hanne New to Real Estate from Warner Robins, GA
    Replied 7 months ago
    Mitch, This is a great article on finding mentors. I myself being new in Real Estate have been looking for ways to get a mentor. This article simply explains step by step on how to make that happen. One thing I understand is that you have to be ready to provide value in any way in return if you want someone to help you. I always ask fellow investors on how I can help them excel their businesses. Thank You for this post! I look forward to reading many more articles of yours in the future!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    I TRULY appreciate your comments, Souleymane! I'm glad to know you found this to be helpful!
    Sherrie Wright from Chicago, Illinois
    Replied 7 months ago
    Great tips. Thoroughly appreciated!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you, Sherrie! Any other topics you'd like to see covered?
    Simone Johnson Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Since I’ve joined BP, you’ve been one of my absolute favorite people to read. All of the advice you give is thoughtful, smart and valuable. Thank you for providing great guidance on how we can all level up on here. I think it’s important that people value others time the same way they would value the advice they seek. Being clear and specific in asking for help will help those with the wisdom and knowledge to provide the right advice. Thank you again for being a great person and sharing your gems.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you, Simone, for reading and for your very kind words of encouragement! It's exciting for me to see others getting the help that they need to grow and learn!
    Eric M. Investor from Atlanta, GA
    Replied 7 months ago
    Hey Mitch! This was a great post. You have always given great advice but also expressed the importance of investing in yourself (Books, courses, etc.) I appreciate your insight and thank you for your contribution to BP. TY sir.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you, Eric! My life continues to be completely remade and enhanced by the books I read and by the people I spend time with.
    Simone Johnson Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Since I’ve joined BP, you’ve been one of my absolute favorite people to read. All of the advice you give is thoughtful, smart and valuable. Thank you for providing great guidance on how we can all level up on here. I think it’s important that people value others time the same way they would value the advice they seek. Being clear and specific in asking for help will help those with the wisdom and knowledge to provide the right advice. Thank you again for being a great person and sharing your gems.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thank you, Simone, for reading and for your very kind words of encouragement! It's exciting for me to see others getting the help that they need to grow and learn!
    Jessamyn Smith
    Replied 7 months ago
    This was very interesting and definitely makes sense! Also love that you quoted Zig Ziglar!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Jessamyn, thank you for reading and for your comment! Yes, I'm a HUGE fan of the Great Ones: Zig, Earl Nightingale, Jim Rohn, Les Brown, Brian Tracy, etc. Back in the days of cassette tapes!
    Craig Lively Investor from SLC, UT
    Replied 7 months ago
    Mitch, I've heard a thousand times over when reaching out to potential mentors, to offer them value. I've never read or learned of a way that is broken down in extremely practical ways. This post was spot on and will help me find new mentors!
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Hi Craig, thank you for reading and commenting! I'm glad you found it helpful! For the record, this is EXACTLY how I built and continue to grow my own network of advisors and mentors.
    Kris Canaday New to Real Estate from Greater New Orleans area
    Replied 7 months ago
    Great advice. I learned this from someone several years ago. It makes sense and it works, but starting out it may not be an intuitive approach unless a person has had training in networking or sales. A-players are bombarded with requests for mentorship but the first thing they hear when someone says "would you mentor me" (unless you already work together), is 'would you commit tons of your time to answer my every question.' Time is a priceless commodity that we never get back. Multiply that by dozens of requests and it becomes overwhelming. These steps work well to distinguish yourself and show that you are interested in creating a mutually beneficial relationship, rather than wanting a 'take all' or 'one way' relationship. I think it also helps to actively show that you respect the mentor's time and have no intention of taking advantage of it.
    Mitch Messer Rental Property Investor from Atlanta, GA
    Replied 7 months ago
    Thanks for reading and for commenting, Kris; you got my point exactly! Time is the currency a mentor is investing, and they are always looking to maximize their return on an investment, just like they do in their business dealings! Any mentee who doesn't understand how ROI works is doomed as an investor anyway!