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Updated about 2 years ago on . Most recent reply

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Ken Nieves
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"Free Labor" in Exchange for Guidance/Instruction - How To Articulate This Offer?

Ken Nieves
Posted
Good Morning/Afternoon/Night!
Newbie/Wannabe Real Estate (MF) Investor here.  I've decided I'd like to offer "free" man hours (unpaid work) to someone who is willing to provide part time employment, in exchange for training, essentially.

At the moment, my career situation does not support completely moving/transitioning from my current industry (transportation), to RE, full time.  However, I have a burning desire to gain experience, work with/for current professionals, and begin this journey.  I can afford to allocate 70-90 hours of my time, monthly, in exchange for training/tasking.

The question for everyone here is...how could I word such an ad/offer, in an attempt to attract legitimate industry professionals?  Does this offer seem reasonable or likely to return good results and/or "real world" knowledge?  Any tips for vetting a potential employer?  I want to learn how to confidently analyze/underwrite small MF properties, strategic deal finding, property management tactics/scaling, and anything related to the industry/networking etc.  I am very much a "hands on" learner who enjoys being tasked with specific duties, especially repetitive ones.

About me: 32 years young, living in Orange County, CA.  Father of one, soon to be two.  Currently working in management, within the transportation industry.  Going on 10 years with my current company, working in three different departments, one of which I manage individually.

Any information or feedback would be greatly appreciated!

TIA

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Nicholas L.
#3 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
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Nicholas L.
#3 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Ken Nieves

do you go to REIA meetings? honestly this is a generous offer on your part, but I don't know that this is the kind of thing experienced investors need.

i would just go to REIA meetings and ask questions, network, etc. if you want to do some self learning:

deal finding and underwriting - i'd do podcasts, BP, and youtube.  wholesale hotline is great for a crash course on deal finding.  you could even do the trial subscriptions to the lead software programs, play around with them, and then cancel.

property management - leave that to the pro PMs.

hope this helps

  • Nicholas L.
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