How to find a Mentor? Out of state Multifamily Properties (Los Angeles)
Hi, I'm based in Los Angeles, but looking to invest in out of state multifamily properties. Specifically in Indianapolis.
How does one find a mentor? I'm looking to buy ASAP, but need someone to go to when it comes to analyzing a deal, and taking my next step.
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
I recommend interviewing investor friendly real estate agents who invest themselves. That way it becomes a win-win. You get mentored by an investor and they make commissions off of the deals you buy.
I've helped multiple clients here in LA and that is the relationship we have.
Hi Jesse.
I'm an investor in Indianapolis but started as an out of state investor (Oregon) about 5 years ago before we relocated here. I'm also a licensed agent with personal experience in the multi-family space so I'd be glad to connect and see how I may be able to assist you in getting started with your investments in Indy.
Lauren
#3 Market Trends & Data Contributor
- Investor
- Arroyo Grande, CA
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#3 Market Trends & Data Contributor
- Investor
- Arroyo Grande, CA
Hey Jesse, I don't know much about the Indy market but if you want to compare notes on anything I'm also in CA and invest out of state. My market is Detroit and I've built a 12-door portfolio there.
#1 Managing Your Property Contributor
- Property Manager
- Metro Detroit
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#1 Managing Your Property Contributor
- Property Manager
- Metro Detroit
We 2nd @Travis Biziorek suggestion to consider Detroit!
PM us for more info:)
Hi Jesse, I suggest that you try to attend your local REI networking groups and meetups. Connect with as many real estate investors as you can. You can also consult with lenders, brokers and ask them for suggestions on who might be a good real estate mentor and most will be able to provide one. Consider how you can add value to the mentor-mentee relationship by leveraging your strengths. Keep in mind though that building your network takes time and consistency. Be real in your interactions, share your goals and don't be shy about giving back. Relationships are a two-way street, and the more you invest in others, the more likely you'll get valuable insights and support in return. Hope this helps!
Hey - I think you are taking all the right steps. Feel free to reach out and I'd love to help and point you in the right direction!
