How to find a real estate coach
Member since 2020 · 5 posts · 4 votes
How to find a real estate coach
Most Popular Reply
Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes
1yQuote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
Brett
REI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.
If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.
$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!
21 Replies
Hey Brett, I highly recommend checking out local real estate networking events. That’s actually how I found my mentor and got involved in my first flip. It’s also a great way to connect with other investors and learn what’s working for them. Best of luck! I’m excited to see your growth on this investing journey!
- Member since 2020 · 5 posts · 4 votes1y
Thanks but those are quite a ways away (100+ miles). I'm not looking for a mentor. Just someone to go through the analysis with me.
- 1yJaycee GreenePro MemberReal Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
Quote from @Brett Romero:
Thanks but those are quite a ways away (100+ miles). I'm not looking for a mentor. Just someone to go through the analysis with me.
Hey @Brett Romero, welcome to the BP Forum! What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF? What is your price range/down payment amount? Are you looking for turn-key properties or something along the lines of a "fixer upper"? And in what market/city are you targeting?
- 1yBrendan WinansBusiness MemberReal Estate Agent / Investor · Bakersfield, CA · Member since 2015 · 48 posts · 25 votes
Hey Brett, just to be clear, are you wanting someone to help you learn to analyze them yourself?
Winans & Associates4.714 Reviews- Member since 2020 · 5 posts · 4 votes1y
Quote from @Brendan Winans:
Hey Brett, just to be clear, are you wanting someone to help you learn to analyze them yourself?
I know how to analyze it. I'd like someone more experience to walk through the numbers with me and point out any potential flaws/pitfalls in my analysis.
- Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes1y
Quote from @Brett Romero:
Quote from @Brendan Winans:
Hey Brett, just to be clear, are you wanting someone to help you learn to analyze them yourself?
I know how to analyze it. I'd like someone more experience to walk through the numbers with me and point out any potential flaws/pitfalls in my analysis.
Your "potential flaws/pitfalls in my analysis" (are actually guaranteed flaws/pitfalls in your analysis). Thinking this can be done cheaply, painlessly and fast.
There is a cost.
If the nearest meetup is hundreds of miles away, spend the night there.
You just don't want it enough. - 1yBrendan WinansBusiness MemberReal Estate Agent / Investor · Bakersfield, CA · Member since 2015 · 48 posts · 25 votes
Quote from @Brett Romero:
Quote from @Brendan Winans:
Hey Brett, just to be clear, are you wanting someone to help you learn to analyze them yourself?
I know how to analyze it. I'd like someone more experience to walk through the numbers with me and point out any potential flaws/pitfalls in my analysis.
I'd be happy to schedule a call sometime and go over my approach, as well as work on yours. DM me if you're interested.
Winans & Associates4.714 Reviews
Hi Brett-
Congratulations on starting your real estate investing career!
You asked about finding a freelance real estate coach on an hourly basis to help you analyze properties for long-term rentals.
I understand this desire to have a mentor in the beginning.
Recommend finding a real estate calculator that works for you. I prefer the simple over the complex and the free over the paid calculators.
Then, I would look for an investor friendly Realtor or commercial broker in the area you are interested in investing whose value exceeds their commission from the transaction. They can help you analyze deals and the specifics in that local market. Additionally, they should be able to provide the rest of the local team you need including a thorough property inspector, property manager who increases your ROI and reduces tenant turnover, contractors to maintain the property at a fair price, asset protection attorney, insurance agent, and a lender who is experienced with investor loan products.
To Your Success!
- Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes1y
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettWhy isn't analyzing "I'm looking for help with analyzing properties for long-term rentals"
worth hundreds on dollars a month?
My advice is "if you can't afford good advice for real estate, do something safe instead, like sell koolaid on the corner" - Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes1y
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettREI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.
If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.
$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!
- Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes1yI understand your sentiment, better to get started rather than worry so much.
Quote from @Marcus Auerbach:
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettREI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.
If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.
$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!
He wants to have long term rentals.
But, I don't think you can learn how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites, lot lines, and on and on from reviewing listings.
He has a valid concern. He doesn't know what he doesn't know.
Joining a REI group for $20 a month is his best approach IMHO. (NationalREIA.org) Over time, he will have what he needs,
However, I think he wants to avoid the trauma of lawsuits, police visits to the property and 3:00am phone calls. ;-)
Having rentals is not a walk in the park. - Member since 2020 · 5 posts · 4 votes1y
Quote from @Ken M.:
I understand your sentiment, better to get started rather than worry so much.Quote from @Marcus Auerbach:
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettREI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.
If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.
$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!
He wants to have long term rentals.
But, I don't think you can learn how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites, lot lines, and on and on from reviewing listings.
He has a valid concern. He doesn't know what he doesn't know.
Joining a REI group for $20 a month is his best approach IMHO. (NationalREIA.org) Over time, he will have what he needs,
However, I think he wants to avoid the trauma of lawsuits, police visits to the property and 3:00am phone calls. ;-)
Having rentals is not a walk in the park.What you just said.
I always get at least a 2nd pair of eyes to check my work. The bigger/more important the potential decision, the more eyes I get. I don't claim to know it all and appreciate the other views/angles those additional eyes bring. - Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes1y
Quote from @Ken M.:
I understand your sentiment, better to get started rather than worry so much.Quote from @Marcus Auerbach:
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettREI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.
If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.
$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!
He wants to have long term rentals.
But, I don't think you can learn how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites, lot lines, and on and on from reviewing listings.
He has a valid concern. He doesn't know what he doesn't know.
Joining a REI group for $20 a month is his best approach IMHO. (NationalREIA.org) Over time, he will have what he needs,
However, I think he wants to avoid the trauma of lawsuits, police visits to the property and 3:00am phone calls. ;-)
Having rentals is not a walk in the park.Not what I said!
If you lack the knowledge, read books until you get to the point where it get's repetitive and you don't learn anything new. If you only read what's in the BP book store you know more than the average investor.
If someone is asking me for help, my first question is always which REI books have you read? If the answer is none or RichDad-PoorDad I'll give them a list and tell them to come back with questions once they know something.
No coach is going to sit there and tell you for hours on end about how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites and lot lines
And if you stay clear of the hood, you won't have to deal with police visits and 3am phone calls, I have not had one in 15 years
- Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes1y
Quote from @Marcus Auerbach:
Quote from @Ken M.:
I understand your sentiment, better to get started rather than worry so much.Quote from @Marcus Auerbach:
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettREI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.
If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.
$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!
He wants to have long term rentals.
But, I don't think you can learn how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites, lot lines, and on and on from reviewing listings.
He has a valid concern. He doesn't know what he doesn't know.
Joining a REI group for $20 a month is his best approach IMHO. (NationalREIA.org) Over time, he will have what he needs,
However, I think he wants to avoid the trauma of lawsuits, police visits to the property and 3:00am phone calls. ;-)
Having rentals is not a walk in the park.Not what I said!
If you lack the knowledge, read books until you get to the point where it get's repetitive and you don't learn anything new. If you only read what's in the BP book store you know more than the average investor.
If someone is asking me for help, my first question is always which REI books have you read? If the answer is none or RichDad-PoorDad I'll give them a list and tell them to come back with questions once they know something.
No coach is going to sit there and tell you for hours on end about how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites and lot lines
And if you stay clear of the hood, you won't have to deal with police visits and 3am phone calls, I have not had one in 15 years
Your comment: "You don't need a coach." and "No coach is going to sit there and tell you for hours on end about how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites and lot lines"
Well, yes . . . I do.
Every one of my students gets two hours a week and unlimited calls to go over all of those things. But, it costs money.
Now, if you say "no coach will do that for "free", you are likely correct"
Some people don't need that kind of help, but it's available for those that do, that have resources to pay for it, that are serious about being successful and will put in the effort.Just two other thoughts
1. Not everyone is a book learner, some are lecture learner, some are hands on learners.
2. Where is the hood? Does a new guy know which side of which street to stay away from or even how to determine that answer?
- Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes1y
Quote from @Ken M.:
Quote from @Marcus Auerbach:
Quote from @Ken M.:
I understand your sentiment, better to get started rather than worry so much.Quote from @Marcus Auerbach:
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettREI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.
If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.
$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!
He wants to have long term rentals.
But, I don't think you can learn how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites, lot lines, and on and on from reviewing listings.
He has a valid concern. He doesn't know what he doesn't know.
Joining a REI group for $20 a month is his best approach IMHO. (NationalREIA.org) Over time, he will have what he needs,
However, I think he wants to avoid the trauma of lawsuits, police visits to the property and 3:00am phone calls. ;-)
Having rentals is not a walk in the park.Not what I said!
If you lack the knowledge, read books until you get to the point where it get's repetitive and you don't learn anything new. If you only read what's in the BP book store you know more than the average investor.
If someone is asking me for help, my first question is always which REI books have you read? If the answer is none or RichDad-PoorDad I'll give them a list and tell them to come back with questions once they know something.
No coach is going to sit there and tell you for hours on end about how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites and lot lines
And if you stay clear of the hood, you won't have to deal with police visits and 3am phone calls, I have not had one in 15 years
Your comment: "You don't need a coach." and "No coach is going to sit there and tell you for hours on end about how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites and lot lines"
Well, yes . . . I do.
Every one of my students gets two hours a week and unlimited calls to go over all of those things. But, it costs money.
Now, if you say "no coach will do that for "free", you are likely correct"
Some people don't need that kind of help, but it's available for those that do, that have resources to pay for it, that are serious about being successful and will put in the effort.Just two other thoughts
1. Not everyone is a book learner, some are lecture learner, some are hands on learners.
2. Where is the hood? Does a new guy know which side of which street to stay away from or even how to determine that answer?
The biggest value that a coach can bring is to answer questions when the rubber meets the road, when it's actually time to sign on the line. But the student needs to have enough context to be able to ask good questions in the first place.
You can put me next to the world's best neurosurgeon and give me 2 hours a week to ask him anything, I would not even know what to ask. Extreme example, but just to illustrate the point.
So yes, not everyone is a book learner, but college still uses books for the most part. At least you can listen to audio books now in the car if you are not a reader. There is not really hands-on learning about landlord-tenant law, it is not very haptic.
It will be interesting to see how the coaching industry is going to change with AI. I started with courses on CDs (at least it was not tapes) and a few books. Now I am having hour long conversations with ChatGPT when I am driving and it is mind blowing how much better it has gotten in just a few months. You could basically build a whole REI course that is AI supported, you just lay out the main chapters and the use a LLM to deliver interactive lectures, it could even be State or market specific.. I have to think about that!
- Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes1y
Quote from @Marcus Auerbach:
Quote from @Ken M.:
Quote from @Marcus Auerbach:
Quote from @Ken M.:
I understand your sentiment, better to get started rather than worry so much.Quote from @Marcus Auerbach:
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettREI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.
If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.
$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!
He wants to have long term rentals.
But, I don't think you can learn how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites, lot lines, and on and on from reviewing listings.
He has a valid concern. He doesn't know what he doesn't know.
Joining a REI group for $20 a month is his best approach IMHO. (NationalREIA.org) Over time, he will have what he needs,
However, I think he wants to avoid the trauma of lawsuits, police visits to the property and 3:00am phone calls. ;-)
Having rentals is not a walk in the park.Not what I said!
If you lack the knowledge, read books until you get to the point where it get's repetitive and you don't learn anything new. If you only read what's in the BP book store you know more than the average investor.
If someone is asking me for help, my first question is always which REI books have you read? If the answer is none or RichDad-PoorDad I'll give them a list and tell them to come back with questions once they know something.
No coach is going to sit there and tell you for hours on end about how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites and lot lines
And if you stay clear of the hood, you won't have to deal with police visits and 3am phone calls, I have not had one in 15 years
Your comment: "You don't need a coach." and "No coach is going to sit there and tell you for hours on end about how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites and lot lines"
Well, yes . . . I do.
Every one of my students gets two hours a week and unlimited calls to go over all of those things. But, it costs money.
Now, if you say "no coach will do that for "free", you are likely correct"
Some people don't need that kind of help, but it's available for those that do, that have resources to pay for it, that are serious about being successful and will put in the effort.Just two other thoughts
1. Not everyone is a book learner, some are lecture learner, some are hands on learners.
2. Where is the hood? Does a new guy know which side of which street to stay away from or even how to determine that answer?
The biggest value that a coach can bring is to answer questions when the rubber meets the road, when it's actually time to sign on the line. But the student needs to have enough context to be able to ask good questions in the first place.
You can put me next to the world's best neurosurgeon and give me 2 hours a week to ask him anything, I would not even know what to ask. Extreme example, but just to illustrate the point.
So yes, not everyone is a book learner, but college still uses books for the most part. At least you can listen to audio books now in the car if you are not a reader. There is not really hands-on learning about landlord-tenant law, it is not very haptic.
It will be interesting to see how the coaching industry is going to change with AI. I started with courses on CDs (at least it was not tapes) and a few books. Now I am having hour long conversations with ChatGPT when I am driving and it is mind blowing how much better it has gotten in just a few months. You could basically build a whole REI course that is AI supported, you just lay out the main chapters and the use a LLM to deliver interactive lectures, it could even be State or market specific.. I have to think about that!
I started when late night TV had infomercials. I went to a couple of the free two hour group "seminars" that inspired but provided no content. It wasn't until I made an offer on a property in foreclosure that everything started to gel. It would have gone a lot more smoothly if I had some basics first like "what is a warranty deed" and the difference between a WD and a Quit claim deed and deed of trust. The difference between ownership and being on the loan, and so on.
And Learning the timeline for foreclosure and various consequences, The legal rights of the lender vs the legal rights of the borrower. Things like that. Sure, I could have read enough books and eventually been at it long enough to answer those questions, if I knew where to look. But the $90,000 I made (30 years ago, so a fair amount of money) by jumping in made sense to me to sink or swim. It was by brute force and lots of mistakes though (some legal). And I've repeated the process over and over during the years clearing up the mistakes.
Years later I paid for some actual training at a high level of investing, made a lot more money on things I'd never known. They aren't really taught in books and I learned asset protection and preservation and some cool tax techniques.
Is that appropriate for everybody? I'm beginning to agree with you, probably not.
By the way, I recently tried using ChatGPT on an issue regarding a property purchase and the information would have caused more legal problems than the guy already had. But only experience would know that. What AI might be able to do is raise the issues you need further help on from a banker or attorney to consult, but be aware the AI solutions can be way off. I don't think ChatGPT knows about unintended consequences.
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes1y
Quote from @Brett Romero:
Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.
Thanks,
BrettTake a collegiate level course on real estate or go on youtube -there are thousands of videos on how to analyze a property.
The reality is you can only do so much online. Think of buying real estate about getting married. you can find someone online, ubt would you marry them without meeting them? Would you make that type of commitment that could go well or could go horribly wrong and create mass chaos in your life ?
7e investments53 Reviews - 1yNicholas L.Pro MemberFlipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
if you post your analysis in the forums you'll get lots of responses.
are you looking at properties in person though? you need to be doing that too
- Member since 2020 · 5 posts · 4 votes1y
I wonder how you cope with all of the hallucinations? When you catch it, it is always, "You are absolutely right. My analysis was incorrect. Let me try that again". And this happens constantly.
- Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes1y
They evolve rapidly. Try the paid version of GPT4 is orders of magnitude better than the previous version a few months ago. o3 has advanced reasoning, it basically prompts itself to do more research, you can watch it go through the thought process and research the internet live - a complex question may take a minute or 2, but the results are impressive.
But you have to know how to write good prompts: the answer is only as intelligent as the question. If you just give it a generic prompt like "tell me about how to purchase a property" you get a generic answer. Follow the RICE or RICE-FACT framework when you write a prompt, you'll get much better answers.
I was the last guy who did not want to give up his blackberry, because it had buttons and the windows phones out IT group picked for us were not that good at the time. Compare that to my Galaxy today.
What you are looking at now is the worst AI will ever be.
- Rental Property Investor · San Francisco Bay Area · Member since 2022 · 1k+ posts · 1k+ votes1y
I agree with Marcus. I briefly paid for a coaching program and cancelled after 7 months. I did the less expensive program $166 a month vs the full program $10,000. They package everything you could look up for free on BP, YouTube videos, podcasts in these nice looking neat modules. They did group office Zoom hours but I could ask those same questions in a free real estate meetup. I had to pay extra $200 an hour to talk to the coach one on one (which I didn't do).
I disagreed with some of the things one of the coaches initially suggested: sell my appreciating California rental to buy multi-family or multiple out of state single family to "cash flow" and scale faster. If I had taken that advice I would be kicking myself now - that CA house would be gone (my OOS investing journey has been mixed so not pursuing that).
I'm not huge book reader but I learn better with visual (Google slides or video) and a presentation. I've gone to local meetups for free and networked with other investors and gotten advice for free - we help each other out. Examples of meetups Ive gone to: analyze inspection reports, going into a deep dive with San Francisco market and STRs (short term rentals), how to be landlord in a tenant friendly city, tax strategies with a CPA etc. These were presented by different investors as a way of giving back.
You can also network with investors or contractors who may let you walk their projects - having solid construction knowledge is crucial for renovations and repairs.
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