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Updated 10 months ago on . Most recent reply

Account Closed
  • Insurance Agent
  • Birmingham, AL
2
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Mentoring where to get started?

Account Closed
  • Insurance Agent
  • Birmingham, AL
Posted

Hello,

I am a new aspiring real estate investor. I've done hours and hours of research but one thing I'm missing is being around people who are in the real estate investor industry. I've tried networking to multiple people for mentorship, but usually I get responses of payment request and a cite to coaching, plus some real estate agents trying to take advantage of my inexperience.

Yes, these cites are helpful and I've taken courses. Anyways, in short anyone have recommendations for finding a mentor for my journey. I just graduated college and am ambitious to learn and grow.

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Evan Polaski#2 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
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Evan Polaski#2 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
Replied

@Account Closed, I would not go out to networking events asking someone to be your mentor.  Maybe this is not the approach you are taking, but being a mentor to someone, to me, sounds like a larger commitment than I can make.  But, that doesn't mean I am not open to answering questions, heading to coffee periodically or someone willing to buy me a cheap lunch to talk for an hour here and there.

I would also attend meetups and REIA groups. You are going to meet people that have done it and get the opportunity to ask a question or two from a bunch of people. You do not have a "mentor", you have many people out there helping you learn the business.

And like Nicholas said, the best lessons will be those you learn from doing.  As long as you are not trying to learn with other people's money, like a lot of syndicators have tried, I think the best way to get going is exactly what Nicholas noted: save up and buy a property. 

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