I'm looking to get involved in REI (residential properties specifically). I don't qualify for an FHA loan at this point because I have below average credit- and I only have a part time job. I'm currently saving money- and figure in a few months I'll have enough to help make a down payment on a property.
I know that I need a partner, a mentor, and a bit of luck to acquire my first deal. But I don't know how to go about everything. I read tons of books on RE- and I know what I want to do. I have the drive and determination to succeed- and can contribute a good amount of "sweat equity".
My question is where can I find someone, in the NY area, that has experience, that's willing to mentor or partner up with me?
It would probably be a good idea to narrow down your focus. If you're planning on buying and holding, maybe a landlord investor. Or, if you're planning to learn how to build up cash maybe a wholesaler in the area. From there, you can target exactly what kind of mentor you're looking for.
If you're just starting out, you may want to connect with @Ali Boone . She's done quite a number of write-ups on the BP blog for beginner investors and has a fresh perspective in this area.
Hope that helps!
@Daniel Amis You can try searching for the nearest real estate investing association (REIA) group on meetup.com. See when the next meeting is and go network. That should get you in the vicinity of like-minded people.
Also one thing to keep in mind is if you want to find a partner/mentor, you need to first figure out how you can add value to their business. “You will get all you want in life, if you help enough other people get what they want.” – Zig Ziglar.
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@Raymond B. Thanks, I was on the computer at my day job when I wrote the previous post. Those computers are old and slow; that feature won't register....sorry
Thank you both for your suggestions- and time. I'll do as suggested.
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