Is it a Lead or a Deal?

Question

It has been mentioned several places, including on the podcast, that one way to up the ante when you are looking for a mentor is to come with a deal in hand as a way to give them value for working with you. My question is are we talking a lead (i.e. I went out and did some driving for dollars and got some addresses that can be hunted down) or a firmish deal with numbers attached that just needs to be critiqued and finalized?

Thanks,

Daniel

Thanks,

Daniel

Daniel J. · Answer

Chris T. That was somewhat my feeling. So would you say then that typically I would need to reach out to the home owner and convince them to sell and get a sales price from them? I certainly don't mind doing the leg work, I also wouldn't want to lead anyone on if I didn't feel ready to close a deal without additional insight, but couldn't find anyone to do that.

Thanks!

Chris T. · Answer

Yes, basically once you find a motivated seller and figure out some basic numbers, then approach the people you are hoping to mentor from.

Most of them would be happy to help if you split the potential profits. Even if this deal doesn't go through, you would have put your foot in the door to establish a relationship.

There are a lot of people who want to get into the game but not do the legwork, so you want to prove your value. Good luck!

Chris T. · Answer

@Daniel Jarvis

It depends on the person you're looking for help from.

Anyone can come up with a lead. However, most of them are not deals. Once you sort through them and feel there is a potential deal, then ask someone with experience if they can help you close it , and split the profits.

Daniel J. · Answer

Any thoughts?