Is it appropriate to ask for a mentor for investment properties?

Question

Hello! I am very new at investing in real estate and very motivated in getting started. I have read the Real Estate Investment Basics book from BP and have also read Rich Dad, Poor Dad. I was wondering if it was appropriate to have a mentor when it comes to real estate investments? If so, where can I go to meet more real estate investors to “learn the ropes” of real estate investing? I am a future real agent and will be taking my test this month and also a music teacher in the Philadelphia area. In addition, I am taking an investing class of how to properly analyze a real estate investment.

Thank you!

Joe

Thank you!

Joe

Scott Morongell · Answer

@Joseph Borell I think it's smart to have a mentor. Be willing to pay or work them into a deal you acquire. It is important to respect their time and add value in return to them!

Chris Youssi · Answer

Welcome to the world of Real estate investing. A few thoughts:

1.) Don't overthink it and expect to master everything before you make the leap / analysis paralysis will stunt any growth and you will miss opportunities. Keep it simple and take the path of least resistance for your situation.

2.) Attend local meetups tons of knowledge within your local peer group. I have been investing for close to 40 years - hard to believe and I am going tonite - love to gain new insights and methodologies. Type in keyword where ever your wanting to invest locally and BP will send you alerts for meetings.

3.) Reading a great book right now by Gary Keller titled Millionaire Real estate investor - founder of Keller Williams real estate company - would highly recommend.

Ask questions / read the forums /listen to the podcasts on BP loads of information.

Best wishes on your new ventures!