If you are starting out, DO NOT pay for mentorship

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If you are starting out, DO NOT pay for mentorship

Twana RasoulBusiness Member
Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes

It is pretty amazing to find just how many people are offering "mentorship" for 10s of thousands of dollars to newbies who want to get into real estate.  What is more amazing is the amount of people actually buying these programs that can't even afford it.  All the information is free on the internet.  Paying such a large sum of money to a "mentor" starting out most likely means you are lazy and you are not willing to put in the effort/work.  There are so many opportunities for you to learn online absolutely free and/or work free for others while learning in exchange.  Reach out to members in your local community or on BP and provide them some sort of value and in return you can learn from them.  

If you are really having a tough time and need some more guidance I would gladly meet up with anyone in the San Diego Area for about 20 mins over coffee.  This offer will be for anyone that reaches out and sends me a private message this month (Feb 2019) only.  I specialize in buy/holds locally as well as OOS and have done close to a dozen deals thus far.   I don't sell anything and I get absolutely nothing out of this.  I work a W-2 in the local construction industry during the week.

Happy Learning & Investing !

Twana Rasoul

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Joe VilleneuvePro Member
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
7y

You know what you know, and you don't know what you don't know.

It amazes me that people won't think twice about paying for a college education, taught by professional teachers, as opposed to professionals at what they are teaching, and yet are offended when asked to pay for education for handling millions of dollars, and their future, and legal issues, etc...specific to REI, taught by teachers that are pros at what they are teaching.

Not all teachers/mentors are right for everyone, or are worth what they are paid, but I bet there are nowhere near as many people that would want their money back from college, that would expect their money back from a REI Mentor.

Yes, I mentor, and charge.  The main reason I charge is to make sure that my students are serious.  My time is valuable, and I don't want to waste it on someone "kicking tires".

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  • David Dachtera
    Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes
    7y
    Originally posted by @Twana Rasoul:

    @David Dachtera Great points.  the onus is on the student to be aware and not go into debt for some program or group that is only interested in making money and not as interested in the success of the student.  There are a lot of people that are eager to take peoples life savings or have them go into debt to pay for their program.  

     Agreed. However, not all of them are bad, and the range is quite a broad spectrum.

    2Reply
  • Robin White
    Rental Property Investor · Temple City, CA · Member since 2017 · 19 posts · 9 votes
    7y

    @Twana Rasoul commit first. Figure it out later. I’m a true believe of that.

    1Reply
  • Marco PadillaPro Member
    Investor · Philadelphia, PA · Member since 2017 · 104 posts · 50 votes
    7y

    One way or another you are going to pay for your lessons. While I do agree with you there is a ton of information on the internet not all of it is correct and who is there to filter out bad information from good information when you've no idea what's what? Not to mention the value you get from knowing that you have someone on your side to help you out should things go awry. With that being said we are all different creatures and operate in deferent ways, some may be self taught and others may need a mentor, it all boils down to the type of person you are and most of all knowing yourself, your strength & weaknesses. Thanks

    [email protected]215-999-3005
    1Reply
  • Marcos Paulo Cerra
    Property Manager · PA · Member since 2018 · 67 posts · 42 votes
    7y

    I always question when people offer mentorship for money. There are so many people in the community who are willing to teach and give back to the right person!

    0Reply
  • Samantha Lotti
    Realtor · Albany, OR · Member since 2014 · 128 posts · 30 votes
    7y

    @Twana Rasoul this is great to read. I have been trying to connect with someone in my area to meet up with, but just keep stricking out. It's great that you are willing to meet up with people. I applaud you for that. If anyone is in my area and would like to meet up with a newbie, message me please. :)

    1Reply
  • Josh Loayza
    Flipper/Rehabber · Las Vegas, NV · Member since 2019 · 47 posts · 7 votes
    7y

    @Twana Rasoul hi twana my name is josh and I'm in the Las Vegas area and would like to know if you would be heading out this way anytime soon? Keep me posted I'd like to discuss wholesale REI and would like to know if this is something you would be able to help me out with? Thank you

    0Reply
  • Tiara Elise Hatley Williams
    Wholesaler · Memphis, TN · Member since 2019 · 26 posts · 27 votes
    7y

    @Tiyawn Walker I did buy a flipping course, but then I had to buckle down on the lead generation part (which didnt help all that much). Then I found helpful Facebook groups (and created my own) that share info, youtube videos, podcasts, forums like these. It's all a matter of taking in the info, organizing it, and putting it to use. A lot of people just take in info and dont use it because they overload or forget. I then made a YouTube video on how to organize the free content to avoid that situation

    0Reply
  • Jake RhodesPro Member
    Rental Property Investor · Crown Point, IN · Member since 2018 · 53 posts · 17 votes
    7y

    Great insight @Twana Rasoul.  I am fairly new (2 properties) and learning everyday.  I think the biggest part for a "newbie" is the perceived urgency to want to know it all, right away.  Finding people you can trust and build a relationship will take time.  Money doesn't buy that.  

    I am at the stage where I need mentorship to learn.  Step 1 is visiting local meet-ups and trying to provide value.  

    0Reply
  • Wahkeem Whyte
    Member since 2019 · 2 posts · 0 votes
    7y

    @Tiara Hatley-Williams hi I’m trying to get in to real estate to better myself and my fiancé future. How did you get into the real estate game?

    0Reply
  • Wahkeem Whyte
    Member since 2019 · 2 posts · 0 votes
    7y

    @Lydia T. I’m just starting out and would love to learn some more. If you have some time to help a beginner.

    0Reply
  • Mike G.
    Real Estate Agent · Las Vegas, NV · Member since 2016 · 589 posts · 275 votes
    7y

    its all relative to your personal experience and beliefs regarding this topic. 

    If you ask me, and thats of course if you ask I will tell you this.

    We can all agree that in the digital fast paced age that we live in that TIME IS MONEY. 

    We can all agree that time is more valuable than money in most instances (Im sure ill get more support on this bullet point from the older BPers) 

    With the digital era of everyone making YouTube videos and claiming they are some expert and putting out information with no way to vet that information to know if its good information or not. 

    That 3rd fact to me makes me lean towards a mentor IF:

    you can find the right one who can actually teach you...

    show you by example what you need to do to become successful (ie: blueprint for success)

    has a track record of successful students that have blazed a path before you showed up.

    Look, If the right mentor can shave 10 years of mistakes and drastically shorten your learning curve in any given profession or sport I would bear the question. . 

    Why wouldn't you pay for a mentor? because time is money. 

    Do you think Tom Brady would have 9 trips to the Superbowl and 6 Super Bowl Championship victories without a coach?

    A true coach/mentor should provide experience, value, insight and applicable knowledge to your profession or sport. 

    The right coach can make all the difference. So can the right mentor. 

    But in the end I suppose this topic much like many other topics on BPs forums is subjective to the reader based on their personal experiences be it positive or negative.  

    if you got the money, find the right mentor and go for it!!! Just be sure to do your due diligence on them prior to signing up and paying big $$$!!

    thats my .02

    2Reply
  • Twana RasoulBusiness Member
    OP
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Robin White commitment is huge for sure

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  • Tiara Elise Hatley Williams
    Wholesaler · Memphis, TN · Member since 2019 · 26 posts · 27 votes
    7y

    @Wahkeem Whyte I started out as a bird dog. I have a Facebook group called Bird Dog Real Estate where I teach about it. Also on my YouTube channel

    0Reply
  • Akin Okegbile
    Birmingham, AL · Member since 2017 · 39 posts · 26 votes
    7y

    I definitely DISAGREE, While I am not a pro, and I have been self taught. I have peers that have bypassed a lot of my rookie mistakes because of proper mentorship and guidance. 
    I'm also will remind OP of the old Addage "Advice is worth what you pay for it". There is LOTS and LOTS of free advice out there. 
    What you're paying for is
    1. pertinent advice
    2. timely advice
    3. War Stories
    4. Established connections
    5. Tried and true systems.
    Each and everyone of these is worth it's weight in gold. 

    1Reply
  • Twana RasoulBusiness Member
    OP
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Jake Rhodes Sounds like you are at a great point to look into mentorship and have enough experience to know what to look for and not get swindled.  Best of luck!

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  • Twana RasoulBusiness Member
    OP
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Samantha Lotti Thanks for the comment.  It is great that you are trying to connect with the right people locally, hope you find the right people to surround yourself with :)

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  • Twana RasoulBusiness Member
    OP
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Josh Loayza thanks for reaching out.  I don't have any plans to go out to Vegas and I am not a wholesaler so I would not provide much value there.  Feel free to shoot me a PM with anything else I can potentially help with and I would be happy to.

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  • Twana RasoulBusiness Member
    OP
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Mike G. thanks for sharing, definitely appreciate your 2 cents.  I'm a big fan of mentorship, I'm always looking for new mentors myself.  I'm sure Tom Brady touched and threw a few footballs as well as watch a few games and practice a bit before taking some "Championship quarterback mentorship course" for $100k :) I think we actually have the same views regarding mentorship.

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  • Twana RasoulBusiness Member
    OP
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Akin Okegbile I agree, the right mentor at the right time can be beneficial.  But to get a mentor and pay them large sums of money without being able to vet them because you don't know enough to know if they are full of BS is not the right time to be looking for that.  If people are so eager to blindly pay $20k to a mentor who has maybe done a couple of deals and mostly focuses on education then please by all means do so.  I'm sure there are plenty of others on bigger pockets that are willing to take your $20k as well.  Good luck.

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  • Josh Dane
    Rental Property Investor · Chicago, IL · Member since 2013 · 100 posts · 85 votes
    7y

    @Twana Rasoul I can’t believe it either. I’d happily mentor people as much as I can.. for free!

    0Reply
  • Twana RasoulBusiness Member
    OP
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    That's awesome @Josh Dane.  I hope a few locals take you up on that offer in Chicago area.  very kind of you.  Best of luck!

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  • Alex K.
    Houston · Member since 2016 · 72 posts · 18 votes
    7y

    @Twana Rasoul how do I pm you ?

    0Reply
  • Twana RasoulBusiness Member
    OP
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Alex K. just click on my name to go to my page and click "message" on top right to send a private message.  

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  • Akin Okegbile
    Birmingham, AL · Member since 2017 · 39 posts · 26 votes
    7y

    @Twana Rasoul Facts. However as with all transactions..

    !!!Buyer Beware!!!
    A fool is easily separated from his money. 
    If you don't know the sucker in the room. You are the sucker!!

    I didn't need a mentor to know those three above.  Happy hunting!!! 

    :toungeincheek:
    My patreon is @ImARealEstateMentorToo

    1Reply
  • Alex Gonzalez
    Member since 2019 · 2 posts · 0 votes
    7y

    @Twana Rasoul just looking for investors might just go to the bank

    0Reply
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