Reaching Out to Investors as a Newbie

Member since 2019 · 20 posts · 9 votes

Hello!

I would love to get out there and connecting with investors in the NYC area.

I learned that it’s best to offer your assistance when trying to network/connect with investors. For example, helping them find a good deal.

As an investor, how do you think it’s best for a newbie investor to approach you when he or she needs help gaining experience? How would you respond if someone asked you to walk them through a deal? What tasks would you give the newbie investor to help you through this deal?

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Basit SiddiqiBusiness Member

Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes

@Jamila Thompson

I think you can gain experience in multiple ways
1) reading books
2) browsing the forums
3) Analyzing deals
4) going to open houses
5) going to networking events

There may be investors who are willing to teach for free but there are also investors who value time and want some trade off before they teach/mentor/train you.

Obtaining a skill that an investor would find useful would be a good bargaining chip.

[email protected]917-280-8544

Basit Siddiqi CPA4.979 Reviews

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Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
7y
@Jamila Thompson

I think you can gain experience in multiple ways
1) reading books
2) browsing the forums
3) Analyzing deals
4) going to open houses
5) going to networking events
There may be investors who are willing to teach for free but there are also investors who value time and want some trade off before they teach/mentor/train you.

Obtaining a skill that an investor would find useful would be a good bargaining chip.
[email protected]917-280-8544
Basit Siddiqi CPA4.979 Reviews
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Bill Plymouth
Real Estate Agent · Philadelphia, PA · Member since 2018 · 416 posts · 396 votes
7y
@Jamila Thompson have you joined your local Real estate investors association? I would suggest meeting an investor, building a relationship, find a deal, then offer to partner on it.
The guy who runs my Philly REI association has one in New York. His name is Nick Tang. You can probably find it on the "meetup" app.
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David London
Rental Property Investor · Queen, NYC · Member since 2018 · 63 posts · 22 votes
7y
@Jamila Thompson Reading your bio it seem to me you have much more to offer then most newbies...the background in civil engineering is for sure a great start...the other asset you can offer is obviously your time and 'just out of college' energy...I would start by offering to go to view properties for investors you would like to work with...this is one of the most time consuming parts and there will be always more properties an investor would like to see then would possible physically...you could probably accompany them for few times to get them to explain their criteria and then have them send to you places they would like you to see...or being proactive about it and find for them properties that match their criteria.
I would also suggest you start to go to all the open houses you can possibly manage in your neighborhood (or other specific neighborhood) even if you cannot remotely afford anything there...a big part of finding good deals is learning to evaluate properties relative to the market in which they are located (try to be focused on a narrow geographical area in the beginning)...visiting a lot of places will start train you to notice potential added value of places...the various discrepancies between the ad and the actual place...all skills which are transferable to whichever market you will decide to focus on later.
Feel free to DM if you have any questions
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