Wholesaler and Investor · Cincinnati, OH · Member since 2015 · 69 posts · 15 votes
Hello i am looking to meet investors as well as more wholesalers in the cincinnati ohio area i am not new to real estate but far from a pro and i have some investors who are looking for good deals but i am looking for more and also looking to network with the wholesalers and see if i can bring things to do deals to help us both i am a current business owner looking to start my own portfolio small soon . Any advice or help i know about REIA i plan to start going more i have only been once.
Thanks One more question what do people think about mentor programs that you pay for how have they helped you or how have they not ?
Investor · Cincinnati, OH · Member since 2015 · 229 posts · 50 votes
10y
Just pickup podcasts and books first. It makes your brain hurt, but I'm of the philosophy that if you don't take the time, energy, and effort to first educate yourself, a paid mentors not going to be all that much more helpful. Now, if I had gotten a paid mentor, my views might be different.
Wholesaling is something I think I'd like to get into after I have more buy and hold rentals. Haven't researched much on wholesaling just yet.
Investor · Cincinnati, OH · Member since 2015 · 229 posts · 50 votes
10y
Just pickup podcasts and books first. It makes your brain hurt, but I'm of the philosophy that if you don't take the time, energy, and effort to first educate yourself, a paid mentors not going to be all that much more helpful. Now, if I had gotten a paid mentor, my views might be different.
Wholesaling is something I think I'd like to get into after I have more buy and hold rentals. Haven't researched much on wholesaling just yet.
Wholesaler and Investor · Cincinnati, OH · Member since 2015 · 69 posts · 15 votes
10y
Thanks @Max James for the advice i have been listening and reading a lot lately . Just wanted some real world advice from current people. Also i agree with you about getting into it once you have more buy and hold properties i am looking at it like i would like to get into wholesaling to get my cash flow up and get into a few flips to add more revenue and use that money to start buying and holding because right now buying and holding is currently working for what i can afford i don't want to get stuck with a property i cant rehab.
Lender · Dayton, OH · Member since 2008 · 1k+ posts · 705 votes
10y
@Alex Holt You know about the Cincinnati REIA, you really need to go. Make sure you meet and talk to at least 3 new people each time, and reconnect with the ones you've already met there. (Say "Hi" to my wife @Christina Carey and I too.) Also, check out the subgroups on specific topics. The smaller size helps you get to know people better.
A mentor or mentor course can be helpful, or a waste of time, depending on what you do with it. I see far to many people buy, but not apply. (that rhymes, lol).
And, of course, take advantage of all the resources here on BP,
Wholesaler and Investor · Cincinnati, OH · Member since 2015 · 69 posts · 15 votes
10y
@Darrin Carey hey thanks for the advice I am going to start going I have only been to one meeting . Please let me know when you will go i would love to meet you and your wife I'm all about networking and relationships because I have buddies buying in Dayton already and I know your in my area to so maybe we could do future things . I plan to keep learning on bp to I love this site it's kinda addicting I get tired of Facebook and all the non sense on there so I turn to here .
Thanks for the advice hope to hear from you soon .
Real Estate Broker · Dayton, OH · Member since 2010 · 245 posts · 186 votes
10y
@Alex Holt My husband already covered the high points. We will be at the final REIA meeting of the year on December 3rd, which is the annual holiday party. All networking, except for the Best Deal, Worst Deal, and Most Creative Deal (of the year) competitions. Always encouraging and entertaining.
Professional Auctioneer · Baltimore, MD · Member since 2015 · 1k+ posts · 1k+ votes
10y
Hello i am looking to meet investors (you would be better off meeting more motivated sellers) as well as more wholesalers in the cincinnati ohio area (why do you think you could benefit from knowing people who call themselves wholesalers?) i am not new to real estate (what is your experience in real estate) but far from a pro (you could be a pro in this business once you have a number of profitable deals under your belt) and
i have some investors who are looking for good deals (are you looking to sell to investors "good deals", it seems too me that you are trying to represent investors as well as yourself ?"you are way better off representing yourself) but i am looking for more and also looking to network with the wholesalers (I may be wrong here, but I don't think those so called "wholesalers" want to networkwith you, I believe their goal is to make an assignment fee for themselves) My observations of those who call themselves "wholesalers" don't really have the skills or knowledge to flip properties, because they took a motel course on wholesaling, does not make them skilled real estate investors) and see if i can bring things to do deals to help us both (I think you need to think first of educating yourself before you try to network with others who may not have the skills that you think they have) i am a current business owner looking to start my own portfolio small soon. (great, as a business owner, you should have the funds to start a successful real estate business, if not, start to create credit lines and line up friendly joint ventures) Any advice or help i know about REIA i plan to start going more i have only been once. (REIA's are entertaining and a fun way to spend an evening, unfortunately most of the members are trying to find that magic way to get rich, at REIA you will find that many of the speakers and some of the sharks see you as a source of income and will up-sell you more seminars and courses, or motivate you to buy their properties at a great profit for themselves)
Thanks One more question what do people think about mentor programs that you pay for how have they helped you or how have they not ? (if you are thinking about a mentor, get references, look at their financial statement, ask them how are they going to help you produce leads, will they run the leads with you, how many deals have they done in the past 6 months, how much did they make per deal? Ask to look at their contract offers, ask if they understand and have used the following clauses in their offers; hybrid offer, delayed settlement, banking days, automatic extension, check funds, study periods, vertical break ups, front porch clauses, substitution of collateral, seller annuities.....to mention a few. If they can't tell you about those items....you need to look around for someone smarter)
Alex, I don't mean to sound negative in this response, you seem very sincere in establishing your goals to make real estate investing as an avocation or a full time money making business.
I would hate to see you spend money on useless programs that will drain your resources only to wind up highly motivated want-to-be investor with a ton of CD's and books.
There is no one answer to satisfy your desire, I would say take it slowly, associate with real investor who have a proven track record and be very curious about any course that is offered to you.
Investor · Cincinnati, OH · Member since 2013 · 2k+ posts · 1k+ votes
10y
@Alex Holtwe have a monthly mastermind in Mason where we talk about what we've got going on, our challenges then we hold each other accountable for reaching our stated outcomes every month. You can sign up for it here: